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The European Union said it is implementing retaliatory tariffs on $20.9 billion worth of U.S. goods in three phases in response to President Donald Trump’s steel and aluminum import taxes. The EU’s delayed response is due to the need for unanimous approval from its 27 member states. However, the EU stated that the tariffs could … Read more
U.S. President Donald Trump accused Beijing of currency manipulation to offset tariff impacts, warning that the practice may backfire on the oil-importing Asian nation. Offshore Yuan Falls to 7.42 per Dollar With just hours before the United States’ latest retaliatory tariffs against China were set to take effect, U.S. President Donald Trump accused Beijing of … Read more
Tim Draper is all in on Trump’s trade offensive, calling it a powerful reset to end global freeloading, crush weak leadership, and spark massive U.S. innovation. Tim Draper Endorses Trump’s Trade Offense, Calls Xi a ‘Weak Leader’ in Global Face-off Venture capitalist Tim Draper expressed strong support for Donald Trump’s economic and trade initiatives in … Read more
Arthur Hayes is calling it: China’s yuan devaluation is setting the stage for a tidal wave of capital to rocket into bitcoin and ignite a historic bull run. Arthur Hayes: Chinese Capital Flight May Flood Into Bitcoin as Yuan Slides Arthur Hayes, co-founder and former CEO of crypto derivatives exchange Bitmex and now head of … Read more
China is throwing down the economic gauntlet as Trump’s 104% tariffs take effect, signaling a long-game trade war strategy fueled by yuan devaluation and relentless countermeasures. Trump Escalates, but China’s Playing for the Win—Expert Sees Warpath Ahead China is sharpening its stance in the economic clash with the United States, issuing what financial leader Nigel … Read more
President Donald Trump remarked on the effects of the newly established reciprocal tariff scheme, including lower prices across the board and reduced inflation. He also stated that the U.S. would respond with stiffer tariffs if China continued to retaliate. Trade War Escalates as Trump Celebrates Price Drops, Floats Higher Tariff Regime Against China The global … Read more
Peter Schiff has suggested that China resolve its trade deficit with the U.S. by dumping its U.S. Treasuries and dollars, then using the proceeds to buy gold to back a revalued yuan. Schiff: Dumping U.S. Debt Would Benefit Chinese Consumers Economist Peter Schiff has urged China to resolve its trade deficit with the United States … Read more
Geologists have announced the discovery of a massive 1,000-ton gold deposit in northeastern China. Deposit Discovery Occurs Amid Gold Rally Chinese geologists recently claimed to have discovered a 1,000-ton deposit of gold in the country’s northeast. This latest discovery comes a few months after geologists using China’s advanced mineral prospecting technology found another deposit with … Read more
A Chinese economist, Zhang Ming, argues that U.S. dollar-pegged stablecoins, not Bitcoin or Ethereum, are strengthening the U.S. dollar’s global dominance. Dollar-Pegged Stablecoins Bolstering Dollar’s Global Role According to Zhang Ming, deputy director of the Institute of Finance and Economics at the Chinese Academy of Social Sciences, U.S. dollar-pegged stablecoins, not bitcoin ( BTC) or … Read more
The Cyberspace Administration of China stated that all artificial intelligence (AI) machine-generated content must be flagged with watermarks or metadata to identify its artificial origin. Unflagged content can still be produced, but creators must clarify the origin of the content, which will be logged by the source app for easier tracking. China Starts a Crusade … Read more