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EU trade chief says U.S. not seeking deal to avert tariffs

By Philip Blenkinsop BRUSSELS (Reuters) – The Trump administration does not seem to be engaging in talks to avert trade conflict with the European Union, the EU’s trade chief said on Monday, two days before the United States is set to impose tariffs on all steel and aluminium imports. European Trade Commissioner Maros Sefcovic told […]

Weather

U.S. firms demand crackdown on tariff-evading Chinese importers

By Michael Martina and David Brunnstrom WASHINGTON (Reuters) – The U.S. needs tougher legislation to enforce trade laws and ensure criminal prosecution of Chinese government-subsidized companies that circumvent U.S. tariffs by shipping goods through third countries, U.S. companies said on Wednesday. Executives from a slate of mid-size industrial companies – including makers of steel pipes, […]

Richard K. Davis, former CEO of Make-A-Wish America and U.S. Bancorp, elected to lead Mayo Clinic Board of Trustees

JACKSONVILLE, Fla. — Richard K. Davis, former president and CEO of Make-A-Wish America and former executive chair and CEO of U.S. Bancorp, has been elected chair of the Mayo Clinic Board of Trustees. He will serve a four-year term beginning Feb. 21. Davis succeeds Michael Powell, who joined the Mayo Clinic Board of Trustees in 2011 and was elected […]

Business & Finance

China retaliates with additional tariffs of up to 15% on select U.S. imports starting Feb. 10

Jakub Porzycki | Nurphoto | Getty Images China unveiled a series of retaliatory measures against the U.S. on Tuesday, shortly after U.S. tariffs on Chinese goods kicked into effect, raising concerns of a broader trade war between the world’s two largest economies. China’s finance ministry said Tuesday it will impose additional tariffs of 15% on […]

Business & Finance

Asian currencies weaken as U.S. dollar strengthens after Trump levies tariffs

Nurphoto | Nurphoto | Getty Images Asian currencies weakened sharply Monday as the U.S. Dollar rallied after U.S. President Donald Trump slapped tariffs on several countries over the weekend. The dollar index — which measures the value of the greenback against several major global currencies — spiked 1.11% to 109.58. The Chinese offshore yuan dropped […]

Business & Finance

China’s January factory growth misses estimates ahead of U.S. tariffs

Workers making Care Bears at a factory in Ankang, China. CNBC China’s factory activity slowed in January as export orders dwindled ahead of additional U.S. tariffs that are set to come into effect Tuesday, a private-sector survey showed Monday. The seasonally adjusted Caixin/S&P Global manufacturing purchasing manager’s index came in at 50.1 in Januarymissing Reuters […]

Business & Finance

‘This Needs To Stop Now’—Elon Musk Confirms Radical Doge U.S. Treasury Plan

Elon Musk has become deeply embedded in U.S. president Donald Trump’s White House after declaring a U.S. “financial emergency” while on the campaign trail. Unlock over $3,000 in NFT, web3 and crypto perks — Apply now! Musk, the Tesla billionaire-turned-government-cost-cutter, is leading the Doge department of government efficiency, proposed by Trump’s Commerce department nominee Howard […]