Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
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Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
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Avon Products will pay $135 million to settle criminal and civil charges after its China unit pleaded guilty to conspiring to violate the Foreign Corrupt Practices Act by bribing officials there.
Avon is the world's largest direct seller of cosmetics. Its Avon China unit entered the plea Wednesday in federal court in New York City. It admitted it disguised gifts its employees gave Chinese government officials from at least 2004 through late 2008. It said it concealed and disguised cash, non-business meals, travel and entertainment it provided to obtain business benefits.
Prosecutors say Avon has cooperated with investigators.
Avon Products CEO Sheri McCoy says she's pleased with the agreements.