Foreign buyers will throng the vast halls of China’s biggest trade expo from Monday, scouting for deals on Chinese goods that U.S. and European governments complain are flooding global markets. The 135th Canton Fair comes as China is making a strategic policy shift, accelerating resource distribution towards its manufacturing complex and away from […]
Canadian wholesale trade most likely rose 0.8% in February from January, largely driven by higher sales in the machinery, equipment and supplies, as well as the motor vehicle and motor vehicle parts and accessories subsectors, Statistics Canada said in a flash estimate on Tuesday. The estimate was calculated based on a weighted response rate […]
Australia’s Prime Minister Anthony Albanese said on Saturday the removal of Chinese tariffs on Australian wine would be on the agenda when he meets China’s Foreign Minister Wang Yi next week in Canberra. Wang, China’s top diplomat, is set to visit Australia and New Zealand from March 17 to 21. The trip comes […]
Global goods trade should continue to recover gradually in the first months of 2024, but could easily be derailed by regional conflicts and geopolitical tensions, the World Trade Organization said on Friday. The WTO said its goods trade barometer stood at 100.6 points, close to the baseline of 100 and barely changed from the […]
Hungarian parliament speaker Sandor Lezsak has signed off on the ratification of Sweden’s NATO accession and forwarded the legislation to the president’s office for promulgation, voting records on parliament’s website showed on Saturday. Lawmakers approved Sweden’s NATO accession on Feb. 26, clearing the last hurdle before the historic step by the Nordic country whose […]
A global consortium of semiconductor industry groups has asked India to reconsider its plan to push for duties on cross-border digital e-commerce and data transfers at an upcoming global trade meeting, warning that India’s stance will stifle its own chip design industry. Ministers from across the globe are convening for a World Trade Organization […]
U.S. import prices increased by the most in nearly two years in January amid rising costs for petroleum and other goods, a trend that if sustained, would be bad news in the fight against inflation. Import prices jumped 0.8% last month, the largest gain since March 2022, after a revised 0.7% decline in December, […]
Northern Ireland’s new power-sharing executive called on Britain on Monday to boost its offer to ease the region’s strained budget beyond the 3.3 billion pounds ($4.2 billion) included in a deal to restore the devolved administration. Prime Minister Rishi Sunak met political leaders in Belfast on Monday after convincing the pro-British Democratic Unionist Party […]
Teradyne, a supplier of semiconductor testing equipment, pulled manufacturing worth about $1 billion out of China last year, a Teradyne spokesperson said on Monday, after U.S. export regulations led to supply chain disruptions. A factory in Suzhou was the company’s main manufacturing site for its semiconductor test equipment, which it subcontracted to Flextronics. […]
China’s Commerce Minister Wang Wentao expressed concern over U.S. curbs preventing third countries from exporting lithography machines to China during a phone call with U.S. Commerce Secretary Gina Raimondo on Thursday, his ministry said. Washington has used export controls to cut off China’s access to advanced chips and chip-making tools that could fuel breakthroughs […]