UN waiting to see how much US intends to pay
UNITED NATIONS (AP) — The United Nations said Monday it’s waiting to find out how much of the nearly $4 billion the United States owes the world organization the Trump administration intends to pay and when the money will arrive. U.N. Secretary-General Antonio Guterres warned last week that the world body faces “imminent financial collapse” […]
Vietnam reciprocal tariffs reflect trade deficit and ties to China
The threat of rising tariff rates on U.S. imports could hobble the economic trajectory of countries such as Vietnam. Foreign direct investment in Vietnam has increased in recent years as firms search for ways to manage risks stemming from production in China. Vietnam has received approximately $18.5 billion in net foreign direct investment, according to World Bank […]
Will the tariffs lead to a recession? Here’s how to know if we’re in one
WASHINGTON (AP) — President Donald Trump’s sharp tariff hikes last week have sent the stock market into a tailspin, raised alarm bells among Wall Street executives, and heightened many economists’ worries that the U.S. could tip into recession. The tariffs, set to take effect Wednesday, include a 10% blanket duty on nearly all countries and […]
Nations puzzle over how to respond to US trade war as global markets gyrate
BRUSSELS (AP) — America’s trading partners wrestled with responses to U.S. President Donald Trump’s blast of tariff hikes and some planned to send negotiators to Washington, while the head of the European Union’s executive commission offered mutual reduction of tariffs – while warning that retaliation was an option too. “We stand ready to negotiate with […]
China punches back as world weighs how to deal with higher US tariffs
BANGKOK (AP) — China hit back with a stiff import tax on U.S. goods as countries and industries around the world weighed their responses to President Donald Trump’s latest tariff hikes that are roiling global trade and world markets. China on Friday took the retaliation route by imposing a 34% tariff beginning April 10 on […]
Special counsel evaluating how to wind down two federal cases against Trump after presidential win
WASHINGTON (AP) — Special counsel Jack Smith is evaluating how to wind down the two federal cases against Donald Trump before the president-elect takes office in light of longstanding Justice Department policy that says sitting presidents cannot be prosecuted, a person familiar with the matter said Wednesday. Smith charged Trump last year with plotting to […]
Biden’s team asks CEOs how to further boost the economy while Trump says business is on his side
WASHINGTON (AP) — On the campaign trail, President Joe Biden likes to take a hard thwack at corporate America. The Democrat tells voters that companies should pay more in taxes and he blames many businesses for fueling higher prices by stoking “greedflation” and “shrinkflation.” But for the past several months, top Biden administration officials have […]
Many Christian voters in US see immigration as a crisis. How to address it is where they differ.
MIAMI (AP) — Christian voters and faith leaders have long been in the frontlines of providing assistance to migrants — but when it comes to support for immigration policies, from border security to legalization options for migrants already in the U.S., priorities diverge broadly. Both President Joe Biden and GOP challenger Donald Trump traveled to […]