A law intended to bolster clean energy manufacturing has ignited debate over whether the U.S. should work to break down international trade barriers — or keep them intact to protect American workers.
Category: International Trade and World Market
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Biden’s Reluctant Approach to Free Trade Draws Backlash
The New York Times – Business: -
In Surprise, OPEC Plus Announces Cut in Oil Production
The New York Times – Business:Oil prices soared 7 percent on Sunday night after the group’s move to cut 1.2 million barrels a day.
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In Surprise, OPEC Plus Announces Cut in Oil Production
The New York Times – Business:The move is an apparent effort to boost prices. Still, its significance may be slight, especially if the global economy slows.
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How Ukraine’s Battered Steel Industry Galvanized Its War Effort
The New York Times – Business:The iron- and steel-producing factories of Ukraine’s rust belt have made body armor, helmets and armored plates for vehicles — and steelworkers risked their lives rolling out heavy machinery at the beginning of the war to help physically block the Russian advance.
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After Doling Out Huge Loans, China Is Now Bailing Out Countries
The New York Times – Business:Beijing is emerging as a new heavyweight in providing emergency funds to debt-ridden countries, catching up to the I.M.F. as a lender of last resort.
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Global Economy May Be in a ‘Lost Decade,’ World Bank Warns
The New York Times – Business:Adding to crises like the pandemic, recent stress in the banking system is a new threat to world growth, experts at the organization said.
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The Lure of the ‘Made in America’ Sales Pitch
The New York Times – Business:Geopolitics forced an entrepreneur, Taylor Shupe, to bring jobs back from China. It’s helping sell his meme-inspired socks too.
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Support Grows to Have Russia Pay for Ukraine’s Rebuilding
The New York Times – Business:Although U.S. officials have cautioned against seizing Russia’s reserves in foreign banks, others say it’s “crazy” not to after Moscow’s war of aggression.
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China’s Rise Relied on the West. Xi Jinping Is Turning Away.
The New York Times – Business:The Chinese leader has edged ever closer to Russia, while distancing China from countries that have helped it develop over the past four decades.
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China Wine Tariff Pushes Australia’s Grape Growers Into Crisis
The New York Times – Business:Two years later, they’re suffering from a glut of red wine and plummeting grape prices with no overseas market big enough to fill the gap.