Funding & Business
How Chinese Manufacturers Are Countering Trump’s Trade War
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President Trump has announced tariffs on basically every trading partner. However there is a real sense that the ultimate goal is to hamper the growing perceived economic threat from China. One vision, for how the trade war could be “won” in some sense is by isolating China from the rest of the world. But that’s not happening. And in fact, if anything, China is deepening its relationship with other trading nations, particularly in Asia right now. On this episode we speak with Cameron Johnson, a partner at the consulting firm Tidalwave Solutions. Cameron is based in Shanghai, and has an on-the-ground perspective on the state of Chinese manufacturing, having worked alongside producers and end buyers. He talks about the scale of Chinese manufacturing dominance, what Chinese firms are doing to counteract the tariffs, and he argues that in artificial intelligence, China is already way ahead in many respects.
Prime Minister Narendra Modi met Chinese President Xi Jinping to reset relations and strengthen ties, with both sides pledging to be partners, not rivals. (Source: Bloomberg)
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The UK can generate almost 25% more in taxes from oil and gas companies through 2050 if the Labour government replaces a contentious windfall levy on North Sea producers as soon as next year rather than waiting, according to an industry lobby group.
“Action is required now,” Offshore Energy UK said in its analysis of the nation’s fiscal policy impacts. The lack of an immediate response risks pushing the sector into “an accelerated decline” that includes a “loss of critical mass” of British oil and gas supply chain capability.
Asian investors may tread cautiously on Monday as uncertainty deepens following a U.S. federal appeals court ruling that President Donald Trump’s sweeping trade tariffs were illegal.
The dollar was steady against major peers in early trading while US equity futures edged higher. Contracts indicate losses for Australian and Japanese shares at the open, and gains in Hong Kong. US bond futures nudged lower, with the cash market closed for the Labor Day holiday.
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