Tag Archives: US

US, China agree to halt new trade tariffs

new trade

MNA Business Desk: US President Donald Trump and his Chinese counterpart Xi Jinping have agreed to halt new trade tariffs for 90 days to allow for talks, the US says. The two men met in Buenos Aires after the G20 summit for their first talks since a trade war erupted this year. China says they agreed not to impose any new trade tariffs after 1 January. At the summit earlier on Saturday, the G20 leaders agreed a joint declaration that notes divisions over trade but does not criticise protectionism. Ahead of the G20, Mr Trump had told US media he ...

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New US envoy Earl Miller reaches Dhaka

Earl Miller

MNA National Desk: New US Ambassador-designate Earl Miller has arrived in Dhaka on Sunday. Miller earlier served as ambassador to Botswana from 2014 to 2018. He is a career member of the US Senior Foreign Service and joined the Department of State in 1987, the embassy said. He served previously as consul general at the US Consulate General in Johannesburg, South Africa, from 2011 to 2014. Ambassador Miller also served in Washington, San Francisco, Miami and Boston and at US embassies in El Salvador, Malaysia, Indonesia, Iraq, and India. The US senate confirmed his appointment on Oct 11.

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US sanctions loom over Iran’s oil sector

oil sector

MNA Business Desk: Thousands of Iranians chanting “Death to America” rallied on Sunday to mark the anniversary of the seizure of the US Embassy during the 1979 Islamic Revolution and the imminent re-imposition of US sanctions on Iran’s oil sector. Students attending the government-organised rally in the capital Tehran, broadcast live by state television, burned the Stars and Stripes, an effigy of Uncle Sam and pictures of President Donald Trump outside the former embassy compound. Hardline students stormed the embassy on Nov 4, 1979, soon after the fall of the US-backed shah, and 52 Americans were held hostage there for ...

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US to exit INF treaty, citing Russian violations: Trump

Treaty

MNA International Desk: President Donald Trump said on Saturday the United States will exit the Cold-War era Intermediate-Range Nuclear Forces Treaty that eliminated a class of nuclear weapons, in a move that is likely to upset Russia, reported news agency. The INF treaty, negotiated by then-President Ronald Reagan and Soviet leader Mikhail Gorbachev and ratified by the US Senate in 1988, required elimination of short-range and intermediate-range nuclear and conventional missiles by both countries. “Russia has not, unfortunately, honoured the agreement so we’re going to terminate the agreement and we’re going to pull out,” Trump told reporters after a rally ...

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US again most competitive economy: WEF

economy

MNA Business Desk: The US economy sits atop of the World Economic Forum’s annual global competitiveness survey for the first time since the 2007-2009 financial crisis, benefiting from a new ranking methodology this year, reported news agency. In its closely-watched annual Global Competitiveness Report, the WEF said the US is the country closest to the “frontier of competitiveness,” an indicator that ranks competitive productivity using a scale from zero to 100. The US beat off Singapore, Germany, Switzerland and Japan, the other top four markets, with a score of 85.6 out of 100, the report said, due to its “vibrant” ...

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Nikki Haley quits as US Ambassador to UN

Nikki Haley

MNA International Desk: Nikki Haley, the first American of Indian descent to hold a cabinet-level position in the US, resigned as Ambassador to the UN on Tuesday and said that despite speculations she was not planning to run for President in 2020. Haley sent her resignation directly to President Donald Trump, who told reporters in the Oval Office that she would be leaving the post at the end of the year after doing ‘an incredible job’, reported news agency. Joined by the former South Carolina Governor in the Oval Office, Trump invited her to come back in a different role. ...

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Trump apologises to Kavanaugh, declares him ‘proven innocent’

Kavanaugh

MNA International Desk: US Supreme Court Justice Brett Kavanaugh sought to put a bruising confirmation battle behind him on Monday at a White House ceremony in which President Donald Trump declared him innocent of sexual misconduct and apologized for the heated process. Kavanaugh, whose bid to join the top US court nearly failed after a California professor accused him of assaulting her when they were in high school, said he would enter his new job without bitterness despite a political fight that he told lawmakers had destroyed his family and his name, reported news agency. ‘The Senate confirmation process was ...

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Trump now likes Swift ’25pc less’

Taylor Swift

MNA Entertainment Desk: Taylor Swift’s decision to break her silence on politics triggered a storm on Monday, with even US president Donald Trump weighing in on the pop music star’s remarks in support of Democrats, reported news agency. Swift, 28, has notably stayed out of the US political fray in contrast to her more vocal peers, like Democratic supporters Katy Perry and Beyonce and Republican backer Kid Rock. But Swift on Sunday told her 112 million Instagram followers that she would vote for two Democrats running in Tennessee in the US congressional midterm elections on 6 Nov. “In the past ...

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Canada, US reach deal to save NAFTA

NAFTA

MNA Business Desk: The United States and Canada reached a deal on Sunday to salvage NAFTA as a trilateral pact with Mexico, beating a midnight deadline with agreements to substantially boost American access to Canada’s dairy market and protect Canada from possible US auto tariffs, reported news agency. President Donald Trump had threatened to splinter the nearly 25-year-old North American Free Trade Agreement into a bilateral pact with Mexico and tax Canadian vehicle exports to the United States if Ottawa had failed to sign on before a midnight Sunday. But Trump has approved the “framework” deal with Canada, a source ...

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US accuses Myanmar military of ‘planned and coordinated’ Rohingya atrocities

Myanmar soon

MNA International Desk: A US government investigation has found that Myanmar’s military waged a “well-planned and coordinated” campaign of mass killings, gang rapes and other atrocities against the Southeast Asian nation’s Rohingya Muslim minority. The US State Department report, which was released on Monday, could be used to justify further US sanctions or other punitive measures against Myanmar authorities, reported news agency. But it stopped short of describing the crackdown as genocide or crimes against humanity, an issue that other US officials said was the subject of fierce internal debate that delayed the report’s rollout for nearly a month. The ...

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Beijing to reject trade talks if Washington imposes tariffs

trade talks

MNA Business Desk: The Chinese government may decline to participate in proposed trade talks with the United States later this month if the Trump administration moves forward with additional tariffs on imported Chinese goods, reported news agency. The US had proposed the talks, but at the same time moved forward with planning additional tariffs on some $200 billion of Chinese products. The report quoted one senior Chinese official saying the country would not negotiate “with a gun pointed to its head.” Other officials who advise the country’s leaders are suggesting China impose limits on the sale of parts and supplies ...

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Florence plows inland, leaving 5 dead

Florence

MNA International Desk: Five people were killed as hurricane Florence mauls the United States East Coast, knocking out power for hundreds of thousands of homes and downing trees. Though Florence’s shrieking winds diminished from hurricane force as it came ashore, forecasters said the sheer size of the 350-mile-wide storm and its painfully slow progress across North and South Carolina in the coming days could leave much of the region under water. The dead included a mother and baby who were killed when a tree fell on their home in Wilmington, North Carolina. The child’s injured father was taken to a ...

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Bangladesh denied duty-free market facilities by US

denied

MNA Business Desk: Bangladesh has again been denied re-admittance to the US trading privilege known as the Generalised System of Preferences (GSP), with Washington citing ongoing concerns over the pace of labour market reforms since the Rana Plaza tragedy. Even though the two countries renewed their economic ties during the fourth meeting of the Trade and Investment Cooperation Forum Agreement (TICFAdenied) in Washington, DC, on Thursday, there was no obvious change in the US stance on Bangladesh and the GSP. The US trade program is designed to promote economic growth in the developing world by providing preferential duty-free entry for ...

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US, Canada making progress on NAFTA talks

address

MNA Business Desk: Canada’s Foreign Minister Chrystia Freeland on Wednesday said the US and Canada are making “good progress” on the revision of the continental free trade deal but talks will continue to resolve remaining issues. As the neighbors try to salvage the North American Free Trade Agreement as a three-country deal, Prime Minister Justin Trudeau warned he would stand firm on key issues as he questioned Donald Trump’s respect for trade rules, reports news agency. Amid the charged political atmosphere, dogged by Trump’s repeated threats to leave Canada out of the revised NAFTA, Freeland said she believes “a deal ...

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US-EU negotiate to skip trade clash

trade

MNA Business Desk: The United States President Donald Trump on Wednesday said that US has agreed to work towards lowering trade barriers with the European Union. Trump made this comment after a meeting with European Commission chief Jean-Claude Juncker. The two would work for zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto goods, he said. They also agreed to increase trade in services and agriculture, including greater US soy bean exports to the EU, reported news agency. The agreements come amid heightened tensions between the US and EU. The two leaders defused what had threatened to become a ...

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Demi Lovato awake after suspected overdose

Demi Lovato

MNA Entertainment Desk: US pop singer Demi Lovato, who has spoken openly about her history of drug and alcohol abuse, is awake after she was taken to a Los Angeles hospital on Tuesday suffering from a suspected overdose, according to media reports. Lovato, 25, a Grammy-nominated recording artist, was “okay and stable, reported People magazine, quoting an unidentified source. “Demi is awake and with her family who want to express thanks to everyone for the love, prayers, and support,” Lovato’s representative told entertainment magazine in a statement. Representatives for Lovato did not respond to a request for comment. Entertainment news ...

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BRICS leaders meet as US trade war looms

BRICS

MNA Business Desk: Leaders of the BRICS emerging economies-Brazil, Russia, India, China and South Africa-will gather in Johannesburg on Wednesday for a three-day meeting focused on the threat of a US-led global trade war. US president Donald Trump’s hardening stance has compounded fears of an all-out trade war after he slapped levies on goods from China worth tens of billions of dollars and imposed tariffs on other international imports. China’s president Xi Jinping, Russian president Vladimir Putin, Indian prime minister Narendra Modi and Brazilian president Michel Temer will attend the annual summit, along with several African leaders invited as guests. ...

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US quits UN human rights body

Human Rights

MNA International Desk: The United States withdrew from a “hypocritical and self-serving” United Nations Human Rights Council on Tuesday over what it called chronic bias against Israel and a lack of reform, a move activists warned would make advancing human rights globally even more difficult. Standing with US secretary of state Mike Pompeo at the state department, US Ambassador to the United Nations Nikki Haley slammed Russia, China, Cuba and Egypt for thwarting US efforts to reform the council. She also criticized countries which shared US values and encouraged Washington to remain, but “were unwilling to seriously challenge the status ...

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G7 finance chiefs rebuke US for metal tariffs

metal

MNA Business Desk: Finance leaders of the closest US allies vented anger over the Trump administration’s metal import tariffs on Saturday, ending a three-day meeting with a stern rebuke of Washington and setting up a heated fight at a G7 summit next week in Quebec. In a rare show of division among the normally harmonious club of wealthy nations, the six other G7 member countries issued a statement asking US Treasury Secretary Steven Mnuchin to convey their “unanimous concern and disappointment” about the tariffs to President Donald Trump. The 25 percent steel and 10 percent aluminium tariffs were imposed this ...

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US-N Korea nuclear talks get underway

nuclear

MNA International Desk: High-ranking officials of the United States and North Korea met in New York late on Wednesday in the first of two days of talks about the future of Pyongyang’s nuclear weapons programme and a possible summit between US president Donald Trump and North Korean leader Kim Jung Un. US Secretary of State Mike Pompeo and Kim Yong Chol, a close aide of North Korean leader Kim Jung Un, met for about 90 minutes over dinner and exited without providing any detailed remarks to reporters waiting outside. Earlier in the day, the White House left open the possibility ...

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US for more global action over Rohingya crisis

Rohingya

MNA Exclusive Desk: The United States has indicated more action from the international community over Rohingya crisis and other areas of concerns in Myanmar in the coming days terming the situation ‘dire’. “Secretary (former) Tillerson had announced the finding of ethnic cleansing, and I believe it’s ethnic cleansing of a religious minority that’s taking place,” said Ambassador-at-Large for International Religious Freedom Sam Brownback. Recalling his visit to several refugee camps in Bangladesh about a month ago, Ambassador Brownback said, “The situation is dire. We must do more to help them, as they continue to be targeted for their faith.” The ...

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N Korea summit could still possible: Trump

summit

MNA International Desk: One day after abruptly pulling the plug on a high-stakes summit with North Korea, US president Donald Trump said Friday the meeting with Kim Jong Un could go ahead after all-and would “likely” happen on the originally scheduled date of 12 June. The summit would be an unprecedented meeting between a sitting US president and a North Korean leader, which Washington hopes will result in the full denuclearization of the reclusive state. Trump said in a tweet that “very productive talks” were ongoing with North Korea about reinstating the summit. “If it does happen, will likely remain ...

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N Korea calls Pence ‘ignorant and stupid’

Pence

MNA International Desk: North Korea called US Vice-President Mike Pence “ignorant and stupid” for his warnings over a planned summit with Donald Trump, renewing a threat to cancel as the US president said the fate of the historic talks will be decided next week, reported new sganecy. Trump is due to meet his North Korean counterpart Kim Jong Un in Singapore on 12 June for high stakes talks aimed at ridding the reclusive state of its newly acquired nuclear weapons and improving ties after decades of animosity. The summit announcement came after months of unusually cordial diplomacy between the historic ...

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China to cut auto tariffs on July 1

auto

MNA Business Desk: China announced that it would cut tariffs on auto imports from July 1, the latest sign of a thaw in trade frictions with the United States. Beijing has announced a flurry of liberalisations and reforms since coming under fire from the Trump administration and some European politicians for its protectionist policies. The planned reduction in import duties from 25 percent to 15 percent is a boon for international carmakers keen to grow sales in the world’s largest auto market but may fall short of fulfilling US President Donald Trump’s expectations that Beijing match US tariffs of 2.5 ...

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US suspends tariffs on Chinese products

temporary

MNA Business Desk: US treasury secretary Steven Mnuchin has said the US was temporarily suspending tariffs on Chinese products after an agreement was reached to reduce the bilateral trade deficit. “We are putting the trade war on hold,” Mnuchin said on Sunday in a “Fox News Sunday” television interview. “Right now, we have agreed to put the tariffs on hold while we try to execute the framework.” In recent weeks, president Donald Trump had threatened to slap tariffs on as much as $150 billion worth of Chinese imports to force changes in China’s trade practices, to which Beijing responded by ...

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Take ‘concrete steps’ on Rohingya rights: US aid chief to Myanmar

aid chief

MNA Exclusive Desk: The US government’s aid chief urged Myanmar on Sunday to take “concrete steps” to guarantee the rights of Rohingya Muslims and to show sincerity in that endeavour in order to encourage hundreds of thousands who have fled the country to return. Mark Green, administrator of the United States Agency for International Development (USAID), ended his three-day visit to Myanmar touring Rohingya and Rakhine communities in western Rakhine State, including a camp for displaced Rohingya people. Green said the refugees, whom he met during the previous leg of the trip in camps in Bangladesh, are fearful and while ...

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China-US agree to abandon trade war

abandon

MNA Business Desk: Washington and Beijing have agreed to abandon any trade war and back off from imposing tariffs on each other, reported news agency. The announcement came after high-level talks in the US capital and followed months of tensions over what president Donald Trump has blasted as an unfair commercial relationship between the two economic giants. Vice-premier Liu He, who led Chinese negotiators in Washington said: “The two sides reached a consensus, will not fight a trade war, and will stop increasing tariffs on each other,” state-run news agency Xinhua reported Sunday. Liu called the agreement a “necessity”, but ...

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