The European Union said that the deal could roughly halve Chinese shipments over four years. But it also could lead to an even stronger Chinese auto industry.
Category: International Trade and World Market
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China and Europe Agree to Deal to Limit Chinese Exports of Hybrid Cars
The New York Times – Business: -
Global Trade Proved More Resilient Than Expected This Year, W.T.O. Says
The New York Times – Business:The World Trade Organization said that the drag on global trade from the war in the Middle East was more than offset by spending on A.I.-related goods.
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Europe’s Trade Tensions With China Are Coming to a Head
The New York Times – Business:The European Union is weighing tougher trade measures as negotiators prepare to meet Chinese officials in Beijing, with surging exports from China pressuring key industries in Europe.
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China’s ‘Self-Reliance’ Drive Is Upending Trade With Europe
The New York Times – Business:China’s push to manufacture more at home has widened its trade imbalance with Europe, intensifying pressure on European industries and policymakers to take action.
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Porsche, Facing Falling Profits, Plans to Cut 25% of Its Work Force
The New York Times – Business:The German sports car maker once thrived in China and powered profits for its parent company, Volkswagen. Now it hopes to do more with less.
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Porsche’s New Look: Pricier Cars and 25% Fewer Employees
The New York Times – Business:The German sports car maker once thrived in China and powered profits for its parent company, Volkswagen. Now it hopes to do more with less.
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How Trump’s Tariff War With Canada Ensnared the Can-Am Spyder
The New York Times – Business:The Can-Am Spyder has a devoted fan base across the United States. Now it’s a casualty in the trade war with Canada.
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U.S. Trade Deficit Widens in August
The New York Times – Business:New data from the Commerce Department showed that imports grew in the month, despite the Trump administration’s efforts to limit foreign products.
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The Hidden Policies That Power China’s Export Boom
The New York Times – Business:Huge tax breaks and a weak currency sustain exports, widen the government budget deficit and complicate the country’s efforts to rebalance its economy.
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Geography Is Back With a Vengeance
The New York Times – Business:Trade blockages in the Persian Gulf have reminded the world that there are forces as great as or greater than technology and globalization.
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America Wants to Make More Generic Drugs. India Shows Why That’s Hard.
The New York Times – Business:Cheap labor and global supply chains are among the obstacles to President Trump’s plan to bring generic drug manufacturing back home.
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China Resumes Curbs on Fuel Exports, Tightening Global Energy Markets
The New York Times – Business:China has started limiting exports of refined products again as its own inventories of crude oil and refined products have dwindled.