The Upstate region of South Carolina was saved by foreign companies after the fall of its textile industry. Now, tariffs pose another round of uncertainty.
Union County, S.C., has not fared nearly as well as nearby areas in reviving its economy after the textile industry collapsed. But in recent years it has recruited some companies, and many locals don’t want to turn back the clock.
A trade war with China and tariff threats on other countries are ramping up pressure on stores that sell products from overseas — which, for some categories, is just about all of them.
A trade war with China and tariff threats on other countries are ramping up pressure on stores that sell products from overseas — which, for some categories, is just about all of them.
The island’s many small factories have thrived by being frugal — and flexible. But President Trump’s unpredictability is testing their limits.
Alex Tang, right, employs about a dozen people at Aegis CNC, which makes manufacturing equipment in Taichung, Taiwan. He does not export directly to the United States, but many of his customers do.
Xi Jinping, who rules with absolute authority, has shown he is willing to let the Chinese people endure hardship. President Trump revealed he has limits.
In the usually steady government bond market, the yield on the 10-year Treasury has risen to about 4.5 percent from less than 4 percent at the end of last week.
The uncertainty of higher tariffs has spurred Germany, Italy, Portugal and Spain to announce financial lifelines for businesses and workers. More countries are expected to follow.
Xi Jinping, who rules with absolute authority, has shown he is willing to let the Chinese people endure hardship. President Trump revealed he has limits.
Xi Jinping has refused to back down in China’s tariff confrontation with President Trump. But he’ll have to persuade his people that the pain is worth it.
By placing migrants in Social Security’s “death master file,” the Trump administration is seeking to cut off their access to credit cards, bank accounts and other financial services.
Xi Jinping has refused to back down in China’s tariff confrontation with President Trump. But he’ll have to persuade his people that the pain is worth it.
An “order” button was removed from Tesla’s Chinese website after Beijing raised tariffs on U.S. imports in response to President Trump’s levies against the country.
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