The European Union is considering forcing Chinese firms to hand over technology to European companies if they want to operate locally, in an aggressive new push to make the bloc’s industry more competitive. The measures would apply to companies seeking access to key digital and manufacturing markets like cars and batteries, according to people familiar … Read More
There is broad consensus among Western policymakers that China’s near monopoly on critical minerals represents an urgent strategic vulnerability for the United States and its allies. China processes over 90 percent of the world’s rare earth elements (REE), a subset of critical minerals, raising concerns that it will use its dominance to advance geopolitical goals. … Read More
The average price of a new car in America topped $50,000 for the first time last month, driven by a surge in sales of expensive electric vehicles and luxury models. US car buyers paid an average of $50,080 for a new car in September, up 3.6% from a year ago, according to research released by … Read More
Last month, the Treasury Department reported tariff revenue of $31.7 billion, bringing total tariff collections so far this year to $190 billion, a 160% increase compared to the same period last year. On October 1, the first day of the shutdown, the government collected $315 million from tariffs, according to the Treasury Department’s daily statement. … Read More
Even with tariffs, inflation fatigue, and nonstop economic anxiety, Americans are still determined to make this a merry holiday season. ICSC, formerly the International Council of Shopping Centers, forecasts retail sales will climb 3.5% to 4% from October through December, pushing total spending past $1.7 trillion. According to ICSC’s 2025 Holiday Shopping Intentions Survey, 91% … Read More
The European Commission on Tuesday announced plans to nearly halve the amount of duty-free steel imports, to 18.3 million tonnes per year, while sharply increasing levies on foreign steel falling outside of set quotas to 50%. The new regime, which is set to replace existing steel safeguards due to expire in June next year, would … Read More
U.S. imports of containerized goods in September fell 8.4% from the year earlier, including a 22.9% drop in goods from China, amid ongoing trade ructions from President Donald Trump’s tariff policies, data released on Thursday showed. U.S. seaports handled 2.31 million 20-foot equivalent units (TEUs) of container cargo last month, the third-highest September volume on … Read More
The US economy is withstanding the impact of record protectionism better than expected, the International Monetary Fund said as it prepares its latest assessment of President Trump’s tariffs. Kristalina Georgieva, managing director for the IMF, said on Wednesday that the world’s largest economy had “held up” despite fears that record levels of tariffs on goods … Read More
Some non-U.S. companies have said they are looking at expanding their presence or setting up shop in the United States to mitigate the impact of President Donald Trump’s tariffs on imported goods. Below are some of the plans flagged by those companies. The French industrial gases company flagged an up to $200 million investment in … Read More
Overall, these tariffs help stimulate the economy. If the foreign competition has more barriers of entry, it lends itself nicely to increase domestic manufacturing which in turn creates more jobs and reduces our trade deficit. New Balance, a company that prides itself on manufacturing in the U.S., completed a $65 million expansion to its Skowhegan … Read More
