China is poised for economic stimulus and major structural changes that will set corporates up for strong returns, according to Andrew Swan, head of Asia equities at Man Group. “The sentiment around the China market obviously has been pretty poor, not just recently, but for some time now. I think investors are ignoring some of…
L’Oreal global flagship store is seen on Nanjing Road on May 8, 2021 in Shanghai, China. Vcg | Visual China Group | Getty Images The world’s largest beauty group L’Oreal said Friday that it plans to become less dependent on the Chinese consumer for growth, instead targeting burgeoning opportunities in the U.S. market. “We see…
EPA US President Donald Trump has suspended tariffs on small packages from China, after his sudden order ending duty-free treatment for shipments worth less than $800 left the US postal service and other agencies scrambling to comply. The postal service temporarily stopped accepting packages from China as a result of the order, only to reverse…
2024 Lincoln Nautilus Ford DETROIT — President Donald Trump’s move Saturday to impose 10% additional tariffs on imports from China affects a small number of U.S. vehicles. But those tariffs are also hitting auto parts, which could increase already heightened vehicle prices for consumers. The U.S. in recent years has imported from about $15.4 billion…
Natalie Sherman & Jonathan Josephs BBC News Getty Images China has accused the US of making “unfounded and false allegations” about its role in the fentanyl trade to justify tariffs on Chinese products. The complaint was lodged with the World Trade Organization (WTO) one day after US President Donald Trump raised border taxes on Chinese…
U.S. Postal Service (USPS) trucks are parked at a post office on August 23, 2024 in Los Angeles, California. Mario Tama | Getty Images The U.S. Postal Service said Wednesday it will resume accepting inbound mail and packages from China and Hong Kong, just hours after it suspended service from those regions. “The USPS and…
A United States Postal Service employee at work in New York City on Dec. 4, 2023. Brendan Mcdermid | Reuters The U.S. Postal Service said Tuesday it’s temporarily suspending all inbound packages from China and Hong Kong Posts. The change is effective immediately and will remain “until further notice,” according to an alert posted to…
Laura Bicker China correspondent Reuters Large-engine cars are among the US imports that Beijing has said it will tax Beijing has made its decision. After days of warning of counter measures and urging Washington to enter negotiations and “meet China halfway”, it has decided to hit back – or at least threaten to retaliate with…
Watch: ‘I’m getting angry and anti-American’ – Canadians decry tariff threat President Donald Trump has agreed to hold off imposing 25% tariffs on Canada and Mexico for 30 days, pulling the North American neighbours back from the brink of a potentially damaging trade war. After last-minute calls with Trump, Canadian Prime Minister Justin Trudeau agreed…
Tom Bateman State Department correspondent in Panama Reuters US Secretary of State Marco Rubio, right, was greeted by Panamanian foreign minister Javier Martinez-Acha on his arrival in Panama City US Secretary of State Marco Rubio has demanded that Panama make “immediate changes” to what he calls the “influence and control” of China over the Panama…
