Trump, Xi to discuss tariffs imposed on each other’s exports
U.S. President Donald Trump and Chinese leader Xi Jinping are set soon to hold a high-stakes phone call on the tit-for-tat tariffs each has imposed on the other country’s exports. Trump’s new 10% tariff on Chinese goods took effect at…
Botswana, De Beers reach diamond sales agreement after years of negotiations
Gaborone, Botswana — The government of Botswana and South African diamond firm De Beers say they have reached a new, 10-year sales agreement following talks that had dragged on since 2019. Analysts say the diamond industry is sure to welcome…
Facing tariff threats, India lowers import duties to signal it is not protectionist
New Delhi — With trade likely to emerge as the most contentious issue between India and the United States, New Delhi has signaled that it is moving to allay concerns of U.S. President Donald Trump, who has named India among…
Trump: Americans could face ‘pain’ with new tariffs on key trading partners
U.S. President Donald Trump said Sunday that Americans may face economic “pain” because of new tariffs he is imposing on the country’s three biggest trading partners —Canada, China and Mexico — but contended that it would be “worth the price”…
Fleet of abandoned ships is growing, leaving sailors stuck at sea
More ships than ever are being abandoned around the world by their owners, according to the United Nations’ labor and maritime organizations, leaving thousands of workers stuck on board without pay or the means to travel home to their families….
Consumers brace for impact of China tariffs
washington — White House press secretary Karoline Levitt announced Friday that President Donald Trump would be implementing 25% tariffs on Mexican and Canadian goods and a 10% tariff on all Chinese imports on Saturday. Consumers told VOA they were bracing…
US economy grows solid 2.3% in October-December on eve of Trump return to White House
WASHINGTON — A humming American economy ended 2024 on a solid note with consumer spending continuing to drive growth, and ahead of what could be a significant change in direction under a Trump administration. The Commerce Department reported Thursday that…
Economic hardship affects Lunar New Year celebrations in China
TAIPEI, TAIWAN — The Lunar New Year, also called the Chinese New Year or the Spring Festival in China, is traditionally celebrated with tables piled with food and red envelopes filled with cash for children. In past years, smoke from…
Economists mixed on possible impacts of Trump’s tariff proposals
President Donald Trump is widely expected to impose tariffs on goods from Mexico and Canada as early as February 1 as part of a plan he says will boost the U.S. economy. But with much about the specifics still unknown,…
EU vows ‘action plan’ for beleaguered auto sector
Brussels, Belgium — The EU promised Thursday an “action plan” to help the bloc’s beleaguered auto sector, as it held talks with industry leaders who have sounded the alarm over emissions fines and Chinese competition. The European Union is under…