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Protectionism

All articles tagged with #protectionism

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
Understanding Trump's Tariff Impact and Future Trade Tensions
economy1 year ago

Understanding Trump's Tariff Impact and Future Trade Tensions

Research on the 2018-19 U.S.-China trade war suggests that President-elect Trump's proposed tariffs on imports from Canada, Mexico, and China may not achieve their intended economic benefits. Previous tariffs did not reduce the cost of Chinese imports, led to higher prices for U.S. consumers, and did not bring back manufacturing jobs to the U.S. Additionally, sectors affected by retaliatory tariffs suffered. Companies' strategies like friend-shoring may not effectively counteract new trade barriers, potentially reshaping the U.S. economy significantly.

via HBR.org Daily|
#economy#global-trade#protectionism
Navigating Trump's Tariff Turbulence: A Dramatic Rollout
politics1 year ago

Navigating Trump's Tariff Turbulence: A Dramatic Rollout

Donald Trump plans to implement large tariffs on Chinese imports and medium-sized ones on other countries, reflecting his campaign promises and his self-proclaimed identity as "Tariff Man." While his approach may lead to chaos and unpredictability, it aims to revive a 19th-century economic model where tariffs fund the government and protect American industry. This strategy could result in significant changes to global trade dynamics.

via Bloomberg|
#china#politics#protectionism
China Counters Western De-Risking Tactics at Supply Chain Expo
international-relations2 years ago

China Counters Western De-Risking Tactics at Supply Chain Expo

Chinese Premier Li Qiang expressed opposition to protectionism and emphasized the need to strengthen supply chain partnerships with all countries at the first China International Supply Chain Expo. As the United States and the European Union seek to reduce their dependence on China and "de-risk" their supply chains, China warns that protectionism and geopolitical tensions pose risks to global supply chains. Recent geopolitical tensions have led foreign businesses to diversify their supply chains away from China, directing investments to countries like India, Mexico, and Vietnam. Despite a decrease in foreign investment in China, it remains an attractive option, with 45% of firms surveyed at the China International Import Expo expecting to expand their supply chains in China.

via Reuters|
#china#geopolitical-tensions#international-relations
"UAW Strike Challenges Bidenomics and Employer Confidence"
politicseconomy2 years ago

"UAW Strike Challenges Bidenomics and Employer Confidence"

The ongoing UAW strike in the car industry is putting President Joe Biden's economic policies, known as Bidenomics, to the test. The UAW is demanding a 36% pay increase over four years, better pensions, healthcare for all retirees, and improved terms for new hires. Biden's focus on protecting manufacturing workers with tariffs and subsidies, particularly in the electric vehicle sector, is aimed at appealing to working-class families in swing states. However, this approach risks repeating the mistakes of the past, as protectionism and strikes could harm the industry's competitiveness and hinder the green transition. The outcome of the strike will determine how Biden's pro-union stance is perceived.

via The Economist|
#bidenomics#green-transition#politicseconomy
China and EU Urged to Embrace Openness, Reject Protectionism by Chinese State Media
international-relations2 years ago

China and EU Urged to Embrace Openness, Reject Protectionism by Chinese State Media

Chinese Foreign Minister Wang Yi has urged China and the European Union (EU) to maintain an "open attitude" and reject protectionism, emphasizing the importance of free trade and cooperation. Wang stated that China supports the EU's strategic independence and European integration, and that the two sides should focus on achieving positive effects through their partnership. The remarks come amidst an ongoing investigation by the European Commission into potential punitive tariffs on Chinese electric vehicle imports, which the EU claims benefit from excessive state subsidies.

via Reuters|
#china#cooperation#european-union