Tuesday, 19 March, 2019

Mnuchin: There's a risk the U.S. could get into a trade war

President Trump has said investors would have to contend with short-term'pain in order to secure the long-term benefits of a healthier economy and shrinking trade deficits Mnuchin: There's a risk the U.S. could get into a trade war
Shannon Reynolds | 07 April, 2018, 02:28

The stock market dropped sharply Friday afternoon as investors reacted to Secretary Steve Mnuchin's acknowledgement that the Trump administration's plan to slap tariffs on Chinese goods could result in an all-out trade war.

Decisions on the wide array of tariffs could take months and US officials want to use the intervening time to talk to China about the economic changes they want to see on trade front that would persuade President TrumpDonald John TrumpPruitt directed staff to approve raises for top aides: report Trump's trade rep: Threat of new tariffs "appropriate response" to China GOP senator on tariff threat: Hopefully Trump is blowing off steam because "this is nuts" MORE to halt the actions.

"Because the markets rights now believe that we are in a trade war." co-host Melissa Lee said.

He said the United States regularly communicates with China and that Washington is ready for talks.

"But on the other hand, the president is perfectly willing to defend our interests", he said.

Beijing responded within hours, sending its own $50 billion scowl but targeting a narrower range of products - including agriculture commodities like USA beef and soybeans, which are produced largely in America's Trump-country middle.

But, he added, "there is the potential of a trade war". "I'm cautiously optimistic we'll be able to work it out".

Militant killed in Pulwama
Local sources said that three militants were caught in the exchange of fire; however, two of them managed to escape. The slain Musavvir Ahmad, a Hizbul Mujahideen recruit, a resident of Delipora Pulwama was killed in the afternoon.

Salman Khan to spend Friday night in prison, details
Salman Khan's image for being charitable and an icon has been tarnished because of the controversies that have mired his life. None of the actors, who flew down to Jodhpur for the hearing, have commented on Salman's conviction till now.

Mumbai woman commuter assaulted, molested in train; accused arrested
He had allegedly borrowed a lot of money from her and then later started assaulting her, according to a Times of India report. As per reports, the coach was for the specially abled so none of the passengers could come to her rescue.

China owns almost $1.2 billion of the USA government's debts, an important bargaining chip it could play at a time when the White House's vaunted tax cuts are driving the Treasury to borrow more money. China owns nearly $1.2 trillion of USA government debt.

The US, the world's largest economy, has a trade deficit of nearly $500 billion with China, the world's second largest economy.

The treasury secretary said he wasn't concerned that China would retaliate by making it harder for the United States to finance deficits just as the administration's tax cuts increase the federal government's borrowing needs.

Earlier this week, the United States announced new tariffs on $50 billion worth of Chinese goods, claiming that China is stealing USA intellectual property. Our strategy is very clear'.

The spokesman for the Chinese Ministry of Commerce, Gao Feng, said on Friday that Beijing was ready to respond to Washington if it imposes additional tariffs on Chinese goods.

That was backed up by Trump's chief economic adviser, Larry Kudlow, who said tariff negotiations with China had not started.

"I think the president feels like if he is in charge of those negotiations, absolutely" he would win, she said.

Recommended

  • Bruce's grand slam lifts Mets past Nationals

    Bruce's grand slam lifts Mets past Nationals

    An All-Star last season for the first time, Conforto's return will be a major boost for a Mets team that is off to a strong start. It was a pretty solid return after months of rehab from surgery to fix his left shoulder after he dislocated it swinging a bat.
    Julian Edelman Addresses School Shooting Scare, Has Message For Tipster

    Julian Edelman Addresses School Shooting Scare, Has Message For Tipster

    Without Edelman's reaction to the alarming social media post, police said, it's likely they would not have known about the threat. Since the Parkland, Fla., high school shootings seven weeks ago, there have been numerous threats of violence by teens.
    Trump not to attend White House Correspondents dinner

    Trump not to attend White House Correspondents dinner

    Last year, just weeks into his administration, he announced on Twitter that he would not attend. This is the second year in a row that Trump will be skipping the WHCD dinner.
  • Amit Shah Mocks Rahul Gandhi For Celebrating BJP's Bypoll Defeats

    Amit Shah Mocks Rahul Gandhi For Celebrating BJP's Bypoll Defeats

    Though the party has not announced any Chief Ministerial candidate, it has projected Chief Minister Siddaramaiah as its face. Reports suggest that IGP Central Range B Dayananda has asked Tumakuru district Superintendent of Police to probe the matter.
    Rio Tinto plc (RIO) Shares Rating Reaffirm by JPMorgan Chase & Co

    Rio Tinto plc (RIO) Shares Rating Reaffirm by JPMorgan Chase & Co

    JPMorgan Chase set a GBX 4,200 ($58.96) target price on Rio Tinto (LON:RIO) in a report issued on Wednesday, March 28th. Wellington Group Incorporated Ltd Liability Partnership, a Massachusetts-based fund reported 1.40 million shares.

    A new Women's Amateur Golf Tournament Coming to Augusta National

    An global field of 72 women amateurs will compete before a cut is made after 36 holes with the top 30 advancing to the final day. Her now-fiancé proposed to her during one the practice rounds to make sure his family could get pictures of the event.
  • Manchester City to asses Aguero's fitness ahead of Manchester United clash

    Manchester City to asses Aguero's fitness ahead of Manchester United clash

    Guardiola had been asked a question about his rivalry with Mourinho when he turned attention to agents. Mkhitaryan played for United, alongside Pogba, until he joined Arsenal in the January transfer window.
    Menendez brothers who killed parents reunited in prison

    Menendez brothers who killed parents reunited in prison

    Erik Menendez, who was already a prisoner at Donovan, was moved this week from his unit to the one his brother is in. Lyle, 50, and Erik, 47, Menendez were placed in the same living facility at the San Diego R.J.

    Facebook says up to 2.7 million European Union users affected by leak

    The firestorm over the improper data shared has sparked calls for investigations on both sides of the Atlantic. People can do this by tapping the three dots at the top right corner of the ad and selecting "Report Ad".
  • Trump Signs Proclamation Authorizing National Guard To Southern Border

    Trump Signs Proclamation Authorizing National Guard To Southern Border

    That shooting sparked anger in the region and ended the President Bill Clinton-era military presence along the worldwide line. Stop drugs!"Trump tweeted on Thursday morning after ordering the Guard , which is a reserve military force, to the border ".
    Jay-Z Opens Up About Rift With Kanye West: 'That's My Brother'

    Jay-Z Opens Up About Rift With Kanye West: 'That's My Brother'

    Jay-Z finally admitted his transgression a year ago in a November interview with the New York Times's T Magazine. He continued that he's now proud of the man he became and the work has put in to sustain his marriage .
    Formula One: Ricciardo fastest in first free practice in Bahrain

    Formula One: Ricciardo fastest in first free practice in Bahrain

    Vettel won in Melbourne, profiting from an error by Mercedes to finish ahead of Hamilton, who was leading from pole. Briton had a tricky first session, locking his tyres and twice taking his Mercedes too wide on corners.

Augusta National to host women's tournament ahead of Masters Augusta National to host women's tournament ahead of Masters He sought treatment, and then perhaps the best therapy was being among players as an assistant captain at the Presidents Cup. "Nobody respects and appreciates what he's done for the game more than me", Mickelson told a media conference.

Facebook Now Says More Users Hit By Data Scandal Outside experts believe they could have been identity thieves, scam artists or shady data brokers assembling marketing profiles. Congress has been interested in increasing regulation on Facebook due to its size and the myriad of issues it's facing.

Think before you share! Facebook scans photos, links posted on messenger Facebook confirmed Thursday that it uses automated tools to scan Messenger chats for malware links and child porn images. Zuckerberg told Vox's Ezra Klein a story about receiving a phone call related to ethnic cleansing in Myanmar .

Facebook admits Zuckerberg wiped his old messages-which you can't do But Zuckerberg and other executives didn't use this, and instead had their permanent messages specially retracted. The Sony messages included disparaging remarks about movie stars and other people in the entertainment industry.

EU Says Facebook Confirmed Data Of 2.7 Million Europeans 'Improperly Shared' Up to 87 million people are believed to have been impacted by the Facebook data breach - with a lot of them in the United States. The latest revelation concerns one particular Facebook user, whose privacy appears to actually be a priority for the company.

Defence Ministry website hacked; 9 more sites affected Defence Ministry website hacked; 9 more sites affected The error message, apart from "Ministry of Defence" titles in English and Hindi, included a Chinese character on the error page. Alphons said a total of 22,207 Indian websites including 114 government websites were hacked during April 2017 to January 2018.

Stocks jump as trade war fears ease Stocks jump as trade war fears ease The S&P 500 industrials index.SPLRCI, down 2.7 percent, had the biggest losses among sectors, though selling was broad-based. Caterpillar, Boeing and Nike, giants with heavy exposure in China, were among the biggest losers in the index.

Incyte (INCY) Hits New 52-Week High and Low at $63.80 Incyte (INCY) Hits New 52-Week High and Low at $63.80 Therefore 21% are positive. 11 are the (NASDAQ: INCY)'s ratings reports on April 6, 2018 according to StockzIntelligence Inc. Netflix shares rose 1.21 percent while Amazon gained 1.46 percent in volatile trading, while Facebook advanced 0.46 percent.

Analysts Take on Brookdale Senior Living Inc (BKD) Analysts Take on Brookdale Senior Living Inc (BKD) Melvin Capital Management Lp decreased Visa Inc (V) stake by 43.74% reported in 2017Q4 SEC filing. (BBBY)'s stock declined 9.72%. Campbell & CO Investment Adviser LLC purchased a new stake in Brookdale Senior Living during the 3rd quarter valued at $353,000.

Irrfan Khan's 'Hindi Medium' hits the jackpot in China Irrfan Khan's 'Hindi Medium' hits the jackpot in China Talking about Hindi Medium's solid start at China box office, senior trade analyst Taran Adarsh tweeted, "Content is King". A commentary on the socio-economic fabric of the Indian society, Hindi Medium is directed by Saket Chaudhary.

Videocon loan case: CBI examines Rajiv Kochhar for second day Videocon loan case: CBI examines Rajiv Kochhar for second day Rajiv Kochhar was detained at the Mumbai airport on Thursday, as he was trying to board a flight for a South East Asian country. He was on Thursday stopped at Mumbai airport by immigration authorities around 11 am while he was about to leave for Singapore.

Surprise! Kate Hudson Is Pregnant with Baby No. 3! Surprise! Kate Hudson Is Pregnant with Baby No. 3! The "Marshall" actress announced on Instagram on Friday that she's expecting a baby girl with musician boyfriend Danny Fujikawa . "And it's too darn challenging to hide, and frankly hiding is more exhausting then just coming out with it!" she explained.

Hamilton 'won't be rushed' into new deal Hamilton 'won't be rushed' into new deal Lewis Hamilton said in Bahrain on Thursday: "They said in qualifying we think that we are power-wise equal to them. Liberty Media will "press ahead" with plans to bring in an F1 budget cap in 2021.

SEC Wins $27 Million Freeze on Proceeds From Longfin Share Sales SEC Wins $27 Million Freeze on Proceeds From Longfin Share Sales The ART is a specific type of indicator, which is capable of weighing up stock volatility in the financial markets effectively. Moving averages can help smooth out these erratic movements by removing day-to-day fluctuations and make trends easier to spot.

Pakistan Prime Minister In Kabul For Talks Pakistan Prime Minister In Kabul For Talks The former is expected to hold talks with Afghanistan Chief Executive Officer (CEO) Abdullah Abdullah and other officials. Ghani also invited Pakistan to forget the past and begins new era to bring peace in the region.