Beijing’s comments come after White House says Chinese exports could face duties of up to 245 percent. China’s Ministry of Foreign Affairs has said it will pay no attention to United States President Donald Trump’s “tariff numbers game” after the White House suggested Chinese exports are facing tariffs of up to 245 percent. The White…
Dilara Irem Sancar | Anadolu | Getty Images China last week announced it was done retaliating against U.S. President Donald Trump’s tariffs, saying any further increases by the U.S. would be a “joke,” and Beijing would “ignore” them. Instead of continuing to focus on tariffing goods, however, China has chosen to resort to other measures,…
NEW YORK — U.S. stocks fell Wednesday after Nvidia warned new restrictions on exports to China will chisel billions of dollars off its results, while companies around the world said President Trump’s trade war is clouding forecasts for how they and the economy will do this year. The Standard & Poor’s 500 index sank 2.2% after falling…
Aerial view of the import and export container terminal of Longtan Port on December 26, 2024 in Nanjing, Jiangsu Province of China. China News Service | China News Service | Getty Images U.S. importers are being notified of an increase in canceled sailings by freight ships out of China as ocean carriers try to balance…
Videos posted by Chinese TikTok users that suggest people should purchase fashion items directly from factories in China have surfaced in the U.S. in recent weeks, according to Bloomberg. The videos claim many apparel brands, such as Nike and Lululemon, get their products from Chinese factories, with some praising the quality of Chinese manufacturing, the outlet reported Monday….
Check out the companies making headlines in premarket trading. Nvidia — Shares slipped more than 6% after the chipmaker said it will take a quarterly $5.5 billion charge tied to exporting H20 graphics processing units to China, as well as other destinations. Nvidia said in a filing that the U.S. government informed the company it…
Hong Kong Art Week offered a dizzying array of artistic endeavours across its flagship events last month. Yet away from the headline-grabbing happenings along the harbourfront and the Hong Kong Convention and Exhibition Centre, the city’s artists are working quietly to make meaningful contributions to the art scene. Andy Li San-kit, Yvonne Feng and Ye…
Style Points is a column about how fashion intersects with the wider world. “Last Days to Save. Shop Tariff-Free,” read the header on one high-end resale site last week. It was a sign that even the secondhand market—projected to become a $40 billion juggernaut by 2029—is set to be buffered by the proposed tariffs that…
Chinese police add three alleged NSA agents to a wanted list over ‘advanced’ attacks. Police in the northeastern Chinese city of Harbin have accused the National Security Agency (NSA) of the United States of launching “advanced” cyberattacks during the Asian Winter Games in February, targeting essential industries. They added three alleged NSA agents to a…
The United States and China are in a trade war face-off. The US exported $143bn worth of goods to China in 2024 and has a trade deficit of $295bn. To curb that, President Donald Trump has ratcheted tariffs up to a never-before heard of 145 percent on China, which has retaliated with 125 percent taxes…