Are US president-elect Donald Trump’s threats of tariffs an admission of American economic defeat, a tacit acknowledgement that US manufacturers can no longer compete with foreign rivals and must now find protection behind tariff walls to meet domestic demand? It seems so. Moreover, if Trump’s use of the tariffs as a weapon turns out to … Read more
The value of China’s electric vehicle exports plunged last month to their lowest level since July 2022, driven by tariff challenges in Europe, large declines in shipments to emerging markets and intensified price cuts. Exports were worth US$1.58 billion in November, according to the latest detailed customs data. In July 2022 they were worth US$1.4 … Read more
Unlock the Editor’s Digest totally free Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly e-newsletter. The European Fee has rejected gives by Chinese language electric-vehicle makers to regulate their costs in a bid to keep away from sharply greater tariffs forward of probably pivotal talks between Beijing and Brussels subsequent … Read more
Unlock the Editor’s Digest without cost Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly e-newsletter. Canada’s Prime Minister Justin Trudeau mentioned Ottawa would impose 100 per cent tariffs on imports of Chinese language electrical autos and 25 per cent levies on Chinese language metal and aluminium, in a transfer replicating … Read more
