The Trump administration has launched an investigation into car and truck imports that could lead to new U.S. tariffs similar to those imposed on imported steel and aluminum in March.
Business & Financial News, U.S & International Breaking News
Tariff fears hit car shares, lira back on the rack
World shares crept higher on Thursday as cars become the latest focus of U.S. protectionism worries, while Turkey's lira slumped back after a huge emergency interest rate hike failed to stem its problems.
Argentines brace for crisis as nation again seeks IMF help
Maria Florencia Humano opened a clothing store in 2016, convinced that Argentina’s long history of economic crises had ended under pro-business President Mauricio Macri.
United Air CEO grilled over NRA discount, workers rights at annual meeting
United Airlines executives faced questions about ending its discount for a gun rights group and how it treats its workers at the carrier's annual shareholders meeting on Wednesday.
Procter & Gamble commits to Russia despite rising risks
U.S. consumer goods group Procter & Gamble (P&G) will keep investing in Russian plants in 2018 and beyond, reaffirming its commitment to the market despite political risks.
Russia's top banker warns sanctions retaliation could backfire
German Gref, the head of Russia's biggest bank Sberbank, said a proposed law that could result in people being jailed for helping enforce U.S. sanctions would backfire on the Russian economy if implemented.
Trump versus Rwanda in trade battle over used clothes
Early last year, weeks after Donald Trump was sworn in as president, a little known American trade association filed a petition with the U.S. Trade Representative.
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China's Defence Ministry expressed regret on Thursday after the United States withdrew an invitation to China to attend a major U.S.-hosted naval drill, saying that closing the door does not promote mutual trust and cooperation.
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