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China, Xi and Trump
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The restaurant chain sources roughly one-third of those products from China, CEO Julie Masino said during an earnings call on Thursday.The number is higher when counting China-made products that Cracker Barrel buys from US-based suppliers,
President Trump's trade war is causing the global economy to slow, with growth now heading for its weakest pace since the COVID-19 pandemic, the OECD warned on Tuesday. The OECD cut its forecasts for most G20 economies and warned that easing trade tensions is key to boosting investment and keeping prices stable.
China's services activity expanded at a slightly faster pace in May, with new orders growing more quickly than in April, a private sector survey showed.
China's allegations come after President Trump on Friday accused the Chinese of violating a May 12 trade pact.
A crash in Chinese coal prices, and a flood of clean energy, are cutting power rates in major industrial hubs, easing pressure on some of the factories caught in the crossfire of trade hostilities with the US.
U.S. exports to China would likely have been $160 billion to $201 billion greater without the seven-year Trump-Biden trade war.
US President Donald Trump has imposed new tariffs on Chinese goods, citing Beijing’s failure to stop the export of chemicals used to produce fentanyl.
So far, China has made no official public threat about weaponizing its dominant position in this segment of the pharmaceutical industry. But Trump’s tariffs on the sector, if imposed, could worsen existing drug shortages and drive up prices for Americans,
At a WTO ministerial meeting in France, Commerce Minister Wang Wentao reiterated China's stance on upholding a multilateral trading system and said WTO has the country's backing for a more important role in global economic governance.
By Emma Rumney LONDON (Reuters) -Popular vape brands like Geek Bar may get more expensive in the U.S. - if you can find them at all. Shipments of vapes from China to the U.S. ground to a near halt in May from a year ago,
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