Sunday, 19 August, 2018

EU, China vow to protest multilateral economic order

China's June exports jump, surplus with US at record high US-China trade war: Beijing's trade surplus swells as exporters rush shipments before tariffs go into effect
Patty Aguilar | 19 July, 2018, 17:10

The EU also urged Beijing to level the playing field for European firms operating in China.

Furthermore, China has accused the United States of bullying and warned that the Trump administration will be hit after the proposed tariffs. Even though Trump's first tariff hike didn't take effect the current quarter, exporters say American orders started to fall off as early as April.

Chinese leaders have expressed confidence their US$12-trillion-a-year economy can survive the tariff war with U.S. President Donald Trump.

They called on both sides to shoulder common responsibilities and resist protectionism and unilateralism, respect world-acknowledged worldwide rules, draw lessons from history and avoid conflicts and upheavals.

The Trump administration has criticized the WTO as unable to deal with the problems posed by China, suggesting a challenge there might have little impact in Washington.

"There is still time to prevent conflict and chaos".

Last week, Mr Tusk lambasted the United States president's constant criticism of European allies and urged him to remember who his friends are when he meets Mr Putin. In July, Beijing responded with mirror measures after Washington imposed 25 percent tariff on $34 billion worth of Chinese goods.

Washington and Beijing have already imposed tit-for-tat tariffs on $34bn (£25.6bn) of goods but the USA raised the stakes last week by threatening to impose extra charges on another $200bn (£151bn) worth of goods.

Foreign Affairs Minister Chrystia Freeland has called Washington's metal tariffs absurd and illegal because they've been applied on the premise that Canada represents a national security threat to the U.S.

Lighthizer said that the retaliatory tariffs "appear to breach" WTO rules.

Sterling falls to 10-month low as inflation unchanged
That was largely down to the rising price of fuel, with petrol prices hitting their highest in four years in the month . The Retail Prices Index, a separate measure of inflation, was 3.4 per cent last month, up from 3.3 per cent in May.

Georges Lemaitre dedicated a Google doodle on his 124th birth anniversary
He studied physics at the University of Cambridge, Harvard University and the Massachusetts Institute of Technology (MIT). You may associate the theory of the universe expanding with Edwin Hubble as it is commonly known as Hubble's Law .

What does Avengers 4's 'definitive ending' mean for Captain America?
All the above Indian films put together couldn't able to collect what Ant-Man and the Wasp did at the Indian box-office. There are only a few clues to our disposal to figure out what Avengers 4 might be about.

A recent survey conducted by the EU Chamber of Commerce in China concluded that China is "one of the most restrictive economies in the world".

"China is not backtracking, which is China's most clever response to the trade war", said Alicia Garcia Herrero, chief Asia-Pacific economist at Natixis SA in Hong Kong. Beijing is trying to recruit support, so far in vain, from Europe, South Korea and other governments.

"There are now tariffs on over US$150bn in goods from the start of the year (US tariffs and retaliatory tariffs)".

China said on Monday that its economic growth rate had slowed slightly to 6.7 percent in the second quarter of this year, from 6.8 percent the previous quarter, and a government spokesman warned a trade conflict threatens all the affected economies.

Li welcomed European countries and EU institutions to conduct third-party cooperation with China in the CEEC to reach a win-win situation.

No such deal with the USA has been announced, although China plans to eventually scrap the joint venture rule in the automotive industry by 2022.

U.S. Treasury Secretary Steven Mnuchin (C) and the U.S. delegation for trade talks with China, leave a hotel in Beijing, China May 3, 2018. The executive said no.

Tusk was speaking Monday in Beijing at the opening of a summit between China and the European Union.

For China, however, a prolonged trade war is bad both politically as well as economically.

In a meeting later with Chinese President Xi Jinping, Juncker said "multilateralism is under attack, an attack unprecedented since the end of World War II".

Recommended

Man dies after eating bad oyster in Florida Man dies after eating bad oyster in Florida A 71-year-old man from Sarasota County, Florida died from a bacterial infection he got after eating a bad oyster. The county did not have any vibrio cases past year but there were confirmed cases and one death in 2016.

Pacquiao back home after title win against Matthysse Pacquiao back home after title win against Matthysse Mayweather came out on top when the duo fought back in 2015 in what proved to be one of the most lucrative clashes of all-time. Mikee Romero, 2nd right, and AirAsia boss Tony Fernandes, 2nd left, during the victory party Sunday in Kuala Lumpur.

Trump asks North Atlantic Treaty Organisation allies to double military spending target to 4% Trump asks North Atlantic Treaty Organisation  allies to double military spending target to 4% I think they agree with me on immigration. "I don't even know if it is a good measure and fits our collective security", he said . So I can't confirm this news. "You can not ignore Trump, he will find a way to make himself heard".

WTO credibility, survival at risk from trade war WTO credibility, survival at risk from trade war The Mexican government said in a statement that it will look at the USA request with the goal of answering it in the next 10 days. China announced it filed a World Trade Organization challenge Monday to U.S.

Out of hospital, Thai boys recount moment they were found in cave Out of hospital, Thai boys recount moment they were found in cave The 12 Thai boys and their soccer coach who spent more than two weeks stuck in a cave headed home from the hospital today. Towards the end of their introduction to the world the Wild Boars were asked what they wanted to be when they grew up.

Shark attacks target children at popular NY beaches Shark attacks target children at popular NY  beaches Ian Levine, chief of the Ocean Beach fire department, said only ten cases of shark bites have been reported of New York State. Although his daughter was able to walk after the attack, she was also taken to an area hospital.

'Oddball' among 12 new moons discovered around Jupiter 'Oddball' among 12 new moons discovered around Jupiter The lost moons were initially sighted in 2003, but scientists could not define their exact orbits and lost track of them. The small moon rotates at the distance of the retrograde moons, but it's traveling in the other direction.

Facebook boss Mark Zuckerberg in Holocaust denial dispute Facebook boss Mark Zuckerberg in Holocaust denial dispute Swisher asked Zuckerberg to discuss Facebook's "fake news" policy, which does not remove falsehoods but demotes them. Zuckerberg said offensive content isn't necessarily banned unless it is to organize harm or attack someone.

Facebook's Content Moderation is Under Fire in Undercover Report Facebook's Content Moderation is Under Fire in Undercover Report A reporter for Channel 4's Dispatches went undercover in Facebook's largest center for United Kingdom moderation, CPL Resources. Creating a safe environment where people from all over the world can share and connect is core to Facebook's long-term success.

Heat Wave Issued For Greater Vancouver Region, Sunshine Predicted For 14 Days Heat Wave Issued For Greater Vancouver Region, Sunshine Predicted For 14 Days Heat illness can cause swelling, rash, cramps, fainting, heat exhaustion, heat stroke and worsen certain health conditions. Environment Canada has also issued warnings for parts of the Sunshine Coast and Vancouver Island, including Victoria.

Danica Patrick Roasts LeBron James, J.R. Smith In 2018 ESPYs Monologue Danica Patrick Roasts LeBron James, J.R. Smith In 2018 ESPYs Monologue The Packers host the Bears in the season opener on September 9 at Lambeau Field. Former Cowboys quarterback Tony Romo took home the top prize.

President mourns death of secret service agent President mourns death of secret service agent President Donald Trump took time out of his schedule Wednesday to honor Secret Service special agent Nole Remagen. Agent Remagen, who Vice President Pence called "a courageous American", leaves behind his wife and two children.

Ex-FBI chief Comey urges voters to support Democrats in fall Ex-FBI chief Comey urges voters to support Democrats in fall During that tour, Comey declared the Republican Party "left me" and stated he no longer wanted to be associated with the GOP . Comey's message was retweeted almost 40,000 times as of Wednesday afternoon and liked almost 115,000 times.

Cyclist ignores bridge warning barriers and falls into gap of drawbridge Cyclist ignores bridge warning barriers and falls into gap of drawbridge The woman rides through the open gap between the warning gates, nearly crashing, before falling into the opening bridge gap. Considering how badly this could have turned out for her, a few scratches and bruises to her face must feel like a trifle.

Iran sues USA over reimposed nuclear sanctions Iran sues USA  over reimposed nuclear sanctions His comments appeared to be trying to ease local concerns fueled by Trump's decision to withdraw from the nuclear deal with Iran. The Associated Press was not provided access to the new details of the Mossad operation.