Economic policy

FILE - In this May 17, 2019, file photo, U.S. President Donald Trump arrives to speak at the National Association of REALTORS Legislative Meetings and Trade Expo, in Washington. While in Japan, Trump can point to Tokyo’s streets to drive home a sore point in trade relations between the allies: the absence of made-in-USA vehicles. (AP Photo/Alex Brandon, File)
May 24, 2019 - 7:10 pm
TOKYO (AP) — While in Japan, President Donald Trump can point to Tokyo's streets to drive home a sore point in trade relations between the allies: the absence of made-in-USA vehicles. The $70 billion Japanese trade surplus with the U.S. is dwarfed by China's $379 billion surplus, and the trade...
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A man looks at his smartphone as he walks past an electronics shop advertising phones from Huawei and Apple in Beijing, Friday, May 24, 2019. Stepping up a propaganda offensive against Washington, China's state media on Friday accused the U.S. of seeking to "colonize global business" by targeting telecom equipment giant Huawei and other Chinese companies. (AP Photo/Mark Schiefelbein)
May 24, 2019 - 7:15 am
BEIJING (AP) — Stepping up Beijing's propaganda offensive in the tariffs standoff with Washington, Chinese state media on Friday accused the U.S. of seeking to "colonize global business" with moves against Huawei and other Chinese technology companies. There was no word from either side on progress...
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Agriculture Secretary Sonny Perdue laughs with a reporter on the North Lawn of the White House in Washington, Thursday, May 23, 2019.(AP Photo/Andrew Harnik)
May 23, 2019 - 12:16 pm
WASHINGTON (AP) — President Donald Trump is delivering another $16 billion in aid to farmers hurt by his trade policies, an effort to relieve economic pain among his supporters in rural America and another sign that the U.S.-China trade war likely won't end anytime soon. U.S. Agriculture Secretary...
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FILE - In this May 9, 2019, file photo trader Ryan Falvey works on the floor of the New York Stock Exchange. Banks and retailers pushed the market broadly lower in morning trading on Wall Street Wednesday, May 22. (AP Photo/Richard Drew, File)
May 23, 2019 - 2:45 am
SINGAPORE (AP) — World markets were broadly lower on Thursday as traders focused on tensions between the U.S. and China and braced for the impact of their tariff hikes. Polls for the European Parliament opened in the Netherlands and the U.K., with 26 other members of the European Union to follow...
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In this May 14, 2019, photo, a man walks past an electric board displaying stock prices at a brokerage house in Beijing. Asian markets were broadly lower on Thursday, May 23, 2019 as traders focused on tensions between the U.S. and China and braced for impact. (AP Photo/Andy Wong)
May 22, 2019 - 8:35 pm
SINGAPORE (AP) — Asian markets were broadly lower on Thursday as traders focused on tensions between the U.S. and China and braced for the impact of their tariff hikes. The Shanghai Composite index retreated 0.6% to 2,873.70 and Hong Kong's Hang Seng tumbled 1.2% to 27,376.69. The Kospi in South...
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FILE - In this May 1, 2019 file photo, Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee, in Washington. Federal Reserve officials at their recent meeting believed the central bank could remain “patient” in deciding when to adjust interest rates, though some officials thought future rate hikes might still be needed. In minutes of the April 30-May 1 discussions, Fed officials note that prospects for the U.S. and global economy had been improving, while inflation had fallen farther below the Fed’s 2% target. (AP Photo/Patrick Semansky, File)
May 22, 2019 - 11:22 am
WASHINGTON (AP) — Federal Reserve officials at their recent meeting believed the central bank could remain "patient" in deciding when to adjust interest rates, though some officials thought future rate hikes might still be needed. In minutes of the April 30-May 1 discussions released Wednesday, Fed...
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FILE - This Oct. 20, 2015 file photo shows the Scunthorpe steel plant, now owned by British Steel, in Scunthorpe, England. Britain’s government pledged Tuesday May 21, 2019 to do its utmost to support British Steel amid reports the company is facing bankruptcy. (Anna Gowthorpe/PA via AP, File)
May 22, 2019 - 5:41 am
LONDON (AP) — British Steel has been ordered into liquidation as it struggles with industry-wide troubles and Brexit, threatening 5,000 workers and another 20,000 jobs in the supply chain. The company had asked for a package of support to tackle issues related to Britain's pending departure from...
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In this photo taken Wednesday, May 15, 2019, customer Torre Treece, left, talks with Rad Power Bikes sales associate Becs Richards about the two electric bikes he bought at the shop in Seattle. The bicycle company said that they will absorb 100% of any tariff on their Chinese-made bicycles. (AP Photo/Elaine Thompson)
May 20, 2019 - 3:13 pm
SEATTLE (AP) — Workers at a $1.7 billion polysilicon plant in central Washington believe President Donald Trump's trade war with China may be their best chance for staying employed. Unable to compete with Chinese factories aided by government subsidies and high tariffs, REC Silicon is shutting down...
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FILE - In this June 20, 2018 file photo, Catoctin Creek Distillery whiskey is on display in a tasting room in Purcellville, Va. American whiskey producers feeling the pain from the Trump administration’s trade disputes have gotten a shot of relief with an agreement announced Friday, May 24, 2019 that will end retaliatory tariffs that Canada and Mexico slapped on whiskey and other U.S. products. (AP Photo/Steve Helber, File)
May 20, 2019 - 8:03 am
LOUISVILLE, Ky. (AP) — American whiskey producers feeling the pain from the Trump administration's trade disputes have gotten a shot of relief with an agreement that will end retaliatory tariffs that Canada and Mexico slapped on whiskey and other U.S. products. The whiskey industry hailed the...
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Cars for export and import are stored in front of containers on Thursday, May 16, 2019 at the harbor in Bremerhaven, Germany, with 2 million vehicles per annum one of the largest automobile hubs in the world. US President Donald Trump is delaying any decision to impose tariffs on car and auto-part imports for now. (AP Photo/Martin Meissner)
May 20, 2019 - 5:38 am
BRUSSELS (AP) — The European Union is rejecting claims that Europe's car exports pose a threat to the United States after U.S. Commerce Secretary Wilbur Ross ruled that imported vehicles and parts imperil national security. European Commission spokesman Margaritis Schinas said Monday that "the EU...
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