Nikkei Asia reported that iRobot, the iconic robot vacuum cleaning maker, has cut ties with its Hong Kong manufacturing partner to diversify product assembly out of China. The move is a result of the U.S.-China trade war, which has made it more expensive for some U.S. companies to make products in China because of new tariffs implemented during the Trump administration. The report comes...
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TikTok CEO Goes to Washington With a Ragtag Band of Allies
TikTok is one of the most popular entertainment services in the U.S., used monthly by nearly half of the population. Yet as the app battles for its life, it has remarkably few allies to provide support. Even those that directly benefit from TikTok, such as music labels and creators, have mixed feelings about TikTok, largely because they say it doesn’t pay its partners enough. That’s...
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