Chinese Spy Arrested for Stealing Aviation Secrets

As it turns out, when a Chinese bureaucrat invites you on a free trip to Beijing, he might be after something other than your companionship. The Justice Department on Wednesday publicized the arrest of a senior officer from China’s Ministry of State Security on espionage charges. Based on court papers, the alleged spy Yanjun XuRead More

Tagged

Trump Imposes Hard Line Sanctions on Iran

Sanctions levied against the Iranian government by the Trump Administration took effect Tuesday, with another round of more stiff round of sanctions to come in the near future. The Trump Administration has hopes that these sanctions will help cripple the Iranian economy and force concessions from the capital of Tehran. In fact, the announcement ofRead More

Tagged

Senate passes bill that holds back some of the U.S.’ tariffs

The Senate seems to have gone one step ahead of President Donald Trump and has already implanted the first tariff relief legislation. The approved law specifically takes tariffs away from items used in production that can’t be purchased directly in the U.S.  It has been referred to as the Miscellaneous Tariff Bill Act, and it hadRead More

Tagged

U.S. and Europe Start Negotiations to Halt Trade Wars

In a surprising move, the European Union and the United States have agreed to stop what seemed to be an imminent trade war. U.S. President Donald Trump and European Commission leader Jean-Claude Juncker announced a future deal on Wednesday which will focus on lowering tariffs and “trade barriers.” It is unknown whether these negotiations willRead More

Tagged

North Korea’s Oil Prices Drop, Despite EU’s Tariffs

North Korea’s oil prices have dropped significantly in just a matter of months. According to Reuters, the value of North Korean oil has nearly halved in this short span of time. This fact demonstrates that oil has become an independent and isolated market. United Nations’ Security Council shortened its limit on refined petroleum exports toRead More

Tagged

G20 summit finishes without solutions for Trump’s trade wars

The recent summit held in Buenos Aires, Argentina by the Group of Twenty ended in a disappointing note, as there were no agreements or solutions to President Trump’s trade wars. The meeting saw several finance ministers from all around the world, who had reportedly been discussing how the president’s recent actions surrounding trade could beRead More

Tagged

Trump criticizes Fed over rising interest rates, breaks tradition by doing so

Donald Trump has recently stated his harsh criticism towards the Federal Reserve, therefore breaking an over 25-year tradition of respect towards the system. He accompanied his criticism with comments about China and the EU manipulating their currencies for economic benefits, adding to his previous criticism of the countries involved. His tweet stated that the FedRead More

Tagged

German Foreign Minister: “We Can No Longer Completely Rely on the White House”

Germany’s foreign minister, Heiko Maas, recently stated that his country can no longer rely on the U.S. after President Trump called the European Union a “foe” of his administration. Heiko Maas told the German newspaper Funke: “We can no longer completely rely on the White House. To maintain our partnership with the USA we must readjust it.Read More

Tagged

Iran Files Complaint to International Court of Justice Regarding Abusive U.S. Sanctions

Iran has continued efforts to respond to massive U.S. tariffs which are set to be implemented by November. Iran has filed a complaint to the International Court of Justice, asking them to overlook their case and potentially stop their abusive measures. The procedure was announced by  Iranian Foreign Minister Mohammad Javad Zarif on Twitter, where heRead More

Tagged

Trump calls E.U., China, and Russia “Foes”

In what seems to be another attempt to destroy the few political alliances that the U.S. has left, President Donald Trump recently referred to the E.U. as a “foe” of the United States. Trump argued that the E.U. has abused his country and his administration because of “what they did to us in trade.” HeRead More

Tagged