News

Trump Loses First Round of Trade War as US Economy Shrinks, China's Grows
In a week when President Donald Trump wanted headlines about wins, he got one about economic losses—while the rival he set ...
China quietly exempts about a quarter of U.S. imports from tariffs
China has quietly started to exempt some US goods from tariffs that likely cover around $40 billion worth of imports, in what ...
Xi says China's economy should adapt to external changes
BEIJING (Reuters) -Chinese President Xi Jinping called on Wednesday for action to adjust to changes in the international ...
Penfolds or a smooth Ningxia red? China’s wine tastes are changing
Australian wine has long been a favourite in China, but an economic downturn along with a government push to “Shop in China” ...
Foreign Affairs3h
Will China Escalate?
The perception that China likely does not face an existential threat from the United States has had a stabilizing effect on ...
US economy risks losing billions as travel demand weakens, analysts warn
Weakening travel demand, signaled by grim earnings forecasts of travel-related companies, may erase billions of dollars from ...
Elon Musk Says Will Come As A 'Surprise To Most' As China's Economy Surpasses US And EU Amid Rising Tariffs And Growing Recession Fears
CEO Elon Musk drew attention on Tuesday to economic data showing China’s economy has significantly outgrown both the United ...
MoneyWeek2h
The unravelling of US-China trade – what will it mean for the economy?
Bilateral trade was worth $582 billion in 2024. The US imports $41 billion worth of smartphones a year from China, or 73% of imports in the category. With laptops, it’s $32 billion at 66%.