Liang Liang is feeling a lot of stress lately. He owns an import wholesale business in Los Angeles. “I have been watching the news every day — when will the tariffs be put in place? When are my goods arriving; it’s a fight against time. I’m trying to order all …
Liang Liang is feeling a lot of stress lately. He owns an import wholesale business in Los Angeles. “I have been watching the news every day — when will the tariffs be put in place? When are my goods arriving; it’s a fight against time. I’m trying to order all …
As the Trump administration announces tariffs on an additional $200 billion in Chinese imports, the largest port complex in the United States is bracing for its impact. For the twin ports of Los Angeles and Long Beach, China is the largest trader, and what happens at these ports can ripple …
Suspiciously cheap diamonds, jeans for $1 and a pair of skis for next to nothing. It’s not a dream, these are actual bargains at a store in a small town in Alabama. What it sells are the contents of lost airline baggage. Every year airline companies lose about 20 million …
The United States has formally lifted a crippling ban on exports to the Chinese telecommunications giant ZTE. The Commerce Department said Friday that it had removed the ban after ZTE deposited $400 million in a U.S. bank escrow account as part of a settlement reached last month. ZTE has already …
The White House released a report Thursday contending that the United States’ war on poverty — a drive that started over 50 years ago to improve the social safety net for the poorest citizens of the world’s largest economy — is “largely over and a success,” contrasting with other reports …
As farmer Brian Duncan gently brushes his hands over the rolling amber waves of grain in the fields behind his rural Illinois home, this picturesque and idyllic American scene belies the dramatic hardship he currently faces. “We’re in trouble,” he told VOA. Wheat is just one product that grows on …
As farmer Brian Duncan gently brushes his hands over the rolling amber waves of grain in the fields behind his rural Illinois home, this picturesque and idyllic American scene belies the dramatic hardship he currently faces. “We’re in trouble,” he told VOA. Wheat is just one product that grows on …
U.S. farmers are beginning to feel the effects of tariffs imposed by China in retaliation for U.S. tariffs on Chinese steel and aluminum. As VOA’s Kane Farabaugh reports, while the short-term concern for farmers is the impact on profits this year, the bigger worry is the longer term consequences of …
U.S. farmers are beginning to feel the effects of tariffs imposed by China in retaliation for U.S. tariffs on Chinese steel and aluminum. As VOA’s Kane Farabaugh reports, while the short-term concern for farmers is the impact on profits this year, the bigger worry is the longer term consequences of …
China’s trade surplus with the United States swelled to a record in June as its overall exports grew at a solid pace, a result that could further inflame a bitter trade dispute with Washington. But signs exporters were rushing shipments before tariffs went into effect in the first week of …
The Turkish lira recovered some losses Thursday hours after it hit record lows. New Treasury and Finance Minister Berat Albayrak, President Recep Tayyip Erdogan’s son-in-law, sought to reassure nervous markets that the central bank’s independence was not in question. The wild currency gyrations following Albayrak’s appointment underscore concerns over what …
U.S. consumer prices barely rose in June, but the underlying trend continued to point to a steady buildup of inflation pressures that could keep the Federal Reserve on a path of gradual interest rate increases. Other data on Thursday showed first-time applications for unemployment benefits dropped to a two-month low …
The U.S. is on pace to leapfrog both Saudi Arabia and Russia to become the world’s biggest oil producer. The latest data released by the Energy Information Administration shows U.S. output growing again next year to 11.8 million barrels a day. Linda Capuano, who heads the agency, says that …
The U.S. is on pace to leapfrog both Saudi Arabia and Russia to become the world’s biggest oil producer. The latest data released by the Energy Information Administration shows U.S. output growing again next year to 11.8 million barrels a day. Linda Capuano, who heads the agency, says that …
Nigeria’s President Muhammadu Buhari said on Wednesday the country will soon sign up to a $3 trillion African free trade zone. Nigeria is one of Africa’s two largest economies, the other being South Africa. Buhari’s government had refused to join a continental free-trade zone established in March, on the grounds …
Nigeria’s President Muhammadu Buhari said on Wednesday the country will soon sign up to a $3 trillion African free trade zone. Nigeria is one of Africa’s two largest economies, the other being South Africa. Buhari’s government had refused to join a continental free-trade zone established in March, on the grounds …
In a ceremony last week attended by heads of state from across East Africa, Djibouti inaugurated what it says will become the largest free-trade zone on the continent. The project will take 10 years to complete and will occupy more than 48 square kilometers when finished. In the pilot phase, …
In a ceremony last week attended by heads of state from across East Africa, Djibouti inaugurated what it says will become the largest free-trade zone on the continent. The project will take 10 years to complete and will occupy more than 48 square kilometers when finished. In the pilot phase, …
As the trade war between the world’s two largest economies nears the end of its first week, its most unsettling fact may be this: No one seems to foresee any clear path to peace. The United States insists that China abandon the brass-knuckles tactics it’s used to try to …
Uber is getting into the scooter-rental business. The ride-hailing company said Monday that it is investing in Lime, a startup based in San Mateo, California. “Our investment and partnership in Lime is another step towards our vision of becoming a one-stop shop for all your transportation needs,” Rachel …
Uber is getting into the scooter-rental business. The ride-hailing company said Monday that it is investing in Lime, a startup based in San Mateo, California. “Our investment and partnership in Lime is another step towards our vision of becoming a one-stop shop for all your transportation needs,” Rachel …
President Donald Trump is threatening to “respond” after several major U.S. drug companies raised prices of some widely prescribed medicines. “Pfizer and others should be ashamed that they have raised drug prices for no reason,” Trump tweeted Monday. “They are merely taking advantage of the poor and others unable to …
President Donald Trump is threatening to “respond” after several major U.S. drug companies raised prices of some widely prescribed medicines. “Pfizer and others should be ashamed that they have raised drug prices for no reason,” Trump tweeted Monday. “They are merely taking advantage of the poor and others unable to …
Behind a row of sealed red incubator doors in a new facility in northern China, about 400,000 chicks are hatched every day, part of the rapidly modernizing supply chain in China’s $37 billion egg industry, the world’s biggest. As China overhauls production of everything from pork to milk and vegetables, …
German Chancellor Angela Merkel and Chinese Prime Minister Li Keqiang stressed their commitment to a multilateral trade system Monday in the wake of Washington’s decision to impose widespread tariffs, saying it was to everyone’s benefit. Speaking in Berlin after the two countries signed deals worth 20 billion euros ($23.6 billion), …