Economic policy

FILE - In this Jan. 29, 2006, file photo, a car passes in front of a Tyson Foods Inc., sign at Tyson headquarters in Springdale, Ark. China's decision to ban imports from a single Tyson Foods poultry plant because of concerns about a coronavirus outbreak there puzzled many in the meat industry and raised concerns about whether this could threaten a major market for U.S. meat. The action China's customs agency took against the Tyson plant in Springdale, Arkansas, could have major implications for the meat industry if it were expanded because dozens of beef, pork and poultry plants have had outbreaks of the coronavirus among their workers.(AP Photo/April L. Brown, File)
June 22, 2020 - 11:54 pm
OMAHA, Neb. (AP) — China's decision to ban imports from a single Tyson Foods poultry plant where there was a coronavirus outbreak has raised concerns about the implications on the U.S. meat industry if the action is expanded to other plants. Chinese customs officials didn't hint about expanding the...
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A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo March 13, 2020. Asian shares were mostly higher on Tuesday, June 23, 2020, tracking a late rally on Wall Street led by technology shares. (AP Photo/Eugene Hoshiko)
June 22, 2020 - 11:44 pm
TOKYO (AP) — Asian shares were mostly higher on Tuesday, recovering from some early losses as regional markets tracked a late rally on Wall Street led by technology shares. Japan's benchmark Nikkei 225 surged 0.8% to 22,621.84. Hong Kong's Hang Seng index jumped 0.9% to 24,728.76 and South Korea's...
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President Donald Trump exits Air Force One as he arrives at Tulsa International Airport on Saturday, June 20, 2020, in Tulsa, Okla. (AP Photo/Evan Vucci)
June 22, 2020 - 11:13 pm
WASHINGTON (AP) — President Donald Trump is tweeting that an initial trade agreement with China is still on after a top White House adviser's comments seemed to suggest it was over, spooking markets late Monday. Trump tweeted: “The China Trade Deal is fully intact. Hopefully they will continue to...
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In this July 7, 2018 file photo whiskeys distilled and bottled in the U.S. are displayed for sale in a grocery store in Beijing. American whiskey distillers have watched more than $300 million in export revenues evaporate in the two years since becoming entangled in a trade dispute between the Trump administration and the European Union, according to estimates in a new report. Exports of American whiskey — mostly bourbon, Tennessee whiskey and rye whiskey — to the EU have fallen 33% since the EU imposed a retaliatory tariff on those products on June 22, 2018, according to the report issued Monday, June 22, 2020 by the Distilled Spirits Council of the United States. (AP Photo/Mark Schiefelbein, file)
June 22, 2020 - 1:27 pm
LOUISVILLE, Ky. (AP) — American whiskey distillers have watched more than $300 million in export revenues evaporate in the two years since becoming entangled in a trade dispute between the Trump administration and the European Union, according to estimates in a new report. Exports of American...
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FILE - In this March 28, 2018, file image made from video, Michael Kovrig, an adviser with the International Crisis Group, a Brussels-based non-governmental organization, speaks during an interview in Hong Kong. China told Prime Minister Justin Trudeau on Monday, June 22, 2020 to “stop making irresponsible remarks” after he said Beijing's decision to charge two Canadians with spying was linked to his country's arrest of a Chinese tech executive. (AP Photo, File)
June 22, 2020 - 11:46 am
BEIJING (AP) — China told Prime Minister Justin Trudeau on Monday to “stop making irresponsible remarks” after he said Beijing's decision to charge two Canadians with spying was linked to his country's arrest of a Chinese tech executive. The spying charges are “completely different” from the case...
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Secretary of State Mike Pompeo speaks during a news conference at the State Department in Washington, Wednesday, June 10, 2020. (AP Photo/Andrew Harnik, Pool)
June 18, 2020 - 9:32 pm
WASHINGTON (AP) — A senior State Department official said Thursday that the United States was disappointed by China’s attitude at a meeting between Secretary of State Mike Pompeo and a top Chinese diplomat in Hawaii this week. Assistant Secretary of State for East Asia and Pacific Affairs David...
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Builders work on ascaffolding in London, Wednesday, June 17, 2020. After the easing of lockdown during the COVID-19 pandemic, most construction companies have restarted their business but official figures show that the British economy shrank by a colossal 20.4% in April, the first full month that the country was in its lockdown. (AP Photo/Frank Augstein)
June 18, 2020 - 1:55 pm
LONDON (AP) — The Bank of England unveiled another big stimulus package for the U.K. economy as it tries to limit the scale of the coronavirus recession, which it now believes will be “less severe” than it feared last month. In a statement Thursday, the bank’s policy making panel said it was...
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FILE - In this file photo dated Friday, May 1, 2020, the European Central Bank is shadowed by heavy clouds in Frankfurt, Germany. The central bank for the 19 countries that use the euro said Thursday June 18, 2020, That it has handed out more than a trillion euros in cheap loans to banks as part of its effort to get the economy through the virus outbreak. (AP Photo/Michael Probst, FILE)
June 18, 2020 - 11:30 am
FRANKFURT, Germany (AP) — The European Central Bank has handed out 1.31 trillion euros ($1.46 trillion) in long-term, ultra-cheap credit to hundreds of banks as part of its emergency support aimed at cushioning the impact of the coronavirus pandemic on businesses and workers. The three-year loans...
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U.S. Trade Representative Robert Lighthizer takes off his mask as he arrives at a Senate Finance Committee hearing on U.S. trade on Capitol Hill, Wednesday, June 17, 2020, in Washington. (AP Photo/Andrew Harnik, Pool)
June 17, 2020 - 3:42 pm
WASHINGTON (AP) — The Trump administration plans to carry on with its confrontational approach to world trade, pressuring other countries to lower their tariffs on U.S. products and perhaps making it harder for imports to enter the United States duty free. In testimony before Congress Wednesday, U...
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FILE - In this Tuesday, March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. The Federal Reserve says it will keep buying bonds, Wednesday, June 10, to maintain low borrowing rates and support the U.S. economy in the midst of a recession. And it says nearly all the Fed’s policymakers foresee no rate hike through 2022. .(AP Photo/Jacquelyn Martin, File)
June 17, 2020 - 3:01 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell stressed Wednesday that the federal government's role in strengthening the U.S. market in the face of a recession is vital in preventing a worsening of economic inequality. Powell said the the Fed would continue to deploy all its financial...
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