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The Latest Breaking News from Mary Lovely

Trump’s tariffs were supposed to boost American manufacturing, but the new levies are actually pushing some companies back to China

“The story that it is bringing back manufacturing is really not the story,” economist Mary Lovely warned. “Manufacturing is not coming back.”

Fortune

Trade takeaways from Trump's meeting with Chinese leader Xi

U.S. President Donald Trump says he had an “amazing” meeting with China's top leader Xi Jinping that produced very important decisions

The Independent UK

As Trump’s August 1 deadline looms, tariffs are here to stay, experts say

Trump’s protectionist moves likely to keep pushing countries to lessen their reliance on the US, analysts say.

Al Jazeera

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Tariffs threaten Asian beauty product boom in US

Asian skin care has been a booming global business for a more than a decade, with consumers in Europe, North and South America, and increasingly the Middle East, snapping up creams, serums and balms from South Korea, Japan and China

The Independent UK

The US and EU are in a showdown over trade. What does Trump want and what can Europe offer?

European and US officials are wrestling over a trade deal

The Independent UK

What do Trump’s 145% tariffs on China mean and who will be affected?

IN NUMBERS: As China and the US both lash out with 125% tariffs, Alicja Hagopian and Millie Cooke look at what industries will be hardest hit.

The Independent UK

How the U.S. got into this baby formula mess

Just a handful of formula makers dominate the industry so a single plant shutdown can lead to empty shelves.

WEKU

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Fast, precise, too tough? Lockdowns risk stalling China’s economy

Strict response to virus buckles supply chains, hits consumers and sends unemployment soaring

People

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