Amid a tech cold war with China, U.S. companies have pledged nearly $200 billion for chip manufacturing projects since early 2020. But the investments are not a silver bullet.
Category: International Trade and World Market
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U.S. Pours Money Into Chips, but Even Soaring Spending Has Limits
The New York Times – Business: -
U.S. Pours Money Into Chips, but Even Soaring Spending Has Limits
The New York Times – Business:Amid a tech cold war with China, U.S. companies have pledged nearly $200 billion for chip manufacturing projects since early 2020. But the investments are not a silver bullet.
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‘OK, Mexico, Save Me’: After China, This Is Where Globalization May Lead
The New York Times – Business:As American companies seek to limit their exposure to the pitfalls of making goods in China, some are moving production to Mexico.
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US Cracks Down on Chinese Companies for Security Concerns
The New York Times – Business:The Biden administration placed severe restrictions on trade with dozens of Chinese entities, its latest step in a campaign to curtail Beijing’s technology ambitions.
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Turkey Is Strengthening Its Energy Ties With Russia
The New York Times – Business:As Moscow seeks new customers for oil, gas and coal, Ankara is a willing buyer as it promotes plans as a regional trading hub.
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How Will China Turn Its Economy Back On? The World Is About to Find Out.
The New York Times – Business:Strict “zero Covid” curbs have been smothering growth. After easing them, Beijing faces the twin challenges of rising caseloads and wary consumers.
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How Biden’s Climate Push Could Spur a Trade War With Europe
The New York Times – Business:The European Union is crying foul over the Inflation Reduction Act, saying the billions in climate subsidies it offers create a trade imbalance.