Indo-Pacific Economic Framework's fate could hinge on U.S. midterm elections
“Depending on the outcome of the elections, when control of Congress will be at stake, the Democratic president may shift to an ‘ambitious’ trade approach and strive to make the fledgling IPEF initiative into a more substantial regional economic engagement amid China’s growing clout, some trade experts say.”
[The Japan Times]
U.S. to ban export of chips, chipmaking tools to China
“The Commerce Department plans to publish new regulations based on restrictions explained in letters earlier this year to three US companies … [that] forbade them from exporting chipmaking equipment to Chinese factories that produce advanced semiconductors with sub-14 nanometer processes unless the sellers obtain a license from the Commerce Department.”
China's trade falters as demand wanes at home and abroad
“China's exports and imports lost momentum in August with growth significantly missing forecasts as surging inflation crippled overseas demand and fresh COVID curbs and heatwaves disrupted output, reviving downside risks for the shaky economy.”
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