Posts by Amelia Frost
Where Things Stand In The US-China Trade War
[ad_1] China has hit back against US President Donald Trump’s “liberation day” tariffs, slapping 34 percent levies on all imports of American goods. AFP looks at how an escalating trade war between the United States and China is playing out — and what impact it might have. Trade between the world’s two largest economies is…
Read MoreTrump’s Trade War Escalates as China Retaliates With 34% Tariffs
[ad_1] China has struck back at President Trump on Friday. In a rapid fire series of policy announcements, including 34 percent across-the-board tariffs, three government agencies in Beijing showed that China has no intention of backing down in the trade war that Mr. Trump began this week with his own steep tariffs on imports from…
Read MoreDeloitte To Cut US Consulting Jobs Amid Government Cost-Cutting Pressure
[ad_1] Deloitte, a London-based multinational professional services network, is laying off some employees in its U.S. consulting division because the federal government has asked the company to reduce the costs of its government projects, according to reports. Deloitte Faces Workforce Reductions as Consulting Growth Slows The firm has not disclosed the exact number of employees…
Read MoreWhite House Easter Egg Roll To Feature 30,000 Real Eggs Despite Tariff, Supply Hurdles
[ad_1] The annual White House tradition of rolling Easter eggs, scheduled for April 21, will move forward as planned, despite concerns over egg prices and supply issues resulting from the ongoing avian flu outbreak. The event will feature 30,000 eggs for guests to decorate and use in games, a tradition that continues despite the challenges…
Read MoreTrump Unveils First $5 Million ‘Gold Card’ Visa
[ad_1] US President Donald Trump unveiled the first “gold card”, a residency permit sold for $5 million each AFP US President Donald Trump unveiled the first “gold card”, a residency permit sold for $5 million each, aboard Air Force One on Thursday. Holding a prototype that bore his face and an inscription “The Trump Card”,…
Read MoreIsrael Kills Hamas Commander In Lebanon Strike
[ad_1] Israel killed a commander of Palestinian militant group Hamas on Friday in a pre-dawn strike in the Lebanese port city of Sidon that also killed his adult son and daughter. Lebanese Prime Minister Nawaf Salam condemned the strike as a “flagrant attack on Lebanese sovereignty” and a breach of the November 27 ceasefire with…
Read MoreTrump Officials Warn of Tariff Pain as Price Increases Loom and Stocks Tumble
[ad_1] In the weeks leading up to his expansive global tariffs, President Trump and his top aides tried to prime the public for economic pain. They warned that while there would be fallout from their aggressive trade strategy, it would prove short-lived and benefit the economy in the long run. Investors, businesses and others made…
Read MorePizza Hut, Chili’s, Olive Garden: The Death of the Middle-Class Restaurant
[ad_1] When Daniel Cox was growing up in Rochester, N.Y., he spent every Saturday night at Pizza Hut with his father and two brothers. The server got to know the family so well that when she saw their blue Dodge Caravan roll up, she would put their order in: two cheese pan pizzas and two…
Read MoreTrump Imposes Tariffs on Remote Islands
[ad_1] President Trump’s tariffs have spared almost no corner of the Earth. Even tiny, sparsely populated islands that export close to nothing. Among the countries and territories listed on sheets of paper that were distributed to reporters in the White House Rose Garden on Wednesday were Heard Island and McDonald Islands, Australian territories near Antarctica…
Read MoreFamilies Of Duterte Drug War Victims Demand Probe Into Online Threats
[ad_1] Family members of people killed during former Philippine president Rodrigo Duterte’s bloody crackdown on drugs demanded an investigation Friday into what they say has been a flood of online threats since his arrest. Duterte was detained on March 11 and put on a plane to the International Criminal Court in the Netherlands the same…
Read MorePacific Nations Perplexed, Worried By Trump Tariffs
[ad_1] Pacific island nations hit hardest by US President Donald Trump’s trade tariffs are querying the “unfair” impost, and they are fearful of the impact. The United States has punished Fiji, Vanuatu and tiny Nauru for running trade surpluses with the economic superpower, slapping them with duties far above its new 10-percent baseline. Besides squeezing…
Read MoreStocks Fall Further as Concern About Tariffs Deepens
[ad_1] Share prices fell sharply for a second day on Friday in Asia, and futures market trading indicated that American share prices might soon tumble further as well, as worries spread about the economic effect of President Trump’s broad tariffs. The Nikkei 225 Index in Japan was down 3.8 percent. That followed a 2.8 percent…
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