Trump announces that China’s Xi has consented to restart rare earth mineral shipments to the US.
Trump Talks Rare Earth Minerals with Xi On Friday, President Donald Trump shared that China’s President Xi Jinping has agreed to resume the export of rare earth minerals to the U.S. This comes after a pause in shipments that began in April. During a lighthearted moment aboard Air Force One, a reporter asked Trump about […]
U.S. Lowers Tariffs on Temu and Shein Shipments to 30%
Trade Tariff Adjustments Affect Shein and Temu The Trump administration has decided to lower tariffs on affordable Chinese products from platforms like Shein and Temu to 30%. This marks a significant drop from the previous 145% tariff. As part of this adjustment, the current tariff comprises a 10% “mutual” duty targeted at China, alongside a […]
Trump administration reducing tariffs on small shipments from China
The Trump administration has lowered tariffs on small packages imported from China, reducing them from 120% to 54% as a result of a three-month trade truce with Beijing. The White House revealed these changes following a Presidential Order issued on Monday, which adjusts the “de minimis” tariffs on low-value imports from China. Now, small packages […]
US to reduce ‘de minimis’ tariff on shipments from China to 54% from 120%
The US has lowered the “de Minimis” tariffs on Chinese goods from 120% to 54% and maintained a flat rate of $100, effective May 14th, as stated in a recent White House executive order. This decision comes shortly after both Beijing and Washington declared a pause in their ongoing trade conflict, agreeing to lift most […]
Nvidia and Anthropic Disagree on AI Chip Shipments to China
Nvidia and the AI startup Humanity are publicly disagreeing over upcoming U.S. chip export restrictions aimed at preventing advanced AI technology from reaching China. These restrictions are set to be implemented on May 15. In an unusual public altercation, Nvidia and Humanity have clashed regarding the new U.S. export rules, also referred to as the […]
Temu, Linked to Chinese Slavery, Stops Shipments from China to the U.S.
Temu, a Chinese discount shopping website, has halted shipments of goods from China to the US. This change follows President Donald Trump’s decision last month to close a loophole that previously allowed the waiving of duties on small shipments. According to reports from the Wall Street Journal, a representative from Temu confirmed the cessation of […]
UPS to move forward with large-scale layoffs amid lower Amazon shipments
Forbes Medic Steve Forbes will be taking part in the Big Money Show panel to talk about the international significance of rising trade tensions between the US and China. United Parcel Service (UPS) said Tuesday it will cut around 20,000 jobs and shutter 73 at its facility as it cuts its largest customer, Amazon, and […]
DHL Express restarts global shipments of packages worth over $800 to US consumers
Penn Mutual Asset Management Portfolio Manager George Cipolloni unlocks the stock market’s response to tariff uncertainty in “Morinss with Maria.” DHL Express is resuming shipments from businesses in other countries worth more than $800 to US consumers. The parcel delivery company announced the move Monday, marking the end of a temporary suspension of over $800 […]
China Shuts Door on 12,000 Metric Tons of US Pork Shipments!
China has terminated 12,000 tonnes of pork imports from the US amid escalating trade tensions between the two nations, as per data revealed on Thursday. As one of the largest trading partners of the US, China has outstanding orders for 12,000 tons of American pork, according to the US Department of Agriculture (USDA). This cancellation […]
China’s export controls are curbing critical mineral shipments to the world
BEIJING – China’s export controls on three important metals across the defense and chip sector have historically maintained cargo at a low level, despite high prices around the world. China is the world’s largest producer of antimony, germanium and gallium, and plays a niche but important role in clean energy, chipmaking and defense. Since 2023, […]