PHILADELPHIA — Steel: 50%. Copper: 50%. Cars: up to 25%. But an even bigger Trump-era levy looms: 107 % on Italian pasta. Mamma mia. It started with the U.S. Commerce Department launching what it says was a routine antidumping review, based on allegations Italian pasta makers sold product into the US at below-market prices and…
TOKYO — Toyota reported a 7% year-on-year drop in its profit for April-September on Wednesday, as President Donald Trump’s tariffs slammed Japanese automakers, but it raised its forecast for the full fiscal year. Net profit for the April-September period at Toyota Motor Corp. totaled 1.77 trillion yen ($11.5 billion), down from 1.9 trillion yen a…
KUALA LUMPUR, Malaysia (AP) — U.S. Defense Secretary Pete Hegseth on Saturday urged Southeast Asian nations to stand firm and strengthen their maritime forces to counter China’s increasingly “destabilizing” actions in the South China Sea. Speaking at a meeting in Malaysia with his counterparts from the Association of Southeast Asian Nations, Hegseth reiterated U.S. concern…
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KUALA LUMPUR, Malaysia (AP) — China signed an expanded version of a free trade agreement Tuesday with the Association of Southeast Asian Nations, with Chinese Premier Li Qiang pitching expanded economic ties with his country as an alternative to the protectionist policies of U.S. President Donald Trump. Li Qiang told an ASEAN-China summit meeting after…
TOKYO (AP) — Just days after taking office, Japan’s new leader faces a series of back-to-back foreign policy tests, with a meeting with U.S. President Donald Trump in Tokyo sandwiched between Asia-region summits in Malaysia and South Korea. Prime Minister Sanae Takaichi, with limited experience in international affairs, will have to manage Trump’s demands and…
WASHINGTON (AP) — President Donald Trump pulled out of trade talks with Canada Thursday night, furious over what he called a “fake’’ television ad from Ontario’s provincial government that quoted former U.S. President Ronald Reagan from 38 years ago criticizing tariffs — Trump’s favorite economic tool. The ad features audio excerpts from an April 25,…
The Ronald Reagan Presidential Foundation and Institute is drawing a volatile mix of blowback and praise for arguing that a Canadian government advertisement playing in U.S. markets misrepresented the 40th president’s words to blast President Donald Trump’s tariff policies. It is not clear how the California-based Reagan Foundation decided to enter the fray over the…
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BEIJING (AP) — China’s ruling Communist Party said Thursday it will focus on speeding up self-reliance in science and technology, a long-running push that has become more pronounced as the U.S. has imposed increasingly tight controls on access to semiconductors and other high-tech items. The announcement by state media came in a communique after a…