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US lawmakers confirm Howard Lutnick as commerce secretary
US lawmakers confirm Howard Lutnick as commerce secretary
Business and Economy
by  AFP

The US Senate voted Tuesday to confirm Wall Street billionaire Howard Lutnick as commerce secretary, a key step towards the rollout of President Donald Trump's "America First" trade policy, which uses tariffs as a broad negotiation tool. The commerce secretary has a broad agenda to implement, and negotiations with some of the United States' biggest trading partners to contend with.

China condemns US 'tariff shocks' at WTO
China condemns US 'tariff shocks' at WTO
Business and Economy
by  AFP

The sweeping tariffs threatened or already imposed by US President Donald Trump risk triggering inflation, market distortions, and even a global recession, China said Tuesday at the World Trade Organization. "These tariff shocks heighten economic uncertainty, disrupt global trade, and risk domestic inflation, market distortion, or even global recession."