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spicynbachili1 · 6 years

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US attacks UK plan for digital services tax on tech giants

The US has hit again in opposition to a UK plan to impose a brand new tax on gross sales by expertise giants.

US political leaders and enterprise teams say the proposal would violate tax agreements by focusing on US corporations.

They warned the tax may spark US retaliation and harm prospects for a US-UK commerce deal.

In a press release on Wednesday, Consultant Kevin Brady, a Republican from Texas, known as the measure “troubling”.

“If the UK or different nations proceed, that can immediate a overview of our US tax and regulatory strategy to find out what actions are applicable to make sure a degree taking part in area in world markets,” mentioned Mr Brady, who helped shepherd US tax cuts by Congress final yr.

His assertion echoed feedback final week by US Treasury Secretary Steven Mnuchin, who voiced “sturdy concern” about completely different nations’ efforts to develop digital gross sales tax.

A slew of enterprise teams – together with the US Chamber of Commerce and the US Council for Worldwide Enterprise – have additionally come out in opposition to the UK plan.

EU pushes for brand new tax on tech giants ‘by Christmas’

Price range 2018: Who can pay the Digital Companies Tax?

If enacted, the tax measure may “complicate the UK’s push for deeper US-UK commerce relations”, mentioned Rufus Yerxa, president of the Nationwide Overseas Commerce Council.

Picture copyright Reuters

Picture caption Kevin Brady shepherded the US tax reduce by Congress final yr

The UK plan, introduced as a part of the Price range, would place a 2% tax on gross sales by massive social media platforms, web marketplaces and search engines like google and yahoo from April 2020.

In response to Mr Brady’s feedback, a UK Treasury spokesman mentioned: “Because the chancellor mentioned, this tax is a proportionate and focused interim response that displays the altering world economic system, and the way digital companies derive worth from customers – it is not focused at any nation and seeks to make sure the tax system is truthful.”

It comes as wider efforts to seize extra tax from multinational tech giants – which are actually usually taxed based mostly on their bodily presence in a rustic – acquire steam.

The European Fee in March launched a proposal for a three% tax on revenues of web corporations with world revenues above €750m (£660m) a yr.

Whereas some EU member states are opposed, a vote may come earlier than the tip of the yr. Individually, Spain launched a digital service measure in its funds that mimics the EU’s.

Elsewhere, Colombia, Australia and India are amongst a number of nations debating new tax measures that concentrate on the digital giants, based on the Web Affiliation, a US commerce affiliation with members that embody Amazon, Microsoft and Uber.

The 36-member OECD has additionally been discussing the problem, with a report on reforms due in 2020.

The slew of measures, after years of dialogue, explains the alarm within the US, mentioned Lilian Faulhaber, a legislation professor at Washington’s Georgetown College.

“There is a sense in the US that this digital companies tax is changing into extra of an actual chance,” she mentioned.

‘Pure money seize’

Below President Donald Trump, the US has been supportive of OECD efforts to replace the company tax system for the worldwide period, mentioned Itai Grinberg, one other legislation professor at Georgetown College.

However many within the US – not simply the web giants – have considerations about proposals, just like the UK’s, that tax turnover, he added.

“It is a form of tax that everybody deserted half a century in the past as a result of it is regarded as very economically inefficient and features principally like a tariff,” he mentioned.

He mentioned such taxes do little to make the worldwide tax system extra truthful: “It is only a pure money seize”.

Picture copyright Getty Pictures

Picture caption The UK’s chancellor: Looking on-line for revenues

In asserting the UK tax, UK Chancellor Philip Hammond mentioned progress in world arenas to replace tax legal guidelines had been “painfully gradual”.

However the transfer has irked some within the US.

Josh Kallmer, govt vp of coverage on the Info Expertise Trade Council, mentioned the tech business recognises the necessity for tax legal guidelines to vary, however opposes income taxes and needs to see the OECD course of play out.

“The responses that the UK and EU are poised to take should not useful,” he mentioned. “It is a genuinely world problem…. Nations have gotten to coordinate and develop shared ideas.”

Professor Grinberg mentioned the UK’s resolution to go it alone provides license to different nations to observe swimsuit, undermining efforts to succeed in a global resolution.

The transfer is especially dangerous for the UK, he added, as a result of the logic for taxing tech corporations could possibly be prolonged different industries necessary to the UK, particularly monetary companies and prescribed drugs.

“I feel it’s going to go badly for the UK,” he mentioned.

Ought to tech corporations be paying extra tax?

Corbyn: Tech agency tax may fund journalism

The US has a spread of choices ought to it wish to retaliate, along with merely making the problem a spotlight in US-UK commerce talks, he added.

The US may complain to the WTO. Below US legislation, the president may additionally act to lift taxes on UK corporations as a retaliatory measure.

Professor Faulhaber described the responses being floated as “nuclear choices”.

“I do not know the way possible they’re however I do suppose they’re fairly dramatic,” she mentioned. “They… recommend that at the least some folks within the US see these proposals as pretty dramatic.”

from SpicyNBAChili.com http://spicymoviechili.spicynbachili.com/us-attacks-uk-plan-for-digital-services-tax-on-tech-giants/

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plusorminuscongress · 6 years

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New story in Politics from Time: EU Trade Talks Become Contentious as President Trump Threatens Tariffs

(Bloomberg) — The European Union and U.S. are reviewing their trade ties, spurred by U.S. accusations that the bloc is duping American businesses. But don’t expect a complete overhaul of their more than $1 trillion commercial relationship anytime soon.

Even though President Donald Trump notified Congress Oct. 16 that the U.S. intends to begin official trade talks with the 28-nation EU, formal negotiations are yet to get underway and quarreling between the two sides signals an arduous process lays ahead.

The Trump administration in June hit the EU with steel and aluminum tariffs, prompting rapid retaliation from Brussels against iconic American products like bourbon whiskey and Harley-Davidson motorcycles.

A descent into an all-out trade war was averted in July when European Commission President Jean-Claude Juncker and Trump agreed to a Rose Garden truce and an outline for limited talks.

The resulting discussions between the historic allies remain tense, however. And limited, with the EU insisting the sensitive subject of agriculture be left out and Washington excluding any discussions on the trans-Atlantic trade in cars.

Hanging heavily over the talks is Trump’s threat to impose a tariff of up to 25 percent on imports of cars and parts into the U.S. aimed largely at Germany, the EU’s largest economy, and companies like BMW AG and Daimler AG.

Car Tax

Trump has agreed not to go ahead with the new auto import taxes as long as negotiations are underway. European officials remain wary, however. And the U.S.’s heavy-handed approach signals how hard it will be for the two sides to come to terms on delicate trade issues, according to Peter Chase, a senior fellow at the German Marshall Fund.

“There’s not a lot of goodwill there and goodwill is a necessary part of any trade negotiation,” Chase said by phone.

Rufus Yerxa, president of the Washington-based National Foreign Trade Council and a former senior U.S. trade official, said a comprehensive transatlantic deal would require “some painful concessions on both sides” that it was not clear either side was willing to make.

“We have our sacred cows and they have their sacred cows,” Yerxa said, citing as examples the U.S.’s 25 percent tariff on light trucks and European protections on the financial services sector. “Obviously business wants a big deal with Europe, but a big deal with Europe is a hard thing to achieve.”

Zero Tariffs

While the Trump administration on Oct. 16 notified Congress, Cecilia Malmstrom, the EU’s chief trade negotiator, has not yet sought the mandate from EU member states she needs to begin formal talks. Lower-level officials from both sides are due to meet in Washington this week to prepare for a meeting between U.S. Trade Representative Robert Lighthizer and Malmstrom for late November.

The lack of an EU mandate represents a potential departure from the July agreement, when the EU and U.S. pledged to work “toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods.” France and other member states remain divided over the scope of the negotiations, according to two European officials who spoke on the condition of anonymity.

Instead, the EU is focusing on better regulatory cooperation with the U.S. for industries including autos, pharmaceuticals and medical devices. While the path wouldn’t require a formal negotiating mandate from EU countries and both sides spent years discussing it during the Obama administration’s push for a broad Transatlantic Trade and Investment Partnership, or TTIP, it’s still a complicated process that will take time.

Quick Wins

“The administration wants quick wins,” Chase said. “They’re not going to get any quick wins on the regulatory front.”

An EU official, who declined to be identified discussing private matters, said that the two sides were looking at a rapid resolution on some regulatory matters by repackaging a number of TTIP annexes that were close to completion when those talks ended. The goal: A quick win to present to Trump to secure a further delay in the imposition of auto tariffs.

In an EU document seen by Bloomberg News, the bloc appears interested in discussing stronger standards for new technologies including cars. Lighthizer has declined to discuss auto standards or the lowering of auto tariffs, according to two people familiar with the talks.

‘Playing Hardball’

Malmstrom last week complained the U.S. had yet to come up with proposals to lower tariffs on industrial goods, declaring “the ball is in their court.”

A day later, U.S. Commerce Secretary Wilbur Ross lashed out at Malmstrom and accused the EU of dragging its feet. “We really need tangible progress,” Ross said on Oct. 17 during a visit to Brussels. “The president’s patience is not unlimited.”

European officials, meanwhile, insist they are not willing to bend to what they see as Trump’s worrisome demands in other trade negotiations. Among those are quotas on steel imports extracted from South Korea and the strict auto content rules and bar on future trade deals with China that Trump secured in a revised Nafta with Canada and Mexico.

Yerxa said Brussels is also unlikely to bend if U.S. negotiators don’t agree to withdraw the Section 232 tariffs on steel and aluminum, which invoke national security concerns and are being threatened for car imports. “I don’t think the negotiations would go very far if the U.S. is not very clear about being willing to back off of 232 completely,” Yerxa said.

That appears unlikely. Trump and his negotiators believe firmly in the power of tariffs as leverage. Yet in the case of the EU that may be a miscalculation.

“The people in Washington think that playing hardball gets them something without giving something,” Chase said. “That could work with a lot smaller economies, but the U.S. and the EU are basically the same size.”

By Richard Bravo, Jenny Leonard and Shawn Donnan / AP on October 21, 2018 at 12:34PM

#Time #politics #PlusOrMinusCongress #±Congress #Indega±#IndegaPlusOrMinus #TimeMag #TimeMagazine

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denktanks · 6 years

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Reacties op handelsakkoord Trump en EU: hebben ze een 'ramp voorkomen', of ... - Volkskrant

Volkskrant

Reacties op handelsakkoord Trump en EU: hebben ze een 'ramp voorkomen', of ... Volkskrant 'Onze beste hoop was een wapenstilstand, en dit is een soort van wapenstilstand', reageerde Bart Oosterveld van de Amerikaanse denktank Atlantic Council in The New York Times. Ook Rufus Yerxa, president van de National Foreign Trade Council, zegt dat ...

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fullspectrum-cbd-oil · 5 years

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U.S. Trade Groups Urge Congress to Rein in ‘Tariff Man’ Trump

Nearly two dozen U.S. lobbying groups have joined forces to try to rein in U.S. President Donald Trump’s power to unilaterally impose tariffs amid growing concern about the negative economic impact of his trade policies.

Led by the National Foreign Trade Council (NFTC), the groups on Wednesday said they had formed the Tariff Reform Coalition to urge Congress to wrestle back greater control of trade policy and increase its oversight of the president’s use of tariffs.

Trump, who has dubbed himself “Tariff Man,” has imposed or planned tariffs on steel, aluminum and nearly all $500 billion in products imported from China each year, as he pursues an “America First” policy aimed at rebalancing U.S. trade ties.

NFTC President Rufus Yerxa said the U.S. constitution gave Congress the power to regulate commerce, and lawmakers should ensure that tariffs were used only in exceptional circumstances.

“Not since the 1930s has our country relied so heavily on tariffs in an attempt to pick winners in the U.S. market while overlooking the broader consequences for other industries and our economy as a whole,” he said in a statement.

The 23 groups outlined their concerns in a letter to the two congressional committees that oversee foreign trade, the House Ways and Means Committee and the Senate Finance Committee.

“It is clear that many of the Administration’s tariff actions over the past two years have had significant collateral effects on domestic prices and have led to extensive retaliation against our exports,” the groups wrote, warning that measures still under consideration could cause further sweeping harm.

The letter was signed by large U.S. trade associations, including the Grocery Manufacturers Association, the National Retail Federation, the Association of Global Automakers, and the American International Automobile Dealers Association.

The initiative comes amid growing frustration on both sides of the political aisle about the president’s use of unilateral measures to impose tariffs, often citing “national security concerns,” and to conclude trade agreements with little to no consultation with Congress.

Trump administration officials insist the tariffs are paid by China, but U.S. farmers, retailers, manufacturers and others say the duties are taking a toll on their industries. The measures have also repeatedly roiled financial markets.

The IMF last week forecast that tariffs imposed by the United States and China could shave 0.8% off global economic output in 2020.

Trump has also threatened to impose significant tariffs on automotive imports from Europe and Japan.

The groups urged lawmakers to carry out a robust review of the president’s policies, and said it stood ready to work on legislation that would curb the president’s authority.

U.S. lawmakers are considering several pieces of legislation that would limit the president’s authority under Section 232 of the Trade Expansion Act of 1962. Trump has used the law to impose the tariffs on steel and aluminum imports, and to threaten car tariffs.

(Reporting by Andrea Shalal, Editing by Rosalba O’Brien)

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thisdaynews · 5 years

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Trump orders U.S. companies to find an alternative to China

New Post has been published on https://thebiafrastar.com/trump-orders-u-s-companies-to-find-an-alternative-to-china/

Trump orders U.S. companies to find an alternative to China

It was unclear exactly what President Donald Trump meant with his order that U.S. companies to find an alternative to doing business with China or how much force it has. | Chip Somodevilla/Getty Images

trade

The president denounces China’s retaliatory tariffs as ‘politically motivated’ and orders U.S. companies to find an alternative to doing business with China.

President Donald Trump on Friday lobbed Twitter attacks at China, U.S. companies and his handpicked Federal Reserve chief as he further escalated his tariff battle with the world’s No. 2 economy — a reflection of Trump’s rising anxiety about an increasingly troubled economic picture at home.

Trump responded with fury after taking a pair of blows Friday morning when China announced a fresh round of tariffs and Fed Chairman Jay Powell did not explicitly pledge aggressive interest rate cuts as the president demanded.

Story Continued Below

Erupting on Twitter, the president denounced China’s retaliatory tariffs as “politically motivated,” after earlier ordering U.S. companies to find an alternative to doing business with China and suggesting Powell could be a “bigger enemy” than China’s communist leader.

Trump on Friday evening struck back at China by saying he would hike already existing tariffs on $250 billion in Chinese imports from 25 percent to 30 percent starting Oct. 1. In addition, tariffs on $300 billion worth of other goods would increase from 10 percent to 15 percent as originally planned starting on Sept. 1.

Trump said in announcing the tariff hikes that he’d done so because “in the spirit of achieving Fair Trade, we must Balance this very unfair Trading Relationship” with China, which he said had become a “great burden” to taxpayers.

It was unclear exactly what Trump meant with his directive to the U.S. companies or whether he plans additional action to execute the order, but the tweets captured the president’s frustration as his escalating trade war with China weighs on the economy and heightens the risk of a recession during an election year.

“Our Country has lost, stupidly, Trillions of Dollars with China over many years. They have stolen our Intellectual Property at a rate of Hundreds of Billions of Dollars a year, & they want to continue,” Trump wrote. “I won’t let that happen! We don’t need China and, frankly, would be far better off without them.”

He continued, “The vast amounts of money made and stolen by China from the United States, year after year, for decades, will and must STOP. Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA. I will be responding to China’s Tariffs this afternoon. This is a GREAT opportunity for the United States.”

Investors had been in a relatively forgiving mood after China‘s tariffs and the Fed speech on Friday. But Trump’s tweets triggered a sharp sell-off in the stock market, with the Dow Jones Industrial Average down more than 600 points and the S&P 500 tumbling about 2.6 percent by the end of trading. The president’s own tariff escalation came an hour after regular trading closed for the week.

Trump’s initial tweets took the president’s aides by surprise, triggering the latest instance of the White House making policy on the fly after Trump issued a directive via Twitter. Trump huddled midday with his economic team including trade adviser Peter Navarro, U.S. Trade Representative Robert Lighthizer, National Economic Council Director Larry Kudlow and Treasury Secretary Steven Mnuchin, who was on vacation and called into the meeting by phone, according to a senior administration official.

The president seems unlikely to back away from the trade stand-off with China anytime soon, close White House allies and current and former administration officials said.

During a two-hour meeting in the Oval Office on Monday with several top aides and Cabinet members, Trump repeatedly told attendees “I just want a fair deal” when it comes to China. The meeting included discussion of both China and trade, among other topics, ahead of this weekend’s G7 summit.

“The president is optimistic and confident that the U.S. has the benefit and the upper hand with China,” insisted one former senior administration official. “I do not think he will back down.”

Current and former White House aides viewed China’s retaliatory tariffs on Friday — and Trump’s Twitter response to them — as both countries angling for dominance ahead of the G7.

China earlier Friday announced a fresh round of tariffs on $75 billion in U.S. goods ranging from 5 percent to 10 percent. They will go into effect in waves beginning Sept. 1 and Dec. 15, Beijing said.

China’s state-run news agency Xinhua on Friday quoted the country’s tariff commission, which said the penalties were in response to levies threatened by the U.S. on $300 billion worth of Chinese goods.

“The U.S. measures have led to the continuous escalation of China-U.S. economic and trade frictions, which have greatly harmed the interests of China, the U.S. and other countries, and have also seriously threatened the multilateral trading system and the principle of free trade,” Beijing said.

The announcement from China came just before a speech from Powell in which he said the central bank stands ready to do what is necessary to support the record-long U.S. economic expansion. But he did not signal that significant interest rate cuts will be coming soon, angering Trump.

“As usual, the Fed did NOTHING! It is incredible that they can ‘speak’ without knowing or asking what I am doing, which will be announced shortly. We have a very strong dollar and a very weak Fed. I will work ‘brilliantly’ with both, and the U.S. will do great,” Trump tweeted.

He then launched a personal attack on Powell, writing, “My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?”

Among the other options Trump was weighing for hitting back against Beijing was reversing a special waiver granted this week that gave U.S. companies three more months to conduct a limited amount of business with blacklisted Chinese telecommunications giant Huawei, said a person close to the deliberations. The president made no mention of taking action with regard to Huawei in his Friday evening tweets.

Trump’s outrage at China’s retaliation was largely driven by his perception that the Chinese economy is on the brink of ruin and Beijing would be reluctant to make a move that would further put it in jeopardy, the person said.

“It was a great surprise to Trump,” the person said of China’s announcement that it would retaliate.

Trump has repeatedly claimed in recent days that U.S. tariffs were causing China to hemorrhage jobs, up to 2.5 million “in a very short period of time,” and has cited other numbers.

“They had the worst year in 27 years, but I think it was actually 52 or 54 years. It was the worst year they’ve had in a half a century. And that’s because of me,” Trump told reporters Wednesday.

The person close to the talks said Trump’s view has been largely informed by Navarro, who has advocated a complete decoupling between the U.S. and Chinese economies. Trump on Friday echoed that sentiment by telling U.S. companies to leave China.

Other aides have cautioned Trump not to discount China’s ability to weather economic pain and its willingness to retaliate against the additional tariffs he announced on Aug. 1, the person said.

Trump’s tariff escalation will leave U.S. companies even more uncertain about purchasing, investments and day-to-day business, business groups said.

“It’s impossible for businesses to plan for the future in this type of environment,” said David French, the National Retail Federation’s senior vice president for government relations. “Where does this end?”

The Retail Industry Leaders Association warned Trump to end the trade war before any damage becomes irreversible. “If uncertainty spreads from Wall Street to Main Street, the record expansion we’re enjoying will undoubtedly come to an end and it will be the American consumer, not China, who will suffer,” said Brian Dodge, the group’s chief operating officer.

The tariff escalation to 30 percent will increase import costs for a list that includes hundreds of intermediate goods, such as machinery and chemicals, used by U.S. manufacturers. Goods that will see a 15 percent tariff — an increase from the initial 10 percent rate — include a wide array of consumer goods including clothes, smartphones, computers and other electronics.

The latest move by Trump could make a possible deal between the U.S. and China even more remote.

“It’s very difficult to step back from the brink once you’ve gone this far, but you’re not going to get a deal under these circumstances,” said Rufus Yerxa, president of the National Foreign Trade Council.

“So your choices are either you step backwards and admit failure, or you keep charging ahead further into more danger,” he added. “Unfortunately, he seems to be heading forward into more danger.”

American farmers have felt the brunt of the trade war for the last year and the latest escalation has them bracing for more pain.

“Real people — Chinese citizens, the American public, and our soybean farmers — are the ones feeling the effects of this trade war,” said Davie Stephens, a soybean farmer from Clinton, Ky., who serves as president of the American Soybean Association.

Stephens also lamented that the escalation of tariffs will mean tough conditions will persist for a long time. “The longevity of this situation means worsening circumstances for soy growers who still have unsold product from this past season and new crops in the ground this season — with prospects narrowing even more now for sales with China,” he said.

The Trump administration has increasingly cited the need to realign U.S. agriculture away from China. But that’s a tall order given the sheer size of the country, its increasing demand for protein and the many years U.S. producers spent in cultivating the market.

Pork exporters are particularly feeling frustrated by the fact that they cannot take advantage of the lucrative Chinese market. Imports from the United States already face 62 percent duties and will soon have 10 percent more added. (Still, 2019 so far has been better for the pork industry than last year because African swine fever has devastated pig herds in China, forcing China to import more.)

“U.S. pork producers are eager to compete on a level playing field in China and to more fully participate in this unprecedented opportunity,” the National Pork Producers Council said in a statement. “Unfortunately, the current trade dispute prevents us from doing so.”

Meanwhile, U.S. companies in China say they aren’t going anywhere despite Trump’s latest Twitter order and the ongoing challenges of operating in that market.

“China will contribute a significant proportion of global growth in the decades ahead,” said Jake Parker, senior vice president of the U.S.-China Business Council. “Missing out on that opportunity would weaken the competitiveness of U.S. industry and harm the United States national interests at home.”

The U.S. Chamber of Commerce, the leading lobbying group for U.S. businesses, sought to lower the temperature. “U.S. companies have been ambassadors for positive changes to the Chinese economy that continue to benefit both our people,“ said Myron Brilliant, the Chamber’s executive vice president and head of international affairs. “We do not want to see a further deterioration of U.S.-China relations. We urge the administration and the government of China to return to the negotiating table.“

Earlier on Friday, Navarro, who provides a strong protectionist voice on U.S. trade talks within the Trump administration, denied that China’s announcement caught the White House off guard and downplayed the impact of the move.

“This was a move that was well-signaled,” Navarro said on CNN. “It’s breaking news, I guess, but it was well-anticipated.”

The latest front in the tariff battle between China and the U.S. comes as fears grow about a recession. Trump has tweeted relentlessly about the issue in recent days, pinning blame on Powell while he heralded what he says is a booming economy that he’s accused the news media of trying to tank to hurt his reelection prospects.

Though he conceded the economy was slowing, Navarro blamed the Fed for slow-walking rate cuts, calling economic worries “a pure Federal Reserve effect on higher interest rates.”

Navarro was pressed on some business leaders’ admissions that the uncertainty due to the trade war was dampening investment, but he again blamed monetary policy emanating from the Fed.

“They can’t make investments because the Fed raised interest rates too far, too fast,” he argued. “If you raise interest rates, you cut down investment and you cut down exports.”

But business groups contradicted Navarro, expressing a clear annoyance with the constant threats.

“It’s impossible for businesses to plan for the future in this type of environment,” said David French, senior vice president of the National Retail Federation, after Trump announced his retaliation. “The administration’s approach clearly isn’t working, and the answer isn’t more taxes on American businesses and consumers. Where does this end?”

Ahead of Powell’s speech, both Navarro and Trump appeared confident in what the Fed chief would say, sentiments that apparently evaporated immediately after the Fed chairman’s remarks at a Kansas City Fed conference in Jackson Hole, Wyo.

“Now the Fed can show their stuff!” Trump said about an hour before the speech.

Navarro also talked up Powell’s remarks, framing them as a potential counterweight to the tariff news.

“What’s important today — look, this is a big day, tomorrow is a big day. It’s a big day today because we’re going to get better signals from the federal reserve as to whether they’re going to get in line with over 30 central banks around the world that have been cutting rates,” he said, adding later that forecasting aggressive rate cuts should show “he’s got America’s back.”

The central bank and Powell have become favorite punching bags of Trump as ominous economic signs have emerged ahead of next year’s election. But Navarro, unprompted at the top of the CNN interview, said there’s “no anxiety in the White House about the economy.”

“We don’t run around the West Wing with anxiety. We look at the chessboard and we see basically a strong Trump economy growing at 2 percent because of tax cuts, deregulation, cheap energy and trade,” he said.

While China‘s latest latest retaliatory tariffs seem to have especially provoked Trump’s fury, they represent “a mild, proportionate response,” to the U.S. decision earlier this month to move forward with more duties, said Agathe Demarais, global forecasting director at The Economist Intelligence unit.

“The recent rise in nationalist, patriotic behavior in China means that it would have been impossible for the Chinese government not to react to the latest U.S. tariffs,” she said.

In the grand scheme of things, tariffs of 5 percent to 10 percent on $75 billion worth of imports “is not even a rounding error in estimating the impact on the U.S. economy,” added Derek Scissors, a China expert at the American Enterprise Institute who has advised the Trump administration.

But the move is more of a “token action” that signals that Beijing doesn’t see ongoing trade talks between the two countries going anywhere, he said.

The two sides have for more than a year been engaged in talks discussing systemic issues like China’s handling of U.S. intellectual property and other market access and trade issues, including its purchases of American farm goods.

In his later tweets, Trump also singled out shipping companies, writing, “Also, I am ordering all carriers, including Fed Ex, Amazon, UPS and the Post Office, to SEARCH FOR & REFUSE, all deliveries of Fentanyl from China (or anywhere else!). Fentanyl kills 100,000 Americans a year. President Xi said this would stop – it didn’t. Our Economy, because of our gains in the last 2 1/2 years, is MUCH larger than that of China. We will keep it that way!”

Trump and his aides have been mostly unyielding in his complaints that Powell and the Fed are to blame for any economic sluggishness, but Powell on Friday singled out the erratic trade directives coming from the White House.

Powell vowed that the central bank will “act as appropriate” to sustain a record-breaking, decade-long stretch of economic growth following the 2008 financial crisis. But he steered away from providing specifics, calling uncertainty stemming from Trump’s trade policies one of the major factors he was keeping an eye on.

He also cited other geopolitical events like the growing possibility of a hard Brexit, rising tensions in Hong Kong and the dissolution of the Italian government, saying “long term bond rates around the world have moved down sharply to near post-crisis lows.“

But the Fed chief emphasized the novelty of the current trade environment, telling the audience that “fitting trade policy uncertainty into this framework is a new challenge. There are … no recent precedents to guide any policy response to the current situation.”

He continued, “while monetary policy is a powerful tool that works to support consumer spending, business investment and public confidence, it cannot provide a settled rulebook for international trade. We can, however, try to look through what may be passing events, focus on how trade developments are affecting the outlook, and adjust policy to promote our objectives.”

Megan Cassella, Liz Crampton and Ryan McCrimmon contributed to this report.

#alternative #China #Foreign #Politics

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myfavoritenames · 5 years

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Rufus H. Yerxa

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npzlawyersforimmigration · 5 years

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President Trump said Thursday that he planned to impose a 5 percent tariff on all imported goods from Mexico beginning June 10, a tax that he said would “gradually increase” until Mexico stopped the flow of undocumented immigrants across the border. ... Rufus Yerxa, the president of the National Foreign Trade Council, which represents the nation’s largest exporters, called the move “a colossal blunder.” “If not reversed, it will destabilize all our trade relationships while causing huge damage to our own industries,” he said.

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mikemortgage · 5 years

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A hill of beans: Soybeans upstage trade talks

WASHINGTON — Soybeans account for less than 1 per cent of all the goods and services the United States sells the rest of the world.

But somehow the humble legumes are upstaging weightier, thornier issues as the Trump administration tackles trade disputes with China, the European Union and other trading partners. Critics worry that focusing on getting foreigners to buy soybeans and other U.S. goods is a distraction from the push them to make deeper economic reforms that would offer longer-lasting benefits to the United States.

The outsize importance of soybeans — mostly used as animal feed but also consumed by humans in everything from General Tso’s Tofu to soy lattes — was apparent again recently in two days of U.S.-China trade talks.

The world’s two biggest economies didn’t make much progress on their differences over the aggressive tactics — including cybertheft — that Beijing is allegedly using to challenge U.S. supremacy in cutting-edge industries like driverless cars and artificial intelligence.

But to the president’s delight, they did agree on one thing: In an unexpected deal that even surprised the top U.S. trade negotiator, China said that it would buy 5 million metric tons of American soybeans over an unspecified period.

“China as a sign of goodwill has agreed to purchase a tremendous, massive amount of soybeans,” Trump told reporters.

He said he had consulted with Agriculture Secretary Sonny Perdue and learned that “our farmers are extremely happy.”

“It’s a nice kind of olive branch,” said Peter Meyer, head of grain and oilseed analytics at S&P Global Platts.

Soybeans, which accounted for just $21.5 billion of $2.4 trillion in U.S. exports in 2017, seem to be punching above their weight in U.S. trade policy.

Farming is one of the few areas in which the United States sells more to the rest of the world than it buys, China included. Powerful lobbies represent American agricultural interests in Washington. And farmers tend to be enthusiastic Trump supporters.

The emphasis on soybeans has drawbacks, critics say. In the confrontation with China, for example, it diverts attention from the tough tech issues that divide the world’s two biggest economies and may decide whether Beijing or Washington presides over the economy of the future. And it implies that the Chinese might be able to avoid substantive concessions on their economic policies simply by agreeing to buy more American stuff and putting a dent in the massive U.S. trade deficit with China. That amounted to $336 billion in 2017 and was likely higher last year.

“There’s confusion about what the administration’s objectives are,” said Rufus Yerxa, president of the National Foreign Trade Council and a former U.S. trade official.

In a letter last week, Senate Minority Leader Chuck Schumer of New York and fellow Democratic Sens. Ron Wyden of Oregon and Sherrod Brown of Ohio warned Treasury Secretary Steven Mnuchin that any deal with China should force Beijing to end the abusive practices that put U.S. tech firms at a competitive disadvantage and to enact fundamental economic reforms that would make the Chinese market more accessible to U.S. and other foreign firms.

An agreement that settles for Chinese purchases of American goods, intended to narrow the trade deficit, would be viewed on Capitol Hill as “an abject failure,” they wrote.

Soybeans have taken a prominent place in previous Trump administration trade talks. The United States and the European Union at least temporarily backed away from a potential trade war over cars last July when the Europeans agreed, among other things, to load up on American soybeans.

America’s trading partners are well aware of the outsize influence farmers enjoy in Washington. When Trump last year started slapping import taxes on Chinese goods and on foreign steel and aluminum, they targeted their retaliation on the American Heartland, imposing tariffs on soybeans and other farm products.

China’s soybean tariffs had a devastating effect. Before the trade hostilities erupted last year, China bought nearly 60 per cent of the soybeans the United States exported. Then the tariffs kicked in: In the first 10 months of 2018, U.S. soybean exports to China dropped to 8.2 million metric tons from 21.4 million metric tons a year earlier — a 62 per cent freefall, according to the U.S. Department of Agriculture.

The backlog of unsold soybeans also pushed down U.S. prices, spreading more pain in farm country.

“We need some good news,” said Blake Hurst, a soybean and corn farmer in northwestern Missouri’s Atchison County and president of the Missouri Farm Bureau.

So Hurst and other farmers welcomed China’s decision to buy American beans. But their relief is limited. Hurst worries it’s a one-time purchase and not the resumption of business as usual.

China bought 31.7 million metric tons of American soybeans in 2017 and 36.1 million in 2016. Five million metric tons doesn’t do much to fill the gap.

“It’s still woefully short of what they used to do,” said Ron Moore, who grows corn and soybeans in Roseville, Illinois and serves as chairman of the American Soybean Association. “We’re not there yet.”

Even after U.S.-China trade tensions ease, soybean industry consultant John Baize said it might be a good idea for the U.S. and China to scale back their soybean trade. The economic and geopolitical rivals are likely clash again over issues such as trade, Taiwan and Chinese territorial claims in the South China Sea. Soybeans could once again be held hostage.

So Baize says the U.S. should sell more to other markets — such as Southeast Asia, Pakistan and Egypt — where demand for soybeans is growing as people earn more money and eat more meat, increasing the need for animal feed. Meanwhile, China should buy more from alternative suppliers like Brazil that probably aren’t potential adversaries, he said.

“We will wind up with more reliable customers, and they will wind up with less-disruptable suppliers,” he said.

——

Darlene Superville and Deb Riechmann in Washington contributed to this story.

——

Follow Paul Wiseman on Twitter at https://twitter.com/PaulWisemanAP

from Financial Post http://bit.ly/2HVpaPx via IFTTT Blogger Mortgage Tumblr Mortgage Evernote Mortgage Wordpress Mortgage href="https://www.diigo.com/user/gelsi11">Diigo Mortgage

#IFTTT #Financial Post

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tuseriesdetv · 6 years

Text

Noticias de series de la semana: 'Shameless' se queda sin Emmy

Cancelaciones

La cuarta temporada de Mr. Robot (USA Network) será la última

Noticias cortas

Emmy Rossum (Fiona) abandonará Shameless tras su novena temporada.

Lyric Ross (Deja) será regular en la tercera temporada de This Is Us.

Justin Sundquist, el doble de acción de MacGyver, ha sido despertado del coma, ha salido de cuidados intensivos, responde y se comunica con sus amigos y familiares.

Netflix ha fichado a Harlan Coben para que adapte catorce de sus novelas pasadas y futuras.

Parece que Designated Survivor ha sido rescatada por otra cadena para una tercera temporada.

Incorporaciones y fichajes

Jane Krakowski (Unbreakable Kimmy Schmidt, 30 Rock) será la madre de Emily (Hailee Steinfeld) en Dickinson.

Adam Brody (The O.C., StartUp) se une a Curfew. Será Max Larssen, un misterioso millonario megalómano.

Chad Michael Murray (One Tree Hill, Agent Carter) será recurrente en la tercera temporada de Star como Xander McPherson, un oportunista inversor de bienes inmuebles envuelto en una tóxica relación con Cassie (Brandy Norwood).

Blake Jenner (Glee, Everybody Wants Some) protagonizará What/If junto a Renée Zellweger y Jane Levy.

Tyler Hoechlin (Teen Wolf, Supergirl), Justin Chatwin (Shameless, Orphan Black), Samuel Anderson (Trollied, Doctor Who), Elizabeth Faith Ludlow (The Walking Dead, Satisfaction) y Blu Hunt (The Originals, The New Mutants) protagonizarán Another Life junto a Katee Sackhoff. Serán Ian Yerxa, antiguo comandante de la nave; Erik Wallace, parte del comando interestelar encargado de encontrar vida inteligente y marido de Niko (Sackhoff); William, interfaz holográfica con el conocimiento de toda la humanidad; Cas Isakovic, segunda de a bordo de Niko; y August, ingeniera jefe.

Jennifer Esposito (Mistresses, The Affair) será la agente de la CIA Susan Raynor en cinco episodios de The Boys.

Imelda Staunton (Vera Drake, Harry Potter), Geraldine James (Utopia, Anne with an E), Simon Jones (The Hichhiker's Guide to the Galaxy), David Haig (Killing Eve, Penny Dreadful), Tuppence Middleton (Sense8, War & Peace), Kate Phillips (Peaky Blinders, The Crown) y Stephen Campbell Moore (The Last Post, The Wrong Mans) se unen a la película de Downton Abbey.

Ashley Greene (Twilight, Rogue) será Nine Sanders, una representante de artistas que vuelve a Atlanta para supervisar los detalles del tour de Sage (Ne-Yo), en la segunda temporada de Step Up: High Water.

Walton Goggins (Six, Vice Principals) será el nuevo protagonista de Deep State, sustituyendo a Mark Strong, en su segunda temporada. Le acompañarán Victoria Hamilton (The Crown, Doctor Foster), Lily Banda y Shelley Conn (Liar, The Lottery).

Alan Tudyk (Suburgatory, The Tick) será el villano Eric Morden/Mr. Nobody en Doom Patrol.

Daniella Alonso (Revolution, Animal Kingdom) será recurrente en la segunda temporada de The Resident como Zoey Barlow, madre soltera con dos hijos adoptivos con enfermedades crónicas.

Sophie Cookson (Kingsman, Gypsy) protagonizará The Trial of Christine Keeler, sobre el caso Profumo.

Samantha Mathis (The Strain, Under the Dome) será Sara Hammon, nueva COO de Taylor Mason Capital, en la cuarta temporada de Billions.

Damon Herriman (Justified, Flesh and Bone) será Charles Manson en la segunda temporada de Mindhunter. Como curiosidad, también interpretará a Manson en Once Upon a Time in Hollywood, la próxima película de Quentin Tarantino.

Efrat Dor (The Zoekeeper's Wife, Greenhouse Academy) será recurrente en la tercera temporada de Sneaky Pete como Lizzie, una estafadora amoral y nihilista.

Shantel VanSanten (Shooter, One Tree Hill), Wrenn Schmidt (The Looming Tower, Person of Interest), Rebecca Wisocky (Devious Maids, Heathers), Eric Ladin (Six, Shooter) y Arturo del Puerto (The Bridge, Fear The Walking Dead) se unen a la serie de Ronald D. Moore para Apple. Serán Karen, la esposa de Edward Baldwin (Kinnaman); Margo Madison, ingeniera de la NASA; Marge Slayton, esposa del director del programa espacial; Gene Kranz, uno de los directores de control; y Octavio Rosales, un inmigrante que busca una vida mejor para su familia.

Bianca Kajlich (Rules of Engagement, Undateable) y Jacqueline Obradors (NYPD Blue, Mayans M.C.) serán recurrentes en la quinta temporada de Bosch como la investigadora Christina Henry y la detective Christina Vega.

Jing Lusi (Crazy Rich Asians, Lucky Man) se une al reparto de The Feed.

Malik Yoba (Empire, New York Undercover) será recurrente en God Friended Me como Terrence, tío de Miles (Brandon Micheal Hall).

Ryan Hurst (Sons of Anarchy, Bates Motel) será Beta, segundo líder de los Whisperers, en la novena temporada de The Walking Dead.

Hunter Clowdus (American Vandal) será recurrente en All American como J.J., miembro del nuevo equipo de Spencer (Daniel Ezra).

Aleks Paunovic (Van Helsing, iZombie) será recurrente en Snowpiercer como Bojan Boscovic, encargado de liberar de hielo el camino del tren.

Jessica Miesel (The Resident) se une como recurrente a The Purge.

Chivonne Michelle se une como recurrente a Jett.

Robert Wisdom (The Alienist, Nashville) y KJ Smith (Dynasty) serán recurrentes en The Fix como Buck Neal, investigador que trabaja junto a Ezra Wolf (Scott Cohen); y Charlie, asistente ejecutiva de Ezra.

Théodore Pellerin (Boy Erased, Juste la fin du monde) se une a On Becoming a God in Central Florida.

Eric Lange (Victorious, Narcos) será recurrente en la tercera temporada de The Man in the High Castle como General Whitcroft, segundo de John Smith (Rufus Sewell).

Paulina Singer (Dead of Summer) será Laney, una joven rebelde e ingenua, en Tell Me a Story.

Natalee Linez será recurrente en la segunda temporada de Siren como Nicole, una misteriosa mujer con sus propios objetivos.

Aisling Bea (Hard Sun, The Fall) protagonizará Living With Yourself junto a Paul Rudd. Se desconocen detalles.

Anna Silk (Lost Girl) será recurrente en Blood & Treasure como Roarke, rastreadora y luchadora internacional.

Tom Stevens (Beyond, Wayward Pines) será Chester 'Fuckface' Wilson, residente del hogar en el que vivió Marcus (Benjamin Wadsworth), en Deadly Class.

Karen Pittman (Luke Cage, The Americans) será Angela Brewster, la madre de Willa, en NOS4A2.

Pósters

Nuevas series

Luz verde directa en Epix a diez episodios de Our Lady, LTD, drama escrito por Steve Conrad (Patriot, The Pursuit of Happiness) y Bruce Terris (Patriot, The Assets) y dirigido por Conrad, sobre un joven (Jimmi Simpson; Westworld, House of Cards) que intenta estafar a un pastor (Ben Kingsley; Gandhi, House of Sand and Fog) que resulta ser mucho más peligroso de lo que él imagina.

Hulu desarrolla The Great, limited series sobre el ascenso al poder de Catherine the Great y su explosiva relación con su marido Peter, emperador de Rusia. Protagonizada por Elle Fanning (Maleficent, The Beguiled) y Nicholas Hoult (Skins, X-Men). Escrita por Tony McNamara (The Favourite).

Hulu ha encargado dieciséis episodios (dos temporadas) de Solar Opposites, comedia de animación de Justin Roiland (Rick & Morty), que además pondrá voz al protagonista, sobre una familia de alienígenas que abandona su planeta y se muda a un suburbio de Estados Unidos.

Lee Child quiere adaptar sus novelas de Jack Reacher en una serie con diez o doce episodios dedicados a cada una. Busca un actor más alto e intimidante y no necesariamente tan famoso como Tom Cruise. Espera poder anunciar un trato en otoño.

Fechas

Strangers se estrena en ITV el 10 de septiembre

Black Earth Rising se estrena en BBC Two el 10 de septiembre

La tercera temporada de No Offence se estrena en Channel 4 el 13 de septiembre

La segunda temporada de Big Mouth llega a Netflix el 5 de octubre

The Haunting of Hill House llega a Netflix el 12 de octubre

Titans se estrena en DC Universe el 12 de octubre

La tercera temporada de StartUp se estrena en Sony Crackle el 1 de noviembre

Otras imágenes

Tobias Menzies en The Crown

Titans

Tráilers

True Detective - Temporada 3

youtube

Sorry For Your Loss

youtube

The First

youtube

Riverdale - Temporada 3

youtube

Big Mouth - Temporada 2

youtube

The Walking Dead - Temporada 9

youtube

My Brilliant Friend

youtube

The Good Doctor - Temporada 2

youtube

No Offence - Temporada 3

youtube

The Conners

youtube

#series tv #television

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marilynngmesalo · 6 years

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U.S., EU agree to work toward ‘zero tariffs’ to avoid potential trade war

U.S., EU agree to work toward ‘zero tariffs’ to avoid potential trade war https://ift.tt/eA8V8J U.S., EU agree to work toward ‘zero tariffs’ to avoid potential trade war

WASHINGTON — President Donald Trump and European leaders pulled back from the brink of a trade war over autos Wednesday and agreed to open talks to tear down trade barriers between the United States and the European Union.

But while politicians and businesses welcomed the deal Thursday, the agreement was vague, the negotiations are sure to be contentious and the United States remains embroiled in major trade disputes with China and other countries.

In a hastily called Rose Garden appearance with Trump, European Commission President Jean-Claude Juncker said the U.S. and the EU had agreed to hold off on new tariffs, suggesting that the United States will suspend plans to start taxing European auto imports — a move that would have marked a major escalation in trade tensions between the allies.

Trump also said the EU had agreed to buy “a lot of soybeans” and increase its imports of liquefied natural gas from the U.S. And the two agreed to resolve a dispute over U.S. tariffs on steel and aluminum.

“It’s encouraging that they’re talking about freer trade rather than trade barriers and an escalating tariff war,” said Rufus Yerxa, president of the National Foreign Trade Council and a former U.S. trade official. But he said reaching a detailed trade agreement with the EU would likely prove difficult.

The tone was friendlier than it has been. During a recent European trip, Trump referred to the EU as a “foe, what they do to us in trade.” Juncker, after Trump imposed tariffs on steel and aluminum imports, said in March that “this is basically a stupid process, the fact that we have to do this. But we have to do it. We can also do stupid.”

On Wednesday, Trump and Juncker said they have agreed to work toward “zero tariffs” and “zero subsidies” on non-automotive goods.

Trump told reporters it was a “very big day for free and fair trade” and later tweeted a photo of himself and Juncker in an embrace, with Juncker kissing his cheek.

“Obviously the European Union, as represented by @JunckerEU and the United States, as represented by yours truly, love each other!” he wrote.

The agreement was welcomed by political and business leaders in Germany, the EU’s biggest economy, though their relief was tempered with caution that details have to be firmed up.

“Very demanding and intensive negotiations lie ahead of us,” German Economy Minister Peter Altmaier said, vowing that “we will represent and defend our European interests just as emphatically as the U.S. does with its interests.” He said the Trump-Juncker accord was “a good start — it takes away many people’s worries that the global economy could suffer serious damage in the coming months from a trade war.”

//<![CDATA[ ( function() { pnLoadVideo( "videos", "n1ebTDf_FvU", "pn_video_179100", "", "", [] ); } )(); //]]>

Trump campaigned on a vow to get tough on trading partners he accuses of taking advantage of bad trade deals to run up huge trade surpluses with the U.S.

He has slapped taxes on imported steel and aluminum, saying they pose a threat to U.S. national security. The U.S. and EU are now working to resolve their differences over steel and aluminum — but the tariffs are still in place. And they would continue to hit U.S. trading partners like Canada, Mexico and Japan even if the U.S. and the EU cut a deal.

Whatever progress was achieved Wednesday could provide some relieffor U.S. automakers. The escalating trade war and tariffs on steel and aluminum had put pressure on auto companies’ earnings. General Motors slashed its outlook, and shares of Ford Motor Co. and auto parts companies have fallen.

“Our biggest exposure, our biggest unmitigated exposure, is really steel and aluminum when you look at all of the commodities,” GM CEO Mary Barra said Wednesday.

Trump has also imposed tariffs on $34 billion of Chinese imports — a figure he has threatened to raise to $500 billion — in a dispute over Beijing’s aggressive drive to supplant U.S. technological dominance.

China has counterpunched with tariffs on American products, including soybeans and pork — a shot at Trump supporters in the U.S. heartland.

The EU is stepping in to ease some of U.S. farmers’ pain. Juncker said the EU “can import more soybeans from the U.S., and it will be done.”

Mary Lovely, a Syracuse University economist who studies trade, said, “The Chinese are not going to be buying our soybeans, so almost by musical chairs our soybeans are going to Europe.” The trouble is, China last year imported $12.3 billion in U.S. soybeans, the EU just $1.6 billion.

Trump’s announcement stunned lawmakers who arrived at the White House ready to unload concerns over the administration’s trade policies only to be quickly ushered into Rose Garden for what the chairman of the Senate Agriculture Committee called “quite a startling” development.

“I think everybody sort of changed what they were going to say,” said Sen. Pat Roberts, R-Kan.

Lawmakers said they still needed to see details of the agreement with the EU as well as progress on the other deals. But they said the breakthrough announcement was a step in the right direction.

“We have more confidence in him now than we did before,” said Rep. Mike Conaway, R-Texas, the chairman of the House Agriculture Committee.

The White House announcement came as the Trump administration announced a final rule aimed at speeding up approval of applications for small-scale exports of liquefied natural gas. The Trump administration has made LNG exports a priority, arguing that they help the economy and enhance geopolitical stability in countries that purchase U.S. gas.

Juncker said the two sides also agreed to work together to reform the World Trade Organization, which Trump has vehemently criticized as being unfair to the U.S.

The auto tariffs would have significantly raised the stakes in the dispute. Taxes on EU cars, trucks and auto parts could have hit goods that were worth $335 billion last year. The European Union had warned it would retaliate with tariffs on products worth $20 billion.

Daniel Ikenson, director of trade studies at the libertarian Cato Institute, warned that the fight could flare up again if Trump grows impatient with Europe.

“Auto tariffs are looming unless the EU buys more U.S. stuff and does other things Trump demands,” he said.

//<![CDATA[ ( function() { pnLoadVideo( "videos", "lzNr6delbT8", "pn_video_833981", "", "", [] ); } )(); //]]> Canoe Click for update news world news https://ift.tt/2LDwIHu world news

#metronews24 bangla #Latest Online Breaking Bangla News #Breaking Bangla News #prothom alo #bangla news #b

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titanunabashedpoetryfire-blog · 6 years

Text

專家：希望美中貿易戰不會走入下一階段

美國已準備好向中國商品增施關稅。這一由來已久的威脅定會激發北京對美國商品的報復，讓美中兩國陷入兩敗俱傷、前途未卜的貿易戰之中。

據《芝加哥論壇報》（Chicago Tribune）報導，美海關官員計劃將於週五（6日）12時01分向價值340億美元的中國商品增施關稅。中國官員也表示，將以牙還牙，向包括豬肉、禽類、大豆和玉米在內的進口美國商品施加同樣的懲罰。上個月，特朗普總統曾立誓，若北京如此作為，他還將繼續向價值200億美元的中國商品加稅。

縱使被撤銷，近1/4世紀以來美中兩大經濟體逐漸的融合也將被這些舉動打破，成為歷史性的印記。為減少對國內消費者的影響，美國此次加稅面向的是進口的工業產品，其目的是迫使中國放棄一些被特朗普稱��歧視美國企業的貿易政策。

經過了幾個月的口水戰，新一輪加稅給美國國內市場，企業供應鍊和商業投資帶來了實實在在的打擊。

跨國企業的代表—美國對外貿易委員會（National Foreign Trade Council）主席耶克薩（Rufus Yerxa）說：“我認為這不會那麼容易化解，我認為這些關稅將會損害美國的經濟。”

根據美聯儲（Federal Reserve Board）週四（5日）最新發布的會議紀要顯示，由貿易引發的裂痕已在強健的美國經濟中彰顯出來：為應對特朗普的加稅舉措，美國的貿易夥伴（如中國）已設立貿易壁壘。這樣的情況下，美國農民對其產品出口倍感擔憂，全美的商業人士則做出了資本支出計劃將遭到推遲或縮減的預測。甚至鋼鐵鋁產業的生產商也沒有進行新一輪增加產能投資的計劃，即使他們處在特朗普3月關稅制裁的保護之下。

“貿易戰對美國經濟的淨衝擊將會是十分消極的。”德銀證券（Deutsche Bank Securities）首席經濟師斯洛克（Torsten Slok）在郵件中寫道，“更重要的是，這些風險在繼續增加，政府實施貿易戰對國內經濟產生的消極影響相比給美公司減稅帶來的正面影響來說要更大。”

那些支持向中國施壓，令其改變貿易慣例的工業團體也公開對總統大幅增施關稅表達了反對。

美國零售聯合會（National Retail Federation）主席謝伊（Matthew Shay）表示：“美國的消費者們馬上就要全面感受到貿易戰帶來的後果了。這些關稅對保護國內工作崗位起不到任何作用，還會削弱稅改帶來的收益，拉高商品價格，其範圍之廣涉及工具、電池、遙控器、閃存驅動器和恆溫器。”Titan Gel,titangel如何使用,titangel評價評論,Titan Gel效果,titangel官網,泰坦凝膠,俄羅斯Titangel,Titangel使用心得,Titangel效果,titan凝膠,陰莖增大凝膠Titan Gel,titangel如何使用,titangel評價評論,Titan Gel效果,titangel官網,泰坦凝膠,俄羅斯Titangel,Titangel使用心得,Titangel效果,titan凝膠,陰莖增大凝膠Titan Gel,titangel如何使用,titangel評價評論,Titan Gel效果,titangel官網,泰坦凝膠,俄羅斯Titangel,Titangel使用心得,Titangel效果,titan凝膠,陰莖增大凝膠

政府官員們表示，在經濟加足馬力、失業率達到18年以來最低的情況下，是時候讓美國將其長久以來的抱怨全盤托出。

長久以來，特朗普一直稱中國在實施“經濟侵略”，他把美國生產行業的崗位流失歸咎於中國的貿易欺騙。

儘管特朗普常說要與中國做交易，但在增施關稅之舉發起前的幾小時內，美中兩國並未進行協商。

中國的回擊似乎指向的是幫助特朗普入主白宮的中心地帶。中西部紅州的農民擔心他們將失去中國這個有利可圖的市場，只剩下寫著過剩農產品和牲畜的賬單。

專家們表示，接下來會發生什麼，只能靠猜想，因為雙方都發誓絕不退讓。

歐盟商會前主席伍德克（Jörg Wuttke）說：“這對全球貿易來說預示著黑暗的明天。”

上海美國商會會長季瑞達（Kenneth Jarrett）希望，貿易戰的開始能讓人們感受到代價有多麼巨大，這樣“我們就不會進入到下一階段”。

#http://www.twtitangel.com/

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democratsunited-blog · 6 years

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FOX NEWS FIRST: Trump predicts Dems will be put on ICE in November; Dems in dissension; Mexico elects ‘messiah’

https://uniteddemocrats.net/?p=5065

FOX NEWS FIRST: Trump predicts Dems will be put on ICE in November; Dems in dissension; Mexico elects ‘messiah’

Welcome to FOX News First. Not signed up yet? Click here.

Developing now, Monday, July 2, 2018

FOX News Exclusive: President Trump says he is not likely to ask his Supreme Court nominee’s view on Roe vs. Wade and predicts Democrats will lose ‘badly’ in the midterm elections if they continue their push to abolish ICE in wide-ranging interview with Fox News’ Maria Bartiromo

Democrats appear to be in disarray as Rep. Maxine Waters admits she was ‘surprised’ by party leader’s criticism over her recent controversial comments about ‘confronting’ Trump administration officials. In addition, a top Democratic senator dissents from growing party calls to abolish ICE

A left-wing populist who fervently opposed President Trump’s immigration policies won Mexico’s presidential election Sunday night

NBA superstar LeBron James agrees to four-year, $154 million blockbuster contract with the Los Angeles Lakers, once again leaving behind his hometown Cleveland Cavaliers

THE LEAD STORY – FOX NEWS EXCLUSIVE – TRUMP ON SUPREME PICK, ROE V. WADE … AND PUTTING DEMS ON ICE: President Trump expects his next Supreme Court pick “to go very quickly” and says he is unlikely to ask his nominee’s position on the landmark Roe vs. Wade abortion rights case … In a wide-ranging interview with Maria Bartiromo on Fox News Channel’s “Sunday Morning Futures,” Trump said abortion rights “could very well end up” being determined on a state-by-state basis after a new Supreme Court justice is seated, but the president said he “probably” would not ask his pick to replace retiring Associate Justice Anthony Kennedy how they would vote on Roe v. Wade. “But I’m putting conservative people on,” Trump said. Trump predicted the new Supreme Court nominee, whom he has vowed to name on July 9, would be approved by the Senate “very quickly,” with “a lot of support.”

In the interview, Trump also predicted Democrats will be “beaten so badly” in the midterm elections if they campaign on the policy of abolishing Immigration and Customs Enforcement (ICE) — just as the once-fringe call to scrap the agency is going mainstream among the left. In New York, socialist primary challenger and ICE opponent Alexandria Ocasio-Cortez’s shocked the party’s establishment by beating Rep. Joseph Crowley, D-N.Y. In the days afterward, Sen. Kirsten Gillibrand and Mayor Bill de Blasio added their support to the cause. Sen. Kamala Harris, D-Calif has said that the U.S. should consider “starting from scratch” while Rep. Mark Pocan, D-Wis., announced he would be introducing a bill on Monday to abolish the agency.

DIVIDED DEMS FALL: Democrats appear to be cracking under the pressure of opposing President Trump, and party infighting is going public months before the midterm elections ... Rep. Maxine Waters, D-Calif., said Sunday that she was “surprised” by criticism from Democratic leaders over her statement that people should “push back” against members of the Trump administration over its immigration policy. Waters attracted criticism from Republicans last weekend after she told rally-goers in her Los Angeles congressional district that members of the public should confront members of the Trump administration and “tell them they’re not welcome.”

Waters made the remarks after White House press secretary Sarah Sanders was asked to leave a Virginia restaurant and Homeland Security Secretary Kirstjen Nielsen left a different restaurant after protesters began shouting at her. House Democratic Leader Nancy Pelosi distanced herself from Waters’ remarks. Senate Democratic Leader Chuck Schumer took to the Senate floor to say that harassment of political opponents was “not right” and “not American.”

Meanwhile, Minnesota Sen. Amy Klobuchar on Sunday bucked calls by fellow high-profile Democrats to abolish ICE, putting a damper on the far-left proposal that has gained mainstream traction in recent days. “We are always going to need immigration enforcement,” Klobuchar said on ABC’s “This Week.”

POLITICAL EARTHQUAKE IN MEXICO: A left-wing populist who railed against President Trump’s immigration policies won a historic victory in Mexico’s presidential election Sunday night, with both of his main rivals conceding before the first official results were announced…. A late-night official quick count from electoral authorities forecast that Andres Manuel Lopez Obrador would win with between 53 percent and 53.8 percent of the vote, a remarkable margin not seen in the country for many years.

Lopez Obrador, known popularly by the acronym “AMLO,” has long been the consensus front-runner in the race, having promised a “transformation” of a country plagued by violence and political scandal. While Lopez Obrador has railed against Mexico’s “mafia of power,” he’s saved some of his strongest words for Trump.

He launched his presidential campaign in the border city of Ciudad Juarez and vowed that Mexico would reassert itself as a “free, sovereign and independent” nation. He has vowed that Mexico “will never be the piñata of any foreign government” and ripped the Trump administration’s policy of separating families who cross the border illegally as “arrogant, racist and inhuman.” He’s also promised to roll back some of outgoing President Enrique Pena Nieto’s policies toward Central American migrants who cross Mexico’s own southern border, saying that his government would no longer do Trump’s “dirty work.”

L.A.-BRON GOES HOLLYWOOD: LeBron James has agreed to a four-year contract with the Los Angeles Lakers, his agency says … Klutch Sports Group announced that the contract would pay James a fully guaranteed $154 million. ESPN reported that the fourth year of the deal was a player option that James can decline in order to become a free agent again after the 2020-21 season. This is the third time in eight years that James has changed teams via free agency. He left the Cleveland Cavaliers following the 2010 season to go to the Miami Heat. He returned to Cleveland following the 2014 season. James isn’t planning any more comments and there won’t be a welcoming press conference or celebration in Los Angeles, a person familiar with his plans told The Associated Press.

AS SEEN ON FOX NEWS WEEKEND

‘EVOLUTION OF A SOCIALIST COUP’: “Right now in America, there are forces dug in, organized, and well-funded doing whatever is necessary to make socialism happen. Today’s demonstrations are part of an ongoing step-by-step agenda to change our country at its very core.” – Judge Jeanine Pirro, in her “Opening Statement” on “Justice with Judge Jeanine,” outlining the current rise of socialism in America. WATCH

ICE AGE FOR DEMS?: “Calls to abolish ICE will lead to the abolishment of the Democrat party.” – Former Secret Service agent Dan Bongino, on “FOX & Friends Weekend,” arguing that calls to abolish ICE will lead to the end of the Democratic Party. WATCH

TRENDING

Trump crashes wedding at Bedminster golf club.

D-Day concert on Sword Beach in France for 75th anniversary draws outrage from some veterans.

American hunter’s images of her black giraffe ‘trophy kill’ spark outrage.

Notorious French criminal escapes from prison using helicopter, sparks massive manhunt.

THE SWAMP

John Bolton on Trump-Putin meeting: Critics shouldn’t develop ‘case of the vapors.’

NSA deleting hundreds of millions of call records, raising questions about surveillance program’s viability.

Obama still backing Pelosi while other Democrats move on.

ACROSS THE NATION

Battling the despair of opioid addiction in an unexpected place.

$45,000-per-year private school in uproar over plan to ‘segregate’ students by race.

PHOTO: Hero golden retriever protects owner from rattlesnake attack, suffers bite on face.

MINDING YOUR BUSINESS

‘Sunday Morning Futures’: Trump refuses to back down from the China tariffs in Bartiromo interview | Trump to delay NAFTA decision.

Canada tariffs on U.S. goods from ketchup to lawn mowers begin.

June jobs report highlights holiday week.

This part-time job pays $300K a year. (Seriously)

Tesla reportedly hits Model 3 manufacturing milestone.

ICYMI: Nine ways to save on vacation this summer.

FOX NEWS OPINION

Harry J. Kazianis: Are the U.S. and North Korea on the brink of another nuclear showdown?

Andy Puzder: Trump’s trade critics are wrong — His tariffs could bring major benefits to America.

Ronald Reagan showed us how to deal with today’s political demonization.

HOLLYWOOD SQUARED

Roseanne Barr claims she’s been offered new TV projects since cancellation scandal.

Heather Locklear voluntarily agrees to long-term rehab.

Sophie Turner says ‘Game of Thrones’ will be ‘bloodier,’ promises ‘more death.’

DID YOU HEAR ABOUT THIS?

Fourth of July tips for keeping pets calm.

Self magazine features plus-size model Tess Holliday on first digital cover.

German ‘Stonehenge’ site reveals 10 dismembered bodies of women, children.

STAY TUNED

On FOX News:

FOX & Friends, 6 a.m. ET: A look at what some law enforcement officials think of some Democrats’ call to abolish ICE. A breakdown of the top candidates to be President Trump’s next pick for the Supreme Court. Guests include: Kellyanne Conway, counselor to President Trump; retired U.S. Marine Corps Bomb Technician Johnny “Joey” Jones; New York Post columnist Michael Goodwin.

FOX News @ Night, 11 p.m. ET: Guests include: Brad Thor, author of “Spymaster.”

On FOX Business:

Mornings with Maria, 6 a.m. ET: More of Maria Bartiromo’s interview with President Trump; Newt Gingrich, former House speaker.

Varney & Co., 9 a.m. ET: Rep. Jim Renacci, Ohio Senate candidate; Michael O’Rielly, FCC commissioner.

Countdown to the Closing Bell, 3 p.m. ET: Amb. Rufus Yerxa, National Foreign Trade Council president and former WTO deputy director general.

On FOX News Radio:

The FOX News Rundown podcast: Months away from the midterm elections, how is each party getting their base ready? Matt Schlapp, chairman of the American Conservative Union, discusses what direction each party should take as they head towards November. An estimated 2 million women and girls in Africa live with obstetric fistula. Ann Gloag, is the founder of Freedom from Fistula and one of the UK’s most successful business leaders. FOX News’ Dana Perino sat down with Gloag to discuss the accomplishments of her humanitarian work on Freedom from Fistula’s 10th anniversary. Plus, commentary by Josh Holmes, former chief of staff to Senate Majority Leader Mitch McConnell and president and founding partner of Cavalry.

Want the FOX News Rundown sent straight to your mobile device? Subscribe through Apple Podcasts, Google Play, and Stitcher.

#OnThisDay

1964: President Lyndon B. Johnson signs into law a sweeping civil rights bill passed by Congress.

1937: Aviator Amelia Earhart and navigator Fred Noonan disappears over the Pacific Ocean while attempting to make the first round-the-world flight along the equator.

1926: The United States Army Air Corps is created.

1776: The Continental Congress passes a resolution saying that “these United Colonies are, and of right ought to be, free and independent States.”

Fox News First is compiled by Fox News’ Bryan Robinson. Thank you for joining us! Enjoy your Monday! We’ll see you in your inbox first thing Tuesday morning.

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newstinxahoi · 7 years

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Thế bất lợi của Mỹ khi đứng ngoài TPP

Hồi tháng 1, Tổng thống Mỹ - Donald Trump đã rút nước này ra khỏi Hiệp định Đối tác Xuyên Thái Bình Dương (TPP), đẩy thỏa thuận thương mại tự do lớn nhất thế giới đến bờ vực sụp đổ. Tuy nhiên, bên lề Diễn đàn Hợp tác Kinh tế châu Á - Thái Bình Dương (APEC) cuối tuần trước tại Việt Nam, 11 nước còn lại đã thống nhất bộ khung cho một thỏa thuận mới, có tên Hiệp định Đối tác Toàn diện và Tiến bộ Xuyên Thái Bình Dương (CPTPP).

Trên CNN, Alexander Capri tại Trường Kinh doanh thuộc Đại học Quốc gia Singapore nhận xét động thái này là “một bước tiến lớn”. Nó cho thấy các nước châu Á và châu Mỹ sẵn sàng bước tiếp, bất chấp quan điểm “Nước Mỹ trên hết” của ông Trump.

CPTPP cũng cho thấy mong muốn của các nước, như Nhật Bản, về việc kiềm chế tầm ảnh hưởng đang ngày càng tăng của Trung Quốc trong khu vực và trên thế giới. Việc Mỹ rút khỏi TPP đã “để lại một khoảng trống ngoại giao kinh tế lớn” trong khu vực, Sanchita Basu-Das tại Trung tâm Nghiên cứu ASEAN tại Singapore cho biết.

Tổng thống Mỹ - Donald Trump tới Hà Nội cuối tuần trước. Ảnh: AFP

Ông Trump thích các hiệp định thương mại song phương. Ông cho rằng bằng cách này, mình có thể đưa ra các thỏa thuận tốt hơn cho người lao động Mỹ.

Tuy nhiên, nếu TPP mới được hoàn tất sớm, các thành viên còn lại trong TPP, như Nhật Bản hay Việt Nam, đều sẽ không mấy mặn mà với các thỏa thuận song phương với Mỹ, Capri nhận định. Ông cũng dự báo ông Trump có thể gặp sức ép tại quê nhà, nếu việc làm ăn của các công ty Mỹ tại các nước TPP bị mất vào tay các doanh nghiệp nước khác, như Canada hay Australia.

“Rủi ro là Mỹ đang ngày càng rời xa các hoạt động tương tác kinh tế trong khu vực”, Christopher Nelson - biên tập viên tạp chí thương mại Nelson Report nhận xét trên New York Times, “và từ quan điểm doanh nghiệp, các công ty Mỹ sẽ mất lợi thế cạnh tranh, nếu không có mặt trong cuộc chơi”.

Sự trỗi dậy của Trung Quốc đang đẩy các quốc gia khác đến tình thế hoặc đi theo, hoặc liên kết với nhau để chống lại. Tốc độ tăng trưởng nhanh tại các thị trường như Đông Nam Á có nghĩa đây là thị trường tiềm năng cho mọi sản phẩm. Vì thế, sự vắng mặt của Mỹ sẽ nhường cơ hội cho các nước khác.

“Đến một thời điểm nào đó, chính phủ có thể sẽ nhận ra đây là một sai lầm chiến lược và không mang lại lợi ích cho nhân công Mỹ”, Rufus Yerxa - Chủ tịch Hội đồng Ngoại thương Quốc gia Mỹ cảnh báo, “Chúng ta phải cạnh tranh và là người chiến thắng trên các thị trường thế giới. Nhưng nguy hiểm là chiến lược lại không ủng hộ điều này”.

*Sự khác nhau giữa CPTPP và TPP

Với CPTPP, các thành viên sẽ được miễn thuế nhập khẩu. Việc này sẽ cho phép các quốc gia tiếp c��n thị trường của nhau nhanh hơn và thuận lợi hơn doanh nghiệp Mỹ.

Trao đổi với VnExpress, Eric L.Schmidt – CEO EventBank (Mỹ) cũng tỏ ra hối tiếc khi Mỹ rút khỏi TPP. “Tôi thấy đây là sai lầm lớn của Chính phủ. Tôi hy vọng lúc nào đó, họ sẽ cân nhắc lại. Mỹ đang sẵn có lợi thế trong khu vực, nhưng việc rút ra là một sai lầm lớn, nhất là trong bối cảnh Trung Quốc đang mở rộng thị trường”, ông nhận xét.

Dù vậy, nhiều chuyên gia cho rằng sự vắng mặt của Mỹ tại TPP có thể chỉ là tạm thời. “Tôi cho rằng sẽ có cơ chế thích hợp để Mỹ gia nhập giai đoạn sau”, Donald Rothwell - Giảng viên luật quốc tế tại Trường Luật thuộc Đại học Quốc gia Australia nhận xét.

Trong khi đó, trên Financial Times, Wendy Cutler - người từng tham gia đàm phán TPP cho Mỹ lại tỏ ra không mấy lạc quan. “Chính quyền hiện tại khó có khả năng quay lại”, ông dự đoán. Trong khi đó, nhiều nước khác như Hàn Quốc, Philippines hay Thái Lan lại được kỳ vọng gia nhập khi hiệp định mới được phê chuẩn.

Dù vậy, CPTPP chưa rõ khi nào sẽ hoàn tất. Một số cho rằng việc này có thể diễn ra khá nhanh, ngay trong đầu năm 2018. “Tôi tự tin chúng ta có thể đạt một thỏa thuận trong tương lai không quá xa”, Bộ trưởng Thương mại Australia - Steven Ciobo cuối tuần trước cho biết.

Thỏa thuận mới sẽ bỏ rào cản thương mại hàng hóa, dịch vụ giữa 11 nước. Nhóm nước này hiện đóng góp 15% GDP toàn cầu. Nó cũng vẫn bao gồm các quy định về bảo vệ môi trường vào người lao động.

Điều quan trọng là, các điều khoản chủ chốt về thương mại điện tử và trao đổi dữ liệu xuyên biên giới vẫn được duy trì, bất chấp Mỹ rút lui. Các điều khoản còn cần đàm phán thêm cũng khá nhỏ, Capri cho biết.

Các quốc gia, như Nhật Bản, đang nóng lòng dùng hiệp định mới để kiềm chế Trung Quốc. Bắc Kinh đang gia tăng tầm ảnh hưởng trong khu vực, đặc biệt qua sáng kiến Vành đai và Con đường. Sáng kiến này nhằm thúc đẩy thương mại trên khắp châu Á và châu Âu thông qua các khoản đầu tư khổng lồ vào cơ sở hạ tầng như đường bộ, đường ray và cảng biển.

“Các cường quốc châu Á vẫn sẽ tìm cơ hội để cân bằng ảnh hưởng của Trung Quốc, dù có hay không có Mỹ”, Abraham Denmark - Giám đốc nghiên cứu châu Á tại Trung tâm Quốc tế Woodrow Wilson cho biết.

Và dù ông Trump đã rút Mỹ khỏi TPP, Trung Quốc cũng chưa chắc đã dễ thở hơn trong việc kéo các nước vào quỹ đạo của mình. Basu-Das cho biết các nước Đông Nam Á đều lo ngại rằng các khoản đầu tư của Trung Quốc thường kéo theo nhiều ràng buộc, như dùng nhân công hay vật liệu của Trung Quốc.

Bên cạnh đó, các tín hiệu gần đây từ Trung Quốc đều cho thấy họ muốn nhận vai trò tiên phong trong quá trình toàn cầu hóa. Chủ tịch Trung Quốc - Tập Cận Bình từng phát biểu tại Diễn đàn Kinh tế Thế giới (WEF) tại Davos đầu năm nay, rằng Trung Quốc sẽ là người bảo vệ thương mại toàn cầu. Tuy nhiên, Capri cho rằng việc nước này vẫn trợ cấp cho doanh nghiệp nhà nước và thải hàng dư ra thị trường thế giới cho thấy họ vẫn chưa sẵn sàng gánh trách nhiệm này.

Hà Thu (tổng hợp)

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