Business

Donald Trump's legislation to limit Chinese investment in US

Donald Trump's legislation to limit Chinese investment in US

The legislation expands the scope of transactions reviewed by the interagency panel to address security concerns, Trump said. The president had called for wide-ranging restrictions on Chinese investment in USA companies, along with tariffs, as a way to prevent China from acquiring American-made technology.


Trump Threatens Harley-Davidson Over Plan To Shift Some Production Overseas

Trump Threatens Harley-Davidson Over Plan To Shift Some Production Overseas

The company sold 39,773 motorcycles in Europe last year and if they didn't shift production, they would lose $45 (€38.6) million this year due to the increased tariffs. "We'd like to work with the European Union to work on a level playing field". The relationship between Trump and Harley-Davidson has gone from a love affair to a bad breakup in a matter of months.


Trump Rages Against Harley Davidson Via Twitter, Casting Blame

Trump Rages Against Harley Davidson Via Twitter, Casting Blame

The US company made a decision to move production of motorcycles headed for Europe from the US after the European Union began rolling out tariffs on American imports. "I want Harley to stay in the USA, like it has been". Trump went on to tout his administration's progress on trade, claiming that other countries will soon be removing tariffs on USA goods to balance trade relationships.


China defends its USA investment record

China defends its USA investment record

Bloomberg reported that the White House is planning to take a hard line, against the advice of US Treasury Secretary Steven Mnuchin . He said markets have misunderstood the president's plans. The French PM said his country welcomes more investment from China, expressing the hope that businesses of the two countries will open new fields of cooperation with medium and small-sized enterprises playing a bigger role.


OPEC Explains Increase In Oil Production

OPEC Explains Increase In Oil Production

The Organization of the Petroleum Exporting Countries (OPEC) did not give the details of how it would split the production increase, even without giving directly the amount of oil production increase. ICE August Brent lagged slightly, settling $2.50 higher at $75.55/b. USA officials have reportedly asked supply-cutting countries to raise output by about 1 million barrels per day.