The Biden administration is cracking down on the cheap products sold out of China by companies such as Temu and Shein.
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Biden is taking on cheap products from China. It could mean higher prices
China, Maldives Sign Financial Cooperation Agreement
BEIJING (Reuters) – China’s central bank said on Friday it had signed a memorandum of understanding with the Maldives’s ministry of economic development and trade to establish a framework for promoting local currency settlement, currency…
Biden targets Shein, Temu with new rules to curb alleged ‘abuse’ of U.S. trade loophole
Under a new White House rule proposal, Chinese exports subject to U.S. tariffs would no longer be eligible for the de minimis shipping loophole.
China’s carrot-and-stick with EU trading partners start to pay off
Beijing, as a vote on EU duties on China-made electric vehicles looms, employed a carrot-and-stick approach to deal with the 27-strong bloc, threatening trade retaliation while cajoling key EU states into one-on-one talks on deals…
China out in the cold for foreign investors
Investors generally agree that the dark clouds building over the US economy and the apparent cooling of the rush to buy whizz-bang tech stocks are painful on the one hand, but great news for some…
NATO Warships Transit Taiwan Strait, Defying China’s Warnings
Two German warships passed through the contested Taiwan Strait on Friday, defying warnings from China to the NATO member as Beijing claimed the self-ruled Taiwan as part of its territory. “International waters are international waters.
U.S. Locks in Steep China Tariffs, Many to Start Sept. 27
A 100 percent tariff on EVs leads a host of import duties on solar panels, steel, aluminum, EV batteries, and key minerals.
Biden finalizes increases to some of Trump’s China tariffs
The majority of shipments using this exemption, known as “de minimis,” are coming from China, the White House said. The administration’s change to the trade regulation will make some imports …
China’s IPO and M&A Bankers Start to Regain Their Swagger
Hi it’s Ben Scent in London and Manuel Baigorri in Hong Kong, looking at the signs of deals revival in China. Also today, DSV is finally confirmed as the winner for Deutsche Bahn’s logistics unit…
China unveils plan to boost mobile IoT sector
China had a total of 2.55 billion mobile IoT connections, which represents 59% of its total mobile terminal connections
Beijing bans PwC’s China unit for concealing fraud in Evergrande audit
The authorities in China have banned the accounting firm PwC for six months and fined it over 400 million yuan (€50.86m). The decision comes after regulators found PwC staff hid fraudulent practices …
U.S., EU firms lament record difficulty operating in China
China is facing a near-unprecedented swell of discontent among American and European firms in the country, as its economy slows and political tensions flare, multiple surveys showed this week.
Opinion: China is weaponizing its minerals monopoly
China’s grip on the world’s mineral supply chains is growing tighter, and America’s reliance on Chinese minerals is growing deeper.
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