BYD, which leads China’s electric vehicle sector, is constructing a plant in Hungary while its Chinese rivals expand through joint ventures in Europe.
Category: International Trade and World Market
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U.S. Steel C.E.O. Says Nippon Deal Will Strengthen National Security
David Burritt expressed confidence that the sale of the American manufacturer to a Japanese owner would close “on its merits” despite bipartisan backlash.
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Amazon Sought Tariff Loophole Used by Chinese Rivals. Now Biden Is Closing It.
Under pressure from Chinese competitors, Amazon, Walmart and other U.S. retailers have been exploring ways to avoid tariffs. Could a new Biden administration rule change that?
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Over the Years, He Has Come to Love Watches
Yves Bugmann, president of the Federation of the Swiss Watch Industry, learned about the business as a young man and now has a collection. “All Swiss, of course!”
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For Trump, Tariffs Are the Solution to Almost Any Problem
The former president has proposed using tariffs to fund child care, boost manufacturing, quell immigration and encourage use of the dollar. Economists are skeptical.
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To Reverse Economic Decline, Europe Must Overhaul Its Strategy, Report Says
Europe, facing a shrinking share of the global economy, needs to increase its spending on tech and defense, according to a long-awaited report from Mario Draghi.
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Japan Tries to Reclaim Its Clout as a Global Tech Leader
Japanese chip companies are tapping billions of dollars and collaborating with foreign firms as part of new government policies that look outward.
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The Big Number: 100 Percent
The Canadian government will impose a new tariff on electric vehicles made in China, further escalating trade tensions between Western countries and China.
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What Across-the-Board Tariffs Could Mean for the Global Economy
Donald J. Trump, the Republican presidential nominee, has floated the idea of a 10 percent tariff on all U.S. imports, a plan that economists say could badly damage trade.
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Canada Will Impose 100% Tariffs on Chinese Electric Vehicles
The new tariffs announced by Prime Minister Justin Trudeau will match levies imposed by President Biden and could further strain relations between Canada and China.
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What Canada’s Rail Shutdown Could Mean for U.S. Supply Chains
Rail labor disruptions in Canada tend to be brief, but a prolonged stoppage could hurt farmers, automakers and other businesses.