Economic policy

FILE - In this May 1, 2019 file photo, Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee, in Washington. Federal Reserve officials at their recent meeting believed the central bank could remain “patient” in deciding when to adjust interest rates, though some officials thought future rate hikes might still be needed. In minutes of the April 30-May 1 discussions, Fed officials note that prospects for the U.S. and global economy had been improving, while inflation had fallen farther below the Fed’s 2% target. (AP Photo/Patrick Semansky, File)
May 22, 2019 - 2:22 pm
WASHINGTON (AP) — Federal Reserve officials at their recent meeting believed the central bank could remain "patient" in deciding when to adjust interest rates, though some officials thought future rate hikes might still be needed. In minutes of the April 30-May 1 discussions released Wednesday, Fed...
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FILE - This Oct. 20, 2015 file photo shows the Scunthorpe steel plant, now owned by British Steel, in Scunthorpe, England. Britain’s government pledged Tuesday May 21, 2019 to do its utmost to support British Steel amid reports the company is facing bankruptcy. (Anna Gowthorpe/PA via AP, File)
May 22, 2019 - 8:41 am
LONDON (AP) — British Steel has been ordered into liquidation as it struggles with industry-wide troubles and Brexit, threatening 5,000 workers and another 20,000 jobs in the supply chain. The company had asked for a package of support to tackle issues related to Britain's pending departure from...
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FILE - In this Saturday, March 30, 2019, file photo, workers assemble LED lights at a factory in Yushan county in central China's Jiangxi province. China is cutting taxes on its fledgling software and integrated circuit industries to spur development in the face of U.S. export controls that threaten to handicap Chinese tech companies. (AP Photo, File)
May 22, 2019 - 6:35 am
BEIJING (AP) — China is cutting taxes on its fledgling software and integrated circuit industries as U.S. export controls threaten to handicap Chinese tech companies. The Finance Ministry's announcement Wednesday comes amid a spiraling tariff war with Washington over Chinese technology ambitions...
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In this photo taken Wednesday, May 15, 2019, customer Torre Treece, left, talks with Rad Power Bikes sales associate Becs Richards about the two electric bikes he bought at the shop in Seattle. The bicycle company said that they will absorb 100% of any tariff on their Chinese-made bicycles. (AP Photo/Elaine Thompson)
May 20, 2019 - 6:13 pm
SEATTLE (AP) — Workers at a $1.7 billion polysilicon plant in central Washington believe President Donald Trump's trade war with China may be their best chance for staying employed. Unable to compete with Chinese factories aided by government subsidies and high tariffs, REC Silicon is shutting down...
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FILE - In this June 20, 2018 file photo, Catoctin Creek Distillery whiskey is on display in a tasting room in Purcellville, Va. American whiskey producers feeling the pain from the Trump administration’s trade disputes have gotten a shot of relief with an agreement announced Friday, May 24, 2019 that will end retaliatory tariffs that Canada and Mexico slapped on whiskey and other U.S. products. (AP Photo/Steve Helber, File)
May 20, 2019 - 11:03 am
LOUISVILLE, Ky. (AP) — American whiskey producers feeling the pain from the Trump administration's trade disputes have gotten a shot of relief with an agreement that will end retaliatory tariffs that Canada and Mexico slapped on whiskey and other U.S. products. The whiskey industry hailed the...
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Cars for export and import are stored in front of containers on Thursday, May 16, 2019 at the harbor in Bremerhaven, Germany, with 2 million vehicles per annum one of the largest automobile hubs in the world. US President Donald Trump is delaying any decision to impose tariffs on car and auto-part imports for now. (AP Photo/Martin Meissner)
May 20, 2019 - 8:38 am
BRUSSELS (AP) — The European Union is rejecting claims that Europe's car exports pose a threat to the United States after U.S. Commerce Secretary Wilbur Ross ruled that imported vehicles and parts imperil national security. European Commission spokesman Margaritis Schinas said Monday that "the EU...
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People stand by an electronic stock board of a securities firm in Tokyo, Monday, May 20, 2019. Shares are mixed in Asia, with India and Australia leading gains following elections that look set to keep incumbents in office. (AP Photo/Koji Sasahara)
May 20, 2019 - 6:57 am
BANGKOK (AP) — Shares declined in Europe on Monday after a mixed day in Asia in the absence of positive updates on the trade standoff between the U.S. and China. Britain's FTSE 100 lost 0.7% at 7,297.67 while Germany's DAX declined 1.2% to 12,091.38. The CAC 40 in France shed 1.2% to 5,374.14. Wall...
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President Donald Trump speaks at the National Association of REALTORS Legislative Meetings and Trade Expo, Friday, May 17, 2019, in Washington. (AP Photo/Alex Brandon)
May 18, 2019 - 6:23 am
WASHINGTON (AP) — The Latest on President Donald Trump and U.S. trade tariffs (all times local): 4:50 p.m. Mexico's National Chamber of the Iron and Steel Industry is congratulating the country's officials on the agreement reached with the United States on ending steel and aluminum tariffs. The...
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President Donald Trump arrives at John F. Kennedy Airport Thursday, May 16, 2019, in New York. Trump is in New York for a fundraiser. (AP Photo/Evan Vucci)
May 17, 2019 - 5:14 pm
WASHINGTON (AP) — Bogged down in a sprawling trade dispute with U.S. rival China, President Donald Trump took steps Friday to ease tensions with America's allies — lifting import taxes on Canadian and Mexican steel and aluminum and delaying auto tariffs that would have hurt Japan and Europe. By...
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In this undated photograph obtained by The Associated Press, a UAV-X drone flown by Yemen's Houthi rebels is seen in Hodeida, Yemen. A Yemen rebel drone strike this week, likely by UAV-Xs, on a critical Saudi oil pipeline shows that the otherwise-peaceful sandy reaches of the Arabian Peninsula now are at risk of similar assault, including an under-construction nuclear power plant and Dubai International Airport, among the world's busiest. (AP Photo)
May 17, 2019 - 4:10 pm
NEW YORK (AP) — A rare mix of geopolitical tensions in the Middle East and China is tugging oil prices in opposite directions and creating uncertainty over where they might land. Deteriorating trade talks between the United States and China, the world's two largest economies, are posing a serious...
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