In an unusual combative move, here is what German Chancellor Angela Merkel said after the G7 summit in Canada. German Chancellor Angela Merkel voiced regret vis-a-vis U.S. President Donald Trump’s abrupt decision to withdraw support for a G7 communique. On… Read More ›
Although Ali Larijani’s posturing is aimed at Iran’s domestic population, it assumes significance due to its geo-economic ramifications. On Friday, Iran’s parliamentary speaker, Ali Larijani, said security in the Middle East could be threatened if Tehran was cornered by Saudi… Read More ›
Iran slammed U.S. arrange of ignoring 60 years of OPEC’s history by suggesting Saudi Arabia boost its oil production in order to make up for Iran’s shortfall. In a development that essentially sets the stage for a tough meeting at… Read More ›
In a cautionary move, Japan has warned the U.S. that any imposition of new tariffs will negatively impact U.S. consumers and its auto industry. On Friday, Japan’s automakers association (JAMA) came down heavily on U.S. overtures to explore the possibility… Read More ›
Given its humongous trade surplus with the U.S., it would be only natural to assume that China has much to lose in the event of a hike in U.S. import tariffs. Before such tariffs are enforced by Washington, Beijing is… Read More ›
The preliminary agreement which ZTE has purportedly signed is likely to face significant headwinds in the U.S. Congress since the Chinese firm has been labeled as a threat to U.S. national security. Overcoming that is likely to be a Himalayan… Read More ›
Mexico can fallback on the EU to source its pork or it could also get them from Canada. In 2017, Mexico imported 840,000 tonnes of pork. On Tuesday, according to two sources with direct knowledge of the matter at hand,… Read More ›
Emerging economic data of the U.S economy has so far managed to keep trade wars and related fears at bay. All eyes are now on the outcome of the G7 meeting in Quebec and that of the Federal Reserve, scheduled… Read More ›
Salzgitter is the second largest steel producer in the EU. On Friday, Germany’s second-largest steelmaker, Salzgitter said, it expects U.S. steel tariffs to have limited impacts on its business. “Our direct exposure is small,” said Salzgitter’s spokesman while declining to… Read More ›
Although Trump’s ‘America First’ policy looks good on paper, the way it is being implemented could see more than 2 million jobs being lost n the very states that voted for Trump and his candidates. Following the imposition of stiff… Read More ›
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