While the U.S.-China trade war has been getting the headlines, investors from China are running into resistance in countries around the world, including the United States. Typically, governments welcome foreign investment, especially local governments, as a mechanism to create—or save—jobs, reinvigorate their economies and gain access to new technologies. Growing investment outflows from China, however, are pushing some national governments to take a more skeptical look at Chinese money. In a measure aimed primarily at China, Congress strengthened the ability of the Committee on Foreign Investment in the United States, known as CFIUS, to review and block transactions that might [...]
On Aug. 2, Canada’s foreign minister, Chrystia Freeland, posted a statement on Twitter criticizing the arrest of a prominent female activist in Saudi Arabia, Samar Badawi, one of several civil society activists, many of them women, to be detained recently in the kingdom. The next day, Canada’s Foreign Ministry posted another critical tweet, calling on Saudi authorities “to immediately release them and all other peaceful #humanrights activists.” The Saudis quickly responded by expelling the Canadian ambassador and halting all pending trade and commercial agreements, and the spat is still escalating. So far, Prime Minister Justin Trudeau has refused to shift [...]
America’s trade war with China is back on. But where it is headed, no one knows. Just after midnight on July 6, the United States began collecting 25 percent tariffs on $34 billion in imports from China. Beijing immediately retaliated with similar duties on U.S. exports. President Donald Trump has already ordered tariffs on another $16 billion in Chinese exports for later this summer, after the comment period on the American list closes, and China will retaliate again. Assuming that happens as planned, the Trump administration will have levied tariffs on over $100 billion in imports into the United States. [...]
