Latest from Finbarr Bermingham
American figures show that since a ‘goodwill’ purchase of soybeans before the G20 summit, China’s purchases of US farm goods have declined.
American figures show that since a ‘goodwill’ purchase of soybeans before the G20 summit, China’s purchases of US farm goods have declined.
A special epilogue podcast episode reveals how world trade changed in a year of tariffs and trade war between the US and China, and asks: will things ever be the same again? Vietnam has been revealed as a key beneficiary of the trade war, but how are other nations changing, and what will be the impact on the 2020 US election?
A special epilogue podcast episode reveals how world trade changed in a year of tariffs and trade war between the US and China, and asks: will things ever be the same again? Vietnam has been revealed as a key beneficiary of the trade war, but how are other nations changing, and what will be the impact on the 2020 US election?
The consumer price index (CPI) stayed at 2.7 per cent in June, the same as in May, while the producer price index (PPI) fell to the brink of deflation at 0.0 per cent.
The consumer price index (CPI) stayed at 2.7 per cent in June, the same as in May, while the producer price index (PPI) fell to the brink of deflation at 0.0 per cent.
Logistics company DHL examined freight volumes for early-cycle commodities such as car bumpers, touch screens for mobile devices and brand labels for clothes.
Logistics company DHL examined freight volumes for early-cycle commodities such as car bumpers, touch screens for mobile devices and brand labels for clothes.
A year after the tit-for-tat tariff war that upended the global trading system began, few experts believe China’s relationship with the United States will improve any time soon.
A year after the tit-for-tat tariff war that upended the global trading system began, few experts believe China’s relationship with the United States will improve any time soon.
As firms rush to avoid Donald Trump’s tariffs and other geopolitical volatility, the trend of deglobalisation is accelerating, leading to a complete shift in global trade.
As firms rush to avoid Donald Trump’s tariffs and other geopolitical volatility, the trend of deglobalisation is accelerating, leading to a complete shift in global trade.
Samsung, Lotte, Kia and Hyundai are gradually winding down their China business due to political risks, tariffs and losing market share.
Samsung, Lotte, Kia and Hyundai are gradually winding down their China business due to political risks, tariffs and losing market share.
While meeting at the G20 in Osaka, Japan, presidents Donald Trump and Xi Jinping agreed to resume negotiations to end the US-China trade war and that the US would not add new tariffs on Chinese imports. The South China Morning Post political economy team members Cissy Zhou and Finbarr Bermingham discuss the implications of these developments, and who the winners and losers of the year-long trade war have been so far.
While meeting at the G20 in Osaka, Japan, presidents Donald Trump and Xi Jinping agreed to resume negotiations to end the US-China trade war and that the US would not add new tariffs on Chinese imports. The South China Morning Post political economy team members Cissy Zhou and Finbarr Bermingham discuss the implications of these developments, and who the winners and losers of the year-long trade war have been so far.
Purchasing managers’ index unchanged from May at 49.5, suggesting further contraction in the sector.
Purchasing managers’ index unchanged from May at 49.5, suggesting further contraction in the sector.
How a kitchen tool can teach you about tariff exemptions, innovation, patents and explain how China’s supply chains are unique in the world
How a kitchen tool can teach you about tariff exemptions, innovation, patents and explain how China’s supply chains are unique in the world
Why would an American entrepreneur choose to manufacture handbags in China? Why are shipments of gaming hardware from Hong Kong to New York being locked up?
Why would an American entrepreneur choose to manufacture handbags in China? Why are shipments of gaming hardware from Hong Kong to New York being locked up?
How Hong Kong’s logistics and service economy is being battered by the effects of the US-China trade war
How Hong Kong’s logistics and service economy is being battered by the effects of the US-China trade war
The march of manufacturing out of China continues, and it’s causing a labour shortage and an overheated real estate market in neighbouring Vietnam
The march of manufacturing out of China continues, and it’s causing a labour shortage and an overheated real estate market in neighbouring Vietnam
How tariffs are unravelling supply chains that stretch from Shanghai to North Carolina, forcing American and Chinese manufacturers to change, cancel or make new plans
How tariffs are unravelling supply chains that stretch from Shanghai to North Carolina, forcing American and Chinese manufacturers to change, cancel or make new plans
Investigating the roots of the US-China trade war, and how washing machines – plus a policy aimed at returning manufacturing jobs to the US – impacts consumers and the people selling them new appliances
Investigating the roots of the US-China trade war, and how washing machines – plus a policy aimed at returning manufacturing jobs to the US – impacts consumers and the people selling them new appliances
October 2018 to May 2019 saw second largest spike in trade barriers on record, with 20 new restrictions between the G20 covering trade worth US$335.9 billion.
October 2018 to May 2019 saw second largest spike in trade barriers on record, with 20 new restrictions between the G20 covering trade worth US$335.9 billion.
Import traffic at America’s busiest port, the Port of Long Beach in California, drop in May despite an increase in US tariffs on Chinese goods.
Import traffic at America’s busiest port, the Port of Long Beach in California, drop in May despite an increase in US tariffs on Chinese goods.
Separation is under way in manufacturing, technology and investment, and while it predates the trade war, the Trump tariffs have acted as turbo-boosters.
Separation is under way in manufacturing, technology and investment, and while it predates the trade war, the Trump tariffs have acted as turbo-boosters.
New data showed that its non-oil exports fell by 15.9 per cent with exports to China and Hong Kong down 23.3 per cent and 24.8 per cent respectively.
New data showed that its non-oil exports fell by 15.9 per cent with exports to China and Hong Kong down 23.3 per cent and 24.8 per cent respectively.
Industrial production grew by 5.0 per cent in May from a year earlier, down from 5.4 per cent last month and the lowest reading since 2002.
Industrial production grew by 5.0 per cent in May from a year earlier, down from 5.4 per cent last month and the lowest reading since 2002.
May’s manufacturing purchasing managers’ index (PMI) dropped to 49.4, the first time it has dipped into negative territory since February.
May’s manufacturing purchasing managers’ index (PMI) dropped to 49.4, the first time it has dipped into negative territory since February.
The manufacturing purchasing managers’ index (PMI), a gauge of sentiment among factory operators, fell to 49.4 in May.
The manufacturing purchasing managers’ index (PMI), a gauge of sentiment among factory operators, fell to 49.4 in May.
Research from the International Monetary Fund finds that US importers ‘almost entirely’ bear the cost of tariffs, which are then passed on to the consumer.
Research from the International Monetary Fund finds that US importers ‘almost entirely’ bear the cost of tariffs, which are then passed on to the consumer.
Chinese manufacturers would normally be expecting Christmas orders from US clients about now, but trade war uncertainty is forcing them to change plans.
Chinese manufacturers would normally be expecting Christmas orders from US clients about now, but trade war uncertainty is forcing them to change plans.
Industrial production growth – the output of the industrial sectors in China’s economy, including manufacturing – fell to 5.4 per cent in April from 8.5 per cent in March.
Industrial production growth – the output of the industrial sectors in China’s economy, including manufacturing – fell to 5.4 per cent in April from 8.5 per cent in March.
Beijing has been working on the exemptions for six months, but roll-out signals trade war has gone further than it expected.
Beijing has been working on the exemptions for six months, but roll-out signals trade war has gone further than it expected.
Exporters from China woke up to the news that Trump is pressing forward with the ‘nuclear option’ in the long-running trade war.
Exporters from China woke up to the news that Trump is pressing forward with the ‘nuclear option’ in the long-running trade war.
Chinese exporters bemoan uncertainty amid claims of ‘cut throat’ treatment and ‘blackmail’ caused by new 25 per cent tariff imposed by US President Donald Trump.
Chinese exporters bemoan uncertainty amid claims of ‘cut throat’ treatment and ‘blackmail’ caused by new 25 per cent tariff imposed by US President Donald Trump.
US President Donald Trump announced Friday, May 10, 2019, that Washington would raise tariffs on US$200 billion worth of Chinese goods from 10 per cent to 25 per cent. China almost instantly responded by vowing to implement “necessary countermeasures”. SCMP political economy team members Finbarr Bermingham and Cissy Zhou, who have been following the trade war and its impact, discuss what's next.
US President Donald Trump announced Friday, May 10, 2019, that Washington would raise tariffs on US$200 billion worth of Chinese goods from 10 per cent to 25 per cent. China almost instantly responded by vowing to implement “necessary countermeasures”. SCMP political economy team members Finbarr Bermingham and Cissy Zhou, who have been following the trade war and its impact, discuss what's next.
Increase from 10 per cent to 25 per cent on US$200 billion of Chinese goods was threatened by the US president in a tweet on Sunday.
Increase from 10 per cent to 25 per cent on US$200 billion of Chinese goods was threatened by the US president in a tweet on Sunday.