U.S. retailers would typically be ramping up orders now for back-to-school shopping season and the holidays, NBC said. The current drop in shipping is raising fears that consumers might not have the …
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China caves on 125% tariff for major US export after White House predicts Beijing can’t keep up
China caved on one of its major 125% tariffs against ethane imports from the U.S. on Tuesday, having initially imposed the tariff last month.
Beijing lodges serious representations over Philippines’ moves
Beijing has lodged serious representations with the Philippines over its recent China-related negative moves, according to the Chinese Foreign Ministry.
China waives tariffs on US ethane imports, sources say
China has waived the 125% tariff on ethane imports from the United States imposed earlier this month, two sources with knowledge of the matter said on Tuesday, among a group of products that have been…
US tariffs could cost China 5–10 million jobs, ‘onus’ on Beijing, Bessent says
The administration later walked back its initial proposal, and announced April 9 it would immediately hike tariffs on Chinese goods to 145%, but scale back reciprocal tariffs on other countries for 90 …
Surge in trips expected for China’s May Day holiday, but travellers keep budgets tight
Domestic travel in China has boomed since the end of the country’s pandemic-era restrictions. Read more at straitstimes.com. Read more at straitstimes.com.
Bolshoi Ballet’s China tour to visit Shenzhen and Beijing but not Hong Kong
The famed Russian ballet company’s decision is the latest example of top performers skipping Hong Kong in favour of nearby cities.
Restaurant fire kills 22 in northeast China’s Liaoning
A restaurant fire in northeastern China killed 22 people on Tuesday, the official news agency Xinhua said, in the latest in a series of similar deadly incidents around the country.
China Spy Fears at Air Bases Lead to String of Tourist Detentions
Acting on a tip from U.S. military personnel, South Korean authorities detained two Chinese nationals on April 23 for using high-end cameras to photograph planes, on suspicion of violating Seoul’s …
China exports to U.S. drop sharply with tariffs in effect
The drop-off in bookings could lead to empty store shelves this summer as retailers deem China-made goods too expensive to import.
China says it won’t ‘kneel’ to U.S., urges countries to resist bullying
As the trade war between the two economic giants continues, Beijing declared that “bowing to a bully is like drinking poison to quench a thirst.” …
China ramps up global yuan push, seizing on retreating dollar
As Chinese President Xi Jinping toured Southeast Asia this month to forge closer ties against higher U.S. tariffs, the People’s Bank of China was seizing a moment of confusion and disruption in global …
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 …
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