In the scrum to keep the wheels of trade turning, Chinese companies are pivoting to neighboring countries to escape President Trump’s crippling tariffs. The hustle is on show in Vietnam. Factories that make everything from jeans to Christmas wreaths are trying to get there fast. The ones that have already moved are ramping up. The…
The call from a supervisor came to the steel shop floor in Sheffield, England, on Thursday afternoon: The tariffs were off. “Everything had changed for us,” said Richard Bott, as he stood near stacks of steel slabs still radiating waves of heat from the mill. In a trade deal with Britain announced with much fanfare…
Randy Carr watched the news on his laptop the way you look at a doctor about to administer a shot — nervously and braced for pain. It was April 2, and President Trump was in the Rose Garden about to unveil new tariffs. An upbeat, slightly jacked 52-year-old, Mr. Carr is the chief executive of…
In the sprawling flatlands of Denmark’s Jutland peninsula, near the small town of Give, a family-owned company called Welcon has been gearing up to build giant, cylindrical wind turbine towers for a multibillion-dollar project. The project, a wind farm called Empire Wind, is being built by the Norwegian energy giant Equinor in the waters off…
President Trump announced on Thursday that the United States intended to sign a trade deal with Britain that would bring the two nations closer and roll back some of the punishing tariffs he issued on that country’s products. Both sides consider a trade pact deeply beneficial, and a deal has been under discussion since Mr….
The British government made faster economic growth its No. 1 mission. But efforts to kick-start it have been repeatedly knocked off course by a global economy lurching from one crisis to another. On Thursday, British officials appeared to secure a win. The country is set to announce some form of trade deal with the United…
Russia will celebrate the 80th anniversary of Nazi Germany’s defeat on Friday with visiting heads of state and a show of armed might in Red Square, staged as a display of global clout, grandiose and intimidating, and a portent of eventual triumph in the war against Ukraine. The annual military parade below the walls and…
A year ago, the world’s biggest automaker was on a tear. American consumers were snapping up Toyota Motor’s hybrids, and a weak yen inflated the value of the company’s earnings. That May, Toyota reported the highest annual profit ever recorded by a Japanese firm. On Thursday, Toyota presented a significantly more somber outlook, projecting that…
For Britain’s prime minister, Keir Starmer, the trade deal would offer vindication for his assiduous cultivation of Mr. Trump. During his visit to the Oval Office in February, Mr. Starmer turned up with an invitation from King Charles III for the president to make a rare second state visit to Britain. The Trump administration appears…
By agreeing to meet with the Trump administration to discuss trade, China is seeking to cast itself as the responsible one in a bruising superpower competition that has roiled the global financial system and set off fears of a recession. For weeks, China had publicly said that it would not engage in trade talks with…