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
Wall Street Journal (June 18)
“The boom in U.S. oil production…has become a strategic advantage against authoritarian governments that want to use oil as a weapon. Europe’s weak economy doesn’t have to cope with an oil shock, and the U.S. can squeeze Iran’s exports without damaging the global economy.”
Tags: Authoritarian, Boom, Economy, Exports, Iran, Oil, Production, Shock, Strategic advantage, U.S., Weapon. Europe
Reuters (February 28)
“Factory activity in China contracted to a three-year low in February as export orders fell at the fastest pace since the global financial crisis, highlighting deepening cracks in an economy facing weak demand at home and abroad.”
Tags: China, Cracks, Economy, Exports, Factory, Financial Crisis, Orders, Weak demand
LA Times (November 5)
Though the “Trump administration slapped tough U.S. sanctions on Iran’s energy, banking and shipping industries,” there are “gaping holes” as the White House “granted waivers to the six largest importers of Iranian oil.” China, India, South Korea, Turkey, Italy and Japan accounted for “more than 75% of Iran’s oil exports last year.”
Tags: Banking, China, Energy, Exports, India, Iran, Italy, Japan, Oil, Sanctions, Shipping, South Korea, Trump, Turkey, U.S., Waivers
Wall Street Journal (October 17)
“Facing U.S. trade sanctions, the world’s largest exporting nation, China, is cultivating a new image—as an importer.”
Wall Street Journal (July 26)
“The Trump administration is on the verge of launching a global trade war, the magnitude of which the world hasn’t seen in a century….If all the threatened Trump tariffs take effect, and the targeted countries respond with the expected retaliatory tariffs on American exports, everyone will lose.”
Tags: Exports, Global trade war, Lose, Magnitude, Retaliatory, Tariffs, Threatened, Trump, U.S.
NBC News (June 25)
“The Trump Administration’s trade war is starting to have real impacts on farmers who grow everything from corn to cotton.” Soybeans look set to bear much of the economic pain. “Soybeans were the nation’s largest agricultural export in 2017 and China was the biggest buyer, purchasing 57 percent of the total. But since China announced the tariff, the price of soybeans has fallen by roughly 15 percent to a more than two-year low.”