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Global Trade & Economics: Page 206

Tesla Begins Hiring for Mexico Plant as AMLO Meets Executives
The relocation of companies seeking to be closer to U.S. consumers has been a boon to the Mexican economy.
Photo: Bloomberg
U.S.-China Chip War: Netherlands Moves to Restrict Some Tech Exports
Semiconductors, which power everything from mobile phones to military hardware, are at the center of a bitter dispute between the U.S. and China.
Photo: iStock.com/Mykola Pokhodzhay
U.S. Trade Deficit Grows to $68.3 Billion, Widest in Three Months
On an inflation-adjusted basis, exports of consumer goods and motor vehicles and parts climbed to a record.
Photo: Bloomberg
EU Trade Hawks Warn That U.S. Climate Law May Cost Europe Billions
The EU is still working through how to respond to Biden’s huge climate law, the Inflation Reduction Act (IRA), which will offer as much as $369 billion in handouts and tax credits over the next decade.
The battery pack of a Volkswagen ID Buzz electric microbus at the Volkswagen AG factory in Hannover, Germany. Photo: Bloomberg
Best Buy Disappoints With Sales Outlook as Consumers Retreat
The sober forecast echoes the outlooks of Walmart Inc., Target Corp. and Home Depot Inc., which all emphasized uncertainty around consumer spending and the U.S. economy.
Photo: Bloomberg
Reshoring & Reuse: How Circular Manufacturing Can Drive Value for Business and Surrounding Communities

Rooted in three core principles of social responsibility, environmental regeneration, and economic success, circular manufacturing is not just theory anymore.
Photo: iStock.com/Rudzhan Nagiev
New Brexit Trading Rules Could Take More Than Two Years to Fully Implement
Labeling products as “not for the EU” will be one of the most visible changes to result from Brexit in Northern Ireland and the rest of the U.K.
Photo: iStock.com/Tanaonte
Higher Interest Rates and Strong Dollar Slow U.S. Factory Demand
New orders for manufactured goods contracted for the sixth straight month through February, and manufacturing output is down 1.7% from its post-pandemic peak.
Photo: iStock.com/gorodenkoff
Foxconn: iPhone Maker Sees Revenue Slump as Demand Weakens
In November 2022, Apple warned that shipments of its iPhone 14 would be delayed because of the lockdown in Zhengzhou where Foxconn's mega-factory is located.
Photo: iStock.com/hapabapa
Lufthansa Joins Peers in Predicting Travel Recovery This Year
While European household and company budgets continue to get squeezed by high inflation, demand for business travel and summer getaways in particular has remained robust.
Photo: iStock.com/tarasov_vl
Wheat Import From Russia Initiated Through Gwadar Port
The Port Authority chairman said the agreement to import such a large volume of wheat was a remarkable development towards improving the natural capacity of Gwadar Port as a logistics hub in the area.
Photo: iStock.com/Aleem_khan
Chinese Cars Rise in Russia After Fury Drove Western Brands Out
The rewards Chinese companies are reaping in Russia are small compared to the geopolitical risks they’re taking.
Workers install engine blocks into a Haval F7 crossover SUV inside the Haval automobile plant, operated by Great Wall Motor Co. in Russia in 2019. Photo: Bloomberg
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