trump tariffs season hit 2025 costs home trumps banned deal

China’s Leninist industrial policy is creating instability at home and abroad | George Magnus

Overcapacity – from electric vehicles to high-speed rail to housing – is destroying profits as well as GDP China’s astounding technological success in mass-producing quality electric vehicles (EVs) sits alongside a serious flaw in its industrial model: overcapacity.It has the capacity to produce about three times as many units as it can sell at home. The consequences so far have included widespread price cutting, large losses, misallocation of capital, and surging low-cost EV exports leading to trade conflict. Continue reading...

Comments

Similar News

Chinese nationals charged with exporting Nvidia AI chips to China

about 12 hours ago

China Is a Nation of Savers. Many Are Drowning in Debt.

about 12 hours ago

New Illness Spreading In China: What To Know About The Chikungunya Virus

about 19 hours ago

Contra China’s ‘Time Bomb’ U.S. Spying Concerns, Trade Is Peaceful

US copper tariffs risk widening China’s lead in metals processing, executives warn

Trump is the gift that keeps giving to China

Trump pressures China and India to stop buying cheap Russian oil

China warns EV makers to stop price-cutting to protect the economy

China And The EU Move Forward On Green Energy Without The U.S.

Germany’s biggest sports retailer considers moving production into China

China rejects US demands to stop buying Russian, Iranian oil

Apple’s iPhone Sales Soar Despite China Tariff Pressure (and Because of It)

Tariffs on Taiwan stir fears over waning US support against China

With New 40% Tariff, Trump Takes Aim at U.S. Dependence on China’s Factories

China's military tried to buy Nvidia chips for AI servers and a robot dog, documents show

China's fiery baijiu spirit evolves to attract younger drinkers

Apple quietens Wall Street’s fears of China struggles and slow AI progress

China’s fast-fashion capital slows down under Trump’s trade war

Panama files lawsuits against owner of ports at centre of US-China struggle

China’s Research Masks A Military Agenda From Alaska To Manila

Business News

Thousands flock to website that helps reunite people with ‘lost’ cash windfalls

Evening Standard

Thousands flock to website that helps reunite people with ‘lost’ cash windfalls

Sabadell shareholders approve £2.65 billion sale of TSB to Santander

Evening Standard

Sabadell shareholders approve £2.65 billion sale of TSB to Santander

Major clean power plant serving L.A. goes fully online in Kern County

Major clean power plant serving L.A. goes fully online in Kern County

about 1 hour ago

Disney tops earnings forecasts after major deals with NFL, WWE

Disney tops earnings forecasts after major deals with NFL, WWE

about 1 hour ago

McDonald’s sales bounce back from drastic declines as value meals win over anxious US customers

McDonald’s sales bounce back from drastic declines as value meals win over anxious US customers

about 1 hour ago

Apple commits another $100B to US manufacturing as Trump tariffs hit India

Apple commits another $100B to US manufacturing as Trump tariffs hit India

about 1 hour ago

Thousands flock to website that helps reunite people with ‘lost’ cash windfalls

Thousands flock to website that helps reunite people with ‘lost’ cash windfalls

about 1 hour ago

Starmer defends handling of economy but declines to rule out tax hikes

Evening Standard

Starmer defends handling of economy but declines to rule out tax hikes

about 2 hours ago

Bank of England ready to cut interest rates as jobs market slows, experts say

Evening Standard

Bank of England ready to cut interest rates as jobs market slows, experts say

about 2 hours ago

Russia asks Central African Republic to replace Wagner with state-run Africa Corps and pay for it

Russia asks Central African Republic to replace Wagner with state-run Africa Corps and pay for it

about 3 hours ago

Voices: ‘The whole tax system needs radical reform’: Readers weigh in on Reeves’ fiscal trilemma

Voices: ‘The whole tax system needs radical reform’: Readers weigh in on Reeves’ fiscal trilemma

about 3 hours ago

Despite Recent Injury Absence, Aaron Judge Retains Lead In AL MVP Race

Despite Recent Injury Absence, Aaron Judge Retains Lead In AL MVP Race

about 3 hours ago

The Beatles Continue To Defy Time On The Charts

The Beatles Continue To Defy Time On The Charts

about 3 hours ago

Alice Cooper Rocks Back To No. 1

Alice Cooper Rocks Back To No. 1

about 3 hours ago

Rachel Zegler Revives A Theater Classic And Scores A Rare Chart Smash

Rachel Zegler Revives A Theater Classic And Scores A Rare Chart Smash

about 3 hours ago

Several Black Sabbath Classics Climb To All-Time New Peak Positions

Several Black Sabbath Classics Climb To All-Time New Peak Positions

about 3 hours ago

Here’s ‘Wednesday’ Season 2’s Surprising Rotten Tomatoes Score

Here’s ‘Wednesday’ Season 2’s Surprising Rotten Tomatoes Score

about 3 hours ago

Tackling The Epidemic Of Violence And Abuse Against Service Workers

Tackling The Epidemic Of Violence And Abuse Against Service Workers

about 3 hours ago

Miley Cyrus’s Grammy-Winning Smash Mounts A Comeback

Miley Cyrus’s Grammy-Winning Smash Mounts A Comeback

about 3 hours ago

Ben Griffin Enters FedExCup Playoffs With A Tailwind

Ben Griffin Enters FedExCup Playoffs With A Tailwind

about 3 hours ago

Why Brandon Carlson’s Value In Thunder’s Frontcourt Shouldn’t Be Overlooked

Why Brandon Carlson’s Value In Thunder’s Frontcourt Shouldn’t Be Overlooked

about 3 hours ago

The Luigi Mangione Effect—Why Trucking Defense Must Adapt For Gen Z

The Luigi Mangione Effect—Why Trucking Defense Must Adapt For Gen Z

about 3 hours ago

‘Wednesday’ Season 2 Only Has Four Episodes? Here’s When Part 2 Comes To Netflix

‘Wednesday’ Season 2 Only Has Four Episodes? Here’s When Part 2 Comes To Netflix

about 3 hours ago

Should Kids Use ChatGPT AI For School? Parents Are Divided

Should Kids Use ChatGPT AI For School? Parents Are Divided

about 3 hours ago

Uncorking Uruguay: Where Winemaking Roots Meet Modern Exploration

Uncorking Uruguay: Where Winemaking Roots Meet Modern Exploration

about 3 hours ago

Why Is ‘Wednesday’ Season 2 Split Into Two Parts? The Creators Explain

Why Is ‘Wednesday’ Season 2 Split Into Two Parts? The Creators Explain

about 3 hours ago

Fears for Claire’s stores after US owner files for bankruptcy

Evening Standard

Fears for Claire’s stores after US owner files for bankruptcy

about 4 hours ago

Starmer defends handling of economy but declines to rule out tax hikes

Evening Standard

Starmer defends handling of economy but declines to rule out tax hikes

about 4 hours ago

Edmunds: The best used hybrid sedans for under $25,000

Edmunds: The best used hybrid sedans for under $25,000

about 4 hours ago

Japan's Honda forecasts drop in profits despite strong US auto sales

Japan's Honda forecasts drop in profits despite strong US auto sales

about 4 hours ago

6 months after toxic mine spill in northern Zambia, US Embassy orders personnel out of the area

6 months after toxic mine spill in northern Zambia, US Embassy orders personnel out of the area

about 4 hours ago

McDonald's posts better-than-expected sales as chicken strips, Minecraft meal drive traffic

McDonald's posts better-than-expected sales as chicken strips, Minecraft meal drive traffic

about 4 hours ago

The simple devices that could help lower car insurance for young drivers

The simple devices that could help lower car insurance for young drivers

about 5 hours ago

Jewellery retailer Claire's struggles to land bid for British chain

Jewellery retailer Claire's struggles to land bid for British chain

about 5 hours ago

Obamacare Insurer Oscar Health, Hit By Higher Costs, Sees 2026 Rebound

Obamacare Insurer Oscar Health, Hit By Higher Costs, Sees 2026 Rebound

about 5 hours ago

Aldi loses UK’s cheapest supermarket title – Which chain is the cheapest?

Evening Standard

Aldi loses UK’s cheapest supermarket title – Which chain is the cheapest?

about 6 hours ago

Fears for Claire’s stores after US owner files for bankruptcy

Evening Standard

Fears for Claire’s stores after US owner files for bankruptcy

about 6 hours ago

UK construction work drops at fastest rate in five years, survey shows

Evening Standard

UK construction work drops at fastest rate in five years, survey shows

about 6 hours ago

Glencore to stick with main listing in boost to London market

Evening Standard

Glencore to stick with main listing in boost to London market

about 6 hours ago

Asian shares trade mostly higher after stocks on Wall Street extend losses

Asian shares trade mostly higher after stocks on Wall Street extend losses

about 6 hours ago

Naomi Osaka Reaches Canadian Open Semifinal, Faces Clara Tauson Next

Naomi Osaka Reaches Canadian Open Semifinal, Faces Clara Tauson Next

about 7 hours ago

U.S. Has Top 2 Surpluses With Switzerland Ever As Trump Threatens Tariffs

U.S. Has Top 2 Surpluses With Switzerland Ever As Trump Threatens Tariffs

about 7 hours ago

Chancellor warned ‘tax rises needed to fill £51bn black hole in public finances’

Evening Standard

Chancellor warned ‘tax rises needed to fill £51bn black hole in public finances’

about 8 hours ago

Hiscox profits fall after £128m claims hit from LA wildfires

Evening Standard

Hiscox profits fall after £128m claims hit from LA wildfires

about 8 hours ago

Evening Standard

Myprotein owner THG cuts profit outlook after deal to sell flavourings brand

about 8 hours ago

The huge number of first-time buyers relying on parents for a deposit revealed

The huge number of first-time buyers relying on parents for a deposit revealed

about 8 hours ago

HYBE Chairman Bang Si-Hyuk Apologizes In Leaked Email To Employees

HYBE Chairman Bang Si-Hyuk Apologizes In Leaked Email To Employees

about 8 hours ago

People’s Tribunal To Consider Dire Situation Of Women In Afghanistan

People’s Tribunal To Consider Dire Situation Of Women In Afghanistan

about 8 hours ago

‘Wednesday’ Season 2, Part 1 Review: A Delightfully Macabre Return To Nevermore

‘Wednesday’ Season 2, Part 1 Review: A Delightfully Macabre Return To Nevermore

about 8 hours ago

‘Wednesday’ Season 2 Is Now Streaming - How To Watch Episodes 1-4

‘Wednesday’ Season 2 Is Now Streaming - How To Watch Episodes 1-4

about 8 hours ago

Illinois Enacts AI Mental Health Law That Shakes Up AI Makers And Is The Starting Wave Of A Regulatory Tsunami On AI Therapy

Illinois Enacts AI Mental Health Law That Shakes Up AI Makers And Is The Starting Wave Of A Regulatory Tsunami On AI Therapy

about 8 hours ago

Seaside town terrorised by kids as young as eight hires private security firm to tackle gangs

Seaside town terrorised by kids as young as eight hires private security firm to tackle gangs

about 8 hours ago

Damson Madder’s flattering midi dress gets me so many compliments and is now 50% off

Damson Madder’s flattering midi dress gets me so many compliments and is now 50% off

about 8 hours ago

Olivia Attwood raves about £90 solitaire ring that ‘looks like real diamonds’

Olivia Attwood raves about £90 solitaire ring that ‘looks like real diamonds’

about 8 hours ago

Inside UK's tallest gothic tower in the world on sale as family home for £2.78m

Inside UK's tallest gothic tower in the world on sale as family home for £2.78m

about 8 hours ago

Next's lightweight raincoat is perfect for 'warmer days and light showers'

Next's lightweight raincoat is perfect for 'warmer days and light showers'

about 8 hours ago

Zara adverts showing models who appeared to be ‘unhealthily thin’ banned by ASA

Evening Standard

Zara adverts showing models who appeared to be ‘unhealthily thin’ banned by ASA

about 9 hours ago

FTSE 100 Live 06 August: Chancellor told taxes must rise, Legal & General posts results

Evening Standard

FTSE 100 Live 06 August: Chancellor told taxes must rise, Legal & General posts results

about 9 hours ago

Metro Bank returns to profit after cutting costs and boosting lending

Evening Standard

Metro Bank returns to profit after cutting costs and boosting lending

about 9 hours ago

RFK Jr. Cancels $500 Million In Federal Funding For mRNA Vaccine Research

RFK Jr. Cancels $500 Million In Federal Funding For mRNA Vaccine Research

about 10 hours ago