There Are Shifting US-China Trade Dynamics and WTO Reform
The US's top trade official, Katherine Tai, suggested to the BBC that the sharp decline in trade with China might not be all bad news, hinting at potential benefits from diversification.
Over 11,000 Asylum Seekers Wait on Mexican Side as Migrant Surge Tests Legal Pathways
While thousands of migrants illegally enter the US each day, over 11,000 people remain in shelters and camps on the Mexican side of the border, according to community leaders.
U.S. Announces $12 Billion Fund for Advanced Vehicles and Suppliers
The U.S. Energy Secretary Jennifer Granholm revealed plans for the Biden Administration to allocate $12 billion in loans and grants to automakers and suppliers, aimed at facilitating the transformation of their facilities to produce electric vehicles (EVs) and other advanced vehicle technologies.
Strengthening Ties: US and Taiwan Forge Semiconductor Supply Chain Partnership
In a conversation with Lotta Danielsson, Vice President of the U.S.-Taiwan Business Council and editor of the report "U.S., Taiwan, and Semiconductors: A Critical Supply Chain Partnership," Taiwan's significant role in the semiconductor supply chain is discussed.
US Inflation Falls, but Challenges Persist in Reaching Fed's 2% Target Amid Economic Pressures
Inflation in the US has dropped from 9% to 3% over the past year, but reducing it to the Federal Reserve's 2% target rate proves to be a tougher task.
The US has not gone through a recession
According to a recent report by ISS ESG, a full-blown recession has not occurred, but there has been a lackluster performance in a low-growth environment, coupled with high inflation, interest rates, and tighter liquidity due to a recent banking crisis.
Former US and South Korean Officials Discuss the Need for Western-led Trade Pacts in Asia
During a panel discussion, former officials from the US and South Korea debated the necessity of having both the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Indo-Pacific Economic Framework (IPEF) in the Asia-Pacific region.
U.S. Treasury Secretary Janet Yellen Highlights the Importance of Strengthening Ties with Vietnam
U.S. Treasury Secretary Janet Yellen emphasized the importance of strengthening economic and security ties with Vietnam during her visit to the country, as part of the United States' efforts to build relationships in Asia.
Second Sourcing in Defense Supply Chains: A Solution for Strengthening Resilience
Op-ed authors Olivia Letts and Jerry McGinn suggest that the US defense industry should consider implementing second sourcing as a solution to supply chain limitations and enhance resilience.
Federal Reserve Chair Powell Reaffirms Expectation of Further Rate Hikes Amid Persistent High Inflation
Federal Reserve Chair Jerome Powell reaffirmed the likelihood of raising interest rates at least once more this year due to persistent inflation in the service sector and a tight job market.
US Government Probes Autonomous Braking Complaints in Freightliner Trucks
The National Highway Traffic Safety Administration (NHTSA) is investigating complaints regarding the automatic emergency braking system in Freightliner Semis.
Comparing the US and Europe: The Electric Vehicle Landscape
European governments have traditionally been more aggressive in regulating fuel consumption, but the United States is catching up with strict emissions regulations and fines for automakers that fail to meet EV sales targets.
Bankruptcy filings are surging
The number of bankruptcies among U.S. companies has been rising, reaching levels higher than any year since 2010.
The United States is Falling Behind in the Arctic Race
Concerns have been raised about the United States' potential loss in the Arctic race, with the melting of Arctic ice opening up trade routes and making natural resources more accessible.
Renewal of the US trade deal is delayed
The Generalized System of Preferences (GSP) expired in 2020, ending the tariff-free access over 100 countries had to the United States market.
USPS mail volume is slowing down
The decline has been consistent for the last 15 years, but speeding up in the short term.
Relationship worsens between US & China, according to DHL global trade report
While it may not be “breaking” news to anyone, the DHL Global Connectedness Index 2022 is showing that the frayed ties between the two powerhouse nations only seem to be getting looser.
U.S. - EU working on preliminary EV mineral agreement
In the race to fully transition to green energy, investments are rampant on both sides of the Atlantic Ocean to integrate electric vehicles and other sources of clean energy.
Atlantic Council data shows that US manufacturing input is on the rise
This is continuing the trend of “mixed data” and uncertainty in the sector as the United States takes aim at where China dominates.
Recession or not: mixed signals are abundant
The usual economic indicators for a recession aren’t coinciding with what economists are used to… creating mass confusion.