Hong Kong’s economy will expand by between 2 and 3 per cent this year as previously forecast despite worsening geopolitics, with a robust local stock market, stabilised property sector and rising wages sustaining further growth, the government has said. The Census and Statistics Department said on Friday that economic growth for the second quarter was…
By Liz Lee and Shi Bu BEIJING (Reuters) -U.S. President Donald Trump has targeted top economic rival China with a cascade of tariff orders on billions of dollars of imported goods aimed at narrowing a wide trade deficit, bringing back lost manufacturing and crippling the fentanyl trade. The timeline below shows the development of the…
President Trump on Monday signed an executive order implementing another 90-day pause on additional tariffs on China that were set to take effect on Tuesday, reports said. The move again pushes off a deadline for imposing the harshest taxes on Chinese imports as the two sides continue negotiations on a deal. Reports from CNBC, The…
The European Union and China are to celebrate the 50th anniversary of the establishment of bilateral diplomatic relations in Beijing, as many contentious issues dampen the festive mood. European Commission President Ursula von der Leyen and European Council President António Costa are to meet Chinese President Xi Jinping and Prime Minister Li Qiang on Thursday…
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%…