United States president Donald Trump escalated his trade war with Beijing, imposing 10% tariffs on about US$ 200 billion worth of imports in a move one senior Chinese regulator said “poisoned” the atmosphere for negotiations.
United States President Donald Trump has instructed staff to move forward with the next round of tariffs on Chinese goods, US media have reported. The tariffs are expected to apply to about US$ 200bn worth of imports from China, including electronic parts and consumer goods such as handbags.
The U.S. Energy Information Administration (EIA) said that the U.S. likely surpassed Saudi Arabia and Russia earlier this year to become the world’s top crude oil producer. The EIA based its disclosure on preliminary estimates in its Short Term Energy Outlook which is released every month.
The State Department announced last week that it would temporarily recall U.S. ambassadors to the Dominican Republic, El Salvador and Panama for consultations in Washington. The meetings will focus on recent decisions by Latin American countries to no longer recognize Taiwan and ways the U.S. can support strong. independent, democratic institutions and economies throughout Central America and the Caribbean
Stocks in Europe reversed earlier gains by Thursday's close to finish lower, as investors digested fresh news out of the central banking sphere. The pan-European STOXX 600 closed down 0.15%, with the majority of sectors falling into negative territory. The U.K.'s FTSE 100 slipped 0.43% by the close, while France's CAC 40 ended a touch lower, off 0.08%, and Germany's DAX rose 0.19%.
Amazon founder and chief executive Jeff Bezos has said he is giving US$2 billion to start a fund that will open pre-schools in low-income neighborhoods and give money to non-profit groups which help homeless families.
The president of Chile, Sebastián Piñera, has said that at the time of the overthrow of the Salvador Allende government in 1973, Chilean democracy was sick and that the crisis of the country was unsustainable.
Under fire over his handling of Russian election meddling, US President Donald Trump has signed an executive order to strengthen election security by imposing sanctions on foreign countries or people who try to interfere in the US political process. The order, coming only eight weeks before congressional elections on November 6, drew immediate criticism from both Republican and Democratic lawmakers as too little, too late.
Hurricane Florence, one of the strongest storms to threaten the East Coast of the United States in decades, continued to swirl in the Atlantic on Wednesday night on a path that is taking it dangerously closer to the Carolinas. Meanwhile, another storm system in the Atlantic gained strength on Wednesday and was named subtropical Storm Joyce.
United States voters love the performance of the economy, but it has failed to translate into higher approval for President Donald Trump, according to one new poll. The disconnect is perhaps the biggest challenge facing Republicans as they battle to keep control of Congress in November's midterm elections.