Posts by Amelia Frost
Both Admired and Resented by Trump, Japan Scrambles to Stay Close
[ad_1] This month in the White House’s Rose Garden, as he held up a placard showing the global wave of tariffs he wanted to impose, President Trump paused to fondly recall a fallen friend. “The prime minister of Japan, Shinzo, was — Shinzo Abe — he was a fantastic man,” Mr. Trump said during the…
Read MoreTaiwan’s Chip Companies Are Caught in the U.S.-China Tariff War
[ad_1] Even as the United States and China push their economies further apart with escalating tariffs, they share an inescapable challenge. Both depend on Taiwan for semiconductors. And navigating that reliance could prove to be one of the trickiest policy problems both countries face in their trade war. China and the United States both view…
Read MoreTrump’s 10% Tariff May Be Less Onerous but Still Raises Prices and Threatens Trade
[ad_1] When Donald J. Trump championed the idea of a 10 percent blanket tariff during the campaign, many people, whether for or against, were taken aback by how radical the idea was. Alarms sounded about higher inflation, lost jobs, slower growth or recession. The prospect seemed so outlandish that most economists and Wall Street analysts…
Read MoreStocks Struggle Again As Nvidia Chip Curb Warning Pops Calm
[ad_1] Asian stocks swung Wednesday after Nvidia’s announcement of new US licensing rules on shipments of its new chip to China rattled investor confidence already shot by Donald Trump’s sweeping trade war. After a relatively peaceful couple of days following last week’s tariff-fuelled ructions, investors were once again on the defensive as a standoff between…
Read MoreChina Girds for Economic Stress of Trump’s Tariffs
[ad_1] President Trump’s tariffs have been good for China’s economic growth. At least they were over the first three months of the year, as the country’s factories raced to ship exports ahead of the trade restrictions. China’s National Bureau of Statistics reported on Wednesday that the country’s gross domestic product grew 1.2 percent from the…
Read MoreWhite House Ends a Regular Reporting Slot for Independent Newswires
[ad_1] The Trump administration said Tuesday that it would no longer reserve a regular slot in the presidential press pool for three independent newswires that have participated for decades, including The Associated Press. The move is the latest effort by the White House to exert more control over the dedicated press corps that reports on…
Read MoreOnana Faces Date With Destiny As Man Utd Chase Lyon Win
[ad_1] Andre Onana faces a potentially make-or-break match for his Manchester United career against Lyon in the Europa League on Thursday as the English giants battle to keep their season alive. The Cameroon international goalkeeper made himself the main talking point ahead of the first leg of the quarter-final in France, which ended in a…
Read MoreHong Kong Suspends Packages to the U.S., Wading Into the Trade War
[ad_1] Wading into the trade war, Hong Kong said on Wednesday that its postal service will no longer send packages to the United States. It is the city’s first move in a spiraling tit-for-tat trade war between China and the United States that is reordering global shipping routes. President Trump this month ordered the closure…
Read More‘La Bolita,’ Cuban Lottery Offering Hope In Tough Times
[ad_1] Every day, as he has done for 20 years, Carlos makes the rounds collecting bets in central Havana for “la bolita” — a clandestine national lottery that provides a sliver of hope for Cubans struggling to make ends meet. Betting has been illegal on the communist island for the past 66 years, but “la…
Read MoreTrump Seeks to Lower Drug Prices Through Medicare and Some Imports
[ad_1] President Trump signed an executive order on Tuesday outlining a series of actions intended to lower drug prices, including helping states import drugs from Canada. The policies were more modest than proposals to reduce drug prices that Mr. Trump offered in his first term. And one of his new directives could increase drug prices.…
Read MoreEmery Targets ‘Next Step’ For Aston Villa After Champions League Heroics
[ad_1] Unai Emery believes there is more to come from Aston Villa as they exited the Champions League with pride after a thrilling 3-2 victory over Paris Saint-Germain on Tuesday. The French champions prevailed 5-4 on aggregate to reach the semi-finals thanks to their 3-1 first leg lead, but lost at Villa Park for just…
Read MoreNvidia Expects $5.5 Bn Hit As US Targets Chips Sent To China
[ad_1] Nvidia on Tuesday notified regulators that it expects a $5.5 billion hit this quarter due to a new US licensing requirement on the primary chip it can legally sell in China. US officials last week told Nvidia it must obtain licenses to export its H20 chips to China because of concerns they may be…
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