The U.S. and the Philippines are in discussions over ways to prevent China from dominating nickel processing in the Southeast Asian nation, a key supplier of the metal that’s crucial for electric vehicle batteries. One measure under consideration is a trilateral arrangement through which the Philippines would supply raw nickel material, the U.S. would provide financing, and a … Read More
“We expect the European Commission to impose duties in the 15-30 percent range. But even if the duties come in at the higher end of this range, some China-based producers will still be able to generate comfortable profit margins on the cars they export to Europe because of the substantial cost advantages they enjoy,” the … Read More
Mexican authorities assert that the federal government has the duty to implement the necessary mechanisms to generate stability in domestic industry sectors and provide for the elimination of trade distortions, in an effort to safeguard the balance of the global market in accordance with international law and Mexico’s international commitments. The authorities add that, as … Read More
French President Emmanuel Macron warned Thursday that Europe faces possible demise if it does not take bold action to tackle U.S. and Chinese protectionism, amid serious geopolitical threats from authoritarian regimes. In a bleak and solemn speech delivered at the Sorbonne University in Paris that frequently returned to the theme of a fast-changing global order, … Read More
About 33 percent of Chinese companies surveyed reported a deterioration in the business environment within the European Union in 2023, according to a report released by China’s top foreign trade and investment promotion agency on Sunday. Some EU member economies have developed a toolkit of protectionist policies, which have made it more difficult for foreign … Read More
The president’s efforts to restrict Chinese imports and block a Japanese steel merger have pleased labor unions and sent a message to rival Donald J. Trump. The politics behind Mr. Biden’s strategy appears clear: When it comes to manufacturing, the president wants to leave no doubt that he is as much “America First” as Mr. … Read More
Speaking to reporters after the event, Yellen declined to say whether the Biden administration was prepared to threaten Beijing with retaliatory trade actions if China doesn’t reduce its subsidies. “It’s important for the Chinese to understand why we have a concern,” she said. “But I don’t want to get to retaliation. We want to see what … Read More
More Americans trust former President Trump’s approach to trade than President Biden’s but are split on their approach to tariffs on China, according to a new survey. The YouGov poll, released Friday, found 42 percent of Americans somewhat approve of Trump’s approach to foreign trade, 11 percent higher than Biden’s 31 percent. At the same time, … Read More
For those who roam within credentialed economic circles and discuss markets with hedge fund managers at the Harvard Club, tariffs are sacrilegious. Speak kindly of them and you’re a free market heretic. It’s practically un-American. Sadly for them, tariffs that began in 2018 have not destroyed the U.S. economy. The stock market did not crash. … Read More
A bipartisan group of U.S. lawmakers on Wednesday asked the Biden administration to impose higher tariffs on Chinese drones, including those shipped from other countries and new incentives to boost U.S. drone manufacturers. Representative Mike Gallagher, chair of the House China committee, the panel’s top Democrat Raja Krishnamoorthi and 11 other lawmakers urged the administration … Read More
