USTR imposes tariffs on Chinese products

USTR imposes tariffs on Chinese products

Following an executive memorandum to the USTR last month, the Trade Representative has released a sizeable list of Chinese-origin products which will incur 25 percent ad valorem duty. As Lexology reports, on 3 April, the USTR released a notice in which it proposes to...
China reduces taxes for chipmakers

China reduces taxes for chipmakers

The country has revealed that it has cut taxes for producers of semiconductors to help support this “pivotal industry”, as Bloomberg reports. This announcement comes “just as U.S. President Donald Trump weighs tariffs on the sector amid rising trade tensions.” In line...
Toshiba to off-load chip business by June

Toshiba to off-load chip business by June

Toshiba Corporation has revealed that it predicts the well-documented sale of its memory chip unit to take place by June “at the latest”, as Reuters reports. “We’ve been making various efforts to close the deal in March,” explained Yasuo Naruke, the head of Toshiba’s...
Apex announces the relocation of its office

Apex announces the relocation of its office

The Chinese supplier has issued a statement explaining that it has now moved to a new location, and apologising to customers for any inconvenience. Apex explained that, while the company has already relocated to the new site, its main telephone, facsimile numbers and...