Lates News

On April 2, President Trump showcased the signed executive order on so-called "equal tariffs" at the White House. Starting from May 2, the United States officially revoked the tax exemption policy for small parcels from China. The tariff baton has been swinging for a month, affecting all aspects of American daily life from hair products to clothing, shoes to medicine, with no discrimination. Tosten Slok, Chief Economist at Apollo Global Management, stated that the tariff policy will result in empty store shelves in a few weeks, and consumers and businesses that use Chinese products will face shortages. (CCTV Finance)