Hong Kong’s freight forwarding industry is suffering collateral damage from an intensifying tariff war between China and the United States, shaking the city’s crucial role in re-exporting goods, business leaders have warned. Many manufacturers with more than 15 per cent of business exposure to China-US trade had been forced to slash jobs or save costs,…
Hong Kong’s freight forwarding industry is suffering collateral damage from an intensifying tariff war between China and the United States, shaking the city’s crucial role in re-exporting goods, business leaders have warned. Many manufacturers with more than 15 per cent of business exposure to China-US trade had been forced to slash jobs or save costs,…
US Stock Market Live: Benchmark indices on Wall Street gained for the second day in a row on Wednesday, but could not hold on to the initial euphoria of strong gains for two consecutive sessions. Futures this Thursday morning, Indian time, are trading in the red, although the losses are minimal. The Dow futures are…
File photo of US President Donald Trump and Chinese President Xi Jinping. Bengaluru: The US government is considering cutting its tariffs on Chinese imports in a bid to de-escalate tensions with Beijing, the Wall Street Journal reported on Wednesday. The China tariffs are likely to come down to between 50% and 65%, the report added…
Amid a tariff war with China, United States President Donald Trump has claimed that Beijing has reached out to Washington ‘a number of times’ since he hiked a blanket China tariff to 245 per cent. Donald Trump also said that both US and China are talking to each other to deal with the trade war….
New Delhi: China now faces tariffs of 245 per cent on import of goods into the United States “as a result of its retaliatory actions”, the White House said Tuesday afternoon (India time) as the trade war between the two countries appears to run further and further off road. The announcement came as President Donald…
New Delhi: Stock markets will be driven by further developments on the US-China tariff war front along with quarterly earnings announcements from IT majors Wipro and Infosys in a holiday-shortened week, analysts said. Global market trends and trading activity of foreign investors would also dictate market movement this week, experts noted. Equity markets would remain…
Washington: High drama on stock markets and tensions with China mixed with lighter fare for Donald Trump this week as he again dominated the news agenda for seven days. – Real pressure – Trump signed an executive order lifting water-pressure restrictions on showerheads, a move the White House said would “make America’s showers great again.”…
China has clarified the place of origin for integrated circuits (ICs) amid an escalating US-China tariff war, which is expected to give local semiconductor foundries a significant boost, potentially undermining US President Donald Trump’s plan to bring manufacturing back to America. The state-backed China Semiconductor Industry Association (CSIA) informed its members on Friday, citing customs…
Chinese President Xi Jinping has called on European nations to unite with Beijing against what he called U.S. “unilateral bullying,” in a clear swipe at President Trump’s escalating tariff war. During talks with Spain’s Prime Minister Pedro Sanchez in Beijing, Xi urged China-EU cooperation to safeguard global trade stability. Source link