A reduction in refineries has already driven the price of diesel to record highs, threatening economies. An U.S. export ban would be “tremendous shock and blow.”
Category: International Trade and World Market
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Trump’s Threat to Ban Diesel Exports Sets Off Global Alarms
The New York Times – Business: -
Oil Is Flowing From the Persian Gulf, but Prices Remain High. Why?
The New York Times – Business:Crude oil costs close to $100 a barrel because traders are worried hostilities could soon restart and the world is burning through its emergency stockpiles.
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How Middle East Oil Exports Started Recovering
The New York Times – Business:Our business reporter Peter Eavis describes how oil exports from the Middle East have rebounded this month, getting closer to the levels seen before the Iran war.
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Trump Dangles Alaska Gas Project as Part of Korean Investment Package
The New York Times – Business:The long-delayed project, which the developer has not yet formally greenlit, would deliver Alaskan gas to Asian markets but take several years to construct.
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Trump’s New Tariffs Face a Familiar Court Challenge
The New York Times – Business:For the third time in less than two years, the Trump administration is set to return to court on Wednesday to defend its power to wage a punishing global trade war.
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Trump’s New Tariffs Face a Familiar Court Challenge
The New York Times – Business:For the third time in less than two years, the Trump administration is set to return to court on Wednesday to defend its power to wage a punishing global trade war.
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Two of China’s EV Makers Announce a Deal as Auto Industry Moves Toward Consolidation
The New York Times – Business:Two of the country’s leading makers of electric vehicles announced they are merging their battery swapping and charging operations.
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China and the U.S. Pledge to Cut Tariffs on $60 Billion in Goods
The New York Times – Business:The two countries unveiled separate lists covering thousands of products as they seek to ease trade tensions and stabilize relations ahead of further negotiations.
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Trump’s Tariffs Push Canadian Companies to Look Past American Links
The New York Times – Business:Shaken by tariffs and threats from the Trump administration, Canadian businesses are seeking markets and suppliers beyond the United States.
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China’s Truce With Trump Buys It Valuable Time
The New York Times – Business:Easing tensions with Washington gives Beijing room to tackle economic troubles at home while reducing its vulnerability to American pressure.
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Trump, Xi and the Tech Moguls
The New York Times – Business:The state visit by Xi Jinping, China’s top leader, so far has been long on pomp but short on substance on issues like artificial intelligence.