Even as President Trump heaped additional tariffs on China, his barrage of trade levies on countries across Asia and unpredictability about what he might do next has encouraged some companies to hunker down in China, exactly the opposite of what he had hoped. Mr. Trump has steadily ratcheted up the pressure on China. As of … Read more
The far side of the moon — the part that always faces away from Earth — is mysteriously distinct from the near side. It is pockmarked with more craters and has a thicker crust and less maria, or plains where lava once formed. Now, scientists say that difference could be more than skin deep. Using … Read more
Beijing on Wednesday aimed the latest blow in the escalating trade war between the United States and Washington, with plans to raise new tariffs on all American imports by 84 percent within hours. China’s Ministry of Finance announced that it would match a 50 percent tariff on all imports from China that President Trump announced … Read more
Millions of small investors have piled into India’s stock market in recent years, eager to build wealth by betting on the country’s economic growth. Catchy advertising and easy-to-open online trading accounts have wooed young people and retirees alike, demystifying investing and fueling the exuberance. This week, many of those investors got a rude shock — … Read more
China’s foreign ministry on Wednesday rejected accusations by Ukraine that more Chinese citizens were fighting there on behalf of Russia, calling the assertion “groundless.” President Volodymyr Zelensky of Ukraine had said a day earlier, without providing evidence, that two Chinese men fighting alongside Russian troops had been captured and that there were “many more” on … Read more
The Chinese government on Wednesday issued a lengthy denunciation of American trade policies, accusing the United States of years of protectionism and of violating the trade agreement the two sides had negotiated late in President Trump’s first term. The document was issued by Beijing’s cabinet information office several hours after Mr. Trump raised to 104 … Read more
A doubling of American tariffs on Chinese goods. Nationalist Chinese bloggers comparing President Trump’s levies to a declaration of war. China’s Foreign Ministry vowing that Beijing will “fight to the end.” For years, the world’s two biggest powers have flirted with the idea of an economic decoupling as tensions between them have risen. The acceleration … Read more
An important segment of India’s business community woke up Wednesday to a fright: President Trump had again brandished the threat of tariffs on pharmaceutical imports. “We’re going to be announcing very shortly a major tariff on pharmaceuticals,” he told guests at a dinner held by the National Republican Congressional Committee. India has spent most of … Read more
Chinese censors appeared to be carefully curating public discussion about the U.S. tariffs that took effect on Wednesday. They promoted criticism of the United States, while seemingly playing down the specifics of how President Trump’s move would effectively increase import taxes on Chinese goods to 104 percent. On Weibo, a popular social media platform, several … Read more
For just about everyone in Asia, President Trump’s latest round of severe tariffs is a disaster. Everyone but Liu Gang, who sees this moment as a chance to double down on his electronics factory in the Philippines. “I tell companies: ‘Come to the Philippines,’” Mr. Liu said as he competed to be heard above the … Read more