tldrdailynews.com logo
Tag

Protectionism

All articles tagged with #protectionism

EU-China Trade Talks Stall as Beijing Rejects Hybrid Car Export Limits
global-economy2 days ago

EU-China Trade Talks Stall as Beijing Rejects Hybrid Car Export Limits

The European Union faces a critical economic crossroads as its daily trade deficit with China reaches approximately $1 billion. EU Trade Commissioner Maroš Šefčovič is currently in Beijing for high-stakes negotiations aimed at curbing Chinese export surges, particularly in hybrid vehicles. However, talks have hit a significant deadlock after Beijing rejected EU requests to voluntarily limit hybrid car exports. While the EU seeks to protect its ailing domestic industries, China maintains that protectionism harms global supply chains. The dispute has intensified after China launched an anti-dumping probe on European chemical exports, signaling a potential long-term trade confrontation.

via AP News|
#automotive-sector#eu-china-trade#global-economy
China’s Export Shock Could Break Global Growth, US May Face Cleanup
economy1 month ago

China’s Export Shock Could Break Global Growth, US May Face Cleanup

A Fortune feature quotes former U.S. Trade Representative Michael Froman warning that China’s export-led growth—boosted by subsidies and an undervalued currency—may be nearing a tipping point as global demand slows, risking a domino effect on world growth (IMF estimates around 3.1% for global GDP this year) with a record 2025 trade surplus. As protectionism rises, Beijing may not rescue the global economy, leaving the United States to manage the fallout; analysts also flag a new phase, “China Shock 2.0,” with China shifting toward more capital- and tech-intensive exports.

via Yahoo Finance|
#china-exports#economy#global-economy
US Auto Lobby Pushes to Slow EV Innovation, Seeks Chinese Car Ban
politics1 month ago

US Auto Lobby Pushes to Slow EV Innovation, Seeks Chinese Car Ban

Electrek argues that the Alliance for Automotive Innovation, led by John Bozzella, is pressuring Congress to curb EV competition by pushing bills that would ban Chinese vehicles from US roads, despite existing barriers like a connected-car rule and tariffs; the piece asserts Chinese automakers are advancing EV tech while US automakers cling to gas-powered models, criticizes protectionism as harming consumers and the environment, and calls for embracing open competition and faster EV adoption rather than propping up lagging incumbents.

via Electrek|
#auto-industry#china#ev
China warns EU over 'Made in Europe' plan, vows countermeasures
world5 months 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