China
The zero-Covid strategy by the Chinese government is slowing their economy. In a rare admission, officials have lowered their GDP growth estimate, almost totally based on cities that aren’t working, especially ports.
Shanghai offered some tax rebates for companies and allowed all manufacturers to resume operations from June as authorities rolled out policies to revitalize an economy impacted by Covid-19 lockdowns.
President Biden spent last weekend in Tokyo, Japan. During the visit, Biden announced a dozen Indo-Pacific countries will join the U.S. in a “sweeping” economic initiative, primarily focused on countering China.
The U.S.-China trade war began in July 2018 when the Trump administration imposed tariffs on $550 billion worth of Chinese goods. Nearly four years later, the debate remains as to which country actually won.
Pro Farmer’s Jim Wiesemeyer is told U.S. lawmakers want Chinese import tariffs knocked down to minimize inflationary pressure. USTR Katherine Tai says tariff adjustments aren’t likely, but are on the table.
Shanghai will remain under lockdown as it reviews results of an exercise to test all of its 26 million residents for COVID-19, authorities said on Monday.
China is strengthening ties with countries beyond the U.S. and making incredible investments in its Belt and Road Initiative. How will these factors intersect with the country’s changing population structure?
U.S. President Joe Biden and Chinese President Xi Jinping spoke on a video call on Friday about Russia’s invasion of Ukraine and Chinese media said Xi underlined that such conflicts are in no-one’s interests.
We could be headed for a volatile year – or more – in both ag commodities and energy. Here are just a few reasons for strong prices.
With the U.S. on the back end of COVID-19 and the conflict between Russia and Ukraine unraveling, USTR Katherine Tai says her office is currently focused on three themes: resilience, sustainability and competition.