President Donald Trump effectively barred Huawei from the US market on Wednesday and added it to a list which would restrict US sales to the firm amid an escalating trade war with Beijing.
Under the proposed reforms, immigrants will be "required to learn English and to pass a civics exam prior to admission," Donald Trump said.
US District Judge Amit Mehta in Washington will decide whether Mazars LLP, Trump's long-time accounting firm, must comply with a House Oversight Committee subpoena seeking financial records for Trump and his company.
'Hopefully China will do us the honor of continuing to buy our great farm product, the best, but if not your Country will be making up the difference,' he wrote in post addressing US farmers directly.
The US has consistently used unilateral actions to force changes in India’s framework of policies and laws
Officials of the Trump Administration say that China backed out of a trade deal that they had negotiated over past several months involving top officials from the two countries.
Washington and Beijing are locked in a trade battle that has seen mounting tariffs, sparking fears the dispute will damage the global economy.
Expected to escalate trade war between US and China, the latest Trump move came as the Chinese Vice Premier concluded his two days of trade talks with the US team led by Lighthizer.
The United States early on May 10 increased its tariffs on $200 billion in Chinese goods to 25% from 10%, rattling financial markets already worried the 10-month trade war between the world's two largest economies could spiral out of control.
A look at the biggest stories of May 8.
Chinese Foreign Ministry spokesman Geng Shuang told a briefing on May 8 that working out disagreements over trade was a 'process of negotiation' and that China was not 'avoiding problems'.
Instead of writing "they have stolen two years of my Presidency", Trump wrote on Twitter "they have stollen"
Trump's federal tax forms from 1985 show he reported $46.1 million in losses from his main businesses, which consisted mainly of casinos, hotels and retail spaces in apartment buildings.
The US has signalled that they would like to wait on the GSP issue till the new government assumes office in India.
Although there was no doubt about the implication of higher tariffs, new research has once again made it clear that no country stands to gain from trade wars.
Congressman Michael Waltz earlier accused China of intellectual property theft.
Sakshi Batra chats with Moneycontrol Deputy Executive Editor, Gaurav Choudhary to find out how this move will affect the world economy and also the Indian economy.
Trump’s biggest objection is the growing trade imbalance. India enjoys a trade surplus with the US, which he wants reversed
US had notified in March that India did not qualify for the Generalized System of Preferences benefits under their updated eligibility criteria.
Trump on May 5 vowed to lift tariffs on $200 billion of Chinese imports to 25 percent from 10 percent by the end of this week if no trade pact is sealed between the world's two largest economies.
'The United States has been losing, for many years, 600 to 800 Billion Dollars a year on Trade. With China we lose 500 Billion Dollars. Sorry, we're not going to be doing that anymore!' Trump tweeted.
The visas, known as H-2Bs, will be granted only to returning foreign workers who have had the visa before, over the last three fiscal years.
Brent crude futures were broadly steady at $70.88 per barrel, having earlier hit its lowest since April 2 at $68.79.
Here's a roundup of the key happenings in the commodities market.