Physical Trade – The News Desk

Biden Struggles to Push Trade Deals With Allies as Election Approaches

28Dec

By adminNo Comments

World

Biden Struggles to Push Trade Deals With Allies as Election Approaches

WASHINGTON—The Biden administration Thursday extended for two years a temporary measure to suspend Trump-era tariffs on European steel and aluminum, struggling to deliver on key trade policies involving close allies after nearly three years in office.Washington and Brussels have failed to find a permanent solution to eliminate the levies more than two years after the negotiations began. With the announcement, the administration will keep in place a temporary import quota system that replaced Trump-era tariffs while talks continue. The EU has criticized the temporary fix, which could be undone if Biden isn’t re-elected. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

The Dominant Dollar Faces a Backlash in the Oil Market

28Dec

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Money

The Dominant Dollar Faces a Backlash in the Oil Market

Updated Dec. 28, 2023 12:00 am ETSome major emerging economies are dabbling in trading commodities without using the dollar, as they seek to reduce their reliance on the U.S. currency.Faced with U.S. sanctions and other restrictions, Russia and Iran in particular have stepped up oil sales in alternative currencies, and have found buyers in China, India and elsewhere that are happy to buy these exports, often at lower prices.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

26Dec

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Money

China’s Yuan Is Quietly Gaining Ground

Chinese assets have had a terrible year—but China’s currency is gaining ground as an international payments option.The yuan’s status as a global currency still faces a huge obstacle in the form of China’s own capital controls. Even so, rising willingness to conduct trade in yuan could help insulate China’s economy, at least to an extent, in the event sanctions were imposed in a hypothetical future conflict with the West. It also could become a source of structural support for the yuan itself, even assuming weaker-than-expected Chinese growth in the years to come.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

U.S. Leans on Turkey to Stop Supporting Hamas and Russia

1Dec

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World

U.S. Leans on Turkey to Stop Supporting Hamas and Russia

ISTANBUL—The Biden administration’s sanctions chief warned Turkish officials that the country is fueling violence across two continents by serving as a financing haven for Hamas and a trade hub for Russia’s war machine.Despite U.S. sanctions targeting Hamas financiers over the past decade, Turkey has allowed the group’s investment firms, holding companies, real-estate brokerages and a host of other businesses to operate out of Istanbul, U.S. officials say.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Global Trade Picked Up Again in September, According to WSJ Indicator

17Nov

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World

Global Trade Picked Up Again in September, According to WSJ Indicator

Global trade flows rose for a second straight month in September, a sign that the long downturn in the movement of goods across international borders may be coming to an end.An indicator of goods trade flows developed by The Wall Street Journal and published Friday points to a 0.6% increase from August, adjusted for the seasonal ups and downs of exports of goods between countries.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

15Nov

By adminNo Comments

Health

President Biden’s Trade Gift to China

Hard to believe, but President Biden has shown stronger leadership in the Asia-Pacific on defense than on economics. His Administration had hoped to announce a skinny trade deal with allies in the region at the Asia-Pacific Economic Cooperation summit this week, but it collapsed amid opposition from progressives and unions. The Indo-Pacific Economic Framework (IPEF) trade deal was intended as a substitute for the Trans-Pacific Partnership (TPP) that Donald Trump abandoned in one of his worst decisions. IPEF doesn’t lower tariff barriers or expand market access. But its most useful contribution would be protecting digital trade on terms similar to those negotiated with Mexico and Canada in the USMCA deal. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5ed...

U.S. Shift on Global Tech Rules Jeopardizes Effort to Counter China

13Nov

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World

U.S. Shift on Global Tech Rules Jeopardizes Effort to Counter China

WASHINGTON—The Biden administration’s abrupt shift on global technology rules has weakened a critical Asia trade agreement that was intended to help counter China’s growing clout in the region.Rules facilitating digital trade, including the cross-border transfer of data on customers and supply chains, were expected to be a centerpiece of what is called the Indo-Pacific Economic Framework, or IPEF, a U.S.-led group of 14 nations. But the U.S. recently withdrew its support for those provisions, a decision that cut against the desires of some Asian allies who see common rules governing business data as a cornerstone building block for economic cooperation.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

China Is Making Too Much Stuff—and Other Countries Are Worried

10Nov

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World

China Is Making Too Much Stuff—and Other Countries Are Worried

Listen to article(1 minute)Some Chinese factories, saddled with overcapacity in a struggling economy, are trying to export their way out of trouble and stoking new trade tensions in the process.Makers of electric vehicles, solar panels and other products are cutting prices and trying harder to muscle into overseas markets as they face weakened demand at home, upsetting competitors who see threats to their bottom lines. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

South Korea’s Exports Rise After a Year of Declines

1Nov

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World

South Korea’s Exports Rise After a Year of Declines

Updated Oct. 31, 2023 9:25 pm ETSouth Korea’s October exports rose for the first time, after falling for a year, on brisk demand for transport, machinery and other goods, the latest sign of a recovery in global demand.Exports rose 5.1% compared with the same period a year earlier to $55.09 billion, following a 4.4% drop in September, according to preliminary data released by the country’s trade ministry on Wednesday. A Wall Street Journal poll of 11 economists had tipped a 6.1% increase in October.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Global Trade Picked Up in August, According to WSJ Indicator

19Oct

By adminNo Comments

World

Global Trade Picked Up in August, According to WSJ Indicator

Global trade flows rose in August after four straight months of decline, a sign that the global downturn in manufacturing activity could be coming to an end.An indicator of goods trade flows developed by The Wall Street Journal and published Thursday points to a 0.5% increase from July, adjusted for the seasonal ups and downs of exports of goods between countries.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8