U.S. says March 1 ‘hard deadline’ for trade deal with China
by UNTV News | Posted on Monday, December 10th, 2018
FILE PHOTO: U.S. Trade Representative Robert Lighthizer speaks during a Cabinet meeting held by U.S. President Donald Trump at the White House in Washington, U.S., October 17, 2018. REUTERS/Kevin Lamarque/File Photo
WASHINGTON (Reuters) – U.S.-China trade negotiations need to reach a successful end by March 1 or new tariffs will be imposed, U.S. Trade Representative Robert Lighthizer said on Sunday, clarifying there is a “hard deadline” after a week of seeming confusion among President Donald Trump and his advisers.
Global markets are jittery about a collision between the world’s two largest economic powers over China’s huge trade surplus with the United States and U.S. claims that China is stealing intellectual property and technology.
“As far as I am concerned it is a hard deadline. When I talk to the president of the United States he is not talking about going beyond March,” Lighthizer said on the CBS show “Face the Nation,” referring to President Donald Trump’s recent decision to delay new tariffs while talks proceed.
“The way this is set up is that at the end of 90 days, these tariffs will be raised,” said Lighthizer, who has been tapped to lead the talks and appeared to tamp down expectations that the negotiation period could be extended.
After a turbulent week in markets, investors “can be reassured that if there is a deal that can be made that will assure the protection of U.S. technology…and get additional market access…the president wants us to do it,” Lighthizer said. “If not we will have tariffs.”
In Argentina last weekend, Trump and Chinese President Xi Jinping agreed to a truce that delayed the planned Jan. 1 U.S. hike of tariffs to 25 percent from 10 percent on $200 billion of Chinese goods while they negotiate a trade deal.
However, the arrest of a top executive at China’s Huawei Technologies Co Ltd’s [HWT.UL] has roiled global markets amid fears that it could further inflame the China-U.S. trade row. In Beijing on Sunday, China’s foreign ministry protested the arrest to the U.S. ambassador.
In a series of appearances on the Sunday morning talk shows, Lighthizer, economic adviser Larry Kudlow, and trade adviser Peter Navarro insisted the trade talks with China would not be derailed by the arrest, which they deemed solely a law enforcement matter.
U.S. equity markets have staked much on the outcome of the talks. Stocks climbed early in the week on optimism tensions between the two sides were easing, then cratered after Trump claimed he was a “tariff man” after all. He also seemed to indicate the talks could be extended.
But Lighthizer, in his first comments since being appointed to lead the negotiations, said the United States will need concessions across a number of areas in coming weeks if the higher tariffs are to be voided.
That includes demands for increased purchases of U.S. goods in a more open Chinese market, as well as “structural changes” to a system that, for example, forces American firms to turn over technology to Chinese partners as a condition of doing business.
“We need agricultural sales and we need manufacturing sales. We need structural changes on this fundamental issue of non-economic technology transfer,” Lighthizer said.
The demands are similar to those made under previous Democratic and Republican presidents, but Lighthizer said he felt Trump’s willingness to go beyond “dialogue” and impose tariffs will produce results.
Reporting by Howard Schneider; Editing by Lisa Shumaker
by Robie de Guzman | Posted on Tuesday, July 16th, 2019
Four minority U.S. congresswomen, known as the “the squad”, accused President Donald Trump of trying to sow division and distract attention from what they characterized as failed policies on immigration, health care and taxation on Monday (July 15).
“This president does not know how to make the argument that Americans do not deserve health care. He does not know how to defend his policies. So, what he does is attack us personally and that is what this is all about,” Representative Alexandria Ocasio-Cortez (New York – Democrat) said.
Rep. Ayanna Pressley (Massachusetts – Democrat) urged the public to “not take the bait” following Trump’s Twitter messages on Sunday (July 14) that said the lawmakers should go back to “the totally broken and crime infested places from which they came.”
All four of the first-term House members are U.S. citizens and all but one were born in the United States.
The president’s remarks were widely derided and some, though not many, of his fellow Republicans spoke out against them.
Trump did not identify the lawmakers by name in his Sunday tweets, but he appeared to refer to representatives Alexandria Ocasio-Cortez of New York, Ilhan Omar of Minnesota, Ayanna Pressley of Massachusetts and Rashida Tlaib of Michigan.
“This is not the first, nor will it be the last time we hear disgusting, bigoted language from the president,” Rep. Rashida Tlaib (Michigan- Democrat) said.
Omar said Trump’s remarks were rooted in the “agenda of white nationalists.”
Tlaib and Omar repeated their calls for Trump to be impeached. (REUTERS)
by Robie de Guzman | Posted on Monday, July 15th, 2019
Iran is ready to hold talks with the United States if Washington lifts sanctions and returns to the 2015 nuclear deal it quit last year, Iranian President Hassan Rouhani said in a televised speech on Sunday (July 14).
“When a big power that is a bully, well then we have to stand up to it. It must stop being a bully. We have always believed in talks. Always, right this hour, right this moment, if they stop the oppression, if they stop the belligerence, if they lift sanctions, return to the table, return to to logic; we are ready,” said Rouhani.
U.S. President Donald Trump’s administration says it is open to negotiations with Iran on a more far-reaching agreement on nuclear and security issues.
But Iran has made any talks conditional on first being able to export as much oil as it did before the United States withdrew from the nuclear pact with world powers in May 2018.
Confrontations between Washington and Tehran have escalated, culminating in a plan for U.S. air strikes on Iran last month that Trump called off at the last minute. (REUTERS)
by Robie de Guzman | Posted on Friday, July 12th, 2019
Tourism to Cuba will likely drop 8.5% this year in the wake of tighter U.S. restrictions on travel to the Caribbean island, the government said on Thursday (July 11), and the decline in arrivals will further hurt Cuba’s already ailing centrally planned economy.
A boom in tourism over the last few years has helped offset weaker exports and a steep decline in aid from key ally Venezuela that has forced the government to take austerity measures like cutting imports.
The administration of U.S. President Donald Trump has decided to squeeze that hard currency revenue stream too as part of its attempt to force the government to reform and stop supporting Venezuela’s President Nicolas Maduro.
Last month it banned cruise ships and private planes and yachts from traveling to the island and ended a heavily used educational category of travel allowed as an exemption to the overall ban on U.S. tourism.
Cubans at the heart of the tourism industry call the changes “noticeable.”
Luis Manuel Perez, who drives antique cars that serve as taxis, said that several drivers had recently resigned because of poor business.
And Fernando Lopez, a horse-drawn carriage driver, said the decline in tourism since the cruise ship restriction has affected all tourism-related industries.
Tourism minister Manuel Marrero estimated 4.3 million people would visit Cuba this year, down from the goal of more than 5 million, and 4.7 million last year.
Looser restrictions on U.S. travel to Cuba under former President Barack Obama, the re-establishment of diplomatic relations and commercial flights and cruises had caused a spike in U.S. visits to the country.
U.S. travelers excluding Cuban-Americans became the second- biggest group of tourists on the island in recent years after Canadians, with cruise travelers accounting for half of them.
But Trump has rolled back much of Obama’s detente and taken additional measures to punish the economy and government.
Marrero said the country would continue to develop the tourism sector regardless of the U.S. measures. It is planning new dolphinariums and the country’s first amusement park, for example.
Cranes tower around Havana at the construction sites of what are to be the city’s first generation of luxury hotels, in a bid to attract a new type of client.
Cuba, which receives just two-thirds of the visitors that neighboring Dominican Republic does although it is twice as large, has traditionally focused on resort tourism or travelers on a medium budget. (REUTERS)
(Production: Nelson Gonzalez/Mario Fuentes/Heriberto Rodriguez/Anett Rios
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