Trump Flip-Flops on Tax Cuts, Says U.S. Already Has ‘Strong Economy’

23 Août, 2019, 03:29 | Auteur: Auguste Feret
  • U.S. President Donald Trump right chats with Chinese President Xi Jinping during a welcome ceremony at the Great Hall of the People in Beijing. The United States and China are scheduled Thursday

China's Ministry of Commerce Thursday urged the United States to correct its faulty practices in anti-subsidy probes against Chinese products after the World Trade Organization (WTO) recently again ruled that US countervailing measures were inconsistent with WTO rules.

However, Trump's constant threat of imposing retaliatory tariffs on European cars and other products for not providing reciprocal market access to American farm products has stymied the progress in the trilateral initiatives, said a Geneva-based trade diplomat, who asked not to be identified. Top negotiators from the two countries talked over phone last week, and the US delayed some tariffs by splitting the $300 billion list of Chinese products into two separate ones.

China's position is consistent and clear.

Trump's latest view on Tuesday that a short-term recession is bearable as a small price for winning the much-needed trade war with China contradicts what Trump and his aides had been saying so far.

The president continued to defend his struggle with China, telling reporters outside the White House it was up to him to do what past presidents should have done sooner.

"It's about time, whether it's good for this country or bad for this country short term", he said.

"Somebody had to take on what China was doing to the United States economically".

Un garçon de 8 ans fonce à 140km/h sur l'autoroute — Allemagne
Ils tombent sur ce petit pilote, garé sur la bande d'arrêt d'urgence de l'autoroute A44, avec les feux de détresses allumés. Ce dernier fait régulièrement du karting et a même déjà conduit une voiture dans une propriété privée raconte le journal.

Want to avoid an early death? Get moving, a study says
Being sedentary for 9.5 hours or more a day, excluding sleeping time, is associated with an increased risk of death. According to the researchers, the public health message may simply be: "Sit less and move more and more often".

Air pollution linked to increase in bipolar disorder and depression
Indeed, the divided opinions of the expert reviewers prompted PLOS Biology to commission a special companion article from Prof. The study did not mention the process of the growth of mental disorders by air pollutions.

In unusually blunt language, the blog post seemed targeted straight at President Trump, who has persistently demanded that the Federal Reserve cut interest rates to weaken the United States dollar and juice the economy, while imposing round after round of tariffs on China to reduce the deficit he describes as theft. Beijing retaliated with its own penalties on US$110 billion of goods from the United States. "Some U.S. financial institutions have predicted that the tariffs would cost an ordinary U.S. family 1,000 U.S. dollars a year on average".

New US tariffs will "lead to an escalation of economic and trade friction, " a Ministry of Commerce spokesman, Gao Feng, said at a news briefing. "If the trade frictions escalate, US consumers and businesses will suffer heavy losses".

China appealed to Washington on Thursday to "meet each other halfway" and settle a trade war instead of going ahead with planned tariff hikes Beijing warned will trigger retaliation.

Despite launching a section 301 investigation of France's digital services tax on 19 August, the USA wants to rebuild its traditional alliance with the members of the European Union (EU) and Japan for waging a common fight against China's unfair practices, such as alleged theft of intellectual property, forced transfer of technologies, and subsidies provided to state-owned enterprises.

"The Chinese side is confident, determined and capable of meeting various challenges and maintaining the sound and stable development of its economy and foreign trade", he added.

U.S. and Chinese negotiators are due to meet in September in Washington.

Negotiators talked by phone August 13 and agreed to talk again within two weeks, Gao said.

Conseillé:



Populaire

Lowe's soars the most in 11 years after smashing earnings estimates
Home Depot , Lowe's biggest competitor, said its sales growth slumped in the second quarter as lumber prices continued to fall. However, Lowe's surpassed Home Depot in the US market, growing same-store sales by 3.2% compared to 3.1% for Home Depot.

Solomons' vote on Taiwan or China 'far away'
The sale "is a serious USA interference in our internal affairs and undermines our sovereignty and security interests", he said. Despite a lack of formal diplomatic ties, USA law requires Washington to ensure Taiwan has the means to defend itself.

Texas executes man convicted of killing college coed
Asked if he had a final statement, Swearingen said: "Lord, forgive them". "They don't know what they're doing". Prior to his death on Wednesday, Swearingen had received five stays of execution in the past two decades.

Bouhanni trop juste — Tour du Limousin
Du côté des étrangers, on suivra l'Italien Mauro Finetto (Delko), un habitué des routes françaises, et son compatriote Francesco Gavazzi (Androni Giocattoli).

Jayson Tatum and Mason Plumlee quiet in Team USA’s scrimmage
Matthew Dellavedova of the Boomers and Donovan Mitchell of the US fight for the ball during Thursday's game. Australia have National Basketball Association experience in Patty Mills , Joe Ingles , and Aron Baynes .

Washington Gov. Jay Inslee Says He's Ending Presidential Bid
His polling struggles also prevented him from participating in a CNN town hall-style event on climate change, his signature issue. Inslee passed the fundraising hurdle, but had not reached two percent in the polls as an August 28 deadline loomed.

What Makes Sam Darnold 'Special' To His Teammates?
Bell hasn't played in a game in almost 20 months, a lengthy layoff as a result of his contract dispute with Pittsburgh. Bell has been talking to Gase all summer about the plan for how he'll be used in practice and in preseason games.

Trump administration moves to abolish child migrant custody limits
Congressman Joaquin Castro, the chairman of the Congressional Hispanic Caucus, said in a statement that the administration is "punishing vulnerable families".

U.S. service members killed in Afghanistan
More than 2,400 USA service personnel have died in Afghanistan since the US -led invasion in 2001 to topple the Taliban. Taliban attacks have not slowed down in recent years or months, even as the USA has continued talks with the group.

Commish -- Volatility, risk add to FedEx Cup finale
Chez Reavie , United States - Returns to Tour Championship for the first time since 2011 with a win in Travelers and a T-3 in U.S. Meanwhile, the tour will keep track of conventional scoring - everyone will the first year - to award world ranking points.