Welcome to Balance of Power, bringing you the latest in global politics. If you haven’t yet, sign up here. Javier Milei need only lean out the window of the presidential palace in downtown Buenos Aires to be confronted with Argentina’s ties to China. Source link
SYDNEY (AP) — China has won a nearly three-year-long dispute with Australia at the World Trade Organization over tariffs on steel products that began during a low point of bilateral relations between the countries, and Australia’s trade minister said Wednesday his government accepted the ruling. Beijing took its complaint to the WTO in June 2021 … Read more
I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at the damp squibs that have been the week’s G-20 and WTO gatherings. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do … Read more
I’m Chris Anstey, a senior editor for economics in Boston, and today we’re looking at the reshaping of US trade patterns. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. US trade with … Read more
To get John Authers’ newsletter delivered directly to your inbox, sign up here. In The Hitchhiker’s Guide to the Galaxy, a giant computer called Deep Thought is programmed to calculate the answer to the ultimate question of life, the universe and everything. Millions of years later, its circuits finally reveal the answer to the humans … Read more
Is there any point in filing trade disputes against China at the World Trade Organization? For the US, the answer appears to be no, thanks to what Washington perceives as an unfair dispute-settlement system that’s also expensive, takes too long and doesn’t effectively change behavior in Beijing. Source link
New Delhi: After a reset triggered as part of the post-1991 liberalization process was completed, announcements on trade measures by the Indian government became boring, barely making the headlines. In the early-1990s, India’s peak tariff rate was in triple digits and dominated discussion on economic reform. By 2007-08, that peak rate had fallen to around … Read more
Bank of Japan Governor Kazuo Ueda said price growth remains slower than the central bank’s goal, explaining why officials are continuing with their current monetary-policy strategy. Policymakers from around the world have traveled to the resort town of Jackson Hole, Wyoming for a two-day economic symposium hosted by the Kansas City Fed. In a speech … Read more
Former President Donald Trump may have skipped the GOP debate last night, but details of his 2024 campaign’s strategy on trade are sharing the spotlight anyway. In an interview on Fox Business last week, Trump floated an automatic, 10% tariff on goods imported to the US from all countries. He likened the plan to “a … Read more
The Biden administration’s top trade officials are spending the second half of August in Asia for talks in a region that still accounts for half of America’s top 10 merchandise trading partners. Trade Representative Katherine Tai was in Indonesia today for meetings with the US-ASEAN Business Council and government officials. She’s heading to India for … Read more