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U.S. President Donald Trump said via Twitter on Aug. 23 that he has the authority to use the International Emergency Economic Powers Act of 1977 (IEEPA) as a tool against China to bar companies from doing business in the country and from purchasing Chinese goods.
Japan and the United States have agreed on a framework for a trade agreement that will reportedly leave U.S. tariffs on Japanese automotive imports in place, while Tokyo will lower its duties on beef and pork imports from the United States, Reuters reported Aug. 23.
The United States will increase tariffs on Chinese imports by five percentage points after Beijing announced retaliatory import duties on U.S. goods earlier in the day, U.S. President Donald Trump announced via Twitter on Aug. 23.
French President Emmanuel Macron has threatened to block a free trade agreement between the European Union and the Common Market of the South (Mercosur) over Brazilian President Jair Bolsonaro's poor environmental performance, Bloomberg reported Aug. 23.
Russian oil giant Rosneft has signed memorandums of understanding with Mozambique's state-owned Empresa Nacional de Hidrocarbonetos and the country's National Petroleum Institute to cooperate on the development of offshore natural gas fields, Tass reported Aug. 22.
China has threatened retaliatory tariffs on a list of U.S. products in response to Washington's new import duties on $300 billion worth of Chinese goods, Bloomberg reported Aug. 23. U.S. President Donald Trump, meanwhile, said he would respond to Beijing's new tariffs later in the day.
A transition is underway as digital currencies move slowly into the mainstream. Some case studies offer clues where the shift is headed and what threats bitcoin, Libra and other systems might pose or what benefits they might bring.
Zalmay Khalilzad, the U.S. special representative for Afghanistan reconciliation, is traveling to Qatar to resume peace talks with the Taliban and will later visit Kabul for consultations with the Afghan government, the U.S. State Department said Aug. 20.
U.S. President Donald Trump has spoken to Pakistani Prime Minister Imran Khan and Indian Prime Minister Narendra Modi in separate phone conversations, urging both leaders to exercise restraint amid renewed tensions in Kashmir, Reuters reported Aug. 19.
Japan has approved a second shipment of high-tech supplies to South Korea for Samsung's chipmaking production, Reuters reported Aug. 20, citing sources. A South Korean official confirmed the report but added that uncertainty would remain until Tokyo lifts export controls against Seoul.
The United States will grant a 90-day extension for certain U.S. businesses to work with Chinese telecommunications company Huawei, U.S. Commerce Secretary Wilbur Ross said in an interview with Fox Business on Aug. 19.
The recent killing of Taliban leader Mullah Haibatullah Akhunzada's brother will not derail ongoing peace talks with the United States, according to group officials, Reuters reported Aug. 17. Akhunzada's brother was killed in a bomb explosion near the Pakistani city of Quetta on Aug. 16.