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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Students Learn Real Skills, Earn Simulated Profits

Young people around the United States are creating virtual businesses that produce simulated products, which are marketed and sold for virtual money. Thirteen hundred students recently showcased their ventures, ranging from telecom firms to gourmet food providers, in Pasadena, California. At what looked like a corporate trade show, students from …

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IMF, European Leaders Rebuke Trump on Planned Tariffs

The International Monetary Fund and European leaders pushed back Wednesday against U.S. President Donald Trump’s plan to impose steep tariffs on steel and aluminum imports, saying it would provoke a calamitous global trade war. IMF chief Christine Lagarde told a European radio interviewer, “If international trade is called into question …

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Kenya Is Slowly Running Out of Coffee Farmers

Kenyan coffee has an international reputation for good quality. But Kenya’s coffee industry is struggling as production levels have dropped and a younger generation shows little interest in farming. Since the 1980s, coffee production has dropped by two-thirds. “The German school in Nairobi, when I was there in 1980, ’82, …

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Australia’s Central Bank Chief Slams US Tariffs

The head of Australia’s central bank is upbeat about domestic economic growth despite a disappointing end to last year, but fears the specter of a trade war calling threatened U.S. tariffs “highly regrettable.” President Donald Trump intends to slap duties on imports of steel and aluminum, a pledge that has …

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