Canada’s retaliatory tariffs on U.S. goods take effect Sunday following the Trump administration’s new tariffs on Canadian steel and aluminum. Canadian Prime Minister Justin Trudeau’s office said in a statement that the prime minister “had no choice but to announce …
Iran is studying ways to keep exporting oil and other measures to counter U.S. economic sanctions, state news agency IRNA reported Saturday. Since last month, when U.S. President Donald Trump pulled out of the nuclear deal that lifted most sanctions in 2015, the rial …
U.S. President Donald Trump said in a tweet on Saturday that Saudi Arabia’s King Salman had agreed to his request to increase oil production “maybe up to 2,000,000 barrels” to offset production from Iran and Venezuela. There was no immediate …
President Donald Trump said Saturday that he had received assurances from King Salman of Saudi Arabia that the kingdom will increase oil production, “maybe up to 2,000,000 barrels” in response to turmoil in Iran and Venezuela. Saudi Arabia acknowledged the …
Editor’s note: A look at the veracity of claims by political figures President Donald Trump has elevated his tax cuts to an act of biblical proportions, misleadingly claiming at a White House speech Friday that they triggered an “economic miracle.” …
General Motors Co warned on Friday that higher tariffs on imported vehicles under consideration by the Trump administration could cost jobs and lead to a “a smaller GM” while isolating U.S. businesses from the global market. The administration in May …
Just days before the Trump administration’s tariffs on Chinese steel and aluminum imports are set to go into effect, trade analysts are watching for ripple effects across the automotive, manufacturing and technology sectors. VOA’s Elizabeth Cherneff has more from Washington. …
U.S. President Donald Trump said he expects a second tax overhaul to be unveiled in October or a bit earlier, and he is considering cutting the corporate tax rate to 20 percent from 21 percent. In an excerpt of a …
Canada struck back at U.S. steel and aluminum tariffs on Friday, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) of American goods and unveiling a C$2 billion aid package for affected industries and workers. Foreign Minister Chrystia Freeland …
U.S consumers increased their spending just 0.2 percent in May, a disappointing result after two months of much stronger gains. The weaker reading could raise questions about the extent of economic growth overall in the current April-June quarter. The Commerce …
After a sharp sell-off, China’s yuan and stock markets attempted a modest recovery Friday, yet investors were grappling with some of their worst losses in years as a bitter Sino-U.S. trade row threatened to ruffle the world’s second-biggest economy. The …
Minnesota regulators on Thursday approved Enbridge Energy’s proposal to replace its aging Line 3 oil pipeline across the northern part of the state. All five members of the Public Utilities Commission backed the project, though some cited heavy trepidation, and …
A U.S. delegation traveled to Kenya on Thursday to attend the inaugural economic summit of the American Chamber of Commerce, Kenya. About 500 delegates, including Kenyan President Uhuru Kenyatta and Gilbert Kaplan, U.S. undersecretary of commerce for international trade, other high-ranking …
Importers of Iranian oil are facing pressure from the United States to find another energy source or be hit with sanctions. The Trump administration is threatening other countries, including close allies such as South Korea, with the sanctions if they …
President Donald Trump was highlighting his economic policies Thursday by taking part in the ceremonial ground-breaking for a $10 billion Foxconn factory complex that may bring thousands of jobs to a state he barely carried in the 2016 presidential election. …
China defended its trade practices Thursday as being beneficial to the world as it tries to ease pressure from the United States and Europe to abandon what they consider to be Beijing’s protectionist policies. China’s rapid economic growth “has brought …
Jared Kushner’s family company is suing a New Jersey city, alleging it forced the delay of a major twin-tower project due to “political animus” toward President Donald Trump. The federal lawsuit filed Wednesday by the Kushner Cos. claims Jersey City …
Enslaved on a Thai fishing vessel for 11 years, Tun Lin saw his fellow workers lose their minds one after another, with one fisherman jumping into the sea to end his life. Some would start murmuring or laughing to themselves …
U.S. stocks rose on Tuesday as gains in technology, consumer discretionary stocks and General Electric helped Wall Street recover from a sharp sell-off a day earlier on spiraling global trade tensions. GE rose 8.2 percent, on track for its biggest …
U.S. President Donald Trump said on Tuesday the government was completing a study about increasing import tariffs on cars from the European Union and suggested he would take action soon. “We are finishing our study of Tariffs on cars from …
After beer, the summer barbecue may now be under threat in northern Europe. A shortage of carbon dioxide that has already drawn warnings from beer makers about potential production problems is also hitting food processing companies. Scotland’s biggest pork producer …
President Donald Trump on Tuesday accused motorcycle maker Harley-Davidson of quitting on the United States by moving more of its manufacturing overseas to avoid hefty new European Union tariffs on its bikes made in the U.S. In a string of …
As Washington and Beijing teeter on the brink of a possible trade war, the European Union and China have agreed to launch a working group to promote reform at the World Trade Organization. The move is part of an effort …
U.S. and European markets fell Monday as speculation over trade wars deepened worries across the globe. U.S. stocks fell more than 1 percent at the end of the day, while European markets were down even more. Losses were widespread but …