After three rounds of failed talks, a trade war between the world’s two largest economies is on. On Friday, China’s Foreign Ministry spokesman said China had imposed countermeasures after America’s tariffs came into force. Lu Kang, said China’s tit-for-tat measures “had taken effect immediately after the implementation of the US tariffs”. Lu was speaking after Washington’s […]
Increased trade tensions have raised the risk that new measures may be taken that would have a much greater impact on global economic growth than those enacted so far. The US investigation into auto tariffs, possible additional US tariffs on Chinese imports, and the likely reactions of other countries and blocs, point to a potential […]
Some said the day would never come, that it was all a bluff. But as the Independence Day fireworks cool in Washington, the eve of the trade war has arrived in China’s capital, where government leaders keep reminding people: We did not start this, but we will fight back. Read Here – The Washington Post
President Donald Trump is now at full-scale war over trade policy with some of the Republican Party’s staunchest allies in big business, including executives at iconic American brands such as General Motors and Harley-Davidson who previously shied away from criticising an often irascible president. Read Here – Politico Also Read: Trump’s Psychopathology Is Getting Worse
It is probably a war over trade. But it is also a battle over technology. As the US and China veer towards a full-blown trade war, US President Donald Trump singled out Beijing’s “Made in China 2025” plan as a major threat to US economic interests that violates global trade rules. Read Here – South China Morning […]
It is fair to give the president credit for delivering, or working to deliver, on many of his electoral promises, something that is reportedly a source of pride for Trump. As a candidate, Donald Trump said that he would take a tougher stance on illegal immigration, demand more beneficial trade arrangements from other nations, downplay […]
As a liberal democracy, built on the freedom of citizens, who are ruled by the leadership of their own choosing, it is in India’s interest that the US prevails in this ‘clash’ of civilisations. A sustained but uneasy peace with China still only means living in the shadow of powerful, undemocratic autocrats. That is a […]
The Trump administration moved the U.S. to the edge of a trade war with China by announcing tariffs on $50 billion in Chinese imports and pledging additional investment restrictions, which Beijing immediately vowed to retaliate against. The response from China signaled a rapid escalation of the dispute. China will impose tariffs with “equal scale, equal intensity” on […]
After watching the G7 train wreck aghast, senior officials at NATO headquarters are quaking in their boots at the prospect of hosting a summit of the Western defense alliance featuring a raging Donald Trump in Brussels. Far from showcasing transatlantic unity and resolve, they fear the 24-hour gathering of leaders of the 29-nation alliance, scheduled for about […]
Mr Trump’s goals go far beyond tariffs on a few metals. He seeks trade terms that will force supply chains to move to America, damn the economic consequences. For example, the administration wants the North American Free-Trade Agreement (NAFTA) to expire automatically after five years, robbing firms of the certainty they need to invest in […]
looking beyond borders 