The president is targeting shipping companies that have jacked up prices during the pandemic, but critics say bigger economic forces are at work.
Author: Ana Swanson
Exports to Russia Blocked by U.S. and Its Allies
To try to halt the war in Ukraine, the U.S. and its allies have imposed the most sweeping export controls seen in decades on Russia. Now they have to enforce them.
U.S. and Allies Will Strip Russia of Favored Trade Status
The Biden administration said it would join Europe and other allies in stripping Russia of permanent normal trade relations, another step to inflict economic damage on the country over its invasion of Ukraine.
The U.S. extends technology restrictions to Belarus and the Russian oil industry.
The Biden administration said the measures would degrade the ability to wage war on Ukraine and would prevent Belarus from channeling forbidden goods to Russia.
Ukrainian Invasion Adds to Chaos for Global Supply Chains
Russia’s military incursion is severing key supply chains and setting off a scramble among global companies to comply with new sanctions.
Biden Administration Says China Failed Trade Commitments
In a new report, the administration detailed China’s violations of promises made both to the World Trade Organization and under a 2020 trade deal with the U.S.
Food Prices Approach Record Highs, Threatening the World’s Poorest
The prices have climbed to their highest level since 2011, according to a U.N. index. It could cause social unrest “on a widespread scale,” one expert said.
Biden’s China Dilemma: How to Enforce Trump’s Trade Deal
The Biden administration must decide whether to enforce a Trump-era trade deal that has not fulfilled its promise.
European Steel Plan Shows Biden’s Bid to Merge Climate and Trade Policy
A potential agreement on steel trade provides the clearest look yet at how the Biden administration plans to implement a trade policy that is both protectionist and progressive
The U.S. blacklists the NSO Group, an Israeli spyware firm.
NSO and three other companies were added to a list that blocks foreign companies from buying certain types of sensitive American technology without a license.