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Trump’s top trade negotiator confirms the China tariffs will increase on Friday, accuses Beijing of walking back on trade deal

US Trade Representative Robert Lighthizer confirmed US tariffs on $200 billion worth of Chinese goods would increase on Friday at 12:01 a.m. ET. The confirmation comes after President Donald Trump tweeted a threat to escalate the trade war. Lighthizer and US Treasury Secretary Steve Mnuchin told reporters the increase was in response to China’s sudden…


US-China Cold War far from over

US-China Cold War far from over

Ferguson says the Fed might get this right and look incredibly clever.But there’s also a chance that wage growth and inflation could be running at 3 per cent by the start of next year. And if meaningful wage growth happens in the coming months, the Fed could be forced into another U-turn, and raise rates…


China says Australian cyber attack suggestion is ‘baseless speculation’

China says Australian cyber attack suggestion is ‘baseless speculation’

Shanghai | China has attacked suggestions it was behind a cyber hacking attack on the computer systems of Australia’s three major political parties as “baseless speculation”.While Beijing did not directly deny it was behind an attack on the Liberal, National and Labor parties’ networks, it said said China was firmly opposed to cyber attacks and…


China offers Elon Musk permanent residency – Times of India

China offers Elon Musk permanent residency – Times of India

BEIJING: Tesla boss Elon Musk has been offered a “green card”, China said on Thursday, a privilege enjoyed by an elite group of foreigners, including several Nobel laureates and a former NBA star. Musk was in China for the ground-breaking of Tesla’s first overseas factory, which will allow it to sell vehicles directly in the…