The stage is set for a high-stakes trade showdown between the US and China. The two economic giants are gearing up for crucial talks in Switzerland. The US has been slapping heavy tariffs on Chinese goods, with some items facing a whopping 245% tax. But now, there's talk of lowering these tariffs. President Trump hinted at this change, suggesting an 80% tariff might ...
China is currently facing a wave of worker protests. This is due to unpaid wages and unfair layoffs. The root cause? US tariffs on Chinese goods. These tariffs have put immense pressure on Chinese factories. Many have shut down or cut jobs, leaving workers in the lurch. The situation is dire. In some cases, workers have resorted to extreme measures to demand their d...
There's been a noticeable change in China's stance on trade talks with the U. S. Chinese officials have recently started considering talks with the U. S. This is a significant shift from last week, when they flat-out rejected any discussions while the U. S. maintained its "unilateral tariffs. " The Chinese Ministry of Commerce spokesperson revealed that high-ranki...
The United States has made a big change in how it handles small packages coming from China. Starting May 2, there is no longer a special rule that let these packages enter the country without extra taxes. This rule, called the de minimis exemption, used to let companies like Temu, Shein, and AliExpress send goods worth less than $800 to the US without paying duties. ...
Oil is a big deal for Iran. It makes up over 40% of the country's exports. So, when Trump threatened to punish countries buying Iranian oil, it was a significant move. This threat came just after planned talks between the US and Iran were delayed. The talks, set to happen in Rome, were supposed to discuss Iran's nuclear program. No specific country was named, but Chi...
The recent escalation in tensions between the United States and Iran has taken a new turn. The U. S. President has declared a tough stance against Iran's oil exports. This move is part of a broader strategy to pressure Iran, especially as talks about its nuclear program stall. The president has warned that any country or individual buying Iranian oil or petrochemical...
A significant change is coming to how Americans buy goods from China and Hong Kong. A special rule, known as the de minimis exemption, is being phased out. This rule allowed items worth up to $800 to enter the U. S. without tariffs or customs forms. This exemption was a big deal for shoppers and retailers alike. It made buying cheap goods from overseas super easy. Ho...
Trump has been quite vocal about his interactions with China. The US President has claimed that Xi Jinping, China's leader, has been in touch with him. This is quite a bold statement, considering that China has not confirmed any such contact. Trump even went as far as to say that he has secured "200 deals" on trade, but there is no official announcement or ...
Political leaders often find that their bold plans hit a snag when they clash with market realities. The stock market and bond yields have proven to be powerful influences, shaping the decisions of key figures in recent times. The market's influence is evident in the shifts seen in economic policies. The introduction of sweeping tariffs led to a significant drop in ...
The trade battle between the United States and China has been heating up. The world's two largest economies are at odds, and it's causing waves in global markets. This is not just about money. It's about the future of both countries' economies. The US wants China to rely less on making stuff to sell abroad. Instead, the US wants China to focus more on buying thi...