Economic policy

FILE - In this Saturday, April 27, 2019, file photo, Chinese President Xi Jinping waves as he leaves after a news conference on the outskirts of Beijing. Fuming over Washington’s latest tariff hike in an escalating trade battle, Beijing has an array of options for retaliating, from limiting exports of rare earths to disrupting operations of Apple and other American companies in China. But they carry economic and political costs. And there is no guarantee they will work. (AP Photo/Mark Schiefelbein, File)
May 23, 2019 - 6:55 am
BEIJING (AP) — China held the door open to resuming talks in the tariff war with Washington on Thursday, but lashed out at limits on access to key technologies that it said might hurt global supply chains. Foreign Ministry spokesman Lu Kang said China hopes to restart the talks that broke down...
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In this May 14, 2019, photo, a man walks past an electric board displaying stock prices at a brokerage house in Beijing. Asian markets were broadly lower on Thursday, May 23, 2019 as traders focused on tensions between the U.S. and China and braced for impact. (AP Photo/Andy Wong)
May 23, 2019 - 1:44 am
SINGAPORE (AP) — Asian markets were broadly lower on Thursday as traders focused on tensions between the U.S. and China and braced for the impact of their tariff hikes. The Shanghai Composite index retreated 1.2% to 2,858.21 and Hong Kong's Hang Seng tumbled 1.6% to 27,264.42. The Kospi in South...
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In this May 14, 2019, photo, a man walks past an electric board displaying stock prices at a brokerage house in Beijing. Asian markets were broadly lower on Thursday, May 23, 2019 as traders focused on tensions between the U.S. and China and braced for impact. (AP Photo/Andy Wong)
May 22, 2019 - 10:35 pm
SINGAPORE (AP) — Asian markets were broadly lower on Thursday as traders focused on tensions between the U.S. and China and braced for the impact of their tariff hikes. The Shanghai Composite index retreated 0.6% to 2,873.70 and Hong Kong's Hang Seng tumbled 1.2% to 27,376.69. The Kospi in South...
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FILE - In this May 1, 2019 file photo, Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee, in Washington. Federal Reserve officials at their recent meeting believed the central bank could remain “patient” in deciding when to adjust interest rates, though some officials thought future rate hikes might still be needed. In minutes of the April 30-May 1 discussions, Fed officials note that prospects for the U.S. and global economy had been improving, while inflation had fallen farther below the Fed’s 2% target. (AP Photo/Patrick Semansky, File)
May 22, 2019 - 1:22 pm
WASHINGTON (AP) — Federal Reserve officials at their recent meeting believed the central bank could remain "patient" in deciding when to adjust interest rates, though some officials thought future rate hikes might still be needed. In minutes of the April 30-May 1 discussions released Wednesday, Fed...
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FILE - In this Saturday, March 30, 2019, file photo, workers assemble LED lights at a factory in Yushan county in central China's Jiangxi province. China is cutting taxes on its fledgling software and integrated circuit industries to spur development in the face of U.S. export controls that threaten to handicap Chinese tech companies. (AP Photo, File)
May 22, 2019 - 5:35 am
BEIJING (AP) — China is cutting taxes on its fledgling software and integrated circuit industries as U.S. export controls threaten to handicap Chinese tech companies. The Finance Ministry's announcement Wednesday comes amid a spiraling tariff war with Washington over Chinese technology ambitions...
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FILE - This Oct. 20, 2015 file photo shows the Scunthorpe steel plant, now owned by British Steel, in Scunthorpe, England. Britain’s government pledged Tuesday May 21, 2019 to do its utmost to support British Steel amid reports the company is facing bankruptcy. (Anna Gowthorpe/PA via AP, File)
May 22, 2019 - 4:49 am
LONDON (AP) — Britain's Insolvency Service says British Steel has been ordered into compulsory liquidation after talks with the government failed to secure a bailout. The move threatens some 5,000 workers employed by the company, with another 20,000 jobs in the supply chain. The official receiver...
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In this photo taken Wednesday, May 15, 2019, customer Torre Treece, left, talks with Rad Power Bikes sales associate Becs Richards about the two electric bikes he bought at the shop in Seattle. The bicycle company said that they will absorb 100% of any tariff on their Chinese-made bicycles. (AP Photo/Elaine Thompson)
May 20, 2019 - 5:13 pm
SEATTLE (AP) — Workers at a $1.7 billion polysilicon plant in central Washington believe President Donald Trump's trade war with China may be their best chance for staying employed. Unable to compete with Chinese factories aided by government subsidies and high tariffs, REC Silicon is shutting down...
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FILE - In this June 20, 2018 file photo, Catoctin Creek Distillery whiskey is on display in a tasting room in Purcellville, Va. American whiskey producers feeling the pain from the Trump administration’s trade disputes have gotten a shot of relief with an agreement announced Friday, May 24, 2019 that will end retaliatory tariffs that Canada and Mexico slapped on whiskey and other U.S. products. (AP Photo/Steve Helber, File)
May 20, 2019 - 10:03 am
LOUISVILLE, Ky. (AP) — American whiskey producers feeling the pain from the Trump administration's trade disputes have gotten a shot of relief with an agreement that will end retaliatory tariffs that Canada and Mexico slapped on whiskey and other U.S. products. The whiskey industry hailed the...
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Cars for export and import are stored in front of containers on Thursday, May 16, 2019 at the harbor in Bremerhaven, Germany, with 2 million vehicles per annum one of the largest automobile hubs in the world. US President Donald Trump is delaying any decision to impose tariffs on car and auto-part imports for now. (AP Photo/Martin Meissner)
May 20, 2019 - 7:38 am
BRUSSELS (AP) — The European Union is rejecting claims that Europe's car exports pose a threat to the United States after U.S. Commerce Secretary Wilbur Ross ruled that imported vehicles and parts imperil national security. European Commission spokesman Margaritis Schinas said Monday that "the EU...
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People stand by an electronic stock board of a securities firm in Tokyo, Monday, May 20, 2019. Shares are mixed in Asia, with India and Australia leading gains following elections that look set to keep incumbents in office. (AP Photo/Koji Sasahara)
May 20, 2019 - 5:57 am
BANGKOK (AP) — Shares declined in Europe on Monday after a mixed day in Asia in the absence of positive updates on the trade standoff between the U.S. and China. Britain's FTSE 100 lost 0.7% at 7,297.67 while Germany's DAX declined 1.2% to 12,091.38. The CAC 40 in France shed 1.2% to 5,374.14. Wall...
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