U.S. President Joe Biden meets Chinese President Xi Jinping on the sidelines of the G-20 leaders’ summit in Bali, Indonesia, on Nov. 14, 2022. Kevin Lamarque | Reuters The Biden administration announced stiff new tariff rates Tuesday on $18 billion worth of Chinese imports. The White House said the tariff hikes were necessary to protect … Read more
New energy vehicles for export at Lianyungang Port, Jiangsu Province, China, on April 25, 2024. Nurphoto | Nurphoto | Getty Images Electric vehicle sales have risen sharply this year, led by growth in China and a strong demand for hybrid vehicles in particular, according to a report from Counterpoint Research. The report, released Monday, showed that sales … Read more
Visitors inspect a Tesla Model Y car during the 40th Thailand International Motor Expo at the Impact Challenger hall in Nonthaburi. Sopa Images | Lightrocket | Getty Images Tesla has a lot going on. A significant slump in sales, stoking concerns among investors and industry analysts, in an EV market where aggressive price cuts have … Read more
The flags of the U.S. and Germany are on the table at a bilateral meeting between German Economics Minister Habeck and U.S. Secretary of State Blinken at a hotel on the Gendarmenmarkt. Photo: Christoph Soeder/dpa (Photo by Christoph Soeder/picture alliance via Getty Images) Christoph Soeder/dpa | Picture Alliance | Getty Images After years of China … Read more
Containers sit at the Yangshan Port in Shanghai, China, Aug. 6, 2019. Aly Song | Reuters BEIJING — China’s customs agency released data Thursday that showed exports rose in-line with expectations in April, while imports surged ahead of forecasts. China’s exports rose by 1.5% year-on-year in April in U.S. dollar terms, while imports climbed by … Read more
French President Emmanuel Macron (R) shakes hands with Chinese President Xi Jinping after delivering a joint statement at the Elysee Palace, as part of the Chinese president’s two-day state visit in France, in Paris on May 6, 2024. The French president his Chinese counterpart for a state visit on May 6, 2024, seeking to persuade … Read more
China’s economic forays into resource rich Central Asia, a region which shares deep historical, political and economic ties with Moscow, has created certain discomfiture in the Russian establishment. In a recent trade meet in Uzbekistan a Russian trade official emphasised that Russia and China were “equal partners with an equal share in trade turnover” in … Read more
People walk in the rain over London Bridge in central London. Picture date: Tuesday March 12, 2024. Lucy North – Pa Images | Pa Images | Getty Images The U.K.’s “sluggish” growth prospects have put it on course to be the worst-performing economy of all advanced nations next year, according to new forecasts from the … Read more
The flag of the United States of America and the flag of the Republic of China. Cbarnesphotography | Istock | Getty Images Americans overwhelmingly hold an unfavorable view of China, with an increasing number labeling the nation as an enemy of the United States, according to a Pew Research Center survey released Wednesday. About 42% … Read more
Robin Hayes, chief executive officer of JetBlue Airways Corp., speaks during an Economic Club of New York event in New York, US, on Wednesday, March 29, 2023. Michael Nagle | Bloomberg | Getty Images Former JetBlue Airways CEO Robin Hayes will run Airbus’s North America arm, replacing Jeffrey Knittel, the airplane maker said Monday. Hayes … Read more
