Swaminathan Aiyar, Consulting Editor, ET Now, says we should expect a Trump win and prepare for it even if that turns out to be wrong. That leads to the worst-case scenario. Suppose immediately he puts a 10% tariff on everybody, 60% on China. Everybody will be obliged to retaliate. The European Union will retaliate. Mr … Read more
Chinese automakers have urged Beijing to hike tariffs on imported European gasoline-powered cars in retaliation for Brussels’ curbs on exports of Chinese-made EVs, the state-backed Global Times newspaper said on Wednesday. In a closed-door meeting on Tuesday also attended by European car companies, China’s auto industry “called on the government to adopt firm countermeasures (and) … Read more
Now that Europe has announced tariffs on China-made electric cars, the continent is bracing to see if the other shoe drops. Will China retaliate with tariffs on European cars, taking aim at German makers such as BMW and Mercedes? Would it put tariffs on agricultural products, targeting Europe’s politically influential farmers? Or luxury goods from … Read more
Commerce Secretary Gina Raimondo proudly held up the progress of American industry on semiconductor manufacturing Sunday, declaring that the U.S. has “out-innovated” China as the two nations fight to advance their domestic technology manufacturing. Semiconductor manufacturing has been a major priority of President Biden’s domestic policy, with Raimondo at the head. Biden has repeatedly held … Read more
Just a quarter of business economists and analysts expect the United States to fall into recession this year. And any downturn would likely result from an external shock – such as a conflict involving China – rather than from domestic economic factors such as higher interest rates. But respondents to a National Association of Business … Read more
Photo: Smith Collection/Gado (Getty Images) The Department of Homeland Security raided the U.S. subsidiary of a Chinese auto parts manufacturer outside of Dayton, Ohio on January 18, 2023. The agency won’t comment about the nature of the search warrant executed against Harco Manufacturing other than that it was part of a federal investigation, the Dayton … Read more
