This sanguinity was rather upset by Trump’s Monday night surprise of threatening 25 per cent tariffs on Mexico and Canada (and a surprisingly modest extra 10 per cent on China) to force a clampdown on…
Tagged By business
Why the DF-26 is one of the most dangerous missiles in China’s arsenal for the US military
With hundreds of DF-26s capable of striking land-based or maritime targets, the missile poses a challenge for the US in a potential war.
Didi Again Records a Profit While It Prepares for Hong Kong IPO
Didi Global Inc. posted its second straight quarterly profit, a boost for the Chinese ride-hailing leader as it contemplates a potential re-listing in Hong Kong.
Shiseido profit outlook squeezed by China downturn, president says
Japanese cosmetics maker Shiseido Co downgraded its profit outlook for the next two years on Friday, after a downturn in sales to Chinese consumers. Shiseido joins other luxury brands such as …
HSBC Pulls Back Credit Card Business in China, Reuters Reports
HSBC Holdings Plc is pulling back from its credit card business in China, Reuters reported, citing unidentified sources.
China calls on firms to eliminate political pressure, make independent business decisions following BBC report on Uniqlo boss’ Xinjiang remarks
Cotton produced in China’s Xinjiang region is among the best in the world. We hope that relevant companies can eliminate political pressure and negative interference, and make independent business …
China extends US import tariff exemptions to February 2025
The move comes after President-elect Donald Trump spoke about imposing additional tariffs on Chinese goods, citing concerns over illegal drug trafficking and migration. Trump threatened a 10% increase in tariffs on Chinese imports and a…
Cheap gasoline? Not under Trump’s tariff plan.
Trump has pledged to punish Canada and Mexico for “bringing Crime and Drugs at levels never seen before” by imposing a 25 percent tariff on all imported goods from U.S. neighbors — with no exceptions…
Biden calls proposed Trump tariffs ‘counterproductive’
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.
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…
