Trade War

The Israeli military has blocked Palestinian agricultural exports through Jordan in the latest escalation of a months-long trade war that comes amid fears of renewed violence in the region over a controversial Middle East plan backed by the United States. Following Defense Minister Naftali Bennett's instruction, the Israeli military said…

An entrance to the Wuhan City Central Hospital in Wuhan.WUHAN: President Xi Jinping strode onstage before an adoring audience in the Great Hall of the People in Beijing less than three weeks ago, trumpeting his successes in steering China through a tumultuous year and promising "landmark" progress in 2020. "Every…

President Trump touted the strength of the US economy during his State of the Union.But despite the stock-market records that Trump touted, the American economy is not working for many middle-class families.And if Trump believes that the economy is enough to get him elected, he is mistaken.Rep. Eric Swalwell is…

I’m interviewed on Wisconsin Public Radio today, in the wake of declining Wisconsin exports. Figure 1: Wisconsin goods exports to world (blue, left scale), to China (red, right scale), in bn 2012$. Nominal values deflated using national goods exports deflator. Section 232 and 301 actions shaded gray. Source: ITA TradeStats,…

President Donald Trump's trade war is projected to reduce the average family's real income by $1,277, according to a new report from the Congressional Budget Office (CBO). The CBO, a nonpartisan congressional research arm, projected that the tariffs imposed by the Trump administration and retaliatory tariffs imposed by countries like China…

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How Government Contracts Became Next Trade War Front

A celebration to commemorate the 90th anniversary of the founding of the Communist Party of Vietnam. VNA News Agency/Latin America News Agency President Donald Trump’s trade war with China was a bruising exercise that tanked business investment, weighed down manufacturing, and resulted in a stop-gap deal that will probably help out…

GettyGoldman Sachs' coronavirus base case expects the outbreak's rate of infection to peak in the first quarter. The virus' effect on China's economy will only drive a "modest hit" to annual global growth of 0.1 to 0.2 percentage points, the bank said. The estimated hit to GDP would still allow…

PHOTO: Medical workers work in the ICU of Zhongnan Hospital of Wuhan University in Wuhan, central China’s Hubei Province, Jan. 24, 2020. (Xinhua/Xiong Qi) Chinese WHO delegate warns of “deliberately creating panic” over Novel coronavirus 2019-nCoV The U.S. is needlessly whipping up panic over the Novel coronavirus 2019-nCoV, China's government…