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Rather than decouple, US, China businesses look for ways to collaborate

GUANGZHOU, China — For some big companies, U.S.-China business ties are still holding up, despite worries that trade tensions will cause the two economies to decouple. The biggest change for Microsoft in the last year is having more opportunities than before in the Chinese market, particularly for Chinese companies wanting to go abroad, said Alan Crozier, chairman and CEO of ... Read More »

China stands firm on demand US lifts tariffs to reach trade war deal

China is sticking firm to its demand that the US remove tariffs as talks on an interim trade deal continues, the Ministry of Commerce said on Thursday. Ministry spokesman Gao Feng said the trade war between the two nations started with the imposition of tariffs and it should end with their removals. “That is the important condition for reaching the ... Read More »

California, ‘ground zero for US-China relations’, feels the pinch as trade war tariffs hit American port traffic

Karen Quintana used to pay little attention to US President Donald Trump’s Twitter feed. But as the US-China trade war has dragged on, monitoring the frequent social media dispatches has become an essential part of the job. “At first, people did not really believe the tweets on tariffs were real. They thought, ‘oh he tweeted something, but maybe it’s not ... Read More »

Fentanyl smugglers: Nine jailed in landmark US-China operation

Nine people have been jailed in China for smuggling fentanyl into the US, after a landmark joint investigation by American and Chinese officers. In August, US President Donald Trump said China was not doing enough to stop the opioid – 50 times more potent than heroin – being shipped to the US. The Chinese court said it was the first ... Read More »

McDonald’s Names Joe Erlinger as New Leader for U.S. Business

CHICAGO,: McDonald’s Corporation (“the Company”) (NYSE: MCD) today announced that Joe Erlinger, most recently President, International Operated Markets, has been appointed President, McDonald’s USA, effective immediately. Erlinger’s appointment follows the recent appointment of Chris Kempczinski as McDonald’s President and Chief Executive Officer. “Joe is a respected leader who is returning to the U.S. after working around the world for McDonald’s,” ... Read More »

US border officers die by suicide 30% more often than other cops

Law enforcement suicides in the United States have surpassed line of duty deaths in recent years. There have been 14 reported police suicides this month alone. And for every police suicide, there are at least 1,000 police officers with post-traumatic stress, according to Badge of Life, a nonprofit focused on police suicide prevention. Unlike physical injuries, mental trauma for cops ... Read More »

White smoke seen from capsized vessel near US port

The crews said that air monitoring around the vessel and in the community showed no signs of impact. They stabilised the source of smoke by spraying water over the vessel throughout the day Read More »

U.S. Added 136,000 Jobs in September; Unemployment Rate at 3.5%

The government’s latest monthly jobs report took on added significance after a week of otherwise disappointing economic news. ■ 136,000 jobs were added last month, the government reported on Friday. Analysts surveyed by MarketWatch had expected a gain of about 147,000. Read More »

Moscow Hopes For Progress In Russian-US Business

MOSCOW : Russia hopes for progress in creation of the Russian-US business consultative council, on which the countries’ leaders have agreed, Deputy Foreign Minister Sergey Ryabkov has said in an interview with Russia’s International Affairs newspaper. “We have plans to launch a business dialogue in the Russian-US context, as we call it, namely, to create a business consultative council. The ... Read More »

Trump’s China trade rhetoric turns harsh at UN, says won’t take ‘bad deal’

Trump-calls-on-nations-to-reject-globalism-embrace-nationalism-daily-timesUS President Donald Trump delivered a stinging rebuke to China’s trade practices on Tuesday at the United Nations General Assembly, saying he would not accept a “bad deal” in US-China trade negotiations. Four days after deputy US and Chinese negotiators held inconclusive talks in Washington, Trump’s remarks were anything but conciliatory and emphasized the need to correct structural economic abuses ... Read More »

Coast Guard Sets Port Condition X-RAY for PR/ USVI Due to Tropical Storm Karen

The Coast Guard captain of the Port San Juan anticipates setting Port Condition X-RAY at 11 a.m. on Sunday for the ports in Puerto Rico and the U.S. Virgins Islands due to the possibility of sustained gale force winds greater than 39 mph from Tropical Storm Karen arriving to the area within 48 hours. The Coast Guard strongly cautions the ... Read More »

Ports Post Record Volume as Holiday Season Begins

Major U.S. seaports posted growth in containerized cargo volume for August, the start of the season when retailers begin importing holiday merchandise. The season runs through November and is considered shipping’s high-water mark. The Port of Oakland said it experienced its busiest August ever for inbound loads. Imports increased 3.1% to 88,323 20-foot-equivalent units (TEUs) for the month compared with ... Read More »

Persistent U.S. Business Group Seeks Better China Ties With New Silicon Valley Office

It was nearly a month ago that President Donald Trump called on American companies to leave China. Many U.S. businesses, however, continue to see the country as a growth market despite trade tensions, so much so that the American Chamber of Commerce in Shanghai on Friday will open up its first San Francisco office to help facilitate exchange. Many members ... Read More »

U.S. strike against GM threatens Canadian plants

As 49,000 United Auto Workers in the U.S. strike against General Motors, there’s a risk the walkout could shut down GM Canada’s plants and auto-parts makers in Ontario. GM Canada says it is monitoring the situation closely for any impact to Canadian operations. The North American auto industry is highly integrated, with assembly plants here in Canada reliant on parts ... Read More »

China grants tariff exemptions to 16 types of US goods ahead of trade war talks

China on Wednesday unveiled a list of 16 types of products that will be exempt from the first round of additional tariffs on US imports as the two sides prepare for their latest trade talks. The exemption will take effect on Tuesday and remain in place until September 16, 2020, the Customs Tariff Commission of the State Council said in ... Read More »

A slowdown in U.S. business formation poses a risk to economy

WASHINGTON : Despite a decade-plus of economic growth, Americans have slowed the pace at which they’re forming new companies, a trend that risks further widening the gap between the most affluent and everyone else. The longest expansion on record, which began in mid-2009, has failed to restore entrepreneurship to its pre-recession levels, according to a Census Bureau report based on ... Read More »

Changes in China’s Purchasing and Import Trends between 2019 and 2024

One aspect of the US-China trade war little commented on is the US$179 billion worth of goods that China purchased from the US in 2018. While much of the trade dispute talk has been on the amount that the US has been buying from China (US$557.9 billion) and the size of the trade deficit (US$378.6 billion), the smaller amount – ... Read More »

China to implement additional customs tariffs on US imports worth 75 billion USD

The State Council Custom Tariff and Tax Committee announced on August 23rd, 2019, their decision to raise the custom tariffs on US import products worth 75 billion USD. At the same time the committee decided to resume the custom tariffs on US cars and spare parts. The US government previously announced on August 15th, 2019, their decision to raise the ... Read More »

Trump says Russia might be invited to next year’s G7 Summit, though other leaders disagree

President Donald Trump said it is “certainly possible” that Russian President Vladimir Putin could be invited to next year’s Group of Seven Summit, though other member nations seemed to disapprove. Trump’s comment Sunday came after he repeatedly touted support for the move. The same day the world leaders convened at the summit in southwest France, European Council President Donald Tusk ... Read More »

Trump Claims G-7 ‘Unity’ on Iran After Unannounced Invite

BIARRITZ, France (AP) — U.S. President Donald Trump said he gave his approval for Iran’s top diplomat to make an unannounced appearance on the margins of the G-7 summit, denying Monday that he was surprised or angered and claiming “unity” with the other leaders. French President Emmanuel Macron’s invitation to Iranian Foreign Minister Mohammad Javad Zarif was a bold gamble ... Read More »