Free Republic

"This trade generated as much as $70 billion for Iran, propping up the regime and its nuclear weapons program." China is reportedly using a “dark fleet” to conduct secret ship-to-ship transfers of Iranian oil in an effort to evade U.S. sanctions on Tehran’s tankers. CBS News sent a crew to scout an area roughly 80 nautical miles from Singapore and found four ship-to-ship transfers occurring; all the “dark fleet” tankers had their transponders switched off, and “clearly do not want to be identified,” the outlet reported. “Both ships have a net or something, a tarp, deployed over the stern, covering...

The move to develop the Amu Darya field aligns with the Taliban’s goal of self-sufficiency, but can the cash-strapped regime go it alone?In late July, Afghanistan’s Taliban-run government decided to pursue unilateral development of the Amu Darya oil field, at least for the time being. It seems unlikely the cash-strapped regime will be able to maximize the potential of the oil field without foreign investment, but it will still be able to collect millions of dollars in revenue by going it alone. The move aligns with the Taliban’s oft stated goal of self-sufficiency. However, international investors may be troubled by...

President Trump’s executive order carved out a special tariff on goods shipped indirectly to the United States by way of other countries.Ever since President Trump began raising tariffs on goods from China during his first term, Chinese companies have raced to set up warehouses and factories in Southeast Asia, Mexico and elsewhere to bypass U.S. tariffs with indirect shipments to the American market via other countries.But on Thursday, Mr. Trump took aim at all indirect American imports, which he blames for part of the $1.2 trillion U.S. trade deficit. The president imposed 40 percent tariffs on so-called transshipments, which will...

When President Trump announced tariffs in April, officials in Kazakhstan were surprised to see their country on the list. Kazakhstan, a resource-rich country that borders Russia and China, does a minimal amount of trade with the United States. And based on how Kazakh government officials interpreted Mr. Trump’s new policies, more than 90 percent of its exports to the United States would be exempt from the tariff. American officials have spent much of the last decade promising money and support to prod the country to open up its economy, especially mining. "Many in the region saw the U.S. as a...