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Top News & Analysis Washington DC

  • MOSCOW— Russia has announced retaliatory measures in response to the U.S. move to impose tariffs on foreign steel and aluminum. Economic Development Minister Maxim Oreshkin said a statement on Tuesday that Moscow has decided to apply retaliatory measures in line with the World Trade Organization's rules to compensate for damage incurred by the U.S. tariffs.

  • BEIJING/ WASHINGTON, June 19- China accused the United States on Tuesday of "extreme pressure and blackmailing" and vowed to retaliate after U.S. China's commerce ministry said Beijing will fight back with "qualitative" and "quantitative" measures if the United States publishes an additional list of tariffs on Chinese goods. "The United States has initiated a...

  • WASHINGTON— The Latest on U.S.- China trade tensions:. The top White House trade adviser, Peter Navarro, says Beijing "may have underestimated the resolve of President Donald J. Trump" by refusing to meet U.S. demands on trade and by threatening to retaliate against American trade sanctions. Navarro, known for his hard-line approach to China, still says the U.S. is...

  • *China yuan falls to five-month low in offshore market. President Donald Trump threatened to slap more tariffs on China, fanning a trade dispute between the world's two biggest economies. China's commerce ministry warned on Tuesday that Beijing would fight back firmly with "qualitative" and "quantitative" measures if the United States implements more tariffs.

  • *China should appropriately cut RRR- c.bank working paper. BEIJING, June 19- China should cut banks' reserve requirement ratios to help ease their burdens, the central bank said in a working paper on Tuesday, fanning expectations of an imminent policy move as its governor urged investors to remain calm. The People's Bank of China surprised markets earlier in the...

  • BRUSSELS, June 19- European Union countries will commit to drive reform of the World Trade Organization to ensure trade is both free and fair, assuming their leaders adopt draft conclusions prepared ahead of next week's EU summit. EU leaders will meet in Brussels on June 28-29 to discuss a range of issues, including migration and security as well as trade, which...

  • WASHINGTON— US housing starts climbed 5 percent in May to strongest pace since 2007..

  • WASHINGTON— A surge of construction in the Midwest drove U.S. housing starts up 5 percent in May from the prior month. The Commerce Department said Wednesday that housing starts rose to a seasonally adjusted annual rate of 1.35 million, the strongest pace since July 2007. The National Association of Home Builders/Wells Fargo builder sentiment index released...

  • CVS Health will make prescription deliveries nationwide to accommodate the heightened expectations of convenience from consumers. The drugstore chain said Tuesday that it's expanding same-day deliveries, for a higher fee, to Boston, Miami, Philadelphia, San Francisco and Washington, DC. CVS Health runs more than 9,800 retail locations nationwide,...

  • *Yen, Swiss franc up after Trump warns of new tariffs on China. Hostility over trade between the world's two largest economies intensified on Tuesday when Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods, prompting a swift warning from Beijing of retaliation. Months of tit-for-tat trade measures between Beijing and Washington...

  • BEIJING, June 19- China and the United States sank into a deepening trade conflict that roiled financial markets Tuesday after U.S. The sheer size of Trump's latest threat makes it impossible for an in-kind response from China since the value of the goods involved exceeds by $70 billion the total value of U.S. imports to China last year, U.S. data shows.

  • *China c.bank injects liquidity following Trump tariff threat. SHANGHAI, June 19- Shanghai stocks tumbled nearly 4 percent on Tuesday to a two-year low, while the yuan fell to a more-than-five-month low against the dollar as Washington's fresh tariff threats against China raised the spectre of a full-blown trade war. Meanwhile, the yuan weakened to a low of...

  • LONDON, June 19- An escalating protectionist war between the United States and China extended a sell-off in European shares on Tuesday, with autos, mining and technology stocks in the eye of the storm. Europe's main equity benchmarks sank 1 to 1.7 percent by 0825 GMT after Trump warned Washington would impose a 10 percent tariff on $200 billion of Chinese goods...

  • *China accuses U.S. of launching trade war. *China could not match threat of tariffs on $200 bln in goods. *China central bank injects $31 bln in liquidity.

  • *Protests show mistrust about Vietnam's China policy. *China diplomat demands Chinese businesses be protected. MANILA, June 19- Protests by thousands of people in cities across Vietnam are showing just how easy it is to unite public opinion and mobilise dissent when an issue has one key ingredient: China.

  • LONDON, June 19- An escalating protectionist tit-for-tat between the U.S. and China extended a selloff in European shares on Tuesday with autos, mining and technology stocks in the eye of the storm. Europe's main equity benchmarks sank 1 to 1.7 percent by 0825 GMT after Trump warned Washington would impose a 10 percent tariff on $200 billion of Chinese goods...

  • TOKYO, June 19- Japanese stocks tumbled to 2-1/ 2- week lows on Tuesday and posted the biggest daily percentage drop in three months after Chinese stocks were sold sharply amid escalating global trade tussles. President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods, prompting a swift warning of retaliation from Beijing...

  • *Yen, Swiss franc up after Trump's threat of new tariffs on China. *China yuan falls to five-month lows in offshore market. President Donald Trump's threats of additional tariffs on China escalated a trade spat between the world's two largest economies in a worrying sign for global growth prospects.

  • *Risk sentiment hurt as Trump threatens China with new tariffs. Spreadbetters expect European stocks to follow their Asian peers and open lower, with Britain's FTSE dropping 0.3 percent, Germany's DAX shedding 0.7 percent and France's CAC losing 0.75 percent. Trump said if China increases its tariffs again in response to the latest U.S. move, "we will meet that...

  • U.S. Border Patrol agents ask a group of Central American asylum seekers to remove hair bands and weddding rings before taking them into custody on June 12, 2018 near McAllen, Texas.

    Filippo Grandi, the U.N. High Commissioner for Refugees, said the United States has the largest backlog of asylum cases in the world.