Sunday, 17 February, 2019
  • Finance
  • White House contradicts Trump, says there's no deal with China

White House contradicts Trump, says there's no deal with China

Donald Trump threatened to slap a range of import penalties on Chinese products if they didn't make major changes in their economic relationship with the US What Trump Expects by Giving China a 90-Day Tariffs Break
Orlando Vargas | 05 December, 2018, 03:15

Speaking to journalists in a follow-up conference call, economic advisor Larry Kudlow cautioned "we don't yet have a specific agreement on that", though he expects the tariffs to be dropped, according to the Los Angeles Times.

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

The United States expects China to take immediate action to cut tariffs on USA auto imports and end intellectual property theft and forced technology transfers as the two countries move toward a broader trade deal, a White House official said on Monday.

"The negotiations with China have already started".

China will need to drop steep tariffs it imposed on a range of American farm products earlier this year before it can fulfill its pledge to buy substantial volumes of US goods, said Chinese traders on Monday.

According to the White House, the USA will still keep in place $200 billion of tariffs on Chinese imports but will not increase those tariffs from 10 percent to 25 percent after the start of the year as originally planned. On top of that, as Hudson Institute senior fellow John Lee wrote for CNN, backing down on protectionism, IP theft and forced technology transfers could well force Xi to scale down his ambitions for Chinese economic development. "It will always be the best way to max out our economic power", he said. But if not remember, I am a Tariff Man", he tweeted on Tuesday. "When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. In a 1990 interview with Playboy, the then real-estate investor said imposing tariffs on Japanese cars would be the first order of business if he ever won the presidency.

Trump said China had committed to buying large amounts of US agricultural products and completely removing all tariffs on US automobiles a huge shift from its current 40 per cent penalty although China hasn't confirmed this

While the two sides left talks in Buenos Aires, with an upbeat attitude, confusion and a lack of clarity around what exactly Trump and Xi agreed to has left many experts skeptical that a concrete deal can be reached in such a short window. Chuck Grassley (R-Iowa), chairman of the Senate Finance Committee, has suggested to Axios that he would support legislation that limits the president's ability to impose tariffs.

The U.S. leader said U.S. farmers "will be a very BIG and FAST beneficiary of our deal with China".

China's foreign ministry, the only government department that holds a daily briefing that foreign media can attend, has repeatedly referred questions on details to the commerce ministry, which has yet to say anything. Let the negotiations begin.

Beijing's decision to keep things vague, for now, may reflect a desire to avoid being seen as having capitulated under pressure - the sides have 90 days to reach a deal - or may be a hedge against Trump's unpredictability, analysts said. The deal will also keep, at least for now, Trump from placing another $267 billion worth of Chinese goods under tariffs.

The US trade deficit with China was United States dollars 335 billion past year and many manufacturers rely on inputs from the world's number two economy, so eliminating the deficit would be an extraordinary goal.

Michelle Obama's Take On 'Lean In'? 'That &#%! Doesn't Work'
Although the girls spent their teenage years in the White House, Michelle points out that they still faced numerous same experiences she did growing up.


Seattle gets National Hockey League expansion team
He also worked in Vancouver and most recently helped build Tampa Bay into a powerhouse in the Eastern Conference. Many expect the Arizona Coyotes to be moved to the Central Division in 2021 when Seattle enters the league.


Patrick Mahomes Offers Appropriate Reaction To Kareem Hunt Video
A month later, Hunt attacked a woman in video that is now public, resulting in his being placed on the Commissioner Exempt List. Hunt acknowledged he misled the Chiefs about the incident in Cleveland during a live interview with ESPN on Sunday.


China open to authorize Qualcomm-NXP deal, Qualcomm declines approval
Former Seahawks CB Brandon Browner Sentenced to 8 Years in Prison

Recommended

  • China open to authorize Qualcomm-NXP deal, Qualcomm declines approval

    China open to authorize Qualcomm-NXP deal, Qualcomm declines approval

    Qualcomm used share buybacks of $5 billion to try to maintain its stock price for their shareholders after the deal was cancelled. Afterward, Trump said Xi would consider giving a green light to a Qualcomm/NXP merger should the deal be presented to him again.

    'Baby It's Cold Outside' pulled from Cleveland radio station amid #MeToo movement

    Comedian Jen Kirkman said it was not about coercive sex but a woman "who knows her reputation is ruined if she stays". Local media say that listeners said the song was inappropriate, and stood against the #MeToo movement.
    Seven-year-old toy reviewer becomes YouTube's highest-earning star

    Seven-year-old toy reviewer becomes YouTube's highest-earning star

    Daniel Middleton, the Minecraft gamer who topped the 2017 list with earnings of $16.5m, has slipped to fourth place. The school child has out-earned some of YouTube's biggest names, including Jake Paul , PewDiePie and Logan Paul .
  • Trump salutes Bush's casket in Capitol Rotunda

    Trump salutes Bush's casket in Capitol Rotunda

    Bush kept his bomber under control when it was shot down during World War II with the way he guided the country. Senate Majority Leader Mitch McConnell is comparing the "steady hand" with which President George H.W.
    Trump asks Pakistan PM for help with Afghan peace talks: minister

    Trump asks Pakistan PM for help with Afghan peace talks: minister

    Last month, a row that began with President Trump's interview led to a series of acrimonious tweets from both Trump and Khan. Khalilzad has recently engaged the Taliban in direct talks to try to initiate Afghan peace negotiations.
    Ariana Grande replaces Pete Davidson tattoo with tribute to Mac Miller

    Ariana Grande replaces Pete Davidson tattoo with tribute to Mac Miller

    Ariana Grande released the highly anticipated video for her song " Thank U, Next " on Friday, and one admirer is now thanking her. Ariana Grande is slowly but surely covering up all her ink from her time with ex-fiancé Pete Davidson .
  • Government must publish Brexit legal advice

    Government must publish Brexit legal advice

    A so-called " meaningful vote " on May's deal will take place in the Commons following parliamentary discussions on December 11. The Prime Minister caved in moments after MPs decided her ministers were in "contempt" of Parliament.
    Quora Security Breach: What You Need To Know

    Quora Security Breach: What You Need To Know

    Question-and-answer site Quora has announced that 100 million users' data may have been compromised after it was hacked . A digital forensics agency has been brought in, and law enforcement has been notified of the breach.
    NAFTA Replacement USMCA Signed at G20

    NAFTA Replacement USMCA Signed at G20

    If Trump pulls out of NAFTA and the House rejects the new pact, it could deal a major blow to North American free trade. The original NAFTA deal was signed in 1992 by former President George H.W.
  • Trump says hopes to meet N.Koreas Kim in January or February

    Trump says hopes to meet N.Koreas Kim in January or February

    More than 30,000 North Korean civilians have fled their homeland since the peninsula was divided at the end of the 1950-53 Korean War.
    United Kingdom 'may unilaterally withdraw from Brexit'

    United Kingdom 'may unilaterally withdraw from Brexit'

    Defeat would leave the United Kingdom facing a chaotic "no-deal" Brexit and could topple the prime minister, her government, or both.
    5G Galaxy S10 all but confirmed for Verizon

    5G Galaxy S10 all but confirmed for Verizon

    Samsung shared the video with caption "Enjoy stunning cinematic experience on the Galaxy Note9's SuperAMOLED, infinity display". The sole selfie camera here is expected to be coupled with a triple rear-camera setup as more sensors are now becoming the norm.

Former Seahawks CB Brandon Browner Sentenced to 8 Years in Prison Former Seahawks CB Brandon Browner Sentenced to 8 Years in Prison A founding member of the Legion of Boom, Browner was sentenced in relation to an incident that occurred in July. Officers from La Verne Police Department arrested him in Azusa, California , without further incident.

U.S. Defense Chief Accuses Putin Of 'Duplicitous' Action On Missile Treaty U.S. Defense Chief Accuses Putin Of 'Duplicitous' Action On Missile Treaty That comment reiterated those he made several days prior that Russia's attack upon and seizure of three Ukrainian ships violated worldwide law.

USA senators: we're certain Saudi crown prince ordered Khashoggi's murder USA senators: we're certain Saudi crown prince ordered Khashoggi's murder From there, he wrote a monthly column in the Washington Post in which he criticised the policies of Mohammed bin Salman. The CIA said Haspel didn't attend because she had already briefed congressional leaders on Khashoggi.

Priyanka Chopra and Nick Jonas take over Indian palace ahead of wedding Priyanka Chopra and Nick Jonas take over Indian palace ahead of wedding Chopra gained popularity in India after she entered the Indian film industry, popularly called Bollywood, in 2001. The date of the mehendi ceremony coincides with the day Chopra was crowned Miss Universe 18 years ago.

Florida AD on Bowl Selection Process: ‘Would Have Loved’ to Face UCF Florida AD on Bowl Selection Process: ‘Would Have Loved’ to Face UCF It was announced Sunday that No. 10 Florida and No. 7 MI will square off in the 2018 Peach Bowl on Saturday, Dec. 29 in Atlanta. Last year, the Wolverines eviscerated the Gators, 33-17, in a game that wasn't even that close due to a handful of MI miscues.

Jurgen Klopp Handed Punishment Over Derby Pitch Invasion Jurgen Klopp Handed Punishment Over Derby Pitch Invasion But Marco Silva introduced young winger Ademola Lookman off the Everton bench and his side's attacking threat instantly improved. I don't know what he did and the way he did it. " We have proved we are capable of matching any team on our day ".

Urban Meyer stepping down at Ohio State Urban Meyer stepping down at Ohio State And, of course, Meyer beat hated rival MI all seven times he faced them, including the last three with Jim Harbaugh as head coach. Ohio State finished sixth in the race for four playoff spots despite winning the Big Ten title for the third time in five years.

IDF launches operation to neutralize Hezbollah tunnels IDF launches operation to neutralize Hezbollah tunnels Jonathan Conricus, an Israeli military spokesperson, said it had detected tunnels crossing from Lebanon into northern Israel. Hezbollah emerged with the help of Iran during Israel's occupation of southern Lebanon in the early 1980s.

Battling India veteran Vijay has no fear of Australia Battling India veteran Vijay has no fear of Australia India did lose the Test by an innings and 16 runs but Hazare's effort evoked praises from Australian media and the Don himself. We might stay at it for 20 balls or 80 balls, depending on how we feel, and it's about adapting once we're on the field".

Neighbors call 911 on Clark Griswold decoration Neighbors call 911 on Clark Griswold decoration He alerted her that they've previously seen this local display, and that someone placed an emergency call over it. The security video then cuts to a police officer who came to the door to ask about the hanging mannequin.

Oklahoma snags 4th spot in football playoff semifinals Oklahoma snags 4th spot in football playoff semifinals The Pac-12 was never in the discussion, with its champion Washington finishing 10-3. Although both offenses are dominant, the defense is what separates the two teams.

Former President George HW Bush dies at age 94 Former President George HW Bush dies at age 94 One newsmagazine suggested he was a "wimp", but his work-hard, play-hard approach to the presidency won broad public approval. He said he and his wife Melania "join with a grieving nation to mourn the loss of former President George H W Bush".

Trump on China: 'I like the deal we have now' Trump on China: 'I like the deal we have now' China now imposes 40 percent tariffs on USA auto imports, which is 15 percent more than tariffs it imposes on other countries. The two sides have been in negotiations for months, but Kudlow described them as being stalemated until just a few weeks ago.

Saudi crown prince Mohammed bin Salman arrives in Algeria Saudi crown prince Mohammed bin Salman arrives in Algeria In a statement obtained by AFP, 17 prominent journalists and intellectuals sharply criticised the Saudi leader. Louisa Hanoune, head of the opposition Workers' Party, described his visit as a "provocation".

Bush returns to Washington for final time Bush returns to Washington for final time Bush's death reduces membership in the ex-presidents' club to four: Jimmy Carter, Bill Clinton, George W Bush and Barack Obama. Bush will be honored at several public and private events in Houston and Washington before his burial on Thursday in Texas.