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Nino Abdaladze

ITC: US Importers Paid for Trump's China Goods Tariffs

ITC: US Importers Paid for Trump's China Goods Tariffs

The Lede: U.S. importers bore nearly the entire weight of tariffs imposed on over $300 billion worth of Chinese products during Trump's presidency, leading to increased expenses for American businesses, according to a study by an independent U.S. government entity. What we know: * The findings from

Chinese Businesses Turn to Vietnam Amid Eased Restrictions and Trade War

Chinese Businesses Turn to Vietnam Amid Eased Restrictions and Trade War

The Lede: Vietnam has seen a surge in investment as China’s relaxation of the stringent virus-containment measures led to a wave of interest from companies and suppliers trying to escape the impact of Sino-U.S. trade tensions. What we know: * Following the end of China's zero-COVID policy

China's Wine Tariff Triggers Crisis for Grape Growers in Australia

China's Wine Tariff Triggers Crisis for Grape Growers in Australia

The Lede: China’s wine tariffs have taken a toll on Australian winemakers who struggle to keep their businesses going, grappling with an excess of red wine and declining grape prices, amid strained relations. What we know: * The demand for Australian red wine has further surged this year, leaving farmers

Potential U.S. Ban Looms if TikTok's Chinese Stakeholders Fail to Sell Stake

Potential U.S. Ban Looms if TikTok's Chinese Stakeholders Fail to Sell Stake

The Lede: The Biden administration has called for ByteDance, the Chinese parent company of TikTok, to sell its shares in the U.S. version of the app, warning for the potential nationwide ban of the widely-used video platform. What we know: * TikTok spokesperson Brooke Oberwetter told Reuters that the warning

SCO Nations Commit to Collaborate on Developing Alternative Fuels

SCO Nations Commit to Collaborate on Developing Alternative Fuels

The Lede: Energy ministers of China, Russia, India, and other members of the Shanghai Cooperation Organisation (SCO) agreed to work together on emerging fuels, such as hydrogen and ammonia, as well as biofuels like ethanol, linking these nations that are emerging as significant fuel producers and consumers. What we know:

China Cuts Steel Output for Green Objectives

China Cuts Steel Output for Green Objectives

The Lede: China is set to reduce its yearly crude steel production in 2023 for the third consecutive year, as the government enforces output restrictions in an effort to decrease carbon emissions and mitigate the environmental impact of heavy pollution. What we know: * Being the world’s largest producer and

India Urges Traders to Avoid Settling Foreign Trade in Chinese Yuan

India Urges Traders to Avoid Settling Foreign Trade in Chinese Yuan

The Lede: India has reportedly urged banks and traders to abstain from utilizing the Chinese yuan to pay for Russian imports due to longstanding political tensions with China. Three government officials and two banking sources confirmed the move with Reuters, indicating that India is seeking to distance itself from the