New reports from the World Trade Organization and a Washington think tank showed how robust global trade could quickly be derailed by violence.
Category: International Relations
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China to Penalize European Brandy Imports, Striking Back at Car Tariffs
Beijing’s action came days after European nations moved toward tariffs on electric vehicles from China, and it included a threat to also hit pork and car imports.
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Fears of a Global Oil Shock if the Mideast Crisis Intensifies
The threat of an escalating conflict between Israel and Iran has created an “extraordinarily precarious” global situation, sowing alarm about the potential economic fallout.
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Europe Expected to Approve Higher Tariffs on Electric Cars From China
The European Union is expected to support wielding tariffs on electric vehicles made in China, seeking to prevent unfair competition.
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Why the Conflict Between Iran and Israel Has Raised Oil Prices Only Modestly
The fighting is increasing fears about oil supplies, but those worries are offset by greater global production and slowing demand in China.
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Top Bidder for Citgo Is Elliott Management, Court Master Says
The sale, which requires a judge’s approval, would help compensate foreign companies owed billions of dollars by the government of Venezuela, which owns Citgo.
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Talks Between European Banks May Kick-Start More Cross-Border Deals
Investors are cheering a possible tie-up between UniCredit of Italy and Germany’s Commerzbank, but politics may stand in the way.
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China Is Striking Deals to Cement Its Role as Asia’s Trade Hub
Beijing’s leaders are working with regional neighbors on the country’s western, northern and southern borders to develop new rail and sea links.
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China To ‘Gradually’ Resume Imports of Japanese Seafood
China imposed a ban last year after Japan began releasing treated water from the Fukushima nuclear plant into the sea. They have agreed to expand monitoring of the water.