The next generation of smarter and more powerful machines will rely on even more sophisticated semiconductors to achieve new capabilities. Pressure is on to “win” in the global chip race, which is why efforts to protect innovations in chipmaking are front and center in the current trade war – for better and for worse.
The Economic Policy Uncertainty index found that economic uncertainty from the trade war and Brexit has been eclipsed by the impacts of the global pandemic.
The United States argued to the WTO that tariffs against China were necessary to protect public morals. It lost the argument. Here’s how.
In response to WTO-illegal European subsidies to its aircraft industry, the U.S. administration is reportedly considering what is known as “carousel” retaliation against the EU – a regular rotation of goods targeted for tariffs, designed to impose maximum pain. The United States and Europe have been on this ride before.
European wine is getting caught in a decades old trade dispute. But tariffs on imported wines from France, Germany, or Spain are a lose-lose for the U.S. wine industry. European winemakers may just shift their exports to avoid U.S. tariff pain and grow their market share in emerging economies like China.
The U.S. and China signed a trade deal on Jan 15. Attempting to rewire China’s economic system cannot be achieved in one pass – an agreement this ambitious would have to be built in phases. What does that mean for the future of trade deals?
As negotiations continue toward a trade agreement, President Trump and President Xi of China have imposed tariffs on each country’s products in an unprecedented trade war. If you’ve lost track of how we got here, here is a handy quick guide to recent events unfolding in the ongoing U.S.-China trade war.
If you’re in the market for a bicycle to put under the tree this year, trade policy has made your choices more complicated. New tariffs on bicycles have increased prices for U.S. importers and consumers. But a higher and more generous threshold for duty-free online purchases directly from foreign retailers can be a way to escape the tariffs — but it can be a gamble.
If shoppers are worried about the U.S.-China trade war, it’s not showing up yet in measures of their buying confidence or holiday retail sales. After more than a year of dueling tariffs, American and Chinese consumers are still filling their real and virtual shopping carts to the brim.
Economists can’t tell you how tariffs impact your own business, your job or your shopping cart. Nonetheless, as tariffs are set to go higher, we look at how economists are dialing the tariffs into their forecasts about growth for the U.S. and global economy.