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by Andrew Beatty and Jitendra Joshi Agence France-Presse DAVOS, Switzerland (AFP) – The world’s political and business elite headed Thursday into a compelling encounter with President Donald Trump as the United States bids to carve out a competitive edge in trade, taxes and currency rates. A day after appearing to cast aside decades of US support for a strong currency, Trump’s Treasury Secretary Steven Mnuchin said he was relaxed about the dollar’s short-term value, doing little to […]
NEW YORK, United States (AFP) — The US subsidiary of South Korea’s LG Electronics warned retailers on Wednesday that it will raise prices of its washing machines following import duties imposed by the Trump administration this week. It was the first concrete reaction to the trade measures announced this week that have angered US trading partners. “As a result of the trade situation, we will be initiating pricing actions,” Thomas Yoon, executive vice president of […]
by Andrew Beatty Agence France Presse WASHINGTON, United States (AFP) — President Donald Trump used the launch of his first National Security Strategy on Monday to laud the benefits of cooperation with Russia, a striking departure from the document’s more combative tone toward the Kremlin. Unveiling a text that pilloried both Russia and China as “revisionist powers” bent on rolling back American interests, Trump hailed recent counterterror cooperation between Moscow and Washington. Trump claimed that […]
NEW YORK, United States (AFP) — Harley-Davidson on Tuesday revealed gloomy sales ahead after soft results last year, due to weakness in its home market despite the ascendancy of President Donald Trump’s “America First” agenda. The chief of the iconic motorcycle brand said he hopes to turn the company’s fortunes around by drawing in new, younger, fans, and introducing dozens of new models. Net profit for 2016 fell eight percent to $692.1 million, as motorcycle […]
(REUTERS) Japan’s ambassador to the United States weighed in on the U.S. presidential election debate on Friday by arguing against the “America first” stance of Republican candidate Donald Trump and stressing the importance of the U.S.-Japan alliance. Without mentioning Trump by name, the envoy, Kenichiro Sasae, told a Washington forum Japan had come up unexpectedly in the election debate, showing that nothing could be taken for granted in terms of the long-standing alliance. “In the […]
