China imposed tariffs on some U.S. imports in response to new tariffs President Donald Trump put on Chinese goods beginning shortly after midnight on Tuesday.
Importers have suspended the import of fruit through Benapole land port for an indefinite period protesting the government's decision to impose additional import duties. No fruit-carrying trucks have ...
One reason governments use tariffs is to protect domestic industries. However, tariffs can have downsides, including reducing the purchasing power of consumers.
GigaCloud Technology's shares fell due to the 10% tariff on Chinese imports, but less than 20% of its overall revenue is affected. Learn more about GCT stock here.