Attacks on two dozen ships since November are forcing shipping lines to figure out whether and when to skip the Suez Canal and send vessels on longer voyages around Africa.
The leading electric-vehicle maker also drew buyers eager to take advantage of government incentives that will be harder to get in 2024.
The country’s trade with Russia this year has exceeded $200 billion, and makers of cars and trucks are the big winners.
Volkswagen is shifting more operations to China, tapping the country’s electric vehicle capacity and building factories.
Two- and three-wheeled vehicles, used by billions of people, are moving away from fossil fuels to batteries faster than cars in countries that have made the energy transition a priority.
The British and European car industries had lobbied for a delay in a measure that would have added costly tariffs to many electric vehicles.
The British and European car industries had lobbied for a delay in a measure that would have added costly tariffs to many electric vehicles.
Some firms argue that a law aimed at popularizing electric vehicles risks turning the United States into an assembly shop for Chinese-made technology.
China and the U.S. both gained from their economic integration. As they pull apart, each is finding it will be hard to fully replace the other.
America needs to invest in mining and build resilient supply chains for the building blocks of electric batteries.