Tag - trade

 
 

TRADE

U.S. Treasury Secretary Janet Yellen meets China's Vice Premier He Lifeng at the Guangdong Zhudao Guest House, in Guangzhou, Guangdong province, China, on Saturday.
WORLD / Politics
Apr 6, 2024
U.S. and China to start new talks on balanced growth, Yellen says
The top priority of her four day visit to China was to persuade Beijing to rein in excess production capacity for clean energy technology.
Developing nations feel that international trade rules favor developed countries and undermine their interests, particularly in areas like agriculture and fishing subsidies.
COMMENTARY / World
Apr 5, 2024
Why have developing countries soured on multilateralism?
The efforts of advanced economies to link trade agreements to labor and environmental standards could disadvantage developing nations.
Tugboats guide the Maersk Atlanta container ship at the Port of Newark in Newark, New Jersey, on Saturday. The bridge collapse Tuesday that shut the Port of Baltimore and closed a major highway will cause weeks or months of transportation disruptions in the Mid-Atlantic region.
BUSINESS
Apr 1, 2024
Baltimore ship accident has east coast ports scrambling to absorb cargo
The bridge collapse will accelerate a shift of cargo to the U.S. West Coast in order to avoid potential bottlenecks at trade gateways from Boston to Miami.
Chinese President Xi Jinping meets Prime Minister of the Netherlands Mark Rutte at the Great Hall of the People in Beijing on Wednesday.
WORLD / Politics
Mar 28, 2024
Xi slams technological barriers during Dutch premier’s visit
The U.S. is urging the Netherlands to stop ASML from servicing and repairing sensitive chipmaking equipment purchased by Chinese clients.
The Dali cargo vessel that crashed into the Francis Scott Key Bridge, causing it to collapse in Baltimore, Maryland, on Tuesday
BUSINESS
Mar 27, 2024
Baltimore’s freak bridge collapse reverberates from cars to coal
The aftermath of the bridge’s collapse throws another spotlight on the fragile nature of global supply chains.
Visitors view a BYD Dolphin EV car at the 44th Bangkok International Motor Show in Bangkok in 2023.
BUSINESS / Companies
Mar 25, 2024
Chinese EV makers to take center stage at Bangkok motor show
The popularity of Chinese EVs in Thailand underscores the growing challenge Japanese auto giants face in a vehicle market they have long dominated.
The United States has abandoned its long-standing demand for World Trade Organization provisions to protect cross-border data flows.
COMMENTARY / World
Mar 25, 2024
The U.S. is jeopardizing the open internet
The U.S. has changed its stance at the WTO on cross-border data flows, a move that could seriously harm the open internet that so many benefit from.
An electronic stock board in Tokyo on Thursday. Signs that deflation has ended are driving investors to bet ever more on Japan’s economic growth.
BUSINESS / Markets
Mar 23, 2024
Japan’s stock boom gets broader support than just exporters
Signs that deflation has ended are driving investors to bet ever more on Japan’s economic growth.
The Monrovia NSU Challenger bulk carrier transits the expanded canal through the Cocoli Locks of the Panama Canal in April 2023.
ENVIRONMENT / Sustainability
Mar 22, 2024
'We all need water': Panama's canal, and people, thirst for more
A severe drought last year caused water levels in Gatun Lake, which provides drinking water and is the main reservoir for the canal, to fall.
General Cargo Pegasus 01 vessel offloads cargo at the Port of Bosaso, in the semi-autonomous region of Puntland, Somalia, on Jan. 28.
WORLD / Crime & Legal
Mar 22, 2024
Somali pirates' return adds to crisis for global shipping companies
The raids reemerge as shipping companies contend with attacks by Yemen's Houthi militia in the Red Sea and other nearby waters.
Japan’s exports grew for a third consecutive month in February on the back of robust shipments of vehicles.
BUSINESS / Economy
Mar 21, 2024
Japan’s exports rise for third straight month led by autos
The economy is projected to record another small expansion in the current quarter, as the weak yen is expected to continue offering support to exporters.
People visit the Huawei stand at the 2024 Mobile World Congress in Barcelona last month.
BUSINESS / Tech
Mar 20, 2024
U.S. weighs sanctioning Huawei’s secretive Chinese chip network
Any move would come after the Chinese telecom giant notched a significant technological breakthrough last year.
Australia and China have rapidly improved their diplomatic relations since the election of the center-left Labor government in May 2022, including the restoration of high-level official meetings and the lifting of trade sanctions imposed by Beijing at the height of tensions.
ASIA PACIFIC / Politics
Mar 20, 2024
China and Australia face difficult diplomatic road after trade spat
Hurdles exist in the form of persistent political differences and increased competition between Beijing and Canberra’s principal ally, the U.S.
Prime Minister Fumio Kishida, who is also LDP president, told an Upper House budget committee meeting that the government would put in place rigorous hurdles that must be cleared before the fighter jet’s export is approved.
JAPAN / Politics
Mar 13, 2024
Kishida agrees on need for strict rules to export of fighter jet
Concessions by the LDP president could pave the way for a deal with junior coalition partner Komeito on a revision to Japan's defense export guidelines.
Paraguay Foreign Minister Rubén Ramírez Lezcano says that the free trade agreement to be negotiated between Tokyo and Mercosur would include goods and services, including agricultural products, which is very important for Japan.
BUSINESS / Economy
Mar 13, 2024
Mercosur ‘ready’ to resume FTA talks with Japan, Paraguay foreign minister says
The bloc is keen to expand ties with Asia as it seeks to boost trade and deepen economic integration with partners beyond the U.S., Europe and China.
German Chancellor Olaf Scholz and Malaysian Prime Minister Anwar Ibrahim hold a joint press conference at the Chancellery in Berlin on Monday.
WORLD / Politics
Mar 12, 2024
Scholz meets with ASEAN leaders, looking to reduce China dependency
China still dominates the supply of raw materials needed to make electric-vehicle batteries, solar panels and other high-tech products.
Air Self-Defense Force F-35 stealth fighters are displayed at the U.S. military's Yokota Air Base in Tokyo.
JAPAN / Politics
Mar 11, 2024
Japan's arms imports up 155% over last five years, report finds
The Asian nation was the sixth-largest weapons importer in the world, according to a report by the Stockholm International Peace Research Institute.
Unpicked grapes wither on the vine near the town of Griffith in southeast Australia in February.
BUSINESS / Companies
Mar 11, 2024
Australian farmers rip out millions of vines amid wine glut
Falling consumption of wine worldwide has hit Australia particularly hard as demand shrinks fastest for the cheaper reds that are its biggest product.
Shanghai Zhenhua Heavy Industries is one of the largest port machinery manufacturers in the world, owning a fleet of more than 20 transportation vessels, according to its website.
WORLD
Mar 10, 2024
Shanghai Zhenhua denies posing cybersecurity risk to US ports
ABB has said it sold its control and electrification equipment to many crane manufacturers, including Chinese companies.
The U.S. Commerce Department’s Bureau of Industry and Security is considering adding Chinese chipmaker ChangXin to its so-called Entity List, which restricts companies’ access to U.S. technology.
BUSINESS / Tech
Mar 9, 2024
U.S. mulls blacklisting CXMT to further curb China’s chip advance
The U.S. Commerce Department’s Bureau of Industry and Security is considering adding the chipmaker to its so-called Entity List.

Longform

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