Category: International Trade and World Market

E.U. Takes Aim at China in Proposed Economic Strategy

A European Commission plan seeks to ban companies from sending sensitive high-tech goods to potentially hostile countries — without naming any names.
China’s Economic Rebound Hits a Wall, With ‘No Quick Fix’ to Revive It

Policymakers and investors expected China’s economy to rev up again after Beijing abruptly dropped Covid precautions, but recent data shows alarming signs of a slowdown.
Why What We Thought About the Global Economy Is No Longer True

While the world’s eyes were on the pandemic, the war in Ukraine and China, the paths to prosperity and shared interests have grown murkier.
Bipartisan Bills Would Change a 100-Year-Old Trade Law

Critics say the law gives an unfair advantage to e-commerce companies from other countries, including some where forced labor is an issue.
West Coast Dockworkers Reach Contract Deal With Port Operators

After a year of prolonged negotiations that have led to delays and declines in cargo, the two sides agreed to a new contract with help from the Biden administration.
TikTok, Shein and Other Companies Distance Themselves From China

Companies are moving headquarters and factories outside the country and cleaving off their Chinese businesses. It’s not clear the strategy will work.
Yellen Says Bid to Decouple From China Would Be ‘Disastrous’

The Treasury secretary, speaking to a House committee, said trade and investment were crucial in U.S.-Chinese relations.
Energy Tax Credits, Meant to Help U.S. Suppliers, May Be Hard to Get

The Inflation Reduction Act contains tax breaks for solar and wind companies to buy American equipment. Qualifying won’t be easy.
Russia and Saudi Arabia’s Oil Partnership Shows Strain

Analysts said the countries’ mutual need to keep energy prices high would help them maintain close ties, despite signs that Moscow has undercut previous deals.
World Bank Projects Weak Global Growth Amid Rising Interest Rates

A new report projects that economic growth will slow this year and remain weak in 2024.
For Turkey, Erdogan Victory Brings More Risky Economic Policy

The Turkish lira has hit a new low, and analysts see few improvements ahead as re-elected President Erdogan pursues unconventional economic policies.
Biden Officials Announce Indo-Pacific Trade Deal, Clashing With Industry Groups

The United States announced a deal to coordinate supply chains with allies, but prominent business groups said the deal fell short on reducing tariffs and other trade barriers.