China growth beats expectations
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Trump, Tariffs and E.U. Deal Harder
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Batteries Plus CEO Scott Williams said the chain has reduced its reliance on Chinese suppliers for car batteries in order to minimize tariff costs.
China has reported its exports accelerated in June as a reprieve on U.S. tariffs prompted a rush of orders by companies and consumers.
The House Foreign Affairs Committee heard testimony on security risks as the U.S. remains 100% import reliant on nearly a quarter of 50 critical minerals dominated by China.
China's economy is likely to have cooled in the second quarter after a solid start to the year, as trade tensions and a prolonged property downturn drag on demand, raising pressure on policymakers to roll out additional stimulus to underpin growth.
Tariffs on Chinese goods have taken effect, and the impact is already noticeable in ports, as cargo volumes are down, leading to supply chain disruptions.
Donald Trump has proposed huge levies on Brazil, prompting an outspoken response from the CEO of Embraer, which builds vital regional airliners.
China has reported that its economy slowed in the last quarter as President Donald Trump's trade war escalated, but it still expanded at a robust 5.2% pace.
A switch to making sneakers in the US from the likes of China and Vietnam is “virtually impossible overnight,” Reebok founder Joe Foster told Yahoo Finance Executive Editor Brian Sozzi in a new episode of the Opening Bid Unfiltered podcast (see video above or listen below). “It’s not something you can just turn the switch on.”