Economic policy

Japanese Prime Minister Shinzo Abe, center, European Commission President Jean-Claude Juncker, left, and European Council President Donald Tusk, right, smile after their joint press conference of Japan-EU summit at Abe's official residence in Tokyo Tuesday, July 17, 2018. (AP Photo/Koji Sasahara, Pool)
July 17, 2018 - 5:33 pm
BRUSSELS (AP) — After a week of the worst barrage of insults yet from U.S. President Donald Trump, the European Union is looking westward toward the White House less and less. Making it worse, Trump spent Monday cozying up to EU adversary Vladimir Putin in an extraordinary chummy summit with the...
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Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on 'The Semiannual Monetary Policy Report to the Congress', at Capitol Hill in Washington on Tuesday, July 17, 2018. (AP Photo/Jose Luis Magana)
July 17, 2018 - 4:22 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell told lawmakers Tuesday that strong economic growth will keep the central bank on a path to gradually raise interest rates. But he noted that President Donald Trump's get-tough trade policies run the risk of dampening future growth if they...
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FILE - In this Dec. 13, 2016, file photo, the logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange. Goldman Sachs reports earnings Tuesday, July 17, 2018. (AP Photo/Richard Drew, File)
July 17, 2018 - 3:14 pm
NEW YORK (AP) — Another Wall Street veteran of the financial crisis is stepping aside: Lloyd Blankfein is retiring as CEO of Goldman Sachs after 12 years at the helm of the storied investment bank. Blankfein will give way to David Solomon, a long-time Goldman executive who has been considered...
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In this April 11, 2018, photo, production workers stack newspapers onto a cart at the Janesville Gazette Printing & Distribution plant in Janesville, Wis. Members of Congress are warning that newspapers in their home states are in danger of cutting coverage or going out of business if the United States maintains recently imposed tariffs on Canadian newsprint. (Angela Major/The Janesville Gazette via AP)
July 17, 2018 - 12:45 pm
WASHINGTON (AP) — About a dozen members of Congress warned Tuesday that newspapers in their home states are in danger of cutting coverage, laying off workers or going out of business if the United States maintains recently imposed tariffs on Canadian newsprint. The Trump administration ordered the...
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Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on 'The Semiannual Monetary Policy Report to the Congress', at Capitol Hill in Washington on Tuesday, July 17, 2018. (AP Photo/Jose Luis Magana)
July 17, 2018 - 12:01 pm
WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell's semi-annual testimony to Congress on Tuesday (all times local): ___ 11:40 a.m. Powell faced a number of questions about a tit-for-tat trade war with penalty tariffs imposed by the United States on its trading partners and...
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A man walks by an electronic stock board of a securities firm in Tokyo, Tuesday, July 17, 2018. Asian markets fell on Tuesday as mounting tensions over U.S. tariffs overshadowed data suggesting global growth was still on track. (AP Photo/Koji Sasahara)
July 17, 2018 - 7:43 am
SINGAPORE (AP) — World markets turned lower on Tuesday as investors looked ahead to Federal Reserve Chairman Jerome Powell's testimony to Congress for clues on U.S. interest rates. KEEPING SCORE: Germany's DAX shed 0.2 percent to 12,537 and the CAC 40 in France was down 0.4 percent at 5,3889. The...
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In this Nov. 20, 2014, file photo, bottles of Beaujolais Nouveau wine are displayed in a wine store at Issy Les Moulineaux, outskirts of Paris. The European Union and Japan are signing a widespread trade deal Tuesday, July 17, 2018, that will eliminate nearly all tariffs, seemingly defying the worries about trade tensions set off by U.S. President Donald Trump's policies. Prices of European wine and pork will fall for Japanese consumers. (AP Photo/Francois Mori, File)
July 17, 2018 - 6:50 am
TOKYO (AP) — The European Union and Japan signed a landmark deal on Tuesday that will eliminate nearly all tariffs on products they trade. The ambitious pact signed in Tokyo runs counter to President Donald Trump's moves to hike tariffs on imports from many U.S. trading partners. It covers a third...
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A man walks by an electronic stock board of a securities firm in Tokyo, Tuesday, July 17, 2018. Asian markets fell on Tuesday as mounting tensions over U.S. tariffs overshadowed data suggesting global growth was still on track. (AP Photo/Koji Sasahara)
July 16, 2018 - 11:26 pm
SINGAPORE (AP) — Asian markets fell on Tuesday as mounting tensions over U.S. tariffs overshadowed data suggesting global growth was still on track. KEEPING SCORE: South Korea's Kospi lost 0.2 percent to 2,297.64 and Hong Kong's Hang Seng lost 1.0 percent to 28,247.53 in morning trading. The...
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FILE - In this May 21, 2018, file photo, Treasury Secretary Steve Mnuchin talks with reporters about trade with China outside of the White House in Washington. Countries and businesses that continue to import Iranian oil could avoid penalties by making “significant reductions” as Washington re-imposes sanctions on Tehran later this year, according to top U.S. officials. “We want people to reduce oil purchases to zero, but in certain cases if people can’t do that overnight, we’ll consider exemptions,” Mnuchin told journalists as he and Secretary of State Mike Pompeo returned to the U.S. from Mexico late last week. (AP Photo/Evan Vucci, File)
July 16, 2018 - 5:25 pm
WASHINGTON (AP) — Countries and businesses that continue to import Iranian oil could avoid penalties by making "significant reductions" as Washington re-imposes sanctions on Tehran later this year, according to top U.S. officials. "We want people to reduce oil purchases to zero, but in certain...
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In this July 13, 2018, photo, Chinese made children shoes carrying a Chinese map and U.S. flags are on display for a sale at a shop in Beijing. China announced it filled a World Trade Organization challenge Monday, July 16, 2018, to U.S. President Donald Trump's proposal for a tariff hike on $200 billion of Chinese goods, reacting swiftly amid deepening concern about the economic impact of their spiraling technology dispute. (AP Photo/Andy Wong)
July 16, 2018 - 5:05 pm
WASHINGTON (AP) — The Trump administration on Monday brought cases against China, the European Union, Canada, Mexico and Turkey at the World Trade Organization for retaliating against American tariffs on imported steel and aluminum. The United States has imposed tariffs of 25 percent on steel and...
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