BREAKING NEWS
Trump's tariffs on Canada, Mexico and China could mean higher inflation and economic disruption
Read full article: Trump's tariffs on Canada, Mexico and China could mean higher inflation and economic disruptionNew trade penalties against Canada, Mexico and China that President Donald Trump plans to impose represent an aggressive early move against America’s three largest trading partners, but at the risk of higher inflation and possible disruptions to the global economy.
China has a $1 trillion trade war weapon. Will it ever use it?
Read full article: China has a $1 trillion trade war weapon. Will it ever use it?ChinaFotoPress/Getty ImagesBEIJING - In the US-China trade war, it's been a week of rapid escalation. In theory, Beijing could trigger a panic in bond markets by dumping some of the $1.1 trillion in US Treasuries that it owns. "But I think Beijing's primary motivation right now in the trade war is to be able to withstand pressure from Trump. "It needs that foreign inflow to cushion its currency during the trade war," Hirson said. Furthermore, China has few alternative places to park its $3.1 trillion in foreign reserves.