International Trade

US deepens China solar tariff probe with scrutiny of 8 firms

International Trade

Bloomberg | Top Story | May 18, 2022

US deepens China solar tariff probe with scrutiny of 8 firms

The US Commerce Department is deepening its probe into whether solar power companies are circumventing import tariffs, singling out some of the industry’s giants for increased scrutiny.

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Biden team eases Cuba stance on flights, remittances, visas

Bloomberg | May 18, 2022 | Air Cargo | Airports | International Trade

The Biden administration on Monday said it would warm US ties with Cuba, announcing an expansion of flights to the island, the restoration of an immigration program and more support for Cuban businesses, in a reversal of Donald Trump’s approach to Havana.

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UK expects to secure six trade deals with US states this year

Bloomberg | May 18, 2022 | International Trade

The UK expects to secure about six trade deals with US states by the end of the year, as discussions with President Joe Biden’s administration over a wider free trade agreement remain frozen.

China’s metal exports storm higher to fill gap left by war

Bloomberg | May 18, 2022 | International Trade | Commodity

Made-in-China Penfolds Wine will dodge crippling import tariffs

Bloomberg | May 18, 2022 | International Trade

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Ukraine says sea blockade threatens global food security

Blockaded ports in Ukraine are threatening global food security, as the country struggles to reroute grain shipments due to bottlenecks caused by Russia’s invasion, according to Ukrainian officials.

Wheat rallies on adverse weather, even as India eases export ban

Bloomberg | May 17, 2022 | International Trade | Commodity

Biden to launch Indo-Pacific economic plan in next days in Japan

Bloomberg | May 17, 2022 | International Trade

April retail sales grew with consumers ‘taking higher prices in stride’

AJOT | May 17, 2022 | International Trade

India tweaks wheat ban to let trade meet some commitments

Bloomberg | May 17, 2022 | International Trade | Commodity

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UK to set out plan to break Brexit deal Unless EU backs down

Bloomberg | May 17, 2022 | International Trade

The UK will lay out its plan to amend its post-Brexit trade deal Tuesday in a direct challenge to the European Union, which is insisting that Prime Minister Boris Johnson must honor the agreement he signed.

US, European firms rethink China investment after lockdowns

Bloomberg | May 17, 2022 | International Trade

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Yellen urges US-Europe cooperation to reduce China vulnerability

Bloomberg | May 17, 2022 | International Trade

Treasury Secretary Janet Yellen said that western democracies have become “too vulnerable” to countries that use their market positions as geopolitical leverage, and called for the US and Europe to coordinate their approach toward China after having united against Russia.

UK plans law to override Brexit deal in challenge to EU

Bloomberg | May 17, 2022 | International Trade

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Elephant trade curbs spur Africa to seek a common stance

Bloomberg | May 17, 2022 | International Trade

African nations from Senegal to Botswana will seek to formulate a continent-wide position on the trade in live elephants and ivory, an attempt to counter restrictions imposed by the United Nations Convention on International Trade in Endangered Species of Wild Fauna and Flora, or CITES.

Palm oil farmers rally to protest Indonesia’s export ban

Bloomberg | May 17, 2022 | International Trade | Commodity

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US-EU trade, technology disputes persist despite unity on Russia

Bloomberg | May 17, 2022 | International Trade

The US and EU celebrated a transatlantic partnership reinvigorated in part by its unprecedented cooperation against Russia’s invasion of Ukraine, but the public unity masks festering trade and technology disputes.

Johnson pledges ‘legislative solution’ to amend Brexit deal

Bloomberg | May 17, 2022 | International Trade

US plans to boost penalty on Russia, China export violations

International Trade

Bloomberg | Top Story | May 16, 2022

US plans to boost penalty on Russia, China export violations

The US plans to increase the penalties for companies violating rules that limit export of products that threaten national security, an effort recently focused on countries including Russia and China, according to a top Biden administration official.

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US-China fight may spoil global deal for a Covid vaccine-patent waiver

Bloomberg | May 16, 2022 | International Trade

A brewing trade fight between the US and China may unravel a nearly two-year effort to ease intellectual-property rules for producing Covid-19 vaccines and cast further doubt on the World Trade Organization’s reputation as a negotiating forum.