[A] weak yen and rising interest rates have continued even further, with the primary cause being the increase in crude oil prices due to U.S. attacks on Iran.
[A] weak yen and rising interest rates have continued even further, with the primary cause being the increase in crude oil prices due to U.S. attacks on Iran.
Beijing wants to avoid being drawn into a confrontation with Washington while still demonstrating that it has an independent voice on major international crises.
The erratic tariff policy pursued by the U.S. president and his administration has so far mainly served to strengthen ties between countries in the Global South and Beijing, and, where relevant, Moscow.