Category: Trade

SemiconductorsTrade

European Auto Industry Braces for Semiconductor Supply Disruption Following China’s Nexperia Export Restrictions

European automotive manufacturers are activating emergency response protocols as China moves to restrict exports from chipmaker Nexperia. Industry leaders warn of potential production halts reminiscent of the 2021 semiconductor crisis, with companies establishing task forces and daily supply chain assessments.

Automotive Industry Reacts to Semiconductor Supply Threat

European carmakers are reportedly deploying strategies similar to those used during the COVID-19 pandemic as they prepare for potential semiconductor shortages. This development comes after China moved to restrict outbound shipments from Nexperia, a crucial chipmaker for the automotive industry that operates under Chinese ownership.

by Darren Holt
PolicyTrade

US Sets Economic Growth, Regulatory Reform and Energy as Cornerstones of Upcoming G20 Leadership

The United States has identified economic growth, deregulation and energy as primary focus areas for its upcoming G20 presidency, sources familiar with Treasury Secretary Scott Bessent’s remarks indicate. The announcement comes amid questions about how the US approach might differ from previous G20 priorities, particularly regarding climate change and multilateral cooperation.

US Outlines G20 Presidency Agenda

The United States will prioritize economic growth, deregulation and energy as key objectives during its upcoming G20 presidency next year, according to reports from Treasury Secretary Scott Bessent’s recent remarks to global finance officials. Sources familiar with the comments indicate the announcement was made during a G20 meeting alongside the International Monetary Fund and World Bank annual gatherings in Washington.

by Natalie Brooks
PolicyTrade

U.S. Accuses China of Economic Coercion Through Shipbuilding Sanctions on South Korean Firm

The United States has accused China of attempting to “coerce” South Korea through sanctions targeting Hanwha Ocean’s U.S. shipbuilding operations. According to reports, the measures aim to undermine cooperation between Washington and Seoul on revitalizing American shipbuilding and manufacturing capabilities.

U.S. Condemns Chinese Sanctions as Economic Coercion

The United States State Department has characterized recent Chinese sanctions against Hanwha Ocean’s American affiliates as an attempt to “coerce” South Korea and undermine bilateral cooperation, according to reports from Reuters. Sources indicate the sanctions represent the latest escalation in economic tensions between Washington and Beijing.

by Darren Holt