China’s leaders plot pivot back toward boosting economy
The Chinese government is shifting back to growth mode, as a rapid deterioration in economic conditions prompts alarmed officials to turn more of their focus to development after years of criticizing cadres who gave priority to growth at the expense of social stability and fiscal prudence.
Biden admin pushes back against WTO rejection of Trump's tariffs on steel, aluminum
The WTO's rejection of former President Trump's tariffs on imports of aluminum and steel has prompted pushback from the Biden administration and the U.S. steel industry.
US, EU agree to intensify talks on 'green subsidies' dispute
The Inflation Reduction Act has riled European and Asian partners, who worry it violates principles of free trade agreed to under the World Trade Organization
Biden signs bill forcing rail unions to accept agreement, averting crippling strike
President Biden on Friday signed bipartisan legislation approved by Congress to prevent a railroad strike that could have crippled the U.S. economy.
IMF official tells China to drop 'zero-COVID' strategy to save its economy
China needs to "recalibrate" its zero-COVID approach if it wants to keep the world's second largest economy on track as the Yuan plummets and a recession looms warned an IMF official.
China anti-virus curbs spur fears of global economic impact
China is the world’s biggest trader and the top market for its Asian neighbors. Restrictions that hamper activity at Chinese ports can disrupt global trade.
Auto makers shift to lower-cost batteries for electric vehicles
To reduce price of electric cars, caused by supply-chain snarls, soaring demand, and inflation, EV makers are switching to lithium-iron-phosphate batteries.
Taiwan talks trade with US, Britain as China tensions loom over Biden-Xi meeting
Taiwan's trade talks with the U.S. and Britain sparked anger in the Chinese government.
Biden, Xi's first face-to-face unlikely to have 'meaningful' impact on economic issues facing world: experts
Chinese President Xi Jinping has not left his country's COVID-19 bubble since the pandemic started, making his G-20 summit appearance a prime opportunity for discussions.
Asian economic chief says region needs 'investment,' not 'tensions' from US, China ahead of Biden visit
Dr. Kao Kim Hourn, ASEAN Secretary-General-elect, has urged the U.S. and China to work towards strong partnerships instead of making the region the focus for geopolitical rivalry.
Gap says Russia deliveries stopped in March. But its clothing kept coming
The Gap shipments included everything from "knitted children’s socks" and "children’s pajamas" to "textile blouses for women" and "textile shorts for men."
Mississippi River drought hits record level, revives supply chain concerns: report
Severe heat in the summer has created a nationwide drought, which has dried up 1,200 wells in California and a number of major rivers that feed into the Mississippi River.
Brazil’s economy minister warns world of stagflation and ‘very rough times ahead’
Brazil Economy Minister Paulo Guedes learned from Milton Friedman at the Chicago School and implemented his policies under President Jair Bolsonaro's administration.
US businesses propose hiding trade data used to trace abuse
Commercial Customs Operations Committee, an advisory panel to U.S. Customs and Border Patrol, are recommending ways to streamline international trade.
What is 'FDPR' and why is the US using it to cripple China's tech sector?
The FDPR, or foreign direct product rule, allows the U.S. to decide who can buy products made with American technology even if those products are made abroad.
WTO warns 'darkened' trade outlook could worsen as economic crises converge
Global trade is expected to grind to a halt next year as a result of a convergence of economic crises including spiking energy prices and higher interest rates.
US electric-vehicle tax breaks rile Asian, European allies
Providing tax breaks only to US manufactured goods likely violates the World Trad Organization (WTO) rules and is alienating US trade partners and US allies.
World Bank cuts China growth forecast as COVID-19, real-estate crunch take toll
The World Bank expects developing economies in East Asia to grow faster than China, because of it's zero-COVID policies, for the first time since 1990.
EU hits US for Inflation Reduction Act electric vehicle tax credit requiring final assembly in North America
The European Union is criticizing the Inflation Reduction Act's tax credit for electric vehicles that requires final assembly to take place in North America.
Mazda moves away from Chinese suppliers, attempts to bolster domestic production
Japanese car manufacturer Mazda is attempting to build supply line infrastructure outside of China after COVID-19 lockdowns deeply disrupted their manufacturing process.