On Monday, President Donald Trump began notifying trade partners of sharply higher U.S. tariffs from August 1, after he delayed all but 10% of his April duties on most countries to give them time to strike deals with the world’s largest economy. China, initially singled out with tariffs exceeding 100%, has until August 12 to…
HSBC is launching a new education series to equip Hong Kong’s small and medium-sized enterprises (SMEs) with knowledge to help them maintain smooth business operations amid the threat of disruption from US tariffs. The city’s largest lender said the Account Fitness initiative would help SMEs effectively manage and maintain healthy accounts. “Many entrepreneurs of SMEs…
As Beijing looks to shore up China’s economic growth amid mounting challenges, Premier Li Qiang has called on Jiangsu province, a key manufacturing hub on the country’s east coast, to step up its efforts in technology, trade and consumption. During a three-day visit to the province from Monday, Li emphasised the importance of embracing innovative…
Over the past five months, tariffs have shaken the entire fashion industry in the US and beyond. Everyone, from independent designers to the major conglomerates, has been affected. On 29 May, Anna Wintour, global editorial director of Vogue and chief content officer of Condé Nast, visited the White House with Steven Kolb, CEO of the…
This month the UK has signed trade deals with India, the US and the European Union. At a time of worry about the prospects for world trade, this should be a reason for feeling less depressed about the outlook for Britain. But the deals, while better than none, might not merit even one cheer. The…
Trump announces trade agreement with UK (Photo: AP) US President Donald Trump announced Thursday an agreement with Britain on trade, which would be the first such deal since he launched his global tariffs blitz.Trump provided no details about the scope of the agreement, which comes a month after he imposed sweeping tariffs on US trading…
In the past month, global fashion brands have been scrambling to make sense of President Donald Trump’s ‘Liberation Day’ tariffs. Production and material costs quickly spiked for independent brands, suppliers in established garment manufacturing countries saw orders paused or cancelled, and share prices slumped across the industry. As fashion reeled over rising prices, many looked…