G.M.’s Ailing China Business Will Deal It a $5 Billion Blow
General Motors and other foreign automakers are selling fewer cars and losing lots of money in China, where domestic electric and hybrid cars have taken off.
Posted inChina Embargoes and Sanctions International Trade and World Market Metals and Minerals Rare Earths Supply Chain
China Announces a Ban on Rare Minerals to the U.S.
The move comes a day after the Biden administration expanded curbs on the sale of advanced American technology to China.
Posted inBrazil BRICS Group China Currency Customs (Tariff) Embargoes and Sanctions internal-storyline-no International Relations International Trade and World Market Presidential Election of 2024 Protectionism (Trade) Russia Trump, Donald J US Dollar (Currency)
Will Trump’s Dollar Diplomacy Roil Global Trade?
The President-elect is demanding the so-called BRICS countries pledge fealty to the greenback, or risk a new wave of tariffs.
Posted inArtificial Intelligence Biden, Joseph R Jr China Commerce Department Computer Chips International Relations International Trade and World Market Raimondo, Gina M United States International Relations
Biden Targets China’s Chip Industry With Wider Trade Bans
New rules prohibit the sale of certain types of chips and equipment to China, in an effort to close loopholes and cement the Biden administration’s legacy in countering the U.S. rival.