US officials said the American strategy does not aim to compete directly with China's Belt and Road Initiative, which involves dozens of countries in an estimated trillion of mostly state-led infrastructure projects linking Asia, parts of Africa and Europe, but rather to offer a more sustainable alternative by encouraging private-sector investment.
US stock opened tepidly Thursday, but in positive territory.
US stocks plunged on Thursday to the Trump administration's announcement of new tariffs on Chinese imports, and various business and trade organizations said that while they shared the administration's concern over intellectual property and trade practices in China, the tariffs could be a costly remedy.
US President Donald Trump unveils a new immigration plan in the Rose Garden of the White House on Thursday. [Photo by Zhao Huanxin/China Daily]
US Secretary of State Mike Pompeo. [Photo/Agencies]
US President Donald Trump shakes hands with DPRK leader Kim Jong-un at the Capella Hotel on Sentosa island in Singapore, June 12, 2018. [Photo/Agencies]
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US Senator Sherrod Brown, a Democrat from Ohio, said he urged Trump to call Senate Majority Leader Mitch McConnell to bring the Senate back from recess and asked Trump to pledge to sign a background-check bill.
Uber doubled down on its Washington, D.C. based grocery delivery service, expanding the number of products available to shoppers in the nation’s capital just in time for the holidays. It’s a move that puts the transportation startup on a collision course with Amazon Fresh and other players in the grocery delivery market.
US retailer Walmart Inc is looking to make further inroads in China's burgeoning retail market by expanding services to busy Chinese families through omni-channels, an expanded hypermarket network, more high-end membership stores and supermarket formats, a top official said.
US President Donald Trump says Iran "appears to be standing down" after it targeted air bases housing US forces in Iraq and the missile strikes caused no casualties when he delivered a statement on Iran at 11 am ET.