Chinese e-commerce and logistics giants are swiftly setting up shop in Europe. This move comes as U. S. trade policies under President Donald Trump reshape global supply chains. Companies like JD. com Inc. are leading the charge, securing significant warehouse space across the continent. In the UK alone, Chinese firms have leased over 2 million square feet of wareho...
In a show of unity, Indian Prime Minister Narendra Modi and Russian President Vladimir Putin met during a regional summit in China. Their talk happened after they attended a key session of the Shanghai Cooperation Organization in Tianjin. This meeting is important because India and the U. S. are not getting along well right now, mostly because India is buying oil fro...
The United States has made a big change to its import rules. This change is causing problems for many countries and businesses. The "de minimis" rule used to let small packages enter the US without extra fees. But now, this rule is ending. This means more costs for businesses and more hassle for customers. Many countries are stopping some shipments to the US because...
Big changes are happening in the world of international shipping. Starting August 29, the US is changing its rules on import taxes for small packages. This has caused a lot of confusion and delays. Royal Mail and DHL have decided to pause some deliveries to the US. They need time to figure out how to handle the new taxes. Royal Mail says letters and cards can still ...
Germany's finance chief, Lars Klingbeil, thinks the EU needs to step up its game in trade talks with the US. He believes the EU has been too soft in the past and should be more confident when talking to the US. He wants the EU to work closely with the US, even when things get tough. Klingbeil met with US Treasury Secretary Scott Bessent to talk about trade issues. T...
Nike's shares got a big boost recently, jumping over 10% after hours. This happened even though the company reported some of its worst results in years. Investors seem hopeful that Nike's new plans might finally start working. The company's CEO, Elliott Hill, came back from retirement to lead Nike. He talked about new strategies, like focusing more on sports product...
Shopping on Temu, a Chinese online store, has become a bit more complicated for U. S. buyers. The reason? Import charges have skyrocketed due to ongoing trade disputes. These extra fees can make the final price much higher than what's advertised. For example, a pack of men's shorts listed at $23. 61 ended up costing $56. 36 after a $32. 75 import charge. This is a st...
The landscape of Cambodia's capital, Phnom Penh, is changing rapidly. Chinese influence is becoming more visible. Streets are now adorned with Chinese signs. One of the most notable changes is the ring road encircling the city. It was officially renamed Xi Jinping Boulevard last year. This road is part of a larger project that includes a massive airport. This ai...
Flint, Michigan, is a city that has seen better days. The General Motors Flint Assembly plant is a massive factory that produces the popular Silverado truck. This plant is a big deal for Flint, a city of about 80, 000 people in the heart of Michigan's auto industry. The plant has been a steady source of jobs and economic stability for the region. The city has a hist...
The world of international trade is in for a major shake-up. The United States has significantly increased its tariffs, which are taxes on imported goods. This move has sent ripples through the global market, redirecting billions of dollars in exports that were originally headed for the U. S. Now, these goods are flooding into other countries, including Canada. This ...