US President Donald Trump called the US-China trade war ceasefire "a crucial first phase." But all talk of a truce during the trade war is widely known.
Washington did not remove any tariffs and received some relief in the form of a package of aid to its farmers. Beijing gained decisive access to pork after its pigs were killed by swine flu.
Continued trade tensions led to an economic war. Washington has hit 28 Chinese technology companies with sanctions for their involvement in the repression of Uighur Muslims.
Now Beijing is targeting foreign companies and using access to the Chinese market through systems such as corporate social credit as a weapon against those who criticize its policies, the NBA was the last step in the Chinese troupe after China took offense at a tweet from an executive team in support of the protesters in Hong Kong.
Simon Chadwick, a professor of sports business at the University of Salford, tells Al Jazeera that he was surprised by the incident, given the NBA's investment and efforts to strengthen the sport of basketball in China.
"For most of the two decades, the NBA has not only invested a lot of money, but also invested a lot of time in their activities in China, and that really helped not only increase the NBA in China itself, but and to enhance basketball more generally, "he says.
Trump's sanctions on tankers hit rental rates
A few years back you could have rented an oil tanker for less than the cost of renting a Ferrari. But now the price of crude oil delivery worldwide has reached its 1
More than 40 very large crude carriers or LCCs operated by Chinese transportation company Cosco Shipping have been blacklisted to move sanctioned Iranian oil, Cosco has a total of 1,100 ships. tankers – of which there are approximately 54 – are also sanctioned.
A total of nearly 300 tankers are blacklisted, including Venezuelan vessels. This represents about three percent of the world's tanker fleet, according to Refinitiv Eikon. This resulted in the cost of hiring a ship from $ 18,000 to nearly $ 300,000 a day.
Rajat Kapoor, managing director of oil and gas at AWR Lloyd, explains that the huge effect of tanker prices and where they should be made today is with the current sanctions imposed by the US administration on Iran's crude oil.
"The United States, as you know, last month imposed sanctions on Cosco's subsidiaries, which is the Chinese shipping line and which is the largest shipping line in the world. Once you enter the US sanctions on these entities, on these tankers, they "Suddenly, hot cakes become. Nobody wants to touch these tankers. Then these volumes are taken away from international trade," says Kapoor.
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