Xi Jinping and Narendra Modi held their first meeting since Donald Trump returned to power, with the longstanding Asian rivals pledging deeper cooperation as they deal with the economic fallout from the US trade war https://t.co/XJ4jPGEt69 ...

CHINA TIES. THIS IS PRESIDENT XI JINPING AND PRIME MINISTER MODI. BEFORE THE TRIP TO CHINA THOUGH, MODI IS HEADING TO JAPAN FOR A TWO DAY VISIT.HE IS SCHEDULED TO MEET WITH HIS JAPANESE COUNTERPART AND GOVERNORS OF SOME OF THE PREFECTURES. SOURCES TELL BLOOMBERG THAT MODI IS EXPECTED TO SECURE NEARLY $70 BILLION WORTH OF INVESTMENT PLEDGES FROM TOKYO AS HE SEEKS TO BOLSTER NEW DELHI'S ECONOMY AGAINST SOARING U.S. TARIFFS. THE TWO SIDES ARE SAID TO BE SIGNING AN ECONOMIC SECURITY PACT COVERING COOPERATION ON ...

The Canadian economy contracted for the first time in nearly two years as the trade war with the US pinched exports and business investment https://t.co/NJTnRSzRkc ...

The problem with generalized tariffs on all goods coming into the United States 10% or higher is that every consumer has to pay more. That means every consumer effectively is poorer. Faces a larger tax. It is not just a large tax.It's also a regressive tax in the sense that consumers who have lower incomes have to pay a larger portion of their incomes in the form of this tariff tax. That means that everybody around the economy are not just the exporters to the United States, but also United States companies ...

Industry Overview - China's rare earths producers experienced a surge [1] - The surge follows government plans for stricter controls on the rare earths industry [1] Geopolitical Implications - The rare earths industry has played a crucial role in China's trade war with the US [1]

Trade Policy Impact - US President imposed tariffs on imports from Canada [1] - Small businesses are bearing the costs of the trade war following the tariff announcement [1]

Since US President Donald Trump waged a trade war against both countries, India and China have accelerated their efforts to repair ties with each other. Here's what you need to know https://t.co/L9cHwDg3gB ...

Core Insights - The PlayStation 5, released in November 2020, is experiencing a price increase nearly five years into its lifecycle, with prices rising by $50 for each model [3][4] - The price hike is effective from August 21, providing minimal notice to consumers [3] - Sony cites a challenging economic environment as the reason for the price increase, without specifying details [4] Pricing Changes - PlayStation 5: $499.99 > $549.99 [5] - PlayStation 5 Digital Edition: $449.99 > $499.99 [5] - PlayStation 5 Pro: $699.99 > $749.99 [5] Economic Context - The current global economy has disrupted traditional tech pricing norms, making it uncertain whether consoles will be more expensive at launch [3] - Factors contributing to the price increase include inflation, trade wars, and overall economic uncertainty [4]

Core Insights - The article highlights the unprecedented challenges faced by U.S. soybean farmers due to climate disasters, rising costs, and the impact of U.S. government tariff policies leading to a significant decline in international demand, particularly from China [1][2][4] Group 1: Market Dynamics - U.S. soybean is a crucial agricultural product, with China being its largest buyer, importing approximately 221.3 million tons from the U.S. in 2024, compared to less than 6 million tons from Mexico, the second-largest market [1] - Since the imposition of tariffs by the Trump administration in 2017, China has significantly reduced its purchases of U.S. soybeans, resulting in a drastic drop in U.S. soybean exports, which fell to a 20-year low of only 3 million tons sold as of July 24 [1][2] Group 2: Supply Chain Challenges - Brazil has secured significant soybean supplies for September and October, totaling 800 million tons and 400 million tons respectively, which constitutes nearly half of China's expected demand for those months, further squeezing U.S. export opportunities [2] - The U.S. soybean market typically sees sales begin on October 1, but the current tariff situation has led to China not purchasing any U.S. soybeans this year, severely impacting U.S. farmers [2] Group 3: Agricultural Conditions - U.S. soybean and corn crops are suffering from adverse weather conditions, including excessive rainfall leading to pest infestations and crop diseases, which have delayed planting and reduced yield potential [4][5] - Farmers are incurring additional costs to manage these challenges, such as purchasing propane to dry corn, further straining their financial situation [5] Group 4: Economic Pressures - The prices of U.S. agricultural products have been declining over the past three years due to factors like reduced cattle herds and lower ethanol production, while costs for seeds, fertilizers, land, and machinery continue to rise [5] - The economic conditions for U.S. agriculture are reportedly more challenging than during the previous trade war period under the Trump administration [5] Group 5: Government Response - The Trump administration has proposed $60 billion in subsidies over the next decade to support farmers, but this has faced criticism for benefiting large producers over family farms and for not adequately addressing the immediate export challenges [7] - Despite calls for increased soybean purchases from China, market analysts question the feasibility of such transactions given China's established supply chain with Brazil [6][7]

Sector Performance - Two of Canada's most vulnerable sectors to the US trade war experienced strong sales in the second quarter [1] - This strong sales performance reversed an earlier tariff-driven slump [1]