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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.
The United States and the Association of Southeast Asian Nations (ASEAN) will hold their first joint military drill in the Gulf of Thailand in early September, the Nikkei Asian Review 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.
Russian President Vladimir Putin has directed the Defense Ministry and the Foreign Ministry to assess the threat level of a recent U.S. missile test and prepare measures for a "symmetric response," Tass reported Aug. 23.
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.
Australia will lend support to a U.S.-led initiative to ensure safe passage for commercial vessels through the Strait of Hormuz, Prime Minister Scott Morrison announced Aug. 20, The Japan Times reported.
Russia will form a mixed air division and an anti-aircraft missile brigade in the country's eastern military district, according to Defense Minister Sergei Shoigu, Tass reported Aug. 21. Shoigu accused the United States of attempting to expand its influence in the Asia-Pacific and undermining Russian and Chinese positions in Southeast Asia.
The Chinese government has threatened to impose sanctions against U.S. companies that participate in the sale of F-16 fighter jets to Taiwan if the United States decides to proceed with the deal, the BBC reported Aug. 21.