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TRADE

Container ships and bulk carriers off Singapore's shores on Feb. 19
ASIA PACIFIC
Jun 13, 2024
Singapore port container logjam worsens as ships avoid Red Sea
The congestion is only emerging now because it took time for the port to reach its maximum utilization level.
A BYD Atto 3 electric SUV on the streets of Frankfurt, Germany, on Feb. 21, 2023
BUSINESS / Economy
Jun 13, 2024
EU hits Chinese EVs with tariffs, drawing rebuke from Beijing
The move comes less than a month after the U.S. announced plans to quadruple duties for Chinese EVs.
U.S. President Joe Biden
WORLD / Politics
Jun 12, 2024
U.S. to widen sanctions to curb chip sales to Russia’s war machine
Russia is still sourcing chips from third-party countries to use in missiles and other inputs critical to the battlefield.
People walk in front of a BYD Auto company and Autotorino store in Milan on March 20.
BUSINESS / Tech
Jun 10, 2024
European nations compete for Chinese EV factories as EU weighs tariffs
Chinese EV makers want to set up in Europe to build their brands and save on shipping and potential tariffs.
A Taiwan Semiconductor Manufacturing Co. facility under construction in Phoenix, Arizona, in 2022. Washington aims to strengthen domestic chip manufacturing as it engages in a trade war with China.
COMMENTARY / World / Geoeconomic Briefing
Jun 9, 2024
Does economic security undermine the benefits of interdependence?
While economic security concerns are not new in the U.S., coercive methods are. These risk undermining the rules-based international order and its global appeal.
The government plans to increase support for the export of anime, manga and other Japanese content while helping content creators expand overseas.
JAPAN
Jun 8, 2024
Japan to boost support for anime and manga exports
The government will draw up a strategy to boost the content industry and promote efforts under the strategy through public-private cooperation.
China isn’t worried that Hyundai and other South Korean firms will outcompete locals. However, their presence ensures a continued supply of production factors: equipment, chemicals and labor.
COMMENTARY / World
Jun 7, 2024
Why China wants South Korea to stay open
Countries push for free trade when they have an edge. Beijing knows it.
Despite the Sino-American trade war, China's export competitiveness has strengthened, with its share of global exports increasing in 2023 and its trade surplus reaching $823 billion.
COMMENTARY / World
Jun 5, 2024
Why the U.S. can’t win the trade war with China — and shouldn’t try
There is no evidence that China is actively targeting the exchange rate, and even the U.S. does not label China as a currency manipulator.
Taiwan Semiconductor Manufacturing Co. (TSMC) is the world's leading chip contract manufacturer.
BUSINESS / Tech
Jun 5, 2024
Chinese AI chip firms downgrading designs to secure TSMC production
They submitted the less-powerful designs to TSMC — the world's leading chip contract manufacturer — to comply with U.S. restrictions, sources say.
Geely Automobile Holdings' Zeekr electric vehicles bound for shipment to Europe at the Port of Taicang in Taicang, Jiangsu Province, China, on Aug. 24, 2023
BUSINESS / Tech
Jun 5, 2024
China risks trade war on two fronts as low-tech exports soar, too
The European Union is poised to slap tariffs on Chinese electric vehicles this week, the latest example of rising barriers to global trade.
Today's leaders need to balance national security measures with global cooperation to prevent the unraveling of the world's economy.
COMMENTARY / World
Jun 4, 2024
The global economy is more fragile than it seems
Today's leaders need to balance national security measures with global cooperation to prevent the unraveling of the world's economy.
A person walks past the logo of the 2024 Korea-Africa Summit in Goyang, South Korea, on Tuesday. Seoul will aim to secure critical mineral imports and boost trade ties with Africa as President Yoon Suk-yeol hosts dozens of heads of state from the continent at a major summit.
ASIA PACIFIC / Politics
Jun 4, 2024
South Korea's Yoon Suk-yeol pledges closer ties with Africa on minerals and trade
Hosting an inaugural summit, Yoon said South Korea will increase development aid for Africa as it looks to tap the continent's mineral resources and export market potential.
Greek-flagged bulk cargo vessel Sea Champion is docked to the port of Aden, Yemen to which it arrived after being attacked in the Red Sea in what appears to have been a mistaken missile strike by Houthi militia, in February.
ENVIRONMENT / Climate change
Jun 1, 2024
How Red Sea disruptions are driving up carbon emissions
A surge of attacks on ships traveling the waters of the Red Sea is forcing shippers to reroute their vessels, driving up emissions.
While European countries such as Germany have strengthened bilateral ties with Beijing, the EU as a whole is set on reducing reliance on the Chinese economy: a strategy that European Commission President Ursula von der Leyen calls "de-risking."
COMMENTARY / World / Geoeconomic Briefing
May 31, 2024
Europe’s vulnerability in the EU-China-U.S. geoeconomic triangle
Behind a semblance of unity, the EU and U.S. could be on clashing trajectories in their pursuit of economic security to reduce dependence on China.
Chinese electric vehicles bound for shipment at the Port of Taicang in China
BUSINESS / Tech
May 30, 2024
EU seeks roadblocks for Chinese EVs without sparking trade war
Crucially, the bloc must strike a balance with its aim for more Europeans to drive EVs as it prepares to outlaw the sale of new fossil fuel-powered cars from 2035.
Trade no longer generates a surplus in Japan, reflecting a surge in the cost of energy imports and an increase in offshore production.
BUSINESS / Economy
May 30, 2024
Yen's relentless slide revives Japan's interest in structural reforms
The currency's persistent weakness has alerted policymakers to more fundamental drivers behind it, such as the nation's dwindling global competitiveness.
Deputy U.S. Treasury secretary Wally Adeyemo
WORLD / Politics
May 30, 2024
China must stop aiding Russia in war, deputy U.S treasury chief says
The U.S. is "open to sanctioning” anyone helping Russia gain access to components that can be used for weapons, U.S. Deputy Treasury Secretary Wally Adeyemo said.
Prime Minister Fumio Kishida meets senior Chinese Communist Party official Liu Jianchao at the Prime Minister's Office in Tokyo on Wednesday.
JAPAN / Politics
May 29, 2024
Kishida asks senior Chinese official to lift marine import ban
Prime Minister Fumio Kishida on Wednesday met with senior Chinese Communist Party official Liu Jianchao, who is thought close to leader Xi Jinping.
Wanxiang America’s Neapco manufacturing plant in Belleville, Michigan
BUSINESS / Companies
May 29, 2024
Once embraced, Chinese companies now shunned in U.S. on security fears
It doesn’t matter if it’s mining or health care, even Chinese furniture could one day be seen as a national security issue, a lawyer who represents Chinese clients said.
In September 2022, U.S. President Joe Biden signed an executive order outlining what technology areas would be considered critical in the government's process for reviewing inbound investments that could pose a threat to national security.
COMMENTARY / Japan / Geoeconomic Briefing
May 27, 2024
How will Japan respond to new U.S. investment rules?
Washington is reforming inbound and outbound investment rules in the context of economic security concerns. Japan needs to prepare for these changes.

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?