China’s Options for Punishing Taiwan Economically are Limited

The economic bans that China imposed on Taiwan for hosting Speaker Nancy Pelosi were not especially painful. Increasing the pressure could hurt China’s own economy.

#china, #embargoes-and-sanctions, #international-relations, #international-trade-and-world-market, #pelosi-nancy, #ships-and-shipping, #supply-chain, #taiwan, #taiwan-semiconductor-manufacturing-company-ltd

U.S. Bid to Cap Russian Oil Prices Draws Skepticism Over Enforcement

The maritime insurance industry says policing oil transactions is not workable, raising questions about enforcement of a buyers’ cartel.

#embargoes-and-sanctions, #europe, #european-union, #group-of-seven, #international-relations, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #russia, #russian-invasion-of-ukraine-2022, #treasury-department, #united-states-economy, #yellen-janet-l

Pelosi’s Taiwan Visit Risks Undermining U.S. Efforts With Asian Allies

The Biden administration has built an economic and diplomatic strategy in Asia to counter China, assuring friendly countries that the U.S. is in the region for the long haul.

#australia, #biden-joseph-r-jr, #china, #defense-and-military-forces, #east-asia, #embargoes-and-sanctions, #far-east-south-and-southeast-asia-and-pacific-areas, #international-relations, #international-trade-and-world-market, #pelosi-nancy, #united-states-international-relations

The Effect of Russian Embargoes on the War in Ukraine

Russia’s peculiar economic war with the West.

#economic-conditions-and-trends, #economics-theory-and-philosophy, #embargoes-and-sanctions, #internal-sub-only-nl, #international-relations, #international-trade-and-world-market, #natural-gas, #russian-invasion-of-ukraine-2022, #united-states-international-relations, #war-and-armed-conflicts

Ukraine Grain Ship Passes Russia’s Black Sea Blockade

For the first time since Russia invaded Ukraine in February, a ship loaded with corn sailed out of Odesa, part of a deal officials hope will help ease food shortages around the world.

#black-sea, #freight-cargo, #grain, #international-relations, #international-trade-and-world-market, #odessa-ukraine, #russia, #russian-invasion-of-ukraine-2022, #turkey, #ukraine

How Do Workers’ Wages Relate to Inflation?

Why workers’ pay has become central to inflation debates.

#economics-theory-and-philosophy, #federal-reserve-system, #inflation-economics, #internal-sub-only-nl, #international-trade-and-world-market, #labor-and-jobs, #layoffs-and-job-reductions, #prices-fares-fees-and-rates, #recession-and-depression, #united-states-economy, #wages-and-salaries

Russia Is Making Heaps of Money From Oil, but There Is a Way to Stop That

Nations seeking to help Ukraine should aim at reducing Russia’s profits from oil, not how much it exports.

#economic-conditions-and-trends, #embargoes-and-sanctions, #europe, #international-relations, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #russia, #russian-invasion-of-ukraine-2022, #ukraine, #united-states, #united-states-international-relations

As Congress Debated Landmark China Bill, Beijing Surged Ahead

Experts are still assessing how China apparently leapfrogged ahead in its effort to manufacture a semiconductor that rivals those made in Taiwan, which supplies both China and the West.

#china, #computer-chips, #factories-and-manufacturing, #house-of-representatives, #international-trade-and-world-market, #senate, #united-states-international-relations, #united-states-politics-and-government

They Flocked to China for Boom Times. Now They’re Thinking Twice.

Global businesses and industries that rode the China growth wave for years are bracing for the fallout of a slowing economy.

#australia, #beijing-china, #china, #coronavirus-2019-ncov, #international-trade-and-world-market, #luxury-goods-and-services, #mattresses, #shopping-and-retail

Senate Passes $280 Billion Industrial Policy Bill to Counter China

The lopsided bipartisan vote reflected a rare consensus in the otherwise polarized Congress in favor of investing federal resources into a broad industrial policy to counter China.

#china, #computer-chips, #factories-and-manufacturing, #international-trade-and-world-market, #senate, #united-states-international-relations

Facing ‘Putin’s Energy Blackmail,’ Europe Agrees to Cut Russian Gas Use

Holding together despite some nations’ dependence on Russia, the European Union agreed to make voluntary savings mandatory if the Kremlin suddenly decides to turn off the taps over its invasion of Ukraine.

#economic-conditions-and-trends, #embargoes-and-sanctions, #energy-and-power, #energy-efficiency, #europe, #european-commission, #european-union, #gazprom, #germany, #international-relations, #international-trade-and-world-market, #natural-gas, #nord-stream-ag, #oil-petroleum-and-gasoline, #pipelines, #politics-and-government, #putin-vladimir-v, #rationing-and-allocation-of-resources, #russian-invasion-of-ukraine-2022, #storage, #ukraine, #united-states-international-relations, #von-der-leyen-ursula, #war-and-armed-conflicts, #zelensky-volodymyr

Wonking Out: What’s the Matter With Italy?

The caricatures are faulty, but the crisis is real.

#banking-and-financial-institutions, #draghi-mario, #economics-theory-and-philosophy, #european-central-bank, #internal-sub-only-nl, #international-trade-and-world-market, #italy, #lagarde-christine

With Russian Cutoff Feared, Europeans Are Told to Curb Natural Gas Use

The European Union’s executive branch says member countries must cut consumption by 15 percent between now and the springtime to stave off a major crisis as Russia weaponizes its exports.

#embargoes-and-sanctions, #europe, #european-commission, #european-union, #france, #germany, #international-trade-and-world-market, #natural-gas, #pipelines, #putin-vladimir-v, #russia, #russian-invasion-of-ukraine-2022, #ukraine, #von-der-leyen-ursula

America’s Safety Net for Workers Hurt by Globalization Is Falling Apart

A 60-year-old program that provides retraining to workers whose jobs are eliminated because of foreign competition has expired, leaving many at risk.

#factories-and-manufacturing, #international-trade-and-world-market, #labor-and-jobs, #law-and-legislation, #layoffs-and-job-reductions, #shutdowns-institutional, #trade-adjustment-assistance, #united-states-economy, #united-states-politics-and-government, #vocational-training

Inflation: A Revolution of Falling Expectations

Surprising hints that this may turn out OK.

#economics-theory-and-philosophy, #federal-reserve-bank-of-new-york, #federal-reserve-system, #inflation-economics, #interest-rates, #internal-sub-only-nl, #international-trade-and-world-market, #united-states-economy, #university-of-michigan

I’m a Democratic Strategist. This Is How We Win Back the Working Class.

Stop letting Republicans own the issues of outsourcing and trade.

#american-rescue-plan-2021, #biden-joseph-r-jr, #democratic-party, #factories-and-manufacturing, #inflation-economics, #international-trade-and-world-market, #labor-and-jobs, #michigan, #obama-barack, #outsourcing, #republican-party, #ryan-timothy-j-1973, #supply-chain, #tax-cuts-and-jobs-act-2017, #trump-donald-j, #united-states, #united-states-economy, #united-states-politics-and-government, #whitmer-gretchen

Are Middlemen Really Profit-Making Parasites?

Or do they make our lives easier?

#amazon-com-inc, #delivery-services, #e-commerce, #internal-sub-only-nl, #international-trade-and-world-market, #supply-chain, #united-states-economy

Wonking Out: The Meaning of the Plunging Euro

This time, a weak currency does reflect a weak economy.

#currency, #economics-theory-and-philosophy, #euro-currency, #european-central-bank, #federal-reserve-system, #interest-rates, #internal-sub-only-nl, #international-trade-and-world-market, #united-states-economy, #us-dollar-currency

In an era of alphabet soup diplomacy, Biden is adding ingredients.

Unsettled times have brought a proliferation of new clusters of various countries, and the acronyms that come with them.

#biden-joseph-r-jr, #english-language, #international-relations, #international-trade-and-world-market, #israel, #middle-east, #united-states-international-relations

The Semiconductor Problem

The military relies on advanced semiconductors. The U.S. doesn’t make any.

#computer-chips, #defense-and-military-forces, #factories-and-manufacturing, #internal-storyline-no, #international-trade-and-world-market, #politics-and-government

The Dollar Has Muscled Higher While the Euro Lost Ground

Why? Part of the answer is interest rates.

#currency, #euro-currency, #internal-sub-only-nl, #international-trade-and-world-market, #united-states-economy, #us-dollar-currency

Gas Prices, a Big Inflation Factor, Are Coming Down Sharply

A four-week decline has offered some relief to drivers. Weather, war and demand will help shape whether the decline can be sustained.

#biden-joseph-r-jr, #china, #consumer-behavior, #coronavirus-2019-ncov, #inflation-economics, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #russia, #united-states, #united-states-economy

Putin’s Oil War With the West Comes at His Allies’ Expense

Russia’s use of energy as a weapon in its standoff with the West is redrawing the geopolitical map, but it could strain ties with allies like Iran and Venezuela.

#economic-conditions-and-trends, #embargoes-and-sanctions, #international-relations, #international-trade-and-world-market, #iran, #maduro-nicolas, #oil-petroleum-and-gasoline, #pdvsa, #politics-and-government, #putin-vladimir-v, #russia, #russian-invasion-of-ukraine-2022, #ukraine, #venezuela

The Humbug Economy

Different data are telling different stories.

#bureau-of-labor-statistics, #economics-theory-and-philosophy, #federal-reserve-system, #internal-sub-only-nl, #international-trade-and-world-market, #labor-and-jobs, #recession-and-depression, #united-states-economy, #wages-and-salaries

Biden Seeks Price Cap on Russian Oil Amid Fears of Gas Shock

Negotiating and selling the plan is a crucial task facing Treasury Secretary Janet L. Yellen as she travels to Asia in hopes of averting $7 a gallon gasoline

#biden-joseph-r-jr, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #recession-and-depression, #russia, #russian-invasion-of-ukraine-2022, #united-states-economy, #yellen-janet-l

America Can’t Allow China to Keep Crushing Our Solar Energy Industry

The Biden administration is taking a gamble that furthers our reliance on China without providing the essential elements to build our domestic solar industry.

#alternative-and-renewable-energy, #china, #customs-tariff, #global-warming, #international-trade-and-world-market, #solar-energy, #united-states

Boris Johnson Leaves a Mixed Legacy With His Brexit Gambit

Departure from E.U. is a clear negative for the U.K. economy, but it could have been worse.

#economic-conditions-and-trends, #european-union, #great-britain-withdrawal-from-eu-brexit, #internal-sub-only-nl, #international-trade-and-world-market, #johnson-boris, #politics-and-government

Wonking Out: Rockets, Feathers and Prices at the Pump

Yes, market power can worsen inflation.

#biden-joseph-r-jr, #economics-theory-and-philosophy, #federal-reserve-system, #inflation-economics, #internal-sub-only-nl, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates

At Europe’s Largest Port, Russia Sanctions Meet Their Toughest Test

The Dutch port of Rotterdam and its staff are at the front line of enforcing the European Union’s restrictions on trade with Russia. It’s no easy task.

#customs-and-border-protection-us, #embargoes-and-sanctions, #european-commission, #european-union, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #politics-and-government, #ports, #rotterdam-netherlands, #russian-invasion-of-ukraine-2022, #shell-plc, #van-beurden-ben, #von-der-leyen-ursula

How One Restaurateur Transformed America’s Energy Industry

Charif Souki’s longshot bet on liquid natural gas, or L.N.G., paid off handsomely — and turned the United States into a leading fossil-fuel exporter.

#hydraulic-fracturing, #international-trade-and-world-market, #natural-gas, #oil-petroleum-and-gasoline, #simpson-nicole-brown, #supply-chain, #united-states

Global Oil Prices Dip Below $100 as Recession Fears Spread

Oil prices have been slipping over the last two weeks, but the drop has accelerated in recent days.

#hess-corporation, #international-trade-and-world-market, #marathon-petroleum-corporation, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #recession-and-depression

Are Gas and Nuclear Energy Green? European Lawmakers Say Yes.

The decision is likely to reverberate far beyond Europe’s borders and set a benchmark that could be replicated around the world.

#alternative-and-renewable-energy, #coal, #europe, #european-commission, #european-parliament, #european-union, #global-warming, #greenhouse-gas-emissions, #international-trade-and-world-market, #nuclear-energy, #solar-energy, #wind-power

U.S. Aims to Expand Export Bans on China Over Security and Human Rights

The Biden administration is applying lessons learned from controls on Russia during the Ukraine war to try to limit China’s military and technological advances.

#biden-joseph-r-jr, #china, #commerce-department, #defense-and-military-forces, #embargoes-and-sanctions, #human-rights-and-human-rights-violations, #international-relations, #international-trade-and-world-market, #putin-vladimir-v, #russia, #russian-invasion-of-ukraine-2022, #science-and-technology, #united-states, #united-states-international-relations, #xi-jinping

Gas Prices Around the World Threaten Livelihoods and Stability

Around the world, from South Asia and Africa to Europe and Latin America, the cost of filling a car’s tank, getting to work and cooking dinner has spiked.

#birol-fatih, #economic-conditions-and-trends, #international-energy-agency, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #recession-and-depression, #russian-invasion-of-ukraine-2022, #supply-chain, #united-states-economy

Wonking Out: Taking the ‘Flation’ Out of Stagflation

The trench seems to have recovered its anchor, or something.

#economics-theory-and-philosophy, #federal-reserve-system, #inflation-economics, #interest-rates, #internal-sub-only-nl, #international-trade-and-world-market, #powell-jerome-h, #recession-and-depression, #united-states-economy

As Dockworkers Near Contract’s End, Many Others Have a Stake

West Coast longshoremen and port operators say they’re determined to reach an agreement, but truckers and retailers relying on cargo are uneasy.

#freight-cargo, #international-longshore-and-warehouse-union, #international-trade-and-world-market, #labor-and-jobs, #long-beach-calif, #los-angeles-calif, #organized-labor, #pacific-maritime-assn, #ports, #ships-and-shipping, #supply-chain, #trucks-and-trucking, #united-states-economy

To Counter Putin, Biden Tries to Assemble an Upside-Down Cartel

President Biden led his Group of 7 counterparts to agree on a plan that would cap the price of Russian oil, a daunting goal that risks the Kremlin restricting supply even further.

#biden-joseph-r-jr, #group-of-seven, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #organization-of-the-petroleum-exporting-countries, #politics-and-government, #putin-vladimir-v, #russia, #russian-invasion-of-ukraine-2022, #ukraine, #united-states

U.S. Urges New Tactic to Curb Putin’s War Machine and Lower Fuel Prices

Group of 7 leaders meeting in Germany were receptive to a Biden administration plan to cap the price of Russian oil in world markets, limiting Kremlin revenue.

#bavaria-germany, #biden-joseph-r-jr, #embargoes-and-sanctions, #group-of-seven, #international-trade-and-world-market, #north-atlantic-treaty-organization, #oil-petroleum-and-gasoline, #putin-vladimir-v, #russia, #russian-invasion-of-ukraine-2022, #stoltenberg-jens, #ukraine, #yellen-janet-l, #zelensky-volodymyr

Global Food Crisis Tests Western Resolve to Retain Russia Sanctions

With a food shortage threatening to create widespread famine, Western countries face a tough choice as sanctions exacerbate the problem.

#embargoes-and-sanctions, #food-insecurity, #humanitarian-aid, #international-trade-and-world-market, #russian-invasion-of-ukraine-2022, #shortages, #wheat

A New Task for Biden: Readying Allies for a Long Conflict in Ukraine

In March, talk of victory was in the air. Now, maintaining unity against President Vladimir V. Putin is looking harder, with President Biden heading to Germany and Spain to rally Europe.

#biden-joseph-r-jr, #group-of-seven, #inflation-economics, #international-trade-and-world-market, #north-atlantic-treaty-organization, #russian-invasion-of-ukraine-2022, #united-states-international-relations

In Russia’s War on Ukraine, China and India Emerge as Financiers

Their purchases of Russian crude are undermining the West’s efforts to isolate the Kremlin and upending the global oil markets.

#china, #economic-conditions-and-trends, #embargoes-and-sanctions, #india, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #politics-and-government, #russia, #russian-invasion-of-ukraine-2022, #united-states-international-relations

To Pressure Taiwan, China is Now Targeting its Grouper Exports

Taiwan’s lucrative grouper industry is bracing for heavy losses after China’s recent ban on imports of the fish from the island.

#agriculture-and-farming, #china, #economic-conditions-and-trends, #embargoes-and-sanctions, #fishing-commercial, #international-trade-and-world-market, #kaohsiung-taiwan, #politics-and-government, #taiwan

Companies Brace for Impact of New Forced Labor Law

Billions of dollars could be at stake as a law banning imports of products from China goes into effect.

#customs-and-border-protection-us, #embargoes-and-sanctions, #factories-and-manufacturing, #forced-labor, #international-relations, #international-trade-and-world-market, #politics-and-government, #supply-chain, #united-states, #xinjiang-china

Is the Era of Cheap Money Over?

The fundamentals behind low interest rates haven’t gone away.

#economics-theory-and-philosophy, #federal-reserve-system, #inflation-economics, #interest-rates, #internal-sub-only-nl, #international-trade-and-world-market, #mencken-h-l

Red Flags for Forced Labor Found in China’s Car Battery Supply Chain

Ties to potentially coercive labor practices could prove a problem for an industry that is heavily dependent on China, once a new law barring Xinjiang products goes into effect.

#alternative-and-renewable-energy, #china, #electric-and-hybrid-vehicles, #embargoes-and-sanctions, #forced-labor, #human-rights-and-human-rights-violations, #international-trade-and-world-market, #lithium-metal, #mines-and-mining, #nickel, #supply-chain, #uighurs-chinese-ethnic-group

How I Became an Asian American

The killing of a Chinese American, David Chin, 40 years ago changed the way people of Asian descent began to see themselves.

#asian-americans, #biden-joseph-r-jr, #chin-vincent, #chinese-americans, #deaths-fatalities, #detroit-mich, #discrimination, #hate-crimes, #international-trade-and-world-market, #japan, #japanese-americans, #murders-attempted-murders-and-homicides, #race-and-ethnicity, #reagan-ronald-wilson, #trump-donald-j, #united-states, #united-states-economy

Wonking Out: Wasn’t Bitcoin Supposed to Be a Hedge Against Inflation?

Another crypto myth bites the dust.

#bitcoin-currency, #economics-theory-and-philosophy, #federal-reserve-system, #gold, #inflation-economics, #interest-rates, #internal-sub-only-nl, #international-trade-and-world-market, #united-states-economy, #us-dollar-currency, #virtual-currency

On Inflation and the Food Crisis, the World Can Work Together or Fall Apart

No single country can solve the problem of rising food and fuel costs.

#africa, #biden-joseph-r-jr, #black-sea, #coronavirus-2019-ncov, #economic-conditions-and-trends, #embargoes-and-sanctions, #federal-reserve-system, #food, #food-insecurity, #global-warming, #grain, #guterres-antonio, #inflation-economics, #international-relations, #international-trade-and-world-market, #middle-east, #odessa-ukraine, #politics-and-government, #ports, #putin-vladimir-v, #russia, #russian-invasion-of-ukraine-2022, #ships-and-shipping, #shortages, #third-world-and-developing-countries, #ukraine, #united-states-economy, #united-states-international-relations, #wheat

Climate Risks of Investments Should Be Disclosed

The Securities and Exchange Commission is pushing for more openness by corporations.

#carbon-disclosure-project-cdp, #electric-light-and-power, #global-warming, #greenhouse-gas-emissions, #intergovernmental-panel-on-climate-change, #international-trade-and-world-market, #new-york-city, #pacific-gas-and-electric-co, #pensions-and-retirement-plans, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #united-states, #weather, #wildfires, #world-economic-forum

Biden Weighs Tariff Rollback to Ease Inflation, Even a Little Bit

While lifting some levies on China is unlikely to put a large dent in inflation, administration officials concede they have few other options to address surging prices.

#biden-joseph-r-jr, #china, #consumer-behavior, #customs-tariff, #inflation-economics, #international-trade-and-world-market, #protectionism-trade, #summers-lawrence-h, #united-states-economy