President Joe Biden is calling for tripling tariffs steel from China to protect American producers from cheap imports, an announcement planned for Wednesday in a speech to steelworkers in Pennsylvania, a crucial state for the November election. The measure reflects the intersection between Biden’s international trade policy and his efforts to attract voters in a […]
Tag: China
Chinese steel, the “atomic bomb” that threatens the steel industry
Ten million tons of steel chinese flooded Latin America last year, a record that threatens the regional steel industry: “Closing Huachipato would be an atomic bomb”says Carlos Ramírez, a worker at the main Chilean steel factory that is reeling from the tough competition from China. Huachipato, in Talcahuano, 500 km south of Santiago, announced the […]
UNMSM: they will analyze the role of Latin America in the conflict between the United States and China
Researchers and professors from the Faculty of Economic Sciences will discern the struggle between global powers. Price of the dollar in Peru today: what is the exchange rate for this Saturday, April 13? Fonavistas will receive a new disbursement no later than April 23, according to the Ad Hoc Commission The competition between the United […]
German Chancellor arrives in China amid trade tensions
He german chancellor Olaf Scholz came to China on Sunday in a visit focused on the increasingly tense economic relationship between both countries and the differences regarding the Russian invasion of Ukraine. Scholz’s first destination was the industrial hub of Chongqing, where he and his delegation of ministers and business leaders will visit a company […]
Why would the US defend the Philippines against Chinese influence at sea?
The relationship between USA and Philippines narrowed since President Ferdinand Marcos came to power in June 2022, driven by the actions of Beijing in the region of Asia–Peaceful and in particular in the sea of China Southern. A key issue of concern is the South China Sea, where incidents between Chinese and Philippine ships are […]
Cambodia plans to build, with Chinese financing, a canal that links its capital and the sea
The government of Cambodia announced that it is studying building a controversial canal that would allow Phnom Penh to have access to the sea, a pharaonic project with a cost of about US$ 1.7 billion and financed by China. “The canal is a historic project that will benefit our people”declared Prime Minister Hun Manet during […]
IMF advises China to orient its economy towards services to correct overcapacity
The managing director of International Economic Fund (IMF), Kristalina Georgievarecognized this Thursday that China has excess capacity in some of its sectors and recommended the Asian giant orient its economy towards services. “We recognize that over the years there have been sectors in the Chinese economy aware of the existence of excess capacity“, he pointed […]
Peru will be the center of trade between South America and Asia with the port of Chancay: “It will mark a milestone”
Trade relations between Peru and China will be considerably strengthened in 2024 with the inauguration of the port of Chancay, as Diana Pita told La República. The economic specialist of the Asian giant also explained that, in 2023, the country registered the sum of US$23,000 million in exports to the Chinese market. Pita ended her […]
The US and Japan strengthen their military alliance to counter China
With the intention of stopping the dizzying rise of China, the American president, Joe Bidenand the Japanese Prime Minister, Fumio Kishida, announced this Wednesday a series of measures that represent the largest remodeling of the military alliance between the two countries in 65 years and that include agreements on defense and technology. The announcement came […]
The European automotive industry asks the EU to boost demand for electric vehicles
The European Automobile Manufacturers Association (ACEA) asked today to the EU “a robust industrial plan” so as not to lose competitiveness, which includes financing, incentives and access to raw materials, as well as the creation of demand for electric vehicles and the deployment of electric charging and hydrogen refueling points. “The manufacturers of automobiles of […]