Monday, 27 May, 2019

China will "never surrender" in trade row

China defiant as Trump adviser admits US consumers pay tariffs Kudlow said China needs to agree to'very strong enforcement provisions for an eventual deal
Russell Knight | 14 May, 2019, 04:26

China's modernized and streamlined foreign direct investment law, continued steps to achieve high quality development and domestic innovation along with China's bold move to increase imports to historic levels within the framework of global Belt and Road connectivity have also been key factors behind China's robust economic condition. Trump and Xi were able to walk away from a previously threatened tariff escalation when they met at the last G20 summit in December of a year ago.

China today made good on a threat to retaliate against a sharp increase in USA import tariffs despite a warning from President Trump not to do so. He said officials might be anxious companies may shift operations out of China in response to "aggressive retaliatory actions".

Any softening in US stock prices would have an additional advantage from the White House perspective: It would add to the pressure on the Fed to cut interest rates.

It said Beijing was open to talks but would not yield on important issues of principle.

Trump has said he is in "no rush" to finalize a deal with China.

"If they weren't being seriously provoked, the Chinese people would not favor any trade war".

Other US companies with large China operations suffered big declines, including Apple, down 5.3pc, Caterpillar, down 4.3pc, Deere & Company, down 5.2pc, General Motors, down 3.2pc and Starbucks, down 2.2pc.

On Sunday, Trump sought to portray the United States as being in an advantageous position. Trump chose to increase the tariffs following what the US called China's decision to renege on key parts of a developing deal.

The tariffs are not paid by the Chinese government or by firms located in China.

The Internet Thinks That Episode Game Of Thrones Was Munted
Lena Headey previously told EW she didn't agree with the decision in the Season 8 premiere for Cersei to have sex with Euron. She's also someone who has had really close friendships and close advisors for her entire run of this show.

Coffee cup in 'Game of Thrones' scene perks up viewers
Game Of Thrones star Emilia Clarke , 32, said she tries to avoid being recognised in public so she can "lead a normal life". So I'm going to just go with, I mean, look who it's placed in front of ... " Alright, Detective Pikachu ", she told Fallon.

CJ McCollum Tweets About Defense After Beating The Nuggets In Game 7
Denver's bench extended the lead to 39-22 after the first five minutes of the second as the defense continued to get stops. Both on the ABC broadcast and on social media, the Blazers revealed that Hood had suffered a left knee hyperextension.

The announcement followed an increase of USA duties on $200 billion of Chinese imports to 25% from 10% in the increasingly bitter dispute. Among swing states - increasingly critical in presidential elections - OH saw the most significant impact.

Kudlow, when asked who was paying, said "both sides will suffer on this", contradicting Trump, although he added that the US economy should be able to cope.

U.S. Agriculture Secretary Sonny Perdue said on Friday that Trump had asked him to create a plan to help American farmers cope with the heavy impact of the U.S. ". This is a risk we should and can take without damaging our economy in any appreciable way".

No date has been set for fresh talks. but it's likely Trump would meet with Chinese President Xi Jinping during the G20 meeting in Osaka, Japan, in late June, Kudlow said.

China has announced tariff hikes on US$60 billion of USA goods in retaliation for U.S. moves.

For now, though, allowing stock prices to weaken in exchange for political momentum heading into next year's presidential election may strike the White House as a reasonable trade.

Higher U.S. tariffs will drive up the Federal Reserve's preferred measure of underlying inflation, and further escalation could raise consumer prices even more and dent U.S. growth, Goldman Sachs Group Inc. economists said in a research note.

The president insisted increases on Chinese goods don't hurt American consumers, saying there is "no reason for the U.S. Consumer to pay the Tariffs".

The additional tariff of 25pc will be levied against 2,493 goods including liquefied natural gas, soy oil, peanut oil, petrochemicals, frozen vegetables and cosmetics, the ministry said, and of 20pc on 1,078 products.

Recommended

Priest, 5 others killed in attack on Catholic church in Burkina Faso Priest, 5 others killed in attack on Catholic church in Burkina Faso Over 100,000 people in Burkina Faso have been displaced by the unrest this year, the United Nations has said. The mayor of the village, Ousmane Zongo, told Agence France-Presse the gunmen then burst into the church.

MI basketball coach John Beilein leaving for the NBA MI  basketball coach John Beilein leaving for the NBA Beilein replaces Larry Drew, who finished last season after Tyronn Lue was sacked six games into the campaign. Talks between the Cavaliers and Beilein escalated quickly over the weekend with a deal reached on Sunday.

Giuliani Cancels Trip to Ukraine; Biden's Camp Responds Giuliani Cancels Trip to Ukraine; Biden's Camp Responds One is the origin of special counsel Robert Mueller's investigation into Russian interference in the 2016 US election. Trump had told Politico earlier Friday that the trip could have been a "big situation" for the former vice president.

Doris Day Dead - Legendary Actress Passes Away at 97 Doris Day Dead - Legendary Actress Passes Away at 97 She first made it big with 1945's " Sentimental Journey ", on which she was accompanied by Les Brown and His Band of Renown. She was an icon of American life, the quintessential girl next door, and a multimedia star beyond measure.

Andy Robertson vows Liverpool will be back: 'We're not going anywhere' Andy Robertson vows Liverpool will be back: 'We're not going anywhere' Equal praise must be reserved for VVD's partners-in-crime, namely fullbacks Andrew Robertson and Trent Alexander-Arnold . The previous record was set by Javier Mascherano (15).

Cook County at high risk for measles outbreak in 2019, report says Cook County at high risk for measles outbreak in 2019, report says Medical and religious exemptions remain in place under the measure passed by the Legislature last month. The researchers say the latest spike in measles cases is due to two compounding problems.

Trump is not above the law, former U.S. attorney for SC says Trump is not above the law, former U.S.  attorney for SC says Mueller's letter was not made public until late April, when portions were leaked to The Washington Post and The New York Times . The report found that Trump had repeatedly ordered McGahn to fire Mueller, though Trump has denied making such an order.

Apple Might Abandon iPhone 6 and iPhone SE in September Apple Might Abandon iPhone 6 and iPhone SE in September Apple's line-drawing does not make a lot of sense, other than as a way to gerrymander Apple out of this and similar lawsuits'. Apple also claimed that because they don't set the retail price of the apps on the store, iPhone users can not sue them.

Real Madrid 'to confirm £86m Hazard deal after Europa League final' Real Madrid 'to confirm £86m Hazard deal after Europa League final' FOX Sports Asia probability ratings: 5/5; We have been hearing plenty about Eden Hazard and his Real Madrid links for quite some time now.

Tanker collided with oil barges, one capsized, major spill, Houston Tanker collided with oil barges, one capsized, major spill, Houston As of 2 p.m. local time on May 12, queues of 47 outbound and 48 inbound vessels were waiting to transit the channel. The Center for Toxicology and Environmental Health is monitoring the communities nearby.

Episode 5's Aaron Rodgers Cameo Revealed Episode 5's Aaron Rodgers Cameo Revealed Unfortunately for Rodgers and his fellow soldiers, he was most likely roasted by Drogon in the battle. Rodgers has been a fan of " Game of Thrones " from the beginning.

Kim Kardashian to welcome fourth child as surrogate goes into labour Kim Kardashian to welcome fourth child as surrogate goes into labour If Kendall decides to have children, we're willing to bet that Kris would include Kendall in the Mother's Day Instagram then. The couple also shares son Saint , 3, and daughters North , 5, and Chicago , 1, who was also born via surrogacy.

Launch Trailer For id Software and Avalanche Studios’ ‘RAGE 2’ Released Launch Trailer For id Software and Avalanche Studios’ ‘RAGE 2’ Released After Rage 2 drops on May 14 and you complete your first playthrough, there will still be plenty to keep you raging on and on. In addition to a mountain of new events and other goodies, August brings RAGE 2's first major expansion: Rise of the Ghosts .

PGA Championship Odds 5/13/19, Tiger Woods favored entering the week PGA Championship Odds 5/13/19, Tiger Woods favored entering the week Still, Bethpage hasn't been maybe as tough as everyone thinks. 'He certainly will not be able to scramble like he did at Augusta. For all their failure in the Ryder Cup, these Americans - all of whom played in the Ryder Cup - have destroyed at the big four.

Mexican wrestler dies in the ring during exhibition fight in London Mexican wrestler dies in the ring during exhibition fight in London El Hijo del Santo, aka Jorge Rodriguez, tweeted his "deep regret" at the death of his "partner in so many battles". The wrestler was a star in his home country and appeared alongside Jack Black in the 2005 film Nacho Libre .