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Analysts expect to see the impact of the tariffs in the coming months, warning of a less favorable trade balance for China. The businesses that declared a "US tax" said they were revenge moves against America after President Trump imposed new tariffs on imported Chinese goods.
  • Anti-Regime Protesters in Iranian Capital Chant, 'Death to Palestine!'

    Anti-Regime Protesters in Iranian Capital Chant, 'Death to Palestine!'

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    A day before, merchants at the Aladdin and Charsou mobile phone shopping centers in central Tehran protested against the rapid depreciation of the rial by closing down their shops. "Shopkeepers in Great Bazaar of Tehran, the heart of Iran's economy, have gone on strike, closing their shops in protest at the ongoing economic crisis", Reza Khaasteh tweeted from Tehran.
  • Trump warns Harley-Davidson: 'We won't forget'

    Trump warns Harley-Davidson: 'We won't forget'

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    But now, Trump has attacked Harley-Davidson saying that the motorcycle manufacturer is using the tax row as a cover to move production overseas, warning to "fix it". "When I had Harley-Davidson officials over to the White House, I chided them about tariffs in other countries, like India , being too high. Trump added.
  • Protesters chanting, 'Set them free!' block bus of migrant kids at border

    Protesters chanting, 'Set them free!' block bus of migrant kids at border

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    While some who advocate for stricter immigration rules have argued that people are making fraudulent asylum claims or abusing the loopholes in USA immigration laws, Baron said Trump's views went way beyond those arguments. "Right now we have the dumbest and the worst". Instead, Trump has blamed the Democrats for refusing to acquiesce to his demands on immigration. To Will's point, to prevent continuing action in the wrong direction within Congress would be a preferable outcome to ...
  • Harley to shift some production overseas, Walker pushes for ending all tariffs

    Harley to shift some production overseas, Walker pushes for ending all tariffs

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    In the meantime, it's planning to increase production in worldwide plants over the next 18 months. The EU is Harley's most important market outside of the USA, accounting for 40,000 sales in 2017. In February, Harley-Davidson announced the recall of 251,000 motorcycles due to possible brake failures, a move estimated to have cost the company $25 million.
  • Supreme Court overrules 1992 sales tax decision

    Supreme Court overrules 1992 sales tax decision

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    Wayfair , overturned a 1992 Supreme Court decision that protected online vendors from sales tax obligations if the vendor did not have a physical brick and mortar store in the state. Before that, retailers didn't have to collect state sales taxes if it was shipping items to someone in a state where the business didn't have a physical presence.
  • Marijuana will be legal nationwide in Canada starting Oct. 17: Trudeau

    Marijuana will be legal nationwide in Canada starting Oct. 17: Trudeau

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    Canada's Senate has voted to legalize recreational marijuana nationally. Trudeau's government is expected to decide a date that would legalize it in early or mid-September. Trina Fraser, a cannabis business specialist at Brazeau Seller Law, said New Brunswick is almost ready to start stocking its store shelves, for example, while B.C.
  • OPEC enters meeting that could set direction of oil prices

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    That reflects a one million barrel-a-day adjustment on paper to the production cuts implemented by the Organisation of Petroleum Exporting Countries and its allies, the delegate said , asking not to be named because the information is private.
  • Cryptocurrency Exchange Bithumb Suspends Trading Amid $31 Million Hack

    Cryptocurrency Exchange Bithumb Suspends Trading Amid $31 Million Hack

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    It's fascinating how thousands of cryptocurrencies store their funds in third-party custodial wallets, which have been proved vulnerable by a series of hacks in last few years. It says that most of these exchanges have security vulnerabilities, including insufficient network isolation, an absence of monitoring systems for abnormal or suspicious activities, and inadequate cryptographic key and password security management.
  • Chinese paper says Trump administration has 'blood lust' over trade

    Chinese paper says Trump administration has 'blood lust' over trade

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    China has underestimated President Donald Trump's resolve to press ahead with tariffs unless Beijing changes its " predatory " trade practices, a top USA trade adviser said on Tuesday, in comments that undercut the chances of a negotiated settlement to a looming trade war between the world's economic superpowers.
  • U.S. and European autos stocks fall on Trump's 20% tariff threat

    U.S. and European autos stocks fall on Trump's 20% tariff threat

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    In two weeks, the U.S. is due to start taxing $US34 billion in Chinese goods. The world's most-powerful central bankers this week warned that escalating worldwide trade tensions have started damaging confidence among companies, threatening the global economic expansion.
  • Supreme Court sales tax ruling to make online shopping more expensive

    Supreme Court sales tax ruling to make online shopping more expensive

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    Bean. The Supreme Court of the US ( SCOTUS ) has just overruled 1992's Quill Corp v. Quill stated that USA states could only change sales taxes on companies with a physical presence in the state. And the state would likely see a $20 million per year revenue boost by levying such a tax, according to a Legislative Finance Committee analysis. "This ruling clears the way for a fair and level playing field where all retailers compete under the same sales tax rules whether they sell ...