Trump wages economic war on US allies, while BRICS builds alternative system

Trump wages economic war on US allies, while ...

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Iran challenges US dollar, says oil must be sold in Chinese yuan, as it targets US corporations

In response to the US-Israeli war, Iran shut down the Strait of Hormuz, the most important oil chokepoint on Earth, causing energy prices to skyrocket. However, Tehran is allowing Chinese tankers through, and says other ships can pass if they agree to sell oil in China's currency ...  Afficher plus

US war on Iran isn't just about Israel; it's mainly about oil and dollar dominance

Why is the USA waging war on Iran? It's not just because of Israel. Washington wants to control the oil of the Middle East (West Asia) to maintain the petrodollar system. The Trump admin fears the dedollarization movement's challenge to the global reserve currency, which is the U ...  Afficher plus

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Europe’s game plan for handling Trump at G7
FT News Briefing

The Pentagon has launched a review of the 2021 Aukus submarine deal with the UK and Australia, Donald Trump has said the US and China’s deal to restore their trade war truce is “done”, and US inflation rose less than expected to 2.4 per cent in May. Plus, European governments are ...  Afficher plus

Trump plans to hit Brazil with 50% tariffs
Big Boss Interview

The US president, Donald Trump, has made public the tariffs he intends to slap on imports from another group of countries, including Brazil, from the start of August. The chipmaker Nvidia has become the first company in the world to reach a market value of $4tn on Wednesday. Davi ...  Afficher plus

Trade Wars: Trump vs China
The Story

Having implemented - then temporarily rescinded - tariffs on Canada and Mexico after both countries struck last-minute deals, Donald Trump now has his sights firmly focused on China. Following his announcement of a 10% tax on their imports to the US, China retaliated with thei ...

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Europe confronts Trump: the politics of transatlantic relations
Mark Leonard's World in 30 Minutes

Less than two weeks into his second term and President Donald Trump is already dominating global headlines. From reigniting trade war threats and doubling down on his ambitions to acquire Greenland, to withdrawing from multilateral agreements and demanding that NATO allies all ...

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