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US trade court to Trump administration: speed up tariff refunds

The US Court of International Trade is pressing the Trump administration to speed up tariff refunds of billions of dollars to thousands of importers, following a partial roll-out after the US Supreme Court struck down its global tariffs in February. “The time has come to refund all the duties,” said Judge Richard Eaton on Tuesday, adding that the delay is leading to a “growing inequity” between big importers and small businesses. The judge did not issue any new order but noted that the...

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Trump’s China thaw faces resistance from Congress and his own administration

On a state visit to China last month, US President Donald Trump shocked his political base with a series of rhetorical concessions. In an interview, he warmly endorsed Chinese students studying in America, supported China-linked acquisition of US farmland, and dismissed concerns over state espionage as a routine, two-way reality. It was not the first time Trump’s softer stance on China clashed with his own administration’s hardline approach. Even before the summit, he repeatedly suggested...

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Tilt towards Beijing? Xi and Kim vow to ‘open new chapter’ in ties

China and North Korea have pledged to strengthen strategic cooperation and defend each other’s sovereignty, according to a North Korean state media report covering Chinese President Xi Jinping’s two-day visit to Pyongyang. The two leaders vowed to “open a new chapter” in bilateral ties and expand exchanges and cooperation in political, economic, cultural and other fields, the official Korean Central News Agency reported on Tuesday. It quoted North Korean leader Kim Jong-un as saying that...

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