Market sentiments are likely to be choppy ahead of July 6 – the date on which the United States is set to impose additional tariffs on Chinese goods worth $34 billion. Following China banning the sale of Micron Technology’s chip… Read More ›
Geopolitics
Japan selects Lockheed Martin Corp’s advanced radar worth upwards of $4 billion for its missile defense system
The move will not only ease U.S. concerns of Japan’s trade surplus with Washington but will also strengthen the country’s defenses against its foes. Japanese military planners see North Korea as an immediate source of danger and perceive China’s growing… Read More ›
NTIA recommends blocking China Mobile from accessing U.S. market citing threats to national security
From a purely commercial perspective, blocking China Mobile from accessing the U.S. market is unlikely to make any material impact since the bulk of its income is derived from the domestic market. A post by the U.S. National Telecommunications and… Read More ›
Major Chinese banks supporting yuan by selling USD
The downturn of the Chinese yuan underscores investor concerns vis-a-vis the growing trade row between the United States and China. On July 6, U.S. tariffs on $34 billion worth of Chinese goods are set to kick in. On Tuesday, according… Read More ›
Slapping tariffs on car & car parts exports will only harm U.S. auto industry by $294 billion: EU
A hike in tariffs on EU’s automotive exports to the U.S. will not only impact the U.S. GDP by $13-$14 billion and bring no improvements to its current account balance it will also cost the United States 120,000 jobs. Slapping… Read More ›
REC Silicon slashes 40% of its workforce from its Moses plant in Oregon
The development is an outcome of the trade dispute between the United States and China. Incidentally, REC Silicon’s Montana plant will not be affected by this lay off. On Monday, Norway’s REC Silicon stated it would slash its workforce by… Read More ›
More Nuclear Bomb Fuel Being Made By North Korea Despite Talks: US Intelligence
NBC news quoted US officials in a report which stated that in recent months, production of nuclear fuel for its nuclear weapons has been enhanced by North Korea in more than one site, according to US intelligence agencies. The agencies… Read More ›
EU leaders unite over screening of foreign investment and Trump’s aluminum and steel tariffs
Although the leaders of the world’s largest trading bloc did not specifically mention China and the United States, the writing on the wall is lucid. On Friday, leaders across the European Union pledged to act unanimously and firmly against protectionism… Read More ›
Chinese yuan touches new low as trade tensions continues
According to Gao Qi, a FX strategist at Scotiabank, the yuan is likely to find strong support at 6.70 yuan per dollar. On Friday, the Chinese yuan touched a new low and was on course to perform its worst ever… Read More ›
Threat To Thousands Of Jobs And Price Hike Due To US Tariffs, Warn Automakers
If the United States imposes the proposed 25 per cent import tariff on vehicles would lead to job losses amounting to hundreds of thousands in the auto sector in America, steeply increase vehicle prices and stunt investment in self-driving cars,… Read More ›
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