giftedviz.com
giftedviz.com December 10, 2018


Doubts on the rise about the US-China ceasefire

05 December 2018, 04:31 | Austin Hogan

‘I am a tariff man’: Trump warns China against raiding ‘great wealth’ of US as trade talks start

What Trump Expects by Giving China a 90-Day Tariffs Break

"We don't yet have a specific agreement on that", Kudlow said on a conference call with reporters.

While Mnuchin said the president reserves the right to escalate tariffs should negotiations not pan out as planned, he cast the weekend's talks as a breakthrough in the administration's efforts to check China and said the discussion included everything from purchasing more United States goods to intellectual property, to currency manipulation.

The US expects China to take immediate action to cut tariffs on US vehicle imports and end intellectual property theft and forced technology transfers as the two countries move toward a broader trade deal, Kudlow, director of the White House National Economic Council, said Monday.

He said the United States should look into a rule that would bar imports of Chinese products that used stolen USA intellectual property.

The warning comes days after Trump and Chinese President Xi Jinping made a preliminary trade agreement to delay the trade war's escalation.

Treasury Secretary Steven Mnuchin said on CNBC the U.S. and Chinese had "very specific discussions" in Buenos Aires Saturday evening on steps to defuse their conflict, which involves hundreds of billions in bilateral trade and had roiled world markets for months.

The sources said the Chinese were surprised by the decision, having dealt mainly with Treasury Secretary Steven Mnuchin on trade issues in the past.

In the day after Trump announced the deal in a two-sentence Twitter post, the White House provided no additional information.

China imposed a retaliatory 25 percent tariff on imports of cars from the US over the summer in response to Trump's own tariffs.

While Washington touted the immediate increase in Chinese purchases of U.S. agricultural products, Beijing's statement was much more open, with no reference to immediate or agricultural products.

David Attenborough: Humanity's Collapse Looming Amid Climate Change Failure
The Paris climate agreement sets a goal of raising US$100 billion (S$137 billion) every year from 2020 for climate action. She cited a recent expert report warning of the consequences of letting average global temperatures rise beyond 1.5C.


Steph Curry provides injury update after shock Warriors defeat
Tonight's impact: The Bulls have already reported that Markkanen will have a minutes limit if he plays tonight. Still playing without All-Star forward Draymond Green (toe), Golden State is just 5-8 in its last 13 games.


Manchester City learn FA Cup opponents
City's neighbours United are also at home to Championship strugglers in the form of Reading. Posh played Middlesbrough in the quarter-finals of the Rumbelows Cup in 1992.


What is clear is that if no deal or further extension of talks is agreed upon by March 1, the US's tariffs on roughly $200 billion worth of Chinese goods will increase from the current 10% rate to 25%. Trump said on Tuesday that Lighthizer would work closely with Mnuchin, Kudlow and trade adviser Peter Navarro. "It will always be the best way to max out our economic power".

In a series of tweets, Trump celebrated the opening of negotiations between China and the US.

The U.S. leader said U.S. farmers "will be a very BIG and FAST beneficiary of our deal with China. But if not remember, I am a Tariff Man", the commander-in-chief wrote about the agreement.

But the deal was also vague, and the uncertainty has led to skepticism that the divides between the USA and Chinese goals can be bridged.

What is mentioned by both sides is China's agreement to more strongly control the trade in the opioid Fentanyl.

As reported by Reuters, fresh concerns are on the rise surrounding the temporary US-China truce that was struck over the weekend.

Also contributing to the decline are increased fears about future US economic growth.

The Chinese government's top diplomat, State Councillor Wang Yi, was less specific, telling reporters China will import more products, based on market demand, from the United States in efforts to gradually ease imbalances in two-way trade.

Confusion has also arisen over when the agreed 90 day period for negotiations will kick in, with some saying it begins now, others claiming it's January.



Other News

Trending Now

NVIDIA launches Titan RTX
On the plus side, at $2,500, the Titan RTX is actually cheaper than the $3,000 its predecessor launched at, so there's that. Users with deep pockets can pair two Titan RTX cards to scale memory and compute performance via NVLink .

Is 'Friends' Really Leaving Netflix? An Exec Responds to Rumors
That means that fans of Ross, Monica, Rachel, Chandler and Joey have less than a month to watch all 230 episodes of the series. Netflix users began noticing a troubling warning on the show page: "Available Until 01/01/2019".

NHL Board of Governors Approve Seattle Expansion Team
The NHL will add a 32nd franchise in Seattle , the league announced Tuesday after a unanimous vote by the board of governors. Seattle can not buy out players chosen in the Expansion Draft earlier than the summer following its first season.

Operation Northern Shield: IDF strikes Hezbollah terror tunnels
With Syria's civil war winding down, Hezbollah is now free to re-establish itself back home in Lebanon and refocus on Israel. He said the Palestinian Islamist movement Hamas, which controls Gaza, had shared tunnel-digging knowledge with Hezbollah.

Chicago Bulls Fire Head Coach Fred Hoiberg After 5-19 Start
It's a major step for the team who are finally starting to get a few healthy starters into the lineup as the new year approaches. Hoiberg's recipe for success was clear to everyone who followed his team, everyone except those running the Bulls organization.

Here's how Nick Jonas proposed to Priyanka Chopra
Nick told Priyanka that he was not going to put that ring on her finger unless she had any objections. There was nothing,"We bet Priyanka was expecting a kiss but Nick being respectful couldn't do that".

Newcastle fans prepare Ashley protest before West Ham game
Ayoze Perez had Newcastle's best chance of the first half in the 26th minute when he headed over from close range. He then made little impression after the break and was replaced by Joselu with 12 minutes remaining.

Oklahoma, Alabama, Notre Dame, Clemson in
That's a problem - and it may be leading to a fourth precedent that says, "We're just gonna do whatever the hell we want". Might OSU make the Texas Bowl, fall to the Liberty Bowl or maybe go lower? Go with the team that didn't get blown out.

Major League Baseball trade rumors: Mets close to getting Cano, Diaz
Diaz, 24, is coming off a 2018 campaign where he posted 57 saves and an earned run average of 1.96. If the Mets trade Kelenic they will be trading a highly-touted prospect.

Ariana Grande shares a behind-the-scenes look at "thank u, next" video
Thank U, Next shook the world to its core. "We congratulate Ariana and the Republic family on this massive success". A fan account on Instagram posted a behind-the-scenes video during the shoot of AG's Thank U, Next track.