Washington Post (March 21)
“The aim of setting the cap on Russian crude at $60, roughly 20 percent below the main international benchmark price, was to whittle away at Russia’s cash hoard while still providing it with sufficient incentive to maintain exports and keep global oil markets stable. It is now time to lower the Western cap further, in increments, to $40 per barrel or less.”
Tags: $40, $60, Aim, Barrel, Benchmark, Cap, Crude, Exports, Incentive, Oil markets, Russia, Stable, Sufficient, Western
Bloomberg (January 17)
“Trade between the US and China is on track to break records, a signal of resilient links between the world’s top economies amid the heated national security rhetoric in Washington and fears of ‘decoupling.’” Data for the first 11 months of implies “imports and exports in 2022 will add up to an all-time high, or at least come very close, when the final report comes out Feb. 7.”
Tags: 2022, China, Decoupling, Exports, Fears, Heated, Imports, National security, Resilient, Rhetoric, Top economies, Trade, U.S.
Reuters (November 11)
“Signs of weakness are emerging” across the Chinese economy where “exports fell; inflation slowed; new bank lending tumbled…. Despite the authorities bucking the global trend… and deploying monetary and fiscal easing this year.” The “unexpectedly weak run of Chinese economic data” raises “the heat on policymakers to deliver more stimulus measures, but it also shows the limited effect more monetary easing and infrastructure spending can have.”
Tags: Bank lending, Economy, Emerging, Exports, Fiscal, Global trend, Inflation, Infrastructure spending, Limited effect, Monetary easing, Signs, Stimulus, Tumbled, Weak, Weakness
Reuters (October 3)
“A revival of American high-tech manufacturing” will pose a threat to South Korea’s “trade-dependent” economy. “Thanks to strong demand for South Korean-made electric cars, batteries and auto parts, shipments to the United States jumped 16% year-on-year in September. Those exports, which totaled some $96 billion last year, now look under threat. Big shifts today will have outsized effects on South Korea’s trade position down the road.”
Tags: Auto parts, Batteries, Demand, Economy, Electric cars, Exports, High-tech, Manufacturing, Revival, Shifts, Shipments, South Korea, Threat, Trade-dependent, U.S.
New York Times (December 29)
UK companies got hit with “higher costs and endless forms” in the first post-Brexit year. “While the worst of the Brexit trade disruptions are over, British exports to the European Union are down and companies are frustrated.”
Tags: Brexit, Companies, Down, Endless forms, EU, Exports, Frustrated, Higher costs, Trade disruptions, UK
The Guardian (December 24)
“The Brexit deal itself is nothing but thin gruel. It will make it much harder for Britain to sell services to EU countries, where we were once advantaged. Britons will lose their right to freely travel, work and settle in other European countries. While there will be no tariffs or restrictions on the quantity of goods that can be sold, British exports will for the first time in decades face checks on their origins and compliance with EU regulations.”
Tags: Advantaged, Brexit deal, Compliance, EU, EU regulations, Exports, Restrictions. Goods, Services, Tariffs, Travel, Work
Bloomberg (June 15)
With the U.S. and China poised for a “Great Decoupling,” many American “executives worry they will be shut out of what remains the world’s most promising market. The more the U.S. blocks the export of components like semiconductors and jet engines to China, and imposes tough sanctions on anyone who violates such bans, the more it will force not just Chinese companies to stop buying American components but those from third countries aiming to sell to China.”
Tags: Bans, China, Executives, Exports, Great Decoupling, Jet engines, Market, Promising, Sanctions, Semiconductors, U.S.
Financial Times (March 2)
“Europe as a whole, the UK included, should prepare for two foreseeable material economic shocks this year: a spread in the coronavirus and a WTO Brexit.” This may help create “the perfect storm for an economy dependent on exports and global supply chains.”
Tags: Brexit, Coronavirus, Economic shocks, Europe, Exports, Foreseeable, Material, Supply chains, UK, WTO
Chicago Tribune (October 4)
“The jobs figures carry more weight than usual because worries about the health of the U.S. economy are mounting. Manufacturers have essentially fallen into recession as U.S. businesses have cut spending on industrial machinery, computers and other factory goods. And overseas demand for U.S. exports has fallen sharply as President Donald Trump’s trade conflicts with China and Europe have triggered retaliatory tariffs.”
Tags: Businesses, China, Computers, Conflicts, Economy, Europe, Exports, Factory goods, Industrial machinery, Jobs, Manufacturers, Overseas demand, Recession, Retaliatory tariffs, Spending, Trump, U.S.
Bloomberg (July 27)
With over 300 million vehicles, China’s fleet is the world’s largest and the impact will be increasingly felt worldwide. “Secondhand car exports are starting modestly and the country will take time to catch up to more established players.” Still, it’s clear that “China will have more used cars to sell than anybody and its export business will inevitably grow into the world’s biggest.” This will place pressure on new vehicle sales as well. “Global automakers might want to strap on their seatbelts.”
Tags: Automakers, Car, China, Exports, Fleet, New, Pressure, Secondhand, Used, Vehicles, World's biggest
