China battens down the hatches for blustery trade winds as odds of Trump victory rise

China battens down the hatches for blustery trade winds as odds of Trump victory rise

In 2018 and 2019, his administration imposed tariffs of up to 25 per cent on hundreds of billions of US dollars of Chinese goods. During this year’s campaign he has already issued sterner threats, including duties in excess of 60 per cent on all Chinese imports. “It seems we are already adapting gradually,” Chen said. … Read more

Biden extends tariff exemptions on some imports from China

Biden extends tariff exemptions on some imports from China

President Joe Biden plans to extend tariff exemptions on hundreds of products from China for two weeks as a transition period before reimposing duties on some of them, and will continue exclusions for some others until the middle of next year, the office of the U.S. Trade Representative said. The exemptions were set to expire … Read more

China steels itself for new front in trade war after US proposes tariffs on metals

China steels itself for new front in trade war after US proposes tariffs on metals

The US Trade Representative’s (USTR) office also initiated a probe into China’s maritime, logistics and shipbuilding industries, alleging that Beijing used “unfair, non-market policies and practices” to dominate these sectors. Henry Gao, a law professor at Singapore Management University, said he would not be surprised if China imposes countermeasures against the proposed tariffs through countervailing … Read more

US seizes more illegal e-cigarettes, but thousands of new ones are launching

US seizes more illegal e-cigarettes, but thousands of new ones are launching

Federal officials are seizing more shipments of unauthorized electronic cigarettes at U.S. ports, but thousands of new flavored products continue pouring into the country from China, according to government and industry data reviewed by The Associated Press. The figures underscore the chaotic state of the nation’s $7 billion vaping market and raise questions about how … Read more