Huntar CEO Jason Cheung, 45, had already halted production at the 600,000-square-foot facility in Shaoguan. He saw the tariff for what it was: an existential threat to his company, which manufactures educational toys bound for the shelves of Walmart and Target, like Learning Resources Inc’s Numberblocks, which help teach kids math. “I needed to start … Read more
The way President Donald Trump sees it, beating China in a trade war should be easy. After all, his logic goes, the Chinese sell Americans three times as much stuff as Americans sell them. Therefore, they have more to lose. Inflict enough pain, like the combined 145% taxes he slapped on Chinese imports last month, … Read more
Talks planned this weekend between US and Chinese officials in Switzerland are a culmination of more than three months of dizzying rounds of retaliatory tariffs between the two countries that have crippled each other’s exporters and dragged on their economies. Washington and Beijing are entering talks with tariffs on each other’s goods at an all-time … Read more
It was always going to be a hard year for Bangladesh. Last summer, amid an economic collapse, protesters toppled a tyrant and pushed the country to the brink of chaos. Then a month ago, as a new government was still working to steady Bangladesh’s economy, came the devastating news that the United States was placing … Read more
The United States on Friday ended a tariff exemption for goods shipped from China worth less than $800, dealing a major blow to popular e-commerce sites such as Shein and Temu, whose cheap items consumers have come to rely on.The decision was announced last month, with the White House calling it a “critical step in … Read more
Ryanair would look for an alternative aircraft supplier if U.S. tariffs materially affect the price of planes it has ordered from Boeing, chief executive Michael O’Leary said in a letter on Thursday, adding that he would consider Chinese planemaker COMAC. “If the US government proceeds with its ill-judged plan to impose tariffs, and if these … Read more
American businesses are cancelling orders from China, postponing expansion plans and hunkering down to see what trade policy surprises President Donald Trump plans to spring on them next. The president’s massive and unpredictable taxes on imports seem likely to mean emptier shelves and higher prices for American shoppers, perhaps within weeks. And the higher costs … Read more
Risks are high that the global economy will slip into recession this year, according to a majority of economists in a Reuters poll, in which scores said U.S. President Donald Trump‘s tariffs have damaged business sentiment. Just three months ago, the same group of economists covering nearly 50 economies had expected the global economy to … Read more
In coming to grips with the second term of President Donald Trump, many of us made the mistake of assuming — hoping? — that he was just “trash-talking” the world, like a boxer needling his opponents in the ring. That he didn’t really mean the outrageous things he said. Of course Trump would never annex … Read more
A file image of Prime Minister Narendra Modi and Tesla CEO Elon Musk during a bilateral meeting at Blair House, in Washington, DC. Photo: X/narendramodi via ANI Tesla and SpaceX CEO Elon Musk on Saturday (April 19, 2025) said he is looking forward to visiting India later this year. The tech billionaire’s remarks came a … Read more