International Trade

International Trade

AJOT | Top Story | December 08, 2021

Commerce adds export controls on Cambodia to address corruption, human rights abuses and regional security concerns

Today the Department of Commerce (Commerce) announced new restrictions to address human rights abuses and corruption by Cambodian government actors, including the military, as well as the growing influence of the People’s Republic of China’s military in Cambodia.

Africa free-trade pact could counter Covid-19 impact on growth, UN says

Bloomberg | December 08, 2021 | International Trade

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US Chip Act should include foreign firms, trade group says

Bloomberg | December 08, 2021 | International Trade

A major trade group urged Washington to make a $52 billion grant for the semiconductor industry available to foreign companies as well as domestic ones.

South African business mood worsens after Covid curbs hit trade

Bloomberg | December 08, 2021 | International Trade

EU warns US electric-vehicle subsidies may inflame tensions

International Trade

Bloomberg | Top Story | December 07, 2021

EU warns US electric-vehicle subsidies may inflame tensions

The European Union warned U.S. congressional leaders and members of President Joe Biden’s administration that the aggressive use of electric-vehicle credits in the pending Build Back Better Act could run afoul of international trade rules and create “friction” in the transatlantic relationship.

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Yellen says lifting output may need protectionist-like steps

Bloomberg | December 07, 2021 | International Trade

Treasury Secretary Janet Yellen said that U.S. reliance on foreign supply chains has proved a vulnerability and that the country needs to produce more critical goods domestically in order to protect both its economic and national security.

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China’s exports and imports hit new records on strong demand

Bloomberg | December 07, 2021 | International Trade

China’s exports and imports grew faster than expected in November, with both hitting records as external demand surged ahead of the year-end holidays and domestic production rebounded on an easing power crunch.

Europe’s new trade weapon faces hurdles before it’s unveiled

Bloomberg | December 07, 2021 | International Trade

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US trade gap shrinks for first time since July on export surge

Bloomberg | December 07, 2021 | International Trade

The U.S. trade deficit narrowed in October for the first time since July, reflecting a sharp increase in exports and suggesting that foreign demand for goods is on the rise.