German Industry Bounces Back as Firms Front-Run Higher Tariffs
Output increased 1.2% from April, the statistics office said Monday. Economists had predicted a 0.2% dip, according to the median estimate in a Bloomberg survey. Car, pharmaceuticals and energy production all rose.
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New York Times
3 hours ago
- New York Times
China's Small Workshops Are Hurting. Trump's Tariffs Are Only One Reason.
It was 96 degrees in the shade with high humidity and not a breath of wind on Tuesday afternoon in a factory district in Guangzhou, the home base of China's garment manufacturing. The sewing workshops that were operating in one neighborhood were sweltering. But roughly half of the hundreds of factories were dark, with their doors closed and none of their usual bustle. Around the area, bright red signs on walls and poles indicated industrial buildings were available for sale or rent. After exchanging escalating tariffs and export restrictions in the spring, China and the Trump administration moved closer this week to another cease-fire to continue to negotiate over their myriad conflicts. But the new status quo has left high barriers between China's exporters and some of their biggest markets in the United States. Guangdong Province, in southeastern China, and its capital, Guangzhou, have borne the brunt of Mr. Trump's tariffs. China's coastal export sector has been hit twice. It is paying tariffs of 30 percent or more on shipments to the United States — extraordinarily high by historical measures — on top of previous tariffs. And And exporters to the United States no longer enjoy duty-free treatment for packages worth $800 or less. In Guangzhou, thousands of small factories near the Pearl River used to supply the cheap clothing that e-commerce giants like Shein and Temu shipped to American homes. Streets in the city's factory districts are less crowded, while managers and workers complain that many orders have evaporated. Want all of The Times? Subscribe.
Yahoo
6 hours ago
- Yahoo
Expert Organization Celebrates Centennial - 100 Years of DEKRA: Safety in a Changing World
STUTTGART, Germany, July 31, 2025 /PRNewswire/ -- On 30th June, 2025, DEKRA celebrates its 100th anniversary – with a clear focus on the future. What began in 1925 with voluntary vehicle inspections is now a global expert organization for safety, sustainability, and digital trust. On its centennial, DEKRA reaffirms its commitment to tackling the major challenges of our time – in line with its anniversary motto: "Securing the Future." DEKRA was founded on June 30, 1925, in Berlin as the "Deutscher Kraftfahrzeug-Überwachungs-Verein" (German Motor Vehicle Inspection Association) – at a time when the automobile was beginning to reshape the world. Its mission: voluntary technical inspections to bring safety to a new era of mobility. A century later, this initiative has evolved into a global expert organization with 48,000 employees in around 60 countries – all pursuing one clear goal: enabling safety and trust in a changing world. What began in 1925 with vehicle inspections has grown into a comprehensive portfolio across mobility, industry, environment, and digital technologies. DEKRA tests both physical and digital products, processes, and systems. "Safety is not static – it evolves with the world we live in," says CEO Stan Zurkiewicz. "Our task is to help shape key areas of transformation – mobility, digitalization, artificial intelligence, and sustainability – with expertise, responsibility, and foresight." Shaping Germany – Expanding Globally DEKRA's history is marked by constant progress. When periodic vehicle inspections became mandatory in Germany in 1951, DEKRA played a key role in their implementation. The 1960s and 1970s brought a focus on education and research, including the founding of DEKRA Akademie (1974), the Research and Development department (1968), and Accident Research (1978) – the latter with the aim of learning from data. After German reunification, DEKRA took over responsibilities from the former East German vehicle authority and built a comprehensive inspection network in the new federal states. Shortly thereafter, the company entered international markets, including France, Spain, China, and the United States. Since then, DEKRA has pursued a globally focused strategy – while maintaining strong roots in its home market of Germany. Read full version: About DEKRA For 100 years, DEKRA has been a trusted name in safety. Founded in 1925 with the original goal of improving road safety through vehicle inspections, DEKRA has grown to become the world's largest independent, non-listed expert organization in the field of testing, inspection, and certification. Today, as a global partner, the company supports its customers with comprehensive services and solutions to drive safety and sustainability forward—fully aligned with DEKRA's anniversary motto, "Securing the Future." In 2024, DEKRA generated revenue of 4.3 billion euros. Around 48,000 employees are providing qualified and independent expert services in approximately 60 countries across five continents. DEKRA holds a Platinum rating from EcoVadis, placing it among the top 1% of the world's most sustainable companies. View original content to download multimedia: SOURCE DEKRA Asia Pacific Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
8 hours ago
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NVDA's H20 AI Chips Head Back to China
Nvidia (NASDAQ:NVDA) just locked in permission to ship its H20 AI GPUs back into Chinatwo weeks after filing for the license. White House adviser Kevin Hassett says the Trump team decided it made more sense to keep China buying U.S. chips than to risk them building their own. The H20 isn't as powerful as the global version thanks to export curbs, but it's still the most advanced GPU Nvidia can legally send its way. Warning! GuruFocus has detected 5 Warning Signs with NVDA. Of course, some in Washington aren't thrilled. They worry that sending these chips could hand Beijing a playbook for future chip design, even as it helps Nvidia protect roughly 20% of its global GPU market. Analysts note that as Chinese players like Huawei ramp up, Nvidia could face stiffer competition down the road. For Nvidia, though, getting back into China is crucial for revenue and staying ahead in the AI chip race. Now all eyes are on how quickly those licenses get approved and whether the U.S. tightens or loosens the rules again. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
