If the “China shock” of the early 2000s was about China catching up, then “China shock 2.0” is about the country redefining the boundaries of what is economically possible across manufacturing sectors, according to Columbia University professor Adam Tooze. Amid complaints about the trade and industrial policies accelerating China’s rise in many sectors – including aviation, space, artificial intelligence (AI), telecoms, microprocessors, robotics, nuclear and fusion power, quantum computing,...
The zero-tariff regime gives China's soft power a boost, but may lead to uneven gains, say analysts.
US President Donald Trump said on Thursday that he was removing certain tariffs on Scotch whisky after this week’s White House visit by the UK’s King Charles and Queen Camilla. “The King and Queen got me to do something that nobody else was able to do, without hardly even asking!” Trump posted on social media. Trump said people had wanted this change, especially with regard to the wooden barrels in which the spirits of Scotch and bourbon can be aged. His post left it unclear if the tariffs were...
Zambia must decide by April 30 if it will provide American businesses with preferential access to its minerals.
More than 330,000 importers paid up to $166bn in tariffs on 53 million shipments of imported goods.
Businesses can apply online through a portal for refunds expected to total $160bn.
In a separate notification, DGFT said an additional condition has been added for exports of feathers, skins and other parts