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December 19, 2024
 

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TRADE WAR

U.S. President-elect Donald Trump attends a viewing of the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, on Nov. 19. Trump on Monday threatened to slap China, Mexico and Canada with hefty tariffs upon his return to the White House.
BUSINESS / Economy
Nov 26, 2024
Trump pledges 25% tariffs on Canada and Mexico, and more levies on China
The president-elect says he will sign executive orders to enforce the measures when he returns to the White House on Jan. 20.
China is on track for a record trade surplus that could reach almost $1 trillion this year.
BUSINESS / Economy
Nov 25, 2024
Chinese exports to hit record this year before second Trump term
Exports already started off this quarter with the fastest growth since July 2022.
Owning dollars has been a winning strategy for Chinese companies. The currency has been kept strong by high U.S. rates and falling Chinese ones.
BUSINESS / Markets / ANALYSIS
Nov 22, 2024
Corporate China seeks dollars as trade tensions rise
Chinese firms are squirreling away dollars, pricing contracts in yuan and opening import lines to mitigate currency risks,
President Xi Jinping of China and President Donald Trump during a state visit in Beijing, Nov. 9, 2017
WORLD
Nov 21, 2024
Bracing for Trump tariffs, China's Xi makes diplomatic push at global summits
While better prepared for another Trump White House, China is also more vulnerable after its economy was hit by a huge property crisis.
Chinese President Xi Jinping arrives for a bilateral meeting Peruvian President Dina Boluarte at the Government Palace in Lima on Nov. 14.
WORLD / Politics
Nov 20, 2024
Xi’s push for stable world of low tariffs undone by Trump and Putin
U.S. President-elect Donald Trump is threatening to put 60% tariffs on Chinese goods while China walks a tightrope regarding Russia’s invasion of Ukraine.
A screen displays trading information about the shares of Truth Social and Trump Media & Technology Group, outside the Nasdaq Market site in New York on March 26.
BUSINESS / Markets
Nov 18, 2024
Truth Social and late calls take over economists’ lives under Trump
The end goal for economists is to produce accurate forecasts to help traders, businesses and governments navigate the new chaotic world.
Chinese leader Xi Jinping reviews an honor guard upon his arrival for the Asia-Pacific Economic Cooperation forum in Callao, Peru, on Thursday.
BUSINESS / Economy
Nov 16, 2024
Xi seizes role as global defender of free trade against Trump
China’s leader warned on Friday that the global economy was fracturing as protectionism spreads, leading to "severe challenges.”
Chinese Vice Premier He Lifeng. He, 69, is a Politburo member and Beijing’s point person for U.S.-China economic and trade affairs.
ASIA PACIFIC / Politics
Nov 14, 2024
Xi’s key players to lead China in another Trump trade fight
Donald Trump’s return to power makes Beijing’s potential negotiators some of the most important people in Xi Jinping’s government.
Chinese Finance Minister Lan Foan attends a news conference about a bill on raising ceilings on local government debt, at the Great Hall of the People in Beijing, on Friday.
BUSINESS / Economy
Nov 9, 2024
China unveils $1.4 trillion debt swap, saving stimulus for Trump
China gave indebted local governments a 10 trillion yuan ($1.4 trillion) lifeline but stopped short of unleashing new stimulus.
U.S. President Donald Trump and Xi Jinping, China's president, shake hands during a news conference at the Great Hall of the People in Beijing on Nov. 9, 2017.
ASIA PACIFIC / Politics
Nov 7, 2024
Xi is better prepared for Trump even as 60% tariffs risk chaos
Xi would much prefer to avoid a tariff battle that risks proving much more devastating than the first round.
Trump has threatened blanket 60% tariffs on China, forcing some companies to consider shifting their supply chains to Southeast Asia.
BUSINESS
Oct 23, 2024
China's exporters run for cover as U.S. election nears
A Trump trade war 2.0 would be a moment of reckoning for many Chinese exporters, whose profits are dwindling under heavy deflationary pressure.
Then-U.S. President Donald Trump prepares to sign a memorandum on intellectual property tariffs on high-tech Chinese goods at the White House in March 2018.
COMMENTARY
Sep 30, 2024
Trumpism, Stalinism and the tariff debate
Trump loyalists — which these days means almost the entire Republican Party — insist as a group that foreigners, not American consumers, pay taxes on imports.
Employees work on an electric car production line near Ningbo, China, in April 2021. In new measures announced Friday, the Biden administration is moving to block off a popular tariff-free path for Chinese apparel coming into the United States, and added stiff levies on electric vehicles, solar panels and other products.
BUSINESS / Economy
Sep 14, 2024
U.S. locks in steep China tariff hikes, as some industries warn of disruptions
The tariffs include a 100% duty on Chinese EVs, 50% on solar cells and 25% on steel, aluminum, EV batteries and key minerals.
A Taiwan Semiconductor Manufacturing Co. facility under construction in Phoenix, Arizona, in 2022. Washington aims to strengthen domestic chip manufacturing as it engages in a trade war with China.
COMMENTARY / World / Geoeconomic Briefing
Jun 9, 2024
Does economic security undermine the benefits of interdependence?
While economic security concerns are not new in the U.S., coercive methods are. These risk undermining the rules-based international order and its global appeal.
Shipping containers at Pier J at the Port of Long Beach wait for processing in Long Beach, California.
BUSINESS / Economy
May 25, 2024
USTR extends some Chinese tariff exclusions, but many to fall away
Friday's action means certain goods will maintain exclusions from import tariffs.
The captain of a port pilot boat approaches a container ship outside the Port of Los Angeles in Los Angeles.
WORLD / Politics
May 24, 2024
A new trade war offers no easy way back for old global order
Then-U.S. President Donald Trump fired the first shots with tariffs on China seven years ago, then President Joe Biden ushered the U.S. into the new industrial policy age.
U.S. President Joe Biden speaks about new actions to protect American workers and businesses from China's "unfair" trade practices, in the Rose Garden of the White House in Washington on Tuesday.
BUSINESS / Economy / ANALYSIS
May 15, 2024
Who’s toughest on China? Biden’s tariff tactic ups ante as election looms.
U.S. president is seen to be trying to "outtrump Trump" to appeal to voters who worry about geopolitical competition or hold anti-China sentiments.
Employees work on a production line at an automotive plant producing electric cars near Ningbo, China. The U.S. is set to announce new tariffs on Chinese electric vehicles and other goods as early as next week, according to people familiar with the matter.
BUSINESS
May 11, 2024
Biden set to hit China EVs and strategic sectors with tariffs
The decision, which could come as early as next week, represents one of Biden’s biggest moves in the economic race with China.
Buyers inside an exhibition hall at the Canton Fair in Guangzhou on April 17.
BUSINESS / Companies
Apr 24, 2024
China’s prices are just too low for buyers to sweat about tariffs
Many buyers at China’s biggest trade event in the southern city of Guangzhou shrugged off the risk of an escalating trade war with the U.S.
Republican presidential candidate and former U.S. President Donald Trump at his Mar-a-Lago property in Palm Beach, Florida, on Tuesday
BUSINESS / Companies
Mar 7, 2024
Possible Trump return causing concern for Japanese firms
Trump has already said that he would impose a 10% tariff on all imported products.
Honda and Nissan might combine to form world’s No. 3 auto group
Nissan President and CEO Makoto Uchida (left) and Honda President and CEO Toshihiro Mibe hold a news conference in Tokyo in March. Both automakers have been working together for months on a deal of some sort.
What we know so far about the Kitakyushu stabbings
Police guard the scene early Sunday morning of a stabbing incident at a McDonald's store in Kitakyushu's Kokuraminami Ward.
Japan to let investigators go undercover to crack down on yami baito
A flyer created by the Metropolitan Police Department to warn people about <i>yami baito</i>, or "dark" part-time jobs
Japan 'regrets' release of anti-whaling activist Paul Watson
Environmental activist Paul Watson waves after getting released from prison in Nuuk, Greenland, on Tuesday.
Trump picks businessman George Glass as Japan ambassador
Businessman George Glass has been selected by U.S. President-elect Donald Trump to be the next ambassador to Japan.
Curiosity didn’t kill the meme: Why cats still rule Japanese YouTube
A screen shot from YouTube user @lagelda shows the simplicity of going viral in Japan in 2024: A cat dancing to EDM in front of a green screen.
With rare Asia carrier deployment, France seeks greater interoperability
The flight deck of the French Navy's Charles de Gaulle aircraft carrier during a stop at Changi Naval Base in Singapore in May 2019
Taiwan’s bullet train a testament to shinkansen’s export potential
A Taiwan High Speed Rail bullet train arrives at Nangang Station in the city of Taipei.
Looking for ways to be charitable in Japan? Give the gift of reading.
Book Santa is a program that delivers books to children in need for Christmas, but it also operates year-round.
Women are writing a new chapter in Japanese literature in the 2020s
"Butter," Asako Yuzuki’s thrilling novel inspired by a real-life femme fatale, was named the Waterstones Book of the Year in 2024.

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