Joyce Huang contributed to this report. China says Washington bears the “sole and entire responsibility” for the breakdown in trade talks earlier this month and that Beijing won’t back down on matters of principle. In a defiant rebuttal of who is to blame, China released a white paper Sunday, arguing …
your ad hereMomentum Toward Trade Deal Hits Trump Turbulence
The Trump administration had taken steps in recent weeks to work with Democratic and Republican lawmakers to address concerns about the proposed United States-Mexico-Canada trade agreement — and then came the threat of a new tariff. President Donald Trump said this past week that he would put a 5% tariff …
your ad hereMexico’s President Hints Migration Controls Could Be Tightened
VOA News Center associate producer Jesusemen Oni contributed reporting from Washington. Mexico’s president suggested Saturday that his country could clamp down on migration, and he said he thought the United States was ready to discuss its threatened use of tariffs as a means to combat illegal migration from Central America. President Andres Manuel Lopez …
your ad hereTrump: China Maybe Regrets Backtracking on Trade Provisions
President Donald Trump said Thursday he still believes China “would love to make” a new trade deal with the United States and might now regret backtracking on some agreements negotiators for the two countries had reached. “We had a deal and they broke the deal,” Trump said at the White …
your ad hereFox Host, Chinese State TV Anchor Face Off Over Trade War
A Chinese state TV anchor and a host from Fox Business, whose sparring over the U.S.-China trade war has been avidly followed on Chinese social media, brought their duel to the American cable network for what turned out to be a respectful encounter. The showdown between Liu Xin of China’s …
your ad hereDrought Forces Water Bans in Sydney
Water restrictions are to be imposed in Sydney, Australia’s biggest city, for the first time in almost a decade because of falling reservoir levels and a long-standing drought. Residents who breach the regulations could be fined US$150. The flow of rainwater into some of Sydney’s reservoirs is at its lowest …
your ad herePro-China Policies Unlikely in Australia, India After Recent Elections
In recent weeks, Australia and India have re-elected incumbent prime ministers. These Asia-Pacific countries, who have a difficult relationship with China, are unlikely to make the kind of policy changes that Beijing has been seeking for a long time, analysts said. Australia this month re-elected Prime Minister Scott Morrison stunning …
your ad hereUS Treasury Says 9 Trade Partners Deserve Scrutiny Over Currency Practices
The Trump administration said on Tuesday that no major trading partner met its currency manipulation criteria but nine countries, including China, required close attention as Washington presses tariffs and negotiations to address trade deficits. The Treasury Department, in a semi-annual report to Congress, said it reviewed the policies of an …
your ad hereDesperate Zimbabweans Risk Lives in Abandoned Mines
Officials in Zimbabwe say the bodies of eight illegal miners have been retrieved from an abandoned gold mine about 50 kilometers north of Harare. The news Monday was a reminder of the risk faced by desperate illegal miners trying to make a living in the economically troubled southern African country. …
your ad hereDesperate Zimbabweans Risk Death in Disused, Unlicensed Mines
Zimbabwe’s disused mines continue to be a death trap for poor and desperate illegal miners in search of the precious minerals to earn a living. Columbus Mavhunga travelled to Matopo a gold rich area about 500 kilometers south of Harare, where mining continues despite some having been trapped earlier this …
your ad hereFiat Chrysler Proposes Merger With Renault
Fiat Chrysler proposed a merger Monday with Renault, a union that would create the world’s third biggest automaker. The merger, if it happens, would vault the new company, with annual sales of 8.7 million vehicles, into a position ahead of General Motors and behind only Volkswagen and Toyota, both of …
your ad hereGhana Just Scratching Surface of Illegal Gold Mining
Only the chirping of birds and insects break the silence at a gold mining site in the Eastern Region of Ghana, right at the foot of the Atewa forest reserve. Caterpillar excavators stand still, as the two Ghanaian companies operating them wait for a new mining permit a process that …
your ad hereTrump ‘Honored’ to Provide US Farmers with $16 Billion in Aid
President Donald Trump says he is “honored” to give U.S. farmers hurt by the trade war with China another $16 billion in aid. Flanked by potato growers, ranchers and dairymen in the White House, Trump said Thursday the aid “will help keep our cherished farms thriving and make clear that …
your ad hereCanada, Europe to Choose When 737 MAX Is Safe as Regulators Meet
In a potential challenge to U.S.-led efforts to build consensus on the Boeing Co 737 MAX flying again, Canada and Europe said on Wednesday they would bring back the grounded aircraft on their own terms if their specific concerns are not addressed. Global regulators will meet in Fort Worth, Texas, …
your ad hereBritain’s May Faces Calls to Resign After Revised Brexit Plan Unveiled
British lawmakers are denouncing Prime Minister Theresa May’s latest proposal to withdraw from the European Union (EU) amid growing demands from her own Conservative Party for her resignation. May said on Tuesday a bill she plans to present to Parliament next month would include a provision to vote on whether …
your ad hereJamie Oliver’s British Restaurant Chain Collapses
Celebrity chef Jamie Oliver’s restaurant chain in Britain has filed for bankruptcy protection, closing 22 of its 25 eateries and leaving some 1,000 people out of work. The remaining outlets, two Jamie’s Italian restaurants and a Jamie’s Diner at Gatwick Airport outside London, will stay open, the financial firm KPMG, …
your ad hereBloomberg: US May Pay $2 Per Bushel for Soybeans to Help Farmers
The Trump administration is considering payments of $2 per bushel for soybeans, 63 cents per bushel for wheat and 4 cents per bushel for corn as part of a package of up to $20 billion to offset U.S. farmers’ losses from the trade war with China, Bloomberg reported on Tuesday. …
your ad herePortugal’s Economy Rebounds, Though Problems Persist
The Portuguese economy is resisting the prevailing gloom in Europe. Activity remained strong, with GDP rising by 0.5% in the first quarter, or 1.8% at an annual rate, compared with 1.2% in the euro zone, forecasts Brussels. Following the trend of 2018, Portugal’s good economic health comes mainly from private consumption …
your ad hereUS Shoe Industry Protests Possible Tariffs on Chinese Imports
More than 170 American shoe manufacturers and retailers, including such well-known athletic shoe brands as Nike, Under Armour and Adidas, urged President Donald Trump on Tuesday to exempt footwear from any further tariffs he imposes on imported goods from China. The lobby for the shoe industry, the Footwear Distributors and …
your ad hereSources: Turkey to Reduce US Import Tariffs This Week
Turkey’s Trade Ministry will implement a reciprocal reduction in tariffs on U.S. imports after the United States halved tariffs on Turkish steel imports last week, two Turkish sources said on Tuesday. The White House last week terminated Turkey’s eligibility for the Generalized System of Preferences (GTS) program, in a move …
your ad hereHuawei Founder Shrugs Off US Blacklisting Order
The founder of Chinese telecom giant Huawei is dismissing the decision by the United States to blacklist the company on the grounds it poses a threat to U.S. national security. In a series of interviews with state-run news outlets Tuesday, Ren Zhengfei said the Trump administration’s actions underestimate his company’s …
your ad hereIndian Exporters Eye Gains Amid Intensifying US China Trade Dispute
As work on establishing a massive garment-manufacturing unit by one of India’s leading apparel exporters enters the final stages, the company is optimistic about keeping the machines humming. Slated to begin production in August, Orient Craft’s new unit in Jharkhand, one of India’s least developed states, will employ about eight …
your ad hereAP Explains: US Sanctions on Huawei Bite, But Who Gets Hurt?
Trump administration sanctions against Huawei have begun to bite even though their dimensions remain unclear. U.S. companies that supply the Chinese tech powerhouse with computer chips saw their stock prices slump Monday, and Huawei faces decimated smartphone sales with the anticipated loss of Google’s popular software and services. The U.S. …
your ad hereTrade War Adds to Woes of European Companies in China
The U.S.-China trade war has not spared European companies in China. More than one-third of them are feeling a direct impact on their businesses and fear the situation will worsen in the coming weeks. “They [European companies] are feeling more anxious than they felt last year, rising tensions such as …
your ad hereFord to Cut 7,000 Jobs, 10% of Global Staff
Ford plans to cut 7,000 jobs, or 10 percent of its global workforce, as part of a reorganization as it revamps its vehicle offerings, the company said Monday. The reorganization will involve some layoffs and reassignments and should be complete by the end of August, a Ford spokeswoman said. Ford …
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