Rhiannon Hoyle of The Wall Street Journal reports that the experience of steelmaking coal exporters and some other industries targeted by China suggests the trade relationship has suffered lasting damage. She writes: When China reopened its ports to Australian steelmaking coal in January, it soon ran up against a legacy of its two-year standoff with one of its biggest trading partners: The ships mostly weren’t coming back. Australian coal exporters had to cultivate new markets on the fly after being locked out of China when its leaders reacted angrily to former Australian Prime Minister … [Read more...]
Are Geopolitical Battles Making China More Self Sufficient?
Raffaele Huang and Asa Fitch of The Wall Street Journal tell its readers about how geopolitical battles are causing headaches for tech giant’s supply chains. They write: New U.S. export controls may compel artificial-intelligence giant Nvidia (NVDA) to cancel billions of dollars in next-year orders for its advanced chips to China, a move that could deprive Chinese tech companies of crucial AI resources. The Santa Clara, Calif.-based company had already finished delivering orders of its advanced AI chips to China for this year, according to people familiar with the matter, and was pushing … [Read more...]
U.S. Soybean Meal Shipments to Break Record in 2024
Kim Chipman and Tarso Veloso Ribeiro of Bloomberg are telling readers that oil from crushed soybeans is the key ingredient in green diesel. They write: Shipments of US soybean meal to other countries are expected to climb to a record high next year as more of America’s top oilseed crop is crushed for vegetable oil sought after to make green diesel. America’s soy meal, which is created along with oil during crushing of whole soybeans, is forecast to reach exports of 13.9 million tons in the 2023-24 season, the US Department of Agriculture said Monday. That would exceed the record 13.2 … [Read more...]
Australia Seeks to Reduce Reliance on China Critical Minerals
Rurika Imahashi of Nikkei Asia reports that Australia is doubling its funding to produce a stronger supply chain in order to reduce its reliance for critical minerals on China. He writes: Australia will expand financing for the critical minerals sector by 2 billion Australian dollars ($1.26 billion), Prime Minister Anthony Albanese said Wednesday, doubling its funding as the country looks to reduce reliance on China. Canberra created the AU$2 billion Critical Minerals Facility in 2021 to finance mining and processing projects by businesses. The government will double the money for this … [Read more...]
China and Australia Look to Resolve Wine Dispute
Rhiannon Hoyle of The Wall Street Journal reports Beijing’s review of its duties on Australian wine imports is expected to take five months. She writes: Australia—Australia will suspend a dispute with China before the World Trade Organization over antidumping duties on Australian wine after Beijing agreed to an expedited review of the measures, another sign of improving ties between the two countries. Beijing’s review of its duties on Australian wine imports is expected to take five months and Canberra will resume its dispute at the WTO if the duties aren’t removed at the end of the … [Read more...]
Chinese and Russian Leaders Celebrate Trillion-Dollar Belt and Road
Brian Spegele and Wenxin Fan of The Wall Street Journal, write that Xi and Putin are doubling down on the path to a new world order. They write: With one war raging in Ukraine and another unfolding in the Middle East, Chinese leader Xi Jinping is promoting his signature foreign-policy project as a force for unity, cooperation and prosperity around the globe. At a summit convened to celebrate the Belt and Road Initiative, a crucial building block in China’s rivalry with the West, the picture looked more fractured. The prominence given to Russian President Vladimir Putin at the … [Read more...]
Belt and Road Initiative Reboot
Jason Douglas of The Wall Street Journal writes that a decade after its launch, China is trying to revive its sprawling infrastructure program by making it a lot less risky. He writes: A reboot of the program is under way as Chinese leader Xi Jinping prepares to host a 10th anniversary bash for the Belt and Road Initiative in Beijing this week. The goal is to breathe new life into a project that remains central to China’s global ambitions after a rocky spell of bad debts and costly bailouts—while preventing a repeat of the excesses that contributed to those troubles in the first place. The … [Read more...]
Tensions Rise Over Metal Tariffs
By bird_saranyoo @Adobe Stock Kim Mackrael and Laurence Norman of The Wall Street Journal report that Trans-Atlantic tensions over metals tariffs are proving resistant to a resolution. They write: The Biden administration’s relationship with the European Union, a vital geopolitical ally in a time of crisis, is being tested by a Trump-era policy on metals tariffs that the White House had sought to unwind. Former President Donald Trump in 2018 slapped hefty tariffs on most U.S. steel and aluminum imports, citing national security as grounds. The move infuriated U.S. allies—including other … [Read more...]
India Chooses to Promote Coastal Trade. The US Should Too
Trade in the United States is disjointed by a rule that is meant to promote the American shipbuilding industry but instead hurts all the others. The Jones Act demands that trade traveling from one port to another in the U.S. must travel on ships built, owned, and operated by U.S. citizens or permanent residents. Since the American shipbuilding industry isn't competitive compared to those in other places in the world, the Act severely limits trade between ports. For instance, no liquified natural gas ships are built in the United States, so despite the massive amounts of LNG exported from Texas … [Read more...]
Profits Becoming Elusive in China
American companies are pulling back on investments in China as profits in the nation are becoming elusive. Yuka Hayashi reports in The Wall Street Journal: China has become a much tougher place to make money for American companies, a new survey found. Escalating bilateral tensions are affecting various aspects of U.S. companies’ operations in China, including losses in sales, declines in profits and canceled or delayed investments, according to a survey of the U.S.-China Business Council’s member companies. The ratio of companies expressing a pessimistic outlook on their China … [Read more...]
- « Previous Page
- 1
- …
- 4
- 5
- 6
- 7
- 8
- …
- 14
- Next Page »