Tesla vehicles are parked outside of a building during a meeting between Tesla CEO Elon Musk and Chinese Premier Li Keqiang in Beijing in 2019. Tesla is a company with both high reliance on North American technology and Chinese supply chains.
(AP Photo/Mark Schiefelbein)
Research suggests that two factors are most important when making decisions on how businesses should respond to the U.S.-China trade war: location and supply chain dependence, and technology.
The proposal is likely to mean economic and diplomatic costs for Australia, and should ring alarm bells in Canberra.
U.S. President Joe Biden shakes hands with Prime Minister Justin Trudeau as they meet in the Oval Office of the White House on Nov. 18, 2021, in Washington.
(AP Photo/Evan Vucci)
Amid another flurry of U.S. protectionist measures, Canada should reconsider the value of global trade deals over bilateral agreements. But it should also support its own industries.
A bottleneck in the global shipping network will accelerate the move to more local production and shorter supply chains.
The container ship ran aground in the Suez Canal on March 23, blocking the passage of other ships and causing a traffic jam for cargo vessels.
EPA-EFE/Media Suez Canal Head Office
Niccolò Pisani, International Institute for Management Development (IMD)
Whether you like it or not, the globalised world will survive Donald Trump and the pandemic.
‘The Meeting of Two Worlds,’ a sculpture at L'Anse aux Meadows, commemorates the meeting of Vikings and Native Americans around the year 1000.
D. Gordon E. Robertson/Wikimedia Commons
The allure of novel goods was so strong that it triggered 1,000 years of trade and interactions among people from different places, but there were limits on globalization then that no longer exist,
A woman wearing a mask walks with empty cart in Guangzhou, China.
Alex Plavevski/EPA
In time of crisis like today, instead of blaming one another, countries should foster international cooperation.
While tariffs have a direct impact on exporters in the US and China, third-party countries like New Zealand are more affected by non-tariff barriers.
EPA/Aleksandar Plavevski
Hongzhi Gao, Te Herenga Waka — Victoria University of Wellington e Ivy Guo, Te Herenga Waka — Victoria University of Wellington
So far, New Zealand exporters have not been affected by the trade war between the US and China, but the Hong Kong crisis could easily embroil any foreign company.
Australia’s future prosperity will require bold action on a number of fronts and a deliberate commitment to careful and considered long-term thinking.
Hendra Pontomudis / unsplash
If the right changes are made today, Australia’s living standards could be up to 36% higher in 2060. This translates into a 90% increase in average wages (in adjusted, real terms) from today.
Fireworks explode over the Toronto skyline, during the opening ceremonies for the Pan Am Games in July 2015. Toronto is among several global cities that are driving trade in services among countries.
THE CANADIAN PRESS/AP-Rebecca Blackwell
Cities have not been central to public policy discussions on trade growth and diversification that are typically centred on trade pacts between countries. But cities are now driving a lot of trade.
US President Donald Trump and Chinese President Xi Jinping are set to meet again at the G20 in Buenos Aires, at a pivotal moment in world economic history.
AAP/EPA/Roman Pilipey
At a time when the rules-based trading system is being shredded and the Paris Agreement risks unravelling, it is vital that the G20 meeting between the two superpowers is a constructive one.
When he meets the US president this week, the prime minister will talk about the North Korean nuclear threat, the rise of China, and the rebranded Trans-Pacific Partnership.
Shipping constraints are costing Australian exporters.
AAP
Ronald Labonte, L’Université d’Ottawa/University of Ottawa
NAFTA renegotiations may see provisions from the Trans-Pacific Partnership revive like zombies. We must remember their failures - on income inequality, labour and environmental protection.