One of China’s top diplomats encouraged the world to oppose “attempts to weaponize and/or politicize supply chains” on Thursday in the context of hundreds of mysterious explosions targeting Hezbollah terrorists in Lebanon this month.
The explosions of pagers and walkie-talkies that Lebanon’s Hezbollah terrorists obtained from foreign suppliers prompt worldwide anxiety.
China’s Ministry of Commerce released data last week that showed foreign direct investment (FDI) declining for the 12th month in a row in May, slipping by 28.2 percent year-on-year. FDI hit a 30-year-low at the end of 2023.
North Korea on Monday lashed out at South Korea, Japan, and even Pyongyang’s patron China for supporting the denuclearization of the Korean Peninsula at a summit in Seoul.
India’s top diplomat, External Affairs Minister S. Jaishankar, told reporters on Friday that China’s repeated incursions across the border into India make trade with the Communist Party regime difficult, asking, “Would you do business with somebody who had just barged into your drawing room and is trying to make a mess of your house?”
On Wednesday’s broadcast of the Fox News Channel’s “Fox & Friends First,” Rep. Jeff Van Drew (R-NJ) stated that the impacts of the collapse of the Francis Scott Key Bridge in Baltimore earlier this week on the supply chain will
The economic consequences of the calamity in Baltimore are likely to be substantial.
Chinese exporters are feeling the pinch of rising shipping costs due to Red Sea terrorist attacks by the Iran-backed Houthis of Yemen, to the point that Premier Li Qiang made an oblique reference to the crisis in his speech to the World Economic Forum (WEF).
The most striking thing about President Biden announcing a special White House council on supply chains is that it took until this Monday to happen.
APEC nations signed a non-binding trade network that lacks important provisions for fair trade and market access.
President Joe Biden and Chinese dictator Xi Jinping had their much-touted face-to-face meeting in San Francisco on Wednesday, spending about four hours dining and walking the grounds at the historic Filoli estate.
The Australian government said it was responding to a “significant cyber security incident” affecting several ports that could last a multiple days.
The Congressional-Executive Commission on China heard testimony that Chinese seafood exports to the U.S. are tainted by forced labor.
The Australian Strategic Policy Institute (ASPI) reported Friday that China is now the research leader in 19 critical high-tech fields, compared to only four for the United States.
On Monday’s broadcast of the Fox News Channel’s “Your World,” Sen. Joe Manchin (D-WV) stated that while he thinks there are some positives from the Inflation Reduction Act, the Biden administration is “dispersing more out and rewarding areas where we
Former Vice President and Republican presidential candidate Mike Pence unveiled a four-point policy plan on Wednesday to combat President Joe Biden’s “inflation nightmare.”
Senior economist Luis Torres of the Federal Reserve Bank of Dallas noted on Tuesday that Mexico has replaced China as the top U.S. trading partner, racking up $263 billion in trade during the first four months of 2023. China had been the top American trading partner since 2014, when it displaced Canada.
The G7’s top financial leaders united Saturday to diversify supply chains and to support Ukraine but did not make any mention of China.
The Chinese government on Tuesday asked the World Trade Organization (WTO) to crack down on U.S. policies intended to revitalize the domestic computer chip industry.
Secretary of Transportation Pete Buttigieg has drawn intense criticism for his delayed response to the catastrophic train derailment and subsequent controlled burn of chemicals in East Palestine, Ohio, last month, marking the latest in a number of lowlights during his time in the Biden administration.
The beef cattle inventory in the United States is at its lowest point since 1962, according to data from the U.S. Department of Agriculture (USDA).
The Biden administration on Tuesday rolled out a plan called the U.S.-India Initiative on Critical and Emerging Technologies (iCET), which includes a proposal for India to begin producing military jet engines designed by General Electric.
The U.S. is already facing a shortage of prescription drugs, and industry analysts said this week it could become much worse due to China’s massive coronavirus outbreak, which is both increasing Chinese drug consumption and reducing output from manufacturers.
President Joe Biden’s public approval rating is at 40 percent, which is nearing the lowest level of his presidency, according to a Reuters/Ipsos poll.
Nikkei Asia on Tuesday reported that Apple will begin producing its MacBook line of laptop computers in Vietnam by mid-2023, a major step toward diversifying the company’s supply chain away from China.
Taiwan’s Foxconn Technology Group pumped some $500 million into its Indian subsidiary on Thursday, evidently seeking to diversify its supply chain after coronavirus lockdowns and anti-lockdown riots crippled its massive iPhone assembly plant in Zhengzhou, China, last month.
China’s state-run Global Times on Sunday gloated that a waiver from the U.S. government to take delivery on F-35 fighter jets exposed America’s “dependence on Chinese rare-earth products” and demonstrated that China can bring the U.S. military to heel whenever it wishes by choosing to “limit the export of such strategic resources to safeguard its national security.”
House Speaker Nancy Pelosi’s (D-CA) visit to Taiwan, completed in defiance of belligerent threats from the hideous regime in Beijing, drew genuine bipartisan support from U.S. lawmakers and voters alike.
The Biden administration has claimed credit for easing the backlog of cargo ships at Los Angeles and Long Beach, but the problem merely shifted east, and the cargo jam is now at record levels if East Coast ports are included.
The Chinese technology company Xiaomi announced the delivery of its first made-in-Vietnam phone handsets this week, the South China Morning Post revealed on Thursday, the latest Chinese company to move manufacturing power out of its home country in light of the Communist Party’s seemingly endless Chinese coronavirus lockdowns.
China’s state-run Global Times on Monday reversed a good deal of spin from Beijing by admitting that U.S. demand for Chinese goods is falling sharply enough to damage the Chinese economy.
Empty shelves spotted in the female hygiene sections in stores across the country are serving as the latest sign of a worsening supply chain crisis, as the country still reels from a baby formula shortage.
During an interview aired on Tuesday’s broadcast of CNN’s “Situation Room,” Treasury Secretary Janet Yellen admitted that she “was wrong” about inflation and that while “unanticipated and large shocks to the economy” are a part of the reason, she also “didn’t
On Tuesday’s broadcast of the Fox News Channel’s “Fox & Friends,” Arkansas Gov. Asa Hutchinson (R) stated that President Joe Biden is correct that supply chain problems have to be addressed, but Biden messed up the supply chain for energy,
Republican governors presented President Joe Biden with a list of demands on Thursday aimed at easing the nationwide baby formula shortage.
China’s state-run Global Times on Thursday claimed outsiders misunderstand Beijing’s increasingly bizarre “dynamic zero-Covid” strategy, and fail to appreciate how China is somehow saving the global economy tomorrow by brutally locking down cities, shuttering factories, and snarling supply chains today.
A Tennessee man has begun farming his own fish as inflation has sent grocery store costs through the roof, according to a report.
Wynter Balthrop needs a specific hypoallergenic baby formula for her eight-month-old and can’t find it. Now she has no choice but to feed her daughter a formula that upsets her little stomach.
Secretary Pete Buttigieg on Tuesday was slammed for filming an advertisement to further expand the Department of Transportation (DOT) while the supply chain crisis persists.
In short order we will start to see the effects of China’s COVID “static management” lockdown in global supply chains and the supply of goods in the United States.
