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The United States has increased tariffs on $200 billion worth of Chinese products to 25 percent, and Beijing has responded in kind on $60 billion worth of American goods. More tit for tat appears to be on the way: the Trump administration is now openly deliberating whether to impose additional tariffs on a further $325 […]

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Senate Panel Advances $750 Billion Military Budget, Setting Up Battle With House

May 24, 2019           |                                       

Just days after the House military spending bill advanced through committee, the Senate Armed Services Committee has passed its own $750 billion military spending bill for 2020. Senate officials presented it as a “realistic” plan to increase spending. The Senate version of the bill broadly excluded the clauses in the House version, like the call […]

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Vijay Prashad says the very dangerous statements, economic sanctions and military aggression unleashed by Washington this week against Iran was countered by cool headed diplomacy by Japan, Russia, EU and China The post Trump-Bolton Aggression Against Iran Contained by Russia, Japan, China, and EU appeared first on The Real News Network.

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US Trade Talks With China Have Stalled

May 17, 2019           |                                       

The ever-escalating US trade war with China, which rocked stock markets earlier in the week, shows no signs of letting up, with sources familiar with the administration’s efforts saying that no new talks are taking place between the US and China on the matter. It’s not clear if any new talks are even scheduled at […]

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Guaido Confirms Norway Mediation, But Says No Direct Talks With Venezuela Government

May 16, 2019           |                                       

Venezuelan opposition leader Juan Guaido has confirmed he sent representatives to Norway to join mediation efforts to resolve the crisis in his South American country, but he denied direct talks are taking place with President Nicolas Maduro’s government. “There are some envoys in Norway,” Guaido told a rally of his supporters in Caracas on May […]

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By Ralph NaderMay 15, 2019 Conservatives favor consumer choice. Consumer information is vital to make that choice meaningful. Corporatists, masquerading as conservatives, do not care about informed consumer choice. Donald Trump is a corporatist, as are the vast majority of Republicans in his Cabinet and in Congress. Corporatists do not even want you to know […]

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Former Google CEO Eric Schmidt has defended the company’s plan to build a censored version of its search engine in China. In an interview with the BBC on Monday, Schmidt said that he wasn’t involved in decisions to build the censored search platform, code-named Dragonfly. But he insisted that there were “many benefits” to working […]

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Trump Promises Aid for ‘Great Patriot Farmers,’ Says China Will Pay for It

May 14, 2019           |                                       

As the US-China trade war continues to rage, President Trump is not only defending the hugely disruptive effect it is having on the global economy, but promising that the “great patriot farmers” of America would reap the rewards when the US ultimately won the trade war. Trump promised that the US government would compensate farmers […]

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The stock market dive on Monday, May 13, following China’s announcement that it would impose retaliatory tariffs for President Donald Trump’s tariff hike on $200 billion in Chinese products, set off alarms around the globe. The business press warned that the trade war between the two countries could “spin out of control.” Republicans worried that […]

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Spring Donation Drive CounterPunch is a lifeboat of sanity in today’s turbulent political seas. Please make a tax-deductible donation and help us continue to fight. There’s a new word in town, folks – or rather an old word with a new meaning. It has become the fashion among politicians and journalists to describe nations like […]

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Stocks Plummet as Trump’s Trade War With China Worsens

May 13, 2019           |                                       

The US trade war with China is going from bad to worse this week, as the broader US market plummeted on news of retaliatory Chinese tariffs. The Dow Jones Industrial Average fell over 600 points on Monday. Trump had long dismissed the idea that a trade war would even hurt the US, and has been […]

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Escalating U.S.-China Trade War Sends Stocks Plunging

May 13, 2019           |                                       

NEW YORK — U.S. stocks moved sharply lower Monday on Wall Street and extended the market’s slide into a second week as investors seek shelter from an escalating trade war between the U.S. and China. The Dow Jones Industrial Average and S&P 500 index each fell more than 2% as investors sold trade-sensitive shares. Chipmakers […]

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