News

China caves on 125% tariff for major US export after White House predicts Beijing can't keep up
China caved on one of its major 125% tariffs against ethane imports from the U.S. on Tuesday, having initially imposed the ...
West Coast Ports Brace for China Tariffs to Dent Import Volume Within Days
Large importers, including retailers and manufacturers, paused imports from China this month amid an escalating trade war.
China exports to U.S. plunge as tariffs hit, leading some experts to warn of product shortages
The drop-off in shipments could lead to empty store shelves this summer as retailers deem China-made goods too expensive to ...
China waives tariffs on US ethane imports, sources say
China has waived the 125% tariff on ethane imports from the United States imposed earlier this month, two sources with ...
Senate confirms former Sen. David Perdue as Trump’s US ambassador to China amid tariff showdown
The Senate has confirmed former Sen. David Perdue as ambassador to China, just as the U.S. and China are locked in a tariff ...
Bessent Says China Could Lose 10 Million Jobs From Tariffs
WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent predicted on Tuesday that China could lose 10 million jobs ...
AstraZeneca says potential US tariffs manageable, faces another China fine
AstraZeneca expects only limited impact from potential U.S. tariffs on pharmaceutical imports, the drugmaker said on Tuesday, ...
Tariffs Are Unsustainable for China, Bessent Says
Treasury Secretary Scott Bessent says the US tariffs put on China are unsustainable. He would not confirm if anyone from the ...
Port of Los Angeles says shipping volume will plummet 35% next week as China tariffs start to bite
"It's a precipitous drop in volume with a number of major American retailers stopping all shipments from China based on the ...