WASHINGTON (Reuters) -The Trump administration is weighing a plan to slash the 145% tariff on Chinese imports by more than half as soon as next week, the New York Post reported on Thursday, citing unidentified…
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Luxury Labels Ditch Steep China Discounts to Rebuild Brand Value
Some luxury labels are pulling back from steep markdowns in China, seeking to rebuild an image of exclusivity to lure back wealthy shoppers whose spending remains less affected by economic slowdown.
In Panama, Trump’s new ambassador casts China as threat to frayed alliance
The United States’ new ambassador to Panama pledged on Thursday to strengthen ties with the Central American country while pushing China as a common threat.
We’re seeing a slowdown in all trade lanes with China, says Pacific Merchant Shipping’s Mike Jacob
Mike Jacob, Pacific Merchant Shipping Association president, joins ‘Power Lunch’ to discuss impact of tariffs on ports and the American economy.
AI execs say US must increase exports, improve infrastructure to beat China
The Senate Commerce Committee wants to cut regulatory barriers to U.S. artificial intelligence after China’s DeepSeek debuted its high-quality, affordable AI model last year.
OpenAI chief Sam Altman: US barely ahead of China in artificial intelligence arms race
Sen. Ted Cruz chaired a Commerce Committee hearing featuring Sam Altman, Lisa Su, Michael Intrator and Brad Smith.
Moody’s says tariffs may hit African banks through China slowdown
By Colleen Goko JOHANNESBURG (Reuters) -Banks in sub-Saharan Africa will not be directly impacted by U.S. import tariffs, but “second round effects”, including their impact on the macroeconomic outlook and on China,
Bill that would ban Chinese citizens from owning property in Texas faces crucial vote
The Texas House is set to debate a bill today that would ban citizens of nations deemed hostile to the U.S, including China, from owning certain properties in the state. Opponents have decried the …
US imposes Iran-related sanctions on third China ‘teapot’ refinery, port terminal
U.S. President Donald Trump’s administration on Thursday imposed sanctions on a third Chinese independent, or “teapot” oil refinery and port terminal operators in China for purchases of Iranian oil ahead of an expected fourth round…
Hong Kong IPOs outshine broader market spurred by inflows from global, Chinese funds
The shares first changed hands at HK$190.60, a jump of 68.5 per cent from the initial public offering (IPO) price of HK$113.12 when trading began at 9.30am.
Factbox-China Exempts Some US Imports From Tariffs
(Reuters) -China has granted tariff exemptions on select pharmaceuticals, microchips and aircraft engines from its 125% retaliatory tariffs on U.S. goods imposed after President Donald Trump unleashed his tariffs in April.
US imposes Iran-related sanctions on third China ‘teapot’ refinery, ports
U.S. President Donald Trump’s administration on Thursday imposed sanctions on a third Chinese independent – or “teapot” – oil refinery, and port terminal operators in China for purchases of Iranian oil.
China-led funds spur largest monthly inflow into gold ETFs in three years
The inflow into physically backed gold exchange-traded funds in April was the largest since March, 2022, with China-listed funds leading the move due to the country’s trade war with the U.S., data …
