Republican U.S. Senator Marco Rubio on Tuesday proposed sharply boosting tariffs on Chinese vehicle imports by $20,000 to stop the country “from flooding U.S. auto markets,” Washington’s latest effort …
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6 arrested in illegal goose intestine import scheme
Six people were arrested Tuesday, charged with illegally importing duck and goose intestines from China, which, in some cases, were hidden under packaged rattlesnake meat.
Russia, China team up against the US dollar with planned blockchain payment system
China and Russia are moving ahead with their efforts to move away from the US dollar with an announcement that the BRICS countries plan to create a payment system based on blockchain.
Apple iPhone sales slump 24% in China, fanning fears of a slowdown
Apple’s iPhone sales in China fell 24% year-on-year in the first six weeks of … US curbs on the exports of key components to the company. Honor, the smartphone brand spun off from Huawei in…
Apple’s iPhone sales in China plunge 24% as Huawei’s popularity surges
Apple’s iPhone sales in China fell 24% year-on-year in the first six weeks of this year, according to research firm Counterpoint, as the U.S. company faced increased competition from domestic rivals …
Sen Hawley wants Biden to hike tariffs on Chinese energy imports
Sen. Josh Hawley is urging President Biden to increase tariffs on Chinese energy components, aiming to curb reliance on China’s green energy sector.
How Shein’s US IPO Became Endangered by China Rift
US investors are facing the growing risk of losing out on Shein’s potentially huge initial public offering, as the fast-fashion giant with Chinese roots considers holding it in London instead.
AMD Will Reportedly Need Export License for AI Chips Aimed for China
Key Takeaways Advanced Micro Devices reportedly failed to make the artificial intelligence chip it tailored for the Chinese market weak enough to be sold without a license from the Commerce Department …
Chinese fast fashion brand Shein could have its wings clipped before it IPOs as France mulls 50% tariff and U.K. retailers call for closure of tax loophole
French lawmakers want to tax fast fashion’s environmental harms, while U.K. retailers want the government to close Shein’s parcel loophole.
AMD hits US roadblock in selling AI chip tailored for China, Bloomberg News reports
Advanced Micro Devices has hit a U.S. government roadblock in its efforts to sell an AI chip tailored for the Chinese market, as Washington cracks down on the export of advanced technologies to …
Chinese EV maker Aiways talking to investors for export-only approach
Chinese electric vehicle maker Aiways is in talks with investors to restart production of its existing models and develop a new, affordable car as it focuses on becoming an export-only brand, a …
AMD Hits US Roadblock in Selling AI Chip Tailored for China
Advanced Micro Devices Inc. hit a US government roadblock in attempting to sell an artificial intelligence chip tailored for the Chinese market, according to people familiar with the matter, part of …
China’s EV bosses take spotlight at political meeting as priorities shift
Chinese electric vehicle makers made a strong showing at the start of the country’s annual parliamentary meeting on Tuesday, bolstered by official recognition of their growing clout on the world stage …