This episode will premiere on Tuesday, Sept. 20, at 7:30 p.m. ET. From Our Sponsor: Why Now Is the Time to Buy Gold & Silver with Goldco. Call 855-973-0470 for your FREE Wealth Protection Kit Today! “Because everything it makes is in China … China can compel Apple to do whatever it pleases … And…
PREMIERING 7:30PM ET: Clyde Prestowitz: How American Companies Became Subservient to Beijing and How to Stop It With Industrial Policy
September 20, 2022
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American Thought LeadersChinaChina Business & EconomyChinese Communist PartyChinese RegimeClyde PrestowitzEpochTVLive VideostradeUS-China relationsUS-China TradeVideo
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United States, Indo–Pacific Nations Launch Negotiations on Economic Framework
The United States and 13 Asian nations on Sept. 9 concluded the first round of in-person meetings for the Indo–Pacific Economic Framework (IPEF) with a consensus on ministerial statements for four key pillars. The U.S. Commerce Department said the 14 IPEF member nations, which represent over 40 percent of the global economy, have outlined four…
US, Indo-Pacific Nations Launch Negotiations on Economic Framework
The United States and 13 Asian nations on Sept. 9 concluded the first round of in-person meetings for the Indo–Pacific Economic Framework (IPEF) with a consensus on ministerial statements for four key pillars. The U.S. Commerce Department said the 14 IPEF member nations, which represent over 40 percent of the global economy, have outlined four…
Germany Paying Billions for Russian Imports: Statistical Office
September 12, 2022
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Business & MarketseconomyenergyEuropeGermanyMarketsofficeRussiaRussia-Ukraine WarStatisticaltradeWorld
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BERLIN—Germany imported goods from Russia valued at 2.9 billion euros ($2.95 billion) in July, according to data released on Monday, as elevated energy costs frustrated German efforts to wind down trade with Russia. The value of German imports from Russia rose by 10.2 percent compared to July 2021, the Federal Statistical Office said. The office…
China’s Export Growth Sinks in August, Imports Shrink
BEIJING—China’s trade weakened in August as high energy prices, inflation, and anti-virus measures weighed on global and Chinese consumer demand, while imports of Russian oil and gas surged. Exports rose 7 percent over a year ago to $314.9 billion, decelerating from July’s 18 percent expansion, customs data showed Wednesday. Imports contracted by 0.2 percent to…
US Trade Deficit Narrows in July; Exports at Record High
The U.S. trade deficit narrowed in July as exports hit a record high, a trend that could see trade continuing to contribute to gross domestic product in the third quarter. The Commerce Department said on Wednesday that the trade deficit declined 12.6 percent to $70.6 billion. Exports of goods and services edged up 0.2 percent…
Canada Formally Initiates Challenge of ‘Unfair’ US Duties on Softwood Lumber
International Trade Minister Mary Ng says Canada is formally initiating a challenge of “unwarranted and unfair” US duties on Canadian softwood lumber. The Canadian government filed notice of the challenge today under the US-Mexico-Canada trade agreement’s dispute resolution system. Ng says in a statement that the duties harm Canadian businesses and workers but also serve as…
Russia Is China’s Top Oil Supplier for 3rd Month in July: Customs Data
August 20, 2022
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Business & MarketsChinaChina Business & EconomycustomsdataeconomyenergyEuropeGold and CommoditiesMarketsOilRussiatradeWorld
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Russia held its spot as China’s top oil supplier for a third month in July, data showed on Saturday, as independent refiners stepped up purchases of discounted supplies while cutting shipments from rival suppliers such as Angola and Brazil. Imports of Russian oil, including supplies pumped via the East Siberia Pacific Ocean pipeline and seaborne…
US Import Prices Decline for First Time in 7 Months
U.S. import prices posted their first decline in seven months in July, helped by a strong U.S. dollar and on lower costs for both fuel and nonfuel products in another sign that inflation may have peaked. Import prices fell by a more-than-expected 1.4 percent last month after rising 0.3 percent in June, the Labor Department…
Turkey Offers ‘A Warehouse and Bridge’ for Metals Trade to Russia
August 8, 2022
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Business & Marketscrisiseconomic policieseconomyEuropeGold and CommoditiesMarketsmetalsRussiaRussia-Ukraine WartradeTurkeyUkraineWorld
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ISTANBUL—Western sanctions have given the Turkish metals sector a chance to serve as “warehouse and bridge,” the head of an industry group said, citing increased interest from Russian companies and also from EU companies seeking to sell to Russia via Turkey. The West, including Britain and European Union countries, have imposed sanctions on Russian elites,…
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