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China, US impose tariffs on trade flows that don’t exist

Bloomberg Natural gas, the cleanest and fastest-growing fossil fuel, has found itself in perhaps the oddest corner of the multi-billion dollar trade war between the world’s two biggest economies. When the US added duties to $34 billion of Chinese goods last month, China retaliated with its own list that included piped natural gas from the US. And when President Donald ...

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Trump, Merkel trade barbs over Russia’s pipeline issue

Bloomberg Donald Trump and Angela Merkel got off to a prickly start at a NATO summit as the US president blasted Germany over its support for a gas pipeline from Russia, prompting a tart response from the chancellor. “It’s very sad when Germany makes a massive oil and gas deal with Russia where we’re supposed to be guarding against Russia ...

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Japan buys more US weapon in snub to domestic industry

Bloomberg While there’s little prospect that Japanese consumers will ever buy enough American cars to please Donald Trump, the Abe government’s record spending on defense is shaping up as a bright spot in bilateral trade for the US president. Japan’s purchases through the US Foreign Military Sales programme represent 16 percent of all non-personnel costs for the nation’s self-defense forces ...

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