Politics aside, U.S. relies on China supplies to fight coronavirus
U.S. politicians have voiced fury over Beijing's handling of the coronavirus crisis but they face a harsh truth — the United States desperately needs China's supplies. China before the crisis produced nearly half of the face masks imported into the United States — which in ...
Washington state acts to drop Boeing tax break to head off EU tariffs
Washington state lawmakers moved on Wednesday to remove a key tax break for Boeing Co. and other aerospace firms in a bid to head off possible European tariffs on U.S. goods and ease a transatlantic trade dispute over aircraft subsidies. The United States last week ...
Despite trade wars and tariffs, Trump insists U.S. is 'open for business'
President Donald Trump said Tuesday that he wants to avoid policies that make it difficult for other countries to do business with the United States — even as his administration has done precisely the opposite. Trump has imposed tariffs on billions of dollars in goods ...
'The West is winning': Misgivings in Europe as U.S. takes on China
U.S. Secretary of State Mike Pompeo defended on Saturday his nation's global role despite misgivings in Europe, vowing that Western values would prevail over Russian and Chinese desires for "empire." Seeking to reassure Europeans troubled by U.S. President Donald Trump's "America first" rhetoric, his ambivalence ...
China to halve tariffs on U.S. imports worth $75 billion from Feb. 14
China will halve tariffs on some $75 billion (¥8.24 trillion) of imports from the U.S. later this month, reciprocating a U.S. action and likely satisfying part of their interim trade deal. The cut will be effective from 1:01 p.m. on Feb. 14, China Standard Time, ...
U.S. trade deficit narrowed in 2019 for first time in six years
The U.S. trade deficit fell for the first time in six years in 2019 as the White House's trade war with China curbed the import bill, keeping the economy on a moderate growth path despite a slowdown in consumer spending and weak business investment. The ...
Major Japanese firms expected to see 9.6% profit fall in 2019 fiscal year
Top firms, excluding those in the finance and utility sectors, are expected to log a 9.6 percent fall in net 2019 profit, affected by the U.S.-China trade conflict and the coronavirus.
U.S. factory activity unexpectedly rebounded in January after contracting for five straight months amid a surge in new orders, offering hope that a prolonged slump in business investment has probably bottomed out. A rebound in business investment is critical to keeping the longest economic expansion ...
Japan's top business lobby calls for review of uniform base pay hikes
Keidanren called for a review of the practice that sees labor unions demand a uniform pay hike, saying the performances of individual firms and employees should be reflected.
Davos sees Trump's China love as short-term affair
Donald Trump tried hard to convince the world's elite this week that he and Chinese President Xi Jinping have left their trade war behind them and they've moved on to a brighter future. But many participants at the World Economic Forum in Davos, Switzerland, aren't ...
The International Monetary Fund is forecasting that Japan's economy will grow 0.7 percent this year, up 0.2 percentage point from its earlier estimate due to stimulus measures to mitigate the impact of the Oct. 1 consumption tax hike. The Washington-based institution also said global growth ...
U.S.-Iran tensions may hit China's economy
China's economy, which this past week reported its lowest annual economic growth in nearly 30 years amid a prolonged trade dispute with the United States, is faced with a new troubling source of U.S.-related instability: rising tensions in the Middle East. The U.S. airstrike that ...
