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Economic Security

All articles tagged with #economic security

world1 day ago

Pax Silica: The U.S.-Led Drive to Guard AI’s Global Supply Chain

The Trump administration is pushing Pax Silica, a U.S.-led effort with six allies (Israel, Singapore, Japan, South Korea, Australia, and the United Kingdom) to secure the global AI and tech supply chain—from minerals and energy to semiconductors and logistics—citing China’s dominance in rare earths and Belt and Road influence. Qatar and the UAE are expected to join, with talks underway with the EU, Canada, and Taiwan. The plan rests on four pillars: rebalancing trade, reindustrializing America, securing supply chains, and stabilizing conflict zones through economic tools, all aimed at reducing China’s leverage in AI and technology.

via Gizmodo|
#ai-supply-chain#china#economic-security
world1 month ago

EU unveils new strategy to bolster economic security amid China-related risks

The European Commission and High Representative announced a new strategic approach to bolster Europe's economic security by proactively addressing risks, reducing dependencies, and enhancing coordination with member states and partners, with a focus on critical sectors and technologies to ensure resilience and openness in global trade.

via European Commission|
#economic-security#eu-toolbox#european-commission
world3 months ago

US-China Trade Tensions Rise Amid Tariff Threats and Market Volatility

US Trade Representative Greer indicated that additional tariffs on Chinese exports depend on China's actions, with ongoing staff-level talks aiming to resolve disputes over critical minerals and trade restrictions. The US is considering tariffs starting November 1, but a meeting between Trump and Xi Jinping is still scheduled, highlighting ongoing tensions and negotiations in the US-China trade war.

via Reuters|
#china-trade#economic-security#trade-war
world4 months ago

India and Japan Strengthen Ties with Infrastructure and Investment Initiatives

Indian Prime Minister Narendra Modi visited a chip factory in Japan and discussed strengthening semiconductor supply chains and economic ties with Japan, including a target of $68 billion in private investment over 10 years, as part of broader cooperation on technology, energy, and strategic partnerships amid shifting geopolitical dynamics.

via Bloomberg.com|
#economic-security#india#investment
international-trade1 year ago

EU-China Trade Tensions Escalate Amid Looming EV Tariffs

The EU is divided over how to manage economic ties with China, with France advocating for strong industrial policies and protective measures, while Germany and other free-trade proponents prefer market-driven competition. The debate centers on an EU investigation into Chinese electric vehicle subsidies, which could lead to higher import duties and potential trade wars. The issue has become politically sensitive, with a decision likely postponed until after the European Parliament elections. The broader discussion includes proposed economic security strategies and export controls, with businesses and member states expressing varied opinions on the best approach.

via South China Morning Post|
#china#economic-security#electric-vehicles
economics1 year ago

"The Darkening of America's Economic Security Doctrine"

The United States' economic security doctrine has taken on a darker hue, as the country grapples with challenges such as rising inequality, geopolitical tensions, and the impact of the Covid-19 pandemic. This shift in economic policy reflects a growing focus on protecting critical industries, supply chains, and technological innovation, as well as addressing national security concerns in the context of the global economy.

via Financial Times|
#economic-security#economics#global-economy
philanthropy2 years ago

MacKenzie Scott's $2.1 Billion Philanthropic Gifts: Revealing the Beneficiary Groups

Philanthropist MacKenzie Scott donated $2.1 billion to 360 organizations, including Mercy Housing, Upstream USA, and Year Up. The announcement was brief compared to previous years, but the gifts align with Scott's focus on economic security, education, equity, and health. Many donations went to housing organizations, including the San Francisco Community Land Trust, which received a $20 million gift. Scott's giving is "unprecedented" as she provides unrestricted donations, benefiting smaller nonprofits and allowing them to change their fundraising strategies. Other donors are not following her lead in making large, unrestricted grants.

via The Associated Press|
#donations#economic-security#mackenzie-scott
international-relations2 years ago

EU Leaders Seek Economic Security and Address Key Issues at Granada Summit

European Union leaders have resolved to enhance the bloc's competitiveness, prioritize green and digital technologies, and reduce reliance on third countries, particularly China. The leaders emphasized the need to strengthen the single market, decrease external dependencies in critical sectors, and invest in research and skills. The EU plans to assess potential risks to economic security related to advanced technologies and consider tighter control of exports. Discussions will also focus on harmonizing national security policies and determining the level of openness to foreign companies in European markets.

via Reuters|
#competitiveness#digital-technologies#economic-security
technology2 years ago

EU Takes Action to Safeguard Sensitive Technologies from Foreign Threats

The European Commission has identified four sensitive technology areas - advanced semiconductors, artificial intelligence, quantum computing, and biotechnology - that will be carefully scrutinized for potential risks, particularly in the hands of rival countries like China. The EU aims to develop a strategy to guarantee its economic security and reduce dependencies on critical minerals and natural gas. While the EU executive branch did not explicitly mention China, the move aligns with a broader strategy of "de-risking" relations with Beijing. The next step involves consulting EU member states to decide on measures, which could include export controls, increased investment in the EU, or partnerships to reduce dependencies. The selected technology areas were chosen based on their transformative power, potential military use, and potential for human rights infringements.

via DW (English)|
#economic-security#eu-china-rivalry#export-controls