China’s trade surplus has topped $US1 trillion ($1.5 trillion) for the first time as manufacturers seeking to avoid President Donald Trump’s tariffs shipped more to non-US markets, with exports to Europe, Australia and South-East Asia surging. Shipments to the United States dropped by close to one-third when comparing November data to the same month last…
“Ukraine gains direct access to diversified and reliable energy sources, while Greece becomes a hub for supplying Central and Eastern Europe with American liquefied natural gas,” Greek Prime Minister Kyriakos Mitsotakis said. Nov 16 3 mins read Source link
China stepped up its economic war with Japan on Wednesday as a dispute between Asia’s two biggest economies intensified over a remark by Tokyo’s new leader about a Japanese response to any Chinese military move against self-ruled Taiwan. Newsweek has contacted the Ministry of Foreign Affairs of Japan and the U.S. Department of State for…
Calling the peak for anything is dangerous. So here goes: We’ve reached peak tariffs, as both an economic weapon and almost certainly as a political one. President Donald Trump signaled as much on Sunday when he turned to social media and declared people who oppose tariffs “are FOOLS!” He then offered everyone a tariff “dividend”…
Dutch Prime Minister Dick Schoof said China has agreed to resume deliveries of Nexperia chips from plants in the country, signaling a potential breakthrough in a clash that risked disrupting global auto production. “We were informed by China that they will enable the resumption of supplies from Chinese factories from Nexperia,” Schoof said in an…
From the delicacy of the hands grazing the fabric, ensuring no thread is out of place, to the poetic rhythm in the movement of arms and fingers, and the deep concentration in the eyes of the women who devote themselves to every detail, handcraft remains unparalleled in its precision and artistry. At its heart,…
China will effectively suspend implementation of additional export controls on rare earth metals and terminate investigations targeting US companies in the semiconductor supply chain, the White House announced. The White House issued a fact sheetBloomberg Terminal on Saturday outlining some details of the trade pact agreed to earlier this week by President Donald Trump and…
African copper shipments to China are being disrupted by the temporary closure of a crucial exporting port in Tanzania following election unrest. Copper traders and producers in the central Africa copperbelt are now seeking to reroute cargoes from the Port of Dar es Salaam, leading to congestion at other ports including Durban, in South Africa,…
When the US and China settled their earlier trade war in 2020, American soybean producers saw their exports surge to near record levels. This time around, any deal is likely to yield far smaller rewards. President Donald Trump and his counterpart Xi Jinping are expected to sign off on terms of a framework struck by…
Trade tensions between the U.S. and China appear to have cooled, just days ahead of a meeting between President Donald Trump, who arrived in Malaysia on Sunday for the Association of Southeast Asian Nations (ASEAN) summit, and Chinese President Xi Jinping, with both sides saying they were close to a potential agreement. If a trade…