‘No Possibility of Reconciliation’ as US Slams China Chips
The US Commerce Department on Friday unveiled sweeping regulations that limit the sale of semiconductors and chip-making equipment to Chinese customers, striking at the foundation of the country’s efforts to build its…
Conservatives Should Not Surrender on Sugar
For all of the conservative movements’ rightful paroxysms regarding open borders, it is perplexing why those who champion free markets wish to throw open the trade border to an avalanche…
Top Democrat Neal Seeks to Reboot US-EU Trade Talks
House Ways and Means Chairman Richard Neal said Democrats should prioritize free-trade negotiations with Europe if they’re able to maintain their hold on Congress after the November midterm elections. This…
Why is India Inc protectionist?
Post 1991, imports were significantly liberalised and duties brought down. But in recent years, India has reversed its two-and-a-half decade-old policy of tariff reduction to favouring protectionism. Import substitution is…
Chinese businesses in Europe are concerned about calls for decoupling and the rise of protectionism
Rising demand for decoupling and the threat of trade protectionism have worried Chinese businesses doing business in the EU, and a recent report indicates trade confidence has hit a three-year…
The golden age of globalization is clearly over, says Singapore’s Deputy Prime Minister Lawrence Wong
The golden age of globalization has ended and a fundamental change to the way the world works is underway, said Singapore’s Deputy Prime Minister and Minister for Finance Lawrence Wong. “Remember the…
“Globalization is (Almost) Dead” – New Book by FT Columnist Rana Faroohar Explains Why
Economists like to think reality can be captured in mathematical formulas. They plug in numbers about all sorts of complicated things – how we work, what we spend – creating…
Ideology-skewed industrial subsidies taken by US, Western countries will not succeed: former finance minister
In this Global Times article, China’s former Minister of Finance Lou Jiwei says, “Trade protectionism will not solve any problem, and trade protectionism itself is the problem,” noting that the…
China takes aim at Quad, also says no country should abuse power to bully others
The Quad, made up of India, the US, Japan and Australia, is committed to security in the Indo-Pacific region and cooperation on development and has been criticised by China, and…
Canadian business wary of growing protectionism in U.S. as midterm elections loom
The growth of a protectionist mindset and policy south of the border is front of mind for Perrin Beatty, president and CEO of the Canadian Chamber of Commerce, as the…