Trade
Largest port on U.S. East Coast, New York/New Jersey, begins prepping for what could be first union strike since 1977
Port of New York/New Jersey executives tell CNBC they have begun preparations for a potential complete work stoppage by the International Longshoreman’s Association, the largest union in North America. The ILA represents over 85,000 longshoremen and a strike would shut down five of the 10 busiest ports in North America, and a total of 36 […]
Read More
Why the European Union’s tariffs on Chinese automakers may not work
By the end of October, the European Union will make a final decision on what some analysts call the biggest EU trade case against China in more than a decade. But automakers and countries are divided over whether to place tariffs — so far of up to 36.3% — on Chinese electric vehicles. A German […]
Read More
Saudi Arabia expects to get access to Nvidia’s high performance chips ‘within the next year’
Saudi Arabia is optimistic about gaining access to U.S. chipmaker Nvidia’s high-performance chips, which would enable it to develop and operate the most advanced artificial intelligence models. Speaking to CNBC on Thursday, a top official at the Saudi Data and AI Authority, Abdulrahman Tariq Habib, said the kingdom expected to make such a stride in […]
Read More
China threatens to retaliate over U.S. bill that could shutter Hong Kong trade offices
An exterior view of the U.S. Capitol in Washington, DC on September 9, 2024. Members of the Senate and U.S. House of Representatives return to the Nation’s capitol, following their August recess. Bonnie Cash | Getty Images News | Getty Images American lawmakers have passed a bipartisan bill that could eventually lead to the shuttering […]
Read More
Trump tariffs will fuel supply chain inflation and consumers will pay the price, trade experts warn
A cargo ship is sailing towards the docking of a foreign trade container terminal in Qingdao Port, Shandong province, in Qingdao, China, on June 7, 2024. Costfoto | Nurphoto | Getty Images Trade analysts are warning that new tariffs threatened by former President Donald Trump, which he doubled down on during Tuesday night’s presidential debate, […]
Read More
Harris says Trump ‘sold us out on China’: Highlights from the presidential debate on trade and tariffs
Former US President and Republican presidential candidate Donald Trump speaks during a presidential debate with US Vice President and Democratic presidential candidate Kamala Harris at the National Constitution Center in Philadelphia, Pennsylvania, on September 10, 2024. Saul Loeb | AFP | Getty Images Donald Trump and Kamala Harris clashed on China policy during the presidential […]
Read More
China begins anti-dumping probe into Canadian rapeseed
Cooking oils made from canola from Canada and soybeans are offered for sale at a grocery store on April 26, 2022 in Chicago, Illinois. Scott Olson | Getty Images China announced on Monday the start of a one-year anti-dumping investigation into imports of rapeseed from Canada, just weeks before Ottawa’s 100% tariffs on Chinese-made electric vehicles and other products come into force. […]
Read More
China hits Canada with anti-dumping probe on canola imports, Ottawa deeply concerned
Cooking oils made from canola from Canada are offered for sale at a grocery store on April 26, 2022 in Chicago, Illinois. Scott Olson | Getty Images China said on Tuesday it planned to start an anti-dumping investigation into canola imports from Canada, after Ottawa moved to impose tariffs on Chinese electric vehicles, lifting prices of domestic rapeseed oil futures to a one-month peak. Canadian Farm Minister Lawrence […]
Read More
China slams U.S. for adding firms to export control list over alleged support for Russian military
U.S. President Joe Biden and Chinese President Xi Jinping before a meeting during the Asia-Pacific Economic Cooperation leaders’ week in Woodside, California, Nov. 15, 2023. Brendan Smialowski | Afp | Getty Images China on Sunday said it “resolutely opposes” the U.S. decision to add multiple Chinese entities to its export control list in a bid […]
Read More
Replacing China in copper supply chain is ‘unfeasible,’ warns WoodMac, as the West seeks shift
A worker tying copper wire rods before loading them onto a truck in Huai’an, in China’s Jiangsu Province. Vcg | Visual China Group | Getty Images Western countries seeking to diversify away from China’s dominance in copper could delay the energy transition besides raising costs, while its complete replacement would be ‘unfeasible,’ according to Wood […]
Read More