New Analysis The electronic chip shortage crisis has disrupted supply chain security and industrial activities worldwide. Amid a global semiconductor race, Taiwan Semiconductor Manufacturing Company (TSMC), the world’s top chipmaker, has become the company that is most invited to set up factories in many advanced economies. Since 2020, the semiconductor shortage has led to the […]

Elon Musk, the CEO and founder of Tesla, said on Jan. 26 that the automaker will delay releasing its new vehicles, such as the Cybertruck, until 2023 because of supply chain problems. However, the company stated that it would be able to build 50 percent more vehicles than it made in 2021. Musk, a native […]

OTTAWA—Rideau Hall has released the names of the newest additions to, and promotions in the Order of Canada. Here is the list with each hometown and citation. Companions Yann Martel (Saskatoon, Sask.): For his contributions to literature and for his philanthropic commitment to the betterment of his region. The Honourable Murray Sinclair (St. Andrews, Man.): […]

Commentary U.S. “Climate Czar” John Kerry has a long history of supporting communist states, including the Chinese Communist Party (CCP). Kerry could not have been happy with the disclosure last week that he has invested $1 million in a Chinese private equity firm, which has “invested in a tech company blacklisted for human rights abuses […]

An exasperated Sen. Marco Rubio (R-Fla.) tweeted his frustration late Thursday after the Senate on a 91-4 vote adopted a measure that cuts U.S. tariffs on hundreds of products imported from China. “The ‘China bill’ now reduces tariffs on hundreds of products made in #China. Why would we cut tariffs on China in a bill to […]

WASHINGTON—The global computer chip shortage has boosted the economic and strategic importance of Taiwan, which is home to some of the world’s largest and most advanced chip foundries. With Chinese aggression against Taiwan increasing in recent months, some experts claim that the island’s independence and democracy have never been so important to Western countries. Taiwan is […]

Commentary In the past year, various potential risks of economic globalization have gradually surfaced. A series of events raised the alarm, including the COVID-19 pandemic, the U.S.–China cold war, the global semiconductor shortage, skyrocketing shipping costs caused by a global shortage of containers, and the unexpected blockage of the Suez Canal. Economic globalization has always been […]

WASHINGTON—President Joe Biden called for a significant investment to revitalize U.S. chip manufacturing to counter China’s threat to “dominate the semiconductor supply chain.” In an effort to address an ongoing global chip shortage and strengthen the domestic semiconductor industry, the White House hosted a virtual summit with business leaders on April 12. “This is an […]

WASHINGTON—The pandemic has exposed the fragility of global supply chains, with the latest disruption being a global shortage of computer chips that has forced some automakers to cut or halt production. Western governments are learning hard lessons from these disruptions, pushing to create more resilient and diverse supply chains. The Biden administration has pledged to […]

The United Kingdom and Mexico on Tuesday signed a continuity agreement to keep trade going under current terms after Brexit. The UK’s Department for International Trade (DIT) said that the deal represents another step closer for the UK to joining the Comprehensive and Progressive agreement for Trans-Pacific Partnership (CPTPP). The agreement, signed by the UK’s Secretary of […]

The ink was barely dry on the finalized United States-Mexico-Canada Agreement when it came into effect July 1, leaving Canadian industry struggling to change gears. While the automotive sector expects it can adapt, the dairy industry faces much greater uncertainty. “The real benefit of the USMCA was continuing to secure access to the U.S. market […]

JAKARTA—An Indonesia-Australia deal that eliminates most trade tariffs between the two nations and aims to open up investment, took effect on Sunday, Indonesia’s Trade Ministry said. The Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA), signed last year and ratified by the Indonesia’s parliament in February, aims to boost bilateral trade that was worth $7.8 billion in […]

Read the series here: Unbridled Evil Chapter Six: The West Enables the China ‘Miracle’ (Part I) Section 1: The West Opens Up Trade with China Regime Communist China Survives as Other Communist Countries Collapse The West Tempted by Trade Offers Trade Opportunities Take Precedent Over Human Rights Section 2: Western Financial Infusion China Invites Trade and Investment […]

Daimler AG’s new chief executive officer warned there will be no quick fix for the automaker’s struggle to revive squeezed profit margins during a costly shift to electric and self-driving cars. After two rapid-fire profit warnings earlier this year, Ola Kallenius said on Nov. 14 that the German icon’s earnings would remain under pressure for […]

NEW YORK—President Donald Trump and Japanese Prime Minister Shinzo Abe on Sept. 25 signed an initial trade deal that opens up markets to $7 billion worth of U.S. agricultural goods. On the sidelines of the 74th session of the U.N. General Assembly, Trump held a bilateral meeting with Abe to announce the first stage of […]

WASHINGTON—Vice President Mike Pence pressed Democrats to pass the new free-trade agreement with Canada and Mexico, saying that approval of the deal by Congress would strengthen President Donald Trump’s hand in trade negotiations with China. Speaking at the Heritage Foundation on Sept. 17, Pence said that congressional approval of the United States–Mexico–Canada Agreement (USMCA) is […]

WASHINGTON—President Donald Trump is pushing hard for the approval of the new free trade agreement with Canada and Mexico, whose fate is uncertain in Congress. The pact may drift into the whirlpool of the 2020 election cycle if it faces further delays, he warns. During a speech at Derco Aerospace Inc. in Milwaukee on July 12, Trump […]

MILAN/PARIS—Fiat Chrysler and Renault are set to confirm tie-up talks on May 27, with the board of the French carmaker called to an early morning meeting to discuss the situation. It comes after news broke over the weekend that two of the world’s leading car companies are in talks on a comprehensive global combination that […]

Economy From sweeping tax reform to support for energy production, President Donald Trump’s pro-business policies have boosted the job market, set records in the stock market, and helped individuals and companies to thrive again. The economy hit the Trump administration’s 3 percent growth target in the second quarter of 2017 and in the second and […]

News Analysis Iran hasn’t been feeling well lately. Its currency has crashed, much of foreign capital and businesses have fled, many domestic businesses are going bankrupt, and ordinary Iranians have trouble putting food on their table. And it’s about to get worse. On Nov. 5, the United States imposes sanctions on the Iranian shipping and […]

By Bruce Hung With an imminent promise of spring, we look forward to Australia’s second round negotiation in the CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership), which will be held early next year when the agreement has been ratified. And Taiwan, the world’s 18th largest economy in terms of trade, has a strong interest in […]

WARSAW—The European Union has adopted an updated “blocking statute” under which European businesses will not have to comply with renewed sanctions imposed by the United States, targeting Iranian financial transactions that involve U.S. dollars, Iran’s automotive sector, the purchase of commercial planes, and metals including gold. More U.S sanctions targeting Iran’s oil sector and central […]

The United States will reimpose a broad set of sanctions on the Iranian regime on Aug. 7, executing a plan set in motion by President Donald Trump when he withdrew from the Iran nuclear deal three months ago, according to senior U.S. administration officials. The sanctions will take effect as widespread protests grip Iran with […]

President Donald Trump sent out a forceful tweet late on July 22 in response to threatening remarks made earlier that day by Iranian President Hassan Rouhani. Rouhani addressed Trump on July 22 during a meeting with top Iranian diplomats. “Mr. Trump! We are the people of dignity and guarantor of security of the waterway of […]

A German intelligence agency said that Iran has repeatedly attempted to obtain technology to develop weapons of mass destruction while working on its missile program. The Office for the Protection of the Constitution in the state of North-Rhine Westphalia (BfV), a regional intelligence agency, said in its annual report for 2017: “In North Rhine-Westphalia, as well […]

You may be familiar with the English-language proverb, “Necessity is the mother of invention”—meaning, difficult situations inspire ingenious solutions. Well, that’s exactly what happened in the case of Joshua Lombardo-Bottema, CEO and Founder of GoWrench Auto. One day, when his calendar resembled a confusing display of multiple and disparate entries and deadlines, his car would […]

Over the last decade, Buick has managed to reinvent itself—from coming perilously close to being one of the brands GM would discontinue during the economic downturn, to the global success it is today.  Buick is enjoying a renaissance of sorts—thanks to a fresh new image and its popularity in the world’s biggest market. With nearly […]

Designing and building cars for an ever-demanding consumer is a challenge every automobile manufacturer must meet—especially if the intent is to introduce new vehicles to a global market. While this approach is not a question of presenting a car or SUV that meets every single lowest common denominator, those OEMs who make the commitment have […]

BMW Group Canada has enjoyed success in this country since the brand opened its doors back in 1986. In Canada, 2016 was a banner year with just over 38,000 units sold across their extensive product line. This represented the best year yet and for 2017, the indications are that the year will likely yield a […]

BARRIE, Ontario—Outside the automotive industry, the Automotive Business School of Canada, (ABSC) formerly known as the Canadian Automotive Institute (CAI) at Georgian College of Applied Arts and Technology in Barrie, Ontario, is a well-kept secret. But it’s the place to be if you’re serious about a future career in the ever-growing Canadian automotive sector. Every […]