Europe’s top monetary official criticized U.S. President Donald Trump’s proposal to put tariffs on steel and aluminum imports as a “dangerous” unilateral move. Mario Draghi, the president of the European Central Bank, said that the “immediate spillover of the trade …
Several Eastern European states have ramped up their opposition to a new gas pipeline linking Russia with Germany. The Nord Stream 2 project will bring Russian gas directly to Western Europe, but critics say it will increase dependence on Russia …
The Trump administration is asking China for a $1 billion reduction in the U.S.-China trade deficit. The request comes amid intense international debate over U.S. President Donald Trump’s proposed tariffs on imported steel and aluminum. VOA’s Jesusemen Oni has more. …
President Donald Trump is presenting a skewed picture of the decline of manufacturing in making his case for import penalties that could spark a trade war. A look at his latest statement on the subject as he prepares to impose …
U.S. President Donald Trump is expected to sign tariffs on steel and aluminum imports as early as Thursday, with some trading partners receiving temporary exemptions. White House officials said Mexico and Canada would get a 30-day exception that could be …
President Donald Trump is selling Hispanic business owners on his new tax cuts. Trump is delivering the keynote address Wednesday at the annual legislative summit of the Latino Coalition. It’s his first time addressing Hispanic business owners. The president says …
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 …
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 …
Trade war fears pushed U.S. and some Asian stock markets lower Wednesday, following the resignation of U.S. President Donald Trump’s top economic adviser. National Economic Council Director Gary Cohn was a leading administration opponent of Trump’s plan to impose 25 …
India’s Tata Steel is concerned about U.S. plans to impose tariffs on steel imports, a senior executive at the group’s European unit said on Wednesday. “We need appropriate measures against a negative influence on the European market,” Henrik Adam, chief …
Interior Secretary Ryan Zinke says his agency should be a partner with oil and gas companies that seek to drill on public land and that long regulatory reviews with an uncertain outcome are “un-American.” Speaking Tuesday to a major energy-industry …
The European Union is cool to the idea of Britain’s “associate membership” in various agencies of the bloc as proposed by London to make Brexit less disruptive for British business. Britain started a process to leave the EU last year …
U.S. President Donald Trump’s net worth fell by $400 million last year, down to an estimated $3.1 billion, causing him to plummet 222 places on Forbes magazine’s annual list of the world’s billionaires, released Tuesday. Trump slipped from 544th richest in 2017 …
Top economic adviser Gary Cohn is leaving the White House after breaking with President Donald Trump on trade policy, the latest in a string of high-level departures from the West Wing. Cohn, the director of the National Economic Council, …
The Trump administration’s proposal to expand offshore drilling off the Pacific Northwest coast is drawing vocal opposition in a region where multimillion-dollar fossil fuel projects have been blocked in recent years. The governors of Washington and Oregon, many in …
If Mexico, the U.S. and Canada don’t renegotiate the North American Free Trade Agreement in two months, Washington might put the talks on the back burner until after a new Mexican president is elected or takes office, U.S. trade representative …
The head of the World Trade Organization told member states on Monday they must prevent “the fall of the first dominoes” in a trade war and warned of a real risk of triggering an escalation of global trade barriers and …
Isabel dos Santos, the former head of Angola’s state-owned Sonangol oil company, is denying her successor’s allegations that she engaged in questionable business dealings related to the firm. In a 13-page typed statement released late Sunday, Dos Santos – Africa’s …
Workers pried President Donald Trump’s name from signs outside his family company’s luxury hotel in Panama on Monday, as Trump’s executives were ousted from their management offices in a business dispute under orders from Panamanian officials. Trump’s security guards also …
U.S. President Donald Trump tweeted Monday that his planned steep tariffs on steel and aluminum imports would only be reversed if a “new and fair” trade deal with Canada and Mexico is reached. The three countries are currently in negotiations …
China’s top economic official set a robust growth target Monday and promised more market opening and cuts in a bloated steel industry that has inflamed trade tensions with Washington and Europe. The growth target of “around 6.5 percent” announced by …
Washington is bracing for the start of a possible trade war between the United States and its closest allies and biggest commercial partners and a radical departure from America’s trading posture of the last seven decades. VOA’s Michael Bowman reports, …
China has added its voice to a growing chorus of concern about the rising threat of a trade war and tariffs that U.S. President Donald Trump is expected to impose on steel and aluminum imports later this week. A …
The EU will soon unveil a plan for taxing major internet companies like Amazon and Facebook by imposing a levy of two to six percent on revenues in every country where they operate, French finance minister Bruno Le Maire said …