The remarks show how the mood has changed across the bloc on the potential pact it hopes to agree with the Donald Trump administration. Brussels at first trashed the agreement that London struck with Washington, but now the EU is coming to terms with the prospect that keeping a 10 percent baseline tariff is the…
Hong Kong’s finance minister has dismissed concerns that foreigners are avoiding the city because of its strong connections to the mainland Chinese market amid the trade war, saying that investors are showing their confidence with their capital. At the “Summer Davos” forum on Wednesday, Financial Secretary Paul Chan Mo-po said Hong Kong’s strengths lay in…
China is publicly “deeply concerned” about events in the Middle East but privately is probably celebrating. America is off to war again, and China will be the winner as it has been for two decades. Throughout China’s rise as an industrial power since it joined the World Trade Organization on December 11, 2001 — exactly…
TIMOTHY A. CLARY/AFP via Getty Images 2025-06-18T17:52:40Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Apollo…
With the July 9 deadline for finalizing trade deals approaching, the Trump administration is advancing its global tariff strategy. This report outlines the latest developments in tariff implementations and ongoing negotiations with key trading partners. Details of U.S.-China Trade Deal High-level negotiations in London, concluded on June 10, 2025, have produced a framework agreement with…
When Dale McCarthy couldn’t find skilled workers to produce her brand’s swimwear, she had to take her manufacturing offshore. “You actually need five different types of machinery, and someone who is an expert at using that machinery, to make our swimwear,” she says. The founder of Bondi Born turned to China and Vietnam to manufacture…
NewsFeed The US has announced it will begin aggressively revoking Chinese students’ visas and increase scrutiny of future applicants. China has responded, saying it opposes any disruption to existing student exchange arrangements, as Katrina Yu reports from Beijing. Published On 29 May 202529 May 2025 Source link
China shrank its holdings of US Treasuries in March, with the UK replacing it as the No. 2 overseas owner. The month, which preceded the April turmoil in the Treasuries market, saw a second straight jump in foreign purchases, to a fresh record high. Total overseas holdings rose $233.1 billion, to $9.05 trillion, Treasury Department…
The thing about every ridiculous or outrageous public statement coming from US President Donald Trump and his cronies is how the world responds with a token bit of collective pearl-clutching and then moves on like nothing has happened until the next shocker. That’s why it’s important to keep reminding everyone what kind of people are…
Uncertainty surrounding escalating US-China tensions and a “relatively muted society” may have prompted Hong Kong authorities to propose new subsidiary legislation for safeguarding national security, observers have said, although they dismissed speculation the law targets ongoing high-profile cases. In addition, a legal scholar called for more procedural clarity when introducing bills, particularly in circumstances when…