Tag: shanghai
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Auto Shanghai Highlights New Era of Electric Vehicles Amidst Tariff Challenges
Auto Shanghai, one of the world’s premier auto shows, is currently showcasing the latest advancements in the electric vehicle (EV) sector, despite facing challenges from international tariffs. The event highlights the automotive industry’s shift towards electrification and the growing importance of the Chinese market in the global EV landscape. Automakers from around the globe are…
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Loophole Allows $54 Billion Worth of Products to Enter the U.S. Without Tariffs, Reports WSJ
A recent examination has shed light on a significant loophole in U.S. trade policy allowing approximately $54 billion worth of products to enter the country tariff-free annually. This situation arises from a provision known as the de minimis rule, which exempts international shipments valued at $800 or less from customs duties. Initially designed to ease…
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China’s Shipbuilding Industry Surpasses US, Dominating Global Market and Expanding Military Capabilities
China’s shipbuilding industry has significantly outpaced that of the United States, becoming the dominant force in global shipbuilding. With over half of the world’s commercial shipbuilding output in 2023 coming from China, the country has leveraged its massive shipyards and substantial financial investments to expand its naval capabilities and commercial ship production. This growth has…