Shein swings to $99m loss as Trump tariffs hit sales

The announcement comes as the fast fashion giant prepares for its stock market debut in Hong Kong.

In Washington, Netanyahu Faces a Delicate Balancing Act

Prime Minister Benjamin Netanyahu of Israel is set to meet President Trump on Tuesday, with one eye on Iran and another on the coming elections back home.

By Isabel Kershner

Innolight Is Said Set to Price Hong Kong Listing Below Maximum

Zhongji Innolight Co. is telling prospective investors it is on track to price its HK$53.4 billion ($6.8 billion) Hong Kong listing below the maximum, according to people familiar with the matter, as the company moves closer to sealing the city’s biggest first-time share sale in seven years.

By Dave Sebastian and Julia Fioretti

Shein slumps to loss ahead of planned Hong Kong listing

US and EU trade tensions hit fast-fashion retailer’s profits

Republicans have ‘nothing to run on’ in midterms after Trump failures, Jeffries says

Top House Democrat says US president ‘failed to deliver’ on campaign promises to lower costs and avoid overseas wars Donald Trump’s Republican party has “nothing to run on” for the congressional midterm elections after the president broke promises to lower costs and avoid starting war overseas, Hakeem Jeffries has said. The House minority leader, a New York congressman, made those comments on CNN’s State of the Union on Sunday, exactly 100 days from the 3 November midterms, when Jeffries and ...

By Ramon Antonio Vargas

Toy company CEO shares how Trump's new round of tariffs could affect business

NPR's Leila Fadel speaks with Jay Foreman of toy importer Basic Fun! about President Trump's latest round of tariffs. The company has paid millions of dollars in import duties under Trump.

By Leila Fadel

Why Trump's new tariff blitz is very different this time round

President Trump on Friday launched a fresh round of tariffs targeting 60 trading partners, including the European Union, China, and the U.K.

China condemns US over new Section 301 tariffs – but holds off on retaliation

China’s Ministry of Commerce has objected to Washington’s latest tariff on the country’s goods but signalled it will hold off on retaliation for now, noting the 12.5 per cent duty keeps the United States within the ceiling that the Trump administration promised in earlier talks. Washington was manipulating the issue of forced labour, the ministry said in a statement on Monday, calling the Section 301 investigation and the subsequent tariffs “a textbook act of unilateralism and protectionism”....

By Xiaofei Xu

Historic U.S.-Canada bridge opens under shadow of Trump’s new tariffs

Traffic is set to start flowing across a new bridge over the Detroit River that will serve as a critical route for trade, jobs and tourism between Canada and the U.S. Last week, Canada celebrated the Gordie Howe International Bridge with a ribbon-cutting ceremony in Windsor, Ontario, to mark the completion of the multibillion-dollar, multiyear project

By Paul Farrell

Shein Q1 2026 loss: U.S. tariff impact before Hong Kong IPO

What Trump’s tinkering around with water at the Canadian border could be about

Rollback of a Boundary Waters mining moratorium raises questions about whether Trump's pressure campaign could extend to water agreements

By Tracy Moran

Why Korea faces another US tariff fight

South Korea is stepping up negotiations with Washington to prevent another rise in US tariffs as the Trump administration increasingly turns to Section 301 of the Trade Act to pursue targeted trade action. The US last week finalized tariffs of up to 12.5 percent on goods from Korea and dozens of other economies over their controls on imports made with forced labor. Seoul is also subject to a separate investigation into structural overcapacity that could lead to additional duties. Korean trade ex

By The Korea Herald

How Trump Is Using Trade Law To Impose New Tariffs On Over 60 Countries

US levied tariffs on countries that had failed "to impose and effectively enforce a prohibition on the importation of goods produced with forced labor."

Honda and Nissan to jointly develop next-generation car operating system

Functionality such as autonomous driving an be added or improved in software-defined vehicles through software updates, making the operating system a core technology.

Innolight said to price Hong Kong IPO below maximum, Bloomberg News reports

Hong Kong judge who committed serial plagiarism to take early retirement at chief justice’s request

A High Court judge will retire early this week after he was found to have committed plagiarism in his judgements at least five times over the past three years. High Court Judge Wilson Chan tendered his retirement at the request of Chief Justice Andrew Cheung. It will come into effect on Friday, the judiciary said […]

By Hans Tse

Shein swings to $99m loss as Trump tariffs hit sales

Shein says it swung to a quarterly loss as its sales slowed after US President Donald Trump removed an import duty exemption on small packages.

By Abubakar Ibrahim