In Foshan, southern China, many factories are quiet where workers should be assembling high-end air fryers for the US market.
Derek Wang, a factory owner, says his American customers stopped production when tariffs, which reached 145%, were imposed under Donald Trump's "Liberation Day" policies.
Wang tried to stay positive for his 40 workers, but the tariffs hit hard. "I tried to keep smiling through my anxiety," he said. But after a recent deal to ease the trade war, Wang says his US clients have started reaching out again.
Although tariffs are still in place, with 30% on Chinese goods going to the US and a 10% tax from China on US goods, the new agreement gives factories some relief. Wang’s clients are now willing to pay for the tariffs, although they asked for lower costs.
However, many factories in China are still struggling. In Shunde, the “home appliances capital,” some US-linked factories have stopped hiring or shut down parts of their production lines. Workers, after long shifts, spend their free time in parks, enjoying activities like basketball and line dancing.
Even with the tariff relief, China’s manufacturing sector continues to face challenges.
Iranian President Masoud Pezeshkian has called for greater economic cooperation among Muslim countries, saying their combined economic weight remai...
Indonesia deployed thousands of security personnel around parliament and other major cities on Thursday as students returned to the streets, one ye...
Kremlin Spokesperson Dmitry Peskov has dismissed media reports that CIA Director John Ratcliffe visited Moscow ear...
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Rescuers in Nepal used helicopters on Thursday to scour for hundreds still missing after a wall of mud and rock collapsed into a river on the Himalayan border with China's Tibet, sending catastrophic floods through towns and valleys, killing 162 people.
Secretary of State Marco Rubio told allied foreign ministers Washington will focus on sanctions and other pressure on Iran “for the time being”, Axios reports. Meanwhile, Iran and Oman have resumed talks on a temporary shipping route through the Strait of Hormuz.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Iranian President Masoud Pezeshkian has called for greater economic cooperation among Muslim countries, saying their combined economic weight remains disproportionately small compared with their population, strategic location and resources.
Indonesia deployed thousands of security personnel around parliament and other major cities on Thursday as students returned to the streets, one year after nationwide anti-government protests left 10 people dead.
Kremlin Spokesperson Dmitry Peskov has dismissed media reports that CIA Director John Ratcliffe visited Moscow earlier this week to warn Russia against attacking NATO, dismissing them as "scare stories," which had nothing to do with reality.
Thousands of Russians are hunting for apartments in Tbilisi and Yerevan - not because of a mobilisation order that's been signed, but because of one many fear is coming.
Poland has asked the European Commission to impose a €250 million ($291.3 million) fine on Meta, accusing the technology company of failing to adequately tackle fraudulent advertisements on its platforms.
Ratko Mladić, the former Bosnian Serb military commander convicted of genocide for his role in the 1995 Srebrenica massacre, has died, according to a United Nations official.
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