The world’s two biggest economies agree to de-escalate tariff face-off. The world’s two biggest economies have stepped back from the brink. After imposing retaliatory tariff hikes at rates never seen before, the United States and China have agreed to a truce. US taxes on Chinese goods will now fall from 145 percent to 30 percent, … Read more
EACH DAY President Donald Trump changes the terms of his trade war with the world. One constant, though, is Mr Trump’s confidence that America can win a pain-infliction contest with China. The president’s self-assurance reflects a cherished belief: that previous leaders allowed China to steal American jobs and industries through a mixture of naivety and … Read more
HANOI — Chinese President Xi Jinping arrived in communist comrade Vietnam on Monday and called for defending a multilateral trade system that is being rocked by U.S. President Donald Trump. “Trade wars and tariff wars have no winners, and protectionism has no way out,” Xi wrote in an article posted on the Nhan Dan, the … Read more
Economist Joseph Gagnon argues that tariffs and the shuttering of USAID won’t resolve the US national deficit. Though cost cuts pursued by US President Donald Trump may be popular among many Americans, economists differ in their assessment of these measures’ potential outcomes. Peterson Institute for International Economics senior fellow Joseph Gagnon tells host Steve Clemons … Read more
US trade taxes on Canada and Mexico have been paused for 30 days. US President Donald Trump’s punishing tariffs on goods from Canada and Mexico are on hold for a month, averting for now a devastating trade war among North America’s allies. But US levies on Chinese products have gone into effect – and Beijing … Read more
China on Thursday singled out dozens of companies from the United States, including Raytheon, Boeing and Lockheed Martin, in a series of punitive trade measures that could ratchet up tensions between the two superpowers. With weeks to go before President-elect Donald J. Trump takes the office with a promise to impose new tariffs and sanctions … Read more
Chinese analyst Victor Gao argues that the US will not be able to stop China’s growth. Despite the bluster from US officials threatening to slow down China’s economy, time is on China’s side, argues Chinese political analyst Victor Gao. Gao tells host Steve Clemons that the threats of extra taxes on Chinese goods coming to … Read more
Paris and Berlin that make up almost half of the eurozone economy face political and economic woes. France and Germany have long been deemed the main axis of power in the European Union. But, both are now facing serious political and economic turmoil. The uncertainty has come at a critical moment, with US President-elect Donald … Read more
“I will say this simply, we cannot ask our farmers in Europe … to change their practices, to not use certain products and develop quality farming and, at the same time, open our markets to massive imports,” he said. The French president is on a whirlwind tour of South America that takes him to Argentina, … Read more
Nasrallah, the leader of Lebanon-based Hezbollah since 1992, was killed in a massive Israeli airstrike on Friday. In the same airstrikes, the Israeli army also killed Abbas Nilforoushan, the Iranian Revolutionary Guard’s deputy commander in Beirut. Iran’s Foreign Minister Abbas Araghchi on Sunday threatened retaliation, saying “this horrible crime committed by the Zionist regime [Israel] … Read more