Another Black Monday?
China hits back at US tariffs with export controls on key rare earths
- Rare earth magnets to be covered by export controls
- Export controls cover all countries, not just US
- Manufacturers scrambling for access outside China
- China's move seen as opening salvo in U.S. trade spat
U.S. Tariffs Make Xi Jinping’s Day
Trump’s global trade war is a strategic gift to the Chinese President.
the People's Bank of China suddenly announced that the digital RMB (Renminbi, Chinese Yuan) cross-border settlement system will be fully connected to the ten ASEAN countries and six Middle Eastern countries, which means that 38% of the world's trade volume will bypass the SWIFT system dominated by the US dollar and directly enter the "digital RMB moment". This financial game, which The Economist called the "Bretton Woods System 2.0 Outpost Battle", is rewriting the underlying code of the global economy with blockchain technology."
South Korea presidential ouster part of Chinese strategy to 'expand its regional influence,' expert says
Its so cute how Indians making $1 a day can't even compete with Chinese automation but Americans think the worst case is they'll work in sweatshops.Can't wait for manufacturing coming back to the US.
Slavery is making a comeback in USAIts so cute how Indians making $1 a day can't even compete with Chinese automation but Americans think the worst case is they'll work in sweatshops.
It's not even possible to make a deal without negotiation.
No tariff relief for Taiwan and Vietnam unless there's balanced trade. Or someone gets fired.
Pettis is truly one of the most effective weapons in China's arsenal.
I wish they get punished politically for their embarassing capitulation
No tariff relief for Taiwan and Vietnam unless there's balanced trade. Or someone gets fired.
Pettis is truly one of the most effective weapons in China's arsenal.