giftedviz.com
giftedviz.com December 11, 2018


China says trade war with US will bring disaster to global economy

12 March 2018, 02:44 | Darnell Patrick

China says trade war with US will bring disaster to global economy

Chinese Commerce Minister Zhong Shan

Any trade war with the United States will only bring disaster to the world economy, Chinese Commerce Minister Zhong Shan has said, as the European Union and Japan call for exemptions from metal tariffs, an ABC News report said on Sunday.

CHINA'S commerce minister said today that Beijing and Washington are still holding economic talks as he warned that a trade war would harm both nations.

Zhong told reporters after the National People's Congress on Sunday that there would be no victor in a trade war.

Zhong added that the USA trade deficit with China is overestimated by about 20 percent, citing research by a panel tasked with investigating the discrepancy between the two nations' accounts of their trade balance. He temporarily exempted Mexico and Canada from the tariffs.

Trade tensions between the world's two biggest economies intensified last week as President Donald J. Trump signed orders for stiff tariffs on steel and aluminum and indicated more actions are potentially on the way.

Zhong said U.S. official trade deficit figures had been over-estimated by about 20 percent, and in any case would be a lot lower if the United States relaxed export restrictions on some high-tech goods.

Khloé Kardashian's extravagant baby shower is all about pink
Kardashian's fans and Twitter followers got in on the excitement, too - and they were nearly as thrilled as Kardashian herself.


Williams sisters to meet at Indian Wells after Serena outlasts Kiki Bertens
Bertens won just 55 percent of her service points, and Williams managed to convert five of her nine break-point opportunities. Elsewhere on Saturday, fourth seeded Elina Svitolina defeated Germany's Mona Barthel 6-4, 6-3.


Philippines President Duterte Should Undergo Checks: UN Rights Chief
Duterte spokesmen initially claimed he was eager for his day in Bensouda's court, but no one seriously believed that. He told Zeid, a Jordanian prince who is "not elected" unlike Duterte, to respect the Philippines' democracy.


China's trade surplus with the United States grew 13 percent year on year to 1.87 trillion yuan last year, official data showed.

USA officials have said such sales would make up only a few percent of the deficit while possibly threatening American national security.

Liu He, Chinese President Xi Jinping's top economic adviser, visited Washington earlier this month in an attempt to smooth strained ties.

The tariffs are considered to be targeted at China due to the country's production of global surpluses of steel.

China absorbed $136.3 billion in foreign investment a year ago.

The ministry will continue to control FDI, he said, while at the same time encouraging companies with strength and credibility to explore the worldwide market and improve their ability in transnational operations. "The fact that they have complaints indicates that they are still paying attention to China's development and have confidence in China's market". Specific details were not given, but Zhong pledged to give equal treatment to domestic and foreign businesses alike while continuing to curb "irrational overseas investment" from within China.



Other News

Trending Now

Providence vs. Villanova Predictions: Another Shootout for 'Cats? 3/10/18
And I'm confident, I think Marcus would agree with me, that we're very comfortable with Mitch taking that shot in that situation. It was not to be however, as a Cartwright floater from the left elbow clanked harmlessly up off the rim and fell to the court.

Cenk Tosun and Bong scores as Everton beats Brighton
Once the first goal goes in it lifts the crowd here and it becomes very hard . A striker should really only be judged on the goals they score .

Light snow possible Monday
The heaviest snow should wind down early Tuesday evening, but the Tuesday evening commute may be significantly impacted. Temperatures will then drop after the sun sets, inviting a chance for sleet and snow flurries after 3 a.m.

Elizabeth Warren rejects DNA test to settle Native American heritage claim
Last November Trump used the name at an event honoring Native American Code Talkers who served in World War II. Warren also confirmed that she has no plans of running against Trump in 2020.

Trump botches the election scorecard again
He said his unprecedented meeting could go two very different ways: "We may leave fast" or strike one of history's greatest deals. And, always the showman, he dropped a bit of news, revealing the slogan for his 2020 re-election campaign: Keep America Great.

How has Shami responded to the allegations made by his wife?
Jahan on Friday disclosed that several of Shami's relatives had been trying to call her ever since she made the police complaint. Following all the events, Shami's annual contract has also been withheld by the Board of Control for Cricket in India ( BCCI ).

Mindy Kaling: Stephen Colbert's Baby Gift "Sucked" Compared to Oprah Winfrey's
Oprah Winfrey insists she would have been a bad mother because she can't communicate with anyone who cannot speak. The bookcase was created to look like the treehouse Kaling's character Mrs.

Study finds that people are more loyal to Android than iOS
Users have the option to use and open the Google lens app with their Google photos app. "That's the Leaning Tower of Pisa". This includes things like a description of the place, or its opening hours, thereby saving you a Google search.

Kagiso Rabada faces suspension after 'shoulder brush' incident with Steve Smith
Rabada was the chief destroyer in the Australian first innings with 5-96, including a burst of 5-13 off 18 balls. Amla was twice given out lbw and twice overturned the decision using video review, surviving on 7 and 40.

Trump Denies Hiring Bill Clinton Impeachment Lawyer
If an agreement was reached, Flood would not replace the White House's current lawyer Ty Cobb , according to The Times . Dowd told Reuters on Saturday that he did not know anything about Flood possibly joining the White House legal team.