Hongkong Post announced on Wednesday the suspension of shipping services to the United States, citing “bullying” tariff increases implemented by US President Donald Trump. The postal authority confirmed it would “definitely not collect any… tariffs on behalf of the US and will suspend the acceptance of postal items containing goods destined to the US”.The service…
Beijing has made its response, a rather ambiguous one, after a new tariff rate figure on China, as high as 245%, emerged from a White House fact sheet on Wednesday. Chinese Foreign Ministry spokesperson Lin Jian, as quoted by Global Times, said they should ask the US side for the “specific tax rate figures.” Speaking…
Nvidia – and several of its biggest customers in China – have been hit by the latest US computer chip clampdown. The Trump Administration told the world’s leading chip designer on Monday it will need a licence to sell its H20 chip, which was specially designed for artificial intelligence use in China. The clampdown…
Topline Hong Kong Post on Wednesday announced it was suspending shipment of all packages to the U.S. as a result of the Trump administration’s tariffs and the removal of an exemption that allowed lower value shipments to the U.S. duty free. Hong Kong’s postal service said April 16 it will stop shipping goods bound for…
Trump claims inflation falling and tariffs bringing in ‘record numbers’ Hello and welcome to the US politics live blog. I’m Tom Ambrose and I will be bringing you the latest news lines over the next few hours. We begin with Donald Trump having claimed that the cost of all products including gasoline and groceries have…
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets The escalating U.S.-China trade war has expanded and moved beyond tariffs, now hitting everything from chips to planes and pharma. The tensions upended the week’s fragile market stability while hitting the dollar…
© P0temkin | Alongside a blistering attack on the US, Hongkong Post announced this morning it would suspend services for goods to the country. Following the decision by the White House to end de minimis exemptions for postal items sent from China and Hong Kong and increase tariffs, Hongkong Post said: “The US is unreasonable,…
(Bloomberg) — China wants to see a number of steps from President Donald Trump’s administration before it will agree to trade talks, including showing more respect by reining in disparaging remarks by members of his cabinet, according to a person familiar with the Chinese government’s thinking. Most Read from Bloomberg Other conditions include a more…
Global markets are again under pressure following an escalation in U.S.–China trade tensions, with investors fleeing to havens and tech stocks taking a beating. Gold surged over 2% on Wednesday to top $3,300 per ounce and set a new record high. The dollar weakened further, and Nasdaq futures pointed to a rough day ahead for…
“Your capital is safe” in Hong Kong, Financial Secretary Paul Chan Mo-po told wealthy families on Wednesday as he sought to reassure them that Hong Kong is a premier destination for capital investment amid the raging trade war. The so-called reciprocal tariffs imposed by the US on its trading partners underscored Hong Kong’s soundness as…