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NEW YORK: Starting in early 2020, a very unlikely anomaly started appearing in global trade data: China said it was selling more goods to the U.S. than the U.S. reported buying from China.
OIL prices are signalling the need for an urgent increase in production from Opec+ and US shale companies as the global economy and oil demand recover more rapidly than expected from the pandemic.
TRADE shocks fueled by unilateral tariffs between the U.S. and China have undone three to five years worth of growth among global value chains in affected countries, according to a UN policy brief.
The US and EU resolve a long-standing trade irritant
It looks like its good news for the semiconductor sector with the World Semiconductor Trade Statistics organisation raising its global semiconductor sales forecast for this year, backed by a healthy growth trajectory.
THE chip shortage that is being experienced in the semiconductor sector is expected to have a more pronounced impact on the automotive sector compared with the consumer electronics industry.
Total exports of the wood-based sector increased 9.9 per cent year-on-year to RM6.04 billion in the first quarter (Q1) of 2021 despite the the country facing the pandemic, said the Malaysian Timber Council (MTC).
Chinese Vice Premier Liu He exchanged views with U.S. Treasury Secretary Janet Yellen on issues of mutual "concern", in his second virtual call in a week with top economic and trade officials under the U.S. Biden administration.