President Donald Trump's threat to impose 10% tariffs on the remaining US$300 billion of Chinese imports from Sept. 1 will hurt consumer purchases, raise prices further and limit hiring, four large retail trade groups warned on Thursday.
President Donald Trump announced on Thursday he will hit China with punitive tariffs on another US$300 billion in goods, escalating the trade war after accusing Beijing of reneging on more promises.
President Donald Trump on Wednesday boosted Brazil's status as a US military ally, easing the path for the Latin American giant to buy more sophisticated weaponry. In a notice sent to the State Department, Trump said, “I hereby designate the Federative Republic of Brazil as a major Non-NATO Ally of the United States,” referring to the powerful North Atlantic Treaty Organization (NATO).
President Donald Trump on Tuesday said he will pursue a U.S. trade agreement with Brazil, suggesting a friendly relationship with President Jair Bolsonaro could help lower trade barriers between the two biggest economies in the Americas.
Venezuela could lose its largest U.S. asset after a court allowed a Canadian gold miner to seize shares of Citgo Petroleum Corp.’s parent to satisfy an arbitration award.
A scheme to create 20,000 jobs in Honduras has been agreed between the country's president and Mexico's leader in an attempt to stem the flow of migrants toward the United States.
The US government will not intervene to weaken the value of the dollar, despite persistent concerns about actions by other countries to influence their currencies, a top White House economic aide said on Friday.
Brazilian foreign minister Ernesto Araujo batted away concerns about Brazil's relations with China, its biggest trade partner, during the BRICS summit hosted by Brazil. Many had feared ties could rupture under newly-elected President Jair Bolsonaro, whose previous criticisms of Beijing and fervent admiration of US President Donald Trump are shared by Araujo.
The US and Guatemala have signed a migration agreement, days after US President Donald Trump threatened the Central American country with tariffs. Under the deal, migrants from Honduras and El Salvador who pass through Guatemala would be required to stop and seek asylum there first. Migrants who failed to do so would then be ineligible for asylum in the US.
The US Justice Department on Thursday reinstated a two-decades long-dormant policy allowing the federal government's use of capital punishment and immediately scheduled the executions for five death row federal inmates.