US Lawmakers Blast Trump on Tariffs

U.S. senators Thursday continued a bipartisan rebuke of President Donald Trump’s punitive trade strategy, one day after an overwhelming vote asserting a congressional role in the imposition of tariffs for national security reasons. VOA’s Michael Bowman reports from Capitol Hill, where anti-tariff sentiment is strong but not universal. …

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US Inflation Steadily Firming; Labor Market Strong

U.S. consumer prices barely rose in June, but the underlying trend continued to point to a steady buildup of inflation pressures that could keep the Federal Reserve on a path of gradual interest rate increases. Other data on Thursday showed first-time applications for unemployment benefits dropped to a two-month low …

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China Jolted by US Tariffs on Chinese Imports

China expressed shock Wednesday at the Trump administration’s decision to prepare 10-percent tariffs on another $200 billion of Chinese imports covering thousands of products, the latest move in an escalating trade war between the world’s two largest economies. China’s commerce ministry called the decision totally unacceptable and vowed to respond. …

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Tesla Goes Big in China With Shanghai Plant

Tesla Inc Chief Executive Officer Elon Musk on Tuesday landed a deal with Chinese authorities to build a new auto plant in Shanghai, its first factory outside the United States, that would double the size of the electric car maker’s global manufacturing. The deal was announced as Tesla raised prices …

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BMW to Make Electric MINIs in China

BMW Group and the biggest Chinese SUV brand, Great Wall Motor, announced a partnership Tuesday to produce electric MINI vehicles in China as global automakers ramp up development under pressure from Beijing. The companies said they signed an agreement Monday during an event in Berlin attended by Chinese Premier Li …

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