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Global trade
China’s exports beat expectations despite trade tensions
Official statistics say that China’s exports for May grew at their fastest pace in more than a year despite trade tensions, though imports fell short of analyst expectations.
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Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
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Biden is slapping a 102% tariff on Chinese EVs
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Biden vows to shield US steel industry by blocking Japanese merger and seeking new Chinese tariffs
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China wins WTO dispute with Australia over steel products
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The EU will impose tariffs on Russian grain, fearing Moscow will use exports as a weapon of war
The European Commission wants to prevent Russia from using agriculture products as a tool to wreak havoc on the EU market and will impose tariffs on grain imports from Russia and Belarus.
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EU Commission proposes to impose tariffs on imports of grain from Russia
The European Union’s executive arm is proposing to member countries to impose tariffs on grain imports from Russia and Belarus.
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Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
As the World Trade Organization opens its latest biannual meeting of government ministers on Monday, its longtime moratorium on duties on e-commerce products is coming under pressure like never before.
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China and US hold economic talks as trade issues heat up on the campaign trail
Chinese and U.S. officials have met in Beijing for talks on tough issues dividing the two largest economies as trade and tariffs increasingly draw attention in the runup to the U.S. presidential election.
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House panel urges tougher trade rules for China, raising chance of more tariffs if Congress agrees
A special House committee focused on China is calling for altering the way the U.S. treats Chinese-made goods, possibly subjecting them to higher tariffs and risking increased economic tensions between the two economic superpowers.
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How an American meat broker is fueling Amazon deforestation
According to data analysis by The Associated Press and the Rainforest Investigations Network, a nonprofit reporting consortium, an American company is among the key beef suppliers and distributors contributing to the destruction of the Amazon rainforest.
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Biden vetoes bid by Congress to reinstate tariffs on solar panel imports from SE Asia
President Joe Biden has vetoed a congressional resolution that would have reinstated tariffs on solar panel imports from Southeast Asia.
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House votes to restore solar panel tariffs paused by Biden
The House voted Friday to reinstate tariffs on solar panel imports from several Southeast Asian countries.
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Taxes slow India’s solar power rollout but boost manufacture
Solar developers in India fear that a tax meant to encourage Indian manufacture of solar components will slow down the installation of solar power this year.
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Rule delay makes big EV tax credit possible early next year
People who want to buy an electric vehicle could get a bigger-than-expected tax credit come Jan. 1 because of a delay by the Treasury Department in drawing up rules for the tax breaks.
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Large Indiana employers asking utilities for `green tariffs’
Several of Indiana’s major employers want their local utilities to make it easier for them to buy power generated by wind and solar farms so they can move closer to their renewable energy goals.
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US to boost natural gas exports to UK in energy partnership
The United States will increase exports of liquefied natural gas to Britain under a new agreement calling for the two countries to work together to boost energy security and drive down prices following Russia’s invasion of Ukraine.
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EU takes China to WTO over Lithuania trade dispute
The European Union has announced that it’s begun legal action at the World Trade Organization against China over what it says are import restrictions Beijing has imposed on Lithuania.
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China trade shrinks amid virus pressure, interest rate hikes
China’s imports and exports shrank in November under pressure from weakening global demand and anti-virus controls at home.
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Stocks decline in Asia, extending losses on Wall Street
Shares are lower in Asia after benchmarks fell again on Wall Street on fears the Federal Reserve will need to keep the brakes on the economy to get inflation under control, risking a sharp recession.
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Tensions over trade deals exposed at Mercosur summit
MONTEVIDEO, Uruguay (AP) — A summit of the four Mercosur nations exposed tensions Tuesday as Uruguay’s eagerness to seek out foreign markets collided with opposition from Brazil, Argentina and Paraguay.
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A’s get reliever Chad Smith from Rockies for minor leaguer
DENVER (AP) — The Oakland Athletics picked up right-handed reliever Chad Smith in a trade with the Colorado Rockies on Tuesday.
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EU agrees deal to ban products which fuel deforestation
European Union lawmakers and governments reached a deal Tuesday that would ban the import of products which contribute to deforestation around the world.
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Mongolians protest alleged theft of coal sold to China
Protesters have tried to force their way into Mongolia’s State Palace, incensed by allegations of corruption linked to the coal trade with China. The U.S.
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US, EU agree to intensify talks on ‘green subsidies’ dispute
The United States and European Union have agreed to intensify talks to resolve EU concerns over major subsidies for American companies contained in a U.S. clean energy law.
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Russian oil price cap, EU ban aim to limit Kremlin war chest
Major Western measures to limit Russia’s oil profits over the war in Ukraine have taken effect. They bring uncertainty about how much crude could be lost to the world and whether they will unleash the hoped-for hit to a Russian economy that’s held up better than many expected under sanctions.
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Russian oil price cap, EU ban aim to limit Kremlin war chest
Major Western measures to limit Russia’s oil profits over the war in Ukraine have taken effect. They bring uncertainty about how much crude could be lost to the world and whether they will unleash the hoped-for hit to a Russian economy that’s held up better than many expected under sanctions.
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Report: Ukraine war ups arms sales but challenges lie ahead
Global arms sales have grown by nearly 2%, chiefly because of the war in Ukraine. But the conflict may also hamper production, not least because Russia is a major supplier of raw materials used in arms production.
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India signals it will continue to buy oil from Russia
India’s foreign minister has signaled that his country will continue to buy oil from Russia, even as Western governments press Moscow with a price cap on its oil exports.
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Longtime Arizona GOP Rep. Jim Kolbe dies at 80
Jim Kolbe, who represented Arizona in Congress for more than two decades, has died. A statement from Arizona Gov.
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EXPLAINER: What’s the effect of Russian oil price cap, ban?
The U.S., Europe and the Group of 7 democracies have agreed to put a price cap on Russian oil exports to other countries. The cap proposed by U.S.
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Germany welcomes Biden comments in trade dispute
Germany has welcomed President Joe Biden’s apparent willingness to discuss tweaking U.S. legislation that European leaders say unfairly discriminates against their industries.
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Finnish PM warns Russian win would empower aggressors
CANBERRA, Australia (AP) — Finland’s Prime Minister Sanna Marin warned an Australian audience Friday that a Russian victory over Ukraine would empower other aggressors and urged democracies against forming “critical dependencies” on authoritarian states such as China.
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Seoul places new sanctions on North Korea over arms buildup
South Korea on Friday sanctioned eight people and seven organizations suspected of engaging in illicit activities to finance North Korea’s growing nuclear weapons and missile programs.
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EU edges closer to $60-per-barrel Russian oil price cap
The European Union is edging closer to a $60-per-barrel price cap on Russian oil. It’s a highly anticipated and complex political and economic maneuver designed to keep Russian oil flowing into global markets while clamping down on President Vladimir Putin’s ability to fund his war in Ukraine.
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