US Commerce chief dismisses idea inflation spike will persist
U.S. Commerce Secretary Gina Raimondo dismissed the idea that the recent inflation surge will persist, saying it’s largely tied to economic reopening and supply bottlenecks.
US goods-trade gap widened to second-biggest on record in June
The U.S. merchandise-trade deficit widened to the second-biggest on record in June, reflecting a larger increase in imports that include costlier petroleum.
China move to fight sanctions gives Hong Kong banks new worry
China’s top legislative body will take the first steps toward imposing an anti-sanctions law on Hong Kong, local media reported, a move that could create…
Turkey resumes trade that made it Europe’s top trash destination
Turkey is reversing a short-lived ban on imports of some plastic waste, prompting environmental groups to warn of the threat posed to farmlands, air and…
EU pauses threat of legal action against U.K. over Brexit deal
The European Union has backed off a threat of imminent legal action against the U.K. over breaches of the Northern Ireland protocol of the Brexit…
Africa must build vaccine-making capacity, WTO chief says
African nations should build capacity to produce vaccines on the continent and work with pharmaceutical companies to ensure that the raw materials needed to produce…
China looks to more export tariffs to tame booming steel sector
China is considering imposing more tariffs on steel exports as it seeks to achieve twin goals of capping domestic production and taming the surging prices…
China’s export boom helps to widen regional growth gap
China’s rapid economic recovery in the first half of the year was fueled by manufacturing-heavy provinces on the eastern coastal line of the country, widening…
US, China leave room to talk after contentious meetings
The U.S. and China left open the possibility of a summit between their presidents, despite a contentious day of talks in which Beijing outlined a…
US removes Vietnam tariff threat after currency-dispute truce
The U.S. revoked the threat of tariffs on Vietnamese goods after the two nations reached an agreement under which the Asian nation will allow more…
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