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Keyword: trade

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  • India looks beyond Russia for defense imports

    06/13/2024 2:04:08 AM PDT · by Cronos · 7 replies
    Politico ^ | 25th April 2024 | Anchal Arora
    The war in Ukraine has exposed the fabled prowess of Russian weaponry as a myth and scared off its leading overseas client. India — the world’s biggest arms importer — is drastically reducing dependence on Russian weapons, and is unlikely to make any new purchases from Russia. Earmarking $100 billion for future procurement, this now leaves a potential opening for Western arms manufacturers. Over the last 20yrs, India spent $60 billion on weapons from Russia, but the imports have been steadily declining, going from 76% 2009–2013 to just 36% in the last five years And according to Indian defense experts,...
  • A New Chinese Megaport in South America Is Rattling the U.S.

    06/12/2024 10:39:14 PM PDT · by blueplum · 24 replies
    Wall Street Journal via msn ^ | 12 Jun 2024 | Ryan Dubé, James T. Areddy
    CHANCAY, Peru—In this serene town on South America’s Pacific coast, China is building a megaport that could challenge U.S. influence in a resource-rich region that Washington has long considered its backyard.... ...The U.S. worries that China’s control over what could become South America’s first true global commercial hub will allow Beijing to further strengthen its grip over the region’s resources, deepen its influence among America’s closest neighbors and eventually plant its military nearby.... Peru’s Foreign Minister Javier González-Olaechea said...“The United States is present almost everywhere in the world with a lot of initiatives, but not so much in Latin America,”...
  • Europe forcing US companies woke with new law

    06/10/2024 4:45:05 AM PDT · by impimp · 27 replies
    fox news ^ | 9 June 2024 | Justin Haskins
    https://www.foxnews.com/opinion/europe-hell-bent-forcing-us-companies-woke-has-new-law-just In May, officials in the European Union finalized a sweeping new law that will radically change business activities around the world and, by extension, the societies they operate in. The law, formally titled the Corporate Sustainability Due Diligence Directive (CSDDD), will not only apply to companies that are based in the European Union, but also to businesses headquartered in other countries that provide products and services in the EU.
  • US plans to impose new major tariffs on Chinese EVs, equipment

    05/13/2024 1:21:23 PM PDT · by Red Badger · 11 replies
    Daily Sahbah ^ | May 13, 2024 | Staff
    This photo shows BYD electric cars awaiting to be loaded onto a ship at the international container terminal of Taicang Port at Suzhou Port, eastern Jiangsu Province, China, Sept. 11, 2023. (AFP Photo) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The Biden administration is reportedly set to impose major new tariffs on electric vehicles (EVs), semiconductors, solar equipment and medical supplies imported from China, according to a U.S. official and another person familiar with the plan. Tariffs on electric vehicles, in particular, could quadruple from the existing 25% to 100%. The people described the plan on condition of anonymity because they were not authorized to provide...
  • Di Leo: Williams-Sonoma and the Country of Origin

    05/04/2024 7:07:50 PM PDT · by jfd1776 · 9 replies
    Illinois Review ^ | May 3, AD 2024 | John F Di Leo
    “Trade Compliance” is a subset of regulatory compliance, focused primarily on export controls and the Customs rules concerning importing and duty assessment. Outside of the occasional discovery of illegal Chinese copies of branded gym shoes, or the even rarer news story about a company caught selling technology to the Iranians or North Koreans, this specialty rarely makes the mainstream news. An exception occurred as April, 2024 came to an end: the Federal Trade Commission announced a record fine against an American retail chain, Williams-Sonoma, and its subsidiaries (including Rejuvenation, Goldtouch, and the Pottery Barn family), for violations of the FTC’s...
  • Banning American gun exports

    04/28/2024 6:35:06 AM PDT · by MtnClimber · 14 replies
    American Thinker ^ | 28 Apr, 2024 | Mike McDaniel
    The Biden Administration has become quickly and justly infamous for damaging American industry in every way possible. If there’s a way to make it difficult or impossible for Americans to make lawful products or provide lawful services, if there’s a way for them to force American manufacturing out of America and into the waiting arms of our enemies, they’ve discovered and implemented it. This is nowhere as true as in the energy and firearm sectors. Graphic: Lake City Army Ammunition Plant Pallet.This morning [04-25-24], a briefing will be held by the Department of Commerce’s Bureau of Industry and Security (BIS)...
  • Biden's $7 BILLION Earth Day solar grants slammed as giveaway to China, which floods US with low-cost energy panels

    04/22/2024 12:23:55 PM PDT · by knighthawk · 9 replies
    UK Daily Mail ^ | April 22 2024 | JAMES REINL
    President Joe Biden's planned $7 billion in federal grants for residential solar projects has been slammed as a giveaway to China, which is flooding America with low-cost clean energy panels. Biden was set to unveil the grants in Virginia on Monday, part of the annual Earth Day celebrations. They will help some 900,000 low- and middle-income households install solar arrays on homes and community gardens.
  • Biden Calls for Tripling Tariffs on Chinese Metals

    04/18/2024 2:03:30 PM PDT · by nickcarraway · 17 replies
    NBC News ^ | April 17, 2024 | Gabe Gutierrez, Bianca Seward and Zoë Richards
    The president made the announcement in an address to union workers in Pennsylvania.President Joe Biden called for tripling tariffs on Chinese steel and aluminum Wednesday when he spoke to union members in battleground Pennsylvania. In remarks at the headquarters of the United Steel Workers, Biden said that China was "cheating" in its steel trade practices and that the Office of the U.S. Trade Representative — the federal agency charged with developing U.S. trade policy — is investigating the Chinese government's practices tied to the trade of steel and aluminum. "If that investigation confirms these anti-competitive trade practices, then I’m calling...
  • Biden: ‘It never occurred’ to Trump to take competitive stance on China

    04/17/2024 12:17:33 PM PDT · by ChicagoConservative27 · 46 replies
    The Hill ^ | 04/17/2024 | ALEX GANGITANO
    President Biden argued that it never occurred to former President Trump to take a competitive stance against China, while rolling out a slew of actions Wednesday intended to protect the U.S. steel industry from Chinese exports. Biden was in Pittsburgh at the United Steelworkers headquarters touting the new actions, which involves him calling on the Office of the U.S. Trade Representative to consider tripling the existing 7.5 percent tariff rate on Chinese steel and aluminum imports. The president also said to boost competition with China, he has revitalized partnerships in the Pacific with countries like India, Australia, South Korea, the...
  • Hamas says it does not have 40 Israeli hostages to trade in cease-fire deal

    04/10/2024 8:56:39 AM PDT · by ChicagoConservative27 · 71 replies
    The Hill ^ | 04/10/2024 | LAURA KELLY
    Hamas has told negotiators it does not have 40 Israeli hostages that it can release as part of a temporary cease-fire deal with Israel, a source familiar with the talks confirmed to The Hill. The admission raises questions over how many of the remaining hostages kidnapped Oct. 7 are alive and who is holding them. Israel says 129 hostages out of more than 240 abducted that day — mostly Israelis and dual nationals — have yet to be released. The Biden administration is pushing a plan to have Israel and Hamas agree to a six to eight week cease-fire that...
  • Greece would 'absolutely' be interested in purchasing Canadian LNG: Greek PM

    03/26/2024 7:18:47 PM PDT · by Jonty30 · 5 replies
    https://www.ctvnews.ca/ ^ | March 24, 2024 | Spencer Van Dyk
    Greece would “of course” be interested in purchasing Canada’s liquefied natural gas (LNG) if the resource could be made available to the Mediterranean country, Greek Prime Minister Kyriakos Mitsotakis says. Mitsotakis sat down with CTV’s Question Period host Vassy Kapelos in Montreal for an exclusive interview airing Sunday, during the prime minister’s visit to Canada over the weekend. Canada has eight LNG projects “in various stages of development,” according to Natural Resources Canada. The first export facility is slated to begin operations next year with shipments destined for some Asian countries. But whether Canada can and should plan to also...
  • 'Major Win’ – Amish Farmer Persecuted By Feds Can Now Sell Raw Milk Out-of-State

    03/20/2024 12:53:54 PM PDT · by khelus · 13 replies
    Info Wars ^ | March 20th 2024 | by Kelen McBreen
    Amos Miller, an Amish farmer in Lancaster County, Pennsylvania, will be allowed to sell his raw milk products out-of-state following a ruling this week by Lancaster County Judge Thomas Sponaugle. Attorney and podcast host Robert Barnes, who represents Miller in the case, labeled the decision a “major win” for the farmer. “Court agreed to modify injunction so that it only applies within the state of Pennsylvania removing the ban on sales to customers outside state,” he wrote, thanking Rep. Thomas Massie (R-Ky.) and independent presidential candidate Robert F. Kennedy Jr. for their support. ...........
  • Chinese 'spy cranes' in US shipping ports ARE equipped with secret modems that could be used for espionage or sabotage, probe finds......

    03/07/2024 9:18:59 PM PST · by caww · 9 replies
    Daily Mail ^ | 3/8/2024 | Keith Griffith
    An investigation has revealed suspicious communications devices inside Chinese-made cargo cranes used widely at US ports, supporting fears that the equipment could be part of an espionage plot. Cranes made by Shanghai Zhenhua Heavy Industries (ZPMC), a state-owned Chinese company, in some cases carry cellular modems, according to a congressional investigation reported by the Wall Street Journal on Thursday. The modems offer a potential backdoor for remote access, and do not appear to support the normal operations of the equipment, the investigation found. The discovery of the modems, which had not been previously disclosed, supports growing fears in US intelligence...
  • ‘Clearly Overlooked This’: Probe Finds Strange Communication Devices On Chinese Cranes In US Ports

    03/07/2024 11:28:39 AM PST · by CFW · 27 replies
    Daily Caller ^ | 3/7/24 | Jake Smith
    A congressional investigation has discovered strange communication equipment on Chinese-built cargo cranes at U.S seaports, The Wall Street Journal reported on Thursday. Rather than building them domestically at potentially higher costs, the U.S. relies heavily on Chinese-built cargo cranes that are relatively cheap to produce and equip at seaports across the country. The congressional probe discovered that several of these cranes, built by Chinese mega-manufacturer ZMPC, contain communications devices that were not requested or don’t appear to support standard operations, heightening existing espionage concerns, according to the WSJ. U.S. intelligence has warned that Chinese cranes – equipped with an array...
  • New York's Attorney General Makes A Fool Of The Governor

    03/04/2024 5:34:28 AM PST · by MtnClimber · 37 replies
    Manhattan Contrarian ^ | 2 Mar, 2024 | Francis Menton
    Two weeks ago, on February 16, in a case brought by New York Attorney General Letitia James, Justice Arthur Engoron of the New York State Supreme Court issued his decision ordering Donald Trump to pay some $355 million of “disgorgement” penalties. The stated basis for imposing these extraordinary penalties was Trump’s supposed “fraud” of exaggerating the value of some of his properties on financial statements submitted to a bank. No one had been damaged by Trump’s conduct, and the bank in question had neither complained nor sought any relief; however, the Attorney General asserted, and the judge agreed, that a...
  • Di Leo: The American Economy and the Chinese Assault

    03/01/2024 2:28:19 PM PST · by jfd1776 · 3 replies
    Illinois Review ^ | March 1, AD 2024 | John F Di Leo
    Log onto Facebook. Before you know it, you’ll see ads from Temu or Wish, pitching cheap products. Or open your old email account, the one that you’ve had for years, so it gets the most spam. Every other message is an offer from some unknown store, selling the sort of thing in which a person like you just might be interested. Or log onto Amazon and look for something, anything at all. Twenty percent of the hits, maybe more, will be “sponsored” items, often from a brand you’ve never heard of. Of course, you can shut down the internet, close...
  • Durable-goods orders drop 6.1% in January on fewer airplane contracts

    02/27/2024 6:03:28 AM PST · by Eccl 10:2 · 8 replies
    MarketWatch ^ | 02/27/24 | Jeffrey Bartash
    The numbers: Orders for durable or long-lasting goods sank 6.1% in January, but the decline was exaggerated by a brief lull in orders for Boeing passenger planes. Economists polled by The Wall Street Journal had forecast a 5% decline. New orders fell by a mild 0.3% last month if planes and cars are stripped out. Orders minus transportation give a more accurate view of how well businesses are performing.
  • Biden’s War on Domestic Energy Intensifies

    02/19/2024 3:37:05 PM PST · by george76 · 8 replies
    Real Clear Investigations ^ | February 18, 2024 | Matt Egan & Brent Bennett
    On Jan. 26, Joe Biden took an aggressive step forward in his war on American energy by halting the permitting of new liquified natural gas (LNG) export terminals. This action has massive global implications, as TPPF’s Mark Mills laid out when the decision was publicly announced. It also has the added benefit .. of attacking primarily Texas and Louisiana, red states that account for the bulk of U.S. LNG exports. This decision comes on the heels of Texas taking steps to secure its border with Mexico, putting the state directly at odds with the administration—once again. But the politically motivated...
  • Iran Transported $2.8BN Worth Of Oil In 2023 Under Washington's Nose

    02/17/2024 9:45:06 PM PST · by SeekAndFind · 7 replies
    The Cradle ^ | 02/17/2024
    Iran was able to transport $2.8 billion in oil to customers in 2023 using insurance from a US-based company, despite sanctions imposed on Iranian oil sales by the US Treasury, an investigation published by The New York Times (NYT) on Friday has found. The oil was transported aboard 27 tankers, using liability insurance obtained by the New York-based American Club. Tankers are typically required to have liability insurance to enter international ports, meaning the US Treasury could have blocked the sale of this oil by demanding the American Club revoke insurance for the tankers.NYT says the 27 tankers were able...
  • Biden Bets Against American LNG - The president’s pause on liquefied natural gas export permitting puts politics above policy.

    02/14/2024 5:52:40 AM PST · by MtnClimber · 7 replies
    City Journal ^ | 13 Feb, 2024 | Quill Robinson, Jordan McGillis
    On January 26, President Joe Biden announced a “pause” on federal approval for new liquefied natural gas (LNG)–export terminals. While the Department of Energy’s indefinite suspension and order for new environmental analyses may keep the president’s reelection hopes above water, it will harm America’s long-term economic and geopolitical interests. Further, the policy may not even serve its ostensible purpose of reducing greenhouse-gas emissions. Ten months from Election Day, the president’s campaign likely thinks that renewed attention on his climate agenda will rouse support among progressive Democrats, who have drifted from Biden in recent months. By rallying his political coalition, however,...