Tax cuts and tariffs have not caused a significant return of factory activity, data from the government and other sources show.
Tag: International Trade and World Market
South Korea Retaliates Against Japan in Trade and Diplomatic Rift
South Korea said it would remove Japan from its list of countries entitled to preferential treatment in trade, following a similar move by Japan this month.
‘Weaponized’ Currency and Mining Limits: China’s Responses to Trump Take Shape
Beijing’s signals suggest it is ready to retaliate should the White House follow through on its new tariff threat, with potentially disruptive results.
U.S. Sanctions Turn Iran’s Oil Industry Into Spy vs. Spy
Accused C.I.A. spies are said to have been gathering intelligence on oil sales, data that the Americans want and that Iran wants to keep secret.
China Signals It Will Continue to Weaken Its Currency as Trade War Rages
The country’s central bank guided the renminbi past another key point, suggesting Beijing could weaponize it if Trump imposes more tariffs.
In Trade War, China’s Hard-Line Stance Risks Economy
The Chinese leader, Xi Jinping, wants to appear strong in the face of President Trump, even if it means enduring the economic fallout.
Trump Imposes New Sanctions on Venezuela
The order freezes the property and assets of the Venezuelan government, but some sanctions experts were skeptical about its likely effects.
Trump Imposes New Sanctions on Venezuela
The order freezes the property and assets of the Venezuelan government, but some sanctions experts were skeptical about its likely effects.
China’s Currency Moves Escalate Trade War, Rattling Markets
The trade war intensified Monday, as Beijing allowed its currency to weaken and the Treasury Department labeled China a currency manipulator.
China’s Currency Weakens in a Potential Challenge to Trump
The renminbi fell past the key point of 7 to the U.S. dollar, in a signal that Beijing may be willing to use devaluation as a trade war weapon.