As tariffs expand, focus also on workarounds for Chinese goods
WASHINGTON — As U.S. President Donald Trump moves forward with an expanding net of tariffs, including an additional 10% for Chinese imports starting next week, industry insiders and experts say closing existing loopholes and workarounds that companies use to avoid…
EU will ask India to cut tariffs on cars, wine to boost ties, reduce reliance on China
NEW DELHI — The European Union plans to urge India to lower its high tariffs on cars and wine to boost trade, as it seeks to reduce its reliance on China, a senior official from the bloc said, ahead of…
US consumer confidence drops sharply, survey shows
U.S. consumer confidence plunged in February in its biggest monthly decline in more than four years, a business research group said Tuesday. The Conference Board said its consumer confidence index dropped from 105.3 in January to 98.3 this month, the…
US Treasury’s Bessent, China’s He trade economic complaints in call
WASHINGTON — U.S. Treasury Secretary Scott Bessent traded policy complaints with Chinese Vice Premier He Lifeng on Friday, with Bessent telling Beijing to do more to curb fentanyl trafficking and rebalance its economy, and He voicing concerns about President Donald…
South Korea requests exclusion from US plan to increase tariffs
SEOUL, SOUTH KOREA — South Korean officials have asked the Trump administration to exclude their country from U.S. plans to impose aggressive tariffs on trade partners, emphasizing that Seoul is already applying low duties on American products under the free…
China says it’s ‘doing its best’ to push for tariff negotiations with EU
BEIJING — China has been “doing its best” to push for negotiations with the European Union over its tariffs on Chinese-made electric vehicles, a commerce ministry spokesperson said on Thursday, almost four months after the punitive import curbs took effect….
Solar refrigerators in Kenya reduce food waste
NAIROBI, KENYA — Milk and egg vendor Caroline Mukundi has lost a lot of her stock in her years of selling fresh food at a Nairobi market. Mukundi said she had no way to keep food fresh, and the cost…
Economists weigh in as US inflation rises
Inflation in the United States increased in January as prices of food, gasoline and housing, among others, continued to rise. VOA correspondent Veronica Balderas Iglesias talked to economists about what the Trump administration can do to bring prices down. Source:…
Global benchmarks trade mixed as investors continue to eye Trump
Tokyo — Global shares traded mixed on Monday as investors continued to watch economic data and policy moves from U.S. President Donald Trump, as both are likely to impact upcoming central bank moves. France’s CAC 40 dipped nearly 0.1% in…
Breakfast is booming at US restaurants. Is it also contributing to high egg prices?
It’s a chicken-and-egg problem: Restaurants are struggling with record-high U.S. egg prices, but their omelets, scrambles and huevos rancheros may be part of the problem. Breakfast is booming at U.S. eateries. First Watch, a restaurant chain that serves breakfast, brunch…