Long before President Trump wielded tariffs as a weapon to punish Indonesia, the country was fighting back a flood of cheap Chinese goods.
Category: Economic Conditions and Trends
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Trump’s Attacks on Powell and the Fed Ripple Through Global Economy
The independence of central banks, which allows policymakers to operate free from political meddling, is considered sacrosanct by investors and economists.
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Has Japan’s ‘Rice Minister’ Brought Down Prices Enough to Save His Party?
Shinjiro Koizumi has scrambled to cut soaring rice prices ahead of a high-stakes election this weekend. Will it be enough to buoy support for the Liberal Democratic Party?
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France Proposes Cutting Two Public Holidays to Avert Budget Crisis
Drastic measures are necessary “before we are crushed by the debt,” the country’s prime minister warned.
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China’s Economy Grows Steadily Despite Trump’s Tariffs
Companies redirected exports through other countries to avoid U.S. tariffs, and policymakers turned up investment in manufacturing and infrastructure.
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Companies in Europe Are Frozen as Tariff Uncertainty Drags On
After European Union leaders said they would keep negotiating instead of immediately retaliating against President Trump’s latest threat, businesses remain unable to develop long-term plans.
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China Is Buying Appliances and iPhones. What Happens When the Subsidies Stop?
Shoppers are taking advantage of a $42 billion government trade-in program aimed at boosting spending. But in recent weeks, some cities have started to cut back on the subsidies.
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How Trump’s Latest Tariff Threat Risks Deeper Damage to Europe’s Economy
Economists had already downgraded growth for the European Union, and the new duties would hit industries there especially hard. Companies are looking for ways to blunt the impact.
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Britain’s Economic Bind: Face Public Disapproval or Investor Wrath
The Labour Party is starting its second year in control of the government with difficult choices over whether to curb spending or raise taxes.
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Can Taiwan Really Disconnect Its Economy From China?
Momentum is building in Taiwan to lessen its business dependency on China, its biggest trading partner. Doing so will not be easy.
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Trump Wants the World to Squeeze Out China. He’s Starting With Vietnam.
An initial trade deal with Vietnam offers a glimpse of how President Trump is pushing countries to cut back on trade with China.
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Del Monte Foods, the Canned Goods Giant, Files for Bankruptcy
The company behind brands like College Inn and Kitchen Basics faces issues including rising debt, changing consumer habits and pandemic missteps.