By Francesco Guarascio HANOI (Reuters) – As the United States intensifies efforts to reduce trade with China by hiking tariffs, it has greatly boosted imports from Vietnam, which relies on Chinese input for much of its exports, data show. The surge in the China-Vietnam-U.S. trade has vastly widened trade imbalances, with the Southeast Asian country […]
By Joe Cash BEIJING (Reuters) – Utility price hikes in more than 10 Chinese cities may briefly lift nationwide inflation from ultra-low levels, but could ultimately turn into a deflationary force in the world’s no. 2 economy as they further erode the households’ spending power, analysts say. Many economists have said boosting household demand is […]
(Reuters) -U.S. President Joe Biden on Tuesday unveiled steep tariff increases on an array of Chinese imports, including electric vehicle (EV) batteries, computer chips and medical products. Following are reactions to the move. ELISSA PIERCE, RESEARCH ASSOCIATE, WOOD MACKENZIE “U.S. solar manufacturers are still relatively dependent on China for other module components, such as glass […]
By Trevor Hunnicutt and Steve Holland WASHINGTON (Reuters) -U.S. President Joe Biden on Tuesday unveiled steep tariff increases on an array of Chinese imports including electric vehicle (EV) batteries, computer chips and medical products, risking an election-year standoff with Beijing as he woos American voters who give his economic policies low marks. “American workers can […]
WASHINGTON — President Joe Biden will announce Tuesday that his administration is raising tariffs on $18 billion of Chinese exports, including electric vehicles, as the White House tries to fight what it says are unfair trade practices by its global competitor. The move by the U.S. escalates what some economists see as a volatile trade […]
WASHINGTON — President Joe Biden will announce Tuesday that his administration is raising tariffs on $18 billion of Chinese exports, including electric vehicles, as the White House tries to fight what it says are unfair trade practices by its global competitor. The move by the U.S. escalates what some economists see as a volatile trade […]
MUZAFFARABAD, Pakistan (AP) — Protesters in the Pakistan-held part of Kashmir called off rallies over price hikes that have left four people dead after authorities agreed to lower prices of electricity and wheat. The local civil rights alliance, the Awami Action Committee, said it had called off a planned march in the city of Muzaffarabad, […]
MUZAFFARABAD, Pakistan (AP) — Protests against price hikes continued for the fourth day in Pakistan-controlled Kashmir with demonstrators clashing with police, officials said Monday, while government talks began with the International Monetary Fund in pursuit of billions of dollars in new support. The violence that has gripped the region since Friday has left at least […]
ISLAMABAD (AP) — A protest against rising costs of food, fuel and utility bills turned violent in Pakistan-controlled Kashmir, leaving a police officer dead and dozens of people injured, officials said Sunday. Traders in some of the cities in Pakistan-controlled Kashmir pulled their shutters down on Saturday while protesters burned tires to express their anger. […]
(Bloomberg) — Vanguard Group Inc.’s Ales Koutny says the market is underestimating just how hawkish the Bank of Japan will need to be this year to boost the beleaguered yen. Most Read from Bloomberg The asset manager’s head of international rates sees the central bank’s benchmark reaching 0.75% by year-end, from a range of 0% […]
May 10—CUMBERLAND — Western Maryland lawmakers cautioned residents Thursday of the potential for a variety of fee and tax increases in coming years as Maryland struggles to solve a fiscal 2025 budget deficit. News of the increases came during a legislative wrap-up forum sponsored by the Allegany County Chamber of Commerce held at the Cumberland […]
(Bloomberg) — Saudi Arabia raised the price of its flagship crude to Asia for a third consecutive month, as the kingdom tries to tighten the oil market to prevent a global surplus. Most Read from Bloomberg State-owned Saudi Aramco raised the June official selling price of Arab Light crude for customers in Asia by 90 […]