China-US trade war
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China responded to new U.S. tariffs by announcing Tuesday it will impose additional tariffs of up to 15% on imports of key U.S. farm products, including chicken, pork, soy and beef, and expanded controls on doing business with key U.S. companies. The tariffs announced by the Commerce Ministry will take effect from March 10, though…
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Crude oil prices slumped to their lowest level this year amid concerns of weakening demands after China announced a retaliatory tariff on US crude oil imports, while the US stockpiles rose for the second consecutive week. Crude oil prices fell to their lowest level since 31 December 2024 amid the escalating US-China trade war. Investors…
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On August 2, U.S. President Donald Trump announced a new round of tariffs on Chinese imports. In a tweet, he blamed China for failing to stop fentanyl trafficking to the U.S., which he said was responsible for thousands of deaths due to drug overdose. Fentanyl and its chemical analogs are at the heart of an…
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