Business

Trump to OPEC: 'Reduce pricing now!'

Trump to OPEC: 'Reduce pricing now!'

President Donald Trump has again lashed out at an global body - this time, it's the Organization of the Petroleum Exporting Countries ( OPEC ), which he accused Wednesday afternoon of driving up gas prices. "He has agreed", Trump tweeted on June 30. "There are indications that Iranian oil exports have already begun dropping during the first half of June, mostly to Europe".


Oil Surpasses the $75 Price Mark

Oil Surpasses the $75 Price Mark

Some OPEC members, including Venezuela and Libya, haven't been pumping up to their limits, contributing to gains in prices over the past week. Prices have also increased due to the persisting US-backed troubles in Venezuela, as well as with the unrest in Libya over control of that country's oil infrastructure.


Trump denies plan to pull out of WTO

Trump denies plan to pull out of WTO

It now has 164 member countries, which represent 98% of the global GDP and 95% of all global trade . Amid a separate United States dispute with China over intellectual property and in the wake of news reports that Mr Trump has considered withdrawing from the WTO, Mr Tusk stressed an agreement by the EU's national leaders last week to press for improvements in the way the Geneva-based global trade arbiter operates.


US tries to block China Mobile's entry

US tries to block China Mobile's entry

However, President Trump did announce a deal to allow ZTE's USA business to resume. China Mobile , China Unicom and China Telecom did not immediately respond to inquiries about the NTIA statement. But Ramakrishna Maruvada, anaylyst Daiwa Securities said that the impact was minimal given that the company makes most of its money from the domestic market.


Auto Tariffs Threaten to Ignite Authentic Economic 'Trade War'

Auto Tariffs Threaten to Ignite Authentic Economic 'Trade War'

Government-namely the 232 Steel and Aluminum tariffs and the Section 301 tariffs against Chinese imports-the threat of additional tariffs on automobile imports could be detrimental to our company", GM said . Trump has attacked the legendary Harley-Davidson motorcycle company, warning "we won't forget" after the firm said it planned to shift some manufacturing offshore due to European Union tariffs.


Time difference gives China head start on tariff war with U.S.

Time difference gives China head start on tariff war with U.S.

Another example of unfounded finger-pointing by the USA is the Made-in-China 2025 initiative. "Our measures are equal and being equal means that if the U.S. Bloomberg news reports that talks to avoid a trade war have stalled in part over USA demands that China reduce state support for high-tech industries.