China warned of ‘substantial’ trade war tariff increases by US President Donald Trump if deal is not reached

In a speech in New York, the US president reiterates that scheduled 15 percent tariffs will be imposed on December 15 if a deal is not reached Interim agreement expected to include a US pledge to scrap tariffs scheduled for … Read More

China Further Weakens Yuan to 11-Year Low After US Blacklists Beijing as ‘Currency Manipulator’

posted in: Far East, News

In a statement on 6 August, the People’s Bank of China (PBOC) slammed Washington’s decision to designate China as a “currency manipulator”. China’s yuan has continued its nosedive, weakening to 7.0488 to the US dollar on Wednesday, about 0.4 percent … Read More

U.S. Plans More Than $2 Billion in Weapons Sales to Taiwan, Angering Beijing

WASHINGTON — The U.S. is planning a new effort to help the Taiwanese government upgrade its military by allowing Taipei to buy billions of dollars’ worth of weapons systems, possibly including more than 100 tanks — a move that has … Read More

Weekly Update by Mark Armstrong – 17 May 2019

posted in: News, Weekly Update

Greetings from Tyler, Of the many topics of national and international concern and interest this week, sanctions on Chinese goods, the consequences for farmers and American consumers has been the top story. Much was made of the plummeting stock market … Read More

Trump changes his tone on China deal after Market slide

posted in: News, United States

After President Donald Trump helped send markets tanking by feeding doubts about his trade deal with China, he stepped in Wednesday to pump up optimism in a series of early-morning tweets. The US President cited “very strong signals” overnight from … Read More

China Considers Currency Changes as Pressures Mount

posted in: Far East, News

A Benjamin Franklin US 100-dollar banknote and a Chinese 100-yuan banknote depicting late Chinese chairman Mao Zedong are seen in a photo illustration, Jan. 21, 2016. ~Reuters Under pressure from a slowing economy, rising tariffs and skittish investors, China’s government … Read More