Responding to Trump, China Plans New Tariffs on U.S. Goods

Responding to Trump, China Plans New Tariffs on U.S. Goods Photo Chinese border police officers watching the arrival of a container ship at a port in Qingdao in Shandong Province. On Friday, China said it planned to impose tariffs on a wide range of American products. Credit Chinatopix, via Associated Press BEIJING — China announced Friday that it planned to impose tariffs on $3 billion worth of American-produced fruit, pork, wine, seamless steel pipes and more than 100 other goods, hitting back at the United States hours after President Trump proposed tariffs on about $60 billion worth of Chinese-made products.
The Chinese Ministry of Commerce issued the threat in an online statement that said its proposed measures retaliated against the Trump administration’s earlier decision to impose tariffs on Chinese steel and aluminum. The timing, though, also appeared to be a warning shot against Mr. Trump’s latest action on the trade front, on Thursday, when he took specific aim at a much wide..

H&M, a Fashion Giant, Has a Problem: $4.3 Billion in Unsold Clothes

Supported by Business Day H&M, a Fashion Giant, Has a Problem: $4.3 Billion in Unsold Clothes Photo The fashion retailer H&M reported poor earnings on Tuesday, and is sitting on a huge pile of unsold clothes. Credit Horacio Villalobos/Corbis, via Getty Images In the world of fashion retailing, where shopping is fast moving online and stores try to keep inventories closely matched to sales, even a small stack of unsold clothes can be a bad sign.
What about a $4.3 billion pile of shirts, dresses and accessories? That is the problem facing H&M, the Swedish fashion retailer, which is struggling with a mounting stack of unsold inventory.
H&M outlined the buildup in its latest quarterly report on Tuesday, prompting questions of whether the company is able to adapt to the fierce competition and changing consumer demands reshaping the global apparel market.
Signs of its expanding unsold inventory began emerging last year, when it reported an unexpected quarterly drop in sales. The decline..

Nickelodeon Parts Ways With Its Biggest Hitmaker

Supported by Media Nickelodeon Parts Ways With Its Biggest Hitmaker Photo Dan Schneider, center, a former child actor, produced hit shows including “iCarly,” “Kenan & Kel” and “Henry Danger” for Nickelodeon. Credit Jeff Kravitz/FilmMagic Dan Schneider, the prolific producer who has been Nickelodeon’s most reliable hitmaker for the last two decades, is parting ways with the cable channel.
Mr. Schneider, a former child actor who appeared in the TV series “Head of the Class” and the comedy film “Better Off Dead,” produced hit shows like “iCarly,” “Drake & Josh,” and “Kenan & Kel” for Nickelodeon.
Once described as the “Norman Lear of children’s television” by The New York Times, Mr. Schneider and his production company Schneider’s Bakery are also responsible for the network’s current biggest hit, “Henry Danger.” However, one of Mr. Schneider’s shows, “Game Shakers,” was recently canceled.
“Following many conversations together about next directions and future opportunities, Nickelode..

North and South Korean Officials Meet at Border to Discuss Summit Meeting

North and South Korean Officials Meet at Border to Discuss Summit Meeting Photo Cho Myoung-gyon, South Korea’s unification minister, crossed the demarcation line into North Korea at Panmunjom to meet with negotiators from Pyongyang on Thursday. Credit Pool photo/EPA, via Shutterstock SEOUL, South Korea — Senior negotiators from North and South Korea met on their countries’ border on Thursday to prepare for the summit meeting planned for late April between Kim Jong-un, the North’s leader, and President Moon Jae-in of the South.
The negotiators at Panmunjom, the so-called truce village that straddles the border, were expected to decide on a date for the meeting, and to discuss the agenda and various details.
Mr. Kim accepted Mr. Moon’s offer of a meeting early this month, part of a flurry of diplomacy around Pyongyang’s nuclear program that began with the North’s participation last month in the Winter Olympics in Pyeongchang, South Korea.
Mr. Kim also offered to meet directly with Presid..