Biden to meet with China’s Xi at Peru summit — ahead of Trump tariffs and COVID reparations push
WASHINGTON — Outgoing President Biden will be speaking on the sidelines of the APEC summit in Peru this week as President-elect Donald Trump threatens to impose new tariffs on Chinese goods and force Asian countries to pay “reparations.” He is scheduled to have a final meeting with Chinese President Xi Jinping. In preparation for the […]
Oil Tumbles, ‘Singles Day’ Shopping Slumps After China’s Disappointing Stimulus Plan
Global oil prices fell about 2% on Monday after falling similarly on Friday due to investors' disappointment with the Chinese government's weak economic stimulus package. In another bad sign for China's economy, the Singles' Day online shopping holiday was disappointing, posting the lowest sales since the event began in 2009. Phil Flynn, Senior Analyst, Price […]
Trump Win Crashes China’s Markets, Exports Soar as Factories Scramble to Beat Tariffs
Chinese markets fell on Friday amid disappointment with Beijing's disappointing economic stimulus package and worries that President-elect Donald Trump will reinstate high tariffs on Chinese exports. Factories in China are reportedly ramping up production to get goods into the supply chain ahead of President Trump's inauguration. Chinese investors are Looking forward to it Trump's victory […]
Republicans inch closer to ending China’s favored trade status
Fresh off a red light Tuesday, House Republicans began renewing their idea of ending China's preferential trade status. They have begun to promote the idea of ending China's Permanent Normal Trade Relations (PNTR). The idea, once considered hopeless, is now a reality, as Republicans control the White House and the Senate, and are on track […]
Australian Dollar retraces recent losses as China’s Trade Surplus widens in October – FXStreet
The Australian dollar strengthens as China's trade surplus widens in October due to better-than-expected exports. Australia's trade surplus in September fell to 4.609 billion, compared to the expected 5.3 billion. The US Federal Reserve is widely expected to cut its benchmark interest rate by 25 basis points on Thursday. The Australian dollar (AUD) rose following […]
Silver (XAG) Forecast: Will Anticipation of China’s Stimulus Drive Prices to $35.40 – FX Empire
Weekly Gold (XAU/USD)Silver's strong rally this week was largely helped by gold's record performance. As gold soared above the $2,700 per ounce threshold, silver followed suit, reflecting the metals' historically close correlation. Geopolitical tensions, particularly in the Middle East, played a key role in the rally as investors sought safe haven assets. The conflict between […]
Microsoft Warns of Chinese Cyberattacks While Maintaining Ties to China’s Research Institutes
Microsoft continues to warn that the US is vulnerable to cyberattacks from China, but still maintains close ties to Chinese government research institutes that could serve as training grounds for the communist country's hacker armies I am doing it. Microsoft's own analysis was released earlier this week. More evidence shows how Chinese cyberattacks threaten the […]
China’s Espionage Machine Is Overwhelming The West
The Chinese government conducts espionage on such a large scale that Western governments are having a hard time curbing Beijing's espionage efforts, The Wall Street Journal reported on Monday. Just last month, the FBI said hackers linked to the Chinese government had compromised 260,000 internet-connected devices in the United States and Europe, while federal officials […]
China’s aggression tests US pact to defend Philippines
Rising tensions between the Philippines and China have raised questions about whether the United States is prepared to defend its allies from Chinese aggression, especially in disputed areas of the Pacific. The United States and the Philippines have a mutual defense treaty, first signed in 1951, that requires the countries to come together in the […]
China’s stock market is on fire
Claman Countdown panelists Steve Raipli and John Petrides evaluate economic data and the global economy. Chinese stocks posted their biggest one-day gain since 2008 on Monday, with domestic A-shares climbing as investors scrambled to take part in the wild rally sparked by the Chinese government's latest round of stimulus measures. recorded the highest trading volume […]