International Trade

US revokes Intel, Qualcomm licenses to sell chips to Huawei

International Trade

Bloomberg | Top Story | May 08, 2024

US revokes Intel, Qualcomm licenses to sell chips to Huawei

The US has revoked licenses allowing Huawei Technologies Co. to buy semiconductors from Qualcomm Inc. and Intel Corp., according to people familiar with the matter, further tightening export restrictions against the Chinese telecom equipment maker.

Qualcomm dips on report that US is tightening chip export rules

Bloomberg | May 07, 2024 | International Trade

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Strong dollar forces a rethink of exports-currency rule in Korea

Bloomberg | May 07, 2024 | International Trade

A rapid weakening of the South Korean won is creating headaches for some of the country’s exporters that have typically benefited from a competitive exchange rate.

USTR announces Beck as Acting Assistant U.S. Trade Representative for WTO and Multilateral Affairs

AJOT | May 07, 2024 | International Trade

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A Stock Trader’s Guide to Xi’s Europe visit amid trade tensions

Bloomberg | May 07, 2024 | International Trade

Chinese businesses from electric vehicles to infrastructure have much at stake from President Xi Jinping’s visit to Europe this week as trade tensions simmer.

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The world’s hunger for salmon is linked to an ecological disaster

Bloomberg | May 06, 2024 | International Trade

The famous Scandinavian fish may be leading to the extinction of another and the livelihoods of the region’s small-scale fishers.

EU says ready to use all trade tools to defend against China

Bloomberg | May 06, 2024 | International Trade

India scraps pulses import tax to cool prices amid election

Bloomberg | May 06, 2024 | International Trade

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European steel mills waver on decarbonization despite promise of public funding/ Rystad Energy

AJOT | May 03, 2024 | Energy | International Trade | Commodity

As the energy transition continues at pace, reducing the carbon footprint of traditionally high-emitting industries is increasingly crucial to limiting global emissions.

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Yen’s sustained weakness frustrates even Japanese exporters

Bloomberg | May 03, 2024 | International Trade

Japan’s companies are expressing unusual discomfort with the weak yen, just as the country’s government appears to be stepping in to prop up its tumbling currency.

Turkey halts all trade with Israel over war in Gaza

Bloomberg | May 02, 2024 | International Trade

French cognac producers push for deal on China dumping probe

Bloomberg | May 02, 2024 | International Trade

US sanctions firms in China, UAE for support of Russia’s war

Bloomberg | May 02, 2024 | International Trade

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Canada unexpectedly flips to deepest trade deficit since June

Bloomberg | May 02, 2024 | International Trade

Canada recorded a goods trade deficit of C$2.28 billion ($1.7 billion) in March, the widest since June 2023 and missing expectations in a Bloomberg survey for a C$1.21 billion surplus.

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South Korea’s export growth picks up, led by record US demand

Bloomberg | May 01, 2024 | International Trade

South Korea’s export growth accelerated last month, led by record demand from the US fed by strong economic momentum as China struggles to recover from a domestic slump.

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Mexico tariffs on steel, plastics to affect 7% of total imports

Bloomberg | May 01, 2024 | International Trade | Commodity

Mexico’s decision to slap tariffs on some goods from countries with which it doesn’t have trade agreements will only affect about $48 billion of the country’s imports, around 7% of the total, according to a Finance Ministry official.

Senate passes Russian uranium import ban, sending to Biden

Energy

Bloomberg | Top Story | May 01, 2024

Senate passes Russian uranium import ban, sending to Biden

The Senate voted Tuesday evening to approve legislation banning the import of enriched uranium from Russia, sending the measure to the White House which has said it supports efforts to block the Kremlin’s shipments of the reactor fuel.