trade war

President Joe Biden announced Tuesday a significant increase in tariffs on a range of Chinese goods, aimed at protecting the American economy and safeguarding domestic jobs. These measures are also designed to counteract China’s heavily subsidized production, which Biden stated was “...

In an interview on Monday, Treasury Secretary Janet Yellen outlined the current administration’s stance on several key economic issues, including tariffs on China and the need for domestic investment in strategic sectors, such as semiconductors and clean energy, which she believes are...

Fitch Ratings has issued a stark warning about the potential economic fallout of aggressive trade tariffs proposed by former President Donald Trump should he win this year’s presidential elections. The credit rating agency predicts that significant increases in U.S. trade tariffs, especially...

On Wednesday, President Joe Biden is set to propose a significant adjustment in the nation’s trade policy towards China, aimed at strengthening the domestic steel sector and addressing broader industrial concerns. In a visit to Pittsburgh, Biden is expected to announce new 25% tariffs on...

The U.S. and the EU are on the verge of a groundbreaking partnership aimed at countering China’s burgeoning steel surplus. This audacious move not only seeks to curb excess steel production, but also aims to bury the hatchet on a long-standing trade dispute that traces its roots back to the...

The Biden administration has pressed the pause button on Nvidia Corp. (NASDAQ:NVDA)’s microchip sales to the Middle East amid concerns about potential re-exports to China. The bold geopolitical move aims to curb Beijing’s artificial intelligence ambitions, as the Telegraph’s...

The World Trade Organization (WTO) ruled China overstepped its trade agreements by imposing tariffs on $2.4 billion of U.S. goods. On Wednesday, a trio of WTO specialists concurred with the U.S., stating China’s tariffs breached the organization’s “most favored nation”...

Treasury Secretary Janet Yellen has expressed concerns about China’s economic slowdown and its potential impact on the global economy. In an interview with Bloomberg during her visit to India for the G20 finance minister meeting, Yellen acknowledged that many countries, particularly in Asia...

U.S. Secretary of State Mike Pompeo says the U.S. has dealt a direct blow to China’s Huawei Technologies and the Chinese Communist Party by further limiting the company’s ability to acquire U.S. technology, which Pompeo says would compromise the integrity of the world’s...

Huawei will stop making its Kirin Chipsets beginning next month, according to the Chinese financial magazine Caixin. What Happened: Amid mounting pressure from the U.S. government, the suppliers of Huawei’s HiSilicon Chip division have started to distance themselves...

The S&P 500 dipped in a volatile week of trading as investors digested record numbers of daily U.S. COVID-19 cases, an uptick in geopolitical tensions and a new round of polls suggesting Democrats are gaining momentum ahead of the November election.  On Monday, President Donald Trump...

The global coronavirus pandemic has impacted forex market performance, with many smaller currencies outperforming the more liquid ones.  Prior to the COVID-19 outbreak, Brexit and the trade war between the U.S. and China determined FX performance. “Before the COVID-19 outbreak,...