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Tag: trade

Senators Unveil Bipartisan Bill to Protect American Workers From China’s ‘Unfair Trade Practices’

A pair of U.S. senators on April 16 unveiled a bipartisan bill aimed at strengthening domestic trade remedy laws and protecting American workers from what they called China’s “unfair trade practices.” Sens. Rob Portman (R-Ohio) and Sherrod Brown (D-Ohio) introduced the Eliminating Global Market Distortions to Protect American Jobs Act, saying in a press release […]

North Korea’s coronavirus lockdown shows signs of easing as China trade soars

FILE PHOTO: Trucks cross Friendship Bridge (L) from China’s Dandong, Liaoning province (foreground), to North Korea’s Sinuiju September 12, 2016. REUTERS/Thomas Peter/File Photo April 19, 2021 BEIJING (Reuters) – China’s exports to North Korea in March rose to a six-month high, with outbound shipments to its neighbour that month nearly 400 times more than January-February […]

EU post-Brexit imports from UK halve in Jan-Feb, trade surplus rises

FILE PHOTO: Flags of the Union Jack and European Union are seen ahead of the meeting of European Commission President Ursula von der Leyen and British Prime Minister Boris Johnson, in Brussels, Belgium December 9, 2020. Olivier Hoslet/Pool via REUTERS/File Photo April 16, 2021 BRUSSELS (Reuters) – The European Union’s imports from Britain almost halved […]

U.S. trade chief Tai says climate key priority in trade policy

FILE PHOTO: Katherine C. Tai addresses the Senate Finance committee hearings to examine her nomination to be United States Trade Representative, with the rank of ambassador, in Washington, DC February 25, 2021. Bill O’Leary/Pool via REUTERS/File Photo April 15, 2021 WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai on Thursday laid out her vision for […]

China pulls German trade up, but Brexit hits UK business

FILE PHOTO: Cars intended for export wait at the port for loading, as the spread of the coronavirus disease (COVID-19) continues in Bremerhaven, Germany, April 24, 2020. REUTERS/Fabian Bimmer April 9, 2021 BERLIN (Reuters) – German exports rose in February, boosted by surging trade with China in a fresh sign that factories are busy in […]

Exclusive: Robinhood failed to disclose certain trade executions to public feed

FILE PHOTO: The Robinhood App is displayed on a screen in this photo illustration January 29, 2021. REUTERS/Brendan McDermid/Illustration April 9, 2021 By John McCrank NEW YORK (Reuters) – Retail brokerage Robinhood Financial did not report a certain type of stock trade it executed for customers last year to a public data feed, according to […]

National Trade Group CEO Says Infrastructure Plan Bad for Economy, Workers

The CEO of a national trade association representing more than 21,000 members across the country says there’s a number of ideas and proposals in the $2.3 trillion infrastructure plan that would hurt taxpayers and those in the construction industry. Michael D. Bellaman the President and CEO of Associated Builders and Contractors, said that while infrastructure is something […]

USTR Vows to Keep Battling ‘Significant’ Foreign Trade Barriers, Names China

WASHINGTON—The U.S. government on Wednesday vowed to continue battling what it sees as significant trade barriers that are harming American companies and farmers, and singled out Beijing as the “world’s leading offender” in creating overcapacities in several sectors. The U.S. Trade Representative’s office said its annual report on the issue showed “significant barriers that present […]

Biden Administration Has No Immediate Plans to Lift Tariffs on China: US Trade Chief

Newly minted U.S. Trade Representative Katherine Tai told The Wall Street Journal in an interview published Sunday that the Biden administration isn’t planning to lift tariffs on Chinese goods anytime soon, although she signaled potential openness to trade negotiations with Beijing. In her first post-confirmation interview, Tai said any sudden moves to lift tariffs were […]

Suez Canal blockage could cost $6 billion to $10 billion in lost trade – Allianz

FILE PHOTO: Stranded container ship Ever Given, one of the world’s largest container ships, is seen after it ran aground, in Suez Canal, Egypt March 26, 2021. REUTERS/Mohamed Abd El Ghany March 26, 2021 BERLIN (Reuters) – The container ship blocking the Suez Canal could cost global trade $6 billion to $10 billion a week, […]