trade

China hawk Josh Hawley (R., Mo.) wrote an “open letter” to American companies with business ties to China on Thursday, calling on them to publicly denounce the Chinese Communist Party’s recent national security law that overrides Hong Kong’s independence. As Hong Kongers protested on the 31st anniversary of the Tiananmen Square massacre, Hawley warned that …

China raised the specter of escalated tensions with the U.S. over the weekend amid friction over the coronavirus pandemic, warning that the U.S. is pushing the relationship between the world’s two largest economies “to the brink of a new Cold War.” “It has come to our attention that some political forces in the U.S. are …

Question: I am a proponent of trade liberalization and a free market, but I keep coming back to the issue of the severe inequality that free international trade can create. How would an Objectivist view the marginalization of the poor in developing nations, where they have absolutely no way to rise above poverty and hunger without …

China on Friday repeated its pledge to implement its landmark trade deal with the US amid growing tensions between the two countries. “China will continue to boost economic and trade cooperation with other countries to deliver mutual benefits,” premier Li Keqiang said at the annual meeting of China’s parliament in Beijing, according to Bloomberg News. …

US stock indexes dropped on Friday as Sino-US tensions weighed on markets struggling to gauge the pace of economic recovery from the coronavirus. President Donald Trump’s statement on China’s plan for a national security law in Hong Kong on Thursday raised concerns over Washington and Beijing possibly reneging on their Phase-1 trade deal. Fears of …

The Trump administration has ramped up pressure on the Chinese Communist Party by forging closer political and business ties with Taiwanese technology firms, while at the same time working to undermine Chinese tech giant Huawei, according to a report. Taiwan Semiconductor Manufacturing Company, or TSMC, said last week it would build a factory in Arizona, …

The coronavirus crisis has President Trump feeling queasy about his trade deal with China. Trump said the landmark agreement “doesn’t feel the same” now that the pandemic has upended the global economy and reignited tensions between Washington and the Chinese Communist Party. “The big thing is they should have never let this happen,” the president …

Wall Street bonuses for 2020 could fall by as much as 25 percent to 30 percent due to the deep cuts to revenues recorded by banks and hedge funds earlier this year as a result of the novel coronavirus, according to a report published Wednesday by compensation consulting firm Johnson Associates. While most compensation is …

An Australian MP said China’s ban on Australian beef exports is punishment for the Australian prime minister’s proposed international inquiry into the origins of the coronavirus. “It’s a bastard act,’’ Liberal-Nationals MP George Christensen said. “It’s just wrong. China has just gone into full, bullying, threatening, coercion mode. That’s what I think.” Australia is set …

Countries involved in China’s massive international infrastructure push have reportedly asked Beijing for breaks on loans as the coronavirus roils their economies. China has lent countries hundreds of billions of dollars for infrastructure projects under its “Belt and Road Initiative,” which aims to build railroads, highways, energy pipelines and other arteries linking the country with …