Trump administration pushing to rip global supply chains from China: officials

WASHINGTON (Reuters) – The Trump administration is “turbocharging” an initiative to remove global industrial supply chains from China as it weighs new tariffs to punish Beijing for its handling of the coronavirus outbreak, according to officials familiar with U.S. planning. President Donald Trump, who has stepped up recent attacks on Continue Reading

Oil exec and Trump ally Hamm seeks U.S. probe of oil price crash

WASHINGTON (Reuters) – The founder of Continental Resources Inc (CLR.N), an ally of U.S. President Donald Trump, is pressing the U.S. commodity markets regulator and the exchange to probe whether market manipulation or system failure was behind this week’s unprecedented plunge in U.S. crude futures. FILE PHOTO: U.S. President Donald Continue Reading

Wall St. set to fall at open as Trump signals delay in China trade deal

(Reuters) – U.S. stocks were set to drop at the open on Tuesday after comments from President Donald Trump sparked fears of a delay in resolving a bruising tariff dispute with China until after the presidential election in November 2020. FILE PHOTO: Traders work on the floor at the New Continue Reading

House Democrats ask if Trump interfered in DOJ automaker antitrust probe

WASHINGTON (Reuters) – Two U.S. Democratic lawmakers on Thursday asked the White House to turn over documents that would show if President Donald Trump interfered or directed a Justice Department antitrust probe of four automakers that struck voluntary agreements with California to reduce tailpipe emissions, according to a letter seen Continue Reading

Hard for Xi, Trump to make progress on trade: former China central bank chief

BEIJING (Reuters) – China’s President Xi Jinping and U.S. President Donald Trump are likely to find it “difficult” to make major progress toward ending their countries’ trade war when they meet at a G20 summit in Japan in June, a former top Chinese official said on Friday. Containers are seen Continue Reading

Trump administration announces $16 billion farm aid plan to offset trade war losses

WASHINGTON (Reuters) – The Trump administration on Thursday unveiled a $16 billion farm aid package to offset losses from a 10-month trade war with China and said payment rates to farmers would be determined by where they farm rather than what crops they grow. The package, the bulk of which Continue Reading

Bank staff flagged Trump, Kushner transactions for watchdog: NYTimes

WASHINGTON (Reuters) – Anti-money laundering specialists at Deutsche Bank AG recommended in 2016 and 2017 that multiple transactions involving entities controlled by President Donald Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog, the New York Times reported on Sunday. FILE PHOTO: U.S. President Donald Trump Continue Reading

Trump says Beijing ‘broke’ trade talk deals, pledges to keep tariffs on Chinese goods

PANAMA CITY, Fla./WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday that China “broke the deal” it had reached in trade talks with the United States, and vowed not to back down on imposing new tariffs on Chinese imports unless Beijing “stops cheating our workers.” The U.S. Trade Representative’s Continue Reading

Trump pressed Japan’s Abe to build more vehicles in the U.S

WASHINGTON (Reuters) – U.S. President Donald Trump pressed Japanese Prime Minister Shinzo Abe to have Japanese automakers produce more vehicles in the United States, according to a readout of their recent meeting provided by the U.S. ambassador to Japan on Saturday. U.S. President Donald Trump meets with Japan’s Prime Minister Continue Reading