RememberUsAlways
@RememberUsAlways@newsie.social replied  ·  activity timestamp 3 days ago

It's very possible #Republicans will send World business to tariffs free #China as a simple solution to Trump #tariffs causing short term #recession as world economic activity shifts away from the #UnitedStates
#tradewar
#premarket
#CNBC
#investing
“We must unite and take a clear stand against unilateralism and protectionism,” Xi said."
https://www.theguardian.com/us-news/2025/aug/27/trumps-tariffs-trade-war
Yogthos
@yogthos@social.marxist.network  ·  activity timestamp 5 days ago

Most US companies with operations in China aren’t planning to leave the country despite the challenges posed by tariffs, according to a survey late last month by the American Chamber of Commerce in China.

https://www.bloomberg.com/news/articles/2025-06-06/us-firms-in-china-will-stay-put-despite-tariffs-amcham-says

#usa #china #tradewar #economy
Yogthos
@yogthos@social.marxist.network  ·  activity timestamp last week

July’s PPI surged 0.9% month-over-month, far above the 0.2% forecast. Core PPI also jumped 0.6%, the largest rise since March 2022. This suggests businesses, squeezed by tariffs and higher import costs, will soon pass more expenses to consumers, reversing recent mild CPI trends. Despite market hopes for a September rate cut, the data confirms inflation remains persistently above the Fed’s 2% target, complicating its next move.

https://finance.yahoo.com/news/ppi-inflation-shock-core-producer-prices-hit-3-year-high-in-july-in-head-scratching-inflation-surge-123743902.html

#usa #economy #tradewar
The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp 2 weeks ago

In his Independence Day speech, Indian Prime Minister Narendra Modi advocated for his country to pursue self reliance, against the backdrop of U.S. President Donald Trump’s global trade war. https://www.japantimes.co.jp/business/2025/08/15/economy/modi-defiant-us-tariffs/?utm_medium=Social&utm_source=mastodon #business #economy #narendramodi #india #us #tariffs #tradewar #donaldtrump
Yogthos
@yogthos@social.marxist.network  ·  activity timestamp 3 weeks ago

China’s exports have significantly rebounded, excluding the US, with trade surplus hitting a new record high of $1.2 trillion over the past year.

China is expanding global trade as countries flock to it in face of US tariffs.

If one of the objectives of Trump's trade war was to constrain China's global trade dominance, the results are in, and it has failed dramatically. In fact, if anything, it probably had the opposite effect.

https://datatrack.trendforce.com/blog/content/43491/chinas-trade-surplus-breaks-world-record-in-first-half-of-2025-amid-us-tariff-challenges

#usa #china #economics #tradewar

Chart 10: China Trade Surplus Hits Record High Data Type: 12-month cumulative trade surplus (in $USD trillion) Source: BofA Global Investment Strategy, Bloomberg Key Data Points: Current Record Surplus: $1.2 trillion (highest point on chart) Trend: Steady upward trajectory (visualized from $0.0tn to $1.2tn) Visual Description: The bar/line chart shows China’s trade surplus growing over time, peaking at $1.2 trillion. The y-axis ranges from $0.0tn to $1.2tn, with incremental labels at $0.2tn intervals.
Chart 10: China Trade Surplus Hits Record High Data Type: 12-month cumulative trade surplus (in $USD trillion) Source: BofA Global Investment Strategy, Bloomberg Key Data Points: Current Record Surplus: $1.2 trillion (highest point on chart) Trend: Steady upward trajectory (visualized from $0.0tn to $1.2tn) Visual Description: The bar/line chart shows China’s trade surplus growing over time, peaking at $1.2 trillion. The y-axis ranges from $0.0tn to $1.2tn, with incremental labels at $0.2tn intervals.
Chart 10: China Trade Surplus Hits Record High Data Type: 12-month cumulative trade surplus (in $USD trillion) Source: BofA Global Investment Strategy, Bloomberg Key Data Points: Current Record Surplus: $1.2 trillion (highest point on chart) Trend: Steady upward trajectory (visualized from $0.0tn to $1.2tn) Visual Description: The bar/line chart shows China’s trade surplus growing over time, peaking at $1.2 trillion. The y-axis ranges from $0.0tn to $1.2tn, with incremental labels at $0.2tn intervals.
Yogthos
@yogthos@social.marxist.network  ·  activity timestamp 3 weeks ago

From McDonald's and Coca-Cola to Amazon and Apple, U.S.-based multinationals are facing calls for a boycott in India as business executives and Prime Minister Narendra Modi's supporters stoke anti-American sentiment to protest against U.S. tariffs. 😆

https://www.reuters.com/business/autos-transportation/india-trumps-tariffs-spark-calls-boycott-american-goods-2025-08-11/

#usa #tradewar
Yogthos
@yogthos@social.marxist.network  ·  activity timestamp 3 weeks ago

China’s exports surged even more than expected in July, as Chinese companies raced to ship goods to Southeast Asia and other regions, often for onward shipment to the United States, before President Trump could raise tariffs on imports. 😆

https://www.nytimes.com/2025/08/07/business/economy/china-tariffs-exports-imports.html

#usa #china #tradewar #economics
Claes de Vreese ☑️
@claesdevreese@mastodon.social  ·  activity timestamp 3 weeks ago

Out in the open: the US administration’s attempt to undermine the EU Digital Services Act (and other regulations) was evident.

Now it has been elevated to formal policy and goal of diplomatic efforts.

#DSA #bigtech #tradewar #regulation

https://www.reuters.com/sustainability/society-equity/rubio-orders-us-diplomats-launch-lobbying-blitz-against-europes-tech-law-2025-08-07/
Claes de Vreese ☑️
@claesdevreese@mastodon.social  ·  activity timestamp 3 weeks ago

Out in the open: the US administration’s attempt to undermine the EU Digital Services Act (and other regulations) was evident.

Now it has been elevated to formal policy and goal of diplomatic efforts.

#DSA #bigtech #tradewar #regulation

https://www.reuters.com/sustainability/society-equity/rubio-orders-us-diplomats-launch-lobbying-blitz-against-europes-tech-law-2025-08-07/
Yogthos
@yogthos@social.marxist.network  ·  activity timestamp 4 weeks ago

Trump’s use of tariff threats has devolved into a form of extortion, leveraging US economic power to coerce countries into making multibillion-dollar investments to avoid high tariffs.

The long-term effects of such coerced investments will very likely lead to collapse of global trade with the US.

https://www.nytimes.com/2025/08/04/us/politics/trump-tariffs-foreign-investment.html

#usa #uspol #tradewar
Yogthos
@yogthos@social.marxist.network  ·  activity timestamp 4 weeks ago

Trump says EU could face 35% tariffs if it fails to meet $600bn investment promises, threatens with pharma tariffs.

The EU has exposed itself as being spineless, and the Americans will now keep making increasingly draconian demands. This is why every nation with a shred of sovereignty stood firm in face of the threats.

https://www.theguardian.com/world/live/2025/aug/05/ukraine-russia-zelenskyy-putin-eu-us-tariffs-europe-latest-news-updates?CMP=share_btn_url&page=with%3Ablock-6891fca98f08dc7a3db41483#block-6891fca98f08dc7a3db41483

#usa #eu #tradewar
The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp 4 weeks ago

Shock, dismay and angst swept across India as businesses, policymakers and citizens digested U.S. President Donald Trump’s sharp remarks and a surprise 25% tariff rate earlier this week. https://www.japantimes.co.jp/business/2025/08/02/india-aghast-trump/?utm_medium=Social&utm_source=mastodon #business #india #us #trade #tradewar #tariffs #donaldtrump #narendramodi
Yogthos
@yogthos@social.marxist.network  ·  activity timestamp 4 weeks ago

Brazil President Luiz Inacio Lula da Silva’s defiant response to Donald Trump’s 50% tariff threat was validated Wednesday — at least in the short term — with markets and businesses breathing a collective sigh of relief at the long list of exemptions to the levies.

Contrast this with the EU folding unconditionally.

https://ca.finance.yahoo.com/news/lula-defiance-pays-off-trump-113119274.html

#usa #brazil #eu #tradewar