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US Secretary of the Treasury Steven Mnuchin discusses the Trump administration's tax reform proposal in the White House briefing room in Washington, US, April 26, 2017. [Photo/Agencies]

US Ambassador to the European Union Gordon Sondland on Thursday testified to House committees over their impeachment inquiry, saying he and other US diplomats were "disappointed" by President Donald Trump's directive to work with his personal lawyer Rudy Giuliani on Ukraine matters.

US President Donald Trump said the move came after "a series of aggressive behaviors by the Iranian regime in recent weeks" including shooting down a US drone.

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US officials said that the downgrade decision has been under consideration for some time and was not related to the Hanoi summit, according to the report, adding that the decision was expected to be announced by the United States and South Korea in the next few days.

US experts and former trade officials on Wednesday agreed that the recent Section 301 case against China is unhelpful and inconsistent with the obligations to the World Trade Organization (WTO).

US soybean exporters may have to pay more attention to product quality if they want to do business with the world's largest importer.

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US trade with Africa is dominated by crude petroleum exports, accounting for 90 percent of all bilateral trade.

US President Donald Trump called the Democratic People's Republic of Korea leader Kim Jong-un, whom he plans to meet in May or early June, a "very open" and "very honorable" person while continuing to strike an optimistic tone on the planned summit.

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Uganda has so far discovered over 1.5 billion barrels of commercially viable oil. Some of the oil will be refined in the oil fields while the crude will be transported to the Tanzanian seaport of Tanga, according to Uganda government plans.

US President Donald Trump will direct the US Trade Representative (USTR) on Monday to determine whether to investigate China's trade practices under Section 301 of the Trade Act of 1974, senior administration officials said Saturday.