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China 'Totally Violated' Tariffs Agreement With US, Trump Says

1 week ago | asiafinancial.com | Jim Pollard

US President Donald Trump said early on Friday (US time) that China had violated the agreement it reached on tariffs with US officials in Geneva several weeks ago. “China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr NICE GUY!,” Trump said in a post on his Truth Social platform.
Shipments of US Ethane to China Face Export Licence Uncertainty

1 week ago | asiafinancial.com | Jim Pollard

The Trump Administration created more uncertainty for the shipping industry with its order this week that companies shipping goods to China must seek export licences. Chinese purchases of US ethane, a key petrochemical feedstock, are under a cloud of doubt after the Commerce Department told exporters to seek licences to export to China, according to trade sources and shipping data.
New Curbs Force Chip Design Software Firm to Halt Work in China

1 week ago | asiafinancial.com | Jim Pollard

The semiconductor design software firm Synopsys is one of the latest companies hit by US-China trade tensions. The company has been forced to stop taking new orders because of restrictions just imposed by the Trump Administration. Bosses of the company have told their employees in China to halt services and sales in the country and stop taking new orders to comply with the new export restrictions, according to an internal letter reviewed by Reuters.
Trump's Tariffs Reinstated as Appeals Court Pauses Trade Ruling

1 week ago | asiafinancial.com | Jim Pollard

Trump’s tariffs are back on. A federal appeals court in Washington temporarily reinstated the President’s tariffs on Thursday. That was a sudden turnaround from a US trade court ruling on Wednesday, which said the US leader exceeded his authority by imposing the duties via a law meant to address national emergencies – and blocked them.
US Blocks Chip Design Software, Chemical Shipments to China

1 week ago | asiafinancial.com | Jim Pollard

The Trump Administration has ordered companies to stop shipping certain products to China – such as goods related to computer chips – without a licence, and revoked licences already granted to some suppliers. The new restrictions, which are expected to annoy Beijing, appear aimed at choke points to prevent China from getting products necessary for key sectors, one of three sources who spoke to Reuters said.
US Court Ruling Against Trump Tariffs Seen as Temporary Setback

1 week ago | asiafinancial.com | Jim Pollard

News that a US trade court blocked most of President Donald Trump’s trade tariffs in a major ruling on Wednesday may only be a temporary setback for the White House. That is the opinion of analysts at Golden Sachs, who said his trade goals can probably be achieved via other levies. A three-judge panel of the Court of International Trade found the president overstepped his authority by imposing across-the-board duties on imports from US trading partners.
China College Vows Unconditional Offers to Take Harvard Students

1 week ago | asiafinancial.com | Jim Pollard

A college in Hong Kong has vowed to make “unconditional offers” for international students at Harvard after the Trump Administration revoked the top university’s ability to enrol them. Hong Kong University of Science and Technology (HKUST) said it would “ensure a smooth transition” for students who may not be able to enrol at Harvard for the next school year.
Huge China Chemical Plant Explosion Leaves 5 Dead, 6 Missing

1 week ago | asiafinancial.com | Jim Pollard

A massive explosion at a chemical plant in eastern China devastated the facility, sending chemicals and shockwaves into homes at least a kilometre away, local media said. Local residents near the now half-destroyed plant in Shandong province were assessing and repairing damage to their homes on Wednesday from the still unexplained blast that killed at least five, and injured 19 others, while six more people are still missing.
Shein Dumps London IPO, 'Now Eyeing Hong Kong Listing'

1 week ago | asiafinancial.com | Jim Pollard

Online fast fashion giant Shein has dumped its plan for an initial public offering (IPO) in London and now plans to list in Hong Kong. The company changed its plan after failing to win support for its UK listing from regulators in China, sources have told Reuters. The company, which was founded in China, is now working towards a listing in Hong Kong, three sources with knowledge of the matter said.
Danes Probe 'Unexplained' Parts Found in Solar Systems

1 week ago | asiafinancial.com | Jim Pollard

SolarPower Europe says the recent discovery of unexplained parts in Danish energy equipment is “highly concerning” and shows an urgent need for stronger EU solar cybersecurity rules, a new report says.