On trade wars China is playing a careful game, but it holds more cards than Trump

Beijing knows the US presidents needs at least the appearance of a thriving economy before next year’s electionAt the beginning of September, Chinese president Xi Jinping incensed Donald Trump by imposing a flurry of new import duties on US goods, incl…

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‘Amazing deal’ or ‘capitulation’? Why the US-China trade truce may not last

Donald Trump hailed the agreement, but others think it masks a process of deglobalisation as the two superpowers struggle for hegemonyThe trade war between the US and China may never be settled, experts fear, even after the two sides agreed on an outli…

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Wall Street hits high as Trump raises hopes of US-China trade deal

Expectation is Washington may abandon plans to raise tariffs on fresh range of Chinese goodsShare prices on Wall Street have surged to record levels after Donald Trump boosted hopes of an imminent trade deal with China.The US president raised expectati…

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Turning the economic tide: could a radical monetary theory fix Australia’s woes?

Bill Mitchell, the leading Australian proponent of modern monetary theory, argues that governments should abandon their obsession with budget surplusesAnother week and another glut of evidence that the Australian economy is flatlining. Growth figures s…

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Wall Street and FTSE 100 sink as Trump intensifies trade war fears – business live

Rolling coverage of the latest economic and financial news, as US proposes steep new tariffs on French cheese, wine, handbags and porcelainLatest: Trump says China deal could wait until after 2020 electionTrump says France shouldn’t tax US companiesTru…

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Trump to restore steel tariffs on Brazil and Argentina

A symbolic slap in the face for Jair Bolsonaro as Trump accuses the two countries of devaluing their currencies and hurting US farmersDonald Trump announced on Monday that he will restore tariffs, effective immediately, on all steel and aluminum shippe…

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America is not the land of the free but one of monopolies so predatory they imperil the nation | Will Hutton

Its growing economic crisis is in contrast to a thriving and newly innovative EuropeTomorrow, President Trump arrives in London for the annual Nato summit. Despite the boasting and the trappings of superpower status, he is an emissary from a country wh…

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