In its decision, the WTO ruled against the administration’s argument that China has engaged in practices harmful to U.S. interests, on issues including intellectual property theft, technology transfer and innovation.
The increase was driven by a record 10.9% increase in imports. Exports were also up, but by a smaller 8.1%.
The United States’ inability to get the pandemic under control and its ongoing political battle over a new aid package is casting doubt on its economic prospects and making it one of the chief risks to a global rebound, some economists say.
After decades of skepticism, pretty much every Indiana political entity, from small towns to the Governor’s Office, strives to persuade overseas businesses to launch operations in the state,
Microsoft confirmed Sunday it has discussed with President Donald Trump his concerns about security and censorship surrounding such an acquisition.
If talks on ending the dispute fail, the world could face downward pressure on trade at a time when the global economy is already reeling from the pandemic.
Facing eight federal lawsuits and opposition from hundreds of universities, the administration called off a rule that would have required international students to transfer or leave the country if their schools held classes entirely online because of the pandemic.
The lawsuit challenges a recently announced directive saying international students cannot stay in the United States if they take all their classes online this fall.
U.S. futures swung wildly as the remarks caused concern that the deal signed in January, which paused the trade war between world’s two largest economies, was in jeopardy.
The freeze announced Monday will apply to the H1-B visa category for highly skilled workers, the H4 visa for their spouses and the L visas companies use to transfer international employees into the United States.
The U.S. will no longer treat Hong Kong and China as separate entities for the purposes of extradition, customs, trade and visa issues, President Trump said Friday. He also attacked the World Health Organization, which he said was effectively controlled by Beijing.
President Donald Trump says the coronavirus pandemic highlights the importance of U.S. manufacturing and moving supply chains out of China, as he blamed that country anew for not doing enough to slow the pandemic.
The letter is part of a growing call among state elected officials pointing blame at China for economic loss and deaths caused by the coronavirus.
The world’s largest economies delivered more worrisome cues Monday as anxiety over the virus outbreak sent stock and oil prices plunging and closed sites from the Sistine Chapel to Saudi Arabian schools.
Oil prices are plunging amid worries that an OPEC dispute will lead an economy weakened by COVID-19 to be awash in an oversupply of crude.
The agricultural shopping spree is part of a campaign to address complaints about the trade surplus and difficulties U.S. companies face in accessing Vietnamese markets.
The cancellations and travel restrictions are a major blow to business travel, which makes up around 26% of the total travel spending. The Global Business Travel Association estimates the virus is costing the business travel industry $47 billion per month.
The Dow Jones industrial average slumped more than 3% and gave up all of its gains for the year as a surge in virus cases and a worrisome spread of the disease outside the epicenter in China sent investors running for safety.
China’s economy is being rocked by the new virus that has infected more than 75,000 people and forced many businesses and factories to temporarily close.
Goods affected by the latest reduction include industrial components and medical and factory equipment.
