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US National Pork Producers Council (NPPC) posted a statement on its website the same day when Trump signed the memorandum, in which NPPC President Jim Heimerl said higher tariffs on imports from China will in turn harm US producers and undermine the rural economy.
US consumer spending fell 7.5 percent in March compared with the same period a year ago. The slowdown appears to reflect a 2 percent drop in personal income in March, the US Bureau of Economic Analysis reported Thursday.
US Secretary of Energy Rick Perry listens during a news conference after the Partnership for Transatlantic Energy Cooperation conference in Vilnius, Lithuania, Oct 7, 2019. [Photo/Agencies]
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US Congresswoman Liz Cheney of Wyoming, also the House Republican Conference chair, tweeted that the resistance to Trump's suggestion among Republicans is "overwhelming."
US tariffs against Japanese aluminum and steel remain.
US Federal Reserve Chairman Jerome Powell arrives to speak to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world's largest economy from the impact of the coronavirus, in Washington, US, March 3, 2020. [Photo/Agencies]
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US Commerce Secretary Wilbur Ross labeled China as "the most highly protectionist of the big countries" in his recent interview with the Wall Street Journal. His China-bashing rhetoric, however, was refuted by two economists with Peterson Institute For International Economics (PIIE).
US experts and former trade officials on Wednesday agreed that the recent Section 301 case against China is unhelpful and inconsistent with the obligations to the World Trade Organization (WTO).
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US attack targets multiple targets in Syria including a research center, a chemical weapon storage facility and a facility in the second target.
US software giant Oracle has begun laying off employees at its China Development Center, the 21st Century Business Herald reported on Tuesday.
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