United States President Donald Trump says American tariffs on Chinese imports will come down “substantially” from the current rate of 145 per cent. “It won’t be that high, not going to be that high,” he told an Oval Office press conference on Tuesday, local time. Mr Trump said he believes a tariff deal with China…
John Gutierrez had been thinking about buying a new laptop for the past year. The Austin, Texas, resident needed a computer with faster processing and increased storage for his photography work and had his sights set on a product from a Taiwanese brand. Then President Donald Trump announced expansive new import tariffs Wednesday, including a 32% tax on imports…
Police have arrested a man who worked as a handyman for an 82-year-old woman whose remains were found buried beneath a shed he built in northwestern Washington, several weeks after she disappeared, authorities announced Monday. Jeffrey Zizz, who was originally arrested in Missoula, Montana, for violating the terms of a previous sentence for an unrelated…
Washington’s roughly one-month tariff exemption on electronic devices, including smartphones, computers and semiconductors, has done little to ease concerns among Hong Kong’s re-exporters, as ongoing uncertainty hampers their planning. Industry leaders highlighted the urgency of tapping into emerging markets to navigate the tariffs and urged the government to provide more support to small and medium-sized…
Washington’s roughly one-month tariff exemption on electronic devices, including smartphones, computers and semiconductors, has done little to ease concerns among Hong Kong’s re-exporters, as ongoing uncertainty hampers their planning. Industry leaders highlighted the urgency of tapping into emerging markets to navigate the tariffs and urged the government to provide more support to small and medium-sized…
WASHINGTON (Gray DC) – A stark warning from President Donald Trump Friday to Ukraine and Russia, telling the two countries that the U.S. may soon walk away from peace negotiations if progress doesn’t happen soon. “If for some reason, one of the two parties makes it very difficult, we’re just going to say you’re foolish,…
Mainland Chinese manufacturers at a trade show in Hong Kong have been keen to diversify their markets towards the Middle East to mitigate the impact of the intensifying trade war. More than 150,000 products were on display at the second phase of the Global Sources Hong Kong Shows held at the AsiaWorld-Expo from Friday to…
Nvidia CEO Jensen Huang’s surprise visit to Beijing to meet top Chinese officials this week was meant to convey the US chip giant’s commitment to China amid Washington’s tighter restrictions on semiconductor exports, analysts said. According to the official Xinhua news agency, Huang met He Lifeng, the Chinese vice-premier in charge of US-China trade talks,…
Nvidia founder and CEO Jensen Huang has made a surprise visit to Beijing, meeting Chinese officials a day after the US chip giant disclosed that Washington will now require a licence to export its H20 chips to China, a move the company expects to cost it US$5.5 billion. Huang’s visit comes as Beijing and Washington…
The ongoing tariff war is expected to put additional pressure on banks in Hong Kong, which are already grappling with elevated non-performing loans due to a prolonged property sector slump, according to Fitch Ratings. “Higher tariffs would reinforce our deteriorating banking sector outlooks for China and Hong Kong,” the rating agency said in a report…