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| September 23, 2018

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U.S. Archives -

Small U.S. businesses say Trump’s new tariffs will make it harder for them to compete

September 23, 2018 |

Andre Phillips says he has no choice but to raise prices by as much as 10%.

Phillips, a manager at Wyckes Furniture Outlet in San Diego, says manufacturers began notifying him two weeks ago that they would begin charging him 5% to 10% more on everyday goods like dining chairs and bookcases beginning…

L.A. Times – Business

China Cancels Trade Talks With U.S. Amid Escalation in Tariff Threats

September 22, 2018 |

China scotched trade talks with the U.S. that were planned for the coming days, according to people briefed on the matter, further dimming prospects for resolving a trade battle between the world’s two largest economies. What’s News Asia

U.S. Probes Drugmakers Over Free Services

September 21, 2018 |

Federal prosecutors are probing whether big drugmakers including Sanofi, Gilead Sciences and Biogen potentially violated laws by providing free services to doctors and patients. US Business

U.S. Congressman on Chinese Leader’s Trade Promises: ‘Talk Is Cheap’

September 21, 2018 |

At a hastily arranged news conference during a World Economic Forum meeting in China, a pair of U.S. lawmakers vigorously defended President Trump’s policies and took issue with remarks made by Chinese Premier Li Keqiang. What’s News Asia

Bringing iPhone Assembly to U.S. Would Be a Hollow Victory for Trump

September 20, 2018 |

If Apple moved smartphone production to the U.S. to avoid the president’s tariffs, it could do more harm than good, Greg Ip writes. What’s News Asia

China Retaliates With Tariffs on $60 Billion of U.S. Goods

September 20, 2018 |

The Chinese government said Tuesday it plans to impose new tariffs on $ 60 billion in U.S. exports, prompting President Trump to reiterate a threat to punch back by hitting Chinese goods worth more than four times that much. What’s News Asia

Tesla faces U.S. criminal investigation over Elon Musk statements, sources say

September 18, 2018 |

Tesla Inc. is under investigation by the Justice Department over public statements made by the company and Chief Executive Elon Musk, according to two people familiar with the matter. The criminal probe is running alongside a previously reported civil inquiry by securities regulators.

Federal prosecutors…

L.A. Times – Business

A Twist in the U.S. Tariff Battle: ‘It’s Helping China Be More Competitive’

September 18, 2018 |

China for years has been pushing its economy away from inexpensive exports toward advanced factories and products. That process is now accelerating in the Pearl River Delta, the country’s manufacturing center, as companies respond to the economic blow of U.S. tariffs. What’s News Asia

U.S., China Ramp Up Trade Threats, Imperiling Negotiation Efforts

September 17, 2018 |

President Trump’s economic conflict with China is set to escalate this week, as the administration plans to unveil fresh tariffs on $ 200 billion in Chinese products entering the U.S. and Beijing debates new ways to retaliate. What’s News Asia

New York sues U.S., saying it’s ‘reckless folly’ to let online lenders have national bank charters

September 17, 2018 |

New York has sued the United States over a decision to allow financial technology companies to apply for special national banking charters, saying the move is “lawless” and “ill-conceived” and will destabilize financial markets that are more effectively regulated by the state.

Maria Vullo, superintendent…

L.A. Times – Business