Chinese exports

The Ripple Effect of Tariffs: Navigating China’s Influence on Global Trade

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The Ripple Effect of Tariffs: Navigating China’s Influence on Global Trade

Written by Badri Narayanan Gopalakrishnan Recently, the Biden administration in the US announced an increase in tariffs on certain commodities imported from China. A press release issued by the White House said that the tariff rate on certain steel and aluminum products will increase from 0-7.5% to 25% in 2024, while the rate on electric … Read more

Alibaba’s B2B e-commerce platform eyes 20% growth in 2024, shrugs off rising competition

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Alibaba’s B2B e-commerce platform eyes 20% growth in 2024, shrugs off rising competition

Alibaba.com, a business-to-business (B2B) cross-border e-commerce platform owned by Alibaba Group Holding, is projecting US$60 billion in gross merchandise value (GMV) for 2024, which would be a 20 per cent increase over the US$50 billion last year, the platform’s president Zhang Kuo said. The sourcing platform’s turnover growth slowed after a sevenfold increase in GMV … Read more