An Empire Built on Paper Looks to Benefit From Trump's Trade War
Industries
Consumer
Suzano's buying spree, including a Kimberly-Clark deal, shows how executives in Latin America's largest economy can work through fraught geopolitics.
Its biggest buyer is China. Its biggest prospects are in the US. Its biggest acquisition in nearly a decade is focused on Europe. Brazilian pulp and paper giant Suzano SA is going global as it navigates trade tensions between geopolitical heavyweights.
The company harvests raw materials from its eucalyptus groves that go into making everything from books to toilet paper, and claims to play a role in the lives of 2 billion people worldwide. Its executives say they have a plan to navigate this tumultuous time in global commerce, one that could provide a playbook for other companies looking not only to survive but to profit.
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Yahoo
26 minutes ago
- Yahoo
Deal gets US-China trade truce back on track: Trump
A deal getting the fragile truce in the US-China trade war back on track is done, US President Donald Trump says after negotiators from the United States and China agreed on a framework covering tariff rates. The deal also removes Chinese export restrictions on rare earth minerals and allows Chinese students access to US universities. Trump took to his social media platform to offer some of the first details to emerge from two days of marathon talks held in London that had, in the words of US Commerce Secretary Howard Lutnick, put "meat on the bones" of an agreement reached last month in Geneva to ease bilateral retaliatory tariffs that had reached crushing triple-digit levels. "Our deal with China is done, subject to final approval with President Xi (Jinping) and me," Trump said on the Truth Social platform. "Full magnets, and any necessary rare earths, will be supplied, up front, by China. Likewise, we will provide to China what was agreed to, including Chinese students using our colleges and universities (which has always been good with me!). We are getting a total of 55 per cent tariffs, China is getting 10 per cent." It was fantastic to team up with Secretary Scott Bessent and Ambassador Jamieson Greer. World-class team delivering world-class results for America. — Howard Lutnick (@howardlutnick) June 11, 2025 A White House official said the 55 per cent represents the sum of a baseline 10 per cent "reciprocal" tariff Trump has imposed on goods imported from nearly all US trading partners; 20 per cent on all Chinese imports because of punitive measures Trump has imposed on China, Mexico and Canada associated with his accusation that the three facilitate the flow of the opioid fentanyl into the US; and finally pre-existing 25 per cent levies on imports from China that were put in place during Trump's first term in the White House. Lutnick said the 55 per cent rate for Chinese imports is now fixed and unalterable. Asked on Wednesday on CNBC if the tariff levels on China would not change, he said: "You can definitely say that." Still, many specifics of the deal and details for how it would be implemented remain unclear. Officials from the two superpowers had gathered at a rushed meeting in London starting on Monday following a call last week between Trump and Chinese leader Xi that broke a stand-off that had developed just weeks after a preliminary deal reached in Geneva that had defused their trade row. The Geneva deal had faltered over China's continued curbs on critical minerals exports, prompting the Trump administration to respond with export controls preventing shipments of semiconductor design software, aircraft and other goods to China. Lutnick said the agreement reached in London would remove restrictions on Chinese exports of rare earth minerals and magnets and some of the recent US export restrictions "in a balanced way" but did not provide details after the talks concluded around midnight London time. "We have reached a framework to implement the Geneva consensus and the call between the two presidents," Lutnick said, adding that both sides will now return to present the framework to their respective presidents for approvals. "And if that is approved, we will then implement the framework," he said. In a separate briefing, China's Vice Commerce Minister Li Chenggang also said a trade framework had been reached in principle that would be taken back to US and Chinese leaders.
Wall Street Journal
31 minutes ago
- Wall Street Journal
Stock Indexes Slip After Muted Inflation Report - Minute Briefing
President Trump responded by repeating calls for the Federal Reserve to cut interest rates by a full percentage point. Plus: shares of nuclear-technology company Oklo surged after it was selected to power an Alaskan Air Force base. And stock in General Motors rose after it announced a $4 billion plan to produce more vehicles in the U.S. Danny Lewis hosts. Full Transcript This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. Danny Lewis: Here's your closing bell brief for Wednesday, June 11th. I'm Danny Lewis for the Wall Street Journal. Stock indexes slipped after a muted inflation report. The Dow Jones Industrial Average remained about flat, falling a point to close at 42,866. The S&P 500 lost 17 points, and the NASDAQ declined 99 points. Fresh data showed the annual rate of inflation edged up to 2.4% in May, a 10th of a percent from the month before. That matched economists' expectations, but monthly inflation undershot forecasts at 0.1%. And core consumer price index readings were softer than expected. President Trump responded to the data by repeating calls for the Federal Reserve to slash interest rates by a full percentage point. And after negotiators work this week getting the trade truce between the U.S. and China back on track, Treasury Secretary Scott Bessent said the Trump administration might extend its 90-day pause on reciprocal tariffs with countries it views as negotiating in good faith. In individual companies trading today. Shares of nuclear technology company Oklo surged 20.5% after it was selected to power an Alaskan Air Force Base. Pet supplies retailer Chewy logged stronger than expected quarterly results, but investors were disappointed by its annual sales outlook. Shares dropped 11%. And shares of General Motors rose almost 2% after it announced a $4 billion plan to produce more vehicles in the U.S. in order to avoid tariffs. We'll have a lot more coverage of the day's news on the WSJ's What's News Podcast. You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.
Wall Street Journal
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Trump Has No China Trade Strategy
President Trump on Wednesday hailed the result of the latest trade talks with China as a great victory, but the best we can say is that it's a truce that tilts in China's direction. Details are few, but the countries appear to be resetting their trade relationship to where it was a few months ago before a tit-for-tat escalation. Mr. Trump had agreed to reduce tariffs on China to 30% (55% including those he imposed during his first term) from 145% while China dropped its tariffs on U.S. goods to 10% from 125%.
