US Ends Small-Parcel Tax Break on Chinese Shipments, Prices Soar
120% tariffs on Chinese mainland small parcels take effect as US ends the de minimis tax break, driving up e-commerce costs and hitting small businesses.
Business
Insights on global markets, startups, tech giants, and economic trends shaping the G20 and beyond.
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Ningbo Port Flexes Muscle Amid Trade Tensions
Amid US tariffs, Ningbo port in China’s east leverages tech and entrepreneurship to keep global trade flowing, showcasing resilience in challenging times.
Apple Braces for $900M Q3 Tariff Hit, Shifts iPhone Production to India
Apple warns of a $900M Q3 tariff hit and accelerates its supply chain shift to India as Chinese mainland sales dip, reshaping global production and market dynamics.
U.S. Shoppers Face Higher Prices as Duty-Free Imports from the Chinese Mainland & Hong Kong SAR End
As of May 2, the U.S. ends duty-free treatment for imports from the Chinese mainland and Hong Kong SAR. Shoppers face up to 120% tariffs, delivery delays, and pricier goods.
RSAC 2023: 142 Nations Unite to Combat AI-Powered Cyber Threats
RSAC 2023 in San Francisco gathers experts from 142 countries to explore AI-powered cyber threats, blending deep dives and practical workshops for a borderless digital age.
China Passes Landmark Private Sector Law to Boost Growth and Confidence
China’s new private sector law, set to take effect May 2025, offers legal guarantees to boost private enterprises amid global uncertainty.
May Day Tourism Boom: Chinese Mainland Inbound Trips Jump 173%
Inbound tourism to the Chinese mainland surged 173% over the May Day holiday, driven by new tax refund policies, visa-free perks, and Shanghai’s optimized shopping experience.
May Day Travel Boom: Chinese Mainland Hits 1.42B Trips
Chinese mainland May Day travel hits 1.42B trips and 2.15M daily border crossings—signs of a tourism rebound.
Former Serbian FM Labels US Tariffs an “Act of Deception”
Serbian ex‑FM Ivan Mrkić calls US tariffs an “act of deception,” warning of supply‑chain strains and urging G20 and WTO members to seek multilateral solutions.
U.S., Ukraine Sign Landmark Mineral Investment Pact
The United States and Ukraine formalized a mineral investment agreement, granting U.S. firms preferential access to Ukraine’s mineral markets and reshaping global supply chains.