Wading into the trade war, Hong Kong said on Wednesday that its postal service will no longer send packages to the United States. It is the city’s first move in a spiraling tit-for-tat trade war between China and the United States that is reordering global shipping routes. President Trump this month ordered the closure of … Read more
A British Member of Parliament was refused entry to Hong Kong last week, the first to have received such treatment since the former British colony’s return to Chinese rule in 1997. Wera Hobhouse, a member of the Liberal Democratic Party representing Bath, wrote on social media platform Bluesky: “Authorities gave me no explanation for this … Read more
In May 2017, just a few months into the first Trump administration, I wrote a column arguing that his incapacity was so obvious and destructive that he should be removed from office via the 25th Amendment to the Constitution. This was a popular column, but its argument did not hold up well. Trump’s first-term White … Read more
President Trump didn’t seem to mind as his worldwide tariffs set off stock market sell-offs and wiped out trillions of dollars in wealth. “Be cool,” he told Americans. Then he blinked on Wednesday afternoon in the face of financial turmoil, particularly a rapid rise in government bond yields that could shake the dominant position of … Read more
When Congress voted to normalize trade relations with China at the beginning of this century, U.S. manufacturers braced for a stream of cheap goods to begin flowing into U.S. ports. Instead, they got a flood. Imports from China nearly tripled from 1999 to 2005, and American factories, with their higher wages and stricter safety standards, … Read more
Amid an escalating trade war with the US and deepening uncertainties, China has placed export restrictions on seven rare earth elements that are crucial for the global tech, medical, defence, and energy industries. What are these rare elements? What’s their use? And which other countries produce them? Let’s have a closer look. These medium and … Read more
Ray Dalio, the billionaire founder of Bridgewater Associates — the world’s largest hedge fund — warned over the weekend that the global balance of power is undergoing a historic shift, echoing patterns seen in the rise and fall of past empires. In a post shared on social media, Dalio implied that the United States is … Read more
शीर्ष प्रशासनिक अधिकारियों ने रविवार को बताया कि अमेरिकी राष्ट्रपति डोनाल्ड ट्रंप द्वारा नए टैरिफ लागू करने के बाद से 50 से अधिक देशों ने व्यापार वार्ता शुरू करने के लिए व्हाइट हाउस से संपर्क किया है. टैरिफ के कारण बीते दिनों अमेरिकी शेयर बाजार बुरी तरह से ध्वस्त हो गया. रविवार सुबह एक टॉक शो … Read more
China has struck back at President Trump. In a rapid fire series of policy announcements from Beijing on Friday evening, including 34 percent across-the-board tariffs, China showed that it has no intention of backing down in the trade war that Mr. Trump began this week with his own steep tariffs on imports from around the … Read more
The official death toll of the earthquake that shattered central Myanmar surpassed 1,600 people, the country’s military leaders said on Saturday, as desperate rescue workers raced to find survivors and began grappling with a monumental disaster in a nation already racked by civil war. The powerful earthquake struck on Friday near Mandalay, the country’s second-largest … Read more