Mexico has become the largest trading partner of the United States, surpassing China and Canada, according to the latest statistics released on July 12. The trade volume between the United States and Mexico reached $263 billion in the first four months of this year, said Luis Torres, a senior business economist at the Federal Reserve…
Mexico Replaces China as America’s Top Trade Partner, While China’s Foreign Trade Continues to Decline
July 14, 2023
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Asia & PacificBusiness & MarketsChinaChina Business & EconomyChina NewsChinese RegimeeconomyMexicotrade partnerUS-Canada-Mexico Trade AgreementWorldWTO
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After China Woke Up
June 15, 2023
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ChinaChina Newsdeveloping countryHong KongOpinionThreat from Communist ChinaUS-China relationsViewpointsWTO
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Commentary “Let China sleep. For when she wakes up, she will shake the world,” a quote generally attributed to Napoleon two centuries ago became relevant again after the turn of the millennium when the momentum of China’s reforms was increasingly felt around the world. The word “appetite” is used in “China Shakes the World” by…
Biden Admin Negotiating Deal to Give WHO Authority Over US Pandemic Policies | Facts Matter
The Biden administration is in the process of finalizing a deal that would give the World Health Organization (WHO) near-total authority to dictate America’s policies during a pandemic. Once this “legally binding” deal goes into effect, it will give the World Health Organization—the United Nations’s health agency based in Geneva—the authority to control what U.S. policies…
China and the World Trade Organization: A Misbegotten Alliance
Commentary On Dec. 11, 2001, China became a member of the World Trade Organization (WTO). This would have been impossible without American support. In retrospect, it was one of the worst decisions we ever made. To be clear, the United States supported China’s membership in the WTO and other international organizations based on its supposed…
US Rejects ‘Made in Hong Kong’ Label Against WTO Ruling
The United States has rejected the World Trade Organization’s (WTO) ruling against labeling products from Hong Kong as coming from China. Since the Chinese Communist Party (CCP) enacted the Hong Kong National Security Law at the end of June 2020, the United States decided that all Hong Kong goods exported to its territories should no…
Remove the Axis of Evil from the UN, World Bank, WTO, and the IMF?
Commentary During World War II, the Axis powers—Nazi Germany, Fascist Italy, and Imperial Japan—took on the free world with impunity. Arrayed against them were the Allies—the United States, the British Empire, and most of the Western world. With Russia’s invasion of Ukraine, the world again is squaring off in a struggle of good and evil….
China Weaponizes the WTO Against America
Commentary China just beat the United States at the World Trade Organization (WTO) on steel tariffs and is trying to do it a second time on computer chip export controls. On Dec. 12, China’s Ministry of Commerce filed a new WTO complaint against the controls. Beijing claims they are trade protectionism, when it should be obvious…
WTO Warns of ‘Real’ Recession Risk in Some Major Economies
November 16, 2022
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Asia & PacificBusiness & Marketseconomic policiesEconomieseconomyG20inflationInternationalMarketsrecessionWorldWTO
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NUSA DUA, Indonesia—The head of the World Trade Organization (WTO) warned on Wednesday that several major economies face a real risk of sliding into recession as the war in Ukraine, rising food and fuel costs, and soaring inflation cloud the global outlook. “It may not happen everywhere, but several key countries risk sliding into recession,”…
Europe Blames Washington of WTO Violation Following Incentives on Green Energy
November 7, 2022
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Business & Marketseconomic policieseconomyenergyEuropegreen energyinflationInternationalPolicies & ImpactsUSWashingtonWorldWTO
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The European Union (EU) has sent its first formal response against the U.S. Inflation Reduction Act (IRA) due to the billions of dollars worth of tax credits and subsidies set aside for local manufacturers. The IRA provides $369 billion in funds to climate and green energy policies, including tax credits to electric cars made in…
Europe Blames Washington of WTO Violation Over Green Energy Incentives
November 7, 2022
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Business & Marketseconomic policieseconomyenergyEuropegreen energyinflationInternationalPolicies & ImpactsUSWashingtonWorldWTO
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The European Union (EU) has sent its first formal response against the U.S. Inflation Reduction Act (IRA) due to the billions of dollars worth of tax credits and subsidies set aside for local manufacturers. The IRA provides $369 billion in funds to climate and green energy policies, including tax credits to electric cars made in…
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