The United States on Friday ended a tariff exemption for goods shipped from China worth less than $800, dealing a major blow to popular e-commerce sites such as Shein and Temu, whose cheap items consumers have come to rely on.The decision was announced last month, with the White House calling it a “critical step in …
US ends duty-free shipping loophole for low-cost goods from China Read More »
Former policeman Peter Dutton, the rival for the Australian prime minister’s job in Saturday’s election, is a self-professed sceptic of the rush to replace fossil fuels with renewable energy. The 54-year-old leader of the conservative Liberal Party has attacked centre-left Prime Minister Anthony Albanese’s “weak leadership” at a time of rising prices.Dutton — the son of …
Renewables sceptic Peter Dutton aims for Australian PM’s job Read More »
Hong Kong’s economy grew by 3.1 percent in the first quarter of the year, the city’s government said Friday, though it warned US tariffs had heightened “downside risks” in the global economy.US President Donald Trump’s stinging tariffs of 145 percent on many Chinese products came into force last month.Beijing has responded with fresh 125 percent …
Hong Kong posts 3.1% growth, warns of trade war ‘risk’ Read More »
China has said it has received overtures from the United States for talks on tariffs — but warned it will need concessions as proof of “sincerity” before any negotiations can take place.The world’s two largest economies are locked in a tit-for-tat tariff war that threatens hundreds of billions in trade and has roiled global markets …
China said Friday it is evaluating a US offer for negotiations on tariffs but insisted Washington must be ready to scrap levies that have roiled global markets and supply chains before talks can begin.Punishing US tariffs that have reached 145 percent on many Chinese products came into force in April while Beijing has responded with …
China says open to US trade talks offer but wants tariffs scrapped Read More »
Tokyo’s envoy for US tariff talks in Washington said Thursday that the second round of negotiations between the two countries had been “frank and constructive.”Japan, a key US ally and its biggest investor, is subject to the same 10 percent baseline tariffs imposed on most nations plus steeper levies on cars, steel and aluminum.President Donald …
Tokyo’s tariff envoy says US talks ‘constructive’ Read More »
With their sleek curves and chrome grilles, the classic American cars on sale at Yosuke Fukuda’s yard ooze Californian cool but on Japanese roads new US vehicles are a rare sight — much to President Donald Trump’s annoyance.Japan’s Toyota is the second-top-selling automaker in the United States, where it shifted more than 2.3 million vehicles …
Trump vs Toyota? Why US cars are a rare sight in Japan Read More »
Asian markets largely rose Friday, tracking Wall Street gains, as China said it was considering a US offer to negotiate steep tariffs.US markets forged higher Thursday following strong results from tech giants Microsoft and Meta that helped offset lingering economic worries.Apple reported first-quarter profit above expectations but warned that US tariffs could cost the company …
Asian stocks gain after China teases US tariff talks Read More »
Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and were disrupting its supply chain.Apple expects US tariffs to cost $900 million in the current quarter, even though their impact was “limited” at the start of this year, chief executive Tim Cook said on an earnings call.Cook …
Apple expects $900 mn tariff hit, US iPhone supply shifts to India Read More »
The United States is set to end tariff exemptions on Friday for goods shipped from China worth less than $800, a move which could have significant ramifications on consumers’ purchasing habits. US President Donald Trump’s decision to ban the so-called “de minimis” exemption from May 2 could affect some 4 million shipments every day, according to …
US to end shipping loophole for Chinese goods Friday Read More »
