For the second time in barely more than a year, an Indonesian villager has been swallowed whole by a python. Wa Tiba, 54, left her home on Muna island to visit her cornfield on Thursday night, according to the Jakarta Post. The field was about a half mile from her house, surrounded by cliffs, caves and a certain number of reticulated pythons, the longest snakes in the world.
WASHINGTON - President Donald Trump followed through Friday on his threat to crack down on China for its "very unfair" trade practices, announcing that he is imposing a 25-percent tariff on $50 billion in Chinese imports. Beijing quickly responded. In a late-night statement, China's Ministry of Commerce said it would impose trade barriers of the "same scale and the same strength." The Chinese government said Trump's tariffs were "damaging" relations and "undermining the world trade order."
WASHINGTON - President Donald Trump on Friday will announce tariffs on $50 billion of Chinese products, the latest move in his intensifying campaign to rewrite the rules of global trade. The action will come one day after Secretary of State Mike Pompeo visited Beijing for talks with Chinese leaders about the president's recent meeting with North Korean leader Kim Jong Un.
WASHINGTON - The Federal Reserve hiked America's benchmark interest rate a quarter point on Wednesday, June 13, to 1.75 to 2 percent, a move that will likely cause a slight increase in mortgage, credit card, auto and small business loan rates. This hike, which was widely expected, is the Fed's second of 2018, and the central bank signaled it is likely to do two more increases by the end of this year.
President Donald Trump's heightened attacks on Canadian Prime Minister Justin Trudeau are raising concerns that he might follow through on threats to impose auto tariffs, a move that would devastate the car industry in Canada and lead to higher U.S. prices. The Trump administration's pledge to consider tariffs on all imported vehicles took on more urgency last weekend after Trump and his advisers accused Trudeau of "bad faith diplomacy" for his trade comments following a meeting of Group of Seven leaders in Quebec.
A swarm of immigration agents arrested more than 100 workers at an Ohio gardening and landscaping company Tuesday morning, one of the largest of several recent workplace raids carried out as part of the Trump administration's crackdown on immigration enforcement. About 200 federal officers raided two locations of Corso's Flower and Garden Center - one in the Sandusky, on the shoreline of Lake Erie, and another in nearby Castalia, U.S. Immigration and Customs Enforcement told the Associated Press.
Even as Donald Trump tweets his support for U.S. agriculture, farmer loyalty for the president looks like it's starting to waver over moves that may undermine corn-based ethanol and escalate trade disputes with countries that import American crops.
Mexico will begin to tax a range of U.S. products in retaliation for tariffs on Mexican steel and aluminum that President Donald Trump announced last week. The country will slap tariffs of 25 percent on certain cheese products, steel and Tennessee whiskey while imposing taxes of 20 percent on pork, apples and potatoes, according to a resolution published in the Official Gazette early Tuesday.
China has offered to buy close to $70 billion in U.S. agriculture and energy products in the first year of a package meant to ward off U.S. tariffs, a person briefed on the talks said. The offer was made in talks in Beijing over the weekend with Commerce Secretary Wilbur Ross, part of sensitive trade negotiations that could force President Donald Trump to make a tough decision about accepting this proposal or pushing for more concessions.
WASHINGTON - President Donald Trump wants to end the three-party talks to renegotiate the North American Free Trade Agreement, aiming instead to deal separately with Canada and Mexico to restructure the trade accord, a senior adviser said Tuesday, June 5. Trump does not intend to withdraw from NAFTA, National Economic Council director Larry Kudlow said on Fox & Friends. But after more than one year of multilateral discussions, he feels the current approach hasn't been fruitful and a new one is needed, Kudlow said.