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fromwww.nytimes.com
4 months agoThe Tariffs Are On, and Trump Suspends Ukraine Aid
China's retaliatory measures against US tariffs are escalating tensions in global trade relations.
Minacu, a small city in inland Brazil, is set to become the first operation outside Asia to produce four rare earths on a commercial scale. This marks a pivotal development amid escalating trade disputes between China and the US, particularly since China has historically dominated the production of these essential minerals.
Instead, that's the exact opposite of what happened. Just a day after Lutnick announced a deal had been signed, news broke that Trump is on the cusp of signing executive actions which would dramatically escalate the so-called "AI arms race" with China.
Bessent criticized the World Bank and International Monetary Fund for not fulfilling their missions and called for significant reforms in light of the economic climate.
Ontario wine agents are frustrated that while the LCBO has pulled all California wines from its shelves, grocery stores and giants like Costco continue to sell these products.