Days after Donald Trump announced an additional 100 per cent tariffs on Chinese imports and strict export controls on US-made critical software, Beijing issued a stern message to Washington saying they would respond in an appropriate manner if the US did not relent. A top Chinese official said on Wednesday that the US should “correct … Read more
The United States has been undermining the rules-based multilateral trading system since the new administration took office in 2025, China’s Ministry of Commerce said on Friday, citing repeated use of discriminatory policies, reciprocal tariffs, and unilateral sanctions that contravene WTO commitments. In a 2025 assessment, the ministry said it will intensify action at the WTO, … Read more
Let me confess. It was Arnie who is said to have coined the phrase; ‘let no crisis go to waste’. I always thought it was insightful and even funny. But Trump’s 50 per cent tariffs on Indian exports to the United States will only make India stronger. The key is not to let the tariff … Read more
Vessels owned or operated by U.S. firms and individuals – or those built in the United States or that fly the U.S. flag – will be charged additional port fees per voyage starting on October 14, China’s transport ministry said. The fees are a counter-measure against upcoming U.S. port fees on Chinese ships, the ministry … Read more
Beijing is stacking up its bargaining chips ahead of expected U.S.-China talks when Presidents Donald Trump and Xi Jinping visit Seoul this month, announcing new export controls to tighten its grip over high-tech manufacturing supply chains. The two superpowers look to be struggling to move beyond their current tariff truce – a 90-day pause from … Read more
We are about to find out who is going to “eat” President Donald Trump’s tariffs. Don’t expect US consumers to be the ones picking up their knives and forks. While the higher levies have been the subject du jour for months, they are only just filtering through to the checkout. And more hikes will come … Read more
Global wealth accumulation this century has far outstripped economic growth, and the performance of that $600 trillion of savings over the next decade rests heavily on how the gap is closed – a productivity boost or sustained inflation. Financial markets have become increasingly agitated about whether investors chase the parabolic rise in artificial intelligence stocks … Read more
As we enter the final quarter of a turbulent 2025, one of the biggest puzzles of the moment is how the U.S. economy is growing at almost 4% without creating any jobs. The answer may lie in artificial intelligence, but proving that will be a challenge. While U.S. markets suffered a near heart attack over … Read more
Under Donald Trump, the world has taken a sharp turn back toward the 17th century doctrine of mercantilism — the notion that trade is a zero-sum game in which countries should be self-sufficient and focus on exporting far more than they import. It worked for Louis XIV and other early European empires, and the aim … Read more
The trade war this year between China and the United States started with a bang, a fast-and-furious escalation of tariffs to astronomical levels. In the ensuing months, both countries showed a willingness to pull back and not shut down trade between the world’s largest economies. But they have made little discernible progress in resolving their … Read more