Month: June 2019

This article originated in VOA’s Persian Service. WASHINGTON —The World Bank says Iran is likely to experience an even worse recession this year than previously thought, as U.S. sanctions largely choke off oil exports that have been Tehran’s main revenue source. In its latest Global…

Vietnam is likely to make concessions to the United States so it can escape a U.S. watch list of possible currency manipulators and head off a hit to its fast-growing economy led by exchange rate-sensitive exports, analysts who follow the country say. The Southeast Asian…

The U.S. Commerce Department on Tuesday recommended urgent steps to boost domestic production of rare earths and other critical minerals, warning that a halt in Chinese or Russian exports could cause "significant shocks" in global supply chains. The report includes 61 specific recommendations — including…

The U.S. Internal Revenue Service is auditing Uber Technologies's taxes for 2013 and 2014 and the ride-hailing company expects unrecognized tax benefits to be reduced within the next year by at least $141 million. In its full quarterly report on Tuesday, Uber said various state…

Michael Bowman contributed to this report. Mexico warned Monday that President Donald Trump's threatened new tariff on its exports to the United States would hurt both countries' economies and cause even more Central American migrants to travel through Mexico to reach the United States. At…

U.S. and Mexican officials warn that raising tariffs on Mexican goods to get Mexico to stem the influx of Central American migrants on the way to the U.S. border would hurt the economics of both countries. U.S. President Donald Trump has threatened to apply tariffs…

The United States is again calling on European allies to be careful of what it says are security risks posed by Chinese telecommunication company Huawei, as countries build out their 5G networks. "We've been clear: our ask is that our allies and our partners and our…

Mexican President Andres Manuel Lopez Obrador reiterated on Sunday the need for oil independence as his government said it would tender six construction contracts in June for a planned oil refinery in the southern state of Tabasco. Tensions between Mexico and the United States have…

Joyce Huang contributed to this report. China says Washington bears the “sole and entire responsibility” for the breakdown in trade talks earlier this month and that Beijing won't back down on matters of principle. In a defiant rebuttal of who is to blame, China released…

The Trump administration had taken steps in recent weeks to work with Democratic and Republican lawmakers to address concerns about the proposed United States-Mexico-Canada trade agreement — and then came the threat of a new tariff. President Donald Trump said this past week that he…

VOA News Center associate producer Jesusemen Oni contributed reporting from Washington.  Mexico's president suggested Saturday that his country could clamp down on migration, and he said he thought the United States was ready to discuss its threatened use of tariffs as a means to combat illegal migration from Central…