Trade War with China

Active Shooter Capitalism: U.S. Goes Postal on it Biggest Creditor

WHILE YOUR ATTENTION WAS DIRECTED ELSEWHERE: The U.S. is fast choking off two of China's major oil suppliers, Iran and Venezuela, and last Thursday, a Treasury and Commerce Department order effectively closed the American market to Huawei, the biggest Chinese cell phone manufacturer. That follows an announcement on May 14 by the US Trade Representative of a 25% tariff on a $300 billion basket of Chinese-made goods.