World
China passed a $1 trillion trade surplus in ten months, and the AI boom paid for it
Exports beat forecasts again, a month ahead of last year’s pace. The surplus is now propped up by the same AI buildout that is straining…
Tagged “Trade”
World
Trump announced a $54bn South Korean investment in Alaskan gas. Seoul says it never agreed to a figure
The US Commerce Department said only that the two sides would “commence working” on the Alaska pipeline, and gave no number. Seoul’s trade…
World
Washington and Beijing cut tariffs on $60bn of goods — and quietly agreed to call it “super intelligence”
Under a “30-for-30” framework each side takes $30bn of the other’s non-sensitive goods at reduced rates. China’s list runs to 1,619 items…
World
Trump says he would back a halt to US diesel exports. The country that imports it is watching closely
With US diesel at record highs before November’s mid-terms, the president says he has called for keeping the fuel at home. Treasury…