The Trump administration is determined to impose tariffs on China “regardless” of any progress it makes on stopping fentanyl from flowing into the U.S., a Chinese Foreign Affairs Ministry spokesperson said Feb. 5 during a regular press conference in Beijing. The U.S. is “bent on levying a 10 percent additional tariff on Chinese imports under the pretext of the fentanyl issue,” the person said, adding that Beijing “firmly deplores and opposes this move and has taken necessary measures to defend its legitimate rights and interests.”
Taiwan is setting up task forces and a consultation hotline to assist Taiwanese companies overseas that may be affected by new tariffs imposed by President Donald Trump, Taiwan’s Ministry of Economic Affairs announced Feb. 4. The task forces will be set up in the U.S., Canada, Mexico, Southeast Asia and South Asia to “provide real-time support” to Taiwanese businesses.
The European Commission is pushing for new import fees and customs controls on certain low-value e-commerce imports that it said are unsafe, counterfeit or don’t meet other EU product standards. The controls could target products from online marketplaces such as AliExpess, Amazon, Shein and Temu, the commission said, adding that those companies could be liable for the sale of unsafe products on their platforms.
Moments after President Donald Trump’s 10% tariffs on all Chinese products took effect Feb. 4 (see 2502030034), China announced new tariffs and export controls against the U.S. and added two American companies to its so-called unreliable entity list, including one that it accused of adopting “discriminatory measures” when sourcing products from China's Xinjiang region.
European Parliament members this week probed the EU’s new trade commissioner about how he’s handling President Donald Trump’s tariff threats, with some members calling on the EU to prepare for retaliation.
A lawyer for Shein submitted a letter to the U.K. Parliament denying its U.S.-bound products contain any Chinese cotton. The letter, sent Jan. 20 after several British lawmakers in a hearing earlier this month expressed concern about forced labor in the company's supply chains, said that the company complies with the laws and regulations of the countries in which it sells.
World Trade Organization Director-General Ngozi Okonjo-Iweala asked members of the international trade community at the World Economic Forum to stop "hyperventilating" about proposed tariffs from the Trump administration while warning that tariffs won't bring about the desired effects.
Foreign workers from Bangladesh are preparing to sue Sony and Panasonic in U.S. court over forced labor conditions at their former employer in Malaysia, Kawaguchi Manufacturing, a plastics supplier for the two companies.
U.K. lawmakers at a hearing held Jan. 7 described a Shein lawyer's immediate refusal to answer questions about cotton sourcing in the company's supply chains as "bordering on contempt."
China’s Foreign Ministry objected to a recent Bureau of Industry and Security rule that requested public comments on possible import restrictions for Chinese-made drones (see 2501020037), saying any new measures could further disrupt the two countries’ trade relations.