The United States would cut the low value “de minimis” tariff on China shipments to 54% from 120%, with a flat fee of $100 to remain, starting from May 14, modifying an earlier order imposed by Washington, a White House executive order said on Monday. The move comes several hours after Beijing and Washington announced…
In the scrum to keep the wheels of trade turning, Chinese companies are pivoting to neighboring countries to escape President Trump’s crippling tariffs. The hustle is on show in Vietnam. Factories that make everything from jeans to Christmas wreaths are trying to get there fast. The ones that have already moved are ramping up. The…
India asked Chinese state media Global Times to “verify facts” and cross-examine its sources, hours after it reported that three Indian fighter jets were shot down by Pakistan after strikes by India. In a tweet, the Indian Embassy in China alleged that Global Times was spreading disinformation on Operation Sindoor, the Indian operation against terror…
Chinese exporters are increasingly utilizing “origin washing” tactics to circumvent hefty US tariffs, according to a report by Radio Free Asia (RFA). These tactics are being promoted via Chinese social media platforms, offering methods to bypass tariffs by re-exporting goods or misrepresenting manufacturing locations.Promotional videos on platforms like Xiaohongshu (RedNote) and Douyin (the Chinese version…
Top officials from the Trump administration will meet with their Chinese counterparts in Switzerland this week, the first formal meeting about trade between the United States and China since President Trump raised tariffs on Chinese imports to triple-digit levels last month. Scott Bessent, the Treasury secretary, and Jamieson Greer, the United States trade representative, plan…
The expansion of the loophole for tariff-free shipments of goods nearly a decade ago gave rise to Temu, Shein and other low-cost online retailers offering items straight from Chinese factories at unfathomable discounts. It also unleashed something else — a cascade of billions of dollars of digital advertising that provided a windfall for Meta, Alphabet…
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
The Trump administration on Friday officially eliminated a loophole that had allowed American shoppers to buy cheap goods from China without paying tariffs. The move will help U.S. manufacturers that have struggled to compete with a wave of low-cost Chinese products, but it has already resulted in higher prices for Americans who shop online. The…
The CIA on Thursday released two Chinese-language videos aimed at encouraging Chinese government officials to leak sensitive information to the United States — a sign of the agency’s efforts to penetrate the Communist Party’s inner circle. The videos, titled “Why I Contacted CIA: To Take Control of My Fate” and “Why I Contacted CIA: For…
President Trump’s tariffs are already taking a toll on China’s factories. Three weeks into a trade war that pushed import tariffs on Chinese-made goods to 145 percent, an official report on manufacturing activity signaled that in April, Chinese factories experienced the sharpest monthly slowdown in more than a year. The report, a survey of industrial…