China has warned Australia it could be slapped with an additional 55 per cent tariff on beef imports within days if it exceeds new shipment quotas. Starting this year, Beijing introduced new quota and tariff arrangements for major beef-importing countries, including Australia, in a bid to protect local farms and beef producers. Australia’s annual import…
Customers of Hong Kong’s CLP Power are facing higher electricity bills in June, with the company increasing its fuel cost charge by 5.4 per cent from May, its third consecutive monthly rise. CLP Power, which serves more than 80 per cent of Hong Kong’s population, announced on Tuesday that its fuel cost adjustment for June…
China has granted export licences to eight new Australian facilities to start supplying beef, just months after introducing a range of trade measures and tariffs to protect its domestic cattle industry. China’s customs website (GACC) shows late on Friday (April 17), China approved access to six distribution centres (cold stores) and also two abattoirs —…
CLP Power, Hong Kong’s largest electricity supplier, will raise its fuel cost adjustment (FCA) next month – the first increase in more than a year – citing changes in actual fuel prices. Starting from April 1, the FCA will rise from 39.2 HK cents to 39.8 HK cents per kilowatt-hour, an increase of 0.6 HK…
The European Parliament on Monday decided to postpone a vote on the ratification process for the trade deal with United States, days after the US Supreme Court’s ruling on tariffs, two sources said, according to Reuters. The US Supreme Court had earlier struck down Trump’s previous global tariffs. (AFP) The US Supreme Court had earlier…
The United States Supreme Court’s decision to strike down President Donald Trump’s global tariffs, and his imposition of a 15% global tariff in response to the verdict, have concerned the world and its trade order. India and China seem to be among the biggest winners, while the United Kingdom appears to be the biggest loser…
US President Donald Trump on Saturday threatened to impose a 100 per cent tariff on all Canadian goods coming into the country if Ottawa goes on to strike a trade deal with China. Donald Trump has threatened Canada (AP) Addressing Canadian Prime Minister Mark Carney as governor, Trump said that China “will eat Canada alive”…
CHINA has followed-through on its year-long investigation into imported beef and its alleged impacts in the Chinese domestic beef industry, announcing a series of trade restrictions overnight. China’s Ministry of Commerce imposed a series of Safeguard limits on major beef exporters for the next three years, effective today – but the measures are far from…
An Australian meat industry peak body says China’s move to impose an added 55 per cent tariff on beef imports that exceed quota levels from several countries including Australia will have a “severe impact” and that it is “extremely disappointed”. China’s commerce ministry on Wednesday explained the tariffs, also impacting Brazil and the United States,…
Updated on: Dec 31, 2025 12:20 pm IST The decision spares imports from some developing nations. However, supplies from China, Vietnam and Nepal will be subject to the duty. India has imposed a three-year import duty of 11-12 per cent on some steel products, as per an order issued by the finance ministry, in a…