Posts published in “Top Stories”

Jet.com To Leave The Fresh Grocery Delivery Sector

By Jessica Branson on December 5, 2019

A few years back, Walmart purchased Jet.com (the e-commerce retailer) for $3 Billion. A number of people witnessed the decision as an effort to vie…

China to Think Again before Proceeding with Trade War against the U.S

Tariffs between China and the U.S. are already at their maximum. China has imposed tariffs on U.S. products worth $135 billion. Imports of American products into China are at dismal levels now after the tariffs and will be of no use if China imposes further tariffs on the U.S. In the U.S. the agriculture sector has been the worst hit. The American Farm Bureau Federation states that about 40 percent of the farmers’ income is coming only through government bailouts or insurance payouts as most of them have already gone bankrupt. Now that American farm exports to China are not very substantial, China is unable to threaten the U.S. on the agricultural front. The U.S. has been supportive of Hong Kong. If China unloads its reserve stockpile to retaliate against the U.S. on this account, it would face a deep crisis, without its reserve cushion. This may lead to a currency depreciation that would almost destroy its economy. China has to think again before going ahead with the trade war. Another hold that China has is its rich rare earth asset. There is a chance that China may threaten its rare earth material exports to the U.S. However, the U.S. can easily find new supplies, just as Japan did in 2010 when China refused to supply rare-earth to Japan. Exports now feel that China has no proper weapon to use against the U.S. The trade war has impacted the Chinese economy more than it has done on the U.S., says Nomura Research Institute. The war that has raged for about a year and a half continues to evade a negotiation, partly because China is not coming to terms with the U.S. While China is showing a slowdown, the U.S. economy has been quite resilient by coming up with good economic data showing a positive trend, says chief economist Richard Koo, from the Nomura Research Institute.

China to Think Again before Proceeding with Trade War against the U.S

By Jessica Branson on December 1, 2019

Tariffs between China and the U.S. are already at their maximum. China has imposed tariffs on U.S. products worth $135 billion. Imports of American products…

Tariffs on China’s Imports Help Garlic Growers in the U.S.

By Jessica Branson on November 30, 2019

Garlic growers who were affected by the Chinese imports are now finding it profitable after tariffs stopped garlic imports. When President Trump hit China with…

5G Tire By Pirelli Alerts Other Cars About Unsafe Road Conditions

By Jessica Branson on November 29, 2019

The future of vehicles is connectivity, with cars capable of communicating with infrastructure such as traffic lights and capable of sharing data related to traffic…

PG&E Warns People of Further Planned Power Outages in California

By Nicholas Vesey on November 28, 2019

On Wednesday, the Pacific Gas and Electric Company has warned people that heavy winds in various parts of California will bring in power cuts again.…