“The timing of the action basically suggests that this is a response to the EU tariff on made-in-China EVs,” said Gary Ng, senior economist at Natixis Corporate and Investment Bank. …
Events such as the US-China trade war, the Covid-19 pandemic and the Russia-Ukraine conflict have accelerated this shift, leading to a marked deterioration in the global trade environment. Geopolitical competition …
Most worrying is what Maurice Obstfeld at the Peterson Institute recently called “a deep distrust of economic openness” – a bipartisan consensus that the open trade which has been nurtured …
For me, the tipping point was when Grindr, the China-owned gay dating app, was accused of being a national security threat. US officials said it had the potential to compromise …
The U.S. is dramatically increasing the duty it charges on softwood lumber imports from Canada, setting the rate at 14.54 per cent. The previous duty was 8.05 per cent. The new rate …
China’s economic system is founded on the reforms carried out in the 1990s. With the unification of dual exchange rates in 1994, markets became the main tool to set prices. …
After a seven-month investigation into subsidies in China’s EV sector, the EU announced last week that it would raise tariffs on Chinese EVs by up to 38 per cent from …
“Today’s actions strike at their remaining avenues for international materials and equipment, including their reliance on critical supplies from third countries,” said Treasury Secretary Janet Yellen. “We are increasing the …
Tectonic shifts are leading to the emergence of a more just multipolar world order. The unipolar model, which for centuries served the interests of the so-called “collective West” and fuelled …
From this perspective, the US sees itself as the victim of others’ transgressions. Japan was the culprit in the 1980s. Now it’s China. US leaders also blame the World Trade …