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Cuts to US ‘fentanyl tariffs’ help Chinese exporters gain on competition

AdvertisementChina exportsEconomyChina EconomyCuts to US ‘fentanyl tariffs’ help Chinese exporters close the gap on competitionAnalysts said the reduction in US tariffs creates space for Chinese producers to gain on Asian competitors – particularly in low-cost goods
Reading Time:3 minutesWhy you can trust SCMP1Alice LiandRalph JenningsPublished: 6:00am, 1 Nov 2025With the US cutting its tariffs on Chinese imports by 10 per cent – halving a duty initially imposed by Washington over allegations of complicity in the fentanyl trade – analysts said the reduction may further strengthen the competitiveness of Chinese exporters, particularly in mass-produced goods.
AdvertisementFollowing a meeting on Thursday between President Xi Jinping and US President Donald Trump in South Korea, the world’s two largest economies reached a consensus on the issue, with the US agreeing to remove half of its 20 per cent in fentanyl-related tariffs on China, effective immediately.
The 90-day pause on tariff inc..

China’s central bank sets onshore yuan fixing at strongest point in nearly 16 months

AdvertisementYuanEconomyChina EconomyChina’s central bank sets onshore yuan fixing at strongest point in nearly 16 monthsAnalysts note how Beijing’s policy goals, such as internationalising China’s currency and curbing overcapacity, are aligning with a firmer exchange rate
Reading Time:2 minutesWhy you can trust SCMPSylvia MaPublished: 2:00pm, 13 Jan 2026China’s central bank strengthened the yuan’s daily fixing for a third consecutive session to a nearly 16-month high, as the currency also held firm in offshore markets despite recent US dollar strength.
On Tuesday, the People’s Bank of China set the yuan’s midpoint rate, also known as the daily fixing rate, at 7.0103 to the US dollar – the strongest showing since the end of September 2024, when the rate was set at 7.0074.
That official midpoint rate, however, was still weaker than that of the offshore yuan, which was trading at around 6.97 to the US dollar as of midday Tuesday – in line with broad market expectations that, while the PB..

Greg Bovino: the face of Trump’s aggressive deportation campaign

AdvertisementUnited StatesWorldUnited States & CanadaGreg Bovino: the face of Trump’s aggressive deportation campaignFrom tossing tear gas to defending fatal shootings, the US Border Patrol chief relishes his high-profile role in Trump’s America
Reading Time:3 minutesWhy you can trust SCMPAgence France-PressePublished: 2:39pm, 26 Jan 2026Updated: 2:40pm, 26 Jan 2026Clad in tactical gear with a helmet and hurling a tear-gas canister at protesters, Border Patrol commander Gregory Bovino has become the public face of US President Donald Trump’s aggressive deportation campaign.
Bovino’s public profile rose further in recent days as he defended violent immigration sweeps in Minneapolis, which culminated Saturday with federal agents fatally shooting 37-year-old ICU nurse Alex Pretti, the second citizen to be killed in the heavily Democratic northern city in several weeks.
The Trump administration swiftly accused Pretti of seeking to harm immigration agents, saying he was in possession of a p..