The cargo yard of the Qianwan United Container Terminal of Qingdao Port in Qingdao City, Shandong Province, China. Nurphoto | Getty Images Businesses are finding a workaround to minimize the most significant hit from tariffs, using a decades-old piece of legislation known as the “first sale rule.” Within U.S. customs law, the first sale rule…
Vessels carrying shipping containers sail near Kwai Tsing Container Terminal in Hong Kong, China, April 23, 2025. Tyrone Siu | Reuters The intense trade war with the U.S. has left lasting scars on Chinese exporters with many looking to diversify away from the U.S., despite the temporary tariff reprieves, a private survey found. Based on…
Chinese President Xi Jinping attends the opening session of the National People’s Congress (NPC) at the Great Hall of the People in Beijing, China, March 5, 2025. Florence Lo | Reuters BEIJING — China plans to help struggling businesses with targeted measures in the face of “increased external shocks,” according to a readout of a…
Close-up of ‘Shop Canadian’ poster displayed in a local storefront in Edmonton, Alberta, Canada, on April 4, 2025. Artur Widak | Nurphoto | Getty Images Just across the U.S.-Canada border, some small businesses are taking tariffs personally. President Donald Trump has said his wide-sweeping tariffs, even on some of the country’s closest trade partners, will…
Rachel Reeves, UK chancellor of the exchequer, outside 11 Downing Street ahead of presenting her budget to parliament in London, UK, on Wednesday, Oct. 30, 2024. Bloomberg | Bloomberg | Getty Images Home improvement retailer Kingfisher became the latest British company to report a negative impact from U.K. Finance Minister Rachel Reeves’ October budget —…
The parliament building in Singapore Bloomberg | Bloomberg | Getty Images Singapore has announced a slew of support measures for both households and businesses in 2025, including vouchers and tax breaks, in its first budget under Prime Minister Lawrence Wong. Wong said that this comes amid concerns over rising costs, given the rise in global…
Doug Price Donald Trump’s talk of applying new tariffs to goods from America’s biggest trade partners has sparked months of uncertainty for business owners. On Saturday, the president made good on his threats, ordering a new 25% tax on shipments from Mexico and Canada and raising existing tariffs on goods from China by 10%. But…
South Sudan’s President Salva Kiir has called for calm and urged citizens not to take the law into their own hands, following a spate of attacks on businesses and homes owned by people from neighbouring Sudan. Three people have been killed and seven were wounded in violent confrontations with security officers in the capital, Juba,…
