Biden Administration Begins Trade Dialogue With Taiwan

WASHINGTON — The Biden administration on Wednesday said that it would pursue negotiations to strengthen trade and technology ties with Taiwan, a move that is aimed at countering China’s influence in the Asia-Pacific region and one that is likely to rankle Beijing. The announcement follows the Biden administration’s efforts to build an Asia-Pacific economic bloc, known as the Indo-Pacific Economic Framework, that includes 13 countries and excludes Taiwan. China claims the island, a self-governing democracy that is critical to global technology supply chains, as an incontestable part of its territory.…

China Is Not the Biggest Threat to the World Order. It’s Russia.

In a speech on Thursday, Secretary of State Antony Blinken revealed the long-awaited outlines of the Biden administration’s official posture toward China. Rather than Vladimir Putin’s Russia, Mr. Blinken said, it is China that represents the most potent and determined threat to the American-championed world order. Only China, he continued, has “both the intent to reshape the international order” and the power to do so, he said. The United States will seek to rally coalitions of other nations to meet Beijing’s challenge. The writing had been on the wall. Just…

Global Brands Seek Clarity on Xinjiang

Ms. Apter said that while no Eileen Fisher garments were being made in Xinjiang and that it wasn’t getting fabric or yarn from the region, the company didn’t know whether any of the cotton fiber it was using could be traced to Xinjiang. “Two years of pandemic and a deteriorating political situation made it impossible to fully vet what is happening on the ground,” Ms. Apter said. The Latest on China: Key Things to Know Card 1 of 4 Discontent among the population. The Chinese government’s censorship and surveillance, which…

What Dominated the World Economic Forum

what dominated the world economic forum

Davos’s talking points The annual World Economic Forum, delayed from its normal winter date by Covid, has wrapped up. The high-profile conference, which draws leaders from government, business and nonprofits, has returned for the first time since coronavirus shut down the world — but in the midst of a war in Europe. DealBook was on hand, and here are our big takeaways: Executives are worried about a slowdown. Nearly every conversation with chief executives was dominated by how to handle rising interest rates, inflation and supply chain shocks, with the…

Economic Headwinds Mount as Leaders Weigh Costs of Confronting Russia

The interruption of wheat exports from Ukraine and Russia, which together account for 28 percent of global exports, along with supply chain disruptions, a severe drought in India that has caused it to ban shipments of grain and Covid-related lockdowns in China, are also causing food prices to spiral and increasing global hunger, particularly in Africa and the Middle East. The question for both American and European policymakers is how to corral leaping prices without sending their economies into recession. The Federal Reserve has begun raising interest rates to tame…

China Is the Next Worry as Food Prices Soar

PINGGU, China — From village to village, the wheat crops in China have been inconsistent this season. One field on the flat plains east of Beijing was patchy, with knee-high emerald stalks in some spots while almost bald elsewhere, damaged by the torrential rains of last autumn. The next village over, a luxurious wheat crop was thriving after this spring’s bright sunshine and slow, soaking rains. China’s winter wheat harvest next month is one of the big uncertainties in a global economy already struggling with high commodity prices, particularly in…

Your Thursday Briefing: A Journalist Killed in the West Bank

Good morning. We’re covering the killing of an Al Jazeera journalist, China’s uncertain wheat harvest and rising religious violence in India. Journalist killed in the West Bank Shireen Abu Akleh, a Palestinian American journalist for Al Jazeera, was fatally shot in the head while reporting in the West Bank city of Jenin. Al Jazeera, citing Palestinian authorities, said Israeli forces shot her during a raid. The news network said it held the government and military accountable. Israel’s military said that it was not clear who shot her, and that it…

China’s Covid Policies Have European Companies Wary of Investing

A business group warned on Thursday that China’s “dynamic zero Covid” policies had left European companies considerably less willing to continue investing in the country. A survey by the European Union Chamber of Commerce in China found that the tone among European businesses in the country had soured since January, when a survey found broad optimism and plans for further investment. “We had a double whammy in February and March with the Ukraine invasion and the Covid lockdowns, and it had an incredible impact,” said Joerg Wuttke, the chamber’s president.…

It’s Not Just High Oil Prices. It’s a Full-Blown Energy Crisis.

Look to the Mediterranean, for an example. Europe’s decoupling from Russia will intensify the geopolitical tensions over gas around the sea. In the eastern Mediterranean, Turkey resents its exclusion from energy projects and has been increasingly confrontational in asserting its interests. When Turkey struck a deal with Libya in November 2019 to claim new maritime economic boundaries for itself in the eastern Mediterranean, European Union leaders denounced the agreement as a violation of Greek and Cypriot sovereignty and incompatible with United Nations law. Now the route for a pipeline to…

How the Supply Chain Crunch is Hurting California Farmers.

During a normal spring, the sight of orchards bursting with clusters of almonds is a boon throughout California’s Central Valley. Here is money growing on trees. Not this year. As Scott Phippen looks out on his orchard on a recent afternoon, he feels a sense of foreboding tinged with rage. His warehouse is stuffed with the leftovers of last year’s harvest — 30 million pounds of almonds stored in wooden and plastic bins stacked to the rafters, and overflowing into his yard. Orders assembled for customers sit in giant white…