Trump Makes It Harder For China To Cut A Deal

As promised, U.S. President Donald Trump has escalated his trade war against China — announcing tariffs of 10 percent on another $200 billion in goods, plus a threat to raise the levy to 25 percent next year. Nearly half of China’s exports to the U.S. now face Trump’s taxes on trade. The president boasts that
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   Aggressive and undiplomatic, certainly, but also extremely effective. With nearly 50 days to go before new U.S. oil sanctions against Iran enter into force, President Donald Trump has already managed to crush the country’s petroleum exports, dealing severe economic damage to Tehran. Iranian oil exports have plunged about 35 percent since April, the month
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Ten years ago, China shielded itself from the global financial crisis with a wall of stimulus. Facing President Trump’s tariff onslaught, that feat of self-preservation looks much harder to repeat. The simple reason is that even if President Xi Jinping’s government were to conclude that the economy needed massive spending to keep growth on track,
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U.S. President Donald Trump said on Thursday that the United States was under no pressure to make a trade deal with China, even as Chinese officials welcomed an invitation from Washington for a new round of talks with more U.S. tariffs looming. He said on Twitter that a Wall Street Journal story on Wednesday about
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Iran’s OPEC governor has blamed US President Donald Trump for “bullying” oil markets and warned of the economic consequences for Europe and Asia from higher prices after crude breached $80/b. “Oil prices are getting higher in favor of Russia and Saudi Arabia while the US is punishing its allies,” said Hossein Kazempour Ardebili in an
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China’s steel exports just fell for a second straight month, and Australia’s largest bank expects that trend to continue in the second half of the year. The recent declines mark a turnaround from the first six months of 2018, when net steel exports were trending higher. Exports continued to rise even after the US implemented
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Saudi Arabia has markedly increased oil exports to America, a sign OPEC’s leading producer is responding to pressure from U.S. President Donald Trump to cool down the energy market. While the export boost started earlier this year, it accelerated over the past three months after Trump repeatedly — both through private diplomacy and public Twitter
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The U.S. reached a preliminary trade agreement with Mexico that addresses several American grievances. A similar deal with Canada appears to be on track. These breakthroughs, combined with an easing of tensions with the European Union, could allow a more coordinated approach to the toughest trade problem of them all: reaching an agreement with China.
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A car can look like a fantastic bargain on the lot, only to reveal itself as a lemon when you drive it away. It’s not so different with trade agreements. Take the deal hammered out Monday between the U.S. and Mexico on automotive imports, which the two countries hope to extend to Canada, the third
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Castigated by U.S. President Donald Trump as relying too much on Russian gas supplies, German Chancellor Angela Merkel heads to Azerbaijan this week to discuss the development of a southern pipeline to deliver gas to Europe from the Caspian. The visit underscores Merkel’s openness to finding alternative sources of affordable gas even as she remains
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