Temu has a new import charge that more than doubles the price of many items shipped from China, in response to imposed tariffs by the U.S.
Monthly Archives For April 2025
China’s 2025 GDP beats America’s by $7 trillion and the EU by $14 trillion, “a surprise to most people” – Elon Musk
China’s GDP reaches $35.29 trillion in 2025 PPP terms, outpacing the US and EU, according to Elon Musk’s xAI model Grok.
Walmart, Target resume business with some Chinese factories after tariff-related halt, suppliers say
Walmart and Target have resumed business with some of their Chinese suppliers, after pausing orders for a few weeks due to uncertainties over the imposition of steep US tariffs, two Chinese factories …
Waitrose supplier Bakkavor sells China operations in $67 million deal
UK fresh food provider Bakkavor Group said on Tuesday it will sell its China operations for a cash consideration of about 50 million pounds ($67 million), a move that comes amidst talks for a takeover…
Australia’s surge in wine exports to China begins to slow
Australia’s wine export boom to China that followed an improvement in relations between the two countries is showing signs of slowing, amid a broader global decline in the number of bottles headed to …
China’s April factory activity seen slipping as Trump tariffs bite: Reuters poll
China’s factory activity likely contracted in April, a Reuters poll showed on Tuesday, as Donald Trump’s “Liberation Day” package of tariffs brought a sudden halt to two months of recovery. A Reuters …
China’s BYD takes on Tesla with super-fast charging & autonomous driving technology
Canadian Prime Minister Mark Carney has won the country’s federal election Monday night, The Associated Press (AP) reported, marking a stunning resurgence for Canada’s Liberal Party in the wake of U.S …
AstraZeneca says may face further import tax fine from China
AstraZeneca on Tuesday said it had received an opinion from authorities in Shenzhen city of suspected unpaid import taxes of $1.6 million, adding that a fine of one to five times that amount may be…
China Offers Olive Branch to U.S. Firms After Boeing Delivery Halt
Beijing is willing to support normal business cooperation with American firms, China’s commerce ministry said, coming days after Chinese airlines were ordered to stop taking delivery of Boeing aircraft.
Shenzhen lags China in GDP, exports as tech hub preps for tariff wave
The southern metropolis failed to beat the national average, even as exporters locked in early orders to get ahead of US tariffs.
HSBC sees up to $1.6 billion in loss on China bank stake reduction
HSBC said on Tuesday that its stake in Bank of Communications (BOCOM) will drop to about 16% from 19.03%, and it will book a loss of up to $1.6 billion as a result of the…
Chinese airlines and Boeing severely hit by tariffs, Beijing says
BEIJING (Reuters) -Chinese airlines and Boeing have been severely affected by U.S.-imposed tariffs, China’s commerce ministry said on Tuesday, saying it hopes Washington will listen to companies’ …
Beijing will not engage in market dumping, China’s ambassador to India says
China will not dump its goods in other countries due to its trade and tariff war with the U.S., Beijing’s ambassador to India, Xu Feihong, wrote in an article on Tuesday, trying to allay fears…
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