Tag: Global Trade
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Xi Jinping Says China’s Development Aligns with MAGA Vision in Bilateral Discussion
China’s Development and the MAGA Vision: A Diplomatic Narrative In a high-profile encounter that underscored the ceremonial as well as strategic aspects of U.S.-China diplomacy, Chinese President Xi Jinping stated that China’s development and national revitalization go hand in hand with the vision promoted by U.S. President Donald Trump to “Make America Great Again.” The…
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Nexperia Cuts Wafer Supplies to Chinese Plant, Deepening Global Chip Disruptions
Overview: A New Twist in the Global Chip Supply Chain The Dutch microelectronics specialist Nexperia has halted wafer supplies to its Chinese assembly plant, according to a letter reviewed by Reuters. The move, described as a suspension of wafers, adds another layer of strain to an already tight semiconductor market. For automakers and tech manufacturers…
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Rare-Earth Win: Trump-Xi Talks Signal Xi’s Strength
Overview: A Rare-Earth Breakthrough in U.S.-China Talks In a series of negotiations that have long hovered between tension and opportunity, President Donald Trump has framed recent discussions with Chinese leader Xi Jinping as signaling a strategic victory on rare-earth minerals. The exchanges come as both nations navigate supply-chain resilience, industrial strategy, and the geopolitical weight…
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US Senate Votes to End Trump’s Global Tariffs on 100+ Countries
Congress Acts to Undo Controversial Global Tariffs The US Senate has moved to nullify a set of reciprocal tariffs that target more than 100 countries, marking a significant shift in the nation’s approach to trade policy. In a 51-47 vote, four Republicans joined all Democrats to approve a resolution aimed at ending what supporters described…
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ASEAN and China Expand Free Trade Pact as Alternative to US Protectionism
ASEAN and China Sign Expanded Free Trade Area 3.0 China and the Association of Southeast Asian Nations (ASEAN) formalized an expanded Free Trade Agreement (FTA) on Tuesday, broadening economic cooperation just as global markets face protectionist headwinds. The ASEAN-China Free Trade Area 3.0 builds on the long-running pact first signed in 2002 and in force…
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China and ASEAN Sign Expanded Free Trade Area 3.0 to Deepen Economic Ties
Overview: A milestone in regional trade China and the Association of Southeast Asian Nations (ASEAN) sealed a broad upgrade to their long-running free trade framework, the ASEAN–China Free Trade Area 3.0, on the closing day of the annual ASEAN summit. The agreement, praised by Chinese Premier Li Qiang as a constructive alternative to protectionist policies,…
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Trump Pressures Vulnerable Nations as IMO Prepares to Vote on Shipping Carbon Levy
Background: a landmark shipping carbon pricing proposal Global shipping accounts for about 3% of greenhouse gas emissions today, with projections suggesting that share could rise to 10% by mid-century if no action is taken. The International Maritime Organization (IMO) has been negotiating a carbon pricing mechanism designed to levy charges on ships based on their…
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Trump Pressure on Vulnerable Nations Over Shipping Carbon Tax at IMO Talks
Overview: A showdown at the IMO over shipping emissions pricing As negotiators from around the world gather in London for four days of talks at the International Maritime Organization (IMO), the looming question is whether a landmark carbon pricing mechanism for ships will finally be reaffirmed and, if so, how it will be implemented. The…
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Auto industry alarm as China tightens rare earth curbs
China’s rare earth clampdown ripples through the auto sector The automotive industry is sounding the alarm as Beijing expands restrictions on rare earth exports and related technologies. The move, announced by China’s Commerce Ministry, is intended to curb the “misuse” of these critical minerals in military and sensitive sectors. But industry groups warn that tighter…
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UK forecast to be second-fastest growing economy in the G7: IMF outlook explained
UK set for notable growth within the G7, IMF projections show The International Monetary Fund (IMF) has updated its global outlook, placing the United Kingdom as the second-fastest growing economy among the world’s seven most advanced economies this year and next. Growth is forecast at 1.3% in both 2025 and 2026, a modest pace, yet…