The Biden administration is cracking down on cheap products sold out of China, expanding a push to reduce U.S. dependence on Beijing and bolster homegrown industry, but that
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Chinese courier delivery firm BingEx files for US IPO
Chinese courier delivery firm BingEx, which brands its services as ‘FlashEx’, has filed to go public in the United States, a regulatory filing showed on Friday. WHY IT’S IMPORTANT Several high-profile …
Under Armour’s Curry Brand opens first store – in China
Under Armour’s Curry Brand – a partnership with basketball star Steph Curry – has opened its first brick-and-mortar store, in China.
Brand Beyond Politics: A World Unified Through Shared Consumption?
In a polarized world, shared affinities for brands and experiences can offer refreshing reminders of our common ground.
China hits PwC with six month ban and large fine in record penalty over Evergrande audit
China’s Ministry of Finance (MOF) on Friday imposed a six-month business suspension on PwC’s auditing unit in mainland China over the auditing of Evergrande, the regulator said.
Luxury Brands’ New Snag? Handbag Arbitrage
It is much cheaper to buy designer goods in Europe than in China, and professional resellers are profiting from the gap. Posh labels are finding it hard to crack down.
A fight is brewing as TuSimple tries to move $450M to China and pivot from self-driving trucks to AI animation
TuSimple, once a buzzy startup considered a leader in self-driving trucks, is trying to move its assets to China to fund a new AI-generated animation and video game business. The pivot has not only puzzled…
Biden is taking on cheap products from China. It could mean higher prices
The Biden administration is cracking down on the cheap products sold out of China by companies such as Temu and Shein.
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…
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…
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