Tag: Customs (Tariff)

U.S. Sanctions Chinese Nationals Over Fentanyl Trafficking

WASHINGTON — The Trump administration on Wednesday imposed sanctions on three Chinese nationals accused of trafficking synthetic opioids, stepping up efforts to curb the flow of fentanyl from China into the United States. The move comes just weeks after President Trump accused China of not doing enough to stop the drug from entering the United […]

Read More

Want to Prevent a Recession, Mr. Trump? Stop Hurting the Economy

Here’s some free advice for President Trump and his economic advisers, who are frantically searching for measures to ward off a recession: Look in the mirror. The White House has reason to worry about the economic outlook. There are clear signs of weakness in recent economic data, and forecasters see an increasing chance that the […]

Read More

The Trump Administration Is Worrying About the Economy. A Look at the Data Shows Why.

President Trump and his advisers are considering options to stimulate the American economy as indicators that the administration previously used to boast of an economic “boom” have fizzled on the back of Mr. Trump’s escalating trade fights. Companies that Mr. Trump has pointed to as signs of economic strength are now warning of weakness. United […]

Read More

Economic Trouble Signs Hang Over Trump’s Trade War

WASHINGTON — Against the backdrop of mounting evidence that the global economy is weakening, President Trump is caught between his desire to pursue the trade war with China he promised to win and his need to keep the economy humming as the 2020 election approaches. That conflict explains some of the messaging from Mr. Trump […]

Read More

Trump Delays a Holiday Tax, but Toymakers Are Still Worried

WASHINGTON — Toymakers breathed a little easier this week when President Trump announced plans to delay tariffs on many goods from China — but their relief may not last long. The delay pushes a new 10 percent tariff on some Chinese imports to December from September, and allows companies and retailers to avoid paying an […]

Read More

Stock Markets, Jolted by Economic Worry, Suffer 2nd Worst Drop of 2019

Trade-war worries hammered financial markets again on Wednesday as data from Germany and China showed trouble for manufacturing-reliant economies, while the bond market renewed fears of an American recession. Stocks and commodities tumbled in Europe and the United States as risk-averse investors raced to the safety of government bonds, pushing bond prices sharply higher and […]

Read More

Stocks Slide as Bond Market Signals Rising Concern About Growth

Stocks dropped on Wednesday, as the bond market signaled rising concern about the economy and data from Germany showed the country could be veering toward a recession. The German government reported that its economy shrank in the three months ending in June. The largest economy in the eurozone, Germany has become particularly vulnerable to the […]

Read More

Trump and Xi Sittin’ in a Tree

I was glad to see the stock market get a boost from the news that Chinese and U.S. trade negotiators were talking again and that President Trump blinked a bit and pulled some of his planned tariffs. But don’t be fooled. Trump and President Xi Jinping of China are still locked in a cage match […]

Read More

Trump’s Push to Bring Back Jobs to U.S. Shows Limited Results

WASHINGTON — From tax cuts to relaxed regulations to tariffs, each of President Trump’s economic initiatives is based on a promise: to set off a wave of investment and bring back jobs that the president says the United States has lost to foreign countries. “We have the greatest companies anywhere in the world,” Mr. Trump […]

Read More

U.S. to Delay Some Tariffs on China

The Trump administration on Tuesday narrowed the list of Chinese products it plans to impose new tariffs on as of Sept. 1, delaying levies on cellphones, laptop computers, toys and other goods and announcing exclusions for other products for reasons of health, safety and national security. The administration said that a new 10 percent tariff […]

Read More

How to Stop Trump’s Trade War Madness

The trade war between the United States and China spiraled out of control last week, with threats from the United States of yet more tariffs — this time on shoes, clothes and cellphones — and a hasty determination to name China a currency manipulator at least five years after it stopped doing so. China responded […]

Read More

China Tries to Teach Trump Economics

If you want to understand the developing trade war with China, the first thing you need to realize is that nothing Donald Trump is doing makes sense. His views on trade are incoherent. His demands are incomprehensible. And he vastly overrates his ability to inflict damage on China while underrating the damage China can do […]

Read More

A Weak Dollar Could Help the U.S. Getting One Isn’t So Easy.

The trade war between Washington and Beijing took an unexpected turn this week as China let its currency drop sharply and the United States responded by officially designating the country a currency manipulator. The confrontation underscored the Trump administration’s focus on weakness in foreign currencies — and the corresponding strength of the dollar — as […]

Read More

Tariff Tantrums and Recession Risks

If the bond market is any indication, Donald Trump’s escalating belligerence on trade is creating seriously increased risks of recession. But I haven’t seen many clear explanations of why that might be so. The problem isn’t just, or even mainly, that he really does seem to be a Tariff Man. What’s more important is that […]

Read More

In Trade War, China’s Hard-Line Stance Risks Economy

BEIJING — The trade war between the United States and China has turned into what is likely to be a long-lasting high stakes duel between two strongmen, each refusing to cave to the other. By allowing the Chinese currency to weaken past a key level this week, China’s leader, Xi Jinping, has adopted a hard-line […]

Read More

How China’s Currency Could Become a Trade War Weapon

A weaker renminbi blunts President Trump’s tariffs on Chinese-made goods. But the strategy carries risks beyond worsening relations with the United States. This article was originally published in 2018 and was updated on Aug. 5 after China’s currency fell. As the United States and China swap threats and mete out increasingly punishing tariffs, the world […]

Read More

Global Stocks Slide After China Lets Currency Dip, Raising Tensions With U.S.

Global stocks dropped sharply on Monday after China let its tightly controlled currency sink to an 11-year low against the dollar, stoking investors’ concerns that Beijing may be using the renminbi as a weapon in the escalating trade war between the world’s two largest economies. On Wall Street, shares tumbled more than 1.5 percent at […]

Read More

China’s Currency Weakens in a Potential Challenge to Trump

BEIJING — China’s currency weakened past the psychologically important point of 7 to the American dollar for the first time in more than a decade, a move that reflects the growing severity of the trade war with the United States and that could indicate Beijing’s growing desire to find ways to retaliate against President Trump. […]

Read More

Trump’s Trade Quagmire (Wonkish)

Remember the Vietnam quagmire? (Actually, I hope many of my readers are young enough that they don’t, but you’ve presumably heard about it.) In political discourse, “quagmire” has come to have a quite specific meaning. It’s what happens when a government has committed itself to a policy that isn’t working, but can’t bring itself to […]

Read More