Wednesday, 12 December, 2018

China confident on US trade pact, Trump cites Xi's 'strong signals'

A row of Fiat Chrysler Automobiles 2017 Crysler Pacifica minivan vehicles are displayed for sale at a car dealership in Moline Illinois U.S. on Saturday Gen. Keane: U.S.-China Trade Truce Is 'A Step in the Right Direction' for Trump
Laurie Berry | 07 December, 2018, 18:57

By Tuesday, the optimism had completely faded as Trump once again called out China for its trade practices.

Trump "shared his vision of all automakers producing in the United States and creating a more friendly business environment", the White House said in a statement.

The president's optimistic comments came one day after stock prices around the world plunged in response to a series of tweets he posted on Tuesday, warning a fragile accord between the two countries could crumble. Referring to himself as a "Tariff Man", Trump, in a series of tweets, deepened the murkiness surrounding the trade agreement, while members of his economic team talked down the prospects of a broad deal.

Washington and Beijing said they will try to achieve a permanent deal within the next 90 days, however the US still has significant leverage, stating that if a formal deal can't be reached then it will hike tariffs from 10 percent to 25 percent, which could roil global stock markets, stagnate global economic growth, dampen oil demand growth and possibly lead to a recession across the globe, particularly in emerging economies.

China's reticence contrasted with the parade of US officials talking about the deal on Monday, including Treasury Secretary Steven Mnuchin and White House Economic Adviser Larry Kudlow. China has imposed duties on about $110 billion in USA products.

Tariffs have proven taxing on many companies, especially those with global supply chains and suppliers in China.

According to the White House, China has agreed to buy a "very substantial" amount of agricultural, energy, industrial and other products from the USA to reduce a yawning trade gap, as well as to negotiate over Washington's assertions that Beijing steals American technology.

Trump jolted auto stocks by announcing late Sunday that a deal had been reached, following his dinner with Chinese President Xi Jinping on Saturday at the Group of 20 summit in Buenos Aires.

Kohli falls as Australia strikes put India on ropes
Paceman Mitchell Starc was one of four Australian bowlers to claim two wickets and said his team was in an excellent position. KL Rahul, who has been struggling for runs, flopped again, caught by Aaron Finch at third slip off Hazlewood for two.

The Commerce Department has circulated draft recommendations to the White House on its investigation into whether to impose tariffs of up to 25 percent on imported cars and parts on national security grounds, Reuters reported in November.

He wrote on Twitter yesterday: "President Xi and I want this deal to happen, and it probably will". Even if the tariffs are lifted now, the U.S. crop is becoming less competitive in the Chinese market as the harvest season approaches in South America.

China and the United States also agreed to continue negotiations concerning agriculture, energy, services and other sectors of the economy. Ben Sasse, a Nebraska Republican and opponent of Trump's tariff policy, criticized the president's tweets on that basis.

Daimler chairman Dieter Zetsche told reporters that additional USA investments are contingent on conditions remaining the same.

The US trade deficit with China was United States dollars 335 billion past year and many manufacturers rely on inputs from the world's number two economy, so eliminating the deficit would be an extraordinary goal.

"He and I are the only two people that can bring about massive and very positive change, on trade and far beyond, between our two great Nations".

'The actual amount of concrete progress made at this meeting appears to have been quite limited, ' Alec Phillips and other economists at Goldman Sachs wrote in a research note. "The meeting with the president was very good and very open". Trump named U.S. Trade Representative Robert Lighthizer to lead the talks with Beijing.

Recommended

Trump Mulling Former US Attorney General Barr to Replace Jeff Sessions Trump Mulling Former US Attorney General Barr to Replace Jeff Sessions Barr has already held the position of attorney general, serving under the late President George H.W. The Washington Post reported earlier Barr was the front-runner for the post .

Soyuz Rocket Successfully Docks at ISS, Met by Jubilant Astronauts Soyuz Rocket Successfully Docks at ISS, Met by Jubilant Astronauts The Canadian David Saint-Jacques, who was especially happy, sent kisses to the public that came to greet them before the launch. The report also revealed a corruption problem with an equivalent of billions of dollars "stolen" from the Russian space agency.

CNN offices in NY evacuated after bomb threat CNN offices in NY  evacuated after bomb threat The NYPD tweeted , "Around 10:35pm, a bomb threat was called into the Time Warner Center & the building was evacuated". While none of the devices had actually detonated, the Federal Bureau of Investigation said that they were not dummies.

Jose Mourinho not leaving Man Utd, insists agent Jorge Mendes Jose Mourinho not leaving Man Utd, insists agent Jorge Mendes The numbers, the stats for me are not fundamental but sometimes they give us, they support our feelings, our ideas. One of the things have noticed in England is that there are no weak games in the Premier League.

Captain Marvel learns about her true origins in the new trailer Captain Marvel learns about her true origins in the new trailer In comics, Carol heads off into space to run the Alpha Flight space station and Chewie ends up going along for the ride. According to Larson, Danvers isn't the only strong female lead in the film or in the actor's life.

Fortnite Season 7 Week 1 Challenges With Cheat Sheet World Map Fortnite Season 7 Week 1 Challenges With Cheat Sheet World Map As expected, there are new events, skins, vehicles and plenty of extra content as part of this new update that was released today. But with Creative Mode , you'll now have unlimited time to play around and you can save your creations for later.

Meghan Markle Made a Surprise Visit to King’s College London Meghan Markle Made a Surprise Visit to King’s College London The Duchess has made it her goal to boost education for women in developing countries. The Duchess has previously highlighted the importance of education.

UK's Brexit vote to go ahead on schedule UK's Brexit vote to go ahead on schedule Before the prime minister appeared at the despatch box, her government had gone down to defeat for the third time in an hour. His full advice has been published after the government was found in contempt of Parliament for not releasing it last month.

'Game of Thrones' Season 8: HBO Drops First Official Teaser 'Game of Thrones' Season 8: HBO Drops First Official Teaser In the meantime if you need a content fix and it just won't go away you can visit JOE's dedicated Game of Thrones hub right here . Cersei Lannister, however, was still safe in the south of Westeros with Jaime deserting her and riding up north.

'Medical milestone' as first baby born from womb of dead donor 'Medical milestone' as first baby born from womb of dead donor Upon encountering a suitable candidate and donor, doctors must act quickly to remove the uterus and transport it to the patient. According to researchers, neither the mother nor the child have experienced complications or abnormalities.

Trump Resort Hired Undocumented Workers 6 December 2018 Trump Resort Hired Undocumented Workers 6 December 2018 The Trump Organization, which owns the golf course, did not comment specifically on Ms.[Victorina] Morales or Ms.[Sandra] Diaz. In other respects, the women described some of the perks of employment, even earning cash tips from Trump.

Trump Will Pick Heather Nauert to Be UN Ambassador Trump Will Pick Heather Nauert to Be UN Ambassador He added: "She's excellent, she's been with us a long time, she's been a supporter for a long time, really - excellent". Nauert has kept close ties to the West Wing and is seen by the president as more inclined to defend him on the job.

Father Makes Bully Daughter Walk Eight Kilometres To School Father Makes Bully Daughter Walk Eight Kilometres To School In the video , Cox said a lot of children today feel that the things their parents do for them are a right and not a privilege. A father in Ohio, USA has made his daughter walk to school after she was suspended from the bus for bullying.

Crew confident ahead of first flight since failed Soyuz launch Crew confident ahead of first flight since failed Soyuz launch One of Canada's newest astronauts, Jenni Sidey-Gibbons, grinned broadly as the rocket carrying Saint-Jacques launched. If all goes as planned, six hours later they will dock with the space station.

Bob Dole salutes former president Bush Bob Dole salutes former president Bush President Donald Trump , a fellow Republican, planned to visit with the mourning family at Blair House, near the White House. Bush and his wife greeted the Trumps outside before everyone went in for the private, 20-minute visit.