Latest news with #unfairtrade
Reuters
7 days ago
- Business
- Reuters
EU, Japan to work more closely to address unfair trade, says EU's von der Leyen says
July 23 (Reuters) - The European Union and Japan will work more closely to counter economic coercion and address unfair trade practices, European Commission President Ursula von der Leyen told reporters on Wednesday. Von der Leyen's comments came after an EU-Japan summit with Japanese Prime Minister Shigeru Ishiba as the EU struggles to conclude a trade deal with the United States and a day before potentially tough meetings with Chinese leaders. Von der Leyen said the EU and Japan would seek to strengthen economic security. "We will also work more closely together to counter economic coercion and to address unfair trade practices," she said, adding later: "We believe in global competitiveness and it should benefit everyone."
New York Times
15-07-2025
- Business
- New York Times
Trump Administration Initiates Trade Investigation of Brazil
The Trump administration initiated a trade investigation of Brazil on Tuesday, an action President Trump threatened last week as he criticized the country's unfair trade practices and 'witch hunt' against his political ally, former President Jair Bolsonaro. The investigation will seek to determine whether certain policies and actions by the Brazilian government are unreasonable or have hurt U.S. businesses, the Office of the United States Trade Representative said in an announcement. The actions under investigation include the tariffs Brazil levies on American products, the country's digital trade policies, the access it provides to its ethanol market and 'anti-corruption interference,' among others, it said. Mr. Trump said in a letter last week that he planned to impose a 50 percent tariff on all Brazilian imports, one of dozens of letters that he posted threatening steep tariffs that go into effect Aug. 1. But unlike other letters, the missive to Brazil complained about the country's policies that discriminate against American tech companies and lambasted Brazil for its treatment of Mr. Bolsonaro, who is facing trial for attempting a coup. In the letter, which was posted on social media, Mr. Trump said that the way Brazil had treated Mr. Bolsonaro was 'an international disgrace,' and that the new tariffs would take effect on Aug. 1. He also promised to initiate the trade investigation. Jamieson Greer, the U.S. trade representative, said Tuesday that he was beginning the investigation 'into Brazil's attacks on American social media companies as well as other unfair trading practices that harm American companies, workers, farmers and technology innovators.' By targeting Brazil, Mr. Trump nonetheless has touched off a renewed debate about the extent of his tariff powers. The president has claimed vast authority to issue steep levies even without the express approval of Congress, as he looks to combat the nation's trade deficit, address security concerns and, at times, meddle in another country's politics. Want all of The Times? Subscribe.
Japan Times
16-06-2025
- Business
- Japan Times
Supermarket operator Lopia probed over unfair trade
The Fair Trade Commission has conducted on-site inspections of the headquarters of supermarket operator Lopia and related locations on suspicion of unfair trade practices involving suppliers, informed sources said Monday. According to the sources, Lopia had its suppliers dispatch workers to its stores to perform tasks related to product displays, sales support and product restocking without compensation on the occasion of store openings and refurbishment from at least 2022. Suppliers are believed to have suffered disadvantages that exceeded the benefits of opportunities to promote their own products because they often had to display other companies' products as well. Given their relations with Lopia, suppliers had little choice but to accede to the company's request. As such, Lopia is being investigated for abusing its dominant position, an offense under the antimonopoly law. Lopia, based in Kawasaki, Kanagawa Prefecture, has opened some 50 stores across the country since September 2022 and plans to open more. The rapid growth boosted its workload, which it may have been passed on to suppliers. According to its website and other information, Lopia operates 118 stores in 19 prefectures, as well as seven stores in Taiwan. Its overall sales reached about ¥320 billion ($2.2 billion) in the year ended February 2024.
Malay Mail
04-06-2025
- Business
- Malay Mail
HairFun admits to unfair trade practices in Singapore; elderly customers pressured into expensive treatments
SINGAPORE, June 4 — Hair salon chain HairFun has admitted to using unfair trade practices targeting elderly customers and has agreed to cease such conduct, refund affected individuals, and implement consumer protection measures, authorities said. The Competition and Consumer Commission of Singapore (CCCS) launched investigations into HairFun following complaints received by the Consumers Association of Singapore (CASE) about aggressive and misleading sales tactics, according to a report published in Channel News Asia today. Unannounced visits to three HairFun outlets in October 2024 revealed that from May 2023 to July 2024, the salons lured elderly customers with offers of low-cost haircuts, then pressured them into paying for expensive treatment packages they did not request. In one case, an elderly man visited the Ang Mo Kio outlet for an S$8 (RM26) haircut but was falsely told he had scalp haemorrhaging. He was then charged nearly S$1,000 for a hair wash and 10-session treatment package he had not consented to. The customer only discovered the deception after a doctor confirmed there was nothing wrong with his scalp. CCCS also found that the same salons previously operated under the name Scissor & Comb, against which similar complaints were lodged between 2018 and 2022. HairFun Beauty Pte Ltd, HairFun Pte Ltd, and their directors, Roland Teo Jian Hao and Chiong Hong Hioh, have admitted to the unfair practices and committed to ceasing such actions. They also agreed to a five-day cooling-off period for package purchases and have cooperated with CASE to refund nearly all affected consumers, amounting to about S$12,500. CCCS chief executive Mr Alvin Koh stressed the importance of protecting elderly consumers and urged businesses to ensure clarity and consent in all transactions. CASE president Melvin Yong welcomed the outcome and said the organisation will continue working with CCCS to hold unethical businesses accountable.
CNA
04-06-2025
- Business
- CNA
Salon chain HairFun admits to unfair practices targeting elderly customers
SINGAPORE: Hair salons operating under the HairFun brand have admitted to engaging in unfair trade practices targeting elderly consumers, and have agreed to refund affected customers and stop such conduct, Singapore's consumer watchdog said on Wednesday (Jun 4). The Competition and Consumer Commission of Singapore (CCCS) launched investigations after the Consumers Association of Singapore (CASE) received complaints about the sales tactics by HairFun employees. After conducting unannounced visits at three HairFun outlets in October 2024, CCCS said that it found that Hairfun Beauty Pte Ltd and Hairfun Pte Ltd, between May 2023 and July 2024, had targeted elderly consumers by offering free or low-cost haircuts ranging from S$4 (US$3) to S$10. CCCS also found through its investigations that the HairFun companies had misled elderly customers about the necessity of treatment packages and charged them expensive services and packages that they had not asked for. In one instance, an elderly customer visited a HairFun outlet in Ang Mo Kio for an S$8 haircut. A HairFun employee then showed the customer images on a monitor, claiming the images showed "haemorrhaging on the elderly consumer's scalp" despite no device having been used to scan the customer's head. Without the customer's consent, the employee proceeded to use a powder to wash the customer's hair. When the customer wanted to make the payment, the employee hid the payment amount and told the customer to enter their PIN into the payment device. The customer was charged nearly S$1,000 and told that he had a hair wash and a 10-session hair treatment package, both of which he had not consented to purchasing. CCCS said the customer only discovered he had been misled after consulting a doctor who confirmed that his head and scalp were normal and showed no signs of haemorrhaging. "As part of the undertaking given to CCCS, the HairFun companies and their directors, Mr Roland Teo Jian Hao and Mdm Chiong Hong Hioh, have admitted to engaging in unfair trade practices," said CCCS. They have promised to "stop all unfair trade practices, cooperate with CASE to resolve all complaints relating to unfair trade practices and provide a five-day cooling period for customs to cancel and get a refund for any prepaid packages", CCCS added. The hair salon chain has also agreed to refund all affected consumers and has, to date, completed almost all of the refunds. The refunded amount totalled approximately S$12,500. "CCCS is concerned about elderly consumers being targeted and misled by errant businesses to pay for services that they did not agree to purchase," said the Singapore consumer watchdog's CEO, Mr Alvin Koh. "In dealing with vulnerable consumers, which may include the elderly, businesses must exercise extra care and check that they fully understand and agree to what they are buying, including the price, before they complete the sale. "In view of Singapore's ageing population, CCCS will step up our community outreach to better educate and equip our seniors with knowledge so as to better protect them." CCCS advises businesses to recommend and provide goods and services that genuinely meet consumers' needs and should never resort to misleading consumers or using undue pressure sales tactics. Customers should also not feel obliged to pay for goods or services that they did not ask for, CCCS added.
