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ECONOMICS

G7 Pushes to Reduce China Dependency as Europe Weighs New Supply Chain Rules

By Meng Hao, Vision Times As geopolitical tensions and supply chain concerns continue reshaping the global economy, finance ministers and central bank officials from the Group of Seven (G7) gathered

US Trade Court Blocks Trump’s Global 10% Tariffs in Win for Small Businesses

A U.S. trade court has ruled against President Donald Trump’s temporary 10 percent global tariffs imposed under a 1970s trade law, delivering a legal victory to small businesses and several
AI Could Save America’s Economy—or Deepen Its Debt Crisis, Yale Study Warns
UAE’s Sudden OPEC Exit Dials Up Global Oil Shock
Tankers are seen at the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in the Sharjah Emirate in the United Arab Emirates, along the Strait of Hormuz June 23 2025
US Warns Shipping Firms Against Paying Iran Strait Fees, Threatens Sanctions
Iran Conflict Accelerates Asia’s Shift to Electric Vehicles, Data Suggests
US Treasury Sanctions Major Chinese Oil Refinery and 40 Shipping Firms Tied to Iran’s Shadow Fleet
Fed Holds Interest Rates Steady as Dissent Reaches Highest Level Since 1992
Iran Conflict Accelerates Asia’s Shift to Electric Vehicles, Data Suggests
The Iran conflict — which has disrupted global fuel supplies and intensified economic pressure — is accelerating...
US Treasury Sanctions Major Chinese Oil Refinery and 40 Shipping Firms Tied to Iran’s Shadow Fleet
According to an April 24 press release, the Treasury Department's Office of Foreign Assets Control sanctioned...
Fed Holds Interest Rates Steady as Dissent Reaches Highest Level Since 1992
The Federal Reserve announced Wednesday, April 29 that it will keep its benchmark interest rate unchanged...
North Virginia Unemployment Rises, Fairfax County Sees Largest Increase
According to the latest data released by the Virginia Department of Workforce Development and Advancement...
US Begins Refunding $166 Billion in Trump Tariffs After Supreme Court Rules Them Illegal
The United States has begun the process of refunding an estimated $166 billion in tariffs imposed under...
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A Closer Look at China’s ‘Regulations on Industrial and Supply Chain Security’
Lin Jianyi, Vision Times The “Regulations on Industrial and Supply Chain Security” (hereinafter referred...
India’s Yuan Payment for Iranian Oil Highlights Pragmatism, BRICS Push for Dollar Alternatives, Experts
India’s decision to settle a recent Iranian oil purchase in Chinese yuan reflects a mix of wartime pragmatism...
Japan, France Sign Rare Earths Recycling Deal to Lessen China Reliance
As French President Emmanuel Macron visited Japan, the two nations agreed to grow cooperation on rare...
The Great Wealth Transfer: Is China Quietly Becoming an Inherited Society?
A historic transfer of wealth is quietly taking shape in China that's unprecedented in scale, rapid in...