Latest news with #Chinese-made
Qatar Tribune
9 hours ago
- Business
- Qatar Tribune
Trade rebounds as China sees strong export growth in June
Agencies China's exports surged in June as a reprieve from U.S. tariffs prompted a rush of orders from companies and consumers ahead of an August deadline. Exports climbed 5.8% from a year earlier, up from a 4.8% rise in May. Imports also recovered, growing 1.1% in the first increase so far this year, according to customs data released Monday. Exports to the U.S. fell 16%, but that was less than half the 34.5% drop seen in May. After U.S. President Donald Trump imposed tariffs of up to 245% on imports from China and Beijing responded with its own steep import duties, the two sides agreed to a truce to allow time for talks. The retailers and other importers that had largely halted shipments of shoes, clothes, toys and other items due to new tariffs then resumed imports from China. But preliminary discussions between the two sides have yet to produce significant progress and sudden policy changes have raised uncertainty for companies trying to plan ahead. In the meantime, the Trump administration has increased tariffs on imports from China by 30%, pending an Aug. 12 deadline for reverting to the higher tariffs that Washington and Beijing have delayed for now. The recovery in trade is expected to help boost economic growth in the April to June quarter. The Chinese government is due to report those figures on Tuesday. Still, the outlook is less upbeat, noted Zichun Huang of Capital Economics, noting that 'tariffs are likely to remain high and Chinese manufacturers face growing constraints on their ability to rapidly expand global market share by slashing prices. 'We therefore expect export growth to slow over the coming quarters, weighing on economic growth,' Huang said in a report. Data for the first six months of the year showed that, while the trade war with the U.S. intensified following Trump's return to the White House, China's global trade continued to grow. Total trade, including exports and imports, hit a record of more than 20 trillion yuan ($2.8 trillion) as Chinese businesses diversified their overseas production and export markets. China's global trade surplus in the first half of the year hit $586 billion. Exports to Southeast Asia increased 13% year-over-year from January to June, with shipments to Thailand up 22%, to Vietnam up nearly 20% and to India up more than 18%. Trade with Europe was also brisk, increasing 6.6% in the first half of the year compared to the same period a year earlier. However, auto exports declined after the European Union imposed higher tariffs on Chinese-made electric vehicles, dropping nearly 38% from the previous year. Exports of auto parts fell by more than 23%.
Qatar Tribune
9 hours ago
- Politics
- Qatar Tribune
Israel killing Gaza civilians with commercial drones, probe finds
Agencies The Israeli army is weaponising Chinese-made drones to kill Palestinian civilians in the Gaza Strip, according to an investigation by the Israeli publications 972 Magazine and the Local Call. The drones are operated manually by soldiers on the ground to bomb civilians – including children – to force them out of their homes or prevent them from returning to areas where Palestinians have been expelled, the outlets reported on Sunday. The publications interviewed seven soldiers and officers to produce their findings, they said. The report was published as criticism of Israel's plan to set up an internment camp in southern Gaza is growing. Former Israeli Prime Ministers Yair Lapid and Ehud Olmert said it would amount to a 'concentration camp' if Palestinians there are not allowed to leave. 'The weaponisation of civilian drones to kill and dispossess Palestinians is the latest revelation of the cruelties normalised in Gaza and further evidence of how Israel is trying to forcibly transfer the population to the south of the Strip,' Al Jazeera's Nour Odeh said, reporting from Amman, Jordan, because Israel has banned Al Jazeera from reporting from Israel and the occupied West Bank. Soldiers are using mostly Evo drones produced by the Chinese company Autel, which are sold commercially for about $3,000 and used by photographers, the investigation found. 'However, with a military-issued attachment known internally as an 'iron ball', a hand grenade can be affixed to the drone and dropped with the push of a button to detonate on the ground,' the report said, adding that a majority of Israeli military companies in Gaza use these drones. 'Deliberately targeted children' An Israeli soldier who served in the Rafah area this year and was identified in the report only as S was tasked with coordinating drone attacks in a neighbourhood of the city that the army had ordered to be evacuated, the Israeli media outlets reported. 'It was clear that they were trying to return to their homes – there's no question,' the soldier told the publications. 'None of them were armed, and nothing was ever found near their bodies. We never fired warning shots. Not at any point.' Israeli soldiers also said they did not allow bodies to be collected, sometimes letting stray dogs eat them as they watched and filmed from afar. In several cases, S told the outlets, the Israeli army deliberately targeted children. 'There was a boy who entered the [off-limits] zone. He didn't do anything. [Other soldiers] claimed to have seen him standing and talking to people. That's it – they dropped a grenade from a drone,' S said. Israeli soldiers said the drones 'were used to empty Palestinian neighbourhoods and to teach Palestinians, through blood, not to return', Odeh said. According to the soldiers interviewed, the commercial drones are advantageous because they are much cheaper than military-grade ones. 'It's very cheap, it's very easy to use. It's decentralised in a way, the use of these drones, because it's a platoon that can use them. It does not need to require the authorisation from central command,' Meron Rapoport, editor and writer at the Local Call, told Al Jazeera. Israeli army units in Gaza are also crowdfunding in Israel and the United States to buy more of these drones, posting videos to thank donors for their contributions, the report said.
Nahar Net
13 hours ago
- Business
- Nahar Net
China's exports jump 5.8% in June as tariffs reprieve prompts a rush of orders
by Naharnet Newsdesk 14 July 2025, 17:45 China's exports accelerated in June as a reprieve on U.S. tariffs prompted a rush of orders by companies and consumers ahead of an August deadline. Exports climbed 5.8% from a year earlier, up from a 4.8% rise in May. Imports also recovered, growing 1.1% in the first increase so far this year, according to customs data released Monday. Exports to the United States fell 16%, but that was less than half the 34.5% drop seen in May. After U.S. President Donald Trump imposed tariffs of up to 245% on imports from China and Beijing responded with its own steep import duties, the two sides agreed to a truce to allow time for talks. The retailers and other importers that had largely halted shipments of shoes, clothes, toys, and other items due to new tariffs then resumed imports from China. But preliminary discussions between the two sides have yet to produce significant progress and sudden changes in policy have raised uncertainty for companies trying to plan ahead. In the meantime, the Trump administration has hiked tariffs on imports from China by 30%, pending an Aug. 12 deadline for reverting to the higher tariffs Washington and Beijing have delayed for now. The recovery in trade is expected to help boost economic growth in the April to June quarter. The Chinese government is due to report those figures on Tuesday. Still, the outlook is less upbeat, noted Zichun Huang of Capital Economics, noting that "tariffs are likely to remain high and Chinese manufacturers face growing constraints on their ability to rapidly expand global market share by slashing prices. "We therefore expect export growth to slow over the coming quarters, weighing on economic growth," Huang said in a report. Data for the first six months of the year showed that while the trade war with the U.S. heated up following Trump's return to the White House, China's global trade kept growing. Total trade including exports and imports hit a record of more than 20 trillion yuan ($2.8 trillion) as Chinese businesses diversified their overseas production and export markets. China's global trade surplus in the first half of the year hit $586 billion. Exports to Southeast Asia grew 13% year-on-year in January to June, with shipments to Thailand up 22%, to Vietnam up nearly 20% and to India up more than 18%. Trade with Europe also was brisk, climbing 6.6% in the first half of the year from a year earlier. But auto exports fell after the European Union imposed higher tariffs on Chinese-made electric vehicles, sinking nearly 38% from a year earlier. Exports of auto parts fell more than 23%.
CNBC
18 hours ago
- Business
- CNBC
In middle of Trump's trade war, importers hold more cash and move inventory off the books
President Trump's trade war is leading importers to hold more cash and less inventory on their books as they seek to manage a series of tariff increases, additional threats from Trump, and temporary pauses. Among both U.S. and global firms, use of supply chain financing programs that allow importers to stretch out payment terms is up, according to Wells Fargo data, anywhere from 5%-10%. "Cash is good to have," said Jeremey Jansen, managing director, head of global supply chain and trade sales at Wells Fargo. "There is a lot of uncertainty, and if you are a distributor or manufacturer, there is a ton of pressure to push out payment terms," he said. Delays in the implementation of tariffs, set to expire by August if trade deals are not reached, have played a significant role in the management of inventory and cash in recent months. From large retailers to auto parts stores and manufacturers, buyers of both finished goods and raw materials, tariff pauses allowed importers to bring in more inventory. But once the inventory arrives, it may be bound for financing rather than straight to market. After an order has been shipped, an invoice is generated. Once that invoice is generated, an importer sends it to the bank where they maintain a supply chain financing program, and the bank pays the supplier. The importer than repays the bank under a timeline negotiated with the bank. "We are putting money right in the middle of that supply chain," Jansen said. While the retail sector has traditionally been a client for this type of financing, Jansen said health care firms are a new source of interest as President Trump threatens targeted tariffs on the sector's overseas supply chains. "We are seeing a significant level of interest in supply chain finance from the health care space," Jansen said. "It can be drug companies, distributors, and pharmacy benefit managers. This industry does a lot of overseas manufacturing, and there is a significant amount of uncertainty regarding tariffs," he added. Supply chain financing for Chinese-made goods was steady rather than rising in June, according to Jansen, due to the fact that companies had front-loaded significant inventory in the first quarter of the year. With the latest round of tariffs on Asian nations announced last week and the recent deal with Vietnam that sent tariffs higher on its goods, Jansen said the bank is monitoring supply chain financing for orders out of countries including Vietnam, South Korea, Malaysia, Thailand, and Indonesia. Companies that are bringing in goods under a higher tariff can move that inventory off their books by having a third party, such as a bank, pay for the inventory, making the third party the beneficial cargo owner, storing the goods on the importer's behalf. The importer then pays the third party for the product and storage on an agreed timeline. "There's an increase in importer interest in financing the inventory on their books," said Jonathan Heuser, head of trade & supply chain finance for Citizens Bank. "With large multinationals potentially holding more inventory, they are interested in ways to unlock working capital associated with that inventory," he added. Josh Allen, COO of ITS Logistics, says the process of pushing inventory off the balance sheet — often referred to as "vendor management inventory" — is also a common practice in the automotive industry and construction industries. "It frees up the importer's cash flow, and the third-party owner makes money through the storage and sale back to the importer. It's a win-win for strategic partners," Allen said. After what had been a dramatic decline in business with Asian countries earlier in the year amid Trump's tariff threats, there has been some recovery in recent months during tariff pauses, according to Heuser. "For China, this recovery has been muted, and volumes are still quite depressed. With India and Vietnam, the recovery has been stronger, and continues to build back," he said. The trade activity has been uneven across sectors, Heuser said, with agricultural product shipments as one example that has performed better than manufactured products or chemicals. That has become an opportunity for companies that have the ability to source outside of the U.S., for example, supplying Chinese buyers with the same commodity but sourcing it from a non-U.S. jurisdiction. But those shifts within the supply chain come with an overall environment which remains cautious, according to Heuser. "Clients are remaining cautious and waiting for some measure of stabilization before taking significant actions or making meaningful changes to supply chains," he said. Lending activity, for example, which can often be an indicator of investment and growth plans, remains muted, he added.
Time of India
a day ago
- Business
- Time of India
China's exports jump 5.8% in June as U.S. tariffs reprieve prompts a rush of orders
China's exports accelerated in June as a reprieve on U.S. tariffs prompted a rush of orders by companies and consumers ahead of an August deadline. Exports climbed 5.8% from a year earlier, up from a 4.8% rise in May. Imports also recovered, growing 1.1% in the first increase so far this year, according to customs data released Monday. Exports to the United States fell 16%, but that was less than half the 34.5% drop seen in May. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Villas In Dubai | Search Ads Get Quote Undo After U.S. President Donald Trump imposed tariffs of up to 245% on imports from China and Beijing responded with its own steep import duties, the two sides agreed to a truce to allow time for talks. The retailers and other importers that had largely halted shipments of shoes, clothes, toys, and other items due to new tariffs then resumed imports from China. Live Events But preliminary discussions between the two sides have yet to produce significant progress and sudden changes in policy have raised uncertainty for companies trying to plan ahead. In the meantime, the Trump administration has hiked tariffs on imports from China by 30%, pending an Aug. 12 deadline for reverting to the higher tariffs Washington and Beijing have delayed for now. The recovery in trade is expected to help boost economic growth in the April to June quarter. The Chinese government is due to report those figures on Tuesday. Still, the outlook is less upbeat, noted Zichun Huang of Capital Economics, noting that "tariffs are likely to remain high and Chinese manufacturers face growing constraints on their ability to rapidly expand global market share by slashing prices. "We therefore expect export growth to slow over the coming quarters, weighing on economic growth," Huang said in a report. Data for the first six months of the year showed that while the trade war with the U.S. heated up following Trump's return to the White House, China's global trade kept growing. Total trade including exports and imports hit a record of more than 20 trillion yuan ($2.8 trillion) as Chinese businesses diversified their overseas production and export markets. China's global trade surplus in the first half of the year hit $586 billion. Exports to Southeast Asia grew 13% year-on-year in January to June, with shipments to Thailand up 22%, to Vietnam up nearly 20% and to India up more than 18%. Trade with Europe also was brisk, climbing 6.6% in the first half of the year from a year earlier. But auto exports fell after the European Union imposed higher tariffs on Chinese-made electric vehicles , sinking nearly 38% from a year earlier. Exports of auto parts fell more than 23%.
