No U.S.-China Trade Deal in Place; Deadline Closing In
No U.S.-China Trade Deal in Place; Deadline Closing In
Trade Deadline Will Come and Go: Trump Highly Unlikely to Meet Xi Before Mar 1 - Mish Talk
10 February, 2019, 15:01
PresidentDonald Trump says he will not meet Chinese President Xi Jinping before a temporary truce in the countries' trade war expires March 1, stoking fears that a deal will not be reached before the 90-day freeze ends. Speaking to the reporters at the White House, Trump added that his meeting with Xi would take place soon but not before the trade deal deadline.
"When it was agreed that they would meet, it was known at the time that it would be hard to match schedules before March 2", Mr Scissors said. Futures for the S&P 500 index shed 0.3 percent to 2,696.10.
"Not yet", Trump said when asked whether a meeting with Xi has been scheduled amid the ongoing US-China trade talks.
A meeting between the two leaders, which was announced last week after two days of trade talks in Washington, was originally expected to take place at the end of this month, close to Trump's second summit meeting with North Korean leader Kim Jong-un in Vietnam.
The US stock market has fallen in response to the news, with hopes of a swift trade pact between the two leaders quickly dampened.
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Despite the optimism, the White House emphasised in a statement that a scheduled tariff increase on $200bn of Chinese goods to 25 percent from 10 percent was a "hard deadline" if no deal was reached by March 1. "They're making a mistake because they need to be prepared", he said. Though Washington continues to posit that the ban is entirely for cybersecurity in the U.S., Huawei, one of the largest producers of networking equipment in the world, continues to claim that its products are entirely safe, and that Trump is using claims of cybersecurity to prevent competition in the U.S. from Chinese telecommunications companies.
In his State of the Union address on Tuesday, Trump said a trade deal needed to include "real structural change to end unfair trade practices, reduce our trade deficit and protect American jobs".
Such reforms have been a sticking point in talks so far. Lighthizer told reporters last week that it was not certain a deal could be reached.
But top White House economist Larry Kudlow told Fox Business on Thursday that while Trump was "optimistic" about prospects for a deal, there remained a "sizeable distance" separating the two sides.
A study released Wednesday by Tariffs Hurt the Heartland, a campaign opposed to tariffs, said an increase to 25% would reduce employment by 934,000 jobs and GDP by 0.37%.
Rescue workers are seen at the scene where an eight-storey apartment building collapsed in Istanbul, Turkey , Feb. 7, 2019. Authorities said the top three floors had been illegally built and the cause of the collapse is still under investigation.
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Kanter exercised his $18.6 million player option to remain with the Knicks after he was traded from Oklahoma City in 2017. The Lakers have been strongly linked while the Portland Trail Blazers could also take a chance on the 34-year-old.
Yes, it's worrying, it's not a good sign. "We have to rethink everything for Manchester United when players like that get hurt". If we are missing lots of key players, it's an even bigger challenge, but we will be ready on Tuesday, I think".
Martial picked up and a goal and an assist on Saturday, has two goals in his last three matches and now has 11 on the season. All of a sudden, Ole's come in and he's put his arm around everyone and said "we're Manchester United , we're a team".
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Duke campus police have no criminal reports naming Fairfax, university spokesman Michael Schoenfeld said. Ralph Northam speaks at a news conference at the governor's mansion earlier this month in Richmond.
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In the audience, her dad, State Representative Mike Gabbard and mom, Carol, say they're happy she's stepping up to serve others. Other Democratic candidates in the race includes former San Antonio Mayor Julian Castro , US Rep.
Here's our first look at the Canary Yellow Galaxy S10e
The camera configuration includes a 13MP primary shooter with f/1.9 aperture and two 5MP sensors with f/2.2 aperture. Moreover, the images also confirm the triple camera setup on the back and the absence of the fingerprint scanner.
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