• Apple warns that Trump China tariffs will mean higher prices
Apple warns that Trump China tariffs will mean higher prices

China's trade surplus with the United States ballooned to a new record US$31 billion in August despite a raft of U.S. tariffs, official data showed Saturday, adding fuel to the flames of a searing trade war. "Tariffs increase the cost of our USA operations, divert our resources and disadvantage Apple foreign competitors", the company said. "We...

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  • Freeland, Lighthizer return to NAFTA table today as new deadline looms
Freeland, Lighthizer return to NAFTA table today as new deadline looms

Canada's top NAFTA negotiator Chrystia Freeland , the foreign affairs minister, will return to Washington on Wednesday for a second week of talks over staying in a revamped pact. The North American vehicle industry is a sum of parts made and assembled in Mexico, the US and Canada. Trudeau on Wednesday insisted that Canada would work to maintain...

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  • China says its looking into e-commerce billionaire's US arrest
China says its looking into e-commerce billionaire's US arrest

Reuters has not been able to reach Liu for comment. A spokesman for the Minneapolis police department said that Mr Liu was released "pending formal complaint". The 45-year-old businessman was released from jail on Saturday afternoon pending possible criminal charges, the Atlanta Journal Constitution reports.

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  • US, Mexico moving to sign FTA, with Canada not behind
US, Mexico moving to sign FTA, with Canada not behind

That comment repeated a threat from the president earlier in the week to forge ahead with a bilateral trade agreement with Mexico that would leave out Canada, which he on Friday again accused of " ripping us off ". "We have also been negotiating with Canada throughout this year-long process". "Right now, the US has the negotiating leverage ...

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  • China offers Africa billions, 'no strings attached'
China offers Africa billions, 'no strings attached'

But Rwandan President Paul Kagame, who now chairs the African Union , said that rather than viewing the investment as a "debt trap", other countries should be asking why they're not giving Africa as much assistance as China . "China's investment in Africa comes with no political strings attached, " Xi said. "China's investment in Africa does no...

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  • President Trump cancels pay raises for federal employees set for January
President Trump cancels pay raises for federal employees set for January

Those increases would come on top of a 2.1 percent across-the-board increase for most civilian employees. Trump has touted the military pay bump, which was authorized by a giant $716 billion defense bill he signed earlier this month. The national debt - the accumulation of those budget deficits - has increased almost $1.6 trillion over the past y...

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  • Trump Organization executive Allen Weisselberg receives immunity deal
Trump Organization executive Allen Weisselberg receives immunity deal

On the recording, Mr. Cohen and Mr. Trump appeared to discuss reimbursing American Media for a payment to former Playboy model Karen McDougal , who has said she had a year-long affair with Mr. There is no indication their cooperation extends beyond the scope of the Cohen probe. Trump's account has shifted. The money covered the $130,000 ...

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  • Fed officials suggest rates likely to rise soon, worry about trade war
Fed officials suggest rates likely to rise soon, worry about trade war

USA central bankers discussed raising interest rates soon to counter excessive economic strength but also examined how global trade disputes could batter businesses and households, minutes of the Federal Reserve's last policy meeting showed on Wednesday.

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  • Getting personal: US, Turkish leaders feud over arrest
Getting personal: US, Turkish leaders feud over arrest

The US doubled tariffs on Turkish steel and aluminum imports and Turkey hit back with $533 million of tariffs on some US imports that include cars, tobacco and alcoholic drinks, with the additional warning it would boycott US electronics. The United States sanctioned Justice Minister Abdulhamit Gul and Interior Minister Suleyman Soylu, blaming both...

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  • U.S. threatens Turkey with more sanctions if it doesn’t free pastor
U.S. threatens Turkey with more sanctions if it doesn’t free pastor

The dispute over his release has seen the two North Atlantic Treaty Organisation allies impose tariffs on one another's goods. Wall Street stocks fell early on Friday as the Turkish lira fell on the latest diplomatic frictions with the United States .

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  • Turkey retaliates by raising tariffs
Turkey retaliates by raising tariffs

Washington has imposed financial sanctions on two Turkish ministers and doubled steel and aluminum tariffs on Turkey, as U.S. President Donald Trump tries to secure the release of Andrew Brunson , a 50-year-old American pastor being tried in Turkey on espionage and terrorism-related charges.

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  • Lira fall a political plot, says Erdogan
Lira fall a political plot, says Erdogan

In an interview with the newspaper Hurriyet, Treasury and Finance Minister Berat Albayrak also said the government had no plans to seize foreign currency deposits or convert deposits to the Turkish lira. Turkey and the US are now experiencing rocky relations following Washington's imposition of sanctions on Interior Minister Suleyman Soylu and Just...

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  • Scattered Protests, Heavy Security Across Iran After New Sanctions
Scattered Protests, Heavy Security Across Iran After New Sanctions

The Wall Street Journal first reported in January that after two years of routine harassment of American vessels, including instances in which the U.S. The European Union is also embroiled in a trade war with the United States. "We don't find the sanctions right either", Turkish Foreign Minister Mevlut Cavusoglu said.

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  • Despite Weak Teapot Demand, China's Oil Imports Recover In July
Despite Weak Teapot Demand, China's Oil Imports Recover In July

The 25 percent tariffs will go into effect August 23, targeting cars, crude oil, natural gas and coal. China, however, would run out of USA imports to levy, as it bought only $130 billion worth of American goods past year. Its imports from the USA rose 11.8 percent in the same period. With higher oil prices this year and the taxes they now can'...

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  • Tesla shares halted as Elon Musk tweets he'll take the firm private
Tesla shares halted as Elon Musk tweets he'll take the firm private

The post included an email from Musk to company employees in which the billionaire tech executive said going private was "the best path forward" for Tesla. The stock was halted at $366.94 per share. Tesla didn't immediately respond to a request for comment. Elon Musk said he's thinking about taking Tesla private .

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  • Harley Davidson forays into entry-level 250-500cc class motorcycles
Harley Davidson forays into entry-level 250-500cc class motorcycles

The company said LiveWire will be followed by more "twist and go" electric two-wheelers over the next few years, with lighter and smaller models already planned. And Harley Davidson is scouting for an Asian partner for its mid-capacity motorcycle foray. "The company expects to fund strategic opportunities while maintaining its current investme...

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  • Canada requests NAFTA review of USA tariffs on Canadian solar panel products
Canada requests NAFTA review of USA tariffs on Canadian solar panel products

Canada is fighting trade battles with the US on numerous fronts and getting ready for new attacks in the future. Seade said in an interview last month that he sees a deal as possible before the USA congressional election, and that the incoming president's team fundamentally agrees with the nation's current negotiating positions, reports Bloomberg.

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  • Trump offers help to farmers hit by escalating China trade war
Trump offers help to farmers hit by escalating China trade war

Trump's willingness to buck the advice of his advisors is evidence of an "increasingly defiant...trade strategy", the Post reports . WASHINGTON-President Donald Trump slammed critics of his trade policies on Wednesday, warning they are undermining his negotiating position while American farmers are being "ripped off".

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  • Trump Blasts EU's Fine on Google
Trump Blasts EU's Fine on Google

The Brussels regulator insisted the tech giant had used Android illegally to "cement its dominant position" in user searches. Having said that, the fine represents just over two weeks of revenue for Google parent company Alphabet, according to Reuters - a sum that "would scarcely dent" the company's current cash reserves of $102.9b.

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  • An all-party government would defeat the Tories, not join them
An all-party government would defeat the Tories, not join them

After bowing to pro-Brexit lawmakers in her party on Monday, the prime minister may have opened the door to their growing calls for her to ditch the Chequers plan. "If we get distracted by individual amendments to individual pieces of legislation. then I think we get dragged into an unnecessary debate that wastes a lot of time and energy", Foreig...

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  • 5 things to know about Tesla’s China plans
5 things to know about Tesla’s China plans

Former Tesla employee Martin Tripp has submitted a tip to the Securities and Exchange Commission accusing Tesla of both misleading investors and allowing potential unsafe vehicles to be sold to consumers. Panasonic would be open to working with Tesla in Shanghai , Bloomberg reported . Tripp says it didn't happen. Tesla then sued Martin Tripp,...

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  • Turkey's opposition concedes election defeat as Erdogan returns as president
Turkey's opposition concedes election defeat as Erdogan returns as president

In the parliamentary vote, with 88 per cent of ballot boxes counted, according to Anadolu, Erdogan's People's Alliance, which includes his Justice and Development Party, or AKP, and a small nationalist party, stood at 54.4 per cent, while the opposition Nation Alliance grouping together nationalists, secularists and a small Islamic-leaning party, w...

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  • 1 deputy killed, another critically hurt in shooting near Kansas courthouse
1 deputy killed, another critically hurt in shooting near Kansas courthouse

The Kansas Capitol Police tweeted their prayers to deputies who were shot. Two Wyandotte County Sheriff's Deputies have been shot in Kansas City, Kansas. He had seven years of service as an officer. The shooting happened before 11:17 a.m. Friday near the corner of 8th Street and Ann Avenue. Colón earlier said he was "very confident (the shoot...

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  • Best Twitter reactions to IHOb, the International House of Burgers
Best Twitter reactions to IHOb, the International House of Burgers

Speculation that the "b" stood for breakfast was shot down when IHOP employees began spilling the beans about the burgers . "Dear Internet, we abbreciate your batience", the company said on Monday. "Based on fan demand, there's the chance we may create more IHOb restaurants in the future". So, naturally, the store is now adding and the h...

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  • Trump criticizes Justin Trudeau, says United States won't endorse G7 statement
Trump criticizes Justin Trudeau, says United States won't endorse G7 statement

Mrs May said: "Where we disagree with our allies on something it is right that we say so and air the issue openly and frankly". But this was more an indication of how poorly Mr Trump understands the global trading system than a serious summons to the negotiating table.

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