Higher soyoil imports will lift India’s total edible oil imports in the year by 1% to 16.1 million tons, dealers estimated. India’s soyoil imports are poised to surge 60% year-on-year to a record high in 2024/25, as refiners boost purchases due to cheaper prices compared with rival palm oil, shipments of which are set to […]
Saudi Arabia’s crude oil exports to China are set to fall in September, slipping from a more than two-year high in August after the world’s largest exporter raised prices, several trade sources said on Monday. State oil firm Saudi Aramco will ship about 43 million barrels to China in September, or 1.43 million barrels per day […]
Trade with China displaced large parts of the American workforce in the 2000s, but Germany did not experience a similar shock at the time. This column argues that the ‘China shock’ has hit the German economy since 2020, particularly in its core automobile and machinery sectors. To avoid America’s painful de-industrialisation of the 2000s, Chinese […]
The tariff framework will apply broadly to EU exports, except for steel and aluminium, the official said. The 15% rate will also apply to cars and car parts, with no quotas or limits. The 15% tariff that European Union goods face when entering the United States is all-inclusive, unlike the deals some other countries have […]
In 2018 and 2019, the US administration hiked tariffs on imports from China. This column shows that imports from Mexico partly filled the gap, leading to an export and employment surge in Mexico. Using highly disaggregated firm-level data on Mexican exports, combined with detailed employer-employee data, the authors find that US tariffs against China resulted […]
The goods trade gap contracted 46.0% to $87.6 billion last month, the Commerce Department’s Census Bureau said on Friday The U.S. trade deficit in goods narrowed sharply in April as the boost from the front-running of imports ahead of tariffs faded. The goods trade gap contracted 46.0% to $87.6 billion last month, the Commerce Department’s […]
Despite signs of cautious improvement, India-China relations remain deeply strained by border tensions and mutual distrust. China-India relations, which have long been fraught, were further complicated by the 2020 military standoff on the Himalayan border. The political disruption had a significant impact on Chinese companies’ presence in India. And yet, India’s dependence on Chinese imports […]
