4 d. ago China planning dozens of plants that use coal instead of oil to make plastics

China is stepping up its efforts to use its vast coal reserves instead of oil to produce plastics and synthetic rubber. Coal can be refined to make olefins – an essential raw material for tens of thousands of chemical products that include plastics, synthetic fibres and rubber. While the mainstream practice is to produce olefins from oil, using coal can bring significant cost savings and might help to reduce the country’s reliance on imported fuel at a time when Donald Trump is seeking to expand...

Politics

5 d. ago Trump says countries that trade with Iran will face 25 per cent tariffs from US

US President Donald Trump on Monday announced sweeping new tariffs targeting nations maintaining commercial ties with Iran. Effective immediately, the US will impose a 25 per cent tariff on all goods and services imported from any country that “does business” with Iran, Trump said in a social media post. The president characterised the order as “final and conclusive”. While the order is global, it is expected to hit major economies, specifically China and India, the hardest, given their...

Politics

5 d. ago Trump says China and countries that trade with Iran will face 25 per cent tariffs from US

US President Donald Trump on Monday announced sweeping new tariffs targeting nations maintaining commercial ties with Iran. Effective immediately, the US will impose a 25 per cent tariff on all goods and services imported from any country that “does business” with Iran, Trump said in a social media post. The president characterised the order as “final and conclusive”. While the order is global, it is expected to hit major economies, specifically China and India, the hardest, given their...

Politics

5 d. ago Trump says China and other countries trading with Iran to face additional 25% tariffs

US President Donald Trump on Monday announced sweeping new tariffs targeting nations maintaining commercial ties with Iran. Effective immediately, the US will impose a 25 per cent tariff on all goods and services imported from any country that “does business” with Iran, Trump said in a social media post. The president characterised the order as “final and conclusive”. “Effective immediately, any country doing business with the Islamic Republic of Iran will pay a tariff of 25% on any and all...

Politics

5 d. ago China’s US embassy decries ‘coercion’ after Trump slaps 25% tariffs on Iran trade partners

US President Donald Trump on Monday announced sweeping new tariffs targeting nations maintaining commercial ties with Iran. Effective immediately, the US will impose a 25 per cent tariff on all goods and services imported from any country that “does business” with Iran, Trump said in a social media post. The president characterised the order as “final and conclusive”. “Effective immediately, any country doing business with the Islamic Republic of Iran will pay a tariff of 25% on any and all...

Politics

6 d. ago Trump says might keep Exxon out of Venezuela after CEO called country ‘uninvestable’

US President Donald Trump said on Sunday that he might block ExxonMobil from investing in Venezuela after the oil major’s CEO called the country “uninvestable” during a White House meeting last week. Exxon CEO Darren Woods told Trump that Venezuela would need to change its laws before it could be an attractive investment opportunity, during the high-profile meeting on Friday with at least 17 other oil executives. Trump had urged the group to spend US$100 billion to revitalise Venezuela’s oil...

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9 d. ago Venezuela frees opposition figures and activists, which Trump says US requested

Venezuela released a number of imprisoned high-profile opposition figures, activists and journalists - both citizens and foreigners - on Thursday in what the government described as a gesture to “seek peace” less than a week after former president Nicolas Maduro was captured by US forces to face drug-trafficking charges. US President Donald Trump, who has been pressuring Maduro allies now leading the country to fold to his vision for the future of the oil-rich nation, said the releases came at...

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1 week ago China blasts US for ‘blatant interference’ after Donald Trump claims Venezuela’s oil

China has denounced the United States for its “blatant interference” in Venezuela, accusing it of violating international law and infringing upon the country’s sovereignty following Donald Trump’s statement that America would take its oil. Chinese foreign ministry spokeswoman Mao Ning on Wednesday described America’s actions in the South American country as breaching international norms. “Venezuela is a sovereign state and has full permanent sovereignty over all its natural resources and...

Politics

1 week ago If the US seizes control of Venezuela’s oil, who wins – and who loses?

After US air strikes hit Caracas on Saturday, Venezuelan leader Nicolas Maduro and his wife were detained and transferred to the United States. US President Donald Trump later said his country planned to “run” Venezuela for the time being and take control of its oil reserves. In the wake of the military operation, the Post examines the potential winners and losers in the global oil market. Who are the winners? The US stands to be the biggest beneficiary. One immediate implication could be...

Politics

1 week ago India faces new tariff hikes as Trump demands end to Russian oil imports amid trade talks

The United States could raise tariffs on India if New Delhi does not meet Washington’s demand to curb purchases of Russian oil, US President Donald Trump said on Sunday, escalating pressure on the South Asian country as trade talks remain inconclusive. “[Prime Minister Narendra] Modi is a good guy. He knew I was not happy, and it was important to make me happy,” Trump told reporters aboard Air Force One. “They do trade, and we can raise tariffs on them very quickly,” Trump said in response to...

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2 w. ago Trump says 'we are going to run the country' until there is a transition

Trump says 'we are going to run the country' until there is a transition  China Daily

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2 w. ago Trump says Venezuela’s Maduro captured after US conducted ‘large scale strike’ on country

Venezuelan President Nicolas Maduro has been captured and flown from the country, US President Donald Trump announced early on Saturday after confirming that US forces conducted what he called “a large scale strike against Venezuela and its leader”. In a post on social media, Trump said Maduro’s wife was also seized in the operation conducted along with US law enforcement. Trump said he planned to deliver a statement later on Saturday. At least seven explosions rang out and low-flying aircraft...

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