TradeRelations

Vietnam Expands Deal with the US: More Aircraft and LNG Purchases Amid New Tariffs

24 days ago

The Vietnamese government has signaled its intent to bolster its economic ties with the United States by committing to purchase additional U.S.-made aircraft and liquefied natural gas (LNG). This announcement comes during a transformative period marked by the introduction of new tariffs that could reshape trade dynamics between the two nations.

Indonesia Contemplates $100 Million Apple Proposal to Lift iPhone 16 Ban

30 days ago

In a move that could reshape the smartphone market in Indonesia, the government is set to evaluate a substantial offer from tech giant Apple. The proposed investment, amounting to $100 million, aims to resolve ongoing disputes that have led to the prohibition of the iPhone 16 within the country. This decision represents a critical intersection of technology and regulation, showcasing the complex relationship between global corporations and local governance.

Chinese EV Giants BYD and SAIC See Lowest European Sales in Over a Year

3 months ago

In a surprise turn of events, Chinese electric vehicle makers BYD Co. and SAIC Motor Corp. reported the lowest sales figures in Europe in more than a year, marking a sharp decline from the recent boom period for exports to the continent.

Biden Administration Proposes Ban on Chinese and Russian Car Parts

3 months ago

The Biden administration just announced that it wants to impose a wide-ranging ban on car part imports from both China and Russia. Announced on September 23, 2024, this was done based on rising national security concerns and vulnerability in the supply chain. Thus, the so-called prohibition is all set to send ripples through the global automotive market and disrupt the industry to a great extent.