Exports
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On the day China’s retaliatory tariffs on the US were due to take effect, the world has been blind sided by Donald Trump’s latest bombshell – a blanket 25% tariff on steel and aluminium exports to the US. There are no exceptions. This is an across-the-board levy. Canada, Mexico, and Brazil will be hit hard as major steel exporting…
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Taiwan’s economic growth has long been based on exporting intermediate goods to mainland China for final assembly, but this is now showing signs of change. Taiwan’s monthly exports to China and Hong Kong have registered negative growth since November 2018, according to Taiwan’s official statistics. In January–June 2019, Taiwan’s exports to China and Hong Kong…
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