China, Trade War
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US and China agree on plan to ease export controls
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The US and China agreed to a framework and implementation plan to ease trade tensions on Tuesday. “We have reached a framework to implement the Geneva consensus,” US Commerce Secretary Howard Lutnick said.
Fast fashion giant Shein is reportedly set to begin boosting its manufacturing in India with a view to bolstering its international supply chains amid the ongoing U.S.-China trade war.
Automakers are slashing prices to win over the public, and top executives are trading barbs. Now, the People’s Daily newspaper – controlled by the Chinese Communist Party – has added its voice by warn
China's factory activity likely contracted for a second month in May, a Reuters poll showed on Friday, suggesting trade tensions with major export markets are weighing on manufacturers' minds as the world's top two economies seek a way out of a tariff war.
Rare earth magnets, which are essential to car manufacturing as well as the defense and home appliance sectors, have started to run short in factories worldwide following China's export restrictions.
A private gauge of China’s manufacturing activity tumbled in May, touching the lowest level since September 2022 as tariffs continue to weigh, despite the U.S. trade truce. The Caixin manufacturing purchasing managers index signaled a contraction for the first time in eight months.
China's manufacturing activity shrank for a second month in May, an official survey showed on Saturday, raising expectations for more stimulus to support the economy amid a protracted trade war with the United States.