CALAIS, France—French fishermen temporarily blockaded the port of Calais and Channel Tunnel rail link in an effort to disrupt trade between Britain and the continent on Friday, escalating a row over licences to fish in British waters. Fishing rights plagued Brexit talks for years due to their economic importance and political significance for both President…
Biden’s China Trade Policy Should Be Revised Put More Effective Pressure on Beijing: Experts
News Analysis Tariffs on products and goods imported from or exported to China have undeniably sent a strong message to Xi Jinping’s regime about its chronic human rights abuses and violations of the terms of its World Trade Organization (WTO) membership. Though they are well-intentioned and have had some impact on Beijing’s conduct, it may…
The One Country That Can Replace China as the World’s Factory
Commentary For far too long, China has been the “world’s factory.” That sweater you’re wearing, check the tag. Does it say “Made in China”? Everything, it seems, is made in China—the Walmart of the World. Last year, as other countries were crippled by the pandemic, China’s manufacturing output, according to a Time report, was $3.854 trillion, “accounting for nearly a third…
US Confident on Developing Business Framework With Indo-Pacific Partners: Commerce Chief
November 18, 2021
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Asia & PacificBusinessBusiness & EconomyCompanieseconomic policiesEconomieseconomyframeworkGina RaimondoGold & CommoditiesPacifictradeUSUS NewsWorld
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KUALA LUMPUR—The United States is confident about developing a framework with Indo-Pacific partners to strengthen business and workforce, U.S. Commerce secretary Gina Raimondo said on Thursday. Raimondo said in a teleconference call that the framework was not envisioned as a typical free trade deal, and must be inclusive, flexible so many countries can participate.
US, Japan to Rebuild Trade Ties With New Forum, Meetings
November 18, 2021
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Asia & PacificChinaInternationalpartnershiptradeUSUS NewsUS-China relationsUSTRWorldYoshimasa Hayashi
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WASHINGTON—The United States and Japan announced on Wednesday a new trade partnership to boost cooperation on labor, environment, and digital trade issues, with an emphasis on “third country concerns,” a reference to China’s state-driven economic policies. U.S. Trade Representative Katherine Tai, who is in Tokyo to meet with new Japanese government ministers, said initial meetings…
US, EU, Japan to Renew Partnership Against Non-Market Economic Practices
The United States, the European Union, and Japan announced on Nov.17 to renew a trilateral partnership to address challenges posed by the non-market policies and practices of third countries. The U.S. Trade Representative Katherine, European Commission Vice President Valdis Dombrovskis, and Japanese Trade Minister Koichi Hagiuda said they intended to meet in person on the…
Japan, US Agree to Start Talks on Additional Steel, Aluminum Tariffs
November 15, 2021
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aluminumAsia & PacificBusiness & Economyeconomic policiesEconomieseconomyGold & CommoditiesJapansteeltalkstariffstradeUSUS NewsWorld
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TOKYO—Japan and the United States have agreed to start discussions aimed at tackling additional U.S. tariffs on Japanese steel and aluminum imports during a bilateral meeting in Tokyo, Japan’s industry ministry said on Monday. The meeting was held between Japan’s Industry Minister Koichi Hagiuda and U.S. Commerce Secretary Gina Raimondo, but a ministry official said…
US Right to Refuse RCEP Trade Deal Favoring China
November 11, 2021
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AnalysisChinaChina Business & EconomyInternational RelationsOpinionRCEPThinking About ChinatradeUS-China relations
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News Analysis China stands to be the big winner of RCEP, and it would have won even more if the United States had joined the multilateral trade deal. “With the RCEP going ahead officially, China will now be able to drive trade on its terms,” according to the South China Morning Post (SCMP), claiming that…
China’s RCEP Trade Deal Is a Trojan Horse for the Political Integration of Asia
November 10, 2021
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AnalysisChinaChina Business & EconomyInternational RelationsOpinionRCEPThinking About ChinatradeTrojan Horse
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News Analysis Beijing is pushing hard for the quick execution of its RCEP free trade deal that will bind U.S. allies that signed up—including Japan, Australia, New Zealand, South Korea, and the Philippines—ever closer to the Chinese Communist Party (CCP). China’s Ministry of Commerce (MOFCOM) is pushing for the quick implementation of Beijing’s “binding” free…
Ireland Dusts Off Brexit Contingency Plans as Trade Tensions Mount
November 9, 2021
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BritainBusiness & Economyeconomic policiesEconomiesemergencyIrelandIrishmeasuresministertradeUKWorld
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DUBLIN—Irish government ministers have met to dust off contingency plans in case disagreements between Britain and the European Union trigger major trade disruption, deputy prime minister Leo Varadkar said on Tuesday. The European Union last week said that Britain had made no move to seek a compromise on post-Brexit trade with Northern Ireland and cautioned…
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