Category: International Trade and World Market

Russian Oil Flows Through Western ‘Price Cap’ as Shadow Fleet Grows

A report shows how Russia has largely evaded sanctions aimed at limiting its revenue from oil sales.
Global Trade Grows but Remains Vulnerable to War and Geopolitics

New reports from the World Trade Organization and a Washington think tank showed how robust global trade could quickly be derailed by violence.
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.
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.
Port Strike’s End Is an Economic Relief to Savannah, Ga.

The Georgia city is a picturesque tourist destination. It’s also the No. 2 ocean cargo hub on the East Coast, and the dock strike’s quick end was a relief.
How an Israeli Strike on Iran’s Oil Sector Would Impact China

China has strategic reserves and alternatives like electric cars, should oil imports ever be interrupted.
Europe Votes to Impose Higher Tariffs on Electric Cars From China

European Union officials say the duties are meant to protect the region’s automakers from what they say are unfair trade practices in China.
For Companies in China, Pulling Out of Xinjiang Poses ‘Messy Dilemma’

Beijing’s investigation of the parent of Calvin Klein and Tommy Hilfiger, which stopped buying goods from Xinjiang, has put global firms in a difficult position.
U.S. Faces Economic Turbulence Just as Recession Fears Eased

War in the Middle East, the port workers strike and a devastating hurricane have injected uncertainty into the U.S. economy.
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.
World Braces for Bigger Trade Wars if Trump Wins

Business owners and foreign governments are preparing for high tariffs and trade disruptions, depending on the outcome of the election.
Dockworkers’ Strike Halts Commerce at Newark Port, Affecting the Supply Chain Ecosystem

The strike by longshoremen has halted commerce at Newark and other ports on the East and Gulf Coasts, affecting an ecosystem of supply-chain workers.