High-Stakes U.S.-China Summit Expected to Impact Global Economy When it comes to the global economy, the United States and China are two of the biggest players worldwide. Together, they produce over 40% of the world’s goods and services. However, their ongoing economic battle is taking a toll on the rest of the world as well. …
An aerial view of a container ship leaving the dockyard in Qingdao in east China’s Shandong province. Future Publishing | Future Publishing | Getty Images China’s September exports decline less than expected, while imports miss forecast, according to customs data. The decline in exports last month was 6.2%, surpassing analysts’ forecast of a 7.6% drop. …
BEIJING — Europe has launched an investigation into Chinese electric vehicle subsidies, but the outcome of the probe remains uncertain, said Valdis Dombrovskis, executive vice president and trade commissioner of the European Commission. Dombrovskis emphasized that the investigation will be “fact-based” and conducted in accordance with EU and World Trade Organization rules. The probe will …
China’s relationship with the European Union hangs in the balance, with the EU’s trade chief urging Beijing to prioritize openness and fairness. Valdis Dombrovskis, executive vice president of the European Commission, delivered a speech at Tsinghua University in Beijing on Monday, emphasizing the importance of mutually beneficial relations based on open, fair trade and cooperation …
A Polish Leopard 2PL tank during a Defender Europe 2022 military exercise of NATO troops including those from France, the U.S. and Poland, at the military range in Bemowo Piskie, near Orzysz, Poland, on May 24, 2022. Kacper Pempel | Reuters Poland has decided to cease supplying weapons to Ukraine amidst an escalating dispute over …
Relations between Washington and Beijing have reached an unprecedented low, with disputes ranging from trade and technology to human rights and territorial claims. Xie Feng, China’s ambassador to the U.S., recently addressed the drop in trade between the two countries, attributing it to U.S. tariffs and export controls. In a speech at the Forbes U.S.-China …
Recent analysis reveals that Russia is obtaining Western microchips and semiconductors through intermediaries like China to power its military arsenal. In 2022, Russia imported $2.5 billion worth of semiconductor technologies, a significant increase from $1.8 billion in 2021. These advanced technologies, including semiconductors and microchips, are crucial for modern warfare and are used to power …
Australia is calling on China to remove all remaining trade restrictions following Beijing’s decision to lift tariffs on Australian barley imports. This move indicates a potential normalization of bilateral relations. Canberra is now anticipating the removal of tariffs on Australian wine imports, which were introduced in March 2021. During the peak of diplomatic tensions in …
Canadian beef and pork farmers are expressing frustration over an ongoing dispute with Britain regarding meat exports. They are now urging members of Parliament to vote against the U.K.’s membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a major trade group in the Asia-Pacific region. In an interview, Canadian Cattle Association president …