Donald Trump has said he will raise tariffs on US$ 200bn of Chinese goods because talks on a US-China trade deal are moving “too slowly”. The US president tweeted that tariffs of 10% on certain goods would rise to 25% on Friday, and US$ 325bn of untaxed goods could face 25% duties “shortly”.
Boeing Co did not tell US regulators for more than a year that it inadvertently made an alarm alerting pilots to a mismatch of flight data optional on the 737 Max, instead of standard as on earlier 737s, but insisted on Sunday the missing display represented no safety risk.
China is considering cancelling a planned Washington trip this week by the country's top trade negotiator, the Wall Street Journal reported on Sunday. Beijing was surprised by US President Donald Trump's threat to levy new tariffs on trade with the country, the Journal reported, citing a person it didn't identify. The country doesn't want to negotiate under threat, the newspaper said.
Top diplomats from the United States, Russia and other nations which border the Arctic meet in Finland on Monday to discuss policies governing the polar region, as tensions grow over how to deal with global warming and access to mineral wealth.
US President Donald Trump and his Russian counterpart Vladimir Putin on Friday discussed the crisis in oil-rich Venezuela, where Washington has thrown its weight behind a campaign to oust the Moscow-backed socialist president.
Brazil's President Jair Bolsonaro has cancelled a planned trip to the United States after protests from gay rights and environmental campaigners. Mr Bolsonaro was due to attend a ceremony in his honor in New York later in May organized by the Brazilian-American Chamber of Commerce.
US Secretary of State Mike Pompeo will hold talks with his Russian counterpart Sergey Lavrov on the sidelines of the Arctic Council meeting, which begins Monday in the city of Rovaniemi. The tension in Venezuela will mark the meeting where
The US Defense Department expects China to add military bases around the world to protect its investments in its ambitious One Belt One Road global infrastructure program, according to an official report released on Thursday.
Ford Motor Co said it had reached an agreement with the workers’ union at a historic Brazil plant it plans to shutter by the end of the year, paving the way for a friendly shutdown or potential takeover by a local buyer.
Chevron Corp completed a US$ 350 million purchase of a refinery in the Houston suburb of Pasadena, Texas, from Brazil’s Petrobras, Chevron said in a statement. The sale was agreed to in January, but Chevron put the transfer of the 112,229-barrel-per-day plant’s ownership on hold on April 2, telling Petrobras it had to prove the refinery would operate as promised.