April 17, 2025
The statement comes as the White House threatens up to 245% tariffs on Chinese imports due to its retaliatory actions
Many business owners in Guangzhou, which has been dubbed the factory of the world, are hopeful that Trump will roll back the tariffs before the pain really hits China
Nvidia's AI chips have been a key focus of US export controls in an effort to keep ahead in the AI race
Solid consumption and industrial output saw the growth rate at 5.4% year-on-year, but Trump’s tariff shock is likely to hit the crucial export engine
Still, currency markets were a lot calmer in early Asian hours after last week's turmoil that badly bruised the dollar despite a surge in Treasury yields
The Trump administration is setting the stage in a bid to impose tariffs on both sectors over extensive reliance and national security threats
Beijing strikes back with steep tariffs as a deepening US-China trade war rattles global markets and fuels fears of inflation and recession
Consumer confidence plunges as inflation fears soar and trade tensions escalate to levels not seen since the 1980s
