Trump's Tariffs Stymie India's Bid to Steal Manufacturing From China
But then Trump—who has been trying to pressure President Vladimir Putin into ending Russia's war on Ukraine—grew angry with India over the country's purchases of Russian oil. In recent weeks, Trump has slapped a 25% tariff on Indian imports and has threatened to double that by the end of this month. In that case, tariffs on India would match the roughly 50% duties the U.S. now charges on Chinese goods.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
4 minutes ago
- Yahoo
Matthews China Fund's Strategic Moves: A Closer Look at BYD Co Ltd
Exploring the Fund's Investment Adjustments in Q2 2025 Matthews China Fund (Trades, Portfolio) recently submitted its N-PORT filing for the second quarter of 2025, revealing strategic investment adjustments. Established in February 1998, the fund aims to achieve its investment objectives by allocating at least 80% of its net assets in Chinese companies' common and preferred stocks. The fund focuses on companies with sustainable growth potential, evaluating factors such as balance sheet strength, cash flow stability, management quality, and corporate governance. This disciplined approach aligns with the fund's long-term value investment philosophy. Summary of New Buy Matthews China Fund (Trades, Portfolio) added a total of three stocks to its portfolio during the second quarter of 2025. The most significant addition was CMOC Group Ltd (HKSE:03993), with 4,581,000 shares, accounting for 1.24% of the portfolio and valued at HK$4.68 million. The second largest addition was Hisense Home Appliances Group Co Ltd (HKSE:00921), consisting of 1,186,000 shares, representing approximately 0.86% of the portfolio, with a total value of HK$3.24 million. The third addition was Cambricon Technologies Corp Ltd (SHSE:688256), with 28,038 shares, accounting for 0.63% of the portfolio and valued at 2.36 million. Key Position Increases Matthews China Fund (Trades, Portfolio) also increased its stakes in nine stocks. The most notable increase was in BYD Co Ltd (HKSE:01211), with an additional 303,000 shares, bringing the total to 543,000 shares. This adjustment represents a significant 126.25% increase in share count, impacting the portfolio by 1.26%, with a total value of HK$8.45 million. The second largest increase was in Suzhou TFC Optical Communications Co Ltd (SZSE:300394), with an additional 165,900 shares, bringing the total to 377,916. This adjustment represents a 78.25% increase in share count, with a total value of 4.24 million. Summary of Sold Out Matthews China Fund (Trades, Portfolio) completely exited 10 holdings in the second quarter of 2025. Notable exits include Anjoy Foods Group Co Ltd (SHSE:603345), with the sale of all 295,500 shares, resulting in a -0.84% impact on the portfolio. Another significant exit was Shenzhen Mindray Bio-Medical Electronics Co Ltd (SZSE:300760), with the liquidation of all 83,814 shares, causing a -0.7% impact on the portfolio. Key Position Reduces Matthews China Fund (Trades, Portfolio) reduced its position in 13 stocks. The most significant reduction was in Guangdong Haid Group Co Ltd (SZSE:002311), with a decrease of 338,300 shares, resulting in a -69.17% decrease in shares and a -0.6% impact on the portfolio. The stock traded at an average price of 56.49 during the quarter, returning 3.14% over the past three months and 20.49% year-to-date. Another notable reduction was in PetroChina Co Ltd (HKSE:00857), with a decrease of 2,634,000 shares, resulting in a -26.56% reduction in shares and a -0.55% impact on the portfolio. The stock traded at an average price of HK$6.32 during the quarter, returning 26.27% over the past three months and 30.81% year-to-date. Portfolio Overview As of the second quarter of 2025, Matthews China Fund (Trades, Portfolio)'s portfolio included 63 stocks. The top holdings were 10.31% in Tencent Holdings Ltd (HKSE:00700), 7.69% in Alibaba Group Holding Ltd (HKSE:09988), 4.51% in China Construction Bank Corp (HKSE:00939), 4.2% in Inc (HKSE:09618), and 3.79% in PDD Holdings Inc (NASDAQ:PDD). The holdings are mainly concentrated in 10 of the 11 industries: Consumer Cyclical, Financial Services, Communication Services, Technology, Industrials, Real Estate, Consumer Defensive, Healthcare, Basic Materials, and Energy. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus.
New York Post
6 minutes ago
- New York Post
Zelensky to meet UK PM in London ahead of Trump-Putin summit
Ukrainian President Volodymyr Zelensky is due in London to meet British Prime Minister Keir Starmer on Thursday, to take stock ahead of US President Donald Trump's key talks with Russian President Vladimir Putin in Alaska on Friday. Zelensky, who was in Germany on Wednesday, has been working with European leaders to press Trump not to allow Putin to carve up Ukraine's territory at the Alaska summit. He is due to meet Starmer at 9.30 a.m. local time at the British premier's official residence, 10 Downing Street. 3 Ukrainian President Volodymyr Zelensky met with British Prime Minister Keir Starmer at in London on June 23, 2025. REUTERS On Wednesday, Trump joined a Germany-hosted virtual meeting with European leaders, including Zelensky, who sought to set red lines ahead of the summit on ending the war in Ukraine. Zelensky said he warned Trump that the Russian leader was 'bluffing' about his desire to end the war. Trump later threatened 'severe consequences' if Putin does not agree to peace in Ukraine and while he did not specify what the consequences could be, he has warned of economic sanctions if his meeting on Friday proves fruitless. The comments and the outcome of the virtual conference on Wednesday could provide encouragement for Kyiv ahead of the summit. Trump described the aim of his talks with Putin in Alaska as 'setting the table' for a quick follow-up that would include Zelensky. 'If the first one goes okay, we'll have a quick second one,' Trump said. 3 President Trump and Russian President Vladimir Putin will meet in Alaska on Friday. REUTERS 3 Ukrainian recruits took part in a training exercise to improve their tactical skills at an undisclosed location on Wednesday. 65th Mechanized Brigade of Ukrainian Armed Forces/AFP via Getty Images 'I would like to do it almost immediately, and we'll have a quick second meeting between President Putin and President Zelensky and myself, if they'd like to have me there.' Start your day with all you need to know Morning Report delivers the latest news, videos, photos and more. Thanks for signing up! Enter your email address Please provide a valid email address. By clicking above you agree to the Terms of Use and Privacy Policy. Never miss a story. Check out more newsletters Britain, France and Germany, the co-chairs of the so-called 'Coalition of the Willing,' set out their position on the pathway to a ceasefire in Ukraine in a statement released after Wednesday's virtual meeting.
The Hill
6 minutes ago
- The Hill
Zelenskyy to meet with UK's Starmer as Europe braces for Trump-Putin summit
British Prime Minister Keir Starmer is expected to welcome Ukrainian President Volodymyr Zelenskyy in London Thursday morning, the latest meeting between the Ukrainian leader and the head of a European country as the continent braces for a critical U.S.-Russia summit in Alaska on Friday. Zelenskyy's trip to the British capital comes a day after he took part in virtual meetings from Berlin with U.S. President Donald Trump and the leaders of several European countries. Those leaders said Trump had assured them he would make a priority of trying to achieve a ceasefire in Ukraine when he meets with Russian President Vladimir Putin on Friday in Anchorage. Both Zelenskyy and the Europeans have worried the bilateral U.S.-Russia summit would leave them and their interests sidelined, and that any conclusions reached could favor Moscow and leave Ukraine and Europe's future security in jeopardy with Russia's full-scale invasion of Ukraine now in its fourth year. Yet some of those leaders, like German Chancellor Friedrich Merz and French President Emmanuel Macron, praised Wednesday's video conference with Trump as constructive. Speaking after the meetings to reporters, Trump warned of 'very severe consequences' for Russia if Putin does not agree to stop the war against Ukraine after their Friday meeting. Territorial integrity Starmer on Wednesday said the Alaska summit would be 'hugely important,' and could be a 'viable' path to a ceasefire in Ukraine. But he also alluded to European concerns that Trump may strike a deal that forces Ukraine to cede territory to Russia, and warned that Western allies must be prepared to step up pressure on Russia if necessary. During a call Wednesday among leaders of countries involved in the 'coalition of the willing' — those who are prepared to help police any future peace agreement between Moscow and Kyiv — Starmer stressed that any deal reached on bringing the fighting to an end must protect the 'territorial integrity' of Ukraine. 'International borders cannot be, and must not be changed by force, and again that's a long-standing principle of this group,'' he said. 'And alongside that, any talk about borders, diplomacy, ceasefire has to sit alongside a robust and credible security guarantee to ensure that any peace, if there is peace, is lasting peace and Ukraine can defend its territorial integrity as part of any deal.' Some Ukrainians skeptical With another high-level meeting on their country's future on the horizon, some Ukrainians expressed skepticism that any breakthroughs would be achieved during Friday's U.S.-Russia summit. Oleksandra Kozlova, 39, a department head at a digital agency in Kyiv, told The Associated Press on Wednesday that she believes Ukrainians 'have already lost hope' that meaningful progress can be made on ending the 3 1/2-year-old war. 'I don't think this round will be decisive,' she said. 'There have already been enough meetings and negotiations promising us, ordinary people, that something will be resolved, that things will get better, that the war will end. Unfortunately, this has not happened, so personally I don't see any changes coming.' Anton Vyshniak, a car salesman in Kyiv, said Ukraine's priority now should be saving the lives of its military servicepeople, even at the expense of making territorial concessions. 'At the moment, the most important thing is to preserve the lives of male and female military personnel. After all, there are not many human resources left,' he said. 'Borders are borders, but human lives are priceless. Therefore, some principles can be disregarded here.' Russia and Ukraine trade strikes Russian strikes in Ukraine's Sumy region overnight Wednesday resulted in numerous injuries, Ukrainian regional officials said. A missile strike on a village in the Seredyna-Budska community injured a 7-year-old girl and a 27-year-old man, according to regional governor Oleh Hryhorov. The girl was hospitalized in stable condition. In the southern Kherson region, Russian artillery fire struck the village of Molodizhne on Thursday morning, injuring a 16-year-old boy, regional governor Oleksandr Prokudin said. The teenager suffered an explosive injury, shrapnel wounds to his arms and legs and an acute stress reaction. He was hospitalized in moderate condition, Prokudin said. In Russia, an oil refinery in the Volgograd region caught fire after a Ukrainian drone attack overnight, according to local governor Andrei Bocharov. The refinery, one of the biggest producers of petroleum products in southern Russia, has been a frequent target of drone attacks, according to Russian independent news site Meduza. Overall, Russia's Defense Ministry reported destroying 44 Ukrainian drones over Russian regions and the annexed Crimea overnight. In Belgorod, the biggest city in the namesake region on the border with Ukraine, three civilians were injured in a Ukrainian drone attack, Gov. Vyacheslav Gladkov said, adding that a government building was hit by the attack.
