President Biden met today with top advisers to discuss whether to cut some of the existing tariffs on exports from China. It’s a spectacularly bad idea, since tariff cuts would not address the drivers …
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Biden says he has not decided on China tariffs, reviewing them ‘one at a time’
WASHINGTON (Reuters) -President Joe Biden said on Friday that he has not yet made a decision on whether to cut some U.S. tariffs on imports from China, saying his administration was reviewing them …
Inditex’s Bershka, Pull & Bear and Stradivarius Exit China
The move from the three banners comes just a few weeks after American Eagle Outfitters shut down its Tmall online store.
Biden Says No Decision Made on Rolling Back China Import Tariffs
President Joe Biden said Friday he hasn’t decided whether to roll back any of the tariffs on Chinese imports imposed by his predecessor, a move that some political allies say would help curb inflation …
Crypto Biz: Crypto broker goes bankrupt, Bitcoin miner capitulates and China VC funding soars
As the search for an elusive Bitcoin bottom continues, at least one United States miner was forced to liquidate a portion of its holdings in June. This week’s Crypto Biz newsletter dissects Voyager’s …
China’s BYD, Backed By Warren Buffett, Pips Elon Musk’s Tesla To Become Number One In Global EV Sales
BYD — short for “Build Your Dreams” — the Chinese auto giant backed by American business magnate Warren Buffett’s Berkshire Hathaway, has dethroned Elon Musk’s Tesla as the world’s biggest electric …
Business Exit from China Accelerating
More than 90% of those surveyed said they either were in the process of moving production out of China or had plans to do so. And about 80% said they were considering bringing some of…
China refutes US, UK official’s alarm over espionage charges
China on Thursday refuted the US and UK intelligence services over spying claims and said that the US is the biggest threat to world peace stability and devel …
‘Crash Potential’—Crypto Billionaire Issues Stark Warning As The Price Of Bitcoin And Ethereum Rebound
Crypto billionaire Sam Bankman-Fried has warned “a substantial fraction” of cryptocurrencies are “empty products” with “real crash …
Jianzhi Education Technology Aims For $30 Million U.S. IPO
Jianzhi Education Technology Group has filed proposed terms for a $30 million IPO. The company provides online education content to businesses and consumers in China.
Biden to meet with advisers on China tariffs, decision timing unclear-sources
President Joe Biden was due to discuss tariffs on Chinese imports with advisers on Friday, but it was unclear when he would make a decision on whether to remove some duties to try to fight…
Exports gain for 24th month in a row
Exports last month surged 15.2 percent year-on-year to US$42.2 billion, the second highest on record and 24th straight month of gains, as global demand for electronics remained strong, the Ministry of …
Chinese Imports Of U.S. Coal Collapse By 67%
Due to Covid-related lockdowns in China, demand for coal in the country collapsed and coal imports from the U.S. fell by 67% …
