Joe Biden

US-China trade tensions rise following Biden-Xi summit

A new cold war appears to be brewing as the U.S. places over a dozen Chinese companies on its trading blacklist, all while China slows its progress on purchasing $200 billion worth of U.S. goods by the end of the year.

OPEC considers pausing oil production increase after Biden releases more crude

Top oil producers Saudi Arabia and Russia are considering pausing their planned efforts to ramp up oil production, according to The Wall Street Journal, after the U.S. and other energy-consuming countries said they would tap their national strategic petroleum reserves in an attempt to bring down gasoline prices.