Biden's trade nominee Katherine Tai vows to end 'race to the bottom'
At her Senate confirmation hearing to become U.S. trade representative, Tai called for a revamp of global trade rules to eliminate what she called "gray areas" exploited by China.
Supply chain review reflects new national security mentality
National security strictly defined should drive government action, not a desire to protect domestic companies.
Northern Ireland is the first test of the post-Brexit order
Trade deals, like peace agreements, aren’t worth the paper they’re printed on without good faith vested in their implementation. Just weeks after the Brexit trade agreement entered into force, intentions over the part of the deal that applies to Northern Ireland have been called into ...
Biden eyes executive order on new U.S. and allied supply chain strategy
Any order would be part of a larger effort by the Biden team to determine how dependent the U.S. economy and military are on certain key Chinese exports.
The speech represents China’s most high-profile comment on ties since U.S. President Joe Biden and China’s Xi Jinping spoke by phone earlier this month.
Japan's exports grow at faster pace in January on China demand
Exports in the reporting month rose 6.4% from a year earlier to ¥5.78 trillion, up for the second straight month.
China eyes rare earth export curbs for U.S. defense, report says
China is exploring whether it can hurt U.S. defense contractors by limiting supplies of rare-earth minerals that are critical to the industry, the Financial Times reported. Industry executives said government officials had asked them how badly companies in the U.S. and Europe would be affected ...
U.K. firms find Brexit reality involves more red tape and less control
With the country now out of the European Union, companies that trade with the continent are contending with expensive disruptions to their businesses.
Fifteen-hour Brexit wait prompts freight firms to avoid U.K.
While Britain and the European Union agreed not to impose tariffs on goods, so-called non-tariff barriers are nevertheless creating obstacles for business.
Nigerian woman poised to lead WTO after South Korean rival withdraws
Nigeria's Ngozi Okonjo-Iweala to become the first African and first woman to lead the body after a South Korean rival withdrew.
Japan ranked as seventh-biggest country for U.S. trade deficit in 2020
The U.S. deficit was down 19.9% from 2019, when Japan was the third-biggest deficit generator for Washington.
