As Wall Street reels from the shock of a trade war exploding to new heights in the form of tariffs and counter tariffs, there’s another reality that is setting in — that China seems happy to walk away from trade talks.
The lull in the US-China trade war amid new flaring tensions over the arrest of Huawei finance chief can only backfire at Washington as Beijing holds a trump card, veteran stockbroker Peter Schiff has warned.
After US President Donald Trump said on Sunday that the US will hike tariffs on goods imported from China, Wall Street will start the week with a sharp selloff, as investor optimism about the possible conclusion of a trade deal with China in the near future has faded.
The UK has approved the use of Huawei products in defiance of American threats to halt intelligence cooperation and the Five Eye’s concerns. Speaking to Sputnik, Chinese academic Zhu Feng has explained London’s rationale and cast doubt on Washington’s apparent plan to ban Huawei worldwide.
Washington has repeatedly threatened to impose sanctions on all parties related to or working on Nord Stream 2, with President Donald Trump accusing Germany of being a “captive” of Russia and urging Berlin to halt its cooperation on the $11-billion project.
Russian-led gas pipeline project Nord Stream 2 may save the European Union about eight billion dollars annually thanks to a 13 percent drop in costs, according to the enterprise’s operator.
The volume of mutual trade between Russia and China finally reached $100 billion for the first time ever, according to Gao Feng, the Chinese commerce ministry’s spokesman.
US cyber officials are attempting to put the squeeze on their European allies, saying they will have to reassess their ability to share information with them if they use Huawei in their 5G networks.
There are suggestions that the US and China may now sign a trade agreement in May. However, it seems unlikely that this will be the great victory over China that Trump promised, as recent events indicate.
Beijing has inked cooperation deals on its multi-trillion-dollar Belt and Road Initiative (BRI) with 17 Arab countries, state-run Xinhua News Agency reported, citing the results of a joint Sino-Arab forum.
Escalation of US-China bilateral tariffs to shave off $1 trillion from America’s GDP. A study by the US Chamber of Commerce shows how the deterioration in the trade dispute between the world’s two largest economies, China and the United States, will drastically affect the American economy.
Facebook CEO Mark Zuckerberg has asked governments and regulators to tighten the screws on digital companies such as his own, and slap them with sanctions if they refuse to abide by rules on privacy, political or harmful content.
Ice cream and sorbets from Russia’s northwestern city of Vologda can now be enjoyed in Africa. Russian ice cream producer Iceberry has shipped around 75 tons of the cool treat to Ivory Coast (Cote d’Ivoire) and Senegal.
A lawsuit was filed against Boeing in a US federal court on Thursday in what appears to be the first litigation over the March 10 Ethiopian Airlines 737 MAX crash which killed 157 people. The lawsuit was filed in Chicago federal court by the family of Jackson Musoni, a citizen of Rwanda.
China will buy a total of 300 passenger jets from European aircraft maker Airbus as its US rival Boeing struggles in the aftermath of two deadly crashes involving its 737 MAX.