Tag: businesses
‘This is so hard’: The Chinese small businesses brought to a standstill by Trump’s tariffs
“Trump is a crazy man,” says Lionel Xu, who is surrounded by his company’s mosquito repellent kits – many were once best sellers in Walmart stores in the United States. Now those products are sitting in boxes in a warehouse in China and will remain there unless President Donald Trump lifts his 145% tariffs on…
As Trump hikes tariffs again, nervous businesses weigh what comes next
US President Donald Trump is ripping up the rulebook on trade that has been in place for more than 50 years. His latest round of sweeping tariffs, which came into force shortly after midnight on Wednesday, hits goods from some of America’s biggest trading partners including China and the European Union with dramatic hikes in…
Emboldened Kremlin Steps Up Efforts to Seize Businesses in Russia
Russia-Ukraine War The legal onslaught on Moscow’s second-largest airport has been seen as part of the Kremlin’s wartime drive to seize control of key assets still in private hands. By Nataliya Vasilyeva Reporting from Istanbul After the fall of Communism, Russia ushered in capitalism by selling off billions of dollars in state assets. Now, 30…
Australia exposed to modern slave labour imports and many businesses ‘ignoring the facts’, commissioner warns
The scale of Australia’s trade with blacklisted companies, revealed in Guardian investigation, prompts anger across the Uyghur community Australia’s new anti-slavery commissioner has called on the government to urgently address the “inadequacy” of its forced labour laws after revelations that it had allowed thousands of imports from Chinese companies blacklisted for their alleged links to…