Pages, tagged as «USA»
Trump’s trade wars release the genie from the bottle
Trump said that European Union was worse to USA on trade than China. RISS expert Vyacheslav Kholodkov noted that these serious words were followed up by serious action. In July, the USA expanded a list of goods from the European Union, which can impose duties. The EU warned that the US would face counter-measures if Trump went through with his threat. "Trump’s trade wars released the genie from the bottle. The World Trade Organization (WTO) is crumbling," he said.
US default could trigger the world financial crisis
The global economy is in a precarious and unstable situation now. The US-China trade war could trigger global financial crisis, RISS expert Vyacheslav Kholodkov considers. He recalled Japan's recent increase in trade tariffs on South Korean high-tech goods, as well as India's increase in import duties on certain goods from the USA. "If the US-China trade war continues, the threat of a global crisis will increase significantly," he said.
US will continue exerting pressure on Iran
Tensions over Iran’s nuclear program exacerbated after Washington unilaterally withdrew from the deal on May 8, 2018 and slapped US economic sanctions on Iran’s oil exports
Value split in US society grows deeper
Americans are increasingly divided
USA unlikely to go it alone on Iran
Increasing economic and military US pressure on Iran threatens to escalate tensions in the Middle East, RISS expert Vladimir Evseev considers. Any provocation may result in a devastating military confrontation. In addition, Israel and Saudi Arabia are interested in aggravating the conflict. "The White House believes that it can control the situation, but we should not forget that many countries continued to fight, even though both sides knew the war was pointless," he said.
Iran calls US offer for talks pointless
Secretary of State Mike Pompeo’s and Trump administration’s remarks on US-Iran talks look like they are playing the good cop - bad cop, RISS expert Vladimir Fitin considers. American officials are putting strong pressure on Iran by intoducing fresh economic sanctions, which have already reduced Iranian oil exports almost to zero. Moreover, Washington is putting pressure on partner countries to stop their economic cooperation with Tehran. At the same time, the US is increasing military pressure: sends warships to the Persian Gulf, deploys B-52 bombers to Qatar and Patriot missiles to the Middle East.
Rare Earths Market Could Become Next Victim of US-China Trade War
China's plans to raise tariffs on metal ores and concentrates to as high as 25 percent from 1 June will take a heavy toll on California-based miner Mountain Pass Materials and create serious difficulties for Texas-based Blue Line Mining, which plans to establish the only large-scale facility for rare earth mineral production in the US.
US is trying to hit Iran economically
The confrontation between the US and Iran is escalating: Washington has sent an aircraft carrier strike group to the Persian Gulf. However, RISS expert Vladimir Evseev believes that despite the aggressive rhetoric on both sides, the escalation of the Middle East conflict will not lead to real war. "US actions only look like real military pressure. US is already deploying a Patriot anti-missile battery to the Middle East and a group of strategic b-52 bombers in the UAE and Qatar. But this is the military force, which can't be used for offensive operations on Tehran," he said.
US-China trade talks failed again
RISS expert Vyacheslav Kholodkov believes that it would be wrong to consider the US-China confrontation as a usual trade war. "In fact, there is a fierce competition between the superpowers. I would say this is the beginning of the cold war," he pointed out. US Secretary of State M.Pompeo in his London speech recalled that Washington faced with the same threat that came from the Soviet Union in the 20th century. However, unlike the USSR, China was able to integrate into the world economy and developed rapidly.
US-China trade war to spark global recession
Rather than dying down, tensions between Washington and Beijing are only heating up. US President Donald Trump has raised tariffs on Chinese goods from 10% to 25%, but Beijing has not responded to the move so far. Nevertheless, Washington has suggested that China should reach a trade deal now if it wants to avoid more serious consequences. Economists fear that the standoff between the two countries will trigger a global recession, and a collapse of oil prices and stock markets, Nezavisimaya Gazeta writes. "For Russia, escalation of the trade war does not bode well. In the future, global recession will result in the collapse of commodity currencies, including the ruble," experts say.