China

US: A Surge in Imports Leaves a Big Mark on Q1 GDP

May 29, 2025
The second release of first quarter real GDP growth was left broadly unchanged, showing a very modest contraction of 0.2% quarter-over-quarter annualized (previously -0.3%) – a tenth below the consensus forecast. Recall, this is a notable deceleration from the 2.9% annualized rate of expansion averaged over the prior two quarters and is the first quarterly […]

Tesla stock rises on robotaxi service launch plans

May 29, 2025
Investing.com — Tesla (NASDAQ:TSLA) shares edged up 1% after-hours following reports that the electric vehicle giant is targeting a launch date of June 12 for its highly anticipated robotaxi service in Austin, Texas. According to a Bloomberg article citing an individual familiar with the matter, Tesla’s move towards initiating its driverless vehicle service is a […]

Controversial military personnel nominee faces Senate panel this week

May 12, 2025
Senate lawmakers on Tuesday will consider the controversial nomination of retired Army Brig. Gen. Anthony Tata to oversee military personnel policies, a key leadership post which has been open through the first 100 days of President Donald Trump’s second term in office. Tata was originally nominated for the Under Secretary of Defense for Personnel and […]

US-UK trade deal: How good is Trump’s deal for America?

May 12, 2025
The Trump administration, which has seen markets panic at its tariff announcements, was eager to sell the announcement as significant, describing it as a "breakthrough". In the UK, Sir Keir Starmer, who also has incentive to want to be seen as a solid negotiator, called it "historic", while noting there was more work to be […]

China, America, And India Compete Over Gulf Energy

May 12, 2025
The Yemeni Houthis' attacks on shipping in the Middle East have not only triggered an international … More supply chain crunch, but also raised questions about China's role and immunity. Getty Images President Donald J. Trump will set off on a trip to the Middle East to try to do what Biden could not: corral […]

Trump Says He’s Willing to Lower China Tariffs at Some Point

May 12, 2025
(Bloomberg) — Supply Lines is a daily newsletter that tracks global trade. Sign up here. Most Read from Bloomberg President Donald Trump said he is willing to lower tariffs on China at some point because the levies now are so high that the world’s two largest economies have essentially stopped doing business with each other. […]

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