At a White House briefing on Tuesday, Treasury Secretary Scott Bessent warned that China could see huge job losses if it fails to roll back its high tariffs.
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US tariff activity has slowed down China’s manufacturing industry
China’s factories hit the brakes in April as fresh U.S. tariffs cooled new orders and pushed manufacturers to cut jobs, a private survey showed Wednesday.
Trump’s tariffs loom over the economy as shipments from China fall
American businesses are cancelling orders from China, postponing expansion plans and hunkering down to see what trade policy surprises President Donald Trump plans to spring on them next.
‘Nowhere to turn’: Small businesses dependent on imports from China are feeling more desperate
The Trump administration raised tariffs on goods from China to 145% in early April. Since then, small business owners who depend on imports from China to survive have become increasingly desperate as …
China Luxury Brand “naked” Opens Ginkgo Getaway Ahead Of Long Holiday
Home Grand Ginkgo Valley · Suizhou is located in China’s millennium-old ginkgo forest. The area boasts “48 ancient ginkgoes which have lived for over 1,000 years, 180 o …
Bessent says US will weigh China’s failure on ‘phase one’ trade deal from first term in negotiations
Treasury Secretary Bessent said the Trump administration will weigh China’s lack of compliance with the “phase one” trade deal from the president’s first term in current negotiations.
Treasury Secretary Bessent calls on China to lead trade war de-escalation
Treasury Secretary Scott Bessent on April 28 put the responsibility for reaching a trade agreement on China. He argued China should be liable because it sells five times more to the U.S. than the U.S.
Shipments from China to drop by 35% next week due to Trump tariffs, Port of LA chief warns
Shipments from China to the West Coast are poised to plunge by as much as 35% as President Donald Trump’s newly imposed tariffs prompt major American retailers to slash import orders, the executive …
China’s EV Brands Shine At The Shanghai Auto Show—While Tesla Stays Home
The world’s EV brands brought their A-game to China’s massive automotive expo. It almost didn’t matter that Tesla was MIA.
Could Shein’s IPO breathe new life into London’s stock market?
Chinese retailer Shein could be set for a blockbuster IPO on the London Stock Exchange. The listing would be a boon for the exchange, but could prove controversial.
China Market Update: Robotics Ecosystem Outperforms, IPOs Are On The Rise In Hong Kong
Asian equities were mixed but mostly higher overnight as Thailand and Taiwan outperformed while Malaysia and Singapore underperformed.
Beijing to invest in blockchain, integrate into infrastructure
Beijing announced a blockchain development plan aiming for widespread industry adoption over the next two years.
Decathlon plans to sell 30% stake in China business, Bloomberg News reports
French sporting goods retailer Decathlon has started a process to sell about 30% stake in its China business, with a deal potentially valuing the unit at about $1 billion or more, Bloomberg News …
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