Despite robust global demand for Chinese goods, domestic consumers are increasingly tightening their wallets. This shift highlights a deeper concern for officials in Beijing, as the nation’s economy leans more heavily on exports to sustain growth.
Wall Street edged upward after President Donald Trump took a more conciliatory tone toward China. Both nations indicated communication lines remain open, providing a reprieve for investors following a steep selloff days earlier.
President Donald Trump signaled that he might cancel a proposed meeting with Chinese leader Xi Jinping during his upcoming trip to South Korea. Citing China’s restriction on essential rare earth exports, he also threatened to impose more tariffs, potentially escalating the conflict between the two nations.
President Donald Trump has threatened economic retaliation against China over its export controls on critical rare earths. He criticized Chinese leader Xi Jinping on social media, saying he no longer sees a reason to meet with Xi later this year.
U.S. retail sales rose by 0.6% in August, surpassing expectations and driven in part by back-to-school shopping. Yet this positive trend unfolds against a backdrop of mounting tariffs, which are beginning to hurt job growth and drive up prices. Experts watch closely to see whether these gains can continue under ongoing trade pressures.
China’s exports to the United States dropped by 33% month-over-month in August, reflecting stronger tariff pressures and trade tensions. Although China’s overall exports maintained a 4.4% year-over-year increase, it fell short of the 5.0% forecast, fueling concerns about ongoing trade dynamics.
Economists at ING see Japan’s rising wages and resilient household spending as potential triggers for a Bank of Japan interest rate hike in October. While the increase in earnings boosts optimism for inflation, political uncertainties and tariff agreements continue to complicate the outlook.
The United States has doubled tariffs on many Indian goods to 50 percent, an increase tied to India’s purchase of Russian oil. This shift comes as President Donald Trump seeks to penalize New Delhi over its economic ties with Moscow.
President Donald Trump has imposed a 50% tariff on Brazilian goods, denouncing the ‘witch hunt’ trial of former President Jair Bolsonaro and signaling personal grievances influencing trade policies.
Global stocks fell sharply after President Trump announced new tariffs on countries including Japan and South Korea, sparking fears of escalating trade tensions. The Dow Jones Industrial Average slid over 400 points on Monday as investors reacted to the surprising move against key U.S. allies.