Monday, 19 August, 2019

IMF Warns Increasing US Tariffs Could Cut China Growth Sharply

Trump Says It’s ‘Fine’ If September China Talks Are Canceled President Trump says US `not ready` to make trade deal with China
Russell Knight | 11 August, 2019, 19:55

"We'll see whether or not we keep our meeting in September", Trump told reporters at the White House before heading out for fundraisers in NY and then vacation at his New Jersey golf resort.

"We're doing very well with China", Trump said Friday.

On the latest edition of Market Week in Review, Senior Investment Strategist Paul Eitelman, and Rob Cittadini, senior director, U.S. institutional, discussed the escalating China-U.S. trade war and potential impacts to markets and economies.

"We'll see whether or not we keep our meeting in September". Trump raised the tariff on $200 billion of Chinese goods from 10 percent to 25 percent and talks broke off.

Stocks edged down on Friday after President Donald Trump suggested a planned meeting between US and Chinese officials next month may not take place.

The Commerce Department's preliminary finding comes just a week after Washington announced new punitive duties on another $300 billion in Chinese goods, meaning that starting September 1 all Chinese imports will be subject to punitive tariffs.

The IMF's views on the yuan are at odds with those of its largest shareholder, the United States, which this week declared China a "currency manipulator" after it allowed the yuan to slip below 7 to the dollar to 11-year lows.

U.S. president Donald Trump said that, while talks are progressing with Beijing, no deal has been reached for now, as the two countries attempt to resolve an ongoing trade dispute. "If the USA gives out new waivers to companies who want to do business with Huawei, this could be seen as an olive branch that may incentivize China to start buying agricultural products again", Eitelman remarked.

Cricket Australia bring in transgender policy
Cricket Australia's vision is to be a sport for all, so everyone deserves to be included. Australian internationla player Megan Schutt also backed the initiative.

Yankees take on the Blue Jays in division play
The Toronto Blue Jays will look to ride their recent momentum and win the series after a game three victory on Saturday. McGuire may have played in just eight games with the team this season, but he's well-versed in the youth movement.

Fortnite Boycott Forces Epic Into a BRUTE-al Corner
The issue is that once somebody has control of a B.R.U.T.E., they will wreak havoc with little to no opposition. There's also a stomp mechanic that crushes enemies, destroys structures, and banks precious building materials.

But there is "an terrible lot China can and should be doing" as part of that process, he said, including continuing reforms to open up more sectors of the economy, reducing impediments to trade and boosting consumption.

"I'm not ready so fast", said the sweating president as he took questions for a half-hour under an intense early August sun, notably striking - again - a much more pessimistic tone after years of promising a trade pact with Beijing.

Locke, who was appointed by President Obama and served in the post for three years, said combined with China's response, these tariffs create a double-whammy for the US consumer. "We have all the cards".

But Trump rattled financial markets Friday by saying it would be "fine" with him if talks got called off.

"We are not going to do business with Huawei".

POTUS added that if the Federal Reserve cut interest rates it would automatically bring down the USA dollar "a little bit" and make it easier for companies. It's also up 9% since Trump said in March 2018 that "trade wars are good, and easy to win".

A White House spokesperson later told Edward Lawrence of Fox News that this was only meant to apply to the federal government and that the Commerce Department will still allow USA companies to sell some technology to Huawei under special licenses.

Recommended

Apple is offering Mophie-brand AirPower alternatives Apple is offering Mophie-brand AirPower alternatives If you own a Qi-compatible device, you'll want a wireless charger that meets your needs, so we rounded up four of our favorites. They look a lot slicker than the usual, plastic affairs, with anodized aluminum casings; Mophie also opted for a USB-C port.

Nadal and Federer to face Djokovic on crisis-hit ATP Council Nadal and Federer to face Djokovic on crisis-hit ATP Council He stepped down from his post after pleading no contest to felony battery, a charge that was reduced to a misdemeanor by a judge in Los Angeles.

Trump slams The Hunt movie where elites target 'deplorables' Trump slams The Hunt movie where elites target 'deplorables' Trump was awarded a star on the Hollywood Walk of Fame in 2007 for his reality show The Apprentice . He added that the movies coming out are "actually very unsafe for our country".

Gears 5 achievements listed to celebrate it going Gold Gears 5 achievements listed to celebrate it going Gold The well-known Rod Fergusson will also be present at the expected event, representing the software house now working on Gears 5 . Gamescom 2019 kicks off next week, and those looking forward to Gears 5 just got a few more reasons to tune into the event.

Eid al-Adha 2019 Date: When is Bakrid in India 2019? Eid al-Adha 2019 Date: When is Bakrid in India 2019? This year, Eid al-Adha begins on the evening of Sunday August 11 and ends on the evening of Thursday August 15. The Eid that is held in late spring is called "Eid-al-fitr", the festival celebrated after a month of fasting.

HK protesters defy police with rallies HK protesters defy police with rallies The central government reportedly will not sit by and allow the situation to continue. Protesters discuss tactics during a standoff with police.

Most Britons Back a No Deal Exit over Delaying or Cancelling Brexit Most Britons Back a No Deal Exit over Delaying or Cancelling Brexit US President Donald Trump has said that trade between the two countries could multiply once Britain leaves the European Union and spoke to the British prime minister about a deal within days of Johnson taking office last month.

Samsung Galaxy Note 10+ coming in Aura White, with 5G support Samsung Galaxy Note 10+ coming in Aura White, with 5G support The Samsung Galaxy Tab S6 sports a 10.5-inch WQXGA Super AMOLED display with a 16:10 aspect ratio and 2560x1600 pixel resolution. Samsung Galaxy Tab 6 teaser video also hinted the next Galaxy Active 2 Smart Watch, which will be unveiled on August 5th.

Israeli Forces Attack Palestinian Worshippers in Al-Aqsa during Eid Prayer Israeli Forces Attack Palestinian Worshippers in Al-Aqsa during Eid Prayer Extremist Jewish organizations, known widely as Temple Mount groups, had called for massive raids on the Al-Aqsa during this week. Jewish tradition also maintains that Jews should avoid entering the holy site.

Everton Confirm Capture of Arsenal Winger Alex Iwobi on 5-Year Deal Everton Confirm Capture of Arsenal Winger Alex Iwobi on 5-Year Deal He came off the bench to score a consolation goal for Arsenal in the 4-1 Europa League final defeat to Chelsea in May, in what was his last appearance for the club.

Andone, Maupay strike as Brighton stun Watford 3-0 Andone, Maupay strike as Brighton stun Watford 3-0 Australian worldwide Aaron Mooy has signed for Brighton and Hove Albion from Huddersfield on loan until the end of the season. It's true the first two goals came from two individual mistakes". "I trust we will do better in the second game".

Billionaire: Epstein misappropriated ‘vast sums’ from wealth Billionaire: Epstein misappropriated ‘vast sums’ from wealth Business Insider could not immediately reach an attorney for Epstein for comment. Wexner said he is "embarrassed" and was "deceived" by Epstein.

Walmart reveals why employees removed violent video game ads Walmart reveals why employees removed violent video game ads Walmart CEO Doug McMillon also issued a note to store employees promising "thoughtful and deliberate" responses to such tragedies. Turn off or unplug any video game consoles that show a demo of violent games, specifically PlayStation and Xbox units.

Uber reports $5.2 bn loss in Q2 as growth falls Uber reports $5.2 bn loss in Q2 as growth falls Along with the hiring freeze, the moves suggest Uber is being more cautious about headcount after years of rapid growth. In an email to staff, Khosrowshahi said: "There's a general sense that while we've grown fast, we've slowed down".

Congress top leaders gather to choose Rahul Gandhi's successor Congress top leaders gather to choose Rahul Gandhi's successor Ms Gandhi would be the interim president of the party till the AICC elects a new president, general secretary (organisation) K.C. Congress leader Harish Rawat said on Saturday that Sonia Gandhi is the new interim president of the Congress party.