Jul 10 2017
G20 leaders will continue their meetings through the weekend, and Monday will likely reveal much about the way trade will shape up. To the contrary, major governments, including President Barack Obama's administration, have long recognized that global overcapacity is creating unsustainable downward pressure on producers' prices and that China's bloated state-run industry is the locus of that overcapacity. "It's not just the pricing, it's not just employment", Trump said in April at a ceremony ordering the review.
"There is no doubt that this entire line of trade remedy actions regarding national security matters is going to be an issue", said Jacob Kirkegaard, a senior fellow with the Peterson Institute for International Economics. A team from the firm wrote in a note in the month of December "the biggest threat to growth is a possible protectionist turn depressing global trade and even trigger trade wars". The U.S. also has accused China of shipping steel and aluminum to the U.S. through countries such as Vietnam and South Korea.
"Explained that the USA must fix the many bad trade deals it has made", he tweeted early Sunday.
The tariffs could very well provoke a global trade war.
Stephen Colbert has some things to say about Trump's latest tweets
I think turning them away from your hotel during the middle of winter is literally the story of Christmas. But those analysts also have been largely critical of Trump.
Megan Anderson says 'pressing personal reasons' led to withdrawal from UFC 214
Seasoned bantamweight Evinger has been on a roll the last five years and is undefeated since September 2011. The 145-pound title will still be on the line, despite Evinger having never fought at the 145-pound limit.
Weather conditions aid firefighters in Arizona
In Arizona, the Goodwin Fire burning in the Prescott National Forest has grown to 20,000 acres and is only 1% contained. A 400-acre (162-hectare) fire in Mariposa County on the western Sierra foothills is 10 per cent surrounded.
The Sept. 5 communique urged the OECD to help countries "enhance communication and cooperation", take "effective steps to address the challenges", and "encourage adjustment".
The final G-20 statement pledged renewed efforts to combat excess capacity in the steel industry, while referring to the use of "trade defense instruments".
The U.S. started cracking down on cheap steel imports in 2016 when Barack Obama was still president.
European countries would prefer a multilateral solution on steel, he said. He suggested putting on Chinese imports 45% tariff and said he would announce on his first day in the office that China was a currency manipulator, and he said proposing taxing imports from Mexico that he would rip up the trade deals and referred this as the Trans-Pacific Partnership, or TPP. An administration official, however, told Reuters last week that the report would be released after Trump spoke with leaders at the Group of 20 summit in Germany later this week.
It's noteworthy that Trump administration officials are mulling a scenario where they grant waivers or tariff quotas to ensure US allies and North Atlantic Treaty Organisation partners aren't unfairly targeted by any across-the-board tariffs. When it comes to trade policy, it's easy to shout "America first", but hard to define exactly what you mean by "America".
Jul 10 2017
Blow to Froome as Thomas crashes out of Tour
Slovakian Juraj Sagan, Italian Matteo Trentin and Australian Mark Renshaw also finished outside the time limit. Bardet is up to third overall, 51 seconds down, four seconds ahead of former Team-Sky man Uran.
Jul 09 2017
'Spider-Man:' The attack of the superhero movie
In past years, superhero films brought in hundreds of millions at the box office, but did so while often being panned by critics. We are totally charmed by this mini Spider-Man! At long last, Spider-Man is part of the Marvel Cinematic Universe.
Jul 08 2017
Without budget, Wednesday's Powerball final one for IL lotto players
The state of IL is dealing with a number of financial problems and does not have the money to pay jackpots more than $25,000. Lucy Rushing, who works at the Four Way Quick Stop in DeSoto, says until recently, lottery tickets sales were popular.
Jul 07 2017
Top EU negotiator warns Britain won't enjoy 'friction-free trade' after Brexit
The warning comes on the eve of a meeting of business leaders and Brexit Secretary David Davis on at Chevening House in Kent. And business should assess, with lucidity, the negative consequences of the UK's choice on trade and investment.
Jul 07 2017
Activist Mommy Rallies Prayers For Baby Charlie Gard
In the post, the president claimed the United States would be "delighted" to help Charlie in any way possible. The hospital will remove Charlie Gard from a life support machine against his parents' wishes.
Jul 06 2017
Joey Chestnut Wins 10th Nathan's Hot Dog Eating Contest, Sets New Record
Record-setting eaters are gearing up to gobble at the renowned Nathan's Famous July Fourth hot dog eating contest in NY . Geoffrey Esper was gaining ground on Stonie by that point, and he was only one down on him with 3:30 to go.
Jul 05 2017
Peter Sagan Disqualified from Tour de France After Mark Cavendish Crash
Sagan claimed Cavendish "was coming from behind" and that he "did not have time to react and go left". In the peloton, a crash took out several riders, including the yellow jersey bearer, Geraint Thomas .
Jul 04 2017
Nitish Kumar denies rumours of tension in the Mahagathbandhan
The Congress should start work on an agenda only after the approval from other opposition parties, he said. Kumar was emphatic that his party had been following the coalition dharma and would always follow it.
Jul 03 2017
Palace insists on 'non-adversarial' resolution of disputes with China
The 12-mile line is the internationally recognized distance that separates the shores of a sovereign nation from global waters. So by sailing within that distance of Triton, the Stethem dismissed China's claim to both the island and the waters around it.
Jul 03 2017
NJ Lawmakers Work on Budget after Government Shutdown
It does not affect essential services, such as the New Jersey State Police, psychiatric hospitals, of NJ Transit operations. A similar vote Thursday afternoon also failed by a 24-22 tally before Prieto pulled the bill down and called a recess.
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