International Trade

Xi hosts Arab leaders as China-Mideast ties widen beyond trade

Bloomberg | May 28, 2024 | International Trade

https://www.ajot.com/images/uploads/article/Applied_Materials_1.jpg

US extends investigation into chip-gear maker Applied Materials

Bloomberg | May 28, 2024 | International Trade

The US Department of Commerce is continuing an investigation into Applied Materials Inc.’s shipments to Chinese customers, part of a broader effort to ensure that increasingly strict trade restrictions against the Asian nation are effective.

https://www.ajot.com/images/uploads/article/Biden_speaking_1.jpg

Biden to end tariff exclusions on hundreds of Chinese products

Bloomberg | May 28, 2024 | International Trade

President Joe Biden plans to extend tariff exemptions on hundreds of products from China for two weeks as a transition period before reimposing duties on some of them, and will continue exclusions for some others until the middle of next year, the office of the US Trade Representative said.

EU, Australia sign critical minerals pact to diversify supply chains

Bloomberg | May 28, 2024 | International Trade | Commodity

https://www.ajot.com/images/uploads/article/Chrystia_Freeland.jpg

China can’t use Canada as trade path for cheap goods, Freeland says

Bloomberg | May 28, 2024 | International Trade

Canada won’t allow itself to become a foothold for oversupplied Chinese goods that could pass through to its democratic allies, Finance Minister Chrystia Freeland said.

China firms seek dumping probe for EU pork, Global Times says

Bloomberg | May 28, 2024 | International Trade | Commodity

https://www.ajot.com/images/uploads/article/UNCTAD_1.jpg

UN Global Supply Chain Forum calls for resilience amid world trade disruptions

AJOT | May 28, 2024 | International Trade

The inaugural United Nations Global Supply Chain Forum, hosted by UN Trade and Development (UNCTAD) and the Government of Barbados, convened from 21 to 24 May 2024.

https://www.ajot.com/images/uploads/article/Chen.jpg

TSMC’s foreign investments are good for Taiwan, official says

Bloomberg | May 28, 2024 | International Trade

A planned move by Taiwan Semiconductor Manufacturing Co. to locate some of its chipmaking facilities abroad will be “very beneficial” for Taiwan because it will let the chipmaker work more closely with customers and help it recruit the best talent, according to a senior government official.

https://www.ajot.com/images/uploads/article/Russia_wheat.jpg

Russia clinches more grain control just as wheat prices spike

Bloomberg | May 28, 2024 | International Trade | Commodity

Russia is stepping up its bid to control even more of its crucial grain industry — potentially giving it greater power over exports — just as worries mount over global supply.

https://www.ajot.com/images/uploads/article/business_equipment_chart_1.jpg

US orders for business equipment rebound, defying high rates

Bloomberg | May 28, 2024 | International Trade

Orders placed with US factories for business equipment rose by more than forecast in April, indicating firms are still focused on making long-term investments despite an uncertain outlook and high borrowing costs.