Panama will allow 112 migrants deported from the US to move about freely in the country
Panama announced Friday that it will allow 112 migrants deported from the United States who have been held in a remote camp in the Darien region since last month to move about the country freely until they decide on their next course of action. Panama's Security Minister Frank Ábrego said the migrants — from a number of mostly Asian nations — would be granted temporary humanitarian passes as documents.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
33 minutes ago
- Yahoo
How Chinese imports are skirting Trump's tariffs
There's a huge drop underway in Chinese imports entering the US — from China. But Chinese goods are arriving anyway, via other Asian nations such as Vietnam, Thailand, and Indonesia. That may be good news for shoppers, because it means cheap Chinese goods are still making it to US stores despite the higher costs imposed by President Trump's new import taxes. But shifting trade patterns will surely get Trump's attention, and the tariff-happy president could easily put a stop to it by raising import taxes on what are turning out to be loophole countries. Trump's aggressive tariff regime is meant to make most imported products more expensive to encourage more domestic production. But Trump's uneven approach has created opportunities for a kind of trade arbitrage that was all but inevitable. As things stand now, Trump has imposed new import taxes of 30% on most goods from China but only 10% on imports from most other nations. That 20% differential is a big advantage for the less-tariffed countries. Sure enough, trade data shows that Chinese exporters are almost certainly "transshipping" goods to the US by passing them through neighboring countries. Chinese data shows that exports to the US dropped 35% in May compared with a year earlier. But during the same period, Chinese exports to six other Asian nations jumped 15%, including a 22% increase in exports to Vietnam and Thailand, a 12% jump in exports to Singapore, and an 11% rise in shipments to Indonesia. "[China's] direct exports to the US are down sharply, but its exports to all kinds of places across Asia are up massively," economist Robin Brooks of the Brookings Institution posted on social media on June 9. "These are obviously transshipments to the US via third countries."The US Department of Commerce hasn't yet published trade data for May, but data for April shows the mirror image of the Chinese data. Imports from China fell 20% from 2024 levels, while there was a 48% jump in Vietnamese imports, a 32% jump in shipments from Thailand, and a 16% increase in goods from Malaysia. Trade experts have been predicting this shift since Trump began imposing new import taxes in February, because it's the same thing that happened during the trade wars Trump waged during his first presidential term. Vietnam, in particular, was a big beneficiary of Trump's tariffs on Chinese imports in 2018 and 2019. While imports from China fell by 11% from 2017 to 2019, imports from Vietnam boomed by 43%. Read more: What Trump's tariffs mean for the economy and your wallet Since Trump's first trade war, many Asian producers and their US customers have carefully diversified so they're not overdependent on China. The US now imports less clothing from China, as one example, and more from Bangladesh, Indonesia, Pakistan, and India. Transshipment can mean that some products are fully assembled in China and simply make a brief stopover in another country before heading to the US so that their country of origin isn't China. Governments tend to discourage that, however, because those countries gain little from merely serving as a way station for Chinese products headed to the US. Plus, it may attract unwanted attention from Trump. Chinese companies are also increasingly building their own production facilities outside of China. "There are two ways to transship," Jason Judd, executive director of the Global Labor Institute at Cornell University, told Yahoo Finance. "In one, you're just cheating. In the other, you disassemble your product in China and send the inputs and the know-how to a new place." In Cambodia, for example, most of the companies making goods that go to the US have Chinese ownership. Trump's "reciprocal" tariffs — on ice for the moment — are meant, in part, to target countries that are way stations for Chinese products. When Trump announced those nation-by-nation tariffs on April 2, Asian trade partners other than China got hit with some of the highest rates. The new tariff on Chinese imports was 34%. For Cambodia, the new tariff rate was 49%. Vietnam: 46%. Thailand: 36%. Indonesia: 32%. Malaysia: 24%. Those rates weren't based specifically on transshipment of Chinese products but on the size of the trade deficit in goods each country has with the US. The larger the deficit, the higher the tariff. Read more: 5 ways to tariff-proof your finances Trump suspended those tariffs on April 9, following a week of mayhem in financial markets. That eventually left the tariff rates at 30% on most imports from China and 10% on most imports from every other country. But Trump said the reciprocal tariffs could go back into effect if nations don't make trade deals with him one by one by a July 9 deadline. By then, a boom in imports from Asian nations other than China will give Trump plenty of justification for more reciprocal tariffs. But he may choose to overlook it. Trump seems to have a much bigger trade beef with China than he does with other nations. His advisers are also telling him that high tariffs across the board could mean shocking price increases on clothing, electronics, appliances, and many other things just as Americans start their back-to-school shopping this summer. After that will come a Christmas season possibly starring Trump as the Grinch. So Trump might end up talking tough on China and looking the other way as the country's products enter the side door. That would make stealthy Chinese imports an unintended innovation triggered by Trump's trade war. Rick Newman is a senior columnist for Yahoo Finance. Follow him on Bluesky and X: @rickjnewman. Click here for political news related to business and money policies that will shape tomorrow's stock prices.
Yahoo
3 hours ago
- Yahoo
China's vice president visits Spain as mutual courtship blossoms
MADRID (Reuters) -China's Vice President Han Zheng arrived in Spain on Tuesday for a four-day trip during which he will meet with King Felipe and Prime Minister Pedro Sanchez, a further sign of increasingly close economic and political ties. Han's visit is taking place two months after Sanchez visited Beijing for the third time in as many years. There, he sought to woo China's President Xi Jinping as global trade reels from U.S. President Donald Trump's tariffs policy. The Socialist premier has been vying to position Madrid as an interlocutor between China and the European Union, as well as to attract more Chinese investment in advanced technology such as batteries, electric vehicles and hydrogen. Last year, auto maker Stellantis and Chinese battery maker CATL announced plans to build one of Europe's largest EV battery factories in Spain. However, not all is idyllic in Spain's relations with China. Beijing's anti-dumping inquiry into EU pork launched last year in retaliation for Brussels' tariffs on Chinese EVs hit Spain, a top exporter, hard. Sanchez's last visit to China, however, clinched expanded access for Spanish exports of pork stomach - a product widely consumed in China but not previously authorised. Han will meet with Sanchez on Wednesday morning in Madrid, Sanchez's office said, while King Felipe will receive the Chinese official on Thursday, according to the royal household's agenda. The Spanish monarch is also scheduled to visit China later this year to commemorate the signing of a strategic partnership 20 years ago. After his meetings with Sanchez and Spain's king, Han is set to travel to Seville to meet Andalusia's regional leader, Juan Manuel Moreno, who last year secured over 2.5 billion euros ($2.86 billion) of Chinese investments in the southern Spanish region. According to projections by tourism lobby Turespana, the number of visitors to Spain from China is expected to surge by 36% this summer compared to last year, making Spain the European destination with the biggest growth in tourists from the Asian nation. ($1 = 0.8749 euros)
Yahoo
3 hours ago
- Yahoo
French Senate adopts bill to regulate fast fashion
The French Senate on Tuesday adopted a bill to regulate the fast fashion industry by sanctioning companies and banning advertisements. The bill is targeted at Chinese-founded e-commerce giant Shein, which has a reputation for selling lower quality clothes at a very low price. Easy to order and to replace, fast fashion items are exported to France on a large scale, causing pollution and saturating markets. The bill, which had been adopted by the lower house, the National Assembly, in March 2024, was passed by the Senate on Tuesday afternoon, with 337 votes for and only one against. The vote is not the final legislative hurdle: a joint committee of senators and lower house deputies is expected to meet from September to produce a joint text, prior to the final adoption of the law. Before final adoption, the European Commission also has to be notified, to ensure the bill complies with EU law. The bill "is a major step in the fight against the economic and environmental impact of fast fashion, and a strong signal sent to businesses and to consumers," said the minister for ecological transition, Agnes Pannier-Runacher, after the vote's results were announced. The text plans to "reduce the environmental impact of the textile industry", said Anne-Cecile Violland, the centre-right member of parliament who proposed the bill. Fast fashion is a growing market in France, and between 2010 and 2023 the value of advertised products in the sector grew from 2.3 billion euros to 3.2 billion euros. Around 48 clothing items per person are released into the French market each year, and 35 are thrown away every second in the country, according to the state environmental agency Ademe. - 'Triple threat' - Pannier-Runacher has called fast fashion a "triple threat" that promoted overconsumption, caused ecological damage and threatened French clothing businesses. The Senate, dominated by the right, modified the bill to target "ultra" fast fashion companies, such as Asian websites Shein or Temu. The Senate's amendments plan to leave out French and European brands that may be affected by the bill, such as Zara, H&M and Kiabi. The fashion giants will still be obliged to notify their customers about the environmental impact of their products, according to the new bill. "I have no intention of making French brands that contribute to our country's economic vitality pay a single euro,' said rapporteur Sylvie Valente Le Hir, member of the right-wing The Republicans party. The bill will impose stricter sanctions on fast fashion companies by scoring their "environmental communication". This "eco-score" will affect all fast fashion companies, Pannier-Runacher said. Those with the lowest scores will be taxed by the government up to five euros per product in 2025 and up to 10 euros by 2030. This tax cannot go beyond 50 percent of the price of the original product. - Ad ban - The bill would impose sanctions on influencers who promote such products and ban fast fashion advertisements. The regulation of the fast fashion industry will only succeed with a "collective effort", and not by targeting "a single actor," Shein spokesperson Quentin Ruffat told RTL radio on Monday. According to Ruffat, the law would "impact the purchasing power" of French people. On Monday, France's Textiles Industry Union called the bill as "a first step" and hoped for its "rapid adoption... even if the text does not entirely fit our expectations". ama-dfa-ola-mct/ekf/rmb
