China’s CPI Flat in July Amid Seasonal PPI Slowdown
China’s CPI held steady year-on-year in July, with monthly CPI up 0.4% and core inflation rising for the third month, while PPI eased on seasonal manufacturing slowdowns.
GlobalEconomy
U.S. Tariff Hikes Spark Fears of Trade Slowdown
On August 7, the U.S. enacted sweeping tariffs, pushing average import duties to 17% and igniting fears of higher consumer costs, a global slowdown, and strained ties with key partners.
Chinese mainland’s July trade surges despite tariff truce uncertainty
July data show the Chinese mainland’s exports and imports beating forecasts as tariff truce with the US nears expiry, signaling resilience and a rebound in domestic demand.
US Public Opinion Shifts Toward Cooperation with the Chinese Mainland
New polling shows more Americans view the Chinese mainland as a trade partner, favoring cooperation over rivalry amid deep economic ties and tariff debates.
EU Suspends €93B US Tariffs Amid Member Dissent
The EU has formally suspended its planned €93 billion retaliatory tariffs on US goods for six months, opening a new chapter in transatlantic trade talks.
US Tariffs Backfire on GM and Stellantis with Billions in Losses
Major US automakers GM and Stellantis report billions in tariff-related losses as Citibank warns of further margin squeezes.
Trump Threatens Higher Tariffs on India Over Russian Oil
Trump warns of higher U.S. tariffs on India over its Russian oil imports; New Delhi vows to safeguard its economic interests.
China and US Advance Stable Economic and Trade Ties
In Stockholm talks, China and the US agreed to extend tariff pauses and deepen cooperation, aiming for a stable, win-win economic and trade relationship.
Experts Propose Institutionalized China-U.S. Trade Talks Amid Tensions
After talks in Geneva, London and Stockholm, experts like Prof. Jeffrey Sachs see potential for institutionalized U.S.-Chinese mainland trade talks to ease tensions and boost economic clarity.
Brazil, India Stand Firm Against U.S. Tariff Threat
Brazil and India push back against looming U.S. tariffs, vowing to defend their economies and explore new markets in response to Washington’s pressure.