Category: US

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​​​.

petro-dollar-collapse

The end of the petro-dollar no longer unthinkable

The Mises Institute asked the question last September: “What indications are there that the world is turning its back on the US dollar?” – It did, in fact, answer that question (below), but here are just some of the more recent moves that just six months ago would have seemed unlikely.

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