U.S. manufacturing showed signs of renewed strength in August, driven by rising new orders and accelerated production. According to new data from S&P Global, the U.S. Manufacturing Purchasing Managers’ Index (PMI) surged to 53.0, marking the highest reading since mid-2021 and a sharp rebound from July’s 49.8.
The United States and the European Union announced that a deal has been reached, demonstrating their commitment to "fair, balanced, and mutually beneficial trade and investment."
China has imposed a 75.8 percent tariff on Canadian canola products, accusing Ottawa of “dumping” underpriced canola seed into the Chinese market to harm domestic farmers. The Chinese Ministry of Commerce announced the measure Tuesday, with implementation beginning Thursday. Beijing’s move is widely viewed as retaliation for Canada’s 100 percent tariff on Chinese electric vehicles (EVs) last year under then–Prime Minister Justin Trudeau.
China has pledged full support to Brazil in resisting President Donald Trump’s escalating tariff policy, calling it a threat to global trade stability and a violation of international law. In a Wednesday phone call, Chinese Foreign Minister Wang Yi offered to deepen strategic cooperation with Brazil against what he called the “external uncertainties” created by the United States.
President Donald Trump announced Wednesday he will impose a 100% tariff on computer chips, aiming to force tech companies to manufacture semiconductors inside the United States. The move threatens to raise prices on consumer goods ranging from smartphones and laptops to cars and kitchen appliances, unless companies shift production to American soil.
