US President Donald Trump has further raised tariffs on small parcels sent to the United States from mainland China and Hong Kong to 120 per cent from 90 per cent, as the stand-off between Washington and Beijing escalates. The increase came just a day after the US administration had tripled that rate from 30 per…
US President Donald Trump has tripled tariffs on small parcels exported from mainland China and Hong Kong which were exempt from duties, amid an escalating crossfire between the world’s two biggest economies. According to an amendment on so-called reciprocal tariffs published by the White House on Wednesday Hong Kong time, the new rate on packages…
The Hong Kong government has strongly opposed the United States’ decision to impose reciprocal tariffs on Hong Kong and cancel a duty-free exemption on small parcels from the city in May, condemning the actions as bullying and unreasonable. A government spokesman said on Thursday that the levy of the so-called reciprocal tariffs on Hong Kong…
WASHINGTON (TNND) — President Donald Trump is gearing up to apply a round of tariffs on Chinese, Canadian, and Mexican imports in early March, with a 25% measure going toward Mexico and Canada, while a 10% tariff will go into effect on China. A recent report suggests the move could be much more painful than…
Confusion has reigned since the United States Postal Service stopped accepting parcels from Hong Kong and mainland China and then quickly reversed its decision. The temporary suspension caught users of Hongkong Post and China Post off guard, with the former deciding not to accept any parcels for the US until clarifying issues surrounding the service….
Private courier firms are maintaining parcel deliveries to the United States despite Hongkong Post’s suspension of such services after the US flip-flopped on its mailing rules, although customers face higher costs and must provide additional documentation. Major courier firms including SF Express, DHL, FedEx, UPS and JD Express confirmed that they were continuing to accept…
CHATTANOOGA, Tenn. — About a day after stopping inbound shipments from China and Hong Kong, the U.S. Postal Service has reversed course on that ban. This comes as a trade war between the U.S. and China continues to develop. The Trump Administration put a 10-percent tariff on Chinese goods. The future of Chinese sites like…
By David Lawder WASHINGTON (Reuters) – President Donald Trump’s new tariff orders against Canada, Mexico and China all contain clauses suspending a duty-free exemption for low-value shipments below $800 that is widely seen as a loophole that has allowed shipments of fentanyl and its precursor chemicals into the United States. Staunching that flow was a…
China’s “lingerie capital” Lianyungang, once a thriving farming community in Jiangsu province, has enjoyed a meteoric rise fuelled by a US tariff exemption known as the “de minimis” rule. However, US president-elect Donald Trump has promised to end the exemption some lawmakers have labelled a “loophole”. Factory owners in Lianyungang have expressed fear their businesses…
The European Union has launched an investigation into Chinese online marketplace Temu, under suspicions that it is not cracking down on the sale of illegal products and that the platform’s design is “addictive” for users. The investigation comes under the European Commission’s Digital Services Act, a powerful instrument that gives it sweeping powers over online…