Friday, 16 November, 2018

Kudlow less optimistic about US-China trade deal

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Orlando Vargas | 04 November, 2018, 22:58

"Also had good discussion on North Korea", he tweeted. He gave no indication whether they made progress on settling the escalating tariff war over Beijing's technology policy. "We are not on the cusp of a deal", Kudlow said.

The two leaders agreed to "strengthen economic exchanges", said a ministry spokesman, Lu Kang.

President Donald Trump says he will meet his Chinese counterpart alongside the Group of 20 meetings in Argentina as they look to curb a burgeoning trade war. This is not what China wants to see, said the Chinese president.

Discord has already arisen among Trump's trade team: USA trade representative Robert Lighthizer is opposed to a push for a deal at the G20, according to two of the people.

Despite tariffs, he said USA economic growth expanded in the last two quarters and was on track to hit the Administration's 3 percent target for the full year. We talked about many subjects, with a heavy emphasis on trade.

The comments appeared to be aimed at shoring up confidence among entrepreneurs who generate China's new jobs and wealth amid complaints Beijing is dragging its feet on economic reforms and reining in the dominance of state industry.

"We are having very good discussions with China". This would also be seen as a major threat to the United States dollars rally, meaning that this is the potential card to help encourage a jump in other currencies around the world, especially those in emerging markets. He said trade would be a topic when he gets together with Xi over dinner.

UK's Brexit secretary expects an agreement with European Union finalized before 21 November
However, The Times , which broke the story, stuck to its sources, insisting a deal is on the horizon. But there is still a disagreement over how and when any backstop measures should come to an end.


West Ham fans laud Grady Diangana on Twitter for his performance
As a young professional, I had to think about what is best for my career and where I can improve. I want to keep improving and I feel I'm at a great club to do that.


Trump makes last-minute push at rallies before Election Day
Chance of the calendar, these states are for the most part in conservative regions, which complicates any democratic reconquest. If the Democrats won, Trump told the crowd at an aircraft hangar in Pensacola, they would impose socialism on Florida.


James Zimmerman, a partner with the Beijing office of law firm Perkins Coie and former chairman of the American Chamber of Commerce in China, questioned Trump's sincerity with regards to a possible trade deal.

ENERGY: Oil prices continued to weaken after the Department of Energy said USA crude stockpiles increased for the sixth straight week.

"The Trump administration should not miscalculate China's tolerance for what they perceive as bullying tactics", he said.

The list would apply to imports from China that aren't already covered by previous rounds of tariffs, which may be $257 billion using last year's import figures, Bloomberg reported, citing people familiar with the matter.

In their May telephone conversation, Xi and Trump set out to resolve their trade disputes, but the talks ended in stalemate and the first tariffs followed just weeks later.

The United States has already imposed tariffs on US$250 billion worth of Chinese goods, and China has responded with retaliatory duties on US$110 billion worth of USA goods.

"I'm not going to make a prediction I do think part of the uncertainty in stocks is about the election", Kudlow said.

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