Tag: Ratchets

China Ratchets Up Pressure on Taiwan With Tariffs, Tension With US Deepens

The Chinese government is again rattling its saber at Taiwan—this time, by dismantling parts of a 14-year-old trade agreement and levying economic sanctions against the country. Beijing has announced that it plans to reinstate tariffs on 134 imports from Taiwan over the course of the coming weeks. China’s Ministry of Finance said the suspension of […]

Nikki Haley ratchets up her attacks on Donald Trump

LONDONDERRY, N.H. — Nikki Haley didn’t bat an eye when Donald Trump started calling her “birdbrain.” She brushed off his mocking of her surge in the polls by saying she was flattered by the attention. She’s even pledged to pardon him. But when it comes to his allies’ latest line of attack, Haley will bring […]

Oil Advances as Iran Warship in Red Sea Ratchets Tensions Higher

(Bloomberg) — Oil rose in New Year trading after Iran sent a warship into the Red Sea, escalating Middle East tensions, and as the outlook for Chinese crude demand brightened. Most Read from Bloomberg Brent crude climbed more than 2% to near $79. The deployment of an Iranian warship comes after the US Navy said […]