By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) – Apple’s main India suppliers Foxconn and Tata shipped nearly $2 billion worth of iPhones to the United States in March, an all-time high, as the U.S. company airlifted devices to bypass President Donald Trump’s impending tariffs, customs data shows. The smartphone maker stepped up production in India …
BEIJING (Reuters) – The head of China’s General Administration of Customs on Tuesday encouraged import and export businesses to rise to the challenges presented by sweeping U.S. tariffs by expanding in diverse markets. Speaking at a meeting with representatives from companies and industry associations on Tuesday, Sun Meijun said she hopes that entrepreneurs can make …
China’s customs administration encourages companies to expand in diverse markets Read More »
By Olesya Astakhova MOSCOW (Reuters) – China is set to increase its imports of Russian liquefied natural gas (LNG) this year, its ambassador to Russia said on Tuesday. “I know for sure that there are a lot of buyers. So many buyers are asking the embassy to help establish contacts with Russian suppliers, I think …
China is set to import more Russian LNG in 2025, ambassador says Read More »
BEIJING (Reuters) -China’s Premier Li Qiang called on the country’s exporters on Tuesday to diversify their markets to cope with “profound” external changes, and vowed to support more domestic consumption, state media reported. China has been hit with the highest tariffs in U.S. President Donald Trump’s moves to impose hefty duties on imports. Last week, …
China’s premier urges exporters to diversify markets amid ‘profound’ changes Read More »
BEIJING (Reuters) – China’s biggest pig breeder Muyuan Foods said it is pursuing a second listing on the Hong Kong Stock Exchange, an exchange filing showed on Tuesday. The company, already listed on China’s Shenzhen bourse, said the Hong Kong listing is aimed at deepening the company’s globalisation strategy, adding that the plan is pending …
China’s top pig breeder Muyuan Foods seeks Hong Kong listing Read More »
By Maki Shiraki TOKYO (Reuters) – Nissan will cut Japanese production of its top-selling U.S. model, the Rogue SUV, over May-July, said a person familiar with the matter, becoming the latest global automaker to alter manufacturing plans in response to new U.S. import tariffs. U.S. President Donald Trump’s decision to slap a 25% levy on …
By Ellen Zhang and Kevin Krolicki GUANGZHOU, China (Reuters) – Candice Li says that after Washington raised tariffs on Chinese goods by 145%, U.S. orders for the medical devices her firm is making have vanished. “It’s a matter of life and death because 60-70% of our business is with American clients,” said Li, marketing manager …
At China’s largest trade fair, exporters say US markets are ‘frozen’ Read More »
BEIJING (Reuters) – China is tightening regulations on battery-powered vehicles and will require its automakers to comply with higher battery safety standards, aiming to reduce risks of fire and explosions in the fast-growing sector. The Ministry of Industry and Information Technology on Monday issued a set of technical standards for the batteries in electric vehicles …
China to tighten EV battery rules to reduce fire and explosion risks Read More »
By Jihoon Lee and Joyce Lee SEOUL (Reuters) – South Korea will seek to delay the implementation of tariffs as long as possible in negotiations with the United States, its finance minister said on Tuesday, as Seoul targets cooperation in areas of mutual interest such as shipbuilding and energy. Officials in Seoul have been scrambling …
South Korea aims to delay US tariffs in talks, cooperate in mutual areas Read More »
SEOUL (Reuters) -South Korean industry ministry officials are considering travelling soon to Alaska as part of working-level negotiations between the United States and South Korea over Alaska’s gas project, the ministry said on Tuesday. If South Korea is able to win concessions from Washington over auto tariffs, Seoul could in turn look at participating in …
South Korean officials considering Alaska trip for gas project talks Read More »
