Tariffs Imposed by Trump Remain Active; Reduction in Job Opportunities for Chinese Graduates: SCMP Daily Highlights (Evening Edition)
U.S. Federal Appeal Court Postpones Decision on Trump's Tariffs, Clouding Global Trade Outlook
A U.S. federal appeal court has temporarily stalled a lower court's ruling against President Donald Trump's "Liberation Day" and fentanyl-related tariffs on China, Mexico, and Canada, adding another layer of complexity to the uncertain global trade landscape.
China's Graduate Job Market Faces Increased Strain Amid Pandemic and Trade War
China's unemployment rate for graduates has surged during the Covid-19 pandemic and has yet to decline, as the nation's economy, strained by weak consumer demand and a prolonged real estate slump, grapples to generate sufficient high-quality employment opportunities to accommodate an expanding pool of graduates.
US Visa Ban on Chinese Students Sparks Controversy
The Chinese embassy in Washington stepped up diplomatic pressure on the U.S. on Thursday, lodging a formal protest over the government's decision to revoke Chinese student visas, eliciting increasing criticism, including accusations of xenophobia, within the United States.
Enrichment Data: The ongoing trade tensions between the U.S. and China have contributed to the worsening job market for China's graduates, compounding preexisting economic challenges. The trade war primarily impacts sectors focused on consumer goods and electronics, causing a contraction in job opportunities and increasing competition in the tightening job market. China is expecting an influx of graduates in 2025, totaling 12.22 million, further intensifying competition for positions. The unemployment rate among young Chinese remains high, with figures indicating 18.8% for those aged 16 to 24 in August 2024. The persistence of trade tensions and tariffs, like those introduced by the U.S., aggravate the challenges for graduates in China's already strained job market.
- The ongoing trade tensions between the U.S. and China have negatively affected China's job market for graduates, with the uncertainty in global trade due to tariffs further complicating the situation.
- The ongoing trade war between the U.S. and China has impacted various business sectors, such as consumer goods and electronics, resulting in a contraction of job opportunities and increased competition in the tightening job market.
- The strained U.S.-China trade relationship has recently sparked controversy with the revocation of Chinese student visas, a move that has been met with criticism, including accusations of xenophobia, within the United States.
- Political tensions between the U.S. and China, as evidenced by tariffs, visas bans, and ongoing trade disputes, have implications that extend beyond just business and finance, with broader impacts on the overall economy and employment opportunities.
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