For China and U.S. Inc., Trump's trade war feels much worse this time
“This time is different because low-end manufacturers are already struggling with razor-thin margins, so they cannot cut prices to help their U.S. customers, and local Chinese governments that might have provided support to protect jobs are mostly too cash-strapped to give new subsidies.”
[Reuters]
U.S. pauses financial contributions to WTO
“The Geneva-based trade watchdog had an annual budget of 205 million Swiss francs ($232.06 million) in 2024. The United States was due to contribute about 11% of that based on a fees system that is proportionate to its share of global trade, according to public WTO documents.”
[Reuters]
Justice Department considers merging DEA, ATF in major shakeup
“The department is considering cuts to staffing in various sections of the Criminal Division and National Security Division, including those that handle Foreign Corrupt Practices Act cases as well as counterintelligence and export control matters.”
[Reuters]
Japan, South Korea, and China vow to strengthen trade ties amid looming U.S. tariffs
“The ministers agreed to speed up negotiations toward a free trade agreement (FTA) between the three countries, which have not been able to deliver any tangible results since the negotiations started in 2012.”
[The Japan Times]
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