As President Donald Trump has imposed steep tariffs on China, American importers are buying much less. But the rest of the world is making up the difference, buying more from China than ever. China has offset the decline from America with breathtaking speed. Shipments to other parts of the world have surged this year, demonstrating … Read more
China has suspended a ban on approving exports of “dual-use items” related to gallium, germanium, antimony and super-hard materials to the U.S., the commerce ministry said on Sunday. The suspension takes effect from Sunday until November 27, 2026, the ministry said in a statement. It did not give any further details. The ministry announced the … Read more
Europe’s medical device makers are feeling the pain from President Donald Trump‘s trade moves. Siemens Healthineers AG shares fell the most on record on Wednesday after the German company warned that it expects the impact from tariffs to roughly double to ₹400 million ($460 million) in fiscal 2026. While the manufacturer sees good business prospects … Read more
The US ambassador to Britain told a business gala there are “areas of concern” about the UK economy that could impede further ties between the countries. Warren Stephens said Wednesday that high energy costs and the UK’s pricing on pharmaceuticals were holding back enterprise and investment, during a speech attended by British Trade Minister Chris … Read more
China announced it will remove retaliatory tariffs on some US farm products and lift export controls on an array of American firms, after Washington halved its fentanyl-related levies on Chinese goods. The country’s finance ministry confirmed in a Wednesday notice it would end tariffs imposed March 4 on soybeans and other US agricultural products including … Read more
Chinese President Xi Jinping took centrestage at a meeting of APEC leaders on Saturday to push a proposal for a global body to govern artificial intelligence and position China as an alternative to the United States on trade cooperation. The comments were the first by the Chinese leader on an initiative Beijing unveiled this year, … Read more
Minutes before Air Force One touched down in South Korea, US President Donald Trump issued a terse missive on social media: “For those that are asking, we didn’t come to South Korea to see Canada!” Just over 12 hours later, Trump was seated directly across a small dinner table from Canadian Prime Minister Mark Carney. … Read more
A federal judge in San Francisco on Tuesday indefinitely barred the Trump administration from firing federal employees during the government shutdown. US District Judge Susan Illston granted a preliminary injunction that bars the firings while a lawsuit challenging them plays out. She had previously issued a temporary restraining order against the job cuts that was … Read more
Donald Trump’s presidential approval rating fell in recent days, tying the lowest level of his term, as more Americans frowned on his handling of the cost of living, according to a new Reuters/Ipsos poll. The three-day poll, which concluded on Sunday, showed 40% of Americans approve of the Republican leader’s job performance, compared to 42% … Read more
A group of 18 Democratic senators urged the Trump administration to reconsider its intention to drop a plan by the prior administration to require airlines to pay passengers cash compensation when flight disruptions are caused by carriers. In December, the U.S. Department of Transportation under then-President Joe Biden sought public comment in a regulatory proceeding … Read more