The announcement, which will eliminate about 1,200 jobs, came less than a week after the carmaker Stellantis said it would move production of a new vehicle to Illinois from a Toronto suburb.
Category: International Trade and World Market
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G.M.’s Profit Falls on Tariffs and E.V. Costs
The automaker’s shares jumped as investors focused on an upgraded forecast for some financial measures, as well as a lower-than-expected bill for tariffs this year.
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China Has Another Lever to Pull in Showdown With Trump: Factory Lines
In Washington, China hawks say its economy is too weak to withstand a tariff shock. In the city of Yiwu, factories are showing why, for now, that may be a miscalculation.
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Tariffs Are Reshaping China’s Trade. This Tanzanian Sees an Opportunity.
An interview with a 26-year-old entrepreneur, who has taken seven trips to China to buy handbags, clothes and jewelry. “China is the center of everything,” she said.
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Trump Hopes Argentina Can Help Bring Down Beef Prices
President Trump’s plan to import red meat runs counter to his philosophy of increasing domestic production, and has angered cattle ranchers in the United States.
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China’s Economy Held Steady in the Third Quarter, but Consumers Were More Cautious
A further increase in China’s trade surplus failed to fully offset the effects of a worsening housing market, which has left consumers wary.
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Trump Sets Tariffs on Trucks and Buses
Imported light and heavy trucks will be charged 25 percent and buses 10 percent as of Nov. 1, but President Trump also extended tariff exemptions for auto parts.
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Who Will Blink First on Trade: President Trump or Xi Jinping?
Washington and Beijing both need a trade win as steep new tariffs and tough import limits on critical minerals loom.
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China’s Rare Earth Restrictions Aim to Beat U.S. at Its Own Game
Beijing’s latest effort to weaponize global supply chains is modeled on the American technology controls that it has long criticized.
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America Is Heavily Reliant on China for Raw Materials in Medicines
A new analysis found that nearly 700 drugs approved for use in the United States depend on chemicals solely produced in China.
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Trump’s Trade War With China Catches the World in Its Crossfire
Tariffs and other restrictions between the United States and China are reverberating in unpredictable ways.
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Global Growth Remains Sluggish as Tariff Threats Loom
The International Monetary Fund said the impact of trade tensions had been limited so far, but it expects growth to slow.