The European Commission allowed carmakers to volunteer limits on their imports from China instead of paying tariffs, an arrangement that could help Volkswagen.
Category: International Trade and World Market
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Volkswagen Suffers More Than Rivals From Auto Industry Woes
The German automaker’s sales in the United States plunged last year, hit by tariffs and the end of tax credits for electric vehicles.
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Trump’s $100 Billion Venezuela Oil Plan Gets a Cool Reception
President Trump met with oil and gas executives on Friday in an effort to push them to invest money in Venezuela, a plan many of them are reluctant to embrace.
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Trump Is Making a Power Play in Latin America. China Is Already There.
China built a dominant strategic position in the region as the leading lender and trading partner. It is watching President Trump’s next moves closely.
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European Union Agrees to Landmark Free-Trade Deal With South America
The agreement with Argentina, Brazil, Paraguay and Uruguay represents a push for deeper global cooperation, in contrast to the United States turning to coercion in its dealings with other countries.
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Nicolai Tangen Manages Trillions of Dollars, but His Podcast Made Him Famous
Nicolai Tangen wanted to raise the profile of Norway’s $2.1 trillion oil fund and change corporate behavior, but he may have helped embroil it in a geopolitical tangle.
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U.S. Trade Deficit Fell to Lowest Level Since 2009, Latest Data Show
The monthly trade deficit continued to shrink in October after President Trump imposed sweeping tariffs on foreign imports.
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China Touts Hainan, Its Duty-Free Island, Amid $1 Trillion Trade Surplus
Policies meant to lure importers to Hainan, a resort island off China’s coast, signal an opening up, Beijing says. One expert calls it a “bait and switch.”
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New Car Sales Are Rising Thanks to Purchases by the Well-Off
A larger proportion of new cars are being bought by affluent Americans as prices and interest rates for auto loans climb, analysts said.