One of the 13 Italian pasta companies facing whopping 107% tariffs come January is pleading with the Trump administration to axe its plans – which could force the business to double its prices. An executive with the American branch of Italian pasta giant Rummo told The Post it could only last a month or two … Read More
Beijing officials call China’s current deflationary malaise “involution” — a destructive cycle of intense, self-destroying business competition sparked by excess capacity. According to a Bloomberg News analysis, it feels even more pronounced on the ground. Using data on almost 70 everyday products and services from multiple sources, our analysis showed prices dropped more sharply than … Read More
The National Retail Federation expects Americans to cross a milestone this season, with holiday sales topping $1 trillion for the first time. In the new forecast, the trade association projects that November to December sales will rise between 3.7% and 4.2% from last year, reaching $1.01 trillion to $1.02 trillion. Executives underscored the outsized role … Read More
China’s exports contracted in October, dropping 1.1% from a year earlier, as global demand failed to offset the slump in shipments to the US. Shipments to all nations except the US rose 3.1%, but this was not enough to compensate for the more than 25% decline to America. Chinese exports to the US tumbled 25% … Read More
Executives of steel maker Nucor Corp. have dropped their plan to build a rebar micro mill in the Pacific Northwest because they think some of the company’s other recent investments have given them enough capacity to supply clients in the Western United States. The Nucor team spent nearly $3.2 billion on capital projects last year—which … Read More
The US and South Korea have reached a broad trade deal, both countries have said following talks between their leaders. South Korea’s presidential aide, Kim Yong-beom, said the two sides will reduce reciprocal tariffs from 25% to 15%, as was agreed earlier this year. South Korea will also invest $350bn (£265bn) in the US, including … Read More
Toyota Motor is gearing up to start shipments of American-made models to Japan. The company says the imports are aimed at helping to cut the US trade deficit. Japan’s government pledged to ease trade tension as part of a tariff deal, backed by the private sector. Toyota is one of the companies stepping forward. The … Read More
This week, President Trump signed Agreements on Reciprocal Trade with Malaysia and Cambodia and reached Frameworks for Agreements on Reciprocal Trade with Thailand and Vietnam. These historic deals demonstrate that America can maintain tariffs to lower the goods trade deficit while expanding Americans’ market access. The announcement was immediately met with widespread praise from American … Read More
Trump’s words are not mere political theatre. They are policy. They are a vision for an America-first industrial economy that sees even close allies like Canada as competitors rather than collaborators. The implications are enormous — and Canada must now face that reality without illusions or nostalgia. The “Made in America” doctrine, strengthened through aggressive … Read More
Six months into Donald Trump’s trade war, the resilience of Chinese exports is proving just how essential many of its products remain even after US levies of 55%. Every day, about a billion dollars worth of goods is crossing the Pacific from China to the US, with the amount ticking up in September from August. … Read More
