Chinese tea firm Chagee has raised $411 million by setting the price of its shares at $28 each in its New York initial public offering, according to two sources with direct knowledge of the matter.
BUSINESS
Those TikTok Wholesale Finds From China—From Birkins To Birkenstocks—Are Probably Fake. Here’s Why.
Chinese manufacturers are using Trump’s tariffs as a marketing opportunity, advertising “luxury” products directly from the factory on TikTok, but they’re unlikely to be the actual products, or of the …
China’s Crypto Conundrum: Billions Seized, No Rulebook in Sight
China seized $59B in crypto but lacks clear rules; local governments sell tokens abroad as debate grows over legal frameworks and global market impact.
Imports from China now face tariffs of up to 245%, White House says
“China now faces up to a 245% tariff on imports to the United States as a result of its retaliatory actions,” the fact sheet said. “This includes a 125% reciprocal tariff, a 20% tariff to…
Tesla suspends importing Cybercab, Semi parts from China as Trump tariff war wages on: report
Elon Musk’s Tesla has reportedly halted imports from China of car parts needed for its upcoming Cybercab and Semi electric truck due to the impact of President Trump’s trade war with Beijing.
Local Chinese Governments Mulling How To Dispose of Growing Stockpile of Seized Crypto Assets: Report
Local Chinese governments are reportedly contemplating how to get rid of their burgeoning stashes of seized crypto assets.
Scott Bessent Says China Won’t ‘Weaponize’ US Treasuries, Citing Risk To RMB And Exports: ‘We Do Buybacks’
Treasury Secretary Scott Bessent has said that China couldn’t sell U.S. Treasuries to destabilize the financial markets, as it would affect their economy by weakening their currency. What Happened: Bessent,
Crypto dips, China open to Tariff talks, Nvidia faces chip ban
Crypto dips, China open to Tariff talks, Nvidia faces chip ban FOMO HOUR EP338 BTC falls below 200D MA in bearish sign. BTC correlation to stocks nearly 0. BTC miners are main sellers amid higher…
Have China’s Local Governments Just Sold 15K Bitcoin Worth $1.35B? Here Are the Facts
Circulating reports suggesting local governments in China recently sold over $1 billion in Bitcoin might be misrepresenting facts. Recent rumors across crypto media have stirred fears that Chinese …
Chinese tea firm Chagee aims for $400mn New York IPO despite tariff war
a provider of IPO research. Chagee’s offering comes days after the Trump administration increased tariffs on Beijing to about 120 per cent amid a trade war that economists expect to hit global growth.
Why it’s nearly impossible for America to meet its rare-earth needs after China’s export restrictions
China has managed to hit the U.S. where it hurts the most in response to the Trump administration’s tariffs, with restrictions on global exports of certain rare-earth elements that the U.S. has little ability to…
Ford’s China business made $900 million last year
Ford Motor’s China business, including exports from the country, made $900 million in earnings before interest and taxes last year, one of the automaker’s top executives said Wednesday.
Dow Jones Today: Futures Slide as Nvidia, AMD Lead Chip Stocks Lower Amid Restrictions on Exports to China
Futures are pointing to a lower open for major indexes on Wednesday as chip stocks slide amid concerns about export restrictions to China.
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