The on-again, off-again tariffs between the United States and other countries are again under scrutiny, with the U.S. president not budging. VOA White House Correspondent Carolyn Presutti reports. …
your ad hereWall Street tumbles 10% below its record after Trump escalates trade war
NEW YORK — Wall Street’s sell-off hit a new low Thursday after U.S. President Donald Trump’s escalating trade war dragged the S&P 500 more than 10% below its record, which was set just last month. A 10% drop is deemed a correction by professional investors, and the S&P 500’s 1.4% slide …
your ad hereTrump threatens hefty tariffs on European spirits
U.S. President Donald Trump on Thursday threatened the European Union with 200% tariffs on wine, champagne and other spirits produced in the 27-nation bloc after the EU levied what he said was “a nasty 50% tariff” on American-distilled whiskey. Trump contended in a post on his Truth Social media platform …
your ad hereUS October-February budget deficit hits record $1.147 trillion
WASHINGTON — The U.S. budget deficit for the first five months of fiscal 2025 hit a record $1.147 trillion, the Treasury Department said on Wednesday, including a $307 billion February deficit for President Donald Trump’s first full month in office that was up 4% from a year earlier. The October-February deficit, …
your ad hereTrump, Irish leader meet amid differences on trade, Gaza war
WASHINGTON — U.S. President Donald Trump met Irish Prime Minister Micheal Martin on Wednesday for wide-ranging talks that reflected differences over trade and the conflict in Gaza, although both leaders pledged to expand cooperation between the two countries. The annual White House meeting around the time of St. Patrick’s Day is …
your ad hereUS stocks drop sharply as Trump hedges on recession
All three major U.S. stock indexes dropped sharply in Monday morning trading, with investors worried about the uncertainty of tariffs imposed by President Donald Trump on key trading partners and then his refusal to rule out the possibility of a U.S. recession in the coming months. The key Dow Jones …
your ad hereOne-day strike at 13 German airports, including main hubs, brings most flights to halt
Berlin — A one-day strike by workers at 13 German airports, including the Frankfurt and Munich hubs and all the country’s other main destinations, caused the cancelation of most flights on Monday. The 24-hour walkout, which started at midnight on Sunday, involves public-sector employees at the airports as well as ground …
your ad hereTrump to keep tariffs to pressure Mexico, Canada, China on fentanyl, aides say
U.S. President Donald Trump is keeping new tariffs in place on Mexico, Canada and China to pressure them to block the flow of the deadly opioid fentanyl into the United States, top White House economic officials said Sunday. “If fentanyl ends, I think these [tariffs] will come off,” Commerce Secretary …
your ad hereIndia says it is working to cut tariffs as it eyes US trade deal
NEW DELHI — India said Friday it is working to lower trade barriers with the United States as it tries to reach a bilateral trade deal with Washington this year. The two countries said after a February White House meeting between U.S. President Donald Trump and Indian Prime Minister Narendra Modi …
your ad hereUS lawmaker backs tariffs, calls for changing China’s trade status
WASHINGTON — Calls to revoke China’s Permanent Normal Trade Relations (PNTR) status have grown louder in recent months. In a memo released on the first day of his second term, President Donald Trump asked his Cabinet members to “assess legislative proposals regarding PNTR.” Three days later, Republican Representative John Moolenaar, the …
your ad hereTrump hosts crypto industry leaders at White House
US President Donald Trump convened cryptocurrency leaders at the White House to talk about digital assets and his goal to build a strategic reserve of bitcoin. Michelle Quinn reports. Camera: Michelle Quinn …
your ad hereTrump tells crypto leaders he’s committed to helping their industry
President Donald Trump said Friday that he was committed to making the U.S. a world leader in cryptocurrencies as industry leaders heaped praise on him for reversing what they said had been unfair attacks on digital assets by the previous administration. “I thought it was very important that we stay …
your ad hereUS employers add 151,000 jobs; unemployment up to 4.1%
WASHINGTON — U.S. employers added a solid 151,000 jobs last month, but the outlook is cloudy as President Donald Trump threatens a trade war, trims the federal workforce and promises to deport millions of immigrants. The Labor Department reported Friday that hiring was up from a revised 125,000 in January. Economists …
your ad hereChina vows retaliation after Trump raises tariffs
Beijing’s next moves may be cautious, though, analysts say …
your ad hereChina criticizes Trump tariffs, threatens possible retaliation
TAIPEI, TAIWAN — Chinese Foreign Minister Wang Yi on Friday criticized the United States for imposing tariffs on Chinese imports and vowed to “resolutely retaliate” if Washington continues to increase pressure on Beijing. Speaking to local and foreign media outlets during the annual meeting of China’s parliament on Friday, Wang questioned …
your ad hereTrump signs executive order to establish government bitcoin reserve
President Donald Trump signed an executive order Thursday establishing a government reserve of bitcoin, a key marker in the cryptocurrency’s journey toward possible mainstream acceptance. Under Trump’s new order, the U.S. government will retain the estimated 200,000 bitcoin it’s already seized in criminal and civil proceedings, according to Trump’s “crypto …
your ad hereUS, Canadian leaders discuss trade amid new US tariffs
Top diplomats from the United States and Canada held talks Wednesday that included discussion of trade, while U.S. President Donald Trump delayed a new 25% tariff on vehicle imports from Canada and Mexico for a month. The U.S. State Department said Secretary of State Marco Rubio and Canadian Foreign Minister …
your ad hereChina has ample policy room to deal with economic risks, finance minister says
BEIJING — China’s finance minister on Thursday left the door open to more stimulus measures on top of those announced at the annual parliament meeting this week, in the event the tariff-hit economy veers off its track towards its roughly 5% growth target. Lan Foan, speaking to the media alongside other …
your ad hereTrump to impose new 25% tariffs on Mexico, Canada
WASHINGTON — President Donald Trump said Monday he is imposing new 25% tariffs at midnight on exports from America’s two biggest trading partners, Mexico and Canada, ignoring evidence that the neighboring countries curtailed illegal migration and the flow of illicit drugs into the U.S. as he had demanded. “The tariffs, you …
your ad hereNew US tariffs on Canada, Mexico could be eased, commerce chief says
U.S. President Donald Trump is planning to impose new tariffs Tuesday on Canadian and Mexican exports to the United States, but Commerce Secretary Howard Lutnick said Sunday they may not be as high as the 25% figure Trump was planning. “That is a fluid situation,” Lutnick told the Fox News …
your ad hereChinese companies expand overseas as domestic economy stalls
WASHINGTON — On a recent cold day in February, Virginia resident Raymond Fong sat outside the Tysons Corner mall for nearly two hours on a stool he brought from home to wait in line for a taste of milk tea from a new China-based beverage business. China’s popular fruit and milk …
your ad hereIndia, EU, pledge to push free trade agreement, elevate strategic ties
New Delhi — India and the European Union agreed to wrap up a free trade deal by the end of this year, the two sides announced Friday following talks in the Indian capital between Prime Minister Narendra Modi and European Commission President Ursula Von der Leyen. While negotiations between India and …
your ad hereAs tariffs expand, focus also on workarounds for Chinese goods
WASHINGTON — As U.S. President Donald Trump moves forward with an expanding net of tariffs, including an additional 10% for Chinese imports starting next week, industry insiders and experts say closing existing loopholes and workarounds that companies use to avoid trade taxes is also key. One practice that so far has …
your ad hereEU will ask India to cut tariffs on cars, wine to boost ties, reduce reliance on China
NEW DELHI — The European Union plans to urge India to lower its high tariffs on cars and wine to boost trade, as it seeks to reduce its reliance on China, a senior official from the bloc said, ahead of a visit by the European Commission president to New Delhi. Echoing …
your ad hereUS consumer confidence drops sharply, survey shows
U.S. consumer confidence plunged in February in its biggest monthly decline in more than four years, a business research group said Tuesday. The Conference Board said its consumer confidence index dropped from 105.3 in January to 98.3 this month, the largest month-to-month decline since August 2021. With U.S. consumer spending …
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