The US Postal Service (USPS) has stopped accepting parcels from China and Hong Kong, citing undisclosed reasons. The move follows new tariffs imposed by the US, ending the de minimis tax exemption ...
US President Donald Trump’s new China tariffs, effective Tuesday, also target Hong Kong products, the US government has said. On Saturday, President Trump announced an additional 10 per cent levy on ...
One reason governments use tariffs is to protect domestic industries. However, tariffs can have downsides, including reducing the purchasing power of consumers.