‘Feel the pain’: China set to retaliate on US tariffs, says state newspaper August 23, 2019 China will soon unveil plans to impose retaliatory tariffs on certain goods, the editor of a Chinese state-backed newspaper has said. Read more: Chinese renminbi set for another weekly fall on trade tensions Hu Xijin, editor of the Global Times, tweeted: “Based on what I know, China will take further countermeasures in response to US [...]
Land of the car? Trump slams Ford for backing stricter emissions rules August 22, 2019 Donald Trump has found a new target for his Twitter ire: the global automotive industry. The US President yesterday mounted a series of attacks on car makers for snubbing his plan to roll back Obama-era fuel efficiency rules, singling out Ford for instead siding with a California state deal which proposes stricter emissions standards. Read [...]
Trump scraps Denmark trip over Greenland grudge August 21, 2019 Donald Trump has cancelled his trip to Denmark after the Danish Prime Minister told him Greenland was not for sale. Over the weekend Mette Frederiksen shrugged off the US President’s suggestion that he buy the island – which is a semi-autonomous Danish territory – as a joke and dubbing it “an absurd discussion”. But Trump [...]
By trolling Anthony Scaramucci, Trump has crossed a line August 12, 2019 When I woke up on Sunday, like a lot of entrepreneurs and people who work in the media, I reached for my smartphone to check Twitter (Mrs B was still asleep; I am an early riser). One story that caught my eye straight away was President Trump – where would Twitter be without him, or [...]
North Korea fires ‘short-range ballistic missiles’ August 10, 2019 North Korea has fired two missiles into the sea, which South Korea’s military believe to be short-range ballistic missiles. It is the fifth launch of its kind in recent weeks, and if confirmed, would be a breach of 11 UN security council resolutions. Read more: Trump makes history by stepping into North Korea The two [...]
Brexit panic ‘not justified’, says former Trump trade adviser August 9, 2019 The current levels of panic around Brexit are “not justified”, according to a former top trade adviser to the US President Donald Trump. The former general counsel on trade, Stephen Vaughn, believes the UK has “enormous leverage” in any trade deal agreed with the US, he told the BBC. Read more: End of austerity? Chancellor [...]
US threatens ‘no free trade deal’ unless UK scrap digital tax plans August 3, 2019 The US is set to demand that the UK drop a new digital services tax if a free trade deal is to be agreed between the countries The measure, introduced by former chancellor Philip Hammond in 2018, is due to come into effect in April next year. Read more: Global markets recoil and China wants [...]
Populism is back, and the Democratic candidates are veering left August 2, 2019 The Democratic primary is heating up – and some of the policy proposals are as red as fire. This week, 10 hopefuls took to the stage in Detroit, for the second debate leading up to the 2020 presidential election. And what we saw was an extreme ebbing and flowing of liberalism and socialism, raising serious [...]
US and UK working on ‘very substantial’ trade deal, says Trump July 27, 2019 US President Donald Trump has revealed that he has begun talks with Boris Johnson and the UK about a “very substantial” trade deal. Speaking on Friday, Trump said that a deal between the two countries following the UK’s exit from the European Union could lead to a “three to four, five times” increase in current [...]
US economic growth falls short of Trump’s target July 26, 2019 US economic growth last year fell short of the Trump administration’s three per cent target, potentially sparking renewed criticism of the government’s $1.5 trillion tax cuts. Gross domestic product grew at a rate of 2.9 per cent in 2018, the US Department of Commerce announced today. Read more: US economy adds just 75,000 jobs in [...]