Tagged: Global Economy

Trade Wars

Biggest trade war in history, Beijing will react

China’s commerce ministry says the country has no choice but to fight back after the US “launched the largest trade war in economic history,” as Washington’s 25 percent tariffs on various Chinese imports go into effect.
“On July 6, the US began to impose 25 percent tariffs on $34 billion worth of Chinese imports. The US has breached WTO trade rules and launched the largest trade war in economic history to date,” the ministry’s statement read​​​.

The Changing Global Economic Order

Japan and Britain have responded in completely different ways to the China-led initiative to create the Asian Infrastructure Investment Bank (AIIB), which the United States has opted not to join. In a rebuff to the U.S., Britain was the first...

Chinese cash versus American might

Chinese economics versus American warmongering

Strictly speaking, the Asian Infrastructure Investment Bank doesn’t even exist yet. But the Chinese-created alternative to the World Bank and International Monetary Fund is turning out to be extremely important. More than 40 countries have applied to join, almost all of them close U.S. allies

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