China Has a New Playbook to Counter Trump: ‘Supply Chain Warfare’
A series of swipes at American companies show how China could take the initiative in a new trade war, using its economic dominance to exact pain.
By Alexandra Stevenson and
Business
Highlights
CreditLaura Morton for The New York Times He Helped ‘Break’ the Bank of England. Now He May Run the U.S. Treasury.
Scott Bessent’s former colleagues and rivals see the prospective Treasury secretary as a thoughtful choice with a broad understanding of financial markets.
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CreditStefani Reynolds/Bloomberg America’s Great Unifying Event: The Macy’s Thanksgiving Day Parade
The nostalgia-fueled production has been the most-watched entertainment program in the United States for the past three years, ahead of the Oscars and the World Series.
By
CreditAmir Hamja/The New York Times Volkswagen to Exit China’s Xinjiang Region After 12 Years
The automaker has long been criticized by human rights activists for doing business in the territory, where China has repressed Muslim ethnic groups.
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CreditKeith Bradsher/The New York Times
China’s Huawei Takes Aim at Apple With Latest Smartphone
Last year, a chip breakthrough put Huawei on top of the Chinese smartphone market. Now it is rolling out its newest phone, the Mate 70 series.
By Meaghan Tobin and
CreditQilai Shen for The New York Times Chinese Automakers Tell Suppliers to Cut Costs as Price War Deepens
China’s electric vehicle market is the world’s largest — and its most cutthroat, with dozens of brands jostling for position.
By Claire Fu and
CreditGilles Sabrié for The New York Times The Fed’s Favorite Inflation Measure Sped Up in October
Inflation has been stubborn in recent months. Now, President-elect Donald J. Trump’s tariffs loom as a potential risk.
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CreditPhilip Cheung for The New York Times Inflation is Back in Focus as Trumponomics Looms Large Over Global Trade
Investors are bracing for the latest data as the president-elect’s economic agenda of cutting immigration and taxes, while raising tariffs takes shape.
By Andrew Ross SorkinRavi MattuBernhard WarnerSarah KesslerMichael J. de la MercedLauren Hirsch and
CreditDavid Zalubowski/Associated Press DealBook NewsletterWalmart, Once Eager to Promote Diversity, Pulls Back Amid Conservative Pressure
Among other things, the retailer will no longer use the term D.E.I.
By Lauren HirschEmma Goldberg and
CreditWill Newton for The New York Times
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London’s 850-Year-Old Smithfield Meat Market Is Set to Close
Livestock has been traded on the historic site in Britain’s capital for centuries. The local authority voted this week to close it.
By Mark Landler
U.S. Border Agents Seize 3,000 Fake Gibson Guitars
They would have been worth nearly $18 million if they were genuine, making it the largest counterfeit instrument seizure in history, officials said.
By Adeel Hassan
Black Friday May Have Lost the Chaos but It’s Still Huge for Retailers
Black Friday remains one of the busiest shopping days of the year, but its impact has been diluted by monthlong holiday sales and the convenience of buying online.
By Santul Nerkar
Andy Paley, Whose Imprint Was All Over Pop Music, Dies at 73
Musician, singer, songwriter, producer and more, he collaborated with Madonna and a raft of other artists and helped resuscitate the career of the Beach Boys’ Brian Wilson.
By Alex Williams
China Has a New Playbook to Counter Trump: ‘Supply Chain Warfare’
A series of swipes at American companies show how China could take the initiative in a new trade war, using its economic dominance to exact pain.
By Alexandra Stevenson and Paul Mozur
Hoping for Allies Among Trump’s Health Picks, Pharma Faces Hostility
Robert F. Kennedy Jr. and other candidates for top health posts are at odds with the drug industry, setting the stage for tense battles over regulatory changes.
By Rebecca Robbins, Christina Jewett and Kate Kelly
As Congress Feuds Over Farm Bill, Growers Are ‘Stuck in Limbo’
The agriculture and nutrition measure was last updated in 2018 and originally expired two years ago. Farmers fear the Trump administration’s priorities will eclipse theirs next year.
By Maya C. Miller
DealBook NewsletterInflation is Back in Focus as Trumponomics Looms Large Over Global Trade
Investors are bracing for the latest data as the president-elect’s economic agenda of cutting immigration and taxes, while raising tariffs takes shape.
By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Vivienne Walt
White House MemoTwo Presidents, Two Policies, One Superpower: America in Transition
Even as President Biden brokers a cease-fire in Lebanon, President-elect Donald J. Trump is running his own foreign policy without waiting to be sworn in.
By Peter Baker
I Haul, Therefore I Am
It is the shopping phenomenon of our times, and now it’s an Amazon store.
By Vanessa Friedman
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