Goodyear Tire & Rubber Co. convinced an Ohio federal judge to throw out a $64 million jury verdict over its alleged theft of trade secrets related to self-inflating tires. U.S. District Judge Sara Lioi said most of the trade secrets that Czech company Coda Development SRO accused Goodyear of stealing were too vague to be…
UK Unveils Plans for Streamlined Post-Brexit Trade Checks With EU
The British government has set out plans for how post-Brexit border checks will work, which have been repeatedly delayed since the UK officially withdrew from the bloc more than two years ago. Britain left the EU’s single market in January 2021, but the government has delayed full implementation of border controls on multiple occasions because…
EU Leaders Head to China for Delicate Talks on Ukraine, Trade
April 4, 2023
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BEIJING—European Union executive head Ursula von der Leyen and French President Emmanuel Macron are to land in China on Wednesday seeking to “reset” ties with an important economic partner while broaching thorny issues like Ukraine and trade risks. Macron last visited China in 2019 while it will be von der Leyen’s first trip since becoming…
Brazil-China Yuan Trade Deal Not a Game Changer
Commentary According to a statement by the Brazilian government, Brazil and China reached an agreement on March 29 to conduct trade in their own currencies rather than the U.S. dollar. No details have been released on how this will work or if it applies to all trade between the two countries. All that has been made…
Ravens QB Lamar Jackson Says He Requested Trade
Baltimore quarterback Lamar Jackson took to social media Monday morning to announce that he requested a trade from the Ravens earlier this month. Jackson tweeted just as Ravens coach John Harbaugh sat to meet with reporters at the owners meetings in Phoenix. “As of March 2nd I requested a trade from the Ravens organization for…
Capitol Report: Biden Approves Releasing COVID Intel, Blocks DC Crime Reform
President Joe Biden signs a bill to declassify intelligence on COVID origins. Biden blocks the D.C. crime bill. Some say Biden wants to appear more moderate ahead of the 2024 election. No indictment took place on Tuesday for former President Donald Trump—the decision is delayed until possibly next week. The New York grand jury prepares…
China’s Trade Contracts as Western Demand Weakens
BEIJING—China’s trade contracted again in January and February as U.S. and European demand weakened in the face of interest rate hikes. Exports sank 6.8 percent from a year earlier to $506.3 billion, an improvement over December’s 10.1 percent decline, customs data showed Tuesday. Imports fell 10.2 percent to $389.4 billion, deepening December’s 7.3 percent contraction. China’s…
US Blacklists 37 Companies, Including China’s BGI, Inspur
March 6, 2023
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The Biden administration on Thursday added 37 companies to a trade, including units of Chinese genetics company BGI and Chinese cloud computing firm Inspur, in a move that promises to further ratchet up tensions with Beijing. The Commerce Department, which oversees export controls, added BGI Research and BGI Tech Solutions (Hongkong), over allegations that the…
Senate Committee Investigates China’s ‘Trade Cheats’ Hurting American Industry
The U.S. Senate Finance Committee on Feb. 16 held a hearing on “Ending trade that cheats American workers by modernizing trade laws and enforcement, fighting forced labor, eliminating counterfeits, and leveling the playing field.” Much of the hearing, which was gaveled in by Chairman Ron Wyden (D-Ore.), focused on the ways that China exploits trade…
EU Debates 11 Billion Euro Worth of Trade Curbs in New Russia Sanctions
BRUSSELS—Representatives of the 27 European Union countries meet in Brussels on Wednesday to discuss a new batch of sanctions against Russia, which the head of the bloc’s executive said could cost 11 billion euros ($11.8 bln) in lost trade. The bloc is expected to agree new sanctions to mark the one-year anniversary of Russia’s invasion…
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