The ministry said on Friday that the measures were “typical non-market practices with obvious discriminatory characteristics” and Beijing was “strongly dissatisfied [with] and firmly opposed” to them. “The US measures fully expose the unilateralist and protectionist nature of its policies,” it said. “They seriously harm the legitimate rights and interests of Chinese companies, disrupt the…
Hongkong Post has said it will stop accepting surface parcels containing goods destined for the United States with immediate effect. The postal service said on Wednesday it would contact senders of items that had not been shipped to the US yet to arrange for a return and a refund starting from April 22. Parcels containing…
When the first two rounds of 10% tariffs hit, Zou Guoqing, a Chinese exporter, groaned but didn’t find the barriers insurmountable. He gave up some of his profits and offered his client, a snow-bike factory in Nebraska, price cuts ranging from 5% to 10%. It seemed to work: The factory agreed to a new order…
Rick Woldenberg thought he had come up with a sure-fire plan to protect his Chicago-area educational toy company from President Donald Trump‘s massive new taxes on Chinese imports. “When he announced a 20% tariff, I made a plan to survive 40%, and I thought I was being very clever,” said Woldenberg, CEO of Learning Resources,…
STORY: :: Trade of goods between the U.S. and China could fall by up to 80%, the World Trade Organization warns :: April 10, 2025 :: Geneva, Switzerland :: Ngozi Okonjo-Iweala, WTO Director General “The escalating trade tensions between the United States and China pose a significant risk of a sharp contraction in their bilateral…
US President Donald Trump has further raised tariffs on small parcels sent to the United States from mainland China and Hong Kong to 120 per cent from 90 per cent, as the stand-off between Washington and Beijing escalates. The increase came just a day after the US administration had tripled that rate from 30 per…
Hong Kong Chief Executive John Lee Ka-chiu delivers a speech during a conference organized by the Hong Kong Federation of Overseas Chinese Associations at Wan Chai in the city, April 10, 2025. (ADAM LAM /CHINA DAILY) HONG KONG – Chief Executive John Lee Ka-chiu on Thursday urged overseas Chinese living in Hong Kong to stand…
A spokesperson for China’s Commerce Ministry said Thursday that Beijing hoped the U.S. would work to de-escalate the trade war between the world’s two largest economies after President Trump announced a pause on higher tariffs he had imposed on many other countries. “China’s position is clear and consistent: the door to talks is open, but…
President Trump’s self-proclaimed “liberation day,” in which he announced across-the-board tariffs on the United States’ trading partners, carries an echo of another moment when an advanced Western economy threw up walls around itself. Like Brexit, Britain’s fateful vote nearly nine years ago to leave the European Union, Mr. Trump’s tariffs struck a hammer blow at…
Tariffs imposed by the US will inevitably have a short-term impact on Hong Kong as an international trading hub, the city’s finance chief said, as he vowed to prepare for the worst and take action to support businesses. Financial Secretary Paul Chan Mo-po weighed in on the sweeping tariffs for the second straight day on…