China

Courtesy of The Franklin Institute
Ian Bush
May 16, 2019 - 1:47 pm
PHILADELPHIA (KYW Newsradio) — It was never a matter of if Michael Rohana took the thumb from a 2,000-year-old cavalryman statue — he admitted as much. But federal prosecutors in Philadelphia aren't letting the "thumb thief" off the hook that easy. They will retry 25-year-old Rohana for stealing a...
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Walmart
David J. Phillip/AP, file
May 16, 2019 - 10:59 am
NEW YORK (AP) — Walmart warned on Thursday that higher tariffs on imports from China will mean higher prices at the low price leader. The comments came after the nation's largest retailer reported its best sale performance at its established U.S. namesake stores for the fiscal first quarter in nine...
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Donald Trump and Xi Jinping
Chip Somodevilla; Fred Dufour/Getty Images
Steve Tawa
May 13, 2019 - 3:39 pm
PHILADELPHIA (KYW Newsradio) — While it's being referred to as a "trade war," a University of Pennsylvania professor believes the core of the U.S.-China dispute revolves around competition over the future of innovation and different business models between the two countries. Minyuan Zhao, an...
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Shoppers walk by foreign fashion boutiques at the capital city's popular shopping mall in Beijing, Monday, May 13, 2019.
Andy Wong/AP Photo
May 13, 2019 - 8:51 am
BEIJING (AP) — Deepening a trade battle and sending financial markets spinning, China announced Monday it was raising tariffs on $60 billion of U.S. goods in retaliation for the latest hike in U.S. tariffs on its exports. The Finance Ministry said Monday the new penalty duties of 5% to 25% on...
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A man rubs his forehead as he monitors stock prices at a brokerage house in Beijing, Monday, May 13, 2019. Shares were mostly lower in Asia on Monday after trade talks between the U.S. and China ended Friday without an agreement.
Andy Wong/AP Photo
May 13, 2019 - 8:30 am
By Elaine Kurtenbach, AP Business Writer BANGKOK (AP) — Stock markets fell on Monday after trade talks between the U.S. and China wrapped up without an agreement, with economists warning that the escalating dispute over trade and technology would likely hurt economic growth. The CAC 40 in Paris...
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Ted S. Warren/AP Photo
May 12, 2019 - 9:10 pm
WASHINGTON (AP) — The U.S. is awaiting retaliation from China over increased tariffs, after talks in Washington ended without a deal on trade, the president's chief economic adviser said on Sunday. "The expected countermeasures have not yet materialized. We may know more today or even this evening...
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Larry Kudlow, President Donald Trump's top economic adviser, said Sunday there is a "strong possibility" Trump will meet Chinese President Xi Jinping at the G20 economic summit in Japan.
Nicolas Asfouri/Getty Images via CNN
May 12, 2019 - 12:03 pm
By Sarah Westwood, CNN (CNN) -- Larry Kudlow, President Donald Trump's top economic adviser, said Sunday there is a "strong possibility" Trump will meet Chinese President Xi Jinping at the G20 economic summit in Japan next month and said he expects China to retaliate against the US for its increase...
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President Donald Trump speaks during a event on medical billing, in the Roosevelt Room of the White House, Thursday, May 9, 2019, in Washington.
Evan Vucci/AP Photo
May 10, 2019 - 6:53 pm
By Steve Peoples and Nick Riccardi NEW YORK (AP) — His trade war already raging worldwide, President Donald Trump on Friday brandished his aggressive actions as a political weapon at home, too, casting himself as a fighter for American workers and scorning his chief Democratic rivals as weak. Trump...
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A barge pushes a container ship to the dockyard in Qingdao.
Chinatopix via AP
May 10, 2019 - 7:31 am
BEIJING (AP) — President Donald Trump's latest tariff hike on Chinese goods took effect Friday and Beijing said it would retaliate, escalating a battle over China's technology ambitions and other trade tensions. The Trump administration raised duties on $200 billion of Chinese imports to 25% from...
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United States Trade Representative Robert Lighthizer, left, and Treasury Secretary Steven Mnuchin walk on Pennsylvania Avenue back to the White House after meeting with Chinese Vice Premier Liu He for trade talks Thursday, May 9, 2019, in Washington.
Jon Elswick/AP Photo
May 09, 2019 - 11:22 pm
By Paul Wiseman and Kevin Freking WASHINGTON (AP) — U.S. and Chinese negotiators met Thursday just hours before the United States was set to raise tariffs on Chinese imports in a dramatic escalation of tensions between the world's two biggest economies. China has threatened to retaliate if...
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