The Trump administration’s proposal to expand offshore drilling off the Pacific Northwest coast is drawing vocal opposition in a region where multimillion-dollar fossil fuel projects have been blocked in recent years. The governors of Washington and Oregon, many in the state’s congressional delegation and other top state officials have …
U.S. President Donald Trump says Mexico and Canada would be exempted from his planned tariffs on steel and aluminum imports if they can reach a “new and fair” trade agreement with the United States. The three countries are currently in negotiations on revising the North American Free Trade Agreement, with …
China’s top economic official set a robust growth target Monday and promised more market opening and cuts in a bloated steel industry that has inflamed trade tensions with Washington and Europe. The growth target of “around 6.5 percent” announced by Premier Li Keqiang to China’s ceremonial legislature, little-changed from last …
Washington is bracing for the start of a possible trade war between the United States and its closest allies and biggest commercial partners and a radical departure from America’s trading posture of the last seven decades. VOA’s Michael Bowman reports, the Trump administration is not backing down from last week’s …
China has added its voice to a growing chorus of concern about the rising threat of a trade war and tariffs that U.S. President Donald Trump is expected to impose on steel and aluminum imports later this week. A top Chinese diplomat says that while Beijing does not want …
The EU will soon unveil a plan for taxing major internet companies like Amazon and Facebook by imposing a levy of two to six percent on revenues in every country where they operate, French finance minister Bruno Le Maire said Sunday. “The range will be from two to six percent; …
President Donald Trump threatened on Saturday to impose a tax on European cars if the European Union chooses to retaliate against his plans to place tariffs on imported steel and aluminum. In a tweet Saturday morning, Trump said the U.S. had an “$800 Billion Dollar Yearly” trade imbalance because of …
The tiny Marshall Islands is creating its own digital currency in order to raise some hard cash to pay bills and boost the economy. The Pacific island nation said it became the first country in the world to recognize a cryptocurrency as its legal tender when it passed a law …
In agitating for a trade war, President Donald Trump may have forgotten William Tecumseh Sherman’s adage that “war is hell.” The Civil War general’s observation can be apt for trade wars, which may create conditions for a shooting war. A look at Trump’s spoiling-for-a-fight tweet Friday: TRUMP: “When a country …
China has warned about the “huge impact” on global trading, if U.S. President Donald Trump proceeds with his plans to impose 25 percent tariffs on imported steel and 10 percent on imported aluminum products. Wang Hejun, head of China’s commerce ministry’s trade remedy and investigation bureau, said in a statement …
U.S. President Donald Trump’s threat to impose steep tariffs on steel and aluminum imports sparked concerns of a trade war Friday, with emerging markets trading lower and some world leaders threatening to take retaliatory measures. Japan’s Nikkei share average fell to a more than two-week low Friday. The Nikkei ended …
Australia’s corporate watchdog is taking mining giant Rio Tinto and two former executives to court over the global miner’s “misleading and deceptive conduct” in reporting the coal reserves of a Mozambique mine purchased for $4 billion. The Australian Securities and Investments Commission (ASIC) launched the court action Friday against Rio …
When refugees arrive in a new country, they bring little to no material possessions. But many bring something more valuable: their talent and skills. Twenty refugee women and asylum-seekers from different parts of the world recently came together at a pop-up store in Phoenix, Arizona, to display their homemade products …
U.S. stocks sank in another dizzying day of trading Thursday after U.S. President Donald Trump promised stiff tariffs on imported steel and aluminum, worrying investors about possible retaliation by other countries. The Dow Jones industrial average fell 420.22 points, or 1.68 percent, to 24,608.98, the S&P 500 lost 36.16 points, or 1.33 …
President Donald Trump announced Thursday the United States will impose steep tariffs on steel and aluminum imports. Trump said tariffs of 25 percent on steel and 10 percent on aluminum imports will be in effect for a long period of time. He said the measure will be signed “sometime next …
A company’s value is often tied to the message it portrays to customers. But what happens when other companies try to take advantage of your brand? Take the Philadelphia Eagles, for instance. The American football team wants to exclusively own the phrase: “Philly Special.” That was the trick play that …
Two major U.S. retailers changed their gun sales policies Wednesday in the fallout over a Florida high school massacre. Walmart, the country’s biggest retailer, announced it is raising the age restriction for buying guns and ammunition to 21. “We take seriously our obligation to be a responsible seller,” it said …
When refugees arrive in a new country, they bring little to no material possessions. But many bring something more valuable: their talent and skills. Twenty refugee women and asylum seekers from different parts of the world recently came together at a pop-up store in Phoenix, Arizona, to display their homemade …
Growth in China’s manufacturing sector in February cooled to the weakest in more than 11/2 years, raising concerns of a sharper-than-expected slowdown in the world’s second biggest economy this year as regulators tighten the screws on financial risks. The weakness was driven by disruption to business activity by the Lunar …
The U.S. Commerce Department on Tuesday recommended raising import duties on Chinese-made aluminum foil it said is being sold at unfairly low prices due to improper subsidies to producers. The ruling was praised by the Aluminum Association, a trade group that pressed the case and said cheap imports were …
U.S. President Donald Trump has reached an agreement with the Boeing Co to provide two Air Force One planes for $3.9 billion, the White House said on Tuesday. “President Trump has reached an informal deal with Boeing on a fixed-price contract for the new Air Force One Program,” Deputy Press …
Federal Reserve Chairman Jerome Powell, pledging to “strike a balance” between the risk of an overheating economy and the need to keep growth on track, told U.S. lawmakers on Tuesday that the central bank would stick with gradual interest rate increases despite the added stimulus of tax cuts and government …
U.S. President Donald Trump will meet with senators and Cabinet officials on Tuesday to discuss ways to lower the cost of the nation’s biofuels policy to oil refiners, according to sources familiar with the matter. The meeting reflects rising concern in the White House over the current state of the …
U.S., Mexican and Canadian negotiators met on Monday seeking to narrow disagreements on how to overhaul the NAFTA trade deal despite renewed signs of tension between Mexico and U.S. President Donald Trump over his planned border wall. The trade teams began a seventh round of talks on Sunday aiming to …
U.S. President Donald Trump on Monday said he wants to bring the steel industry back to America even if it means applying tariffs to imports from other countries. “I want to bring the steel industry back into our country. If that takes tariffs, let it take tariffs, OK? Maybe it …
One of the hallmarks of India’s financial capital, Mumbai, is a food delivery system that involves 5,000 lunchbox carriers, who distribute over 100,000 home cooked meals to office workers with an efficiency that has been the subject of top business school studies. These men are now using their food distribution …