The strategic Chinese move is aimed at hurting Trump’s Republican base since South Carolina is a Republican controlled state. The move also carefully targets U.S. jobs as well as hangs the carrot of potential auto exports from the U.S. to… Read More ›
Geopolitics
China threatens to impose 25% tariff on U.S. crude
By targeting U.S. crude, Beijing has placed the Trump administration’s “energy dominance” in its cross-hairs. In a development that adds to pressure on the U.S. government to scale back trade pressures on China, energy analysts and executives have disclosed the… Read More ›
India Takes Further Counter Measures To US Trade Tariffs
India is taking fast steps to get back at the United States on trade tariffs. According to a revised World Trade Organization filing by the country, it has proposed enhancing of tariffs on 30 US goods that are imported into… Read More ›
Bailout Exit Terms Could Put Greece And Eurozone At Logger Heads
As the Greek government prepares to close its third bailout program, there is anticipated row between Eurozone finance ministers and the Greek government over the terms of a “golden goodbye”. One of the major issues that is likely to surface… Read More ›
U.S. Dollar touch 11 month as trade feud escalates with China
Although previous protectionist efforts by the U.S. have weakened the dollar, Trump’s trade war rhetorics have, contrary to expectations, strengthened the dollar against a basket of major currencies. With U.S. President Donald Trump threatening to impose 10% tariffs on $200… Read More ›
EU-Canada Trade Deal Would Not Be Ratified By Italy: Agriculture Minister
The Italy government believes that the interests of its farmers are not protected by an EU-Canada free trade deal, and as such the country would not ratify the deal, said Italy’s nationalist agriculture minister on Thursday. A Comprehensive Economic and… Read More ›
$50 Billion Tariff On Chinese Goods Approved By US President Donald Trump
Import tariffs on Chinese goods into the United States worth $50 billion have been approved by President Donald Trump. It is expected that the US Trade Representatives would make a formal announcement on the new tariffs in a day or… Read More ›
Asian markets wobble with U.S. readying trade tariffs against China
There is a growing nervousness amongst investors since the window of opportunity of avoiding a trade war is rapidly closing. On Friday, with media reports stating that U.S. President is set to impose “pretty significant” tariffs against China, shares across… Read More ›
Japan to join EU, Canada and Mexico in WTO against U.S. steel tariffs
Under the WTO’s dispute settlement process, holding consultations is the first step. It is not clear whether the U.S. will agree to such a request. As per a source in the Japanese government with direct knowledge of the matter at… Read More ›
US Snatches Accolade For Possessing World’s Most Powerful Supercomputer From China
The most powerful calculating machine in the world unofficially is a supercomputer named Summit. It was unveiled at Oak Ridge National Lab in Eastern Tennessee. The purpose of the design was partly to increase the techniques of artificial intelligence which… Read More ›