President-elect Donald Trump’s proposed 25% tariff on goods from Mexico and Canada would harm relations between the United States and Mexico and Canada, President Joe Biden told reporters on Thursday.
Tagged By business
Trump’s saber rattling about tariffs is unsettling China
Chinese firms are on edge and so are some of their US partners. Markets are relatively muted, though the yuan is down.
Exclusive – HSBC pulling back from China credit card business after struggling to expand, sources say
HSBC is pulling back from its credit card business in China eight years after its launch, as the lender struggled to expand and make the enterprise profitable in the world’s second-largest economy, …
Xi Jinping’s military purge is bleeding into his elite circle of generals commanding China’s forces
An icon in the shape of a lightning bolt. Impact Link A top-ranking admiral in China’s Central Military Commission — the highest body commanding its forces — has been placed under investigation, the country’s defense…
Starbucks coffee in China is better served to-go
Starbucks boss Brian Niccol faces conflicting challenges at opposite ends of the planet. Chinese consumers want a steady flow of new beverages, an approach that has caused trouble at U.S. stores. Focusing on the company’s…
Singapore’s strong brand name in China comes down to Singaporeans there: SM Lee
SINGAPORE’S brand name and its cultural, business and personal connections with China have allowed the two countries to work together and learn from each other. Read more at The Business Times.
Key AI chip supplier stocks surge amid reports of eased U.S. restrictions on China
AI chip makers received positive news as major semiconductor manufacturers saw significant gains in their stocks following reports that the U.S. is …
America Can Be a Blockchain Powerhouse – Here’s How
America is at a crucial moment in the blockchain arms race. We examine how the U.S. can and must take the lead in crypto and shape the digital finance revolution.
Chinese Court Rules Crypto Cannot Be Used for Wage Payments
A Shenzhen court has ruled that cryptocurrency, including USDT, cannot serve as a legal form of wage payment under Chinese labor laws.
Dragons In Detroit? China’s Secret To Automotive Success
Today, Chinese automakers have become a formidable force, coming a long way to loosen the stranglehold that Western and Japanese automakers once had on the automotive …
China Threatens Retaliation Over US Plans to Expand Chip Export Restrictions
The Biden Administration is reportedly considering expanding export restrictions aimed at Chinese chipmakers. Beijing has warned that escalating control measures could prompt it to take …
French cognac workers protest China bottling plan amid tariff threat
Hundreds of employees of French cognac maker Hennessy on Thursday staged a protest over potential measures to circumvent Chinese tariffs imposed in a spat with the European Union. Since October 11, …
China’s scrap copper imports set to slump over US trade worries, analysts say
China’s imports of scrap copper are set to slump as some traders have suspended buying from the United States, the top supplier, due to worries about rising trade tensions under a Donald Trump presidency,
