Pak Yiu
US News Editor at Nikkei Asia
Correspondent at @nikkeiasia covering U.S.-Asia business 📨 [email protected] / DM for Signal
Articles
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1 week ago |
asia.nikkei.com | Pak Yiu
NEW YORK -- Chinese solar companies in the U.S. are in a bind as sweeping legislation backed by President Donald Trump could bar them from receiving tax credits and subsidies that have spurred American solar manufacturing. The 1,000-page "One Big Beautiful Bill Act" has been progressing through Congress, although it is still several steps away from enactment.
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3 weeks ago |
asia.nikkei.com | Pak Yiu
NEW YORK -- The global trade deficit for the U.S. shrank by 46% to $87.4 billion in April as the flow of goods from Asia came to a halt following President Donald Trump's sweeping tariff policies covering nearly all trading partners. The trade deficit in April shrank for nearly all Asian countries, except for Taiwan and Vietnam, where the value of imports was slightly higher than the month before.
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3 weeks 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.
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3 weeks 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.
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1 month 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."
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