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May 14, 2024 8:34 PM

China strongly opposes U.S. tariff hikes, pledging measures to defend rights

China strongly opposed the United States' tariff hikes, its commerce ministry said on Tuesday, vowing it will take resolute measures to defend its rights and interests. "U.S. raising Section 301 tariffs violates President Biden's commitment to 'not seek to suppress and contain China's development' and 'not to seek to decouple and break links with China'," said a statement by the ministry, adding the move will "seriously affect the atmosphere of bilateral cooperation." U.S. President Joe Biden ...

May 8, 2024 4:38 PM

Biden to unveil $3.3 billion Microsoft AI investment in battleground Wisconsin

President Joe Biden will visit the political battleground state of Wisconsin on Wednesday to announce plans by Microsoft Corp to build a $3.3 billion high-tech data center that will create thousands of jobs, the White House said. The Microsoft facility in Racine County, in southeastern Wisconsin, will be built on the same land where Taiwan electronics manufacturer Foxconn had planned to build a $10 billion factory that former President Donald Trump once called "the eighth wonder of the world," ...

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