Biden team defends China tariffs amid debate to trim some duties
The US government defended additional tariffs on hundreds of billions of dollars of Chinese goods imposed under Donald Trump, just as President Joe Biden assesses…
US to stop TSMC, Intel from adding advanced chip fabs in China
As the US Congress passed an historic $52 billion federal program to boost domestic chipmaking capabilities, it included one significant caveat: Companies that receive the…
Soaring US diesel exports underscore global fuel vulnerability
A worldwide diesel supply crunch is making more of the world dependent on US fuel exports, a situation that could worsen heading into the winter.
South Africa suspends chicken tariffs to ease price pressures
South Africa has halted tariffs on poultry for 12 months as part of measures to ease food inflation.
China’s huge trade surplus counteracts outflow pressure from Fed
China’s massive trade surplus helped to offset capital outflows in the first half of the year, anchoring its balance of payments even as the Federal…
US sanctions companies it says help to transport Iranian oil
The US sanctioned four companies associated with the shipping of Iranian oil and petrochemicals from Iran to East Asia, operations that officials said comprised tens…
Korea exports extend gains, suggesting global resilience
South Korea’s exports extended gains in July, suggesting ongoing resilience in a global economy that’s under pressure from elevated energy prices, rising interest rates and…
US quietly tightens grip on exports of chipmaking gear to China
The US is tightening restrictions on China’s access to chipmaking gear, according to two major equipment suppliers, underscoring Washington’s accelerating efforts to curb Beijing’s economic…
Pakistan July imports decline amid efforts to bridge trade gap
The value of Pakistan’s imports in July declined to $5 billion from $7.7 billion last month, reflecting the government’s efforts to stem the country’s “large”…
Malaysia has oversupply of chicken, can export surplus, minister says
Malaysia now has an oversupply of chicken and can resume exports to other countries, according to Minister of Agriculture and Food Industries Ronald Kiandee.
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