The Biden administration plans to raise tariffs on Chinese electric vehicle imports to 100%, with solar products also facing increased tariffs, sparking controversy among industry associations and experts.
In April 2024, Chinas exports to Russia fell by 13.5% to $8.32 billion while imports grew by 19%. US sanctions affected trade settlements as economic interdependence and cooperation between the two countries deepened.
EU officials engage in dialogue with China to protect agricultural exports. China lifts import bans on EU agricultural products, but escalating commercial disputes raise concerns.
The US Department of Commerce Revokes Export Licenses for Qualcomm, Intel, etc. to Huawei, Aiming to Curb Chinas AI Development, Affecting Huaweis Recovery and the US Semiconductor Industry
The EU-New Zealand comprehensive trade agreement takes effect in 2024, projected to increase bilateral trade by 30% within ten years, delivering significant benefits to businesses and consumers in both regions.
U.S. Treasury announces adjustments to EV tax credit policy, eases restrictions on critical minerals like Chinese graphite, providing manufacturers with a grace period to boost industry development.
The U.S. government has allowed energy-related transactions with major Russian banks to be settled until November 1, 2024, reflecting its balancing strategy between international relations and energy demands.