Suriname, a tiny nation ravaged by recession, inflation and impossible debts, saw its relief held up by superpower politics. It won’t be the only country.
Category: International Trade and World Market
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Congress Spotlights Forced Labor Concerns With Chinese Shopping Sites Shein and Temu
A congressional investigation into Temu and Shein offered new insight into services that are delivering a deluge of cheap and little-regulated products.
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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.
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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.
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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.
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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.
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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.
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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.
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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.