US Trade War Intensifies: Trump Prioritizes Auto Duties and Levies on Semiconductors and Pharmaceuticals The United States trade war continues to escalate as President Trump showcases a degree of flexibility on tariffs while doubling down on imposing additional duties on key industries. Amidst ongoing negotiations and tensions with major trading partners, the latest developments highlight […]
US retailers resist price hikes amid tariff pressures
US Retailers Navigate Turbulent Waters: Resisting Price Hikes Amid Tariff Pressures The world of US retailers is currently facing a formidable challenge: the escalating tariff pressures that threaten profit margins and consumer prices. With the recent trade tensions between the United States and key trading partners, including China, many retailers are feeling the squeeze as […]
Walmart Asks Chinese Suppliers for Major Price Cuts on Trump Tariffs
Walmart Requests Chinese Suppliers for Significant Price Reductions Amid Trump Tariffs Amid the ongoing trade tensions between the United States and China, major retail giant Walmart has taken a bold stance by asking its Chinese suppliers for substantial price cuts. The request comes as a response to the tariffs imposed by the Trump administration, affecting […]
Trump Says Canada, Mexico Tariffs to Take Effect, Adds New China Duty
Trump Says Canada, Mexico Tariffs to Take Effect, Adds New China Duty President Trump has made a significant decision regarding tariffs on Canada, Mexico, and China, marking a new chapter in the ongoing trade disputes between these countries. The president had previously paused the sweeping duties on Canada and Mexico on Feb. 3 for one […]
Trump orders review of tariffs over digital service taxes
Trump Orders Review of Tariffs Over Digital Service Taxes In a move that could potentially shake up international trade relations, President Trump has ordered a review of tariffs on imports from countries such as France, Canada, and several others. The reason behind this review is the implementation of digital service taxes by these nations, which […]
Shein Asks Some Chinese Suppliers to Diversify to Vietnam
Shein Asks Some Chinese Suppliers to Diversify to Vietnam In the ever-changing landscape of global trade, adaptability is key to success. The latest player to make a strategic move is the fast fashion giant Shein, which is proactively responding to the challenges posed by US tariffs. The company has recently approached some of its Chinese […]
US Postal Service Reverses Decision to Halt China Shipments
US Postal Service Reverses Decision to Halt China Shipments The US Postal Service recently found itself in a whirlwind of confusion when it announced a temporary halt on package shipments from China and Hong Kong. This decision sent shockwaves through the business community, raising concerns about the impact on international trade and supply chains. However, […]
EU files WTO complaint against China’s patent practices
EU Challenges China’s Patent Practices at WTO Over Telecom Royalty Disputes The European Union has taken a bold step in the realm of international trade by filing a formal complaint against China at the World Trade Organization (WTO) over alleged unfair patent practices. At the heart of this dispute are telecom royalty disagreements that have […]