Some North Jersey firms are already stockpiling raw materials such as steel and copper to avoid the spike in costs from Trump’s promised new tariffs.
BUSINESS
Chinese buyers slash Canadian canola imports on fears of anti-dumping duty
Chinese importers are scaling back purchases of Canadian canola with shipments from December likely to plunge as most buyers are reluctant to sign new deals for fear that Beijing could impose retaliatory anti-dumping duties.
Bitcoin hits $100,000-mark: How China lost crypto race to US and Trump
Bitcoin smashed the $100,000 barrier, fueled by Trump’s pro-cryptocurrency stance and his appointment of advocate Paul Atkins to the SEC. This win signifies a US dominance shift from China, whose …
Chinese cosmetics firm Mao Geping set to price shares at top of range in Hong Kong IPO, source says
By Scott Murdoch SYDNEY (Reuters) -Chinese cosmetics firm Mao Geping is set to price its shares at top of the price range to raise $270 million in a Hong Kong initial public offering, according to…
Analysis-China automakers pivot to hybrids for Europe to counter EV tariffs
That could see major brands such as China’s top EV maker BYD continue expansion in the region, analysts say. Some manufacturers are also shifting production and assembly to Europe to lower the cost …
20th China (Changsha) International Automobile Exposition kicks off
A staff member (L) introduces a car to a visitor at the 20th China (Changsha) International Automobile Exposition in Changsha, central China’s Hunan Province, Dec. 4, 2024. The 6-day exposition, with …
Meitaowan becomes home to ceramic art and fashion brands in Foshan
A worker hones a ceramic piece at an art studio of Meitaowan in Foshan, south China’s Guangdong Province, Dec. 3, 2024. Meitaowan, literally translated as “bay of beautiful ceramics,” has been known …
Pony AI fetches $5.25 bln valuation as shares jump 15% in Nasdaq debut
Shares of Pony AI opened about 15% above their offer price in their market debut on Wednesday, giving the robotaxi company a valuation of $5.25 billion, in an indication of a positive investor …
General Motors Takes $5 Billion Hit From Ailing China Business
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric vehicles from homegrown brands.
Rare earths producer Lynas surges on China export curbs
Lynas Rare Earths (OTCPK:LYSCF) (OTCPK:LYSDY) +5% in Australian trading on Wednesday, a day after China banned exports of critical minerals gallium, germanium and antimony to the U.S. U.S. imports of gallium metal and gallium arsenide…
What does the US import from Mexico, China and Canada?
Mexico, China and Canada — accounted for over 40% of the total value of all goods the U.S. imported. If Trump follows through on his plans, it could drive up prices on a range of…
The U.S.-China Trade War Could Be More Disruptive This Time
Global markets could turn volatile as investors realize there are no winners from a trade war between the two largest economies that is more disruptive than before.
Ticker: Trump names crypto booster to run SEC; GM to take $5B charge on China losses
President-elect Donald Trump announced Wednesday that he intends to nominate cryptocurrency advocate Paul Atkins to chair the Securities and Exchange Commission.
