BUSINESS
In a move aimed at countering China's rampant export of its excess industrial capacity, U.S. President Joe Biden proposed a hefty tariff increase on Chinese steel and aluminum. The proposal came on April 17 while he addressed union workers in Pennsylvania. If approved, these imports could see their tariffs “tripled,”
Oil Used in Oreos and Toothpaste Becomes 10% More Expensive After Indonesia Bans Exports
Just days after Indonesia, the world’s largest exporter of the world’s most widely used vegetable oil...
The Understated, Yet Massive Power of Asset Management Firms BlackRock and Vanguard
Commentary Until recently, economic competition was the driving force for small and large companies...
Apple Complied With 100% of Chinese Government App Store Takedown Requests in 2020: Report
The world’s largest company acquiesced to 100 percent of App Store takedown requests made by the Chinese...
US Rail Carriers Are Cutting Fertilizer, Grain, Coal Shipments
A major U.S. railway freight carrier has ceased business with one of the largest fertilizer producers...
Years of Surging Lithium Prices Show Signs of Turbulence as Electric Vehicle Makers Adapt
In the pursuit of sufficiently-powered vehicles, a market rally for lithium has caused a sharp increase...
Biden Admin to Allow More Ethanol in Gasoline to Ease the ‘Putin Price Hike’
U.S. President Joe Biden announced that the Environmental Protection Agency (EPA) will relax a regulation...
Consumer Electronics Demand Down ‘Especially in China’ Says TSMC Chief
The head of an industry-leading semiconductor manufacturing company says consumer demand for personal...
Workplace Drug Testing Data Shows Growing Ratio of Post-accident Positives Among American Workers
A new set of data published by a leading American narcotics screening firm revealed results indicating...
China’s Online Retailer Firm JD.com Expands Layoffs as Economy Worsens
As Beijing’s regulators turn up the heat on a heavily saturated internet sector, adding financial pressure...