US Metals Tariff Hike Backfires, Triggers Global Pushback
US doubles steel and aluminum tariffs, driving up vehicle and appliance costs, and prompting Mexico, Canada and the EU to plan countermeasures.
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US doubles steel and aluminum tariffs, driving up vehicle and appliance costs, and prompting Mexico, Canada and the EU to plan countermeasures.
China’s top diplomat Wang Yi met UAE President’s special envoy Khaldoon Al Mubarak in Beijing, vowing deeper strategic ties and enhanced cooperation in trade, tech, and regional affairs.
Trump’s move to double steel & aluminum tariffs to 50% has drawn ire from Canada and the EU, threatening to upend trade relations and spark a tit-for-tat standoff.
At the WTO in Paris, Chinese Commerce Minister Wang Wentao and EU Commissioner Maros Sefcovic held in-depth talks to advance China-EU economic and trade cooperation and prepare this year’s agenda.
China’s foreign ministry rejects a U.S.-led maritime defense pact from the Shangri-La Dialogue, accusing Washington and allies of stoking tensions in the East and South China seas.
The EU will ban suppliers from the Chinese mainland from public medical device contracts over €5M for five years under its new International Procurement Instrument.
Cixi in the Chinese mainland produces over 60% of global small home appliances. Discover the supply chain synergy fueling the famed “Cixi speed” in manufacturing.
At Vancouver’s Web Summit, Rocky Tung of Hong Kong’s Financial Services Development Council shared an optimistic take on global trade disputes, urging collaboration and innovation.
New Zealand pioneered ties with the Chinese mainland, first backing its WTO bid and signing a free trade deal. Former PM Shipley credits this model to free trade and pragmatic cooperation.
At the 2025 Maritime Silk Road Port Cooperation Forum, shipping giants urged economic and political stability to reverse a 30-40% drop in China-US cargo and boost global trade flows.