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Top related persons:
Hung Tran - 3 Joe Biden - 2 — - 1 nonresident - 1 Tran - 1 What's - 1 PGII - 1 marshall - 1
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China Beijing Saudi Arabia Europe Republic United States American Saudi
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Atlantic Council - 3 Thomson - 2 Service - 1 Saudi - 1 Initiative - 1 Group - 1 Democratic - 1 Global Infrastructure - 1

Search resuls for: "Hung Tran"


5 mentions found


☆ How a Saudi pullback from a landmark US deal is bad news for dollar dominance
  + stars: | 2024-06-21 | by ( Filip De Mott | ) www.businessinsider.com   time to read: +4 min
Saudi Arabia has not renewed a deal that ensures the use of US dollars in the oil trade. The end of this "petrodollar" agreement will dent dollar dominance, the Atlantic Council wrote. This month, Saudi Arabia did not renew a 1974 accord that mandates the exclusive use of greenbacks when selling its crude oil. What's more, US dependence on Saudi oil has slid considerably, given a historic explosion in US domestic production. "China has become Saudi Arabia's largest oil customer, accounting for more than 20% of the kingdom's oil exports.
Persons: —, nonresident, Hung Tran, Tran, What's Organizations: Atlantic Council, Service, Saudi Locations: Saudi Arabia, Europe, American, China, Saudi, Beijing, Riyadh
☆ Western rival to Belt and Road has much to prove
  + stars: | 2023-09-25 | by ( Hugo Dixon | ) www.reuters.com   time to read: +7 min
LONDON, Sept 25 (Reuters Breakingviews) - Western countries have a window of opportunity to come up with a credible infrastructure plan for the developing world. U.S. President Joe Biden has been talking up the West’s so-called Partnership for Global Infrastructure and Investment (PGII). To be fair, the G7 is stepping up efforts to involve the private sector. These initiatives are running in parallel with efforts to get the World Bank to cooperate more with the private sector. For developing countries, it is good to have two rival infrastructure initiatives competing for their attention.
Persons: Joe Biden, PGII, marshall, It’s, Hung Tran, Janet Yellen, Antony Blinken, Jordan, Xi Jinping, Vladimir Putin, Peter Thal Larsen, Katrina Hamlin Organizations: Reuters, Initiative, Group, Democratic, Global Infrastructure, Investment, Atlantic Council, coy, Treasury, European, Bank, United Arab, China, Thomson Locations: Italy, Republic, India, Europe, Zambia, Angola, Democratic Republic of Congo, Indonesia, Vietnam, South Africa, Senegal, United States, China, East, New Delhi, Indonesian, New York, Saudi Arabia, United Arab Emirates, Beijing
☆ Old Cold War tool could help in new era of tension
  + stars: | 2023-07-17 | by ( Hugo Dixon | ) www.reuters.com   time to read: +7 min
The United States may soon expand its export controls to cover semiconductors used in artificial intelligence and access to cloud computing. The People’s Republic has responded with tit-for-tat export controls on gallium and germanium, two strategic metals used in chips and other technologies where it has a dominant position. This is what the U.S. and its allies did during the last Cold War, when they established the Coordinating Committee for Multilateral Export Controls (CoCom). The United States’ subsidies for green technologies via its Inflation Reduction Act (IRA) caused tension with its allies. Its premier, Li Qiang, travelled to Germany last month hoping to persuade it not to row in behind the United States.
Persons: Joe Biden, Hung Tran, Li Qiang, –, Biden, Donald Trump, Ron DeSantis, Frances Burwell, Canada –, George Hay, Oliver Taslic, Pranav Kiran Organizations: Reuters, NATO, Soviet, Atlantic Council, Reuters Graphics Reuters, European Union, Multilateral Export Controls, United, Republican, Florida, EU, U.S, U.S . Trade, Technology Council, Twitter, Thomson Locations: Ukraine, China, Republic, U.S, Netherlands, Japan, States, United States, People’s Republic, Germany, Beijing, ’, Russia, Britain, Canada, Australia, South Korea
☆ Economic war with China would be MAD
  + stars: | 2023-02-14 | by ( Hugo Dixon | ) www.reuters.com   time to read: +7 min
Hopefully, fear of the economic equivalent will do a similar trick when it comes to a showdown with China. To see whether MAD will be enough to prevent war between America and China, look at just how disastrous such a conflict – which could be triggered by a Chinese invasion of Taiwan - would be. THREE SCENARIOSA Chinese invasion of Taiwan would lead to economic repercussions of a totally different order. A Chinese invasion of Taiwan would be hellish, but some scenarios would be especially ghastly from an economic perspective. Despite all these concerns, America might run the risk of economic war.
☆ Friendshoring makes sense if done in the right way
  + stars: | 2022-12-05 | by ( Hugo Dixon | ) www.reuters.com   time to read: +7 min
These examples explain the enthusiasm for “friendshoring”, an idea U.S. Treasury Secretary Janet Yellen is pushing. First, it could provoke an all-out trade war – causing the kinds of disruptions that friendshoring is intended to prevent. Things would be different if China was the West’s implacable enemy in the way that Putin’s Russia is. Using friendshoring in a defensive rather than aggressive way means focusing on strategic products. While it makes sense to cut its dependency on China, that doesn’t mean going all the way to zero.
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