Apple’s Global Supply Chain Faces $33B Hit from New U.S. Tariffs
Apple’s global supply chain spanning 50+ countries faces an estimated $33B in annual costs due to new U.S. tariffs hitting Japan, South Korea and China’s Taiwan region.
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Cross-Border Tariffs Push E-Commerce Costs Higher for Global Shoppers
As US levies near-universal import tariffs on goods from the Chinese mainland, cross-border e-commerce platforms pass the 145% surcharge onto consumers worldwide.
Service Trade on the Chinese Mainland Jumps 8.7% to 1.97T Yuan in Q1
In Q1, the Chinese mainland service trade hit 1.97 trillion yuan, up 8.7%, led by a 21.8% surge in travel services and steady growth in knowledge-intensive sectors.
Bandar Abbas Port Blast: Death Toll Rises to 70 Amid Ongoing Fire
Death toll from Saturday’s Bandar Abbas port explosion rose to 70 with over 1,200 injured as crews contain fires and probe possible negligence or sabotage.
Brazil Eyes US Spot in China’s Beef Market
Brazil moves to fill the gap as China cuts US beef imports, expanding its lead in the global beef market.
Beijing Sets Stage for Global Trade & Investment Summit 2025
Beijing to host the Global Trade and Investment Promotion Summit 2025 on May 22, focusing on digital and intelligent era for shared development.
China Pushes Back Against US Tariffs Over Fentanyl Dispute
China pushes back against US reciprocal tariffs tied to the fentanyl issue, deploying swift countermeasures to defend its interests and reshape global trade dynamics.
U.S. Tariff Threats Backfire on Consumers and Exporters
U.S. tariff threats have triggered a global domino effect: higher prices, rising inflation, job cuts, and retaliatory duties, proving that trade war policies can backfire at home.
Americans Warn Trade War ‘Not Good for Anyone’
U.S. tariffs have raised costs for businesses and consumers, sparking retaliatory measures and market jitters. Entrepreneurs warn a trade war ‘not good for anyone’ as price hikes bite.
New Draft Boosts Arbitration Oversight on Chinese Mainland
The Chinese mainland’s Law on Arbitration is set for a second reading, aiming to curb fraudulent claims, enhance international cooperation, and streamline foreign award enforcement.