Tag - trade

 
 

TRADE

Shipping containers at Pier J at the Port of Long Beach wait for processing in Long Beach, California.
BUSINESS / Economy
May 25, 2024
USTR extends some Chinese tariff exclusions, but many to fall away
Friday's action means certain goods will maintain exclusions from import tariffs.
Bank of Italy Gov. Fabio Panetta (left), French Finance Minister Bruno Le Maire (center) and Italian Finance Minister Giancarlo Giorgetti pose for a picture at the Group of Seven finance chiefs and central bank governors' meeting in Stresa, Italy, on Friday.
BUSINESS / Economy
May 25, 2024
China fear grips G7 with draft raising alarm at ‘harmful’ trade
A draft communique formulated at the Group of Seven meeting in the lakeside resort of Stresa introduces much stronger language than before.
South Korean leader Yoon Suk-yeol (left), U.S. President Joe Biden (center) and Prime Minister Fumio Kishida walk during the Camp David summit on the outskirts of Washington last August. South Korea and Japan will be going into the summit with China more aligned than before following the Camp David meeting.
JAPAN / Politics / FOCUS
May 24, 2024
At Japan-South Korea-China trilateral summit, a chance to manage tensions
Just holding the summit is an accomplishment amid the considerable issues that divide the three countries.
The captain of a port pilot boat approaches a container ship outside the Port of Los Angeles in Los Angeles.
WORLD / Politics
May 24, 2024
A new trade war offers no easy way back for old global order
Then-U.S. President Donald Trump fired the first shots with tariffs on China seven years ago, then President Joe Biden ushered the U.S. into the new industrial policy age.
Rishi Sunak speaks at a meeting of finance ministers ahead of the 2021 G7 leaders' summit in London on June 4, 2021.
WORLD / Politics
May 22, 2024
G7 finance chiefs seek common line on Russian assets and China
Negotiators have been discussing for weeks how to best exploit some $300 billion worth of seized Russian funds.
Japan swung to a trade deficit of ¥462.5 billion in April due to higher crude oil prices and a weak yen.
BUSINESS / Economy
May 22, 2024
Japan trade deficit shows weak yen is weighing on economy
The trade balance in April registered a ¥462.5 billion deficit, flipping from a ¥387 billion surplus.
Joe Biden’s tariffs on Chinese electric vehicles and other imports are more than symbolic — they are a signal that the U.S. won’t accept a surge of imports that could undermine crucial parts of his administration’s agenda.
COMMENTARY / World
May 21, 2024
The U.S. is preparing for a second 'China shock'
The immediate impact of these tariffs will be small, because the United States currently imports very few of the affected goods from China.
Crude oil tanker NS Creation, owned by Russia's leading tanker group Sovcomflot, transits the Bosphorus shipping strait in Istanbul in May 2022.
WORLD / Politics
May 20, 2024
Virtually every sanctioned Russian oil tanker is idle and empty
Since October, 40 ships involved in Russia’s oil trade have been added to the Treasury’s list of designated entities.
Japan's digital trade deficit in 2023 was up about 2.6 times over nine years since 2014, as smartphones have become ubiquitous tools and the digital services sector is dominated by U.S. information technology giants.
BUSINESS / Economy
May 20, 2024
Japan's digital trade deficit continues to expand
The deficit in Japan's balance of payments in digital services continues to expand steadily.
Subject to the Chinese probes is polyacetal resin, a type of plastic used for automobile parts and other items.
JAPAN
May 19, 2024
China launches anti-dumping probes targeting Japan and others
Subject to the probes is polyacetal resin, a type of plastic used for automobile parts and other items.
Russian President Vladimir Putin and Chinese President Xi Jinping attend an event in Beijing on Thursday. During Putin's visit, the leaders showed off their growing alignment amid efforts to push back against the U.S.-led world order.
WORLD / Politics / ANALYSIS
May 17, 2024
Xi and Putin mark ‘new era’ amid efforts to counter U.S. ‘containment’
The leaders showed off their growing alignment amid efforts to push back against the U.S.-led world order.
U.S. President Joe Biden signs orders that increase tariffs on China during an event at the White House on Tuesday. The escalating trade tensions risk slowing the transition to green technologies by boosting production costs.
EDITORIALS
May 17, 2024
Looming U.S.-China 'trade war' bodes ill for green tech
China has denounced the new U.S. tariffs as bullying and warned of potential retaliation, arguing that they could harm global green economic transition efforts.
Employees work at a shoe factory in Hanoi in 2020.
BUSINESS / Markets
May 16, 2024
As U.S. hikes China tariffs, imports soar from China-reliant Vietnam
The surge in China-Vietnam-U.S. trade has vastly widened trade imbalances.
A liquefied natural gas shipment on the Suez Canal in Ismailia, Egypt
BUSINESS / Economy
May 16, 2024
Red Sea disruptions are splitting global LNG trade into regions
It’s been four months since an LNG tanker has passed through the strait separating the Arabian Peninsula and Africa.
Chinese and U.S. flags flutter outside the building of an American company in Beijing.
WORLD / Politics
May 16, 2024
'What doesn't kill you makes you stronger,' China trolls U.S. tariffs
Chinese state media accused the U.S. of taking action that threatens climate goals and will push up costs for American consumers.
Shipping containers at Pier J at the Port of Long Beach wait for processing in Long Beach, California, in 2018.
BUSINESS / Markets
May 16, 2024
U.S. efforts to reshape global supply chains gathers pace in Asia
Investment flows are shifting along with trade, with global firms investing in Southeast Asia to avoid U.S. tariffs on China.
U.S. President Joe Biden speaks about new actions to protect American workers and businesses from China's "unfair" trade practices, in the Rose Garden of the White House in Washington on Tuesday.
BUSINESS / Economy / ANALYSIS
May 15, 2024
Who’s toughest on China? Biden’s tariff tactic ups ante as election looms.
U.S. president is seen to be trying to "outtrump Trump" to appeal to voters who worry about geopolitical competition or hold anti-China sentiments.
Iran's urban development minister and India's ports and shipping minister signed the contract in the town of Chabahar, in a ceremony broadcast live on state media.
WORLD / Politics
May 15, 2024
India and Iran sign 10-year agreement to develop port project
The contract will see India Ports Global invest $370 million into "providing strategic equipment" and "developing transport infrastructure."
Employees work on a production line at an automotive plant producing electric cars near Ningbo, China. The U.S. is set to announce new tariffs on Chinese electric vehicles and other goods as early as next week, according to people familiar with the matter.
BUSINESS
May 11, 2024
Biden set to hit China EVs and strategic sectors with tariffs
The decision, which could come as early as next week, represents one of Biden’s biggest moves in the economic race with China.
China’s fading appeal to foreign firms comes despite Chinese President Xi Jinping’s pledge in November to take more "heart-warming” measures to ease access to the world’s second-largest economy.
BUSINESS / Companies
May 10, 2024
EU firms’ appetite for China investment sinks to record low
Only 13% of firms surveyed earlier this year saw the country as a top destination for investments, a survey found.

Longform

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