The recent boost in Russian agriculture has made food sales abroad much more profitable for the country than exports of military weapons, according to President Vladimir Putin. “Today, agriculture exports exceed arms sales by more than a third. $28.8 billion from agricultural sector, $15.6 billion from the defense industry,” Putin told farmers in Krasnodar on […]
The EU’s top trade official has employed strong rhetoric as the row with US President Donald Trump over steel and aluminum tariffs heats up following fruitless talks. European Trade Commissioner Cecilia Malmstroem has promised that Europe would fight back against those who intimidate its trade after joint talks with US Trade Representative Robert Lighthizer and Minister of Economy, Trade […]
European and Chinese officials are firing shots across America’s bow over plans by the Trump administration to impose protectionist tariffs on its steel and aluminum imports. A trade war looms as a result. President Donald Trump is expected to set tariffs of 25 percent on imported steel and 10 percent on imported aluminum this week.
In case US President Donald Trump doesn’t back down on his decision to impose stiff tariffs on aluminum and steel imports, European Union (EU) is set to implement retaliatory restrictions, including a 25 percent tariff on US jeans. Last week Trump announced the imposition of 25 percent tariffs on EU exports of steel and 10 […]
“I don’t know anybody who thinks that trade wars are something you win.” Historically, the United States has focused on staying out of trade wars. Not so under President Donald Trump, who last week announced plans to slap sweeping tariffs on steel and aluminum imports and asserted that trade wars are good and easy to […]
German car maker Porsche continues to impress and is mulling a new way to create a vehicle which would be able to easily navigate around any potential gridlock on city highways. In an interview with the German magazine Automobilwoche, Porsche sales chief Detlev von Platen said that it did not rule out the creation of a flying passenger […]
Venezuelan President Nicolas Maduro has ordered the country’s state energy company PDVSA to close some of its purchase and sale deals using the national commodity-backed digital currency ‘petro.’ The country’s oil ministry tweeted the president’s directive, which also applies to Venezuelan state-run conglomerate CVG, which is charged with economic development in the Guayana region.
The EPA is using a shady study to carve out a massive pollution exemption for dirty glider trucks. The Environmental Protection Agency is trying to protect a loophole that allows vastly more pollution than is typically permitted from heavy-duty commercial vehicles — all in the name of helping out a Trump supporter.
Germany has allowed Russia’s Gazprom to build and operate the Nord Stream 2 gas pipeline in the country’s territorial waters. The decision comes as bad news for Poland, which fears Nord Stream 2 would will increase Europe’s dependence on imported Russian gas.
“The memo reveals an infrastructure plan that is essentially a giveaway to corporations at the expense of the American people and our environment.” Green groups reacted with alarm on Friday to a leaked Trump administration infrastructure draft that proposes a drastic rollback of environmental regulations in an attempt to expedite the construction of water-threatening oil […]
Despite Donald Trump’s speech to the World Economic Forum in which he attempted to reassure global leaders on his “America First” ideology, the damage to U.S. credibility may already be done, as Alon Ben-Meir explains. Just one year after Donald Trump was inaugurated as the 45th president of the United States, the U.S. has already experienced […]
The new 30% import tariff just imposed on imported solar panels and solar cells is a protective tariff without benefit. It will not revive the declining U.S. silicon solar cell industry. It will harm U.S. workers in factories manufacturing solar panels using imported solar cells. It will hurt the rapidly expanding U.S.solar industry, slowing down the […]
Recently it was discovered that the Nestle corporation had been abusing their water permits in California, essentially stealing millions of gallons of water to bottle and sell to consumers in one of the most drought-ravaged states in the country. But Nestle’s disgusting story goes far beyond water stealing. Attorneys Mike Papantonio and Peter Mougey discuss […]
On Saturday, the US federal government shut down due to a lack of funding after Democrats in the Senate prevented Republicans from passing the spending bill. The US government shutdown raises questions about the viability and legitimacy of America’s political system, Chinese state media has reported.
Amid protests from Beijing and Seoul over new US trade restrictions on washing machines and solar panels, Russian journalist and geopolitical analyst Viktor Marakhovsky explains why Washington’s move is really part of a much broader, considerably more significant series of processes marking the decline of US global hegemony.