Day: July 15, 2024
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U.S. Senator Marco Rubio Wants to Use Massive Tariffs to Unseat China’s Dominance in Critical Resources
U.S. Senator and Republican party vice presidential hopeful Marco Rubio submitted legislation this month that aims to break China's current control of critical mineral supply chains with punishing tariffs up to 800%. Rubio's Critical Mineral Supply Chain Realignment Act of 2024 calls ...
New Chinese Trade Data Reveals Growing Importance of Global South Amid Mounting Tensions With U.S., EU
China registered a record $99 billion trade surplus in June, adding to concerns that Beijing is leaning on exports to try and pull itself out of an economic slump. While the flood of low-cost Chinese-made products is good news for consumers, ...
China, Russia Conduct Joint Pacific Military Patrol
China and Russia conducted a joint naval patrol in the northern and western Pacific, Beijing's defense ministry said Sunday. The ministry added that the exercise was not "targeted" at any other nation. The two countries have drawn closer in recent years ...