Category: Extra News

Trump Admits Making up Trade Claim in Trudeau Talk

President Donald Trump freestyled with the facts when talking trade with Canadian Prime Minister Justin Trudeau. The Republican described the discussion during a fundraising speech in St. Louis on Wednesday.   According to audio obtained by The Washington Post, Trump insisted that the United States runs a trade deficit with …

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Trump Admits Making up Trade Claim in Trudeau Talk

President Donald Trump freestyled with the facts when talking trade with Canadian Prime Minister Justin Trudeau. The Republican described the discussion during a fundraising speech in St. Louis on Wednesday.   According to audio obtained by The Washington Post, Trump insisted that the United States runs a trade deficit with …

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Steel and Aluminum Tariffs Spur a Hot Debate

President Donald Trump’s recently proposed tariffs on steel and aluminum have spurred a hot debate in the U.S. that doesn’t adhere to traditional party lines. Is the administration’s move a boon to American workers or the beginning of a trade war? VOA’s Plugged In with Greta Van Susteren examines the …

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Steel and Aluminum Tariffs Spur a Hot Debate

President Donald Trump’s recently proposed tariffs on steel and aluminum have spurred a hot debate in the U.S. that doesn’t adhere to traditional party lines. Is the administration’s move a boon to American workers or the beginning of a trade war? VOA’s Plugged In with Greta Van Susteren examines the …

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Iran Signs $740 Million Agreement on Oil Project

Iran’s state-run oil company has signed a $740 million agreement with a Russian-Iranian consortium to develop two oil fields near the Iraqi border. Under the agreement signed Wednesday, there will be a 48,000-barrel daily production of crude for a 10-year span in oil fields in Aban and West Paidar in …

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Iran Signs $740 Million Agreement on Oil Project

Iran’s state-run oil company has signed a $740 million agreement with a Russian-Iranian consortium to develop two oil fields near the Iraqi border. Under the agreement signed Wednesday, there will be a 48,000-barrel daily production of crude for a 10-year span in oil fields in Aban and West Paidar in …

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Behind the Broadcom Deal Block: Rising Telecom Tensions

Behind the U.S. move to block Singapore-based Broadcom’s hostile bid for U.S. chipmaker Qualcomm lies a new global struggle for influence over next-generation communications technology — and fears that whoever takes the lead could exploit that advantage for economic gain, theft and espionage. In the Broadcom-Qualcomm deal, the focus is …

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Behind the Broadcom Deal Block: Rising Telecom Tensions

Behind the U.S. move to block Singapore-based Broadcom’s hostile bid for U.S. chipmaker Qualcomm lies a new global struggle for influence over next-generation communications technology — and fears that whoever takes the lead could exploit that advantage for economic gain, theft and espionage. In the Broadcom-Qualcomm deal, the focus is …

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Chilean Financial Minister: Pinera to Impose Austerity But Not ‘Mega-adjustments’

Chile’s new government is preparing belt-tightening measures after inheriting a larger-than-anticipated fiscal deficit from its predecessor, but the measures will stop short of “mega-adjustments,” Finance Minister Felipe Larrain said on Monday. Conservative billionaire Sebastian Pinera took office on Sunday vowing to combat economic “stagnation” and calling for a return to …

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Chilean Financial Minister: Pinera to Impose Austerity But Not ‘Mega-adjustments’

Chile’s new government is preparing belt-tightening measures after inheriting a larger-than-anticipated fiscal deficit from its predecessor, but the measures will stop short of “mega-adjustments,” Finance Minister Felipe Larrain said on Monday. Conservative billionaire Sebastian Pinera took office on Sunday vowing to combat economic “stagnation” and calling for a return to …

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Trump Blocks Broadcom Takeover of Qualcomm

U.S. President Donald Trump is blocking Singapore-based Broadcom, maker of computer and smartphone chips, from taking over U.S. chipmaker Qualcomm. Trump cited national security grounds in stopping the takeover, following the recommendation of the Committee on Foreign Investment in the United States (CFIUS). The committee reviews national security implications when …

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Economic Problems Prompt Iran to Cautiously Consider Change

Labor strikes. Nationwide protests. Bank failures. In recent months, Iran has been beset by economic problems despite the promises surrounding the 2015 nuclear deal it struck with world powers. Its clerically overseen government is starting to take notice. Politicians now offer the idea of possible government referendums or early elections. …

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Economic Problems Prompt Iran to Cautiously Consider Change

Labor strikes. Nationwide protests. Bank failures. In recent months, Iran has been beset by economic problems despite the promises surrounding the 2015 nuclear deal it struck with world powers. Its clerically overseen government is starting to take notice. Politicians now offer the idea of possible government referendums or early elections. …

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China: ‘No Winners in a Trade War’

China said Sunday it does not intend to ignite a trade war with the U.S. because the move would be disastrous for the entire world. “There are no winners in a trade war,” Minister of Commerce Zhong Shan said on the sidelines of China’s annual parliamentary session. “China does not …

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US Tariffs Spark Fears of Trade Conflict in Asia

Several Asian nations that are major trading partners with the U.S. reacted strongly Friday to a U.S. decision to impose tariffs on metal imports, raising concerns of global trade conflicts. China, a key target of U.S. trade concerns, said it was “resolutely opposed” to the U.S. tariff decision, with Japan …

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China Gears Up to Retaliate Against US Tariffs

China is gearing up to retaliate in response to stiff U.S. tariffs on steel and aluminum as Chinese industry associations urge authorities to take “resolute measures.” Retaliation from Beijing could contribute to a possible trade war between the world’s two biggest economies, analysts said. China’s Ministry of Commerce has pledged …

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