International Trade

China has ordered a seven-day lockdown of the area around Foxconn Technology Group’s main plant in Zhengzhou, a move that will severely curtail shipments in and out of the world’s largest iPhone factory.

Washington’s restrictions on US citizens assisting China’s chip industry will be more narrowly enforced than feared, suggesting a smaller-than-expected impact on semiconductor companies doing business in the world’s second largest economy.

U.S. Customs and Border Protection officers working at the Paso Del Norte border crossing in downtown El Paso seized 484 pounds of bologna and 285 pounds of cheese during the early morning hours of Oct. 27. “In both these cases the travelers concealed these commodities and failed to properly declare merchandise acquired abroad to the CBP officer upon arrival and entry,” said CBP El Paso Port Director Ray Provencio.