Electric vehicle makers in China, led by the country’s market leader BYD, have been engaged in a bruising price war, depressing profits in the industry.
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In trade standoff with China, U.S. might have a losing hand
Beijing is arguably in a stronger position than Washington, as it can navigate shortages in advanced chips better than the U.S. can do without rare earths.
World Bank: Trade issues affect global growth
The World Bank Group logo is seen on the headquarters building of the Washington-based global development lender in Washington, DC, Jan 17, 2019. The World Bank slashed its 2025 global growth forecast …
Trump tariffs live updates: US, China agree on plan to ease trade tensions as US appeals court allows tariffs to remain in effect
The US and China agreed to a framework and implementation plan to ease trade tensions on Tuesday. “We have reached a framework to implement the Geneva consensus,” US Commerce Secretary Howard Lutnick …
US-China Trade Talks Go On For Second Day: Here’s What’s At Stake
Key Takeaways Negotiations between the U.S. and China continued into a second day Tuesday.The two sides seek to lower trade barriers they’ve imposed on one another in tit-for-tat fashion in recent …
China’s Bankers Ditch Global Hotel Chains as Travel Budgets Bite
These days, Shanghai-based banker Jason Zhang can no longer stay at the Westin hotel in downtown Beijing’s financial district after his company cut its travel budget. Instead, he had to settle for a …
Price wars grip China as deflation deepens, $30 for a luxury Coach bag?
Chinese energy sector worker Mandy Li likes to treat herself to a luxury brand handbag once in a while. But since her state-owned employer cut her wage by 10% and the properties her family owns…
US stocks up in early afternoon as investors wait for China-US trade talk news
One expert said he expected loosened controls on U.S. exports of semiconductors in exchange for China’s releasing of more rare earths.
Trump tariffs live updates: US-China trade talks going well, could stretch into Wednesday, Lutnick says
Trade talks between the US and China resumed on Tuesday, with talks stretching well into the evening in London. Commerce Secretary Howard Lutnick said the talks were progressing “really, really well,” …
In China, fears grow of an EV financial crisis amid pricing war
Electric vehicle makers in China, led by the country’s market leader BYD, have been engaged in a bruising price war.
U.S.-China Trade Talks Are ‘Going Well,’ Lutnick Says. Chips, Rare Earths Are in Focus.
Officials from the U.S. and China are meeting in London this week to iron out details of a deal that would lower Donald Trump’s levies on imports.
World Bank slashes global growth forecast as trade tensions bite
The World Bank on Tuesday slashed its global growth forecast for 2025 by 0.4 percentage point to 2.3%, saying that higher tariffs and heightened uncertainty posed a “significant headwind” for nearly …
World Bank Forecast Underscores Cost of U.S. Trade War
Along with a sharply downgraded projection for global output this year, it urged a “course correction” on trade to help preserve living standards.
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