By Francesco Guarascio HANOI (Reuters) – As the United States intensifies efforts to reduce trade with China by hiking tariffs, it has greatly boosted imports from Vietnam, which relies on Chinese input for much of its exports, data show. The surge in the China-Vietnam-U.S. trade has vastly widened trade imbalances, with the Southeast Asian country […]
(Bloomberg) — Chinese buyers are temporarily shunning Russian aluminum, as commercial realities intrude on the push to deepen bilateral trade ties. Most Read from Bloomberg Sanctions imposed on Russian base metals last month by the top UK and US exchanges are expected to drive more aluminum sales to China, the world’s biggest consumer of the […]
After criticizing former president Donald Trump for promising to amp up tariffs on imports if he wins the 2024 election, the White House on Tuesday announced its own round of tariffs targeted at a variety of Chinese good. President Joe Biden has said Trump’s ideas would worsen inflation, because the tariffs the Republican has proposed […]
(Reuters) -U.S. President Joe Biden on Tuesday unveiled steep tariff increases on an array of Chinese imports, including electric vehicle (EV) batteries, computer chips and medical products. Following are reactions to the move. ELISSA PIERCE, RESEARCH ASSOCIATE, WOOD MACKENZIE “U.S. solar manufacturers are still relatively dependent on China for other module components, such as glass […]
President Biden is set to impose increased tariffs on $18 billion worth of annual Chinese imports. The tariffs will apply to Chinese electric vehicles, semiconductors, solar cells, and more. How will these changes affect prices for consumers? Yahoo Finance Senior Columnist Rick Newman and Autos Reporter Pras Subramanian join Wealth! to discuss the new protective […]
By Timothy Gardner WASHINGTON (Reuters) – President Joe Biden signed a ban on Russian enriched uranium into law on Monday, the White House said, in the latest effort by Washington to disrupt President Vladimir Putin‘s invasion of Ukraine. The ban on imports of the fuel for nuclear power plants begins in about 90 days, although […]
STORY: China’s imports and exports returned to growth in April – after contracting the previous month. It signals an encouraging upturn in domestic and overseas demand, as Beijing tries to shore up a shaky economy. The data suggests a slew of support measures may have helped to stabilise both investor and consumer confidence. But analysts […]
WASHINGTON — President Joe Biden is warning that a new surge of cheap Chinese products poses a threat to American factories. There is little sign of one in official trade data, which show that Chinese steel imports are down sharply from last year and that the gap between what the United States sells to China […]
Germany exported more electric cars than it imported in 2023, the Federal Statistical Office reported on Monday. Last year, 786,000 vehicles were exported compared to 446,000 imported from other countries, the office said. At €36 billion ($39 billion), exports were also well ahead of imports, which totalled €14.1 billion. The most important importer was China […]
The number of avocados imported into Germany last year amounted to 157,800 tons, marking a quintupling in volume over the past decade, figures released on Tuesday showed. Britta Pedersen/dpa-Zentralbild/ZB The number of avocados imported into Germany last year amounted to 157,800 tons, marking a quintupling in volume over the past decade, figures released on Tuesday […]
By Ellen Zhang and Joe Cash BEIJING (Reuters) -China’s exports contracted sharply in March while imports unexpectedly shrank, undershooting forecasts by big margins, highlighting the stiff task facing policymakers as they try to bolster a shaky economic recovery. The dour data represented a setback for the world’s second-largest economy after a generally better-than-expected start to […]
BUDAPEST, Hungary (AP) — Hungary’s government will place new restrictions on the import of Ukrainian agricultural products, the country’s agricultural minister said Thursday, a move designed to protect Hungarian farmers from market fluctuations caused by cheaper Ukrainian imports. Agricultural Minister István Nagy told a news conference that a 2022 European Union decision to allow for […]