Category: International Trade and World Market

European Sanctions Target Russian Liquefied Natural Gas for First Time

The European Union will impose economic penalties targeting some shipments of Russian natural gas, hoping to deprive Moscow of income.
Facing E.V. Tariffs, China Threatens Pork Imports From Europe

Acting quickly after the European Union imposed extra tariffs of up to 38 percent on China’s electric cars, Beijing opened a trade case on Europe’s pork.
China’s Lust for Durian Is Creating Fortunes in Southeast Asia

Demand for the fruit, known for its rich taste and intense smell, has reshaped parts of Southeast Asia, where it has long been a staple.
U.S. Expands Sanctions on Russia as G7 Leaders Gather

The Biden administration is taking new measures aimed at stopping China from helping the Kremlin sustain its war effort against Ukraine. U.S. officials hope European nations will take similar steps.
E.U. Hits Electric Vehicles From China With Higher Tariffs

Leaders in Brussels are trying to curb China’s dominance in the industry, but European automakers fear the taxes will drive up prices and lead to a trade war.
World Bank Sees Rosier Growth Outlook

But rising trade barriers pose a long-term threat to global output as protectionist policies spread, the bank said.
China’s Exports Surge as Trade Tensions Near Boiling Point

China’s trade surplus soared, helping to lift the country’s economy even as consumer spending slows because of a sharp housing contraction.
U.S. Adds Tariffs to Shield Struggling Solar Industry

American solar manufacturers are pushing for further protections for their new factories against cheaply priced imports from China.
Europe Has Fallen Behind the U.S. and China. Can It Catch Up?

A “competitiveness crisis” is raising alarms for officials and business leaders in the European Union, where investment, income and productivity are lagging.
Abnormally Dry Canada Taps U.S. Energy, Reversing Usual Flow

Lower-than-normal rain and snow have reduced Canada’s hydropower production, raising worries in the industry about the effects of climate change.
The Floating Traffic Jam That Freaked Us All Out

The coronavirus pandemic schooled the world in the essential role of global supply chains. Have we learned anything from it?
Greece Is Betting Big on Liquefied Natural Gas From the U.S.

Even as it pivots to solar and wind for itself, Greece aims to become a natural gas supplier across Europe. Among its strongest backers is the United States.