Bitcoin continued its recovery and topped the $94,000 mark as President Donald Trump softened his stand on China tariffs and the Fed chair.
Monthly Archives For April 2025
Trump considers cutting China tariffs by 65%, says he never wanted to fire Fed’s Powell
President Donald Trump is now weighing a huge cut to the trade penalties he dropped on Chinese imports, with new tariff levels possibly falling by more than half.
On TikTok, Chinese manufacturers open a new line in trade war with US
Chinese manufacturers are leveraging TikTok and other social media platforms to directly appeal US consumers, offering luxury goods at significantly reduced prices. These factories claim to produce …
Luxury brands cut price of exclusivity as Chinese spending drops
ON A recent spring afternoon, models paraded Louis Vuitton’s latest collection inside the French brand’s Beijing flagship store, to the clink of champagne flutes and polite applause from a select …
China, Kenya upgrade ties amid ‘turbulent international situation’
China and Kenya announced they had upgraded ties to a “new level” on Thursday during a meeting between President Xi Jinping and Kenyan President William Ruto in Beijing, as they both pledged to create …
From banning tech to ending sister-city ties, US states have at least 240 anti-China proposals
State lawmakers across the U.S. have introduced at least 240 anti-China proposals this year, aiming to ensure public funds don’t buy Chinese technology or even T-shirts, coffee mugs and key chains for …
Bessent says IMF and World Bank need reform and there’s an ‘opportunity for a big deal’ with China
Treasury Secretary Scott Bessent has played a balancing act trying to reassure nervous investors that the U.S. would maintain its global leadership role while staying true to the Trump …
China Refuses to Do Business With Major U.S. Company Amid Tariffs
Tensions between the United States and China have been high in recent weeks as a result of a trade war between the two countries. And it sounds like one major U.S. company has been impacted.…
Hang Seng Index edges down in opening trades
The Hang Seng Index lost 42 points, or 0.19 percent, to open at 22,030 on Thursday. Mainland stocks opened lower, with the benchmark Shanghai …
End Of US-China Trade War? Trump Signals Softening Stance, Says Will Reduce Tariffs On Beijing ‘Substantially’
Speaking at a White House press briefing on Tuesday, Trump said the tariff rate, which has reached as high as 145 per cent, is “very high and it won’t be that high.” …
China’s fast-growing EV makers pursuing varied routes to global expansion
The world’s auto industry is getting a shake-up from Chinese automakers that are quickly expanding across the globe, offering relatively affordable electric vehicles designed to wow car buyers with …
Tech war: Shanghai chip firm doubles quarterly profit as China expands supply chain role
Semiconductor design firm Montage Technology is currently one of the world’s three main suppliers of connector chips to the DRAM market Chinese semiconductor company Montage Technology reported a …
Bessent Says U.S. Wants to Help China Pivot Away From Exports
The U.S. wants to help China pivot away from an economic model focused on exports instead of consumption, Treasury Secretary Scott Bessent said Wednesday. “China’s current economic model is built on …
