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Trump raises tariffs on Chinese goods as trade war escalates

Aug. 24, 2019 12:46 PM EDT

WASHINGTON (AP) — Escalating his trade fight with China, President Donald Trump has raised retaliatory tariffs and ordered American companies to consider alternatives to doing business there. He also blamed his appointed head of the U.S. central bank, Federal Reserve Chairman Jerome Powell, for the state...

The Latest: Trump defends ordering companies to leave China

Aug. 24, 2019 12:34 AM EDT

WASHINGTON (AP) — The Latest on the escalating trade war between the U.S. and China, the world's two largest economies (all times local): 12:35 a.m. President Donald Trump is pushing back against those questioning whether he has the authority to order American companies to cut trade ties with China. Trump...

'Our bigger enemy': Trump escalates attack on Fed chief

Aug. 23, 2019 11:29 PM EDT

WASHINGTON (AP) — President Donald Trump launched a furious and highly personal Twitter attack Friday against the Federal Reserve and Chairman Jerome Powell, fuming that the Fed once more "did NOTHING!" and wondering who is "our bigger enemy" — Powell or China's leader. The outburst came after...

Feds settle with supermarket group over clean air violations

Aug. 23, 2019 2:34 PM EDT

JACKSONVILLE, Fla. (AP) — A supermarket company has agreed to reduce emissions of ozone-depleting gases from refrigeration equipment at more than 500 stores in seven southeastern states, federal authorities said Friday. The Department of Justice and the Environmental Protection Agency reached the agreement...

Trump vows response to China tariffs on $75B of US goods

Aug. 23, 2019 1:28 PM EDT

WASHINGTON (AP) — President Donald Trump declared Friday that he had "hereby ordered" American companies with operations in China "to immediately start looking for" an alternative after Beijing announced a series of retaliatory tariffs. But as markets in the U.S., Asia and Europe tumbled, the White House...

Gap's 2Q profits fall, reflecting chain still mired in slump

Aug. 22, 2019 6:53 PM EDT

NEW YORK (AP) — Gap Inc.'s fiscal second quarter profits fell 43%, dragged down by costs related to store closings and the restructuring of its business. The beleaguered San Francisco-based chain also reported comparable sales declines at its three top brands, including at Old Navy, once a bright spot. The...

Mexico fines Cancun airport $3.7 million for taxi monopoly

Aug. 22, 2019 5:45 PM EDT

MEXICO CITY (AP) — Mexico's anti-monopoly agency has fined the Cancun international airport the equivalent of about $3.7 million for not allowing more taxis to compete and lower fares for travelers. The federal competition commission said the airport improperly resisted allowing more taxis at the airport,...

Kasich, Gee group to push opioid settlement toward hospitals

Aug. 22, 2019 4:12 PM EDT

COLUMBUS, Ohio (AP) — West Virginia University President Gordon Gee and former Ohio Gov. John Kasich are creating a nonprofit that will fight to steer cash from any national opioid settlement to hospitals, rather than to local and state governments already sparring for control of the dollars. Gee and...

S. Korea cancels Japan intelligence deal amid trade dispute

Aug. 22, 2019 3:27 PM EDT

SEOUL, South Korea (AP) — South Korea said Thursday it will terminate an intelligence-sharing deal with Japan that focused on classified information about North Korea, a surprise announcement that is likely to set back U.S. efforts to bolster security cooperation with two of its most important allies in...

Businessman-art collector Leonard A. Lauder writing memoir

Aug. 22, 2019 9:03 AM EDT

NEW YORK (AP) — Leonard A. Lauder, chairman emeritus of the Estee Lauder Companies, is working on a memoir about the cosmetics company that his mother founded and he helped build into an international empire. HarperCollins Publishers announced Thursday that Lauder's book will come out next year. It's...