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Xi Prepares Strategic Moves Amid US Trade Tensions
1 year ago•Source: Bloomberg
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0.425 min•1 year ago
China Prepares Strategic Defense for Potential Trump Trade War 2.0
China is preparing for potential trade tensions with a future Trump administration by outlining a strategy of aggressive retaliation. Recent actions include an antitrust investigation into Nvidia, export controls on critical minerals, advising companies against purchasing American computer chips, and sanctions on 13 U.S. defense firms, in response to current U.S. policies under the Biden administration.
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US-China Tech Tensions Escalate with New Trade Restrictions
The New York Times•1 year ago
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EU and South America Forge Historic Free Trade Agreement
Originally Published 1 year ago — by BBC.com
The European Union has signed a trade deal with Mercosur, comprising Argentina, Brazil, Paraguay, and Uruguay, aiming to lower tariffs and simplify customs procedures between the two regions. This agreement, if ratified, would enhance trade in goods like cars and machinery, and provide the EU with easier access to raw materials crucial for electric vehicle batteries. While the deal promises economic benefits, it faces opposition from some EU member states over environmental and competitive concerns, particularly from France and Poland.
EU and Mercosur Finalize Landmark Trade Agreement Amid Tensions
Originally Published 1 year ago — by Financial Times
The European Union and five South American countries have finalized a major trade agreement, creating a market of 700 million people by eliminating tariffs on over 90% of goods. This deal, the largest for both parties, was reached after 25 years of negotiations and is expected to benefit consumers and businesses on both sides. European Commission President Ursula von der Leyen emphasized the fairness and mutual benefits of the agreement.
EU Strengthens Ties with South America Amid Internal Tensions
Originally Published 1 year ago — by POLITICO Europe
The European Union is on the verge of finalizing a significant trade agreement with the Mercosur bloc, despite strong opposition from France. EU Commission President Ursula von der Leyen, supporting Germany's interests, is actively pursuing the deal, which has caused tensions within the EU. The agreement aims to strengthen economic ties between Europe and Latin America, but France's resistance highlights internal EU divisions over trade policies.
EU-Mercosur Trade Deal Faces Franco-German Tensions Amid Final Talks
Originally Published 1 year ago — by POLITICO Europe
The EU is nearing the completion of a trade agreement with the Mercosur bloc, as European Commission President Ursula von der Leyen pushes to finalize the deal at a Mercosur summit. However, internal EU tensions, particularly between France and Germany, threaten to disrupt the agreement. The EU's trade chief is addressing the remaining sensitive issues with Mercosur counterparts to secure the pact soon.
US-China Trade Tensions Escalate Over Chip and Material Restrictions
Originally Published 1 year ago — by Chemistry World
China has banned the export of critical minerals, including gallium, germanium, and antimony, to the US in response to new US restrictions on semiconductor equipment exports to China. These minerals are vital for semiconductors and military applications. The move could significantly impact the US economy, with potential losses estimated at $3.4 billion. China has criticized the US for disrupting global trade and technology progress.
China's Strategic Leverage: Rare Minerals in US Tech War
Originally Published 1 year ago — by DW (English)
China has banned the export of key minerals like gallium and germanium to the US in response to American export controls on Chinese technology, escalating the trade rivalry between the two nations. These minerals are crucial for semiconductor production and military applications, and China's move aims to safeguard its national security while challenging US efforts to limit China's technological advancement. The US is assessing the impact and exploring ways to diversify its supply chains away from China.
China Escalates Trade Tensions with Rare Mineral Export Ban to US
Originally Published 1 year ago — by DW (English)
China has banned the export of key minerals like gallium and germanium to the US in response to American export controls on Chinese technology. These minerals are crucial for semiconductor production and military applications. The move is part of the ongoing US-China trade rivalry, with both nations taking steps to protect their national security interests. The US is assessing the impact, as China dominates the global supply of these minerals, potentially affecting US defense and technology sectors.
China's Mineral Export Ban Escalates US Trade Tensions
Originally Published 1 year ago — by CBS News
China has banned the export of key minerals like antimony, gallium, germanium, and graphite to the U.S., escalating trade tensions following the Biden administration's restrictions on semiconductor exports to China. These minerals are crucial for various technologies, including semiconductors and electric vehicle batteries. The move highlights the ongoing trade conflict between the two nations, which is expected to intensify with President-elect Donald Trump's upcoming second term, during which he has promised further tariffs on Chinese imports.
China and US Escalate Tech Trade War with New Sanctions and Bans
Originally Published 1 year ago — by DW (English)
China has announced a ban on exports of key high-tech materials like gallium and germanium to the United States, citing national security concerns. This move is a response to the latest US crackdown on China's semiconductor industry, which included export restrictions on 140 Chinese firms. The ban, effective immediately, also imposes stricter reviews on graphite exports to the US. This escalation in trade tensions comes as President-elect Donald Trump prepares to take office, having previously threatened to increase tariffs on Chinese imports.
China Retaliates Against US with Rare Mineral Export Ban
Originally Published 1 year ago — by Axios
China has announced a ban on the export of certain rare minerals to the U.S., including gallium, germanium, and antimony, in response to U.S. export controls on chip manufacturing equipment. These minerals are crucial for semiconductor production and other advanced technologies. The move is part of a broader technological rivalry between the two nations, with both framing their actions as matters of national security.