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Fortune

Diane Brady

Why China is unfazed by Trump's tariffs: 'The amount of grit and sheer willpower is on a different scale,' CEO of $3.7 billion company says

Donald Trump China Fortune AptarGroup Diane Brady United States

(Credit: Courtesy of AptarGroup)

In today’s CEO Daily: Diane Brady talks to Stephan Tanda, CEO of AptarGroup, about working with China.
The big story: Musk’s decision on electric doors preceded 15 deaths.
The markets: Low drama.
Plus: All the news and watercooler chat from Fortune.

Good morning. It’s easy to assume that China must have been crippled by the U.S. trade battle that reached a temporary truce when President Trump and President Xi met in October. But China’s trade surplus is at a record high of $1.08 trillion in the first 11 months of this year. Some of that is due to China doubling down on other markets: overall exports were up 6% in November over the previous year, even though exports to the U.S. were down 29%.

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