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SnapshotsApr 4, 2025 | 18:20 GMT
Cranes unload shipping containers from a ship at a port in Qingdao, in eastern China's Shandong province, on April 2, 2025.
China Abandons Restraint With Latest Trade Salvo Against the U.S.
China's retaliatory measures against U.S. tariffs signal a significant escalation of the trade war and will dim the prospects of near-term talks, but the greater economic stakes for both countries will increase the likelihood of a trade deal in the medium to long term and will likely drive China to expand domestic stimulus measures. On April 4, China levied wide-ranging economic restrictions against the United States after U.S. President Donald Trump announced 34% reciprocal tariffs on most Chinese imports on April 2. The Chinese restrictions include a 34% tariff on all U.S. imports (with no exemptions) effective April 10, as well as an export licensing system on seven rare earth elements and related compounds, though the U.S. market was not explicitly mentioned. China also added 16 U.S. firms (mainly defense companies, and no household names) to its export control list, and added 11 U.S. defense firms to its Unreliable Entity
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United States
China
Economics
Global Trade
AssessmentsFeb 26, 2025 | 17:31 GMT
A photo of the U.S. Capitol overlaid with a pixilated blue and red pattern.
The Future of AI Regulation Under the West's New Leadership
The Trump administration will maintain the United States' strongly pro-innovation AI policy, and although the European Union may partially rethink its pro-regulatory position, divisions within the bloc will enforce continued provisions for AI safety. With a new administration in the United States and a new European Commission in the European Union, both jurisdictions are attempting to define their policies on artificial intelligence amid the global AI race, primarily by weakening AI regulations. For instance, U.S. President Donald Trump's administration is pledging to roll back the country's few AI rules and ensure that no new burdensome requirements stifle AI innovation. Meanwhile, some European leaders are raising concerns about Europe's ability to compete in AI development and rollout, as well as leverage AI to enhance economic competitiveness more broadly, amid the bloc's heavy regulatory environment. Thus, on both sides of the Atlantic, there appears to be a growing consensus that concerns over
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United States
China
Europe
Cyber
Economics
Environment, Science & Technology
Politics
AssessmentsFeb 13, 2025 | 22:06 GMT
The OECD logo is seen at the organization's headquarters in Paris, France, on Dec. 5, 2024.
The Impact of Trump's Withdrawal From the OECD Global Tax Deal
U.S. President Donald Trump's decision to pull out of an international tax agreement and investigate whether other countries impose extraterritorial or discriminatory taxes on U.S. companies could open the door to trade retaliation and punitive tax measures targeting foreign companies and individuals, as well as a broader conflict over the taxation of U.S. tech companies. One of the ''Day One'' executive orders Trump signed on Jan. 20 stated the United States would no longer honor any commitments made by former President Joe Biden to the Organisation for Economic Cooperation and Development, or OECD, as part of a global tax deal reached in 2021, in which 140 countries agreed to impose a global minimum tax on large multinational companies (the bulk of whom are based in the United States). The order also directed the U.S. Treasury Department and the U.S. Trade Representative, or USTR, to investigate other countries' tax policies to
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United States
Europe
Economics
Politics
SnapshotsFeb 4, 2025 | 21:25 GMT
Stacked shipping containers are seen at Yantian Port in Shenzhen, China, on Dec. 1, 2024.
New U.S. Tariffs on China May Be Negotiable, but a Broader Trade Deal Remains Unlikely
U.S. tariffs and China's limited retaliation will likely yield negotiations on stemming flows of Chinese fentanyl into the United States, but likely additional U.S. tariffs will see Beijing escalate its retaliation, making a broader trade deal unlikely due to the wide scope of U.S. grievances and Chinese reticence to concede on sensitive issues. On Feb. 4, China's finance ministry announced 10-15% tariffs on imports of U.S. liquefied natural gas, coal, crude oil, farm equipment and large-engine vehicles that will enter into force on Feb. 10. China's market regulator also announced an investigation into U.S. tech giant Google for potential violations of China's Anti-Monopoly Law, while China's commerce ministry placed PVH -- the parent company of U.S. clothing brands Tommy Hilfiger and Calvin Klein -- and U.S. biotechnology company Illumina on its Unreliable Entity List (UEL), subjecting them to potential sanctions. In addition, China's commerce ministry placed export licensing regimes on
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United States
China
Economics
Global Trade
Politics
SnapshotsFeb 3, 2025 | 21:59 GMT
The U.S. and EU flags are seen next to each other.
Gauging the EU's Response to Potential U.S. Tariffs
In the likely case that the United States imposes higher tariffs on the European Union, the bloc will impose retaliatory tariffs on U.S. goods while simultaneously pursuing a negotiation with Washington, but this may not be enough to prevent a lengthy trade war. U.S. President Donald Trump's Feb. 1 threat to impose higher tariffs against the European Union has generated calls for both retaliation and dialogue in Europe. On Feb. 2, a spokesperson from the European Commission said that ''the European Union would respond firmly to any trading partner that unfairly or arbitrarily imposes tariffs on EU goods.'' On Feb. 3, French President Emmanuel Macron said ''If we are attacked in terms of trade, Europe -- as a true power -- will have to stand up for itself and therefore react,'' while Danish Prime Minister Mette Frederiksen called for ''a collective and robust response'' against the United States. Other EU
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United States
Europe
Economics
Global Trade
Politics
On GeopoliticsJan 15, 2025 | 21:19 GMT
U.S. President Joe Biden gestures to reporters after landing on the South Lawn of the White House on Sept. 22, 2024, in Washington, D.C.
Trump's Asia-Pacific Approach Will Test Biden's Gains
The United States' policy in the Asia-Pacific is set to grow more assertive once Donald Trump returns to the White House on Jan. 20. Where outgoing President Joe Biden prioritized alliance building in the region, Trump is likely to take a stance in which immediate tangible gains for the United States will take precedence, possibly at the direct expense of other countries, and not only against rivals like China but against long-time allies like Japan, South Korea, Australia and the Philippines as well as more newly cultivated relationships with the likes of Indonesia and Vietnam. Trump is likely to further spike U.S.-China trade tensions, the downstream effects of which risk straining key regional partnerships, particularly in the context of trade ties, while Trump will take a less multilateral approach to U.S. regional interests and expect greater defense burdens from U.S. allies. Together, these factors suggest the Trump administration's relationship with
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United States
Asia-Pacific
Australia
China
Indonesia
Japan
Malaysia
Philippines
South Korea
Taiwan
Vietnam
India
Economics
Military & Security
Politics
On GeopoliticsDec 23, 2024 | 17:18 GMT
Previewing Trump's Tech Policies
U.S. President-elect Donald Trump's policy preferences in many areas, such as trade and immigration, are generally clear. But there is much more uncertainty about his stance on various tech issues, including the regulation (or lack thereof) of AI, online content, data and monopolistic business practices. However, recent statements made by both Trump and other prominent Republican lawmakers, along with Trump's newfound close relationship with mogul Elon Musk, do offer some insight into how his next administration will approach these issues once it takes office on Jan. 20.
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United States
China
Environment, Science & Technology
Military & Security
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