Beijing: Amid spiralling trade war between the world’s two biggest economies, US Vice President JD Vance’s “Chinese peasants” remark has once again come back to bite him, with a top Chinese official using the same word to describe Americans. China’s foreign ministry had condemned Vance’s comments made during a Fox News interview, when he said,…
Chicago, US: As the ripple effects of US President Donald Trump’s global trade war are being felt across numerous industries, Fed Chair Jerome Powell on Wednesday (local time) warned of higher inflation, saying policy changes under the Trump administration have put the Federal Reserve in uncharted waters. In a speech in Chicago, Powell noted…
Washington: The stock market rout triggered by US President Donald Trump’s punishing tariff wars wiped over $10 trillion off major markets across the globe. The financial destruction, historic in scale, was equivalent to just over half of the GDP of the European Union, according to a report by Bloomberg. After Trump announced sweeping tariffs last…
Washington: The United States and China have officially kicked off a trade dispute that could either be a short-lived skirmish or a prolonged and painful trade war. The conflict began when the US imposed a 10% tariff on all Chinese goods, prompting China to retaliate with tariffs ranging from 10% to 15% on certain US…