China, Trump and tariffs
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Recent data shows China’s economy outperforming expectations. But the economy continues to face challenges. TD Asset Management's Haining Zha discusses the outlook for the economy and market
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China has been a fierce critic of sweeping U.S. tariffs that Trump announced on April 2. He later delayed the implementation of most but China, which has said it will respond with its own tariffs on U.S. imports, now faces a deadline next month to negotiate a deal.
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The customized tariff rates were slated to take effect on April 9, but then got delayed 90 days and then postponed again until Aug. 1.
China’s budget deficit climbed to a fresh record in the first half, highlighting intensified government efforts to shore up domestic demand as Donald Trump’s tariffs reduce exports to the US.
Over the first half of 2025, China's exports to the world grew nearly 6% from a year earlier, defying expectations of a broad slowdown.
French spirits maker Remy Cointreau reported its first quarter of sales growth since early 2023 and raised its full-year profit guidance on Friday after damaging Chinese tariffs were reduced.
China’s industrial earnings fell for a second straight month, with authorities set to intensify their drive to rein in excessive competition that’s dragging down prices and compounding the pain from US tariffs.
After a five-year import ban, BYD shrewdly adapted its models to circumvent sky-high taxes, making electric vehicles affordable again.