South Korea industry minister still concerned about US tariff impact on exporters
South Korea industry minister still concerned about US tariff impact on exporters
South Korea industry minister still concerned about US tariff impact on exporters
June O’Connell, founder and director at Irish gin and whiskey-makers Skellig Six18 Distillery, said U.S. tariffs have hit her business hard this year. Paul McCarthy | Skellig Six18 Distillery Along the “last road in Ireland,” on the country’s rugged west coast, June O’Connell’s business Skellig Six18 makes gin and whiskey — a time-intensive process guided by … Read more
JINHUA, CHINA – JUNE 16: Employees of a cross-border e-commerce enterprise sort and package express parcels in preparation for the 618 Shopping Festival on June 16, 2025 in Jinhua, Zhejiang Province of China. (Photo by Yang Meiqing/VCG via Getty Images) Vcg | Visual China Group | Getty Images This report is from CNBC’s The China … Read more
China Shipping containers are seen at the port of Oakland, as trade tensions continued over U.S. tariffs with China, in Oakland, California, U.S., May 12, 2025. Carlos Barria | Reuters Chinese exporters are offering lucrative deals to U.S. customers with promises of bearing the full burden of tariffs. Look beneath and there’s a web of … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chinese exporters are stepping up efforts to avoid tariffs imposed by US President Donald Trump by shipping their goods via third countries to conceal their true origin. Chinese social media platforms are awash with adverts … Read more
A crane unloads peas imported from Canada at the Laizhou port area of Yantai Port in Yantai, China, on February 28, 2025. Nurphoto | Nurphoto | Getty Images The clock is ticking on trade deals that the U.S. will need to strike with many nations, most notably China, to avoid what Trump’s Treasury Secretary has … Read more
Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. Ecommerce giants Alibaba, JD.com and Pinduoduo are leading Chinese internet groups in launching multibillion-dollar initiatives to help traditional exporters switch to domestic sales, as part of a national campaign to cushion the country’s … Read more
Donald Trump’s tariff war has been wreaking havoc in global markets, but among exporters in China’s “trinket town” — the eastern city of Yiwu famous for making everything from Christmas trees to Donald Trump campaign caps — the mood is more of stoic defiance than panic. Amid government invocations of late dictator Mao Zedong that … Read more
Machinery and vehicles ready for shipment at the dock of the Oriental Port Branch of Lianyungang Port in China, on Sept. 27, 2024. Costfoto | Nurphoto | Getty Images BEIJING — U.S. has raised tariffs on Chinese imports to triple digits. For China’s exporters, it means raising prices for Americans while accelerating plans to diversify … Read more