Chinese officials called on the U.S. Saturday to reconsider its proposed rule seeking to further restrict American investments into its tech industry, saying the move would disrupt trade relations between the two countries. On Thursday, the Treasury Department proposed a rule expanding existing restrictions in the Outbound Investment Security Program (OISP) on hypersonic systems, quantum…
Online fast-fashion giant Shein has agreed to pay US$100 million to settle a US Federal Trade Commission probe, as the company also faces a wider regulatory and tax crackdown in Europe.
The European Commission's trade chief has outlined plans to rebalance EU-China trade ties ahead of fresh talks with Beijing, as Brussels weighs wider import restrictions and new trade-defence tools in additional sectors.
The White House will ease tariffs on a range of Canadian goods, including certain machinery, from October 30, while raising duties on others such as carpets. The adjustment comes as trade friction between Washington and Ottawa continues ahead of November's midterm elections.