Trump announces trade deal with Indonesia, 19% tariff
Digest more
China, Donald Trump and Trade Deal
Digest more
External demand continues to support Chinese economic growth, as the first-half trade surplus surged to a new high of $586bn.
We’ve got to be ready’: former Biden envoy offers rare praise for Trump’s tariff strategy towards China in speech at Aspen Security Forum.
Less than half of Trump 2024 voters, 46%, said they would support tariffs on China — one of America’s biggest trading partners — even if they lead to rising prices domestically. Around a third, 32%, said they would only support tariffs if they do not increase prices.
The Chinese economy cooled in the second quarter, but growth was in line with expectations despite pressure from U.S. tariffs.
Batteries Plus CEO Scott Williams said the chain has reduced its reliance on Chinese suppliers for car batteries in order to minimize tariff costs.
China's economy is likely to have cooled in the second quarter after a solid start to the year, as trade tensions and a prolonged property downturn drag on demand, raising pressure on policymakers to roll out additional stimulus to underpin growth.
China's economy expanded 5.3% from a year earlier. Beijing has set an annual target of around 5.0% growth for 2025. On a quarter-over-quarter basis,