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 complex models to stimulate our world. They then crank the algorithmic engine on these models, and out comes the data that shapes the politics that … Read More
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 process of economic globalization over the past four decades has enabled countries to make greater use of their comparative advantages and improve production efficiency. Read … Read More
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 India is entering into similar arrangements elsewhere also. “Protectionism can only build around and decoupling a supply chain disruption will hurt everyone. We should stay … Read More
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 U.S. braces for midterm elections in early November. Beatty said on Friday, from the Global Business Forum in Banff, that the shift from an open … Read More
“Our policy is devoid of any selfishness, we hope that other participants in economic cooperation will build a policy on the same principles, stop using the tools of protectionism, illegal sanctions and economic selfishness for their own purposes,” Putin said at an expanded meeting of the council of heads of states of the Shanghai Cooperation … Read More
We’ve known for decades that countries like Japan and Korea manage their economies to export, preferably to the U.S., and control their own imports tightly to make it very hard for the U.S. to increase its exports. The problem is not static; it’s actually getting worse. Countries like Vietnam, Malaysia, and Thailand have learned by … Read More
Located in a prime spot between Mexico’s industrial capital and the US border, Hofusan has become a haven for Chinese manufacturers looking to sidestep US tariffs and shorten supply chains that have been strained to a breaking point during the pandemic. The 11 plants and warehouses on the 850-hectare (2,100-acre) estate are part of the … Read More
Germany’s economy minister said on Tuesday the government was working on a new trade policy with China to reduce dependence on Chinese raw materials, batteries and semiconductors, promising “no more naivety” in trade dealings with Beijing. Read the article.
The Biden administration plans to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence and chipmaking tools. The Commerce Department intends to publish new regulations based on restrictions communicated in letters earlier this year to three U.S. companies — KLA Corp, Lam Research Corp, and Applied Materials Inc. Read the article.
South Korea is considered a strong ally of the U.S. But it must be pointed out, despite writing rules into the U.S.-Korea free trade agreement meant to help our domestically-made vehicles enjoy success in the Korean market, that never really happened. They’ve always sent us ten vehicles for every one we send them. Read the … Read More
