Trump’s tariffs: ready to go
President Donald Trump said he was ready to impose tariffs on all $500 billion of goods the U.S. imports from China, remarks that sent financial markets retreating and threatened to […]
China
China’s oil demand is the biggest question mark
Oil demand growth in the world’s biggest oil importer—China—is at risk of slowing down, at least in the coming months. Higher oil prices play a role in this, but the […]
Trump’s tariffs: the impact on the US system
As the clock struck midnight and July 6 began, the United States formally imposed 25 percent penalty taxes on a long list of Chinese products; the Chinese government — as […]
Servicing the Debt
The US Debt Clock notes that the current expense of servicing the federal government debt of US$ 21.2 trillion is $303 billion. This means that the Treasury has been paying […]
US-China tariffs: trade war kicks in
U.S. tariffs on $34 billion in Chinese imports took effect as a deadline passed on Friday, and with Beijing having vowed to respond immediately in kind, the world’s two biggest […]
US-China trade war: who will win?
The United States is “opening fire” on the world with its threatened tariffs, the Chinese government warned on Thursday, saying Beijing will respond the instant US measures go into effect […]
China and India drive the new cartel anti-OPEC
When reports emerged that India and China are in talks about forming an oil buyers’ club, OPEC was probably too busy with its upcoming June 22 meeting to concern itself […]
China Central Bank: renminbi under observation
China’s central bank chief on Tuesday blamed the yuan’s recent weakness on the U.S. dollar’s strength and external uncertainties, as state-owend banks were seen trying to prop up the currency. […]