Tag: Customs (Tariff)

Plastic Spoons, Umbrellas, Violins: A Guide to What Americans Buy From China

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ITEM Pct. from China Importsfrom China in millions 1 Baby carriages 97% $380 2 Artificial plants 96% $991 3 Umbrellas 96% $491 4 Filing cabinets 96% $88 5 Vacuum flasks 96% $1,634 6 Fireworks 95% $465 7 Children’s picture books 93% $505 8 Portable lighting 91% $901 9 Combs 91% $367 10 Travel kits 90% $42 ITEM Pct. from China Importsfrom China in millions 1 Telephones 42% $50,085 2 Computers 26% $35,473 3 Electric batteries 58% $17,022 4 Other toys 76% $13,463 5 Motor vehicles; parts and accessories 11% $9,059…

The C.E.O. of Detroit Axle Gave Trump’s Tariffs a Chance. Now He’s Nervous.

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Mike Musheinesh gets about 75 percent of the auto parts his company sells from China. But even with plenty to lose in a trade war, Mr. Musheinesh gave President Trump the benefit of the doubt when he started increasing tariffs on the company’s most important trading partner. The president “needs to shake it up, and I’m actually paying for the shake-up,” Mr. Musheinesh said in mid-April. “But at the end,” he added, “I think it’s going to be much better off.” These days, he is less certain. The U.S.-China trade…

Trump Is Breaking the Rule That Every Barroom Brawler Knows

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Provoking your enemies, alienating your friends and actively sabotaging your own defenses is no one’s idea of a sound national security plan. And yet, this is the playbook that President Trump has apparently followed over the first 100 days of his second term. You can see it most clearly in the global fight he kicked off with China. He’s been scrapping for this showdown since before he entered politics, so you’d think that before taking on such a global powerhouse, he’d strengthen every alliance, game out every possible countermeasure and…

China Lifts Punishing Tariffs on Australian Wine

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In a sign of easing tensions between Australia and China, China said Thursday it will lift the tariffs it placed on Australian wine more than three years ago. The tariffs, which were first imposed in 2020 amid a nasty diplomatic spat between Australia and China, had all but vaporized the country’s biggest overseas market, worth 1.2 billion Australian dollars or around $800 million at its peak. Australian winemakers faced desperate hardship and were stuck with a surfeit of big-bodied red wines. The decision to lift the tariffs was announced by…

China’s Exports Surge Are Drawing a Global Backlash

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China’s factory exports are powering ahead faster than almost anyone expected, putting jobs around the world in jeopardy and setting off a backlash that is gaining momentum. From steel and cars to consumer electronics and solar panels, Chinese factories are finding more overseas buyers for goods. The world’s appetite for its goods is welcomed by China, which is enduring a severe downturn in what had been the economy’s biggest driver of growth: building and outfitting apartments. But other countries are increasingly concerned that China’s rise is coming partly at their…

How China Came to Dominate the World in Solar Energy

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China unleashed the full might of its solar energy industry last year. It installed more solar panels than the United States has in its history. It cut the wholesale price of panels it sells by nearly half. And its exports of fully assembled solar panels climbed 38 percent while its exports of key components almost doubled. Get ready for an even bigger display of China’s solar energy dominance. While the United States and Europe are trying to revive renewable energy production and help companies fend off bankruptcy, China is racing…

Biden Calls Chinese Electric Vehicles a Security Threat

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President Biden took steps on Thursday toward blocking internet-connected Chinese cars and trucks from entry to the American auto market, including electric vehicles, saying they posed risks to national security because their operating systems could send sensitive information to Beijing. The immediate action was the opening of a Commerce Department investigation into security threats, which could lead to new regulations or restrictions on Chinese vehicles. But administration officials made clear it was the first step in what could be a wide range of policy responses meant to stop low-cost Chinese…

United States Spurns China for Mexico and Other Allies, Trade Data Shows

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In the depths of the pandemic, as global supply chains buckled and the cost of shipping a container to China soared nearly twentyfold, Marco Villarreal spied an opportunity. In 2021, Mr. Villarreal resigned as Caterpillar’s director general in Mexico and began nurturing ties with companies looking to shift manufacturing from China to Mexico. He found a client in Hisun, a Chinese producer of all-terrain vehicles, which hired Mr. Villarreal to establish a $152 million manufacturing site in Saltillo, an industrial hub in northern Mexico. Mr. Villarreal said foreign companies, particularly…