Things are likely to escalate before they cool down. In a note, economists at Goldman Sachs stated, they see a 60% chance that the United States would slap further tariffs on the final $300 billion of Chinese imports. This is… Read More ›
Geopolitics
Huawei hogs limelight in opening of lawsuit in Sherman, Texas
The lawsuit is the first to be heard under the U.S. Defend Trade Secrets Act of 2016; as per Matthew Goss, general counsel for CNEX, Huawei is “weaponizing our courts against U.S. companies.” On Monday, in a lawsuit that is… Read More ›
Global Cargo Demand Hit By Trade War, IATA Cuts 2019 Profit Forecast For The Industry
The profit outlook for the global airline industry for the entire year of 2019 was slashed by the International Air Transport Association (IATA) because of the ongoing trade tensions and spats throughout the world and the rising tendency of protectionism… Read More ›
Trump Urged By US Business Groups To Avert Mexico Tariffs
United States president Donald Trump was urged by the top US business lobbying group and Mexico’s president not to implement his threat of imposing import tariffs on all Mexican products exported in to the US over the issue of illegal… Read More ›
U.S. Furniture Business Impacted By US Tariffs On Chinese Imports
The furniture market and the industry in the United States has been badly hit by the imposition of import tariffs – and which was subsequently increased from 10% to 25% earlier this month, on Chinese goods which also included imported… Read More ›
Germany Will Lose Access To Information If It Uses Huawei, US Warns
United States Secretary of State Mike Pompeo said on Friday that countries that would create the next-generation mobile networks, such as those made by China’s Huawei – which the US considers to be threat to its national security, would no… Read More ›
China Preparing Its Own ‘Blacklist’ Of Foreign Firms, Escalating Trade War
China is apparently escalating the its trade war with the United States with its Commerce Ministry declaring that it is preparing a list of foreign companies, individuals and organization that it feel are “unreliable”. This move by the Chinese authorities… Read More ›
Mexican senate to hold special session to ratify USMCA trade deal ‘soon’
Both, Canada and Mexico are pushing to get the USMCA trade agreement ratified before the U.S. enters into poll mode ahead of the 2020 Presidential elections. At a news briefing, Mexican President Andres Manuel Lopez Obrador stated, the government will… Read More ›
U.S. faring well in U.S.-China trade talks: Trump
Enforceability is going to be critical to any potential future trade deal. U.S. President Donald Trump disclosed, the United States was doing well in trade talks with China and that Beijing wants to make a deal with Washington. “China would… Read More ›
Barclays Says Apple Will Make Limited Design Changes To iPhones This Year
Semiconductor analysts at Barclays claimed that compared to the designs of iPhones last that were launched by Apple last year, there would be limited changes in design by the company in the current year. A third camera lens on the… Read More ›
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