Trump adviser says U.S. president ready to escalate trade war if no deal agreed soon: SCMP
(Reuters) – A trade adviser to Donald Trump has said the U.S. president is ready to escalate the ongoing trade war with China if a trade deal is not agreed…
U.S., Chinese trade deputies face off in Washington amid deep differences
WASHINGTON (Reuters) – U.S. and Chinese deputy trade negotiators were set to resume face-to-face talks for the first time in nearly two months on Thursday, as the world’s two largest…
Democrats’ drug pricing proposal ‘dead on arrival’ in Senate: leading Republican
FILE PHOTO: Sen. John Thune (R-SD) speaks to Capitol Hill reporters following the Republicans’ weekly policy luncheon in Washington, U.S., July 31, 2018. REUTERS/Allison Shelley WASHINGTON (Reuters) – The second…
U.S. House Speaker Pelosi unveils proposal to lower drug prices
WASHINGTON (Reuters) – U.S. House Speaker Nancy Pelosi, a Democrat, proposed legislation on Thursday to allow the federal government to negotiate the prices of hundreds of prescription drugs, and said…
Fed’s Powell says politics play no role in interest-rate decisions
U.S. Federal Reserve Chairman Jerome Powell speaks during the “The Economic Outlook and Monetary Policy” panel discussion hosted by the Swiss Institute of International Studies at the University of Zurich…
Fed Chair Powell repeats vow to act ‘as appropriate’
ZURICH (Reuters) – The U.S. Federal Reserve will continue to act “as appropriate” to sustain the economic expansion in the world’s biggest economy, Fed Chair Jerome Powell said Friday in…
U.S.-China trade conflict could take years to resolve: Kudlow
WASHINGTON (Reuters) – White House economic adviser Larry Kudlow said on Friday the United States wants “near term” results from U.S.-China trade talks in September and October but cautioned that…
U.S. hiring cools; wages, hours offer silver lining
WASHINGTON (Reuters) – U.S. job growth slowed more than expected in August, with retail hiring declining for a seventh straight month, but strong wage gains should support consumer spending and…
U.S. launches antitrust probe into California automaker agreement
WASHINGTON (Reuters) – The U.S. Justice Department is investigating whether the decision of four automakers in July to reach a voluntary agreement with California to adopt state emissions standards violated…
China says has only ‘limited’ cooperation with U.S. on fentanyl
BEIJING (Reuters) – China and the United States have only “limited” cooperation in stopping fentanyl smuggling, a Chinese narcotics official was quoted as saying on Tuesday, after complaints China isn’t…