Bloomberg | May 24, 2022 | International Trade | Commodity
Malaysia’s government met with the country’s biggest poultry producers to discuss subsidies and ensure continuity of local supply as the nation moved to ban exports of chicken in the latest food protectionist move in the region.
Bloomberg | May 24, 2022 | International Trade
Clothing companies and gadget makers are among manufacturers across Asia seeing early signs of cooling demand from their global customers as soaring inflation takes hold.
Food protectionism is on the rise in the developing world as governments try to safeguard local supplies, and the effects are threatening to spill over into richer economies.
Bloomberg | May 23, 2022 | International Trade
AJOT Newsroom | May 23, 2022 | International Trade
Bloomberg | May 23, 2022 | International Trade | Commodity
Malaysia will halt exports of 3.6 million chickens a month from June 1 and scrap the approved permit requirement for importing wheat until production and prices stabilize, Prime Minister Ismail Sabri Yaakob said.
US President Joe Biden said he’ll review Trump-era tariffs imposed on imports from China amid growing calls from businesses to remove the levies, fueling a rally in the offshore yuan.
Joe Biden talked at length as a presidential candidate about the need to focus on China’s rising global power. Yet 17 months after taking office, Asian leaders are still waiting for details on a strategy for more US economic engagement in the region.
Bloomberg | May 23, 2022 | Air Cargo | Airlines | International Trade
Chinese Foreign Minister Wang Yi said the US’s Indo-Pacific strategy is “doomed to fail,” making his remarks while President Joe Biden is in the region to increase engagement with allies and counter China’s rise and influence.
Bloomberg | May 22, 2022 | International Trade
US trade chief Katherine Tai met Taiwanese Minister Without Portfolio John Deng to discuss opportunities to deepen the nations’ economic relationship in the same week China’s top diplomat warned Washington it’s heading down the “wrong road” with its support for the island.
President Joe Biden called the U.S-South Korea alliance “a lynchpin of peace, stability, and prosperity” during a visit Friday to a Samsung Electronics Co. semiconductor complex as he seeks to bolster supply chains that reduce reliance on China.
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