Shutdown and Trade Wars Affect Global Economy

Business, government, and non-profit leaders gathered at the World Economic Forum in Davos, Switzerland are concerned about a host of issues. Yet, most of them are primarily concerned with the lack of global growth. The slowdown is most evident in countries like China and Germany affected by US trade tariffs. China’s economy, the second biggestRead More

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China Grows Angry Towards the U.S. Over the Arrest of Huawei CFO

The arrest of a high-profile business executive has put a strain on the already deteriorating China-U.S. relations. Wanzhou Meng, 46, is not only the chief financial officer of Huawei—one of the biggest tech companies in China—but also the daughter of its founder. On December 1st, Meng was arrested during a trip from Hong Kong toRead More

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Trading Between the U.S. and China Will Never be the Same

This weekend, President Trump and President Xi Jinping spoke after the G-20 Summit. In Buenos Aires, they had dinner together and President Trump said he would cancel a tariff increase planned for Jan 1, 2019, under the condition China purchases more farm and industrial goods from America. China and the U.S. will discuss alterations inRead More

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Senate Will Determine Sanctions on Saudi Arabia After Wednesday Briefing

Senior Trump Administration officials will brief senators on Wednesday, a briefing House members are denied. This briefing can affect senators’ decision to go forward with sanctions on Saudi Arabia during the end-of-year session. Many senators are no longer satisfied with doing nothing especially when the CIA concluded Crown Prince Mohammed bin Salman was responsible forRead More

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U.S. Imposes New Sanctions to Punish Iran and Syria

On Tuesday, Washington announced that it would impose additional sanctions on Iran and Syria for their alleged illicit oil trade scheme. Before the Tuesday action, U.S. sanctions against Iran allowed for a number of exemptions for medical products and devices. The new ban specifically punished Syrian citizen Mohammad Amer Alchiwiki and the Russian state-owned enterprise—GlobalRead More

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Trump Sided with Saudi Crown Prince on Khashoggi’s Murder

On Tuesday, President Trump announced that he supported Saudi Arabia despite the murder and dismemberment of Washington Post journalist Jamal Khashoggi and would not take action against the Crown Prince Mohammed bin Salman. In a strongly worded statement tilted “American First!”, Trump claimed that the U.S. would never know exactly what happened inside the IstanbulRead More

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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

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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

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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

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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

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