After leaked papers revealed the European Union (EU) is plotting to take the UK to court to extract a £50 million ‘divorce bill’, Whitehall sources have indicated the UK could hit back with trade tariffs.
The European Union (EU) is laying the groundwork for a legal challenge against U.S. plans to impose a border tax, in what could be the biggest case in the World Trade Organization’s history.
Senate Majority Leader Mitch McConnell said Thursday that he expects President Donald Trump’s proposed border wall with Mexico will cost between from $12 to $15 billion, according to a report by Stratfor Global Intelligence.
The Chinese state media has invoked former President Teddy Roosevelt’s “Big Stick” rhetoric in addressing President-Elect Donald Trump’s discussions of possible tariffs.
Although China, with its huge Treasury bond holdings, was seen during the Obama administration as having a strong hand in trade negotiations, President-elect Trump is aggressively communicating that the need for access to U.S. consumers is China’s weakness.
Although Donald Trump’s election was shocking to the Mexican government, President Enrique Pena Nieto was one of first world leaders to congratulate President-elect Trump and seems ready to negotiate a new economic deal to prevent a trade war.
With a “predatory” currency devaluation following the Brexit, China is now exporting deflation.
In a remarkable Sunday edition of The Boston Globe, the paper’s editors go all in for the fight to block GOP frontrunner Donald Trump from winning the Republican Party’s nomination.
WASHINGTON (AP) — Donald Trump has promised to shred America’s trade deals and impose fines on imports from Mexico and China. He’s gone so far as to swear off Oreos to protest Nabisco’s transfer of cookie production from Chicago to Mexico.
Mitt Romney’s Thursday anti-Trump address seemed to rely heavily on the talking points employed by donor-class favorite Sen. Marco Rubio.
With China devaluing its currency, stocks crashing 3 percent and capital flight accelerating, China has cut bank its bank reserve requirements to free up $100 billion in credit.
At a CNN town hall Thursday, businessman and Republican presidential candidate Donald Trump once again put the issue of manufacturing front and center in the 2016 race.
The People’s Bank of China has devalued the yuan 2.9 percent since Monday–the biggest plunge in the currency’s value since the mid-1990s. China’s currency devaluation is a classic predatory trade war action to save up to 60 million Chinese factory jobs at the expense of millions of American and European workers.
