Latest news with #exportlicences
BBC News
4 days ago
- Business
- BBC News
Business Matters Trump extends China tariff deadline
President Donald Trump has signed an executive order extending tariffs on China for another 90 days. Chip giants Nvidia and AMD have agreed to pay the US government 15% of Chinese revenues as part of an "unprecedented" deal to secure export licences to China. And remember that distinctive sound of dialling in via the internet in the early days of connecting? Well. It's days are numbered….Yahoo has announced that it will discontinue AOL Dial-up Internet on September 30th. Throughout the programme, Rahul Tandon will be joined by two guests on opposite sides of the world - Jennifer Pak who is China Correspondent for American Public Media, based in Shanghai; and Allie Garfinkle, Senior finance reporter at Fortune who's in the US.
BBC News
4 days ago
- Business
- BBC News
World Business Report US-China tariff deadline extended by 90 days
President Donald Trump has signed an executive order extending tariffs on China for another 90 days. Chip giants Nvidia and AMD have agreed to pay the US government 15% of Chinese revenues as part of an "unprecedented" deal to secure export licences to China. And remember that distinctive sound of dialling in via the internet in the early days of connecting? Well. It's days are numbered….Yahoo has announced that it will discontinue AOL Dial-up Internet on September 30th.
The Independent
30-06-2025
- Politics
- The Independent
Rights group loses legal bid to stop government exporting jet parts to Israel
A High Court challenge brought by a Palestinian human rights organisation against the UK government's decision to continue exporting fighter jet components to Israel has been unsuccessful. Al-Haq had taken legal action against the Department for Business and Trade (DBT) over its continued licensing of components for F-35 fighter jets. During a hearing in May, the organisation argued that the decision was unlawful and "gives rise to a significant risk of facilitating crime" amid the ongoing conflict in Gaza. The ruling comes despite the government's move in September last year to suspend export licences for weapons and military equipment, following a review of Israel's compliance with international humanitarian law in the conflict. However, an exemption was made for certain licences related to parts for F-35s, which are designated as part of an international defence programme. The DBT defended the challenge, with its barristers telling a four-day hearing in London that the carve-out is 'consistent with the rules of international law'. In a 72-page ruling on Monday Lord Justice Males and Mrs Justice Steyn laid out their decision. They said the case was about a 'much more focused issue' than the carve-out itself. The judges continued: 'That issue is whether it is open to the court to rule that the UK must withdraw from a specific multilateral defence collaboration which is reasonably regarded by the responsible ministers as vital to the defence of the UK and to international peace and security, because of the prospect that some UK manufactured components will or may ultimately be supplied to Israel, and may be used in the commission of a serious violation of international humanitarian law in the conflict in Gaza. 'Under our constitution that acutely sensitive and political issue is a matter for the executive which is democratically accountable to Parliament and ultimately to the electorate, not for the courts.'
South China Morning Post
26-06-2025
- Business
- South China Morning Post
China has begun issuing rare earth export licences to European firms, EU sources say
China has started issuing export licences for rare earth elements and magnets to European companies, EU sources confirmed, although the bloc continues to push for a structural solution to a situation that has jumped to the top of the bilateral agenda. Advertisement European governments and companies have for weeks been lobbying Chinese authorities to ease export restrictions, which were introduced in response to US President Donald Trump 's 'reciprocal tariffs' in April. Earlier on Thursday, China's commerce ministry said it had been 'accelerating approval of rare earth export licences' for EU firms in 'accordance with the law'. 'China stands ready to further enhance communication with relevant countries on export controls, actively facilitating convenient and compliant trade flows,' said ministry spokesman He Yadong. EU sources stopped short of saying that there was a 'green channel' open – a term used by Beijing – but stated they have observed the ministry granting licences. Workers dig at a rare earth mine in central China's Jiangxi province. Photo: Chinatopix via AP
Free Malaysia Today
12-06-2025
- Business
- Free Malaysia Today
China says approved ‘certain number' of rare earth export licences
China began requiring export licences in early April, a move widely viewed as a response to blistering tariffs imposed by US President Donald Trump. (AFP pic) BEIJING : China said today it had issued a 'certain number' of licences to export rare earths after US President Donald Trump hailed this week's deal that would see the country provide the vital elements 'up front'. The economic superpowers said after talks in London that they had achieved progress in dialling down a brutal trade war that has roiled markets and threatened global supply chain chaos. A top priority for Washington has been ensuring supply of the rare earths essential for products including electric vehicles, hard drives and national defence equipment. China, which dominates global production of the elements, began requiring export licences in early April, a move widely viewed as a response to blistering tariffs imposed by Trump. The US president said today on social media that 'full magnets, and any necessary rare earths, will be supplied, up front, by China' as part of the deal, which was now 'done' – pending final approval by him and Chinese counterpart Xi Jinping. The commerce ministry in Beijing said today that 'China, as a responsible major country, fully takes into account the legitimate needs and concerns of all countries in the civilian sector' related to rare earths. 'It reviews export licence applications for rare earth-related items in accordance with laws and regulations,' spokesman He Yadong told a news conference, adding that a 'certain number of compliant applications have already been approved'. However, he declined to provide a specific number when asked how many licences had been approved by Beijing since talks between the two sides in Switzerland last month. 'We will continue to strengthen the approval process for compliant applications,' he added.
