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U.S. crude oil broke $90 per barrel Friday after President Donald Trump demanded unconditional surrender from Iran, raising fears of a prolonged war that will cause a cascading disruption to global oil supplies. West Texas Intermediate futures were last up …
Chinese exporters are actually cutting prices for U.S. importers to remain competitive under the heavy tariff burden. This is an attempt to "share the pain" of the 45%+ tariffs just to maintain a foothold in the American market. To protect …
President Trump announced a trade deal with Vietnam on July 2 that slaps a 20% tariff on every Vietnamese product shipped to the United States and a 40% tariff on goods transshipped through Vietnam. In return, Vietnam agreed to impose …
A significant development originating from within the American financial sector indicates a notable shift in global trade practices. A US bank executive has recently disclosed that a growing number of international exporters are expressing a reluctance to accept the United …
by TheOneTrueThrowaway1 I’m an American in China but have been seeing very little foreign reporting about what’s happening in China, which is weird to me because it seems pretty important to get a clear picture of the trade war. So here’s …
China’s exporters are scrambling to find domestic buyers for their consumer goods as orders from the United States have dried up during an escalating trade war. On Chinese social media platforms, exporters joined the domestic direct-to-consumer livestream market, attempting to …