Beijing is hiking up tariffs on more than 128 US imports, including fruit and pork, as part of a tit-for-tat response to US President Donald Trump’s $60 billion package of tariffs imposed against China. The additional fares, which range from 15 to 25 percent, will take effect on Monday, the Chinese Finance Ministry said on…
Amid fears of a potentially devastating trade war between the US and China, Washington has urged Beijing not to implement the ban on US garbage and recyclable materials that Asia’s giant threatened to impose last July. In an effort to battle the “illegal foreign garbage” influx into China, last July China’s Ministry of Environmental Protection…
The Trump administration has opened a trade war against China by announcing that tariffs will be imposed on up to $60 billion worth of Chinese exports to the United States. It has also launched a treasury investigation to devise measures to prevent Chinese investment in industries with technologies that the US regards as strategic. President…
Since late February, three nor’easter storms in two weeks have pummelled the northeastern United States while the cold spell known as “the Beast from the East” froze much of Europe, dumping heavy snow and causing massive disruption and chaos. Following in their wake is likely to be a geopolitical storm of equally large proportions –…
Trade wars assure losers, not winners. So far, Trump announced tariffs on imported solar panels and modules, washing machines and parts, steel and aluminum fall far short of waging one. At the same time, his rage to reduce America’s trade deficit with China could launch a bilateral one hurting both countries. Countless numbers of US…
The global trade war ignited by Trump risks ruining the market for the most lucrative and crucial American export items, the US Treasury bonds. The so-called “Bondageddon” could hurt the US economy in more ways than one. Donald Trump proved that he doesn’t back down from a fight and pulls no punches when it comes to promoting…
