<strong>Japan February Exports Up After China Lunar New Year Holidays Distort Flows; Trade Deficit Narrows from Record High </strong>
–Japan Posts 19th Straight Month of Trade Deficit on High Oil, Gas Import Costs–Exports to China Mark 3rd Straight Y/Y Drop Amid Renewed Covid Spike By Max Sato (MaceNews) – Japanese export values posted only modest growth in February amid slowing global demand but picked up from January, when lunar new year holidays distorted trade […]
<strong>US January ISM Manufacturing Remains in Contraction on Lower New Orders, Output</strong>
–ISM’s Fiore: May Have Turned Corner on Soft Orders; Expect Pickup in 2nd Half of 2023 –Fiore: Firms Keeping Headcounts to Prepare for Recovery in 2nd Half –Fiore: Manufacturing Relies on Domestic Demand but Firmer China Demand Positive By Max Sato (MaceNews) – U.S. manufacturing activity was in contraction territory for the third straight month […]
TRANSCRIPT: President Biden’s Q&A Following His Meeting With China’s President Xi 
(MaceNews) – The following is the White House transcript of President Biden’s news conference following his nearly three-hour meeting Monday with China’s President Xi Jinping: REMARKS BY PRESIDENT BIDENIN A PRESS CONFERENCE Grand Hyatt HotelBali, Indonesia 10:03 P.M. CIT THE PRESIDENT: Welcome to Bali. (Laughs.) Please. Good evening, everyone. Let me start with a few […]
White House Readout of President Biden’s Meeting with China President Xi
(MaceNews) – The following is the White House “readout” of President Biden’s meeting Monday with China’s Pres Xi Jinping in Bali, Indonesia on the sidelines of the pending G20 leaders’ meeting set for Tuesday: President Joseph R. Biden, Jr. met on November 14 with President Xi Jinping of the People’s Republic of China (PRC), in […]
Transcript: Senior Admin Off’ls on EO Re Screening Inbound Foreign Investments
WASHINGTON (MaceNews) – The following is the White House transcript of a teleconference between senior officials and reporters backgrounding the executive order adding criteria to Treasury’s CFIUS screening of inbound foreign investments: Via Teleconference MODERATOR: Great, thank you. Hey, everyone. Thanks for joining. So we’re going to do a background call today. I think you […]
US ISM Manufacturing Growth Slows in April on China Lockdowns, High Prices
–ISM: Manufacturing Sector at Pause as Buyers Wait for Prices to Come Down –ISM: Supply Constraints Not Getting Worse; ‘Very Concerned’ Over China Port Situation –ISM: No Indication of Softening Demand in US Despite Q1 GDP Contraction By Max Sato (MaceNews) – US manufacturing activity growth slowed in April, hit by labor shortages, high prices […]
USTR Tai: China’s Trade Practices At Odds with WTO Pledges
By Eric Ham WASHINGTON (MaceNews) – US Trade Representative Katherine Tai Wednesday admonished China for pursuing an aggressive state-led industrial policy at odds with market-oriented trade norms. “China has not moved to embrace the market-oriented principles on which the WTO and its rules are based, despite the representations that it made when it joined 20 […]
Japan December Exports Continue Rising on Reopening Demand, Car Supply Pickup
— Import Gain Remains High on Energy, Leading to 5th Straight Trade Deficit By Max Sato (MaceNews) – Japanese exports rose from a year earlier for the 10th straight month in December, thanks to reopening demand for iron and steel and electronic parts as well as easing supply constraints for the auto industry, data released […]
Text of Pres Biden’s Announcement of 50 Mln Bls Release from SPR
WASHINGTON (MaceNews) – The following is the text of the White House announcement Tuesday morning that the president is authorizing the release of 50 million barrels of oil from the Strategic Petroleum Reserve in coordination with China, India, Japan, South Korea and the UK: President Biden Announces Release from the Strategic Petroleum Reserve As Part […]
MaceNewsViews – Commentary: President Biden-President Xi Talked For Nearly Four Hours – Exactly What Happened?
By Eric Ham WASHINGTON (MaceNews) – The long-awaited meeting between leaders of the two largest economies talked for nearly four hours Monday night and some of the exchanges were “incredibly direct.” There were several readouts afterwards by the U.S. side, a brief appearance Tuesday at the Brookings Institution think tank by National Security Adviser Jake […]