BEIJING – China said on Tuesday that it is closely monitoring US trade policies and will decide “in due course” whether to adjust countermeasures against new tariffs, following President Donald Trump’s announcement of a temporary 15% duty. A commerce ministry official emphasized that China remains opposed to unilateral tariff actions and called on the United […]
US-China tariffs
China chip tariffs delayed as US brands policies unfair
The United States said China uses unfair tactics to dominate the semiconductor industry. However, Washington will delay tariffs until June 23, 2027. The USTR said current tariffs remain at zero for now. The U.S. Trade Representative investigation concluded China’s policies “burden or restrict U.S. commerce and are actionable.” The agency will announce the tariff rate […]
Apple stock plunges 5% on tariff hit, smaller buyback
Apple Inc. shares dropped significantly on Friday. They fell by 5%. This happened after two key announcements. Apple revealed a reduced stock buyback program. The company also warned about costs from US-China tariffs. These tariffs could cost Apple $900 million this quarter. This news worried investors. Apple CEO Tim Cook also shared important information. Apple […]