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All articles tagged with #global trade

Hormuz Crisis Casts Spotlight on Malacca Strait's Trade Lifeline
world12 days ago

Hormuz Crisis Casts Spotlight on Malacca Strait's Trade Lifeline

As the Hormuz crisis persists, analysts warn a future U.S.–China clash could unfold in Southeast Asia’s Strait of Malacca, a pivotal and congested waterway that handles a large share of global trade. The piece explains potential disruption routes and detours, the governance framework among Singapore, Malaysia, Indonesia, and Thailand, and how UNCLOS underpins free transit, while highlighting growing regional defense ties as nations seek to keep Malacca open amid rising geopolitics.

via NBC News|
#global-trade#hormuz-crisis#maritime-security
Time running out to counter China’s rising grip on global supply chains
world17 days ago

Time running out to counter China’s rising grip on global supply chains

The US Chamber of Commerce warns governments have a finite window to push back against China’s state-led industrial policies, which deepen dependence on Chinese supply chains and boost Beijing’s global influence. A Rhodium Group report for the chamber highlights China’s shift from low-cost manufacturing to high-tech production (including robotics) and a broader industrial-policy push, signaling a potential reordering of global trade that policymakers must address soon to protect advanced economies’ competitive edge.

via Financial Times|
#china#global-trade#industrial-policy
Court rules Trump’s 10% global tariffs illegal in key setback for trade policy
business20 days ago

Court rules Trump’s 10% global tariffs illegal in key setback for trade policy

A US Court of International Trade ruled that Donald Trump’s 10% global tariffs imposed under Section 122 of the Trade Act of 1974 were unauthorized by law, applying only to the two companies in the case and not suspended broadly. The decision adds to legal headwinds against his trade agenda and hinges on whether balance-of-payments deficits are the same as a trade deficit. The White House did not comment, while ongoing Section 301 investigations could lead to new duties, with the baseline tariff set to expire in late July.

via Financial Times|
#balance-of-payments-deficits#business#court-of-international-trade
Small economies seal world's first essential-supplies pact to keep trade flowing
asia-pacific-economy23 days ago

Small economies seal world's first essential-supplies pact to keep trade flowing

Singapore and New Zealand signed the world's first bilateral Agreement on Trade in Essential Supplies, pledging not to restrict trade in essentials (food, fuel, chemicals, construction, healthcare) and to keep air and sea routes open to sustain energy and goods flows amid Middle East tensions; the leaders urged others to adopt similar safeguards to bolster global supply chains, noting NZ's reliance on Singapore for around a third of its fuel imports.

via Financial Times|
#asia-pacific-economy#global-trade#new-zealand
Trump presses 25% tariff on EU cars unless US production rises
world26 days ago

Trump presses 25% tariff on EU cars unless US production rises

President Donald Trump said he will impose a 25% tariff on EU cars and trucks entering the United States next week unless European manufacturers move production to U.S. plants; shipments manufactured in the United States would face no tariff. The move upends last year's trade deal reducing tariffs on many EU imports and heightens transatlantic tensions, drawing warnings from EU officials and automakers about potential damage to the European auto industry.

via Financial Times|
#automobiles#global-trade#trade-disputes
China warns EU over 'Made in Europe' plan, vows countermeasures
world1 month ago

China warns EU over 'Made in Europe' plan, vows countermeasures

China warned the EU it will take countermeasures if its proposed Industrial Accelerator Act—dubbed the Made in Europe plan—hurts Chinese companies, arguing the law discriminates against Chinese investors and contradicts market rules. The EU aims to boost manufacturing’s share of GDP to 20% by 2035 and would restrict foreign investments above €100 million from countries with a large share of global production in strategic sectors, requiring EU worker dominance (at least 50%), local manufacturing involvement, and mandatory technology transfer. Beijing urged dialogue but signalled it could respond if Brussels ignores its objections, highlighting ongoing tensions in EU–China trade as Washington and Beijing negotiate their truce.

via Financial Times|
#eu-china-relations#foreign-direct-investment#global-trade
Iran plots paid passage regime for the Strait of Hormuz
world2 months ago

Iran plots paid passage regime for the Strait of Hormuz

Iran seeks an “approved passage” system through the Strait of Hormuz, charging fees and allowing only “non-hostile” vessels to pass, a regime Tehran says could endure beyond the current war and US-Israeli actions. Reports estimate ships paying up to around $2 million for safe passage, raising questions about sovereignty, international law, and the impact on global shipping and trade as reliance on the strait persists and routes consider alternatives.

via Financial Times|
#global-trade#iran#middle-east-war
Trump widens Section 301 probes to pressure partners and revive tariffs
business2 months ago

Trump widens Section 301 probes to pressure partners and revive tariffs

The U.S. is launching 16 new Section 301 investigations into partners including China, the EU, and others to scrutinize perceived unfair practices and potential duties, after a Supreme Court ruling blocked earlier reciprocal tariffs; the probes could lead to new tariffs or other concessions, with public hearings starting May 5 as Washington seeks leverage to reindustrialize and reshape supply chains.

via CNBC|
#business#global-trade#section-301
War-Driven Freight Hike: Maersk CEO Warns of Pass-Through to Consumers
business2 months ago

War-Driven Freight Hike: Maersk CEO Warns of Pass-Through to Consumers

Maersk chief Vincent Clerc told the BBC that increased transport costs caused by the Iran conflict will be passed on to customers and eventually to consumers, estimating about $200 extra per standard 20ft container and freight-rate rises of around 15-20% for some routes as ships bypass Hormuz and the Red Sea. The disruption is affecting global trade and food imports, with authorities weighing naval escorts, but Clerc says a long-term solution lies in restoring safe navigation, so consumer prices for goods like toys, clothing and electronics may rise as costs filter through.

via BBC|
#business#freight-costs#global-trade
Asia braces for energy shock as Hormuz shipping slows amid Iran conflict
economy2 months ago

Asia braces for energy shock as Hormuz shipping slows amid Iran conflict

Asia’s biggest manufacturing economies are racing to secure new oil and gas sources, bolster stockpiles and coordinate responses as the Strait of Hormuz slows shipments amid the Iran conflict. Taiwan, Japan and South Korea have emergency measures and diversification plans; China has ordered cuts to refined-oil exports; India, Indonesia and others are adjusting inventories and imports to hedge against shortages. The energy disruption could lift prices and threaten growth across Asia if the conflict persists.

via Financial Times|
#asia-pacific-economy#economy#energy-crisis
US weighs investment pledges as condition for Nvidia and AMD AI-chip sales
global-trade2 months ago

US weighs investment pledges as condition for Nvidia and AMD AI-chip sales

The US commerce department is proposing a rule to tie exports of Nvidia and AMD AI data-center chips to foreign buyers’ pledges to invest in US AI infrastructure, using a tiered licensing system based on chip computing power. The approach echoes earlier Middle East deals and would not affect China. Nvidia’s Jensen Huang reportedly agreed that 25% of revenues from H200 exports would go to the US government as a licensing condition, and the rule remains under inter‑agency review.

via Financial Times|
#ai-chips#amd#export-controls
Global tariffs go live at 10% as rate uncertainty lingers
business3 months ago

Global tariffs go live at 10% as rate uncertainty lingers

US global tariffs have taken effect at 10% after mixed messaging from President Trump, with officials saying a 15% increase could come but no directive has been issued yet; the White House is working to update the rate, while a Supreme Court ruling on IEEPA tariffs fuels uncertainty and potential refunds, as international partners respond and some businesses seek refunds or adjust plans.

via BBC|
#business#global-trade#ieepa