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WEEK IN REVIEW: Bessent: U.S. “Happy” With Current Tariffs on China

U.S. Treasury Secretary Scott Bessent said his government is “very happy” with the current level of tariffs on China. The comments show that the Trump administration would like to maintain stability with Beijing, at least until the current trade truce expires in November. “I think right now the ...

Ship Attacks Shift Attention to China’s Overland Routes

Attacks by Houthi rebel groups on commercial ships in the Red Sea are forcing the world’s largest shipping companies to reroute their shipments. About 10% of the world’s trade passes through the Red Sea, but the route accounts for 40% of ...