The unexpected move was explained to be part of a package of measures to counteract a potential fallout from the trade conflict. On Tuesday, China’s central bank, the People’s Bank of China (PBOC), lent $31 billion (200 billion) to financial… Read More ›
With the U.S. Senate’s passing the amended annual National Defense Authorization Act, ZTE Corp has once again been drawn into the center of a trade skirmish that is gradually snowballing into a trade war. For ZTE, this is a time… Read More ›
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 ›
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 ›
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 ›
Weeks after the Cambridge Analytica fiasco, Facebook has admitted to sharing users’s data, with its Chinese partners. Following Facebook Inc’s disclosure that it had shared data with its Chinese partners, which includes Huawei, the social media giant has come under… Read More ›
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