Vietnam and Europe could be swapping more pomelo fruit and Portuguese cheese soon if a new trade deal comes into effect, linking two regions that have been looking for an alternative to the trade tensions brought on by the United States. The European Parliament is scheduled to discuss the trade …
your ad hereChina’s Top Diplomat Calls for US Restraint on Trade, Iran
Senior Chinese diplomat Wang Yi told U.S. Secretary of State Mike Pompeo on Saturday that recent U.S. words and actions had harmed the interests of China and its enterprises, and that Washington should show restraint, China’s Foreign Ministry said. Speaking to Pompeo by telephone, Wang said the United States …
your ad hereHuawei Founder Sees Little Effect From US Sanctions
Huawei Technologies’ founder and chief executive said Saturday that the growth of the Chinese tech giant “may slow, but only slightly,” because of recent U.S. restrictions. In remarks to the Japanese press and reported by Nikkei Asian Review, Ren Zhengfei reiterated that the Chinese telecom equipment maker had not violated any law. “It is …
your ad hereUS Warns Airliners Flying in Persian Gulf Amid Iran Tensions
U.S. diplomats warned Saturday that commercial airliners flying over the wider Persian Gulf faced a risk of being “misidentified” amid heightened tensions between the U.S. and Iran. The warning relayed by U.S. diplomatic posts from the Federal Aviation Administration underlined the risks the current tensions pose to a region crucial …
your ad hereUS Says It May Scale Back Some Huawei Trade Restrictions
The U.S. Commerce Department may soon scale back restrictions on Huawei Technologies after this week’s blacklisting made it nearly impossible for the Chinese company to purchase goods made in the United States, a department spokeswoman said Friday. The Commerce Department may issue a temporary general license to allow time for companies and people who …
your ad hereTrump Lifts Tariffs on Mexico, Canada, Delays Auto Tariffs
Bogged down in a sprawling trade dispute with U.S. rival China, President Donald Trump took steps Friday to ease tensions with America’s allies: lifting import taxes on Canadian and Mexican steel and aluminum and delaying auto tariffs that would have hurt Japan and Europe. By removing the metals tariffs …
your ad hereAfter Huawei Blow, China Says US Must Show Sincerity for Talks
The United States must show sincerity if it is to hold meaningful trade talks, China said on Friday, after U.S. President Donald Trump dramatically raised the stakes with a potentially devastating blow to Chinese tech giant Huawei. China has yet to say whether or how it will retaliate against the …
your ad hereTrade Tensions Seen Tightening Job Market for Chinese Graduates
A record number of 8.34 million university graduates are set to enter the Chinese job market this summer amid escalating trade tensions between Washington and Beijing. Observers say that as China’s export-dependent economy braces for more hits from tariff hikes, which U.S. President Donald Trump recently imposed, the country’s job …
your ad hereConsumers Start to Feel Pinch From US, China Trade Standoff
As the U.S. and China escalate their trade standoff, consumers in both countries are starting to see the impact. VOA’s Mykhailo Komadovsky reports from Washington. …
your ad hereActing FAA Chief Defends Agency’s Safety Certification Process
The acting head of the Federal Aviation Administration defended the way his agency certifies airline safety after two deadly crashes of the now-grounded Boeing 737 Max jet. Daniel Elwell called the system in which FAA-approved employees at plane manufacturers inspect the aircraft they built themselves “a good system.” But skeptical …
your ad hereCosts Mounting in US From Trump’s Tariff Fight With China
The costs seem to be mounting in the U.S. from President Donald Trump’s tit-for-tat trade tariff war with China, both for farmers whose sales of crops to China have been cut and U.S. consumers paying higher prices for imported Chinese products. The government said Wednesday that to date it has …
your ad hereFord: More Lincolns to Be Built for Chinese Market Locally
Ford Motor Co plans to start production of new luxury Lincoln models in China for that market as they are launched, starting with the new Corsair later this year, to benefit from lower costs and avoid the risk of tariffs, a top executive said Monday. “It’s a huge, huge opportunity …
your ad hereTrade War Sowing Seeds of Doubt With US Farmers
The typical routines of life on a family farm carry a heavier burden these days for Pam Johnson. “First thing I do is make a pot of coffee,” she told VOA in an interview in one of the cavernous sheds that contain her green and yellow John Deere farming equipment. …
your ad hereTrade War Sowing Seeds of Doubt in US Farmers
The ongoing trade dispute between the United States and China is having an impact on most farmers across the country. Their corn and soybean crops are subject to tariffs and increasing competition from other suppliers. As VOA’s Kane Farabaugh reports, U.S. farmers aren’t just concerned about their bottom lines this …
your ad hereStocks Rise, Claw Back Chunk of Monday’s Trade-War Plunge
Stocks climbed on Tuesday and clawed back a chunk of their losses from Monday’s rout, the latest whipsaw move as investors weigh just how badly the escalating U.S.-China trade war will hurt the economy. The day’s rally was nearly a mirror image of Monday’s plunge, when the S&P 500 had …
your ad hereUber Drivers Are Contractors, Not Employees, US Labor Agency Says
A U.S. labor agency has concluded that ride-hailing company Uber Technologies Inc’s drivers are independent contractors and not its employees, which could prevent them from joining unions. The National Labor Relations Board’s general counsel, in a memo released on Tuesday, said Uber drivers set their hours, own their cars and …
your ad hereWall Street Rebounds as US-China Trade Rhetoric Cools
Technology stocks led the S&P 500 and the Nasdaq higher on Tuesday, with U.S. stocks reclaiming ground lost to Monday’s steep sell-off as investors took heart from a tonal shift in ongoing U.S. trade negotiations with China. All three major U.S. indexes were in the black, recovering some ground from …
your ad hereTrump Says US Tariffs on Chinese Goods ‘Fill US Coffers’
U.S. President Donald Trump on Monday said U.S. tariffs on China bring billions of dollars into U.S. coffers. He said China’s retaliatory tariffs can have no effect on the U.S. economy. The escalation of the U.S.-China trade war sent stock markets tumbling on Monday, with the Dow Jones Industrial Average …
your ad hereDeepening US-Chinese Trade War Sparks Unease on Capitol Hill
As Washington and Beijing impose ever-higher tariffs, prompting financial markets to falter, U.S. lawmakers are expressing hope for a swift but comprehensive resolution of America’s deepening trade disputes with China. Unease prevailed on Capitol Hill after China retaliated against a new round of American tariffs by hiking duties on U.S.-made …
your ad hereFed Officials See Risks in Weaker Inflation Expectations, Trade Row
A drop in the consumer outlook for inflation and intensifying trade tensions drew caution from Federal Reserve officials on Monday as policymakers faced fresh market volatility and a renewed set of risks. While Fed officials have largely discounted the trade war so far as unlikely to derail the U.S. economic …
your ad hereIs It Time for Vietnam’s Companies to Go Global?
Usually, the U.S. ambassador in Hanoi brings American interests to Vietnam, but next month he plans to take Vietnamese companies to the United States. U.S. Ambassador to Vietnam Daniel J. Kritenbrink and his team have been recruiting companies in the Southeast Asian country for a business delegation to Washington, D.C., …
your ad hereWhite House Economic Adviser Acknowledges US Importers, Not China Will Pay Tariffs
White House economic adviser Larry Kudlow on Sunday acknowledged that U.S. tariffs on Chinese goods will be paid by U.S. importers, contrary to President Donald Trump’s claims that China will pay for the U.S.-imposed levies. VOA’s Zlatica Hoke reports. …
your ad hereUS Expects China Tariff Retaliation
The U.S. said Sunday it expects that China will retaliate with increased tariffs on U.S. exports after President Donald Trump sharply boosted levies on Chinese products headed to the United States. Chief White House economic adviser Larry Kudlow told “Fox News Sunday” that “both sides will suffer” from the escalating …
your ad hereTrump Has Long Seen Previous US Trade Agreements as Losers
President Donald Trump’s combative approach to trade has been one of the constants among his often-shifting political views. And he’s showing no signs of backing off now, even as the stakes intensify with the threat of a full-blown trade war between the world’s two biggest economies. The president went …
your ad hereAP Fact Check: Trump’s Tweets on Trade Battle With China
President Donald Trump let loose with a morning round of tweets Friday that downplayed the possible consequences of his trade war with China. Trump minimized the worth of China’s purchases of U.S. goods and services, which support nearly 1 million jobs in the U.S.; misstated the trade deficit; and …
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