China seized mines and built factories. Japan took note and invested in Australia. But the United States did little despite concerns about control of supplies.
Category: Embargoes and Sanctions
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China Halts Critical Rare Earth Exports as Trade War Intensifies
Beijing has suspended exports of certain rare earth minerals and magnets that are crucial for the world’s car, semiconductor and aerospace industries.
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Trump’s Threatened Tariff on Buyers of Venezuelan Oil Could Squeeze China
Venezuela owes China’s banks about $10 billion, and its oil is about the only legal way it has to pay them back.
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Trump Threatens Tariffs Against Countries That Buy Venezuelan Oil
The president threatened to wield tariffs like financial sanctions, saying that countries that buy Venezuelan oil would see tariffs put on their exports to the United States.
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China Backs Iran in Nuclear Talks, Slams ‘Threat of Force’ From the West
Beijing sought to position itself as a key player in negotiations with Iran over its nuclear program, as President Trump called for talks with Tehran.
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Oil Prices Drop Amid Concerns Over Trump’s Tariffs and OPEC Increases
The international benchmark fell to its lowest point since 2021 after a decision by Saudi Arabia and other producers to pump more crude surprised the markets.
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Corporate America Is Not Raring to Return to Russia if Trump Lifts Sanctions
The White House promised “incredible opportunities” if Moscow ended the war in Ukraine. But Russia’s economy is struggling and the business environment is unpredictable.
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Russia Is Wooing Western Energy Companies, but Will They Return?
Industry experts say Western companies will need to weigh potential access to oil and gas riches against political risks and other hazards of doing business in Russia.
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Why the Price of Gold Keeps Going Up
The precious metal, considered a haven asset, is usually sought out by investors during times of turmoil.
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Is Russia Open for Business — and at What Cost?
Investors seem open to the prospect of peace talks, but Western companies face a dilemma just three years after many retreated from the country.
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Facing a Flurry of U.S. Sanctions, China Prepares to Hit Back
With days until Donald Trump is sworn in, China is bracing for a trade war, aiming at industries as diverse as semiconductors, apparel and industrial plastic.
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Trump Treasury Pick Scott Bessent to Face Grilling
Scott Bessent, President-elect Donald J. Trump’s choice to be Treasury secretary, will be in charge of steering the president’s economic agenda if confirmed by the Senate.