The New York Post reported that shoppers could start seeing empty store shelves by May. Mom-and-pop shops are most likely to be affected. According to Vizion, the number of China imports expected to arrive in the Ports of Los Angeles and Long Beach between May 4 and May 10 is down by 43% compared to the same period the previous year. Comparatively, during the week of … [Read more...] about China Import Freeze Threatens to Empty U.S. Store Shelves by Summer
China - U.S. Relations
TikTok Sale to US Company Put on Hold
Charles Gasparino, a New York Post contributor, said that the sale of TikTok by a Chinese company to a US-based company is currently "off the table". Gasparino reported Wednesday on X that White House officials "now concede the potential @tiktok_us deal — sale to a US company by the Chinese — is off the table for the foreseeable future and maybe forever as we go to a trade … [Read more...] about TikTok Sale to US Company Put on Hold
China Strikes Back With 84% Tariffs on US Products
The Finance Ministry announced Wednesday that China would impose tariffs of 84% on U.S. products starting Thursday. This is an increase from the previous announcement of 34%. China warned the World Trade Organization (WTO) on Wednesday that the United States' decision to impose reciprocal tariffs against Beijing, as it called them, threatens to further disrupt global … [Read more...] about China Strikes Back With 84% Tariffs on US Products
TikTok’s Fate Hangs in Balance as US-China Trade War Takes Digital Hostages
According to senior administration officials, after months of negotiation, a deal was reached on Wednesday to transfer TikTok’s United States operations over to a company with majority American ownership. ByteDance, the Trump Administration, Oracle, Blackstone, and Andreessen Horowitz, among others, negotiated the terms and reached an agreement with the investors. It was … [Read more...] about TikTok’s Fate Hangs in Balance as US-China Trade War Takes Digital Hostages
China Frees 5 US Due Diligence Firm Staff After Tense Standoff
The company reported Tuesday that China released five employees from an American due diligence firm who were detained in China more than two years ago as part of a crackdown against foreign consultancies linked to multinationals. Mintz Group reported that Chinese authorities detained five Chinese employees from its Beijing office and forced it to cease operations in March … [Read more...] about China Frees 5 US Due Diligence Firm Staff After Tense Standoff
