Trade

China is building a naval base in Cambodia. Both governments say China won’t operate out of the base, but the argument isn't holding water.

China’s not-so-secret base in Cambodia is bigger than we thought

Sanctions against Russia have spurred renewed desires by some nations to move away from the U.S. dollar. Is dollar dominance at risk?

Russia sanctions ‘weaponized’ US dollar and now countries want to move away

Could king dollar lose its reign as the world's reserve currency? We look at the rise and fall of global reserve currencies before it.

The dollar is king but for how much longer? How reserve currencies fell.

Tensions between the United States and Iran are on the rise after both sides seized oil tankers at sea within the last week.

Iran retaliates after US oil confiscation, seizes oil tanker bound for States

Sen. Joe Manchin, D-W.V., said he is willing to sue the Treasury Department if it doesn't implement EV tax credits the way he intended when he wrote them.

Manchin willing to sue Treasury over EV tax credit guidelines

The new $7,500 EV tax credit went into effect Jan. 1, but at least one Senate Democrat wants to temporarily yank back the perk.

The $7,500 EV tax credits are being handed out for vehicles that don’t qualify

The Biden administration is reportedly considering cutting off Huawei from all American technology, inspired by fears Huawei helps China spy.

Biden weighs cutting off Huawei from US tech, China calls it ‘abuse of state power’

A series of tweets from China's foreign minister Qin Gang seem to signal a possible softening in China-U.S. relations after a tumultuous 2022.

China’s new Foreign Minister Qin Gang praises US in string of tweets