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…
Tech stocks sink as Chinese competitor threatens to topple their AI domination
New York — Wall Street is tumbling Monday on fears the big U.S. companies that have feasted on the artificial-intelligence frenzy are under threat from a competitor in China that can do similar things for much cheaper. The S&P 500…
Lunar New Year travel offers boost to China’s economic woes
China’s annual mass migration ahead of the Lunar New Year will peak with billions of trips anticipated during this year’s holiday, which begins Tuesday. An estimated 9 billion trips are expected. This year’s holiday lasts from Jan. 28 through Feb….
Trump to global businesses: Make products in US or pay tariffs
President Donald Trump laid out his approach to foreign investment to the world’s largest gathering of global business leaders, offering investors a take-it-or-leave-it deal to build in the U.S. or face stiff tariffs. VOA White House Correspondent Anita Powell reports….
US lawmakers seek to end China’s special trade status, import exemption
WASHINGTON — U.S. lawmakers introduced a bipartisan bill on Thursday that would revoke China’s preferential trade status with the United States, phase in steep tariffs and end the “de minimis” exemption for low-value Chinese imports. The bill, introduced by John…
Nigeria’s new BRICS partner status sparks economic optimism, debate
ABUJA, NIGERIA — Nigerian authorities said this week that the nation’s new partnership status with the BRICS bloc could unlock critical opportunities in trade, investment and agriculture. Nigerian President Bola Tinubu’s special adviser told Lagos-based Channels Television that the partnership,…
Trump’s 2nd term: Hopes for economic prosperity amid new challenges
Many American voters are hopeful that President Donald Trump’s second term, which began on Jan. 20, will usher in a period of economic prosperity — much like they felt during his first term. However, the economy he is inheriting this…
Trump holds off on immediate tariffs but plans trade overhaul
President Donald Trump did not immediately impose tariffs on Monday as previously promised but directed federal agencies to “investigate and remedy” persistent U.S. trade deficits and unfair trade practices and currency manipulation by other countries. Trump, sworn in on Monday,…