China says it hopes to agree with U.S. on tariff reductions 'at an early date'
“The talks on reciprocal tariff reductions are a central part of the negotiations on creating the Board of Trade. The goal is to identify and reduce tariffs on equivalent amounts of ‘nonsensitive’ goods on each side, the U.S. said.”
[Associated Press]
Companies left China to dodge tariffs. Now some are heading back
“While there is not yet hard data showing how much sourcing is returning to China, some buyers who shifted production elsewhere said they are keeping or restoring Chinese suppliers because factories abroad struggle to match its skilled labour, supplier networks and reliable power.”
[Thomson Reuters]
China expands legal reach abroad as new rules challenge U.S. sanctions compliance
“New rules covering supply chains, foreign sanctions and overseas investment are creating potential conflicts for multinational companies attempting to comply with U.S. and Chinese law at the same time.”
[USA Herald]
Mexico targets customs undervaluation with strict new reforms
“The primary objective of the proposal is to intensify the government’s crackdown on merchandise undervaluation, enhance tax and tariff collection, and protect domestic manufacturers from unfair competitive conditions. However, trade experts, tax specialists, and business representatives warn that the stricter rules threaten taxpayer rights, risk supply chain bottlenecks, and increase administrative burdens for compliant importers.”
[Mexico Business News]
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