Factories in China are experiencing production slowdowns and worker furloughs due to the U.S.-China trade war, which has led to tariffs of at least 145% on most Chinese goods. With approximately 15% of Chinese exports going to the U.S., many factory owners report canceled or suspended orders, prompting them to halt production for weeks. The Shenzhen Cross-Border E-Commerce Association indicates that anxiety among merchants is rising, with factories cutting overtime and considering layoffs as they seek alternative markets amidst significant pressure from diminished U.S. orders.
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The EU fined Apple and Meta – but failed to really hold them to account. Was that to appease Trump? | Alexander Hurst
The European Commission's recent €700 million fine against tech giants Apple and Meta has been criticized as insufficient, described as merely a "slap on the wrist." Under the Digital Markets Act, designated "gatekeepers" like Apple and Meta face obligations to ensure fair competition; Apple was penalized for restricting developers' ability to bypass its App Store fees, while Meta was fined for coercing users into consenting to data usage or paying to avoid ads. This situation...
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