Trade War
Newsletter 261 - May 25, 2025
Welcome to the 261st edition of Trade War.
US-China trade is soaring as firms front-load sales to meet 90-day tariff truce. Chinese factory output beats expectations but consumption underperforms. Beijing responds angrily to Washington’s warning on Huawei AI chip, testing fragile relations.
Chinese officials call multilateralism “indispensable,” in pointed jab at the White House. And Xi Jinping once again touts the importance of self-reliance for China.
US soybean exports to China have flatlined, an ominous sign for America’s heartland. BYD surpasses Tesla in sales to Europe for first time. And Donald Trump threatens Apple with 25% tariffs if it doesn’t move iPhone production back to US.
Notable/In depth ~
New book tells the story of how Apple was captured in China
Early days of Trump’s second term may be moment when China pulls ahead of US, argues researcher
China’s decision to restrict rare earths ‘entirely predictable’ write Rep. Rob Wittman and Hoover’s Nadia Schadlow
US-China trade soars with front-loading
U.S. China trade is soaring as firms front-load sales to meet the 90-day tariff truce window.
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