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Kudlow backtracks on Trump tweet announcing vehicle deal with China
07 December 2018, 07:00 | Austin Hogan
Trump claims 'BIG leap forward' in China trade talks, but details unclear
Sources told Reuters that Chinese oil trader Unipec plans to resume buying USA crude by March after the Xi-Trump deal reduced the risk of tariffs on those imports.
President Donald Trump and executives from Germany's biggest automakers discussed the companies' investments in the USA on Tuesday as trade tensions with the Europeans and Trump's threat to impose tariffs on foreign cars sold here loomed overhead.
The world's two largest economies reached a 90-day trade truce Saturday after Trump and Chinese President Xi Jinping met at the G-20 summit in Argentina.
"There was a significant commitment from both leaders on what needs to be done over the 90 days and instructions to both teams to negotiate and turn this into a real agreement with specific action items, deliverables and time frames", Mnuchin said.
The U.S. president a day earlier had said the ceasefire could be extended but warned tariffs would be back on the table if the talks failed and that he would only accept a "real deal" with China.
Trump tweeted on Monday that his meeting with President Xi was "extraordinary", and that "very good things" will happen in terms of the United States' relationship with China.
China, for its part, also agreed to offset its massive trade imbalance with the U.S.by buying more, but not yet specified amounts, of energy products, agricultural, industrial and other products.
Washington and Beijing said they will try to achieve a permanent deal within the next 90 days, however the USA still has significant leverage, stating that if a formal deal can't be reached then it will hike tariffs from 10 percent to 25 percent, which could roil global stock markets, stagnate global economic growth, dampen oil demand growth and possibly lead to a recession across the globe, particularly in emerging economies.
"I am certain that, at some time in the future, President Xi and I, together with President Putin of Russian Federation, will start talking about a meaningful halt to what has become a major and uncontrollable Arms Race".
It's time to watch The Game Awards together
We can also expect to see the legendary movie and game music composer Hans Zimmer, who is set to perform that night at the show. The annual award show has become known for hosting game reveals, and this year's event promises to be no different.
Worldwide Hunt Underway To Find Rare Blood For Girl With Cancer
Mughal said his daughter's diagnosis was "the worst thing" they could have expected, until doctors discovered another problem. According to the family and her doctors, the Neuroblastoma is believed to be growing in her abdomen for about 10 months now.
New Far Cry Game Teased for The Game Awards 2018
The trailer showcases a nuclear bomb going off near what looks like the location of Montana that was seen in Far Cry 5 . Given the way the way " Far Cry 5 " can potentially end, a game set in the apocalypse certainly makes sense.
Trump picks William Barr as next U.S. attorney general
And if they argue that Barr will be Trump's stooge, they better have more evidence than the two statements discussed above. When nominating Barr to serve as attorney general in 1991, Bush hailed the lawyer as "a man that I respect enormously".
Michigan House votes to extend legislative power
That decision - whether to join or withdraw from this kind of litigation - has been one for the attorney general and governor. The pre-existing conditions measure failed after all 15 Democrats in the Senate and two Republicans voted against it.
Wall Street spooked by trade truce
Hong Kong's Hang Seng index fell 1.6 percent to 26,840.74 points and the Shanghai Composite Index lost 0.7 percent to 2,647.55. Oil prices headed higher ahead of an OPEC meeting on Thursday, where members are expected to agree to cut output in 2019.
Free public transport being planned in Luxembourg
Children and young people under the age of 20 already travel for free and many qualify for an annual mPass, which costs €150. And secondary school students are provided with free shuttles between their places of study and their home.