Swiss Watch Exports Experience a Downturn in May Amidst US Tariffs Turmoil Switzerland, renowned for its precision and luxury in watchmaking, has recently faced a significant setback in its watch export industry. The latest reports reveal a slump in Swiss watch exports in May, with a notable decline in shipments to the United States, the […]
China proposes rare earth export relief for EU
China Proposes Rare Earth Export Relief for EU Talks continue over EV tariffs as China signals rare earth concession. In a significant development, China has proposed providing rare earth export relief for the European Union (EU). This move comes amidst ongoing discussions regarding electric vehicle (EV) tariffs between the two entities, showcasing China’s willingness to […]
Appeals Court Allows Trump Tariffs to Stay in Effect for Now
Appeals Court Grants Stay Allowing Trump Tariffs to Remain in Effect Amid Ongoing Legal Battle In a recent development, the US Court of Appeals for the Federal Circuit issued a brief order on Thursday granting a stay that will allow the controversial tariffs imposed by the Trump administration to continue, at least for the time […]
What’s Next for Trump’s Trade War After Court Blocks Tariffs
What’s Next for Trump’s Trade War After Court Blocks Tariffs The recent court ruling blocking Trump’s tariffs may seem like a significant blow to his aggressive trade policies. However, this setback may not be as permanent as it appears. The administration, led by a president known for his defiance of norms and institutions, could choose […]
Swiss Watch Exports Jump in April Ahead of Threatened US Tariffs
Swiss Watch Exports Surge in April Amid Looming US Tariffs Swiss watch exports to the US experienced a notable upswing in April, propelled by a surge in shipments preceding the looming threat of tariff increases. The timepiece industry, renowned for its precision, craftsmanship, and timeless appeal, has been navigating challenges amidst the global economic landscape. […]
US delays 50% tariff on EU imports until July
US Delays 50% Tariff on EU Imports Until July The recent decision by the United States to postpone the imposition of a 50% tariff on imports from the European Union has brought a sigh of relief to businesses on both sides of the Atlantic. Talks on US-EU trade tariffs will resume, with a new deadline […]
US to tighten AI chip controls amid China pushback
US Tightens Export Controls on Advanced AI Chips Amid China’s Pushback In the ever-evolving landscape of global technology and innovation, the United States is taking a bold stance to tighten export controls on advanced AI chips. This strategic move is aimed at limiting China’s rapid technological advancement, particularly in the realm of artificial intelligence, which […]
Tech coalition to push for faster US foreign cybersecurity aid
Tech Coalition Urges Faster US Foreign Cybersecurity Aid to Address Growing Geopolitical Tensions The tech industry is no stranger to geopolitical tensions, particularly when it comes to issues of cybersecurity and national security. With the US ramping up export controls on advanced AI chips in an effort to curb China’s technological and military advancements, a […]
BRICS conclude Understanding on Data Economy Governance
BRICS Trade Ministers Approve Data Economy Governance Understanding In a significant move towards fostering a fair and equitable data economy, the Trade Ministers of the BRICS nations have approved the Data Economy Governance Understanding. This landmark agreement marks a crucial step in promoting the responsible and transparent use of data among Brazil, Russia, India, China, […]
British Luxury Exports to EU Lag Due to Brexit, Lobby Group Says
British Luxury Exports to EU Lag Due to Brexit, Lobby Group Says The impact of Brexit on the UK’s luxury exports to the European Union has been a point of concern for many in the industry. According to the prestigious British luxury goods lobby group, Walpole, shipments of UK designer goods to the EU have […]