The U.S. and China have agreed on a trade deal that would reduce tariffs and expedite shipments of rare-earth metals. United States Treasury Secretary Scott Bessent said on Friday that U.S. tariffs on Chinese imports will now start at 30%, while China’s duty rate on goods from the U.S. will be at 10%. The 20%…
Hong Kong retailers have received a surge in inquiries from mainland Chinese tourists about the prices of high-end US products amid an ongoing trade war, but shop staff have said few end up buying and business has dipped during the Easter holiday. Retail sales have been slow as Hongkongers leave the city in droves during…
Hong Kong retailers have received a surge in inquiries from mainland Chinese tourists about the prices of high-end US products amid the trade war, but shop staff have said few end up buying and business has dipped during the Easter holiday. Retail sales have suffered as Hongkongers leave the city in droves during the long…
The major averages were broadly lower near noon, with the Nasdaq down over 300 points amid escalating trade tensions and new export restrictions. This follows the U.S. government’s decision to tighten export controls on advanced AI-related computer chips. The recent U.S. actions have intensified concerns over a potential trade war. President Donald Trump has announced…
Donald Trump believes it is up to China, not the United States, to come to the negotiating table on trade, the White House said Tuesday, after the US president accused Beijing of reneging on a major Boeing deal. “The ball is in China’s court. China needs to make a deal with us. We don’t have…
In his own mind, President Trump is a four-dimensional dealmaker who always outsmarts his counterparties. In his real-world trade war, however, Trump has shown his cards to his most potent adversary and revealed some of his constraints. Several weeks of manic tariff activity by Trump and mass confusion in financial markets have finally provided some…
Apr 8, 2025 Apple Inc. is set to redirect more iPhone shipments to the United States from India, aiming to mitigate the impact of newly imposed tariffs on Chinese goods. According to a report by the Wall Street Journal, this strategy is a temporary solution as the tech giant seeks an exemption from the steep…
China on Monday accused the US of unilateralism, protectionism and economic bullying with tariffs, while calling on representatives of American companies including Tesla, to “take concrete actions” to resolve the tariffs. Putting “America First” over international rules harms the stability of global production and the supply chain and seriously impacts the world’s economic recovery, Foreign…
United States President Donald Trump on April 6 told reporters that China is holding back on approval for the sale deal for TikTok as a response to his tariffs, AFP reported. Speaking to reporters aboard Air Force One, Donald Trump said that China “changed the deal because of tariffs”, and insisted that they would agree…
The action includes a further 34 per cent tariffs on imports from China, raising American tariffs on China to 54 per cent. In a statement on Thursday morning, the ministry accused the US of “typical unilateral bullying” and vowed to take resolute countermeasures. It also said Beijing would urge Washington to remove the tariffs and…