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US business leaders are puzzled by Trump's action because it follows the recently announced US-Mexico-Canada Agreement and would complicate its ratification in Congress. Business leaders said tariffs would boost consumer prices and disrupt supply chains.
US President Bill Clinton echoed Brahm's prophecy about a rising China during his meeting with Chinese President Jiang Zemin in 1997 and in his speech on China's Trade Bill in 2000.
US low-price fashion chain Forever 21, a one-time hot destination for teen shoppers that fell victim of its own rapid expansion and changing consumer tastes, has filed for Chapter 11 bankruptcy protection.
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US President Donald Trump and European Commission President Jean-Claude Juncker reached an agreement on Wednesday to avoid a transatlantic trade war. Trump hailed it as a "new phase'' in trade relations between the two sides.
US soybeans accounted for 15 percent of imports, down 11 percentage points from last year, he added.
US voters are split on Trump's plan. About 40 percent of the some 2,000 registered voters surveyed said they support the decision while 35 percent oppose it, according to a poll on Thursday by POLITICO/Morning Consult.
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US data communications and telecoms equipment provider Motorola Solutions Inc said it is planning to establish a dedicated team in China to customize its digital two-way portable radios and services for Chinese industry customers, to improve their working efficiency.
US tech giant IBM is beefing up efforts to promote free artificial intelligence and STEM-related courses at Chinese schools, aiming to prepare more students for future technology breakthroughs.
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US President Donald Trump faces a coronavirus disease (COVID-19) response news briefing at the White House in Washington, US, July 21, 2020. [Photo/Agencies]
US senators sharply questioned regulatory officials Wednesday about the Federal Aviation Administration's reliance on Boeing's engineers to certify the safety of the new 737 MAX 8 aircraft, which was involved in two fatal crashes in the last five months.
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