Trump to China: US the “piggy bank” that everyone wants to raid and take advantage of… NO MORE!


US President Donald Trump says Washington is “in a fantastic position” in trade negotiations with Beijing. According to the president, China buys almost $500 billion less from the United States than the US does from China.
It is Trump’s latest twitter attack on China in the ongoing tit-for-tat tariff war between the world’s two largest economies.
“Make your product at home in the USA and there is no Tariff. You can also buy from a non-Tariffed country instead of China,” Trump tweeted on Tuesday.

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Oil may hold the secret to ending the trade war


Oil may hold the secret to ending the trade war

As the US ramps up pressure on China to end the trade war, crude oil might actually end up being the common ground the two countries need to find a solution.
On Wednesday, US president Donald Trump crushed any hopes of a trade deal with China when he announced that China “broke the deal” and that, as a consequence, the US will enforce even higher tariffs on some imports from China starting on Friday, May 10.

China & South Africa to back India’s WTO proposal for protecting developing nations confronted by US


China & South Africa to back India’s WTO proposal for protecting developing nations confronted by US

India’s proposal to safeguard the right of special provisions for emerging economies that have been challenged by Washington will be supported by Chinese and South African authorities, according to the Economic Times.
The Indian government is currently seeking to amend regulations on unilateral action by members on trade issues. The topic is set to be discussed during a two-day ministerial meeting kicking off in New Delhi on Monday.