A loophole that has allowed American shoppers to buy lots of cheap goods from mainland China and Hong Kong without paying tariffs and filling customs forms is closing on Friday. Meaghan Tobin, a correspondent for The New York Times covering business in Asia, explains. Source link
BEIJING: United States officials have reached out to their Chinese counterparts for talks on vast tariffs that have hammered markets and global supply chains, a Beijing-backed outlet said on Thursday citing sources.Punishing US tariffs that have reached 145 percent on many Chinese products came into force in April, while Beijing has responded with fresh 125 […]
NEW YORK: Consumers can expect higher prices and delivery delays when the Trump administration ends a duty-free exemption on low-value imports from China Friday. The expiration of the so-called de minimis rule that has allowed as many as 4 million low-value parcels to come into the US every day – mostly from China – is […]
US President Donald Trump (Pic credit: AP) US President Donald Trump on Wednesday said that his tariff strategy might result in fewer and costlier products for American consumers, but the economic pain would hit China harder.Speaking to his Cabinet amid fresh signs of economic slowdown, Trump downplayed concerns that the US economy is heading toward […]
China has reignited the contentious debate over the origins of Covid-19 by releasing a white paper that accuses the United States of politicising the issue and suggests the virus may have emerged in America before it was detected in Wuhan.The white paper, published Wednesday via state-run Xinhua news agency, comes in response to renewed allegations […]
China on Tuesday pushed back against the United States concerns over its growing presence in Chile, defending a Chinese astronomical project in the country’s north as tensions rise over Beijing’s influence in South America.During a press conference in Santiago, Chinese Ambassador to Chile, Niu Qingbao, criticised US for meddling in Chile’s autonomous decisions and disseminating […]
Representative Image (AI) BEIJING”: China said Tuesday it was open to improving ties with Canada, after Prime Minister Mark Carney won the country’s election to lead his Liberal Party to another term in power.“China is willing to develop China-Canada relations on the basis of mutual respect, equality, and mutual benefit,” foreign ministry spokesman Guo Jiakun […]
China on Monday said it was “on the right side of history” in the trade war with the United States. US has imposed a whopping 145 percent levy on the arch rival, which responded with a 125 percent tariff on US goods.Top Chinese economic official, Zhao Chenxin, said in a news conference that it US’ […]
China on Saturday slammed the “extreme selfishness” behind tariffs, indirectly referring to the steep duties imposed by US President Donald Trump, describing it as an “unjustified trade war.”According to the Chinese foreign ministry’s statement, top diplomat Wang Yi told his Uzbek counterpart Bakhtiyor Saidov on Friday that, “Certain countries” resort to “pressure and coercion, and […]
China has insisted it is not holding trade negotiations with the United States, despite President Donald Trump’s claim that he had received a call from Chinese leader Xi Jinping. In an interview with Time magazine published Friday, Trump did not specify when the alleged conversation occurred or what was discussed, simply saying, “He’s called. And […]
