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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.
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.
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.
Given China's threats to halt rare earth exports to the U.S., a processing plant in Malaysia stands to remain a critical source for some of those elements -- so long as the operator can address environmental concerns.
U.S. President Donald Trump has said he would "soon" have a phone call with Chinese President Xi Jinping and added that face-to-face negotiations are set to resume next month, the Financial Times reported Aug. 15.
The European Central Bank (ECB) will announce a new stimulus package at its monetary policy meeting next month, Finnish central bank head Olli Rehn told the Wall Street Journal in an interview on Aug. 15.