11 Nov 2019

IMF to release second tranche of $6 billion Pakistan loan package

The International Monetary Fund (IMF) announced on Friday that it would release the second portion of financial assistance to Pakistan. In April, the IMF agreed to the 13th bailout program for Pakistan amid a worsening economy and the financial decline of over 208 million people. The total financial support that

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11 Nov 2019

Hong Kong’s Hang Seng has its worst day in months as violence escalates

Escalating levels of violence and protest in Hong Kong have had a great effect on the stock market, which suffered a drop of more than 2.6% over the past weekend. This is the lowest percentage decline in a single day in over three months. Hong Kong is currently experiencing its

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07 Nov 2019

China says it has agreed with US to cancel tariffs in phases

After more than a year and a half of heightened US-China trade tensions, both countries have finally come to an agreement about phasing out the tariffs that were imposed as part of the conflict, a spokesperson for the Chinese Ministry of Commerce announced on Thursday. China and the US are

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03 Jun 2019

China Threatens To Blacklist U.S. Firms Refusing To Supply Huawei

China continues to retaliate against recent US sanctions targeting Huawei and other Chinese firms. Last Friday, Beijing threatened to blacklist US companies that comply with those sanctions. A week before that, China had issued a draft bill ordering Chinese firms that want to buy “network products and services that affect

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29 May 2019

China ready to hit back at U.S. with rare earths: newspapers

Chinese newspapers on Wednesday reported that the Chinese government’s next move in its trade war with the United States may be the restriction of rare earths exports to the US. Rare-earth elements (REEs) are used for the production of smart phones, computers and other technological devices, as well as military

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14 May 2019

China’s ‘self-destructive nuclear option’ in trade war: Selling US Treasury bonds

Included in China’s Twitter response to U.S. tariffs being increased on products originating in China, the threat of China selling U.S. Treasury bonds was explicitly called out a viable response option. Other responses included introducing tariffs on U.S. exports to China. Long considered a risk to the U.S. economy, this

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13 May 2019

JP Morgan: The US-China tariff battle is just the start of a global trade reordering

As the relationships between countries shift over the next few decades, expect trade to remain a hot button issue, according to one analyst. That prediction comes as the U.S. and China continue to square off in a trade war that has roiled global markets. Last week, U.S. President Donald Trump hiked

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13 May 2019

China is raising tariffs on $60 billion of US goods

China will raise tariffs on $60 billion in U.S. goods in retaliation for the U.S. decision to hike duties on Chinese goods. Tariffs will be raised from 10% to 25% effective June 1, 2019 in a move that is sure to spark concern in global markets as the trade war

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29 Apr 2019

Why Russia, Iran seek deeper ties with North Korea

Last week, Russian President Vladimir Putin and North Korean leader Kim Jong-un met in Russia for a two-day summit to discuss bilateral relations and the situation on the Korean peninsula. The summit was moderately successful. Both leaders expressed their satisfaction with the talks, a world of difference from the February

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05 Mar 2019

Trump targets India and Turkey in trade crackdown

Just as the US-China trade war seems to be coming to an end with both countries working to finalize a new trade agreement, the US government has announced significant unilateral changes in its trade relations with India and Turkey. US President Trump stated that his administration is ending the preferential

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