The Australian government should consider cancelling the 99-year lease of the Darwin Port to China if the deal is found to undermine Australia’s national interest, according to a parliamentary committee’s recommendation. The Joint Standing Committee on Trade and Investment Growth on Wednesday released a report looking into Australia’s national interest and national security in trade and investment….
Australian Government Pushed to Take Back Darwin Port From Chinese Firm
GOP Senators Push Stripping China’s Preferential Trade Status to Protect US Workers, Condemn Rights Abuses
Republican senators on March 18 introduced a bill that would strip the Chinese regime of its trading privileges by revoking its permanent normal trade relations (PNTR) status in a bid to hold it accountable for its economic aggressions and human rights abuses. The bill, introduced by Sen. Tom Cotton (R-Ark.), would tie China’s eligibility to…
Senate Confirms Katherine Tai as Biden’s Top Trade Envoy
WASHINGTON—The Senate confirmed Katherine Tai as the top U.S. trade envoy in an overwhelming bipartisan vote on Wednesday. She will be the first Asian American and first woman of color to hold the position. Tai is considered a problem-solving pragmatist, and her nomination by President Joe Biden to be U.S. trade representative drew support from…
Tariffs Not on Top Agenda During US-China Meeting: Sullivan
Trade will not play a central role when the Washington delegation meets with their China counterparts in Alaska next week, National Security Adviser Jake Sullivan told reporters on March 12. Sullivan and Secretary of State Antony Blinken will join talks with China’s foreign minister Wang Yi and senior foreign policy diplomat Yang Jiechi on March…
German Industry Urges EU to Toughen Response to Unfair Chinese Trade Practices
March 12, 2021
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BERLIN-The European Union should take a tougher approach to protecting companies from unfair Chinese trade practices as Beijing is not keeping its promise to further open up its economy, Germany’s BDI industry association said on Thursday. China has become Germany’s most important trading partner and exports of “Made in Germany” goods to the country have…
Coalition of Australian Oil and Gas Giants Face $52.9 Billion Decommission
The ageing offshore oil and gas monuments stood proud over the vast Australian coast, where they played their part in powering the nation—now, they face a destiny of destruction. The Centre of Decommissioning Australia (CODA) announced on March 10 that it had set a target that will see the expensive oil and gas infrastructure removed…
Russia’s Push to Replace Aussie Coal in China an Empty Threat
March 9, 2021
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Asia & PacificAustraliaChinacoalenergyEnvironmentEuropeInternationalPresident Vladimir PutinRussiatradeWorld
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Russia is planning to exploit trade tensions between Australia and China to move large quantities of its low-quality coal into the Chinese market and the rest of Asia. Last week, Russian President Vladimir Putin met with industry executives and government officials to discuss plans for drastically increasing coal export to Asia by up to 30…
US Trade Deficit up 1.9 Percent in January on Record Goods Imports
SILVER SPRING, Md.—The level of imported goods to the U.S. in January reached unprecedented levels and pushed the trade deficit 1.9 percent higher as the coronavirus pandemic continues to distort global commerce. The gap between the goods and services the United States sold and what it bought abroad rose to $68.2 billion from $67 billion…
Biden Continues America First, Shuts Out Canada
Despite warmth and goodwill between the Trudeau government and the Biden administration, experts say improved diplomacy is unlikely to mean more economic opportunity for Canada. Prime Minister Justin Trudeau and U.S. President Joe Biden issued a Roadmap for a Renewed U.S.-Canada Partnership following their videoconference meeting on Feb. 23. They announced their shared priority to…
NTD Evening News Full Broadcast (March 2)
Texas’s governor announces he will fully reopen the state and get rid of mask mandates, President Joe Biden and Mexico’s president hold their first meeting, and bipartisan calls for New York’s Governor to resign are growing.
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