Pak Yiu

New York

US News Editor at Nikkei Asia

Correspondent at @nikkeiasia covering U.S.-Asia business 📨 [email protected] / DM for Signal

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Articles

Chinese electric truck maker Windrose rolls into US through Trump fog

3 days ago | asia.nikkei.com | Pak Yiu

NEW YORK -- With U.S. President Donald Trump saying his tariffs on China and other countries will help rebuild manufacturing in America, an electric vehicle startup with roots in China is ready to join the effort. Windrose Technology is currently refurbishing an old assembly plant for long-haul trucks in California, scheduled for completion by July. It aims to select a second, larger manufacturing site to serve U.S. customers by the end of this year and open it in early 2026.
US small business owners struggle to diversify from China manufacturing

5 days ago | asia.nikkei.com | Pak Yiu

NEW YORK -- Small and midsize U.S. businesses are finding it increasingly difficult to relocate production away from China, despite the heavy tariffs imposed on imported Chinese goods by Washington with the intent of shifting manufacturing back to domestic soil. Companies say China not only offers low-cost labor, but crucial raw materials, locally produced machinery and general expertise.
US to 'aggressively revoke' Chinese and Hong Kong student visas

1 week ago | asia.nikkei.com | Pak Yiu

NEW YORK/WASHINGTON -- U.S. President Donald Trump's administration intends to cancel visas of Chinese and Hong Kong students and enhance scrutiny of future visa applications from these jurisdictions. In a press statement, the State Department said it will work with the Department of Homeland Security to "aggressively revoke visas for Chinese students, including those with connections to the Chinese Communist Party or studying in critical fields."
US moves to revoke Chinese and Hong Kong student visas

1 week ago | asia.nikkei.com | Pak Yiu

NEW YORK/WASHINGTON -- U.S. President Donald Trump's administration intends to cancel visas of Chinese and Hong Kong students and enhance scrutiny of future visa applications from these jurisdictions. In a press statement, the State Department said it will work with the Department of Homeland Security to "aggressively revoke visas for Chinese students, including those with connections to the Chinese Communist Party or studying in critical fields."
Spooked by US policy, investors look to Asia and cut dollar assets

2 weeks ago | asia.nikkei.com | Pak Yiu

NEW YORK/HONG KONG -- Wealthy investors are scaling back their exposure to the U.S. and turning to other assets in response to volatile trade policy and renewed fears that tensions between the world's two largest economies could spread to the financial sector.
Trump tariffs keep Asian firms on sidelines at US investment summit

3 weeks ago | asia.nikkei.com | Pak Yiu

NATIONAL HARBOR, Maryland -- Asian companies hesitate to invest in the U.S. amid the uncertainty shaped by the Trump administration's whipsawing trade policies, a reality ironically highlighted at an investment event here this week. "Invest now and invest big," U.S. President Donald Trump urged foreign companies in prerecorded remarks to the SelectUSA Investment Summit, a premier event of the Department of Commerce.
LG Energy faces obstacles diversifying US anode supply chain for EV batteries

3 weeks ago | asia.nikkei.com | Pak Yiu

NEW YORK -- Developing a domestic anode materials supply chain for electric-vehicle battery production in the U.S. is the biggest challenge for LG Energy Solution as President Donald Trump's tariff policies drive up costs for raw materials and equipment. The South Korean clean-technology giant has sought alternatives for "quite a lot" of its imported raw materials, according to Bob Lee, its North American president.
US companies front-load China orders after trade truce

3 weeks ago | asia.nikkei.com | Pak Yiu

WASHINGTON -- U.S. companies are rushing to import merchandise from China within a 90-day window after the world's two largest economies agreed to temporarily reduce tariffs and begin discussions to ease trade tensions. Retailers that sell toys, apparel and other consumer goods have asked Chinese suppliers to release orders -- and started new orders -- following the decision by the White House to slash the tax on imported goods from China to 30% from 145% until Aug. 12.
Chinese firms in US to hold back investments over inflation, survey shows

3 weeks ago | asia.nikkei.com | Pak Yiu

WASHINGTON -- Chinese companies in the U.S. say geopolitical tensions, inflation and an unstable American economy aggravated by trade restrictions pose the biggest challenges to them, according to a new survey published Monday. The annual survey, conducted by the Chinese General Chamber of Commerce USA (CGCC), also found that firms are more cautious of investing in the U.S., amid growing concerns over regulations there and widespread anti-Chinese sentiment.
LG Energy acquires GM's Michigan EV battery plant for $2bn

4 weeks ago | asia.nikkei.com | Pak Yiu

NEW YORK -- LG Energy Solution has fully acquired General Motor's stake in a cell manufacturing plant in Lansing, Michigan, the South Korean battery maker announced Thursday. The 3 trillion won ($2.1 billion) acquisition of Ultium Cells Lansing facility was aimed at maximizing efficiency and enhancing production capabilities in North America, LG Energy Solution said in a statement.