Toy Industry CEO Warns: Trump’s China Tariffs Could Endanger Christmas!
The president and CEO of the Toy Association stated that President Trump’s 145% tariff on China could jeopardize a child’s Christmas as the two largest economies continue to be entangled in a trade conflict. “Currently, toys aren’t being manufactured in China, and there are indications that significant US retailers are starting to cancel their orders. […]
JPMorgan’s Jamie Dimon urges Trump to engage with China, says trade war risks US credibility
JP Morgan CEO Jamie Dimon urged President Donald Trump to “involve” with China over duel tariffs before the world trade war erodes our credibility. The head of the nation’s largest bank, who has long been the Treasury Secretary, said both sides need to find an off-ramp. “I don’t think there’s any engagement right now. There’s […]
Chinese TikTok users tell people to buy Nike and Lululemon directly from China
R-Calif. Rep. Darrell Issa of the president discusses trade negotiations with more than 100 countries in “The Evening Edit.” According to Bloomberg, it was posted by a video user posted by a Chinese Tiktoc user, suggesting that people should purchase fashion items directly from Chinese factories. The video claims that many apparel brands, such as […]
Rare Earth Minerals Affected by China Export Ban Used in EVs, Green Energy, and Military Tech
China has restricted exports of several important rare earth minerals to the United States in response to President Donald Trump’s increased tariffs. The restrictions do not fall below the complete ban, but will likely delay the delivery of minerals needed by defense, energy and electronic companies. The term “rare earth mineral” is sometimes widely used […]
Johnson & Johnson worried about losses from China tariffs despite projecting $700 million in profits
Johnson & Johnson CEO said Trump’s tariffs on drugs could cause problems in the drug supply chain. In an investor’s call, CEO Joaquin Duato told colleagues that he should work with the Trump administration to address supply chain vulnerabilities that could result from tariffs. The statement appeared to be an effective call for the Trump […]
Hollywood Braces as China to Officially Reduce Import of Films over Trump Tariffs
China will officially cut the number of Hollywood films it imports in response to President Trump’s tariffs on the country. China has been teasing Hollywood film cuts since President Trump enacted his tariffs, but the country didn’t officially make it until late last week when the Chinese Film Administration (CFA) announced that American films would […]
China Accused of Attempting to Sabotage UK’s Final Primary Steel Mill
Accusations of sabotage have swirled the fate of the UK’s ultimate major steel mill, but Beijing has warned London against “turning economic and trade cooperation into political and security issues.” As the British government clearly nationalized the factory with hours of spare time, employees at the Scunthorpe factory in British Steel, the last crumb of […]
US small businesses tethered to China sell off inventory, cut jobs amid escalating trade war: sources
US small and medium-sized businesses with deep ties to China are screaming that they are floating by selling inventory and cutting jobs as the trade war escalates between the two biggest economies in the world. The Trump administration raised tariffs on goods from China to 145% last week. Large companies caught up in Crossfire have […]
China Stops Exports of Rare Earth Minerals Impacting Key Industries
According to some reports, China has stopped exporting several rare earth minerals, important for producing certain products in the high-tech, automotive, aerospace and defense industries. New York Post It has been reported “On April 3, China is no longer exporting seven heavy rare earth metals not only Asian powers but also seven heavy rare earth […]
Larry Summers erupts Trump official blames him for China trade imbalance
Former Treasury Secretary Larry Summers erupted in frustration and rage amid a podcast discussion with current administrative officials who denounced him for the imbalance in trade with China. David Sachs, the newly appointed “crypto Czar” in President Trump’s administration, engaged in a fierce conflict with Summer during a tense exchange About the “All in” podcast […]