As the leaders of Canada and Mexico rushed to respond after Donald Trump started a new trade war, Chinese President Xi Jinping took a breath before his nation announced any concrete retaliation.Following through on a threat made after he won the presidency, Trump on Saturday imposed a blanket 10% levy on China, and 25% duties…
America’s new tariffs on Chinese imports could trigger domestic inflation in the United States, potentially prolonging Hong Kong’s high interest rate environment and putting pressure on locally based businesses, the city’s finance chief warned on Sunday. Financial Secretary Paul Chan Mo-po also said city authorities were considering adjusting a HK$2 (26 US cents) concessionary fare…
America’s new tariffs on Chinese imports could trigger domestic inflation in the United States, potentially prolonging Hong Kong’s high interest rate environment and putting pressure on locally based businesses, the city’s finance chief has warned. Financial Secretary Paul Chan Mo-po also said on Sunday that city authorities were considering adjusting a HK$2 (26 US cents)…
US President Donald Trump slapped tariffs on major US trade partners, including Canada, Mexico, and China. Citing a “major threat” posed by illegal immigration and drug trafficking, Trump invoked emergency economic powers to implement the tariffs. US President Donald Trump talks to reporters after signing an executive order, (Getty Images via AFP) Starting Tuesday, Canadian…
The United States will impose tariffs on countries that “harm” America, President Donald Trump announced, naming China, India, and Brazil as examples of high-tariff nations. Speaking to House Republicans at a retreat in Florida, Trump said, “We’re going to put tariffs on outside countries and outside people that really mean harm to us. Well, they…
The router-manufacturer TP-Link, established in China, has roughly 65% of the U.S. market for routers for homes and small businesses. It is also the top choice on Amazon, and powers internet communications for the Defense Department and other federal government agencies. Investigators at the Commerce, Defense and Justice departments have opened their own probes into…
One of America’s largest toy makers says it is negotiating with suppliers and considering design changes ahead of potential new levies. “We’ve been preparing for many months for any contingency,” Chris Cocks, Hasbro’s chief executive, said in an interview. The threat of new taxes on toy imports comes amid a long-term shift in the industry…