Saturday, 17 November, 2018

Trump warns he could do ‘a lot more’ on China trade

US Treasury Secretary Steven Mnuchin says the trade war with China will benefit not hinder alliesMore US Treasury Secretary Steven Mnuchin says the trade war with China will benefit not hinder alliesMore
Russell Knight | 12 October, 2018, 19:45

China's stock market has plunged this year but the trade war has also started to erode Trump's oft-touted United States stock gains, with the Dow Jones Industrial Average down more than five percent for the week.

China's vast export engine unexpectedly kicked into higher gear in September, producing a record trade surplus with the United States that could exacerbate the already-heated dispute between Beijing and Washington.

China's politically-sensitive surplus with the US was $34.13 billion in September, surpassing the record of $31.05 billion in August.

A weaker yuan CNY=CFXS, which has depreciated about 6 percent against the dollar this year, may have taken the sting out of the tariffs imposed on $250 billion of exports to the United States.

The direct impact and indirect impact of the ongoing trade frictions is "generally controllable", Customs department spokesman Li Kuiwen said Friday.

Export numbers have been buoyed by producers rushing to fill orders before American tariffs rose, but they also benefit from "robust US demand" and a weaker Chinese currency, which makes their goods cheaper overseas, said Louis Kuijs of Oxford Economics in a report.

Over the first nine months of the year, China's surplus with its largest export market totaled $225.79 billion, compared with about $196.01 billion in the same period last year.

Aborted Launch Astronauts To Go To Space Next Year: Russia
The Russian rocket, bound for the ISS, takes off from the launch pad at the Russian leased Baikonur cosmodrome , Kazakhstan . Footage then cuts from the crew to an animation, while the rocket returns to Earth in a ballistic descent mode .

Huawei Releases AI Strategy and Full-Stack, All-Scenario AI Portfolio
What happened: Huawei unveiled two artificial intelligence chips Ascend 910 and Ascend 310 on Wednesday. The core of this new offering is the Ascend family of AI chips.

Ereck Flowers release generates strong reactions from Giants fans
After being drafted with the 9th pick out of Miami the expectations were high, and he was never able to live up to those in NY . With Flowers' release, Landon Collins is now the last of the Giants' 2015 draft picks still on the roster.

"He won't be happy with these figures but it proves that tariffs don't help curb exports", Huo said.

An opportunity for talks between Trump and Chinese President Xi Jinping could come during the Group of 20 leaders' summit in Buenos Aires in late November, the Wall Street Journal reported. "Their economy has gone down very substantially and I have a lot more to do if I want to do it".

Trump's strategy amounted to "bullying", said Yu Xiang, division of American economic studies at the China Institutes of Contemporary International Relations.

"Bullying might be effective for small economic entities, but it will not be effective against a big economic power", Yu wrote in a column published Friday in the state-run China Daily.

The Chinese trade surplus with Europe was $12.7 billion.

China's record high surplus with the U.S. could add to tensions in the trade relationship between the world's two largest economies.

"I don't want to do it, but they have to come to the table", he continued.

Recommended

Here's what you need to know about the new Google Home Hub Here's what you need to know about the new Google Home Hub If you're looking for something colorful, and particularly if your home has a pastel color scheme, the Home Hub is for you. At this stage, Google hasn't spoken about using other apps for voice calling, or video calling on their Smart Displays .

McGregor suspended from UFC on medical grounds McGregor suspended from UFC on medical grounds UFC president Dana White says Conor McGregor has already called him, asking for an immediate rematch against Khabib Nurmagomedov . The Nevada Athletic Commission is withholding Nurmagomedov's US$2 million purse pending an investigation into the incident.

Liverpool and United in transfer fight for Ramsey Liverpool and United in transfer fight for Ramsey Reports suggest that Ivan Gazidis wants to take Arsenal star Aaron Ramsey to his new club, AC Milan ( via Sport Witness ). United were strongly linked with a move for Ramsey when the midfielder left Cardiff City in 2008.

Storm Callum arrives Friday Storm Callum arrives Friday Director Stephen Stewart said: "Even though power cuts are rare, during times of heavy rain and flooding they become more likely". Further strong winds may bring down leaves and branches, increasing the likelihood of flooding due to blocked drains or culverts.

Pope praises U.S. archbishop who steps down in sex abuse crisis Pope praises U.S. archbishop who steps down in sex abuse crisis In the September letter, Wuerl said a decision on his future was "essential" so that his archdiocese "can move forward". The report covered six diocese in Pennsylvania, including Pittsburgh, where Wuerl served as archbishop from 1998-2006.

Apple TV Owners Might Get Apple's Incoming Original Content For Free Apple TV Owners Might Get Apple's Incoming Original Content For Free Until recently, it had been lumped in the same speculative basket as Apple HDTVs and Apple self-driving cars. Now it appears the tech giant plans to give that content to Apple device owners for free.

Channing Tatum & Jessie J Are Dating Channing Tatum & Jessie J Are Dating And it looks like it's going well between the new couple , who were reportedly spotted on a mini-golf date earlier this month. Channing's made his intentions known and thus far, Jessie J thinks he is a very nice down-to-earth guy and a gentleman'.

Tanushree Dutta's FIR Against Nana Patekar: What Happened In 2008 Tanushree Dutta's FIR Against Nana Patekar: What Happened In 2008 Many parts of my complaint were deleted, omitted and avoided, she alleged. They are accused of sexual assault and outraging the modesty of a woman.

'Stardew Valley' sets October mobile date 'Stardew Valley' sets October mobile date In a surprise announcement , Chuckldefish and one-man developer Concerned Ape revealed a mobile port for Stardew Valley . An iOS version of the game, which is just over 311MB and will set you back $12.99 , is set for launch on October 24.

Instagram launches new tools to stop online bullying and spread kindness Instagram launches new tools to stop online bullying and spread kindness In selfie mode, hearts fill the screen; switch to the rear camera to see kind comments in various languages. Instagram is hoping to stop bullying on its platform with a little help from artificial intelligence.

Red Sox stick with David Price as a starter Red Sox stick with David Price as a starter In watching the game, it looked as if the Red Sox knew what Severino was going to throw, and when; apparently that was the case. In the ALDS Game 3 loss at Yankee Stadium, Severino was pulled with no outs in the fourth inning.

Jay Ajayi: Eagles should have run more vs. Vikes Jay Ajayi: Eagles should have run more vs. Vikes Bennett's 9-yard sack was wiped out by a personal foul call, and the half-the-distance penalty placed the ball on the Eagles' 11. Wentz picked up 15 rushing yards, while also completing 68 percent of his passes for 311 yards and two touchdowns.

INDvsWI: Kohli back, Pant picked up for first 2 ODIs INDvsWI: Kohli back, Pant picked up for first 2 ODIs In their place are Mohammed Shami , Khaleel Ahmed and Shardul Thakur form India's bowling department. Ravindra Jadeja is also expected to make it after his lion-hearted show as Axar Patel's replacement.

Cyclone Titli: Eastern India battered by deadly storm Cyclone Titli: Eastern India battered by deadly storm The students' union poll across the state scheduled for October 11 has been cancelled, Chief Secretary Aditya Prasad Padhi said. Maritime ports of: Chittagong, Cox's Bazar, Mongla, and Payra have been advised to keep local warning signal no 4 hoisted.

Africa's youngest billionaire kidnapped outside luxury hotel Africa's youngest billionaire kidnapped outside luxury hotel Dewji was abducted by two people who were foreigners at Oyster Bay in Dar es Salaam , while on his way to Colosseum Gym. Dar es Salaam regional commissioner Paul Makonda cautioned the public against speculation.