President Donald Trump threatened China Monday with a 50% additional tariff after the Beijing communist government imposed a 34% retaliatory tariff on U.S. imports. He made the threat in a Truth Social post: “Yesterday, China issued Retaliatory Tariffs of 34%, on top of their already record setting Tariffs, Non-Monetary Tariffs, Illegal Subsidization of companies, and […]
“I, Donald J Trump, President of the United States of America, find that underlying conditions, including a lack of reciprocity in our bilateral trade relationships, disparate tariff rates and non-tariff barriers, and U.S. trading partners’ economic policies that suppress domestic wages and consumption, as indicated by large and persistent annual U.S. goods trade deficits, constitute […]
“Jobs and factories will come roaring back into our country, and you see it happening already. We will supercharge our domestic industrial base. We will pry open foreign markets and break down trade barriers.” This was President Trump’s promise to the people of America as he goes on to set off an open trade war […]
Chinese exports look set to take a battering from an escalating tariff war with the United States, business executives and economists say. The United States has imposed tariffs of 20% on Chinese goods since President Donald Trump took office –- 10% last month and a further 10% coming into effect on March 4. “Export volume […]
Talk of tariffs combined with fears of inflation sent the U.S. stock market tumbling Monday and again on Tuesday, a day of give and take between U.S. President Donald Trump and the premier of Canada’s most populous province, Ontario’s Doug Ford, on fraught trade relations between the United States and Canada. VOA White House correspondent […]
US President Donald Trump has imposed tariffs on Canada and Mexico in a move that threatens to spark a trade war between America and its neighbours. Goods entering the US from Canada and Mexico will now be slapped with a 25% charge. Canada has announced tariffs of its own in response and Mexico has said […]
On Thursday, President Donald Trump announced that a 25% tariff on imports from Mexico and Canada will take effect on Tuesday, alongside an additional 10% tariff on Chinese goods. Trump had previously delayed these tariffs for one month after Mexico and Canada agreed to enhance border security efforts. China, however, already faces a 10% tariff […]
President-elect Donald Trump’s proposed tariffs are poised to significantly impact countries with substantial trade volumes with the United States. The primary nations affected include China, Mexico and Canada, which are among the largest U.S. trading partners. Trump has said that tariffs can help his administration pay for proposed tax cuts. But these tariffs are expected […]
The prospect of punishing new U.S. tariffs will hang over the deliberations at China’s highest-level economic meeting when the Central Economic Work Conference of the Chinese Communist Party convenes for its annual session next month. A key function of the meeting will be to set the nation’s growth target for 2025, a task made more […]
Global risks–including Chinese overcapacity–have increased, but government intervention should seek to minimize trade-offs. It is hard to exaggerate the significance of President Joe Biden’s May 14 announcement of tariff increases on a range of imports from China. The move opens a new front in the Biden administration’s China de-risking strategy. It also puts into sharp […]
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The Michelin brothers created the guide, which included information like maps, car mechanics listings, hotels and petrol stations across France to spur demand.
The guide began to award stars to fine dining restaurants in 1926.
At first, they offered just one star, the concept was expanded in 1931 to include one, two and three stars. One star establishments represent a “very good restaurant in its category”. Two honour “excellent cooking, worth a detour” and three reward “exceptional cuisine, worth a
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