Search ForexCrunch

The Telegraph is reporting on the US and Chinese cold war, writing how “China is expanding its domination of East Asia as it seeks to eclipse American influence and undermine its allies in the region, says one of President Trump’s closest unofficial advisers.”

Lead paragraphs

Jack Keane, 77, a retired general, referred to the most recent incidents in which Chinese vessels harassed an oil-drilling ship operated by a British-based company, and the claims by Beijing last week that it had “expelled” a US warship from the South China Sea.

Beijing’s maritime assertiveness has aroused the anxieties of governments in the region from Malaysia to Japan.

The remarks by the general, a former vice-chief of staff of the US army, reflect a growing willingness among conservatives in Washington to confront China; among them Mr Trump, as his election campaign … 

Related news

  • What you need to know as markets open: Pompeo and Trump ratcheted up US and China tensions
  • Pompeo’s anti-China bluff strategy reveals all-or-nothing mentality to fool US voters – GT

  • Gilead CEO: Remdesivir available to coronavirus patients this week, ‘We’ve donated the entire supply’

Market implications

  • Chart of the week: AUD/JPY looking ripe for a short