Report: Branstad's son, Eric, used Trump ties seeking business in China

As mentioned in Report: Branstad's son, Eric, used Trump ties seeking business in ChinaWilliam Petroski | Des Moines RegisterEric Branstad, the son of Terry Branstad, the U.S. ambassador to China, has been using his political ties to President Donald Trump in an effort to promote his public relations firm in China, according to the Wall Street Journal. Eric Branstad was the U.S. Commerce Department's liaison to the White House until January. Special to the RegisterThe Journal said Eric Branstad highlighted his personal relationship with Trump and his plans to open an office in China. The newspaper said Eric Branstad declined to comment when reached by email. The Des Moines Register attempted to contact Eric Branstad on Saturday and he didn't respond.

Tariff fears drag markets down as EU and Trump trade blows – business live

13:31The headquarters of the Bank of Greece in Athens. Photograph: Petros Giannakouris/APOver in Athens the Bank of Greece has released its much-awaited monetary policy report on the state of the economy following last month's key debt-relief package. The warning echoed similar concerns expressed by the International Monetary Fund last week. Accessing markets again would be "the last and decisive indication that the Greek economy had surpassed the crisis," it said. In the report, the Bank of Greece governor, Yiannis Stournaras, said he foresaw growth rates of 2% and 2.3% for this year and next.

Largest US business group attacks Trump on tariffs

As mentioned in The U.S. Chamber of Commerce, the nation's largest business group and customarily a close ally of President Donald Trump's Republican Party, is launching a campaign on Monday to oppose Trump's trade tariff policies. The new campaign, detailed first to Reuters, is an aggressive effort by the business lobbying giant. Using a state-by-state analysis, it argues that Trump is risking a global trade war that will hit the wallets of U.S. consumers. "The administration is threatening to undermine the economic progress it worked so hard to achieve," said Chamber President Tom Donohue in a statement to Reuters. Trump has implemented billions of dollars in tariffs targeted at China, Canada, Mexico, and the European Union, saying such moves are needed to offset trade imbalances.

Collected by :Dicson Walt