Tag: International Trade and World Market

What China Is Saying About the TikTok Furor in Washington

This is not the first time that China has seen a frenzy over TikTok consume Washington. In 2020, former President Donald J. Trump issued an executive order that would have forced TikTok’s Chinese owners to sell the popular app. But Beijing foiled a takeover bid by American buyers by slapping curbs on technology exports. Last […]

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Ukraine, Stalled on the Battlefield, Strikes Russia’s Oil Industry

With its army short of ammunition and troops to break the deadlock on the battlefield, Ukraine has increasingly taken the fight behind Russian lines, attacking warships, railways and airfields in an attempt to diminish Moscow’s military operations. Most recently, that campaign has focused on oil infrastructure, hitting refineries deep in Russian territory and driving home […]

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Can Europe Save Forests Without Killing Jobs in Malaysia?

The European Union’s upcoming ban on imports linked to deforestation has been hailed as a “gold standard” in climate policy: a meaningful step to protect the world’s forests, which help remove planet-killing greenhouse gases from the atmosphere. The law requires traders to trace the origins of a head-spinning variety of products — beef to books, […]

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Can Europe Save Forests Without Killing Jobs in Malaysia?

The European Union’s upcoming ban on imports linked to deforestation has been hailed as a “gold standard” in climate policy: a meaningful step to protect the world’s forests, which help remove planet-killing greenhouse gases from the atmosphere. The law requires traders to trace the origins of a head-spinning variety of products — beef to books, […]

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Malaysia Rises as Crucial Link in Chip Supply Chain

Construction cranes still surround the brand-spanking new plant in Kulim’s industrial park in Malaysia. But inside, legions of workers hired by the Austrian tech giant AT&S are already gearing up to produce at full capacity by year’s end. Outfitted in head-to-toe coveralls, with oversized safety glasses and hard hats, they’re reminiscent of the worker bees […]

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Russia Pivots South for Trade Following Western European Sanctions

For centuries, trade with Europe was the main pillar of Russia’s economy. The war in Ukraine ended that, with Western sanctions and other restrictions increasingly cutting Russia off from European markets. In response, Moscow has expanded ties with the countries more willing to do business with it — China to the east, and, via a […]

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Biden Budget Lays Out Battle Lines Against Trump

President Biden in his budget this week staked out major economic battle lines with former President Donald J. Trump, the presumptive Republican presidential nominee. The proposal offers the nation a glimpse of the diverging directions that retirement programs, taxes, trade and energy policy could take depending on the outcome of the November election. During the […]

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China’s Exports Surge Are Drawing a Global Backlash

China’s factory exports are powering ahead faster than almost anyone expected, putting jobs around the world in jeopardy and setting off a backlash that is gaining momentum. From steel and cars to consumer electronics and solar panels, Chinese factories are finding more overseas buyers for goods. The world’s appetite for its goods is welcomed by […]

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How China Came to Dominate the World in Solar Energy

China unleashed the full might of its solar energy industry last year. It installed more solar panels than the United States has in its history. It cut the wholesale price of panels it sells by nearly half. And its exports of fully assembled solar panels climbed 38 percent while its exports of key components almost […]

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China Sets Economic Growth Target of About 5%

China’s top leaders on Tuesday set an ambitious target for growth as its economy is laboring under a steep slide in the housing market, consumer malaise and investor wariness. Premier Li Qiang, the country’s No. 2 official after Xi Jinping, said in his report to the annual session of the legislature that the government would […]

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Fact-Checking Trump and Haley’s War of Words

Follow for live updates on the South Carolina Republican primary. As voters in South Carolina prepare to take to the polls on Saturday, Nikki Haley has vowed to continue challenging former President Donald J. Trump for the Republican nomination — to the dismay of her onetime boss. In recent weeks, Mr. Trump and Ms. Haley, […]

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Volkswagen Sees Electric Vehicles as a Way to Grow in the U.S.

Probably only Americans of a certain age remember when the Volkswagen Beetle was the best-selling imported car in the United States and the hippest ride to a Grateful Dead concert was a Volkswagen Microbus. Volkswagen is trying to tap some of that nostalgia in its latest push to regain the status and sales it enjoyed […]

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Volkswagen and BASF Are Reconsidering Ties to Xinjiang, China

Volkswagen Group is reviewing the future of its joint venture in the Xinjiang region of northwestern China and another German industrial giant is starting to sell its stakes there following new international scrutiny of forced labor by predominantly Muslim ethnic groups. Volkswagen said last week that it was in discussions with one of its main […]

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Britain Confronts Fears of a (Gasp!) Tea Shortage

For a country of morning-and-night tea drinkers, even the suggestion of a shortage of the household staple can elicit a nervous gulp. So there might have been more than a few people spooked when signs in some Sainsbury’s grocery stores this week warned customers that supply issues had affected the “nationwide” availability of black tea, […]

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This Arctic Circle Town Expected a Green Energy Boom. Then Came Bidenomics.

In Mo i Rana, a small Norwegian industrial town on the cusp of the Arctic Circle, a cavernous gray factory sits empty and unfinished in the snowy twilight — a monument to unfulfilled economic hope. The electric battery company Freyr was partway through constructing this hulking facility when the Biden administration’s sweeping climate bill passed […]

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U.S. Gas Producers Are Racing to Sell to Asia. And Mexico Is Key.

​As soon as next year, the United States’ fossil fuel industry will gain its first foothold on a valuable shortcut to sell natural gas to Asia. The shortcut goes straight through Mexico. The new route could cut travel times to energy-hungry Asian nations roughly in half by piping the gas to a shipping terminal on […]

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How China Built BYD, Its Tesla Killer

China’s BYD was a battery manufacturer trying its hand at building cars when it showed off its newest model in 2007. American executives at the Guangzhou auto show gaped at the car’s uneven purple paint job and the poor fit of its doors. “They were the laughingstock of the industry,” said Michael Dunne, a China […]

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For First Time in Two Decades, U.S. Buys More From Mexico Than China

In the depths of the pandemic, as global supply chains buckled and the cost of shipping a container to China soared nearly twentyfold, Marco Villarreal spied an opportunity. In 2021, Mr. Villarreal resigned as Caterpillar’s director general in Mexico and began nurturing ties with companies looking to shift manufacturing from China to Mexico. He found […]

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Top U.S. Treasury Officials to Visit Beijing for Economic Talks

The Biden administration is dispatching a high-level delegation of Treasury Department officials to Beijing this week for a round of economic talks as the world’s largest economies look to continue engagement efforts that President Biden and his Chinese counterpart, Xi Jinping, agreed to pursue last year. A Treasury official, speaking on the condition of anonymity […]

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What Business Leaders Are Saying About the Red Sea Attacks

Recent attacks on commercial ships in the Red Sea by the Iranian-backed Houthi militia have forced companies to pay higher insurance rates or reroute goods around Africa, adding costs and delays that could put a dent in companies’ profit margins and, ultimately, push up prices for consumers. Many executives whose companies ship goods through the […]

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Trump’s Tariffs Hurt U.S. Jobs but Swayed American Voters, Study Says

The sweeping tariffs that former President Donald J. Trump imposed on China and other American trading partners were simultaneously a political success and an economic failure, a new study suggests. That’s because the levies won over voters for the Republican Party even though they did not bring back jobs. The nonpartisan working paper examines monthly […]

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Is the European Union’s Economy Really Worse Off Than America’s?

In my most recent column I had a bit of fun with Kristi Noem, the governor of South Dakota, who has ominously warned that President Biden will turn us into Europe. I joked that this would mean adding five or six years to our life expectancy. When I shared Noem’s remarks on social media, some […]

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Global Economy Is Heading Toward ‘Soft Landing,’ I.M.F. Says

The global economy has been battered by a pandemic, record levels of inflation, protracted wars and skyrocketing interest rates over the past four years, raising fears of a painful worldwide downturn. But fresh forecasts published on Tuesday suggest that the world has managed to defy the odds, averting the threat of a so-called hard landing. […]

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What Hefei, China’s EV City, Says About the State of the Economy

Ultramodern factories churn out electric cars and solar panels in Hefei, an industrial center in the heart of central China. Broad avenues link office towers and landscaped parks. Subway lines open at a brisk pace. Yet at Hefei’s market for construction materials, which fills 10 city blocks, local merchants are gloomy. Wu Junlin, a vendor […]

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Worries in Europe Over the White House Move to Delay Gas Terminals

The Biden administration’s decision to delay approval of new liquefied natural gas terminals in the United States has been hailed as a major victory for environmental advocacy groups, but it is creating unease outside the United States about future energy supplies. “I think U.S. allies and trade partners will have some concerns about this, because […]

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T.S.M.C and the Power of a Single Company

“If China takes Taiwan, they will turn the world off, potentially,” Donald Trump told Fox News recently, apparently referring to a potential seizure of one company that is central to, well, pretty much everything. Indeed, it’s arguably the most important company in the world. The company Trump alluded to, Taiwan Semiconductor Manufacturing Company, or T.S.M.C., […]

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White House Said to Delay Decision on CP2, a Liquid Natural Gas Export Terminal

The Biden administration is pausing a decision on whether to approve what would be the largest natural gas export terminal in the United States, a delay that could stretch past the November election and spell trouble for that project and 16 other proposed terminals, according to three people with knowledge of the matter. The White […]

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Where Textile Mills Thrived, Remnants Battle for Survival

In his 40-year career, William Lucas has seen nearly every step in the erosion of the American garment industry. As general manager of Eagle Sportswear, a company in Middlesex, N.C., that cuts, sews and assembles apparel, he hopes to keep what’s left of that industry intact. Mr. Lucas, 59, has invested hundreds of thousands of […]

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Airbus Is Pulling Ahead as Boeing’s Troubles Mount

Airbus cemented its position last week as the world’s biggest plane maker for the fifth straight year, announcing that it had delivered more aircraft and secured more orders than Boeing in 2023. At the same time, Boeing was trying to put out a huge public-relations and safety crisis caused by a harrowing near disaster involving […]

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China’s Economy Grew Last Year, but Strains Lurk Behind the Numbers

Car production set records in China last year. Restaurants and hotels were increasingly full. Construction of new factories surged. Yet China’s economic strengths conceal weaknesses. Deep discounts helped drive car sales, particularly for electric cars. Diners and travelers chose cheaper dishes and less expensive hotels. Many factories ran at half capacity or less because of […]

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Flush With Investment, New U.S. Factories Face a Familiar Challenge

The Biden administration has begun pumping more than $2 trillion into U.S. factories and infrastructure, investing huge sums to try to strengthen American industry and fight climate change. But the effort is facing a familiar threat: a surge of low-priced products from China. That is drawing the attention of President Biden and his aides, who […]

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