Business
Tesla’s China EV sales decline 6% YoY in April
Tesla's China-made electric vehicle (EV) sales saw a 6% year-on-year decline in April, a continuation of a seven-month downward trend,…
Tag
China
Politics
Zombie oil supertanker in China points to Iran trade workarounds
After buckling under pressure from Beijing and Washington, the clandestine supply chain that carries Iranian crude to China is finding new…
Business
US: Wall St opens higher on China trade de-escalation hopes, Fed decision
Wall Street’s main indexes opened slightly higher on Wednesday (May 7) as investors hoped for a de-escalation in trade tensions with…
Business
Alibaba, Xiaohongshu in tie-up as China e-commerce competition intensifies
Chinese e-commerce giant Alibaba is partnering with popular content platform Xiaohongshu to allow users on Xiaohongshu to directly click…
Business
China Cuts Interest Rates to Shore Up Economy Hit by Trade War
China’s central bank cut interest rates and made it easier on Wednesday for banks to increase lending and pump more money into the…
Business
Why China Is Investing So Much Money in Moroccan Factories
When Xi Jinping, China’s top leader, returned from the Group of 20 summit in Brazil last November, he made a stopover in Casablanca, where…
Politics
U.S. and China to Hold First Trade Talks Since Trump’s Tariffs
Top officials from the Trump administration will meet with their Chinese counterparts in Switzerland this week, the first formal meeting…
News
Oil rises 3% on signs of more Europe and China demand, less US output
Oil prices climbed about 3 per cent on Tuesday on signs of higher demand in Europe and China, lower production in the US, tensions in the…
Politics
Chinese Imports to US Hit 20-Year Low as Tariffs Sink In
The share of U.S. imports from China in the first quarter of the year fell to its lowest point in over 20 years, as the high tariffs…
Politics
Barbie Maker Mattel Plans to Raise Prices Because of Trump’s Tariffs
Less than a week ago, President Trump suggested that children may have to make do with fewer toys this year. “Well, maybe the children…
News
Satellite images show U.S. carrier operating near Chinese warships
New satellite images showed a U.S. aircraft carrier operating near Chinese warships in the Arabian Sea as it carried out attacks against…
Politics
US lawmaker targets Nvidia chip smuggling to China with new bill
A US lawmaker plans to introduce legislation in the coming weeks to verify the location of artificial intelligence (AI) chips like those…
Politics
How Trump’s Closing a Tariff Loophole Will Hurt UPS and FedEx
Less than a year ago, executives from FedEx and UPS were talking about how they were handling a flood of packages from China to American…
News
Fairhope small business owners react to China trade war, possible impact
FAIRHOPE, Ala. (WKRG) — Local business owners are waiting to see how the trade war with China might impact them and how much they have to…
Politics
Trump shuts off federal funding for gain-of-function virus research in China, Iran
President Trump ended federal funding for gain-of-function virus research in China, Iran and other countries that have "insufficient…
Business
Germany's Vossloh to supply rail fastening systems in China deal
A View of the administrative offices of Vossloh Locomotives. Vossloh said its Chinese subsidiary Vossloh Fastening Systems China has been…
Business
China resumes spot LNG purchases to take advantage of price drop
The move is a u-turn for Chinese LNG buyers, which had reduced imports and resold shipments because expensive gas was not attractive to a…
Politics
China’s Garment Factories Face a Tipping Point After New Tariffs
Liu Miao has sold clothing on Amazon to wholesale buyers in the United States for the past five years. That trade has come to an abrupt…
Politics
Oil Prices Slide Further on Plans to Increase Supply
Oil prices resumed their downward slide after the OPEC Plus cartel of oil producers said over the weekend that it would pump more oil,…
Business
A Tidal Wave of Change Is Headed for the U.S. Economy
When the Covid pandemic hit, factories in China shut down and global shipping traffic slowed. Within a matter of a few weeks, products…
Politics
Trump’s Tariff on Cheap Chinese Imports Will Cost Big Tech Billions
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…
Politics
Car Prices Expected to Rise as Tariffs on Parts Kick In
The United States imposed 25 percent tariffs on imported auto parts on Saturday that could sharply raise prices for new and used vehicles…
Politics
Companies Are Raising Prices as Tariffs Hit
More companies are starting to warn that they will have to pass on higher costs to American consumers, raising prices for products like…
Business
TikTok fined 530 million euros in EU over China data transfer
TikTok was hit with a massive EU fine of 530 million euros (S$779 million) on Friday (May 2), accused of sending personal data of…