Automobile
With nearly a trillion dollars worth of trade last year, U.S. companies exported more than twice to the EU what they sent to China. In 2024, the U.S. imported about US$606 billion in goods from the European Union and exported around US$370 billion. In comparison, U.S. goods imports from China totaled US$438.9 billion, while exports to […]
... written on May 26 2025President Donald Trump’s plate is full with problems. Last year, a survey of more than 150 historians ranked him as the worst President in the 232-year history of the United States – scored 10.92 out of 100. But his supporters, who have yet to see the consequences of Trump’s tariff war against the entire planet, would praise him as […]
... written on May 03 2025Since returning to power in January 2025, Trump had already imposed two rounds of 10% additional duties on all Chinese imports. Having failed to bring the Middle Kingdom to its knees during his first term, the U.S. president is throwing everything, including the kitchen sink, in his “Trade War 2.0” with China. On Wednesday (2-April), […]
... written on Apr 05 2025With friend like the United States, Canadians and Mexicans do not need enemies. President Donald Trump has finally made good on a campaign promise to raise tariffs on almost everyone – both friends and foes. First, he slapped a 25% tariff on all goods imported from Canada and Mexico, except Canadian oil and energy products, […]
... written on Feb 03 2025Stocks dropped almost 700 points on Friday (Jan 10, 2025) – effectively pushing all major benchmarks into the red for the New Year 2025. The Dow Jones Industrial Average (DJIA) lost 696.75 points or 1.63% to close at 41,938.45, whilst S&P 500 and NASDAQ lost 1.54% and 1.63% respectively. What caused the bloodbath? The short answer – […]
... written on Jan 12 2025Japanese carmakers Honda Motor and Nissan Motor is exploring a mega merger, which will also involve Mitsubishi Motor, in which Nissan is the top shareholder with a 24% stake. The merger would see Honda management taking a leadership role in a newly formed formed Japanese holding company by 2026. Make no mistake – this deal […]
... written on Dec 27 2024Unless you have been living in the jungle or some remote areas, chances are you would notice at least one new Chinese car showroom in your area. Even if there isn’t any, you can’t miss the sudden jump of unfamiliar brands on the road in Malaysia. From Aion to Zeekr, consumers are spoilt for choice […]
... written on Dec 20 2024Germany, the European Union’s biggest economy and major car producer, opposed tariffs on Chinese-built electric vehicles (EVs) for obvious reasons. Home to BMW, Volkswagen and Mercedes-Benz, the German automaker will be severely hit with similar tariffs if China retaliates against European auto industry. But the company was fighting a losing battle against its own politicians. […]
... written on Nov 02 2024Europe’s Tariffs On China’s EV Backfires – Volkswagen Closing Factories Before Even Trade War Begins
When China officially connected to the internet on April 20, 1994, it was a huge milestone despite the 64-kilobit special line, which was made possible thanks to the service of U.S. telecommunication company Sprint. Back then, it would be a challenge for tourists to find a decent public toilet. The country was so poor that […]
... written on Sep 16 2024Once considered a luxury, bicycles were introduced in China about 150 years ago. But after a bicycle-manufacturing factory was set up in Tianjin in 1936, it quickly grew to meet the increasing demand. At one time, China was known as the “kingdom of bicycles” because it had a mind-boggling 670 million bicycles – the largest […]
... written on Jun 08 2024
