“We expect tariffs targeting the remaining $300bn of US imports from China to go into effect,” the bank said in a note sent to clients. U.S. President Donald Trump announced on Aug. 1 that he would impose a 10% tariff on a final $300 billion worth of Chinese imports on Sept. 1, prompting China to halt purchases of U.S. agricultural products. China denies that it has manipulated the yuan for competitive gain.
Mohammed bin Salman, the Saudi crown prince, has thrown his weight behind the Yemeni government as it battles against a separatist group backed by Saudi Arabia’s allies in the United Arab Emirates (UAE). The prince’s military coalition in Yemen fractured dramatically over the weekend as the Yemeni government and the southern separatists turned their guns on each other after years of fight side-by-side under Saudi leadership. The intense fighting in the port city of Aden left 40 people dead as separatist forces, who seek an independent state in south Yemen, seized control of government buildings and fought against presidential […]
“We expect tariffs targeting the remaining $300bn of US imports from China to go into effect,” the bank said in a note sent to clients. U.S. President Donald Trump announced on Aug. 1 that he would impose a 10% tariff on a final $300 billion worth of Chinese imports on Sept. 1, prompting China to halt purchases of U.S. agricultural products. China denies that it has manipulated the yuan for competitive gain.
