While Donald Trump’s wide-ranging taxes on imports face scrutiny in court, he has touted a new “deal” with China that will see tariffs against the country remain at historic levels. Here’s what it will mean…
Monthly Archives For June 2025
China grants rare earth export permits after US trade talks, offers relief but uncertainty persists
China has approved “a certain number” of export permits for rare earth elements and related items, its commerce ministry spokesman said on Thursday.
Stellar’s Denelle Dixon on PayPal launching its stablecoin on the foundation’s blockchain
Denelle Dixon, CEO of the Stellar Foundation, discusses PayPal’s launch of its stablecoin, PYUSD, on the foundation’s blockchain network.
Nvidia will stop including China in its forecasts amid US chip export controls, CEO says
Chipmaker Nvidia will exclude the Chinese market from its revenue and profit forecasts following the imposition of tough US restrictions on chip sales to China, its CEO said Thursday.
US says China’s Huawei can’t make more than 200,000 AI chips in 2025
HWT.UL] is capable of producing no more than 200,000 advanced artificial intelligence chips in 2025, a top U.S. exports controls official told lawmakers on Thursday, warning that though the number is …
China plans to drop all tariffs on African imports for new markets as it settles with Trump
China has announced that it plans to remove the tariffs it charges on imports from all 53 African countries with which it has formal ties.
China Should Use Offshore Stablecoin to Boost Global Currency Role, Experts Say
A commentary publsihed by JD.com economists urges offshore issuance of yuan-backed stablecoin to expand the currency’s global use.
Strontium optical lattice clock in China surpasses key benchmarks for precision timekeeping
A research team led by Prof. Chang Hong from the National Time Service Center (NTSC) of the Chinese Academy of Sciences (CAS) has developed a strontium optical lattice clock with both frequency …
China Construction Bank Establishes CCB SG Vision Foundation with TT Foundation Advisors
CCB becomes the first Chinese financial institution in Singapore to collaborate with TT Foundation Advisors on philanthropy The Foundation has made its first contribution to Business China to support …
China eyes stronger cooperation with ECB amid global trade tensions
China is ready to strengthen cooperation with the European Central Bank (ECB), including on reforming the international monetary system, Premier Li Qiang told ECB President Christine Lagarde at a …
China says it will remove all tariffs on African exports to boost trade
China will negotiate and sign a new economic pact with Africa that will get rid of all tariffs on the 53 African states it has diplomatic ties with, it said, a move that could benefit…
Trump Says Trade Deal With China is ‘Done,’ Imposes 55% Tariff
The US has reached a new trade agreement with China under which all Chinese imports will face a 55% tariff, while American exports to China will be subject to a reduced 10% tariff. This was…
Trump confirms China deal, but markets stay jittery
Bitcoin slips below $107K as profit-taking and Peter Brandt’s warning overshadow optimism from U.S.-China trade truce.
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