Gadgets & Tech Headlines
USTR to accept public comment period before raising tariffs on $250 bln in Chinese imports
WASHINGTON, Aug 23 (Reuters) - The U.S. Trade Representative's office on Friday said it would hold a public comment period before raising tariffs on $250 billion in Chinese imports on Oct. 1 from 25% to 30% after China announced what the U.S. considers "unjustified tariffs."
Answering Trump, UPS, FedEx and USPS say they already fight illegal drug shipments
(Reuters) - FedEx Corp
, United Parcel Service Inc and the U.S. Postal Service said on Friday they are already working to stop traffickers from using their services after U.S. President Donald Trump ordered delivery firms to refuse packages of the powerful painkiller fentanyl from China.
Qualcomm interim CFO David Wise to retire
(Reuters) - Chipmaker Qualcomm Inc said on Friday interim Chief Financial Officer Dave Wise will retire, effective immediately, and named Akash Palkhiwala as a temporary replacement.
US STOCKS-Wall Street plunges as U.S.-China trade war intensifies
NEW YORK, Aug 23 (Reuters) - Wall Street tumbled on Friday after the U.S.-China trade war escalated in dramatic fashion, with President Donald Trump demanding that American companies seek alternatives to doing business with China after Beijing announced its own slate of retaliatory measures.
On-off trade tariffs wreak havoc on U.S. company planning
CHICAGO, Aug 23 (Reuters) - Win Cramer thought his company was out of the firing line in the escalating Sino-U.S. trade war after his "Made-in-China" wireless headphones, speakers and earbuds were taken off Washington's tariff list a year ago.
World needs to end risky reliance on U.S. dollar - BoE's Carney
JACKSON HOLE, Wyo., Aug 23 (Reuters) - Bank of England Governor Mark Carney took aim at the U.S. dollar's "destabilizing" role in the world economy on Friday and said central banks might need to join together to create their own replacement reserve currency.
App looks to get tips from coffee drinkers to Colombia growers
BOGOTA (Reuters) - An app that sends money in the form of tips from appreciative caffeine devotees around the world to coffee growers in Colombia could help farmers battered by dismal prices earn more income, the initiative's founder said.
U.S. trade group says 'unrealistic' for American retailers to exit China
WASHINGTON, Aug 23 (Reuters) - The U.S. National Retail Federation (NRF) said on Friday it is "unrealistic" for American retailers to move out of China, the world's second-largest economy, as 95% of the world's consumers live outside the United States. "Our presence in China allows us to reach Chinese customers and develop overseas markets," NRF Senior Vice President for Government Relations David French said in a statement.
UPDATE 3-Trump presses U.S. companies to close China operations
WASHINGTON, Aug 23 (Reuters) - President Donald Trump said on Friday he was ordering U.S. companies to look at ways to close their operations in China and make more of their products in the United States instead, sending U.S. markets down sharply in a new rhetorical strike at Beijing as trade tensions mounted.
U.S. Chamber of Commerce rejects Trump call on business with China
WASHINGTON, Aug 23 (Reuters) - The U.S. Chamber of Commerce rebuffed President Donald Trump's call Friday that U.S. businesses begin immediately looking for alternatives for operations in China after China said it was imposing new retaliatory tariffs.
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