[ad_1] The agreement between the US and China to roll back their respective tariffs for 90 days has led to renewed optimism that the worst of Americaâs trade wars is over. Iâm not seeing the âbreakthrough”: Thereâs still plenty of scope for economic damage that the Federal Reserve will struggle to contain. First, the rollback…
[ad_1] Container bookings from China to the US have already fallen by 60%, and orders for all kinds of Chinese products have been cancelled. When the effects of this slowdown hit the US, not only will consumers find it difficult to buy Chinese-made goods, so will many US businesses, which sell these imports or use…
[ad_1] US President Donald Trumpâs âLiberation Dayâ package of tariffs is being interpreted in India in three different ways. The immediate reaction is relief mixed with schadenfreude: At 26%, the tax on India is not the slap on the wrist that diplomats in New Delhi would have hoped for, especially after making concessions to Elon…
