Trade War

Ornua paid around €50m in US tariffs last year after Kerrygold butter got caught up in a long-running transatlantic trade war. he figure is roughly equivalent to the group’s operating profit in 2019, the year Kerrygold became Ireland’s first billion-euro food brand. It’s also the number two butter brand in…

When Donald Trump stormed into the White House in 2017, he brought with him highly unorthodox ideas about how the U.S. should trade with the rest of the world. Under his “America First” trading policy, the new president instituted heavy tariffs on things like steel, washing machines, and solar panels — raising…

A man walks past a Xiaomi store in Beijing on January 15, 2021, as shares in the company collapsed on January 15 after the United States blacklisted the smartphone giant and a host of other Chinese firms. (GREG BAKER / AFP)A US judge on Friday ordered Chinese smartphone maker Xiaomi…

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In brief: China wants to become a dominant force in technology, but in the process they may have taken a few shortcuts, which explains why it's locked into a costly trade war with the United States. Semiconductors are among the biggest pain points however, which is why the country is…

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The big picture: Europe currently accounts for just ten percent of the global semiconductor industry, but the European Commission is looking to double that over the next decade. This will involve billions in funding for R&D, as well as the construction of local foundries, both of which are crucial components…

© Reuters. FILE PHOTO: Airbus CEO Guillaume Faury By Tim Hepher PARIS (Reuters) - The head of European planemaker Airbus called on Saturday for a "ceasefire" in a transatlantic trade war over aircraft subsidies, saying tit-for-tat tariffs on planes and other goods had aggravated damage from the COVID-19 crisis. Washington…

Exports from a major Tasmanian salmon producer are finding a new home away from China, in response to Beijing’s 2020 trade war against Australia. Huon Aquaculture made the decision early last year to diversify from China, with the onset of the trade dispute reinforcing the company’s direction, according to an…

The Biden administration plans to review the phase one U.S.-China trade deal, White House press secretary Jen Psaki said on Friday. Based on publicly available data, it's hard to imagine they'll find anything other than a debacle. Driving the news: China isn't even close to fulfilling its end of the…