(Bloomberg) -- When South Korea decided to host a US anti-ballistic missile system, the lucrative flow of tourists from neighboring China suddenly dried up. ...
-- When South Korea decided to host a US anti-ballistic missile system, the lucrative flow of tourists from neighboring China suddenly dried up. When Australia accused Beijing of meddling in its domestic politics and demanded answers over the origins of Covid-19, China stopped buying exports like coal, wine and beef.Plunging Home Prices, Fleeing Companies: Austin’s Glow Is Fading
Beijing is “using their economic clout to entice or isolate countries,” said Jose Manuel Romualdez, the ambassador to the US from the Philippines, which is being advised by the State Department on potential new export markets and other support for its agriculture sector in the case of a Beijing boycott. Those measures could include the deployment of cold storage facilities to the Philippines for agricultural products that China might boycott.
They also point out that internal political divisions also mean that the US mostly can’t craft new trade agreements, the prized deals that would open up domestic markets to friendly nations. In a few months, Beijing blocked trade, including by deleting Lithuania from its customs system, pressured multinationals in the country to stop sourcing there, canceled trade credits and voided the official identity cards of Lithuanian diplomats in Beijing.
Joe Biden Stings Trump At White House Correspondents’ Dinner: “Donald Has Had A Few Tough Days Lately. You Might Call It Stormy Weather” Mark Meadows asked the Supreme Court to recognize his 'just following orders' defense. A right-wing justice wasn't buying it.
Bloomberg Lithuania China Beijing Economic Coercion US State Department Access Washington
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US ‘Firm’ Steps in When China Is Seen as a Bully, Not a PartnerWhen South Korea decided to host a US anti-ballistic missile system, the lucrative flow of tourists from neighboring China suddenly dried up. When Australia accused Beijing of meddling in its domestic politics and demanded answers over the origins of Covid-19, China stopped buying exports like coal, wine and beef.
Read more »
JPMorgan Deal, Easter Call Were Last Steps Before Chilean Firm WOM’s BankruptcyBofA Sees Yen Plunging to 160 Per Dollar If Fed Delays CutsTech Investment Firm Disruptive Furloughed Two-Thirds of Staff Amid Cash CrunchTesla Sales Fall Way Short of Estimates in First Drop Since 2020Russian LNG Expansion Plan at Risk Due as US Sanctions Delay ExportsSpread of Bird Flu Cases in Cattle Herds Fuels Demand ConcernsCocoa Extends Rally to Record as Dry Weather Adds to Supply WoesFidelity-Backed Fintech Targets 30% Growth, $1 Billion RevenueSurvey finds nearly half of Canadians feeling 'stuck at work'Time to shift that parked RRSP contribution into drive'Like throwing money down the drain': Food waste is out as grocery prices rise and budgets tightenDale Jackson: 4 tax tools that can keep more of your money investedConsider tapping into your home equity for retirement income: financial commentatorEmojis with service transactions can increase tipping by up to 30%, study findsHow to avoid paying t
Read more »
China Approves US Listing for Self-Driving Firm in Easing Sign(Bloomberg) -- China has greenlit a US listing by autonomous driving startup Pony.ai, raising the potential for an increase in Chinese tech initial public...
Read more »
China Approves US Listing for Self-Driving Firm in Easing SignChina has greenlit a US listing by autonomous driving startup Pony.ai, raising the potential for an increase in Chinese tech initial public offerings in New York after a more than two-year hiatus.
Read more »
Top China Banker Steps Down After Brother Becomes Markets ChiefThe president of China International Capital Corp. has relinquished his post two months after his brother was named as the head of the country’s top markets regulator.
Read more »
Yellen Does Not Rule Out Additional Steps to Protect U.S. Clean Energy Industries from ChinaU.S. Treasury Secretary Janet Yellen discusses the possibility of taking further measures to safeguard American clean energy industries from China's excessive investment and production capacity. She does not confirm whether new tariffs will be raised in talks with Chinese officials.
Read more »