25 h. ago Trump signs defence bill restricting investment in Chinese tech, military firms

US President Donald Trump on Thursday signed a sweeping defence bill that would restrict US outbound investment in Chinese technology and curb federal contracts with Chinese biotechnology companies, amid an uneasy trade truce between Washington and Beijing. The bill, known as the National Defence Authorisation Act (NDAA), cleared both the House of Representatives and Senate earlier this month after months of negotiation. The Senate passed the bill on Wednesday in a 77-20 vote, following its...

Economics

3 d. ago China sets import tariff of almost 10 per cent on Belgian pork

China sets import tariff of almost 10 per cent on Belgian pork  belganewsagency.eu

Politics

4 d. ago Mexico stands by 50 per cent tariffs on Chinese goods, says move will protect 350,000 jobs

Economy Secretary Marcelo Ebrard on Monday defended Mexico’s decision to impose new tariffs on imports from China and other Asian countries, describing the move as a necessary step to protect hundreds of thousands of domestic jobs rather than a provocation to any trading partner. The tariff package, approved by Congress last week, will take effect on January 1 and introduce duties ranging from five to 50 per cent on 1,463 products from countries without trade agreements with Mexico. These...

Politics

4 d. ago Mexico stands by its decision for 50 per cent tariffs on Chinese goods

Mexico stands by its decision for 50 per cent tariffs on Chinese goods  South China Morning Post

Politics

7 d. ago Japan, US defence chiefs discuss radar row; Mexico’s China tariffs: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Japan, US defence chiefs cover radar row and other China tensions in phone call US and Japanese defence chiefs spoke on the phone on Friday about a confrontation between Chinese and Japanese fighter jets over the weekend, with Tokyo saying it did not seek to escalate the tensions. 2. Mexico slaps tariffs of up to 50% on Chinese goods as US trade pact review...

Politics

8 d. ago Mexico slaps tariffs of up to 50 per cent on Chinese goods as US trade pact review looms

Mexican President Claudia Sheinbaum on Thursday defended her government’s decision to impose new import tariffs, hours after the Senate approved legislation allowing duties of up to 50 per cent on more than 1,400 products from Asian countries. The measure, widely seen as aimed at curbing Chinese imports, comes as Mexico prepares for a review of its trade agreement with the United States and Canada next year. Sheinbaum described the move as part of her administration’s plan to strengthen domestic...

Politics

8 d. ago Mexico slaps tariffs of up to 50% on Chinese goods as US trade pact review looms

Mexican President Claudia Sheinbaum on Thursday defended her government’s decision to impose new import tariffs, hours after the Senate approved legislation allowing duties of up to 50 per cent on more than 1,400 products from Asian countries. The measure, widely seen as aimed at curbing Chinese imports, comes as Mexico prepares for a review of its trade agreement with the United States and Canada next year. Sheinbaum described the move as part of her administration’s plan to strengthen domestic...

Politics

8 d. ago Mexico Slaps Up to 50% Tariffs on Chinese Goods, Drawing Outcry From Beijing

Mexico Slaps Up to 50% Tariffs on Chinese Goods, Drawing Outcry From Beijing  The Wall Street Journal

Politics

8 d. ago Mexico’s tariffs on China aim to placate US – but could backfire: analysts

Mexico’s move to place tariffs of up to 50 per cent on Chinese and other Asian goods underscores US efforts to pressure other countries to take action against China – and Beijing may well retaliate, analysts said. The Mexican Senate on Wednesday approved duties between 5 and 50 per cent on 1,463 product categories – including auto parts, textiles and plastics – starting from January 2026. President Claudia Sheinbaum had proposed the tariffs in the name of protecting local industries, subject to...

Events

9 d. ago Mexico lawmakers approve tariff increase on Chinese and other Asian imports

Mexico’s lower house early Wednesday approved tariffs of up to 50 per cent next year on imports from China and several other Asian countries, aiming to boost domestic production and address trade imbalances. With 281 votes in favour, 24 against, and 149 abstentions, the chamber passed the bill, which still requires Senate approval, despite opposition from China and local business groups. The proposal would impose or raise tariffs – mostly up to 35 per cent – throughout 2026 on goods such as...

Politics

1 week ago US says Indonesia backtracking on trade pledges as deal risks falling flat

US Trade Representative Jamieson Greer is set to speak with a top Indonesian official this week in hopes of salvaging a trade framework at risk of collapsing, the Financial Times reported on Tuesday. Greer will speak to Airlangga Hartarto, the Indonesian coordinating minister for economic affairs, in an effort to revive a deal struck in July that would see US tariffs on Indonesian goods reduced from a threatened 32 per cent to 19 per cent in exchange for a series of concessions. But US officials...

Events

1 week ago US says Indonesia backtracking on trade pledges as Trump deal risks falling flat

US Trade Representative Jamieson Greer is set to speak with a top Indonesian official this week in hopes of salvaging a trade framework at risk of collapsing, the Financial Times reported on Tuesday. Greer will speak to Airlangga Hartarto, the Indonesian coordinating minister for economic affairs, in an effort to revive a deal struck in July that would see US tariffs on Indonesian goods reduced from a threatened 32 per cent to 19 per cent in exchange for a series of concessions. But US officials...

Politics

1 week ago Supply chain guru Victor Fung warns of ‘20% tax’ as tariffs reshape global trade

Hong Kong tycoon Victor Fung Kwok-king former chairman of supply chain management conglomerate Fung Group, warned on Tuesday that consumers around the world will ultimately bear the cost of a de facto 20 per cent tariff in global trade. Speaking at the Global Supply Chain Business Summit 2025 held by the Hong Kong University of Science and Technology’s Li & Fung Supply Chain Institute, the 80-year-old said the global trading environment was converging towards an average tariff rate of about 20...

Events

1 week ago Hitting China with tariffs should be ‘last resort’, German foreign minister says

German Foreign Minister Johann Wadephul has warned that Europe must be “extremely cautious” about slapping tariffs on China, as it could prompt Beijing to take countermeasures that could turn into a “spiral”. The remarks came after French President Emmanuel Macron said he had told Beijing during his visit to China last week that Europe would be forced to take “strong measures” against Chinese goods if the trade imbalance was not addressed. “I told them that if they do not react, we Europeans...

Politics

1 week ago Macron’s trade ultimatum to China goes public: fix surplus or face tariffs

Emmanuel Macron has warned Beijing that Europe would be forced to retaliate with “strong measures” against Chinese goods – including punitive tariffs modelled after US policy – if a trade imbalance between the two sides remains unaddressed well into 2026. Back in Paris, fresh from a diplomatic visit to China that ended on Friday, the French president told business newspaper Les Echos that China was “effectively killing their own customers” by running unsustainable surpluses while curbing...

Politics

1 week ago Chinese carrier holds air drills as Tokyo, Beijing trade barbs

Chinese carrier holds air drills as Tokyo, Beijing trade barbs  Reuters

Politics

1 week ago Chinese carrier holds air drills as Tokyo, Beijing trade barbs By Reuters

Chinese carrier holds air drills as Tokyo, Beijing trade barbs By Reuters  Investing.com

Politics

1 week ago Macron Warns of Tariffs on Chinese Goods as EU Confronts 64% Trade Imbalance Growth

Macron Warns of Tariffs on Chinese Goods as EU Confronts 64% Trade Imbalance Growth  Morocco World News

Events

1 week ago Trump trade war shift away from Chinese manufacturing has reached tipping point

Trump trade war shift away from Chinese manufacturing has reached tipping point  CNBC

Politics

1 week ago Trump's trade war shift away from Chinese manufacturing has reached tipping point

Trump's trade war shift away from Chinese manufacturing has reached tipping point  CNBC

Politics