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China State Media Urges U.S. to Drop Tough Trade Stance

June 22, 2019 Focus Washington

Instead of waging a trade war with China, the United States should drop its win-at-all-costs mentality and consider the interests of its own people as well as the global community, the official People’s Daily said […]

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Businessman to Testify in Washington on Trump’s Moscow Tower

June 21, 2019 Focus Washington

Russian-born business executive Felix Sater will be interviewed by the U.S. House intelligence committee about his role in President Donald Trump’s effort to build a skyscraper in Moscow during the presidential election, the Washington Post […]

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Boeing in Тalks for Мore 737 MAX Оrders after IAG

June 20, 2019 Focus Washington

Boeing is in talks with other airlines for sales of its grounded 737 MAX after receiving a letter of intent for 200 planes from British Airways owner IAG at the Paris Airshow, its sales chief […]

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Trump and Xi to Discuss Trade at G-20 Summit in Japan

June 19, 2019 Focus Washington

President Donald Trump and Chinese President Xi Jinping agreed to meet in Japan next week, lifting financial markets and spurring hopes for a trade truce that could stave off a fresh round of tariffs, The […]

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Despite Expected Drop of $30b Huawei Will Survive, Founder Says

June 17, 2019 Focus Washington

After finishing with revenues over $100 billion for 2018, Huawei is expecting to drop $30 billion of revenue from its forecast due to the trade war with the United States, ZDNet reported. “In the next […]

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Fed to Resist Pressure of Cutting U.S. Rates This Week

June 17, 2019 Focus Washington

The U.S. Federal Reserve, facing fresh demands by President Donald Trump to cut interest rates, is expected to leave borrowing costs unchanged at a policy meeting this week but possibly lay the groundwork for a […]

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U.S. Companies Urge Trump to Resolve Trade Issues with China

June 14, 2019 Focus Washington

Walmart, Target and more than 600 other companies urged President Donald Trump in a letter on Thursday to resolve the trade dispute with China, saying tariffs hurt American businesses and consumers, Reuters reported. This letter […]

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Former Trump Trade Advisor Says no Deal with China Should Be Expected at G20

June 12, 2019 Focus Washington

Clete Willems, a former trade adviser to President Donald Trump, said in an interview Tuesday that he believes the U.S. and China will reach a deal to end their trade war but that it should […]

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United Technologies Buys Defense Giant Raytheon

June 10, 2019 Focus Washington

United Technologies agreed to buy Raytheon in an all-stock deal, forming an aerospace and defense giant with $74 billion in sales in one of the industry’s biggest transactions ever, Bloomberg reported. The new entity will […]

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Deepening Trade Tensions Pose Threat to World Economy, G-20 Claims

June 9, 2019 Focus Washington

After days of wrangling over the wording of a communique, finance chiefs from the world’s largest economies warned that escalating trade and geopolitical tensions pose the biggest risk to global growth, Bloomberg informs. Officials said […]

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U.S. Payrolls, Wages Cool as Trade War Influences Economy

June 8, 2019 Focus Washington

U.S. employers added the fewest workers in three months and wage gains cooled, suggesting broader economic weakness and boosting expectations for a Federal Reserve interest-rate cut as President Donald Trump’s trade policies weigh on growth, […]

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Uber Chiefs Leaving in Leadership Shake-Up

June 8, 2019 Focus Washington

After a tumultuous stock debut, Uber’s Chief Executive Officer Dara Khosrowshahi is parting ways with two top lieutenants in a major leadership overhaul. Barney Harford, the chief operating officer, and Rebecca Messina, the chief marketing […]

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Tesla’s China Plans Draw Criticism from State Media

June 7, 2019 Focus Washington

Chinese state media outlet The Global Times published a story headlined “Tesla’s new discount policy in Beijing draws concerns over legality on Chinese social media.” The concerns are about license plates, the Verge writes. Tesla […]

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Amid Trade War with China, U.S. Increases Imports from Other Countries

June 7, 2019 Focus Washington

President Donald Trump’s trade war with China seems to be delivering different results than what was initially expected as the Asian country remains a significant manufacturer and the U.S. is not seeing much growth in […]

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Tesla Reveals China Plans, Lower Prices

June 3, 2019 Focus Washington

Tesla will begin delivering Model 3 sedans from its newly built Gigafactory in Shanghai, China, to domestic consumers in the next six to ten months, according to the Wall Street Journal. The vehicles will be […]

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Huawei Selling Its Undersea Telecoms Cable Business

June 3, 2019 Focus Washington

Huawei is selling its undersea telecoms cable business, marking the Chinese group’s first big asset sale since the U.S. began ramping up pressure on the company amid accusations it is a national security risk, the […]

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Trump Administration Considered Slapping Australia with Tariffs

June 3, 2019 Focus Washington

The Trump administration briefly toyed last week with the idea of imposing import tariffs on Australia, eventually rejecting the notion after facing harsh opposition from military officials and the State Department, said people with knowledge […]

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Trade Negotiations with China Uncertain as Administration Turns to Mexico

June 2, 2019 Focus Washington

Trade talks between the world’s two largest economies are once again in limbo as President Donald Trump and his administration have turned their attention toward Mexico, raising the chances that a resolution to the months-long […]

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FT: Apple Fights Back as Regulatory Scrutiny Increases

May 29, 2019 Focus Washington

Apple has gone on the defensive about how it runs its App Store, as regulatory scrutiny of the iPhone’s software and services marketplace mounts on both sides of the Atlantic, Financial Times reported. Ahead of […]

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Huawei Files Legal Action to Expedite End to Its Lawsuit Against U.S.

May 29, 2019 Focus Washington

Huawei filed a motion Tuesday in an effort to hasten its legal case against the U.S. government and have the court rule in its favor. Huawei’s lawsuit against the U.S. claims the country’s law banning […]

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U.S. Refiners to Profit From Clean-Fuel Rules

May 27, 2019 Focus Washington

The oil refinery owned by PBF Energy near Delaware Bay town was mothballed nearly a decade ago – however, today it is running almost full-bore, and PBF and a business partner are spending $100 million to […]

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U.S. Trade War with China Hurts Farmers, Republican Senator Says

May 27, 2019 Focus Washington

Iowa GOP Senator Joni Ernst argued Sunday that farmers were seriously hurt by the ongoing trade war between the United States and China. “But as we have heard from our farmers, they do want us […]

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Moscow Says U.S.-China Trade War Threatens Russia

May 25, 2019 Focus Washington

Russia’s Deputy Prime Minister Maxim Akimov said on Friday that the ongoing U.S.-China trade war entail risks for the Russian economy, as it will affect the global economy, ANI news agency reports. “The U.S.-China trade […]

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U.S.-Russia Business Council Hopes Diplomacy Could Resolve Strained Relations

May 24, 2019 Focus Washington

Effects from a recent flurry of diplomacy between Moscow and Washington cannot be expected immediately but may yield results in the long run, the CEO of the U.S.-Russia Business Council Daniel Russell told pro-Kremlin news […]

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Huawei Feels U.S. Pressure in U.K., Japan

May 23, 2019 Focus Washington

The pressure on Huawei’s global business is growing as foreign partners back away from the Chinese maker of networking equipment and smartphones in the face of U.S. restrictions, Wall Street Journal informs. U.K.-based chip design […]

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Saudi Arabia Sets up Deal to Buy U.S. Natural Gas

May 22, 2019 Focus Washington

Saudi Arabia has set up a deal to purchase U.S. liquefied natural gas from Sempra Energy, a new strategic direction for Riyadh, as the country seeks to establish a footprint in the growing global market […]

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U.S. Lifts Tariffs on Aluminum from Mexico, Canada

May 18, 2019 Focus Washington

President Donald Trump decided to remove aluminum tariffs on Canada and Mexico on Friday, easing tensions slightly. The move was announced in a joint statement from the governments of Canada and the United States, which […]

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Trump Cuts Tariffs on Turkey by Half

May 17, 2019 Focus Washington

President Donald Trump said Thursday that he would return steel tariffs on Turkey to their August 2018 levels, announcing a reduction from 50 percent to 25 percent. He confirmed the tariff cut in a White […]

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Tesla’s Solar Factory is Exporting Most of Its Production

May 16, 2019 Focus Washington

The majority of solar cells being produced at Tesla’s factory in upstate New York are being sold overseas instead of being used in the company’s trademark “Solar Roof” as originally intended, according to documents reviewed […]

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Uber, Lyft Face High Driver Turnover

May 13, 2019 Focus Washington

Now that Uber and Lyft are trading on public markets, the ride-hailing companies are under pressure to achieve years of rapid growth, the Wall Street Journal reports. First they will have to figure out how […]

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