Category: International Trade and World Market

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.
Gasoline Prices, a Source of Pain Last Year, Have Come Way Down

Reasons include a stronger supply of oil and weaker-than-expected demand, energy experts say. Some people are saving hundreds of dollars on fuel.
What Would Happen if the U.S. Defaulted on Its Debt

Investors, executives and economists are preparing contingency plans as they consider the turmoil that would result from a default in the $24 trillion U.S. Treasury market.
Biden Vetoes Legislation That Would Reinstate Tariffs on Some Solar Panels

President Biden announced a two-year pause on the tariffs last year after importers complained that the penalties would threaten broader adoption of solar energy in the United States.
U.S.-Made Technology Is Flowing to Sanctioned Russian Airlines

Russian customs data shows that millions of dollars of aircraft parts made by Boeing, Airbus and others were sent to Russia last year despite sanctions.
Why Some Countries Find It Hard to Move Away From Fossil Fuels

Trinidad and Tobago is the No. 2 exporter of liquefied natural gas in the Americas. Its output has been falling, but it remains committed to fossil fuels.
U.S. Solar Makers Criticize Biden’s Tax Credits as Too Lax on China

U.S.-based manufacturers of solar products say rules issued by the Biden administration on Friday will “cement China’s dominance” over the solar industry
Luxury Imports to Russia Take a Detour Around Sanctions — Through Dubai

More than a year into Vladimir Putin’s invasion, the web of global trade has adjusted to Western sanctions, with a network of middlemen sending cars, electronics and more to Russia.
‘Rip and Replace’: The Tech Cold War Is Upending Wireless Carriers

As China and the United States jockey for tech primacy, wireless carriers in dozens of states are tearing out Chinese equipment. That has turned into a costly, difficult process.
In Norway, the Electric Vehicle Future Has Already Arrived

About 80 percent of new cars sold in Norway are battery-powered. As a result, the air is cleaner, the streets are quieter and the grid hasn’t collapsed. But problems with unreliable chargers persist.
Congress Clashes With Biden Over Tariffs on Illegal Chinese Solar Panels

In a rebuke to the Biden administration, the Senate approved a measure to reinstate tariffs on solar panels found to violate U.S. trade rules.