World Trade Organization ruling and Canadian response to US aluminium tariff illustrate how unilateralism is pushing against its limits and only appreciated by the president and his fellow White House hawks
European Commission president Ursula von der Leyen announces investigation into alleged dumping of EVs during annual policy speech amid fears in Europe that Beijing’s industrial policy is undermining ability to compete in innovative sectors.
The highest preliminary anti-dumping duties of 122.5 per cent will be imposed on imports from China, including its largest producer, Baoshan Iron and Steel.
New 24-point list of guidelines covers areas of major focus where investors are likely to find opportunities, but relations between China and the West are a growing concern among business interests.
In the short term, analysts are not optimistic about an improvement in relations, given friction over Taiwan, the tech war, the South China Sea and human rights issues as well as the pressing US presidential election cycle.
Sweden remains one of only nine in the European Union that have no legal possibility of blocking foreign investments on security grounds
Move involving tariffs, export controls, quotas or market entry freezes gained popular support after China’s unofficial boycott of Lithuanian goods.
Washington also appealed a ruling that it was flouting international trade rules by labelling imports from Hong Kong as being from China.
EU is unsettled by multi-billion-dollar US Inflation Reduction Act that lavishes subsidies and tax cuts for US purchasers of electric vehicles if they ‘Buy American’.
The biggest takeaway from the reported discussions is that ‘trade policy and climate policy are growing increasingly intertwined’, but it’s still unclear whether European Union will risk hurting its relationship with China.
The international body says the duties on steel and aluminium imports breach global trading rules; China says it hopes the US will respect the panel ruling and correct its ‘wrongful’ conduct.
Washington looking to cut reliance on countries that ‘present geopolitical and security risks’, says American treasury secretary in swipe at Beijing.
The president was speaking at the start of the China International Import Expo, where some 3,000 foreign companies will display their latest products and technologies, up 3.4 per cent from last year.
After Taiwan’s president heralds trade talks with the United States as a ‘golden opportunity’ to boost economy, some analysts say that reducing the self-ruled island’s exposure to mainland China may be impossible.
The deal was the latest in a series of efforts by President Joe Biden to settle trade spats with US allies, some of which were long-running and others started under the Trump administration.
The measures, part of Trump’s ‘America First’ trade push, were designed to shield US appliance manufacturers from a surge in imports, mainly from South Korean rivals Samsung Electronics and LG Electronics.
The move comes as the US seeks to mend ties damaged under the previous president and to ‘fight against China’s unfair trade practices’.
The steel tariffs were first put in place in 2016, when the United Kingdom was a member of the European Union and are among dozens of trade measures under review following Britain’s exit from the trade bloc.
A free-trade deal with its closest ally United States was meant to be one of the big prizes for the UK after Brexit.
Anne-Marie Trevelyan will meet US Trade Representative Katherine Tai and US Commerce Secretary Gina Raimondo in Washington on Tuesday.
US officials take aim at China ‘trade distortions’ as Commerce Secretary Gina Raimondo prepares for her first official Asia trip.
Negotiators reached an agreement on Saturday, said US national security adviser Jake Sullivan, speaking on the sidelines of the G20 summit in Rome.
The Biden administration will host EU trade chief Valdis Dombrovskis in Pittsburgh, Pennsylvania, this week for the inaugural meeting of the US-EU Trade and Technology Council.
European leaders have concerns about the US president’s hawkish approach toward China, as well as tariffs and travel bans, all continuing from the Trump era.
SK Innovation agreed to pay US$1.8 billion to LG Energy Solution, a unit of LG Chem, discontinue other lawsuits elsewhere, and freeze legal actions for 10 years.