US, China putting trade war on hold, Treasury's Mnuchin says
WASHINGTON: The U.S. trade war with China is "on hold" after the world's largest economies agreed to drop their tariff threats while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday.
KUALA LUMPUR (June 18): Chinese business magnate Jack Ma said today he is more confident of China-Malaysia trade relations after his meeting with Prime Minister Tun Dr Mahathir Mohamad this morning.
KUALA LUMPUR (June 18): Council of Eminent Persons (CEP) member Tan Sri Dr Zeti Akhtar Aziz hoped that consumers will continue to enjoy cheaper products following the move by the government to zero-rate the Goods and Services Tax (GST).
The former Bank Negara Malaysia Governor said retailers must pass on the benefits to consumers.
She also noted that the zero-rated tax had boost spending among the people.
"That's excellent. More people have been saying that there is greater vibrancy (in economy) now and people start to spend money.
The U.S. Supreme Court on Monday agreed to take up Apple Inc's bid to escape a lawsuit accusing it of breaking federal antitrust laws by monopolizing the market for iPhone software applications and causing consumers to pay more than they should.