Iran has dismissed accusations by the United States that Tehran was behind drone attacks that set ablaze two major Saudi Aramco oil installations, as Saudi Arabia raced to restore operations at the damaged facilities. Yemen’s Houthi rebels claimed responsibility for Saturday’s assault on Abqaiq – the world’s largest oil processing plant – and the Khurais oilfield. The […]
Chinese companies appear to be trying to dodge the tariffs imposed by the United States as part of a punishing trade war by redirecting their shipments through Cambodia. China’s exports to Southeast Asian country have been steadily rising since start of trade war. Meanwhile, Cambodia’s exports to US in first three months of 2019 rose […]
Behind the escalating global conflict over trade and technology is a larger breakdown of the postwar rules-based order, which was based on a belief that any country’s growth benefits all. Now that China is threatening to compete directly with the United States, support for the system that made that possible has disappeared. Read Here – […]
President Donald Trump’s decision to cancel Afghan peace talks will cost more American lives, the Taliban said while the United States promised to keep up military pressure on the militants, in a stunning reversal of efforts to forge a deal ending nearly 20 years of war in Afghanistan. Read Here – Reuters
The notion of the Taliban insurgency as a fractured entity, rife with internal strife, has lingered in much of the commentary and analysis on the Afghan conflict. This is in spite of the last five years, which have witnessed the Taliban pull out of its bloodiest internal crisis and achieve its strongest position since 2001. Long after the United States quietly […]
To Chinese observers, the US president’s rapid flip-flops on Xi Jinping and the imposition of tariffs are giving off hints of desperation. China has learned its lesson by not dancing to Trump’s tune, and instead can afford to hunker down for a drawn-out negotiating process. Read Here – South China Morning Post
The US and China won’t be the only ones affected in the trade war raging between the two countries. As companies scramble to find ways around the ever-increasing tariffs that the world’s two largest economies impose on each other’s goods, other countries are being drawn into a conflict that might have no winners. Read Here […]
When President Donald Trump finally followed through on his threats and withdrew the U.S. from the Iran nuclear deal in 2018, it looked like he was after something far more ambitious. Shortly after the announcement, Secretary of State Mike Pompeo outlined 12 conditions for the U.S. to lift the sanctions At the Group of Seven summit in France, […]
Unlike the 2008 global financial crisis, which was mostly a large negative aggregate demand shock, the next recession is likely to be caused by permanent negative supply shocks from the Sino-American trade and technology war. And trying to undo the damage through never-ending monetary and fiscal stimulus will not be an option. Read Here – […]
The US president promised tariffs on Chinese goods as part of the trade war would help bring jobs back to the United States, but while firms are leaving China, it is the likes of Vietnam, Indonesia, Cambodia, Mexico, and Bangladesh that are benefiting the most. Read Here – South China Morning Post
