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On March 7th, Japanese Economy, Trade and Industry Minister Ryosuke Akazawa stated on Friday that he hopes the United States will not impose tariffs higher than those agreed upon last year, as Japan and the United States prepare for their leaders meeting later this month. Following approximately two hours of talks in Washington with U.S. Commerce Secretary Rutnick, Akazawa said they also discussed the next round of joint business projects and cooperation in strategically important areas such as energy, critical minerals, and artificial intelligence. With Japanese Prime Minister Sanae Takaichi scheduled to meet with U.S. President Trump at the White House on March 19th, Akazawa indicated that the two countries will continue to work closely to ensure a "fruitful" visit for Takaichi. Akazawas meeting with Rutnick comes approximately two weeks after the U.S. Supreme Court rejected Trumps comprehensive global tariffs.Market news: Iranian drones flew toward Israel.Market news: Iran launched a ballistic missile at Israel.On March 7th, Minister of Culture and Tourism Sun Yeli announced at a meeting that during the nine-day Spring Festival holiday this year, domestic tourist trips reached 596 million, with spending exceeding 800 billion yuan, setting a new historical record. By 2025, domestic tourist trips are projected to exceed 6.5 billion, a year-on-year increase of over 16%, with spending reaching 6.3 trillion yuan, a year-on-year increase of 9.5%, also setting a new historical record.March 7th - Minister of Human Resources and Social Security Wang Xiaoping stated: Employment is a family matter, but even more so a national matter. This year marks the start of the 15th Five-Year Plan, and the Government Work Report has clearly defined the expected goals for employment development and made new arrangements for promoting high-quality and full employment. We will thoroughly implement the employment-first strategy, fulfill the "four stabilities" requirements, strengthen guidance, expand channels, and protect key areas, continuously promoting new progress in high-quality and full employment.

Foxconn's CEO Will Visit A COVID-19-affected IPhone Factory in China - Source

Aria Thomas

Feb 21, 2023 11:24

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Foxconn Chairman Liu Young-way departed Tuesday for a four-day inspection of the company's iPhone manufacturing facility in Zhengzhou, China, according to a source with firsthand knowledge of the situation.


This will be Liu's first visit to the world's largest Apple (NASDAQ:AAPL) iPhone factory in his capacity as chairman. According to a source, his primary objectives will be to examine conditions following the resumption of production and to engage in substantial dialogue.


Once known as Hon Hai Precision Industries Co., Foxconn declined to comment. The source refused to reveal their identity because they were not authorized to speak to the media.


The iPhone plant of the Taiwanese corporation was struck by a COVID-19 outbreak late last year, which caused thousands of worker departures, unrest, and production difficulties.


In January, Foxconn reported that production at its Zhengzhou facility had "returned to normal."