The Hong Kong Trade Development Council (HKTDC) will form a “strategic alliance” with the Bank of China (BOC) to get mainland Chinese companies to rely on the city as a “superconnector” as they venture overseas, its new chairman, Frederick Ma Si-hang, has said. The council’s new task would be part of an expansion of its…
President Donald Trump has unveiled new reciprocal tariffs on imports from dozens of countries, ranging from 10 percent to 41 percent, forging ahead with his efforts to reshape international trade. On Thursday, the White House issued a statement entitled “Further Modifying the Reciprocal Tariff Rates”, in which some 69 trading partners and their respective “adjusted”…
US President Donald Trump set the following rates by region in his executive order on Thursday, titled “Further Modifying the Reciprocal Tariff Rates”: Africa Algeria 30% Angola 15% Botswana 15% Cameroon 15% Chad 15% Ivory Coast 15% Democratic Republic of the Congo 15% Equatorial Guinea 15% Ghana 15% Guyana 15% Lesotho 15% Libya 30% Madagascar…
Trump imposed tariffs on dozens of countries in advance of his August 1 deadline to strike trade deals. US President Donald Trump has signed an executive order reimposing “reciprocal tariffs” ranging from 10 percent to 41 percent on US imports from dozens of countries and foreign locations. Separately, Trump also signed an executive order late…
Chinese authorities summoned Nvidia Corp. to discuss alleged security risks related to its H20 chips, casting doubt over the domestic business of the world’s most valuable company weeks after co-founder Jensen Huang met senior officials in Beijing. The Cyberspace Administration of China called company representatives into a meeting to discuss what it deemed serious security…
United States President Donald Trump has said it will be difficult to make a trade deal with Canada after it announced that it would back Palestinian statehood, following the examples of the United Kingdom and France amid growing international condemnation of Israel’s war on Gaza. “Wow! Canada has just announced that it is backing statehood…
US President Donald Trump said on Wednesday that talks with China on a tariff deal were “moving along well” and that the countries would reach a “fair” deal on trade, without offering additional details of the agreement. “We’re moving along with China. We’re doing fine with China,” Trump told reporters before leaving a bill-signing ceremony…
The US president said while India ‘is our friend’, it imposes stiff tariffs on US goods and buys too much Russian oil. United States President Donald Trump has announced a 25 percent tariff on Indian goods, as well as an unspecified penalty for the country’s purchase of Russian oil and military equipment, as the unending…
Some analysts say ceasefire remains tenuous, and may not last if the Thai government fails to secure lower US tariffs. A ceasefire between Thailand and Cambodia has been mainly holding as border tensions linger, with a truce agreement to end deadly clashes in effect, in part, due to economic pressure from United States President Donald…
Polls find that Americans have mixed feelings about Trump’s handling of the US economy and immigration. United States President Donald Trump‘s approval rating has dropped to 40 percent, the lowest level of his second term in office, as Americans remain concerned about his handling of the economy and immigration. The three-day poll by Reuters news…