Citigroup Clients Are Shifting Supply Chains Away from China
The expanding trade conflict between the US and China is spurring a rethink of the electronics industry’s decades-old supply structures. The world’s reliance on the Asian nation became starkly clear…
Biden 2023 Trade To-Do List Puts Frameworks, Rules Action at Top
US Trade Representative Katherine Tai said that she frequently finds herself fighting against the idea that the US is seeking to “decouple,” or “completely divorce” its economy from China’s, something…
Reverse Trends of Globalisation
Donald Trump and Joe Biden endorse protectionism, while globalization was once promoted as virtuous and irreversible by previous US presidents. The global political economy has transformed drastically. China has emerged…
Volkswagen Defends Xinjiang Plant Despite Uyghur Concerns
Volkswagen AG reaffirmed its commitment to an automotive plant in Xinjiang after a visit by its China chief, despite persistent concerns of human rights abuses in the country’s far western…
US Lawmaker Concern Over Mexico Steel Revives Trump-Era Conflict
Steel is threatening to become the latest area of commercial conflict between the US and Mexico after a bipartisan group of US lawmakers called on the Biden administration to restore…
US-Made Rare Earths to Skip China In Supply Deal With Japan
Mountain Pass has emerged as a flagship operation for the US push to reshape flows of critical minerals. It accounted for about 15% of the world’s mined rare earths supply…
Germany’s China Dependency Is Dangerous, Finance Minister Says
Finance Minister Christian Lindner is worried that Germany’s economy is becoming too reliant on China and called for closer trade ties with democratic countries to counteract this dependency. “Dangerous development:…
B.C. lumber industry concerned about U.S. protectionist rules
BC’s lumber industry anxiously dissects US President Joe Biden’s latest “Buy American” rhetoric to better understand its implications for Canadian exporters. The BC Lumber Trade Council is concerned that President…
The Pleasure Island of Shein
Who could imagine that a small order-fulfillment Chinese company with almost no garment manufacturing experience would become the world’s largest fast fashion retailer in less than two decades? Shein’s massive…
The continuing mystery of Biden’s trade policy
When President Biden assumed office two years ago, proponents of free trade hoped it would signal a break from President Trump’s protectionist stance. To the chagrin of many, Biden’s trade…