カテゴリー: International trade
China sold goods worth about $148bn to EU in first quarter of year, but imported just $65bnThe EU is experiencing a prolonged “China shock” as a flood of Chinese EVs into Europe helped push Beijing to a record surplus with the bloc.New data showed Chin…
Wide-ranging deal will cut tariffs to zero over seven years as Modi hails ‘largest free trade agreement’ in India’s historyThe European carmakers’ association has welcomed the EU’s trade deal with India, saying it sent “a strong statement of intent by …
US president says tariffs on automobiles, lumber and pharmaceuticals will rise to 25%, accusing Seoul of not living up to a trade deal struck last yearDonald Trump has said he is raising tariffs on South Korean goods including automobiles, lumber and p…
PM’s visit to Beijing seen as a welcome reset to relations in a ‘new world order’ but critics worry what trade deal could mean for Canadian workersMark Carney’s trip to Beijing this week secured what he described as a “preliminary but landmark” trade d…
Mark Carney holds talks with Xi Jinping on rare Beijing trip as Canada seeks to diversify trade links away from USBusiness live – latest updatesCanada’s prime minister, Mark Carney, has hailed a “new strategic partnership” with China as he held talks i…
Beijing’s push to dominate technology through state-backed industrial policy is reshaping global trade and could devastate European industryEmmanuel Macron came back from China in early December empty-handed. The French president’s appeal to his Chines…
Beijing’s push to dominate technology through state-backed industrial policy is reshaping global trade and could devastate European industryEmmanuel Macron came back from China in early December empty-handed. The French president’s appeal to his Chines…
Booming Chinese exports have driven trade surplus past $1tn but also reveal the extent of country’s reliance on foreign marketsA boom in exports that has pushed China’s trade surplus past $1tn for the first time reveals the extent to which its economy …
Beijing reimposes 2023 ban, citing Japan PM’s comment that military would respond to Chinese attack on islandChina has suspended imports of Japanese seafood again, as the fallout over the Japanese prime minister’s comments about Taiwan continues to esc…
Mark Carney warns Asia-Pacific leaders global economy undergoing profound change, as China’s president mounts defence of free tradeThe Canadian prime minister, Mark Carney, has warned that the era of free trade and investment that formed the foundation…
Treasury secretary Scott Bessent raises possibility of taking more direct stakes in companies to protect national security in wake of Beijing’s curbs on rare earths exportsThe Trump administration has criticised China’s increased restrictions on rare e…
Tightened grip on minerals used in smartphones and fighter jets coincides with tense US-China trade talksBusiness live – latest updatesChina has increased restrictions on exports of rare earths and related technologies as Beijing tightened its grip on …
Textiles, footwear, jewellery, gems and seafood are sectors most affected in trade with US, India’s biggest marketIndia has long been one of the world’s great garment houses, turning out everything from cheap T-shirts to intricate embroidery. Last year…
China seizes on opportunity for geopolitical realignment after India was hit with one of US’s harshest trade penaltiesThey stood together like old friends, heads thrown back in jovial laughter, clutching one another’s hands affectionately. Except this …
Likened to a ‘trade embargo’ and an ‘earthquake’, it could cut exports from affected sectors by as much as 70%Donald Trump’s tariffs of 50% have come into force on most US imports from India. The US president followed through on his threat to punish on…