The founder of Chinese telecom giant Huawei is dismissing the decision by the United States to blacklist the company on the grounds it poses a threat to U.S. national security. In a series of interviews with state-run news outlets Tuesday, Ren Zhengfei said the Trump administration’s actions underestimate his company’s true capabilities to continue operating … continue reading -> “Huawei Founder Shrugs Off US Blacklisting Order”
The U.S.-China trade war has not spared European companies in China. More than one-third of them are feeling a direct impact on their businesses and fear the situation will worsen in the coming weeks. “They [European companies] are feeling more anxious than they felt last year, rising tensions such as the trade tensions that we … continue reading -> “Trade War Adds to Woes of European Companies in China”
Ford plans to cut 7,000 jobs, or 10 percent of its global workforce, as part of a reorganization as it revamps its vehicle offerings, the company said Monday. The reorganization will involve some layoffs and reassignments and should be complete by the end of August, a Ford spokeswoman said. Ford has been phasing out most … continue reading -> “Ford to Cut 7,000 Jobs, 10% of Global Staff”
Vietnam and Europe could be swapping more pomelo fruit and Portuguese cheese soon if a new trade deal comes into effect, linking two regions that have been looking for an alternative to the trade tensions brought on by the United States. The European Parliament is scheduled to discuss the trade deal on May 28, after … continue reading -> “Vietnam, EU Snub US on Trade”
Huawei Technologies’ founder and chief executive said Saturday that the growth of the Chinese tech giant “may slow, but only slightly,” because of recent U.S. restrictions. In remarks to the Japanese press and reported by Nikkei Asian Review, Ren Zhengfei reiterated that the Chinese telecom equipment maker had not violated any law. “It is expected that Huawei’s growth may … continue reading -> “Huawei Founder Sees Little Effect From US Sanctions”
Senior Chinese diplomat Wang Yi told U.S. Secretary of State Mike Pompeo on Saturday that recent U.S. words and actions had harmed the interests of China and its enterprises, and that Washington should show restraint, China’s Foreign Ministry said. Speaking to Pompeo by telephone, Wang said the United States should not go “too far” … continue reading -> “China’s Top Diplomat Calls for US Restraint on Trade, Iran “
U.S. diplomats warned Saturday that commercial airliners flying over the wider Persian Gulf faced a risk of being “misidentified” amid heightened tensions between the U.S. and Iran. The warning relayed by U.S. diplomatic posts from the Federal Aviation Administration underlined the risks the current tensions pose to a region crucial to global air travel. It … continue reading -> “US Warns Airliners Flying in Persian Gulf Amid Iran Tensions”
The U.S. Commerce Department said Friday it may soon scale back restrictions on Huawei Technologies after this week’s blacklisting would have made it nearly impossible for the Chinese company to service its existing customers. The Commerce Department, which had effectively halted Huawei’s ability to buy American-made parts and components, is considering issuing a temporary general … continue reading -> “US Says It May Scale Back Some Huawei Trade Restrictions”
Bogged down in a sprawling trade dispute with U.S. rival China, President Donald Trump took steps Friday to ease tensions with America’s allies: lifting import taxes on Canadian and Mexican steel and aluminum and delaying auto tariffs that would have hurt Japan and Europe. By removing the metals tariffs on Canada and Mexico, Trump … continue reading -> “Trump Lifts Tariffs on Mexico, Canada, Delays Auto Tariffs “
The United States must show sincerity if it is to hold meaningful trade talks, China said on Friday, after U.S. President Donald Trump dramatically raised the stakes with a potentially devastating blow to Chinese tech giant Huawei. China has yet to say whether or how it will retaliate against the latest escalation in trade tension, … continue reading -> “After Huawei Blow, China Says US Must Show Sincerity for Talks”
A record number of 8.34 million university graduates are set to enter the Chinese job market this summer amid escalating trade tensions between Washington and Beijing. Observers say that as China’s export-dependent economy braces for more hits from tariff hikes, which U.S. President Donald Trump recently imposed, the country’s job markets will be tighter for … continue reading -> “Trade Tensions Seen Tightening Job Market for Chinese Graduates”
Juhyun Lee contributed to this report. SEOUL — As U.S. President Donald Trump intensifies his trade battle with China, one of the hardest-hit countries could be South Korea. Asia’s fourth-largest economy, South Korea is especially vulnerable to the tariff war because of its reliance on foreign trade — in particular, exports to its two biggest … continue reading -> “South Korea Waits Out US-China Trade War”
As the U.S. and China escalate their trade standoff, consumers in both countries are starting to see the impact. VOA’s Mykhailo Komadovsky reports from Washington. …
The acting head of the Federal Aviation Administration defended the way his agency certifies airline safety after two deadly crashes of the now-grounded Boeing 737 Max jet. Daniel Elwell called the system in which FAA-approved employees at plane manufacturers inspect the aircraft they built themselves “a good system.” But skeptical Democrats on the House Transportation … continue reading -> “Acting FAA Chief Defends Agency’s Safety Certification Process “
The costs seem to be mounting in the U.S. from President Donald Trump’s tit-for-tat trade tariff war with China, both for farmers whose sales of crops to China have been cut and U.S. consumers paying higher prices for imported Chinese products. The government said Wednesday that to date it has paid out more than $8.5 … continue reading -> “Costs Mounting in US From Trump’s Tariff Fight With China “
The typical routines of life on a family farm carry a heavier burden these days for Pam Johnson. “First thing I do is make a pot of coffee,” she told VOA in an interview in one of the cavernous sheds that contain her green and yellow John Deere farming equipment. Once she has that coffee, … continue reading -> “Trade War Sowing Seeds of Doubt With US Farmers”
The ongoing trade dispute between the United States and China is having an impact on most farmers across the country. Their corn and soybean crops are subject to tariffs and increasing competition from other suppliers. As VOA’s Kane Farabaugh reports, U.S. farmers aren’t just concerned about their bottom lines this year. They’re also worried about … continue reading -> “Trade War Sowing Seeds of Doubt in US Farmers”
For sale: waterfront property with sweeping views of the Atlantic Ocean. Waves erode beach regularly. Flooding gets worse every year. Saltwater damage to lawn. Asking price: anyone’s guess. Some research suggests rising sea levels and flooding brought by global warming are harming coastal property values. But other climate scientists note shortcomings in the studies, and … continue reading -> “Are Coastal Home Values Feeling Drag of Climate Change?”
With the Trump administration locked in an escalating trade war with China, much of the media focus is on the immediate impact of decisions by leaders on both sides to impose sharp tariffs on goods flowing between the two countries. But while consumers and exporters in both countries will suffer in the near-term, an even … continue reading -> “US, China Trade War Already Reshaping Trade Links”
The future of Bulgaria’s vast number of low-wage truck drivers has become a top campaign issue in the country heading into European Parliament elections, with debates raging on how new EU rules could threaten the workers and deepen divisions between rich and poor nations in the bloc. The European Commission wants to put restrictions on … continue reading -> “Truck Drivers Become Key EU Election Issue in Bulgaria”
Capitol Hill correspondent Michael Bowman and reporter Ira Mellman contributed to this report U.S. President Donald Trump has denied that the trade talks with China have collapsed and characterized the trade tension between the world’s two largest economies as “a little squabble.” “We have a dialogue going it will always continue,” Trump said in response … continue reading -> “Trump Denies Trade Talks with China Have Collapsed”
As Washington and Beijing impose ever-higher tariffs, prompting financial markets to falter, U.S. lawmakers are expressing hope for a swift but comprehensive resolution of America’s deepening trade disputes with China. Unease prevailed on Capitol Hill after China retaliated against a new round of American tariffs by hiking duties on U.S.-made goods. Even so, senators of … continue reading -> “Deepening US-Chinese Trade War Sparks Unease on Capitol Hill”
A drop in the consumer outlook for inflation and intensifying trade tensions drew caution from Federal Reserve officials on Monday as policymakers faced fresh market volatility and a renewed set of risks. While Fed officials have largely discounted the trade war so far as unlikely to derail the U.S. economic expansion, officials emphasized Monday that … continue reading -> “Fed Officials See Risks in Weaker Inflation Expectations, Trade Row”
The Dow Jones Industrial Average plunged more than 500 points Monday as investors sought shelter from an escalating trade war between the U.S. and China. The Dow and S&P 500 index each fell more than 2% as investors sold trade-sensitive shares in a broad sell-off that extended the market’s slide into a second week. Technology … continue reading -> “Escalating US-China Trade War Sends Stocks Plunging”
Usually, the U.S. ambassador in Hanoi brings American interests to Vietnam, but next month he plans to take Vietnamese companies to the United States. U.S. Ambassador to Vietnam Daniel J. Kritenbrink and his team have been recruiting companies in the Southeast Asian country for a business delegation to Washington, D.C., which sparks a broader question: … continue reading -> “Is It Time for Vietnam’s Companies to Go Global?”