International Trade

Transportation • Cars & Automobiles
Tesla sues US government over tariffs on goods from China
Tesla sues US government over tariffs on goods from China
Credit: unsplash.com / Afif Kusuma

The electric car manufacturer Tesla has sued the United States government and wants to legally enforce an exemption from US punitive tariffs on imports from China.

With Tesla being one of several hundreds of companies starting such proceedings on the import tariffs, the company is seeking to avert existing import tariffs as well as compensation for tariffs that have already been paid.

Politics • World
EU demands concessions from China before concluding investment agreements
EU demands concessions from China before concluding investment agreements
Credit: unsplash.com / Janine Meuche

The EU is demanding concessions from China before negotiations on the planned investment agreement are concluded. If an agreement is to be reached at the end of the year as planned, China still has a lot to do in the areas of market access and sustainable development, said EU Commission President Ursula von der Leyen on Monday evening after talks with China's President Xi Jinping.

The EU could already celebrate as a success that on Monday China signed an agreement on the mutual protection of geographical indications for food. Champagne, Feta cheese or also Parma ham will thus in future be among 100 European products that are protected in China against unauthorized imitation. Conversely, the geographical indications of 100 Chinese products such as Pu'er tea, Moutai schnapps or Panjin rice will also be protected in the EU.

Politics • European
United Kingdom threatens to back out of parts of EU withdrawal treaty

According to reports from the Financial Times, the United Kingdom's government under prime minister Boris Johnson plans to render some regulations from the EU withdrawal treaty void.

The British government allegedly plans to pass laws on Wednesday that could override parts of the Brexit agreement on state aid and border regulations with Ireland.

Politics • European
Johnson demands Brexit deal until 15th of October
Johnson demands Brexit deal until 15th of October
Credit: Ben Shread / Cabinet Office

The prime minister of the United Kingdom, Boris Johnson, has demanded a fully negotiated Brexit deal until the 15th of October. If this is not the case, there will be no free trade between the United Kingdom and European Union after the transition period, according to Johnson.

Politics • Asian
Japan to pay $536 million to companies for moving production out of China
Japan to pay $536 million to companies for moving production out of China
Credit: Chris / CC BY-SA (Creative Commons Attribution ShareAlike 2.0)

According to Bloomberg the Japanese government has announced that it'll pay 57 companies a total of $536 million in subsidies in order to move production from factories in China back to Japan or other countries.

This follows after the government has announced in April that it aims to reduce the dependency on Chinese supply chains. Another 30 companies will receive additional funds for an undisclosed amount.

Politics • World
Public records: UK has sold surveillance technology to 17 repressive governments
Public records: UK has sold surveillance technology to 17 repressive governments
Credit: Jonathan McIntosh

The Independent reports that public records show exports of security technology from the United Kingdom to repressive regimes despite rules to prevent it. Security technology such as wiretaps, spyware and other telecommunications interception equipment shouldn't be exported to regimes that might use them for internal repression purposes.

Public records show that despite the rules exports worth £75 million have been approved to 17 countries including China, Saudia Arabia, the United Arba Emirates and Bahrain. All 17 states have been rated "not free" by the Non-Governmental Organisation Freedom House.

Technology • Smartphones, Hardware & Gadgets
iPhone assembler Foxconn allegedly plans $1 billion investment into plant in India
Foxconn factory at Czech Republic
Foxconn factory at Czech Republic Credit: Nadkachna (Creative Commons Attribution ShareAlike 3.0)

The Taiwanese hardware and technology company Foxconn allegedly plans to invest up to $1 billion in India. The goal is to expand an existing factory southeastern India near Chennai where the company assembles iPhones for Apple.

According to a source published by the news agency Reuters "There’s a strong request from Apple to its clients to move part of the iPhone production out of China". Neither Foxconn nor Apple have commented on the news.

Politics • American • South America
Argentina exits Mercosur trade talks

Mercosur released a statement last Friday (April 26) that Argentina decided to withdraw from ongoing trade negotiations with the South American trade bloc to focus on the growing economic crisis at home. The bloc, formed by Argentina, Brazil, Paraguay, and Uruguay, has recently been hobbled by political squabbling and government changeovers.

Politics • European • Germany
Berlin regional government accused U.S. government of "modern piracy"

German officials said a shipment of 200.000 N95 face masks destined for Berlin was seized at Bangkok airport and diverted to the U.S.

Berlin Interior Minister Andreas Geisel called the incident an act of “modern piracy.” Berlin Mayor Michael Müller, a Social Democrat, said: “the actions of the U.S. president are…inhumane and unacceptable.”