The United States has recently halted the export licenses for nuclear equipment suppliers slated to sell to power plants in China, according to four people well-acquainted with the matter. This action comes amidst a trade war that has strained relations between the two powerful nations. This development follows earlier reports that the suspensions were issued by the U.S. … [Read more...] about U.S. Halts Nuclear Tech Shipments to China Amid Rising Tension
Trade War
Trump Eyes 50% EU Tariffs, 25% Hit on Apple as Trade War Escalates
President Donald Trump has proposed a substantial increase in tariffs on imports from the European Union, potentially up to 50%. The President has also suggested a 25% tariff on Apple products, unless the company begins manufacturing iPhones within the United States. Trump expressed his intent to impose higher import taxes on goods from the EU, a long-standing U.S. ally, … [Read more...] about Trump Eyes 50% EU Tariffs, 25% Hit on Apple as Trade War Escalates
US and China Agree to 90-Day Trade War Truce, Slash Tariffs in Breakthrough Deal
U.S. and Chinese officials have shaken hands, at least for now, on a 90-day ceasefire in their tit-for-tat trade war, agreeing to roll back some of their recently imposed tariffs. This is a story about two heavyweight economies, a global marketplace on edge, and the everyday folks with skin in the game. The stock markets responded with a bounce in their step. The two biggest … [Read more...] about US and China Agree to 90-Day Trade War Truce, Slash Tariffs in Breakthrough Deal
U.S. Companies Warn of Billions in Losses as Trade War Escalates
American companies have expressed concern about the tariffs that the Trump administration has imposed on China. The Hill reported on American companies warning of multi-billion-dollar losses and uncertainty. United Airlines released two different financial forecasts, citing an unpredictable economic climate. The company stated that it was "impossible" to predict whether the … [Read more...] about U.S. Companies Warn of Billions in Losses as Trade War Escalates
Canadian PM Mark Carney Believes Trump Trade War Is Hurting the U.S.
Mark Carney, the Canadian prime minister, said this week that President Donald Trump’s tariffs against products from Canada and Canada-related countries "hurt American consumers and workers". During a campaign appearance in Ontario ahead of the Canadian election next month, Carney said, "The relationship between Canada and the United States has changed. We did not change … [Read more...] about Canadian PM Mark Carney Believes Trump Trade War Is Hurting the U.S.