Economy

America's first major trade war occurred in 1930 when the Smoot-Hawley Tariff Act increased imports tariffs from 40 to 59 percent. (Image: Pixabay /  CC0 1.0)

What Are Tariffs and Trade Wars?

Free and open trade between countries is a crucial ingredient that can help to maintain a real-world marketplace. Many states have strong trade partnerships, and that creates a win-win situation for them. But still, there are countries that cannot agree…

Kevin Hassett, Chairman of the President's Council of Economic Advisers. (Image:  wikimedia /  CC0 1.0)

US Advisor Wants China Removed From the WTO

An economic advisor to U.S. President Trump has suggested that China needs to be expelled from the World Trade Organization (WTO) because of its misbehavior. China has long practiced a protectionist economic policy that prevents American companies from full access…

Forced tech transfers have helped Chinese brands like smartphones and other devices to usurp the top position, bypassing Western market leaders. (Image: Screenshot / YouTube)

How Chinese Brands Become World Class Players

You might have wondered how Chinese brands, especially ones like smartphones and other devices in the tech sector, have managed to usurp the top position, bypassing long-term Western leaders. There’s a simple answer — forced tech transfers. China has long…

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What Are Tariffs and Trade Wars?

Free and open trade between countries is a crucial ingredient that can help to maintain a real-world marketplace. Many states have strong trade partnerships, and that creates a win-win situation…

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US Advisor Wants China Removed From the WTO

An economic advisor to U.S. President Trump has suggested that China needs to be expelled from the World Trade Organization (WTO) because of its misbehavior. China has long practiced a…

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How Chinese Brands Become World Class Players

You might have wondered how Chinese brands, especially ones like smartphones and other devices in the tech sector, have managed to usurp the top position, bypassing long-term Western leaders. There’s…

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Losing the Economy or Losing Face?

The Chinese stock market has been on a slump in recent times as tensions regarding growth keep investors away from betting on the economy. Experts predict that the situation could…

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Unemployment: China’s Achilles’ Heel?

The U.S. unemployment rate has recently reached a low of 3.9 percent, with over 200,000 new jobs added in August alone. But across the Pacific, China is struggling with a…