Tag - trade

 
 

TRADE

Most Japanese companies see no need for their government to follow the U.S. in raising tariffs on Chinese imports, a survey has found.
BUSINESS
Jun 20, 2024
Most Japanese firms see no need to follow U.S. with tariffs on China
U.S. President Joe Biden last month unveiled steep tariff increases on an array of Chinese goods.
Sailors from the USS Dwight D. Eisenhower assist distressed mariners rescued from the Liberian-flagged, Greek-owned bulk carrier M/V Tutor that was attacked by Houthis in the Red Sea on Saturday.
BUSINESS
Jun 20, 2024
Shipping industry urges Red Sea action as Houthis sink second vessel
A Greek-owned coal carrier attacked by Yemen's Houthi militants in the Red Sea last week has sunk, salvagers confirmed.
Japan's exports in May showed the largest year-on-year increase since November 2022, but persistent weakness in the yen is raising concerns about the potential for a resurgence in cost-push inflation.
BUSINESS / Economy
Jun 19, 2024
Japan’s exports grow most since 2022 on boost from weak yen
Exports increased 13.5% from a year ago in May, marking a sixth month of gains, the Finance Ministry reported.
Washington is talking to allies about adding 11 more Chinese chipmaking factories to a restricted list.
WORLD / Politics
Jun 19, 2024
U.S. pushes Japan and Netherlands to muzzle China's chipmaking abilities
Washington is talking to allies about adding 11 more Chinese chipmaking factories to a restricted list, a source said.
Houthis hold a military parade to mark the anniversary of their takeover in Sanaa, Yemen, on Sept. 21.
WORLD
Jun 16, 2024
U.S. Navy rescue crew from Greek-owned ship struck by Houthis in Red Sea
The attack, which occurred near the Yemeni port of Hodeidah, caused severe flooding and damage to the engine room and left the Tutor unable to maneuver.
U.S. President Joe Biden joins other world leaders, including Prime Minister Fumio Kishida, as they watch a skydiving demonstration at the annual Group of Seven summit in Savelletri, Italy, on Thursday.
WORLD / Politics / ANALYSIS
Jun 15, 2024
G7 leaders unite to hammer China over trade and Russian lifeline
Group of Seven leaders warned Beijing over its "harmful" trade practices and dispatch of dual-use products to Russia for its war in Ukraine.
Chinese President Xi Jinping reviews the honor guard at the Great Hall of the People in Beijing last month. China is likely to adopt limited and targeted retaliation against the European Union after the bloc unveiled tariff increases on Chinese electric cars.
ASIA PACIFIC / Politics
Jun 14, 2024
China likely to retaliate in targeted ways after Europe raises levies on EVs
Beijing is expected to avoid an excessive response that encourages further trans-Atlantic alignment against China.
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.
Wins by conservative parties and losses by their leftist green opponents in the EU elections reflect broader trends of political polarization and nationalism not only in Europe, but also the world. 
COMMENTARY / Japan
Jun 13, 2024
Impact of EU elections on global politics and Japan's foreign policy
Japan is concerned about the rise of right-leaning parties that might undermine support for Ukraine and send signals to revisionist powers like China.
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.

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Visitors walk past Sou Fujimoto's Grand Ring, which has been recognized as the largest wooden structure in the world.
Can a World Expo still matter? Japan is about to find out.