Tag: China
How will Trump’s Second Presidency Affect the Economy?
Inflation and Tariffs One of the main concerns for voters is how the president will deal with inflation. Trump has promised to ‘defeat’ inflation in the coming years, yet has also made a firm stand on raising tariffs for imported goods. He proposes a 10% tariff on all goods entering the US, with a 60%…
Is Vietnam Poised to be the Next Big Manufacturing Hub?
Basic Current Economic Situation In the last decade, Vietnam has become a very fast-growing economy, registering an annual GDP growth of 7.1% in 2018 (highest following the last decade), and a record-high 8.02% growth in 2022. Their average annual growth rate in 1985 was 3.86%. They were the few countries to still produce growth during…
Biden Administration Proposes 100% Tariffs on Chinese EV Imports
Biden Administration Ramps up Tariffs The Biden administration plans to announce a 100% tariff on Chinese EV imports. This will quadruple the previous tariff rate of 25%. The hike is simply the latest product of the ongoing trade conflict between the US and China. The Biden administration believes that China’s ‘overcapacity’ to manufacture’ is hurting the profitability…
Tesla and Baidu Team Up: Propelling Self-Driving Systems in China
Tesla Enters China Elon Musk and Tesla have reportedly struck a lucrative deal with China’s internet behemoth Baidu, according to Reuters. Baidu Inc., based in Beijing, is a multinational company that produces a variety of internet-related technology. It is the leading search engine in China. Tesla wishes to collaborate with Baidu for a different reason,…
The Chinese Grand Prix 2024
The Chinese Grand Prix 2024 was last sunday, after a 5 year break. For context, Lewis Hamilton had 5 world championships, Kimi Räikkönen was still at Ferrari, Max Verstappen only had 3 wins, and we had never heard of Covid-19. Now, Lewis has 7 world championships, Kimi has retired after racing for Alfa Romeo (now…