US Threatens China with Massive Tariffs

In a surprise move, Democrats and Republicans have written a bill threatening China with a heavy tariff increase on its exports to the United States unless Beijing ceases intentional manipulation of the yuan and agrees to strengthen the currency significantly against the dollar in the near future.

USA vs The World

Recently Reuters posted a new article entitled “EU threatens to renew sanctions over US tax breaks.” This article highlights how the EU is threatening the US with “hefty sanctions” on US imports beginning May 1st if the US went through with plans to give huge tax breaks to companies deemed illegal by the WTO.