For Taiwan’s Small Exporters, the Uncertainty’s as Bad as the Tariffs
The island’s many small factories have thrived by being frugal — and flexible. But President Trump’s unpredictability is testing their limits.
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The island’s many small factories have thrived by being frugal — and flexible. But President Trump’s unpredictability is testing their limits.
Xi Jinping, who rules with absolute authority, has shown he is willing to let the Chinese people endure hardship. President Trump revealed he has limits.
Ursula von der Leyen is trying to ensure that if the international trading system is remade, the E.U. is at the center of what comes next.
Soybean producers warn that farms could go under as the Trump administration hits China with new tariffs of 145 percent.
Southeast Asian leaders, their export-driven economies in peril, are trying to placate the president. “We may have to comply,” Thailand’s finance minister said.
If sky-high U.S. tariffs hurt China’s exports, domestic spending will help make up for it, Beijing says. But shoppers were skittish even before the trade war.
The bloc had voted to impose retaliatory measures just before President Trump made his last-minute U-turn. It has now announced a postponement.
President Trump’s auto tariffs remain in place even after he paused many other levies. In Solihull, where Jaguar Land Rover employs 9,000 people and has suspended exports to the United States, residents are anxious.
The lower revenues, a result in part of President Trump’s trade war, could prove more damaging to the Russian economy than the penalties the United States and its allies have already imposed.
But exactly what the country will do remains unclear and the scale of the current disruption makes decision-making difficult.