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Author: Ranbiz

Trump intent on imposing global tariffs

03/14/2025 Ranbiz

The on-again, off-again tariffs between the United States and other countries are again under scrutiny, with the U.S. president not budging. VOA White House Correspondent Carolyn Presutti reports. …

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Wall Street tumbles 10% below its record after Trump escalates trade war

03/13/2025 Ranbiz

NEW YORK — Wall Street’s sell-off hit a new low Thursday after U.S. President Donald Trump’s escalating trade war dragged the S&P 500 more than 10% below its record, which was…

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Trump threatens 200% tariffs on European spirits

03/13/2025 Ranbiz

U.S. President Donald Trump on Thursday threatened the European Union with 200% tariffs on wine, champagne and other spirits produced in the 27-nation bloc after the EU levied what he…

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US October-February budget deficit hits record $1.147 trillion

03/13/2025 Ranbiz

WASHINGTON — The U.S. budget deficit for the first five months of fiscal 2025 hit a record $1.147 trillion, the Treasury Department said on Wednesday, including a $307 billion February deficit…

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Trump, Irish leader meet amid differences on trade, Gaza war

03/12/2025 Ranbiz

WASHINGTON — U.S. President Donald Trump met Irish Prime Minister Micheal Martin on Wednesday for wide-ranging talks that reflected differences over trade and the conflict in Gaza, although both leaders pledged…

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Wall Street jitters, US stocks’ plunge amid gloomy economic outlook

03/11/2025 Ranbiz

All three major U.S. stock indexes dropped sharply in Monday’s trading, with investors worried about the uncertainty of tariffs President Donald Trump imposed on key trading partners and his reluctance…

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US stocks drop sharply as Trump hedges on recession

03/10/2025 Ranbiz

All three major U.S. stock indexes dropped sharply in Monday morning trading, with investors worried about the uncertainty of tariffs imposed by President Donald Trump on key trading partners and…

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One-day strike at 13 German airports, including main hubs, brings most flights to halt 

03/10/2025 Ranbiz

Berlin — A one-day strike by workers at 13 German airports, including the Frankfurt and Munich hubs and all the country’s other main destinations, caused the cancelation of most flights on…

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Trump to keep tariffs to pressure Mexico, Canada, China on fentanyl, aides say

03/09/2025 Ranbiz

U.S. President Donald Trump is keeping new tariffs in place on Mexico, Canada and China to pressure them to block the flow of the deadly opioid fentanyl into the United…

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India says it is working to cut tariffs as it eyes US trade deal

03/08/2025 Ranbiz

NEW DELHI — India said Friday it is working to lower trade barriers with the United States as it tries to reach a bilateral trade deal with Washington this year. The…

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US lawmaker backs tariffs, calls for changing China’s trade status

03/08/2025 Ranbiz

WASHINGTON — Calls to revoke China’s Permanent Normal Trade Relations (PNTR) status have grown louder in recent months. In a memo released on the first day of his second term, President…

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Trump tells crypto leaders he’s committed to helping their industry

03/08/2025 Ranbiz

President Donald Trump said Friday that he was committed to making the U.S. a world leader in cryptocurrencies as industry leaders heaped praise on him for reversing what they said…

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US employers add 151,000 jobs; unemployment up to 4.1%

03/07/2025 Ranbiz

WASHINGTON — U.S. employers added a solid 151,000 jobs last month, but the outlook is cloudy as President Donald Trump threatens a trade war, trims the federal workforce and promises to…

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China vows retaliation after Trump raises tariffs

03/07/2025 Ranbiz

Beijing’s next moves may be cautious, though, analysts say …

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China criticizes Trump tariffs, threatens possible retaliation

03/07/2025 Ranbiz

TAIPEI, TAIWAN — Chinese Foreign Minister Wang Yi on Friday criticized the United States for imposing tariffs on Chinese imports and vowed to “resolutely retaliate” if Washington continues to increase pressure…

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US, Canadian leaders discuss trade amid new US tariffs

03/06/2025 Ranbiz

Top diplomats from the United States and Canada held talks Wednesday that included discussion of trade, while U.S. President Donald Trump delayed a new 25% tariff on vehicle imports from…

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China has ample policy room to deal with economic risks, finance minister says

03/06/2025 Ranbiz

BEIJING — China’s finance minister on Thursday left the door open to more stimulus measures on top of those announced at the annual parliament meeting this week, in the event the…

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Trump to impose new 25% tariffs on Mexico, Canada

03/04/2025 Ranbiz

WASHINGTON — President Donald Trump said Monday he is imposing new 25% tariffs at midnight on exports from America’s two biggest trading partners, Mexico and Canada, ignoring evidence that the neighboring…

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Trump says 25% Canada, Mexico tariffs to take effect on Tuesday

03/03/2025 Ranbiz

WASHINGTON — U.S. President Donald Trump said on Monday that there was no chance for Mexico or Canada to prevent 25% tariffs from taking effect on Tuesday, sending financial markets reeling…

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New US tariffs on Canada, Mexico could be eased, commerce chief says

03/02/2025 Ranbiz

U.S. President Donald Trump is planning to impose new tariffs Tuesday on Canadian and Mexican exports to the United States, but Commerce Secretary Howard Lutnick said Sunday they may not…

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Chinese companies expand overseas as domestic economy stalls

02/28/2025 Ranbiz

WASHINGTON — On a recent cold day in February, Virginia resident Raymond Fong sat outside the Tysons Corner mall for nearly two hours on a stool he brought from home to…

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India, EU, pledge to push free trade agreement, elevate strategic ties  

02/28/2025 Ranbiz

New Delhi  — India and the European Union agreed to wrap up a free trade deal by the end of this year, the two sides announced Friday following talks in the…

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As tariffs expand, focus also on workarounds for Chinese goods

02/27/2025 Ranbiz

WASHINGTON — As U.S. President Donald Trump moves forward with an expanding net of tariffs, including an additional 10% for Chinese imports starting next week, industry insiders and experts say closing…

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EU will ask India to cut tariffs on cars, wine to boost ties, reduce reliance on China 

02/26/2025 Ranbiz

NEW DELHI — The European Union plans to urge India to lower its high tariffs on cars and wine to boost trade, as it seeks to reduce its reliance on China,…

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US consumer confidence drops sharply, survey shows

02/25/2025 Ranbiz

U.S. consumer confidence plunged in February in its biggest monthly decline in more than four years, a business research group said Tuesday. The Conference Board said its consumer confidence index…

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Federal funding freeze impacts vital agriculture sector in Wisconsin

02/24/2025 Ranbiz

Ongoing freezes in federal funding are impacting the U.S. agricultural industry. VOA’s Kane Farabaugh has more from the Midwestern state of Wisconsin. …

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