Breaking with the United States, Canada has agreed to cut its 100% tariff on Chinese electric cars in return for lower tariffs on Canadian farm products, Prime Minister Mark Carney said Friday. Carney made the announcement after two days of meetings with Chinese leaders. He said there would be an initial annual cap of 49,000…
President Trump’s most sweeping tariffs face a landmark test of presidential powers, as the US Supreme Court is set to rule on the implications and legality of Trump’s global duties on trade partners. The high court’s first two opportunities to issue a verdict this year — the latest on Wednesday — have come and gone…
In some of the darkest days in the political relationship between Australia and China, trade became a tool to inflict pain. The early 2020s trade war saw China slap higher tariffs on Australian wine and barley, impose biosecurity measures against beef and timber, and ban lobsters and even some coal. It took four long years…
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…
On December 18, China made a bold move on the global economic chessboard. It launched a massive free-trade experiment by turning the entire island province of Hainan – an area, comparable in size to Belgium, whose gross domestic product was US$113 billion last year – into a duty-free customs zone. A new narrative has now…
National Economic Council Director Kevin Hassett said Sunday that the Trump administration expects the US Supreme Court to rule in its favor in a case that challenges the legality of President Trump’s tariffs. The court’s decision could not only invalidate most of the tariffs but possibly force the government to issue refunds of up to…
National Economic Council Director Kevin Hassett said Sunday that the Trump administration expects the US Supreme Court to rule in its favor in a case that challenges the legality of President Trump’s tariffs. The court’s decision could not only invalidate most of the new tariffs, but possibly force the government to issue refunds of up…
Last week, as officials weighed the decision, Huang told reporters in Washington that he had no clue if China would accept H200 chips. (Graeme Sloan/Bloomberg) December 12, 2025 4:49 PM, EST Key Takeaways: China is rejecting Nvidia’s H200 AI chip in favor of domestic semiconductors, White House AI czar David Sacks said, questioning a Trump administration strategy…
A worker cuts a stainless steel sheet at a steel manufacturing facility in Mexico City. (Mauricio Palos/Bloomberg) December 11, 2025 9:58 AM, EST [Stay on top of transportation news: Get TTNews in your inbox.] Mexican lawmakers gave final approval for new tariffs on Asian imports, broadly aligning with U.S. efforts to tighten trade barriers against…
China’s trade surplus has topped $US1 trillion ($1.5 trillion) for the first time as manufacturers seeking to avoid President Donald Trump’s tariffs shipped more to non-US markets, with exports to Europe, Australia and South-East Asia surging. Shipments to the United States dropped by close to one-third when comparing November data to the same month last…