It is much cheaper to buy designer goods in Europe than in China, and professional resellers are profiting from the gap. Posh labels are finding it hard to crack down.
Monthly Archives For September 2024
A fight is brewing as TuSimple tries to move $450M to China and pivot from self-driving trucks to AI animation
TuSimple, once a buzzy startup considered a leader in self-driving trucks, is trying to move its assets to China to fund a new AI-generated animation and video game business. The pivot has not only puzzled…
Pope makes new overture to China, calling Beijing ‘a promise and hope’ for the church
ABOARD THE PAPAL PLANE — Pope Francis declared Friday that China was “a promise and a hope” for the Catholic Church, offering extensive praise for Beijing at the end of a four-nation tour through …
Pets, sports, and Disney might end up rescuing China’s ailing consumer economy
China’s pets, sports, and cultural IP economies are poised for rapid growth, with supply currently lagging huge demand in those markets, BofA says.
As Maldives Faces Debt Default, China Inks New Finance Pact. Details Here
China and Maldives have signed a new agreement today that allows Beijing to lend more financial support to the already debt-distressed nation. China’s central bank has said the pact will also help …
Biden is taking on cheap products from China. It could mean higher prices
The Biden administration is cracking down on the cheap products sold out of China by companies such as Temu and Shein.
China, Maldives Sign Financial Cooperation Agreement
BEIJING (Reuters) – China’s central bank said on Friday it had signed a memorandum of understanding with the Maldives’s ministry of economic development and trade to establish a framework for promoting local currency settlement, currency…
Biden targets Shein, Temu with new rules to curb alleged ‘abuse’ of U.S. trade loophole
Under a new White House rule proposal, Chinese exports subject to U.S. tariffs would no longer be eligible for the de minimis shipping loophole.
China’s carrot-and-stick with EU trading partners start to pay off
Beijing, as a vote on EU duties on China-made electric vehicles looms, employed a carrot-and-stick approach to deal with the 27-strong bloc, threatening trade retaliation while cajoling key EU states into one-on-one talks on deals…
China out in the cold for foreign investors
Investors generally agree that the dark clouds building over the US economy and the apparent cooling of the rush to buy whizz-bang tech stocks are painful on the one hand, but great news for some…
NATO Warships Transit Taiwan Strait, Defying China’s Warnings
Two German warships passed through the contested Taiwan Strait on Friday, defying warnings from China to the NATO member as Beijing claimed the self-ruled Taiwan as part of its territory. “International waters are international waters.
U.S. Locks in Steep China Tariffs, Many to Start Sept. 27
A 100 percent tariff on EVs leads a host of import duties on solar panels, steel, aluminum, EV batteries, and key minerals.
Biden finalizes increases to some of Trump’s China tariffs
The majority of shipments using this exemption, known as “de minimis,” are coming from China, the White House said. The administration’s change to the trade regulation will make some imports …
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