Trump dubs himself 'Tariff Man,' threatens tougher stance with Chinese

President Donald Trump declared himself

It also said China had agreed to start buying farm products from USA farmers immediately.

The stock market jumped after the news was announced. "Bob Lighthizer will be working closely with Steve Mnuchin, Larry Kudlow, Wilbur Ross and Peter Navarro on seeing whether or not a REAL deal with China is actually possible".

While neither of these two energy products were mentioned by name, it's likely that China would not only appease the U.S.by removing tariffs on U.S. LNG imports but would also help itself since Beijing needs the diversity of supply that growing U.S. shale oil and gas exports offer.

There are several significant take-aways from this development, including the argument that Trump's hard line, even at times belligerent stance with Beijing, has caused them to blink first, particularly since economic growth in China has already started to feel the brunt of USA tariffs, while US economic growth, though not as robust as a few months ago, is still strong. Chinese officials discussed the possibility of lowering tariffs on USA auto imports before Xi met Trump in Argentina, according to a person familiar with the situation who asked not to be identified. "But if not remember, I am a Tariff Man", Trump said.

Qualcomm says US$44bn NXP deal dead for good
President Donald Trump says China is willing to approve a major merger between American chip maker Qualcomm and rival NXP. Eight regulators around the world approved the Qualcomm-NXP deal, but Chinese regulators refused to wave it through.


Trump's economic team has spun his knee-jerk protectionism as a tactic created to negotiate "better" trade deals - but so far, those better trade deals don't seem to be stronger than the status quo ante.

China's national currency has shot upwards more dramatically over the past two days than over the last decade after the country reached a truce in its trade war with the United States, and in light of a temporary decline in the dollar prices. Unless extended, they will end 90 days from the date of our wonderful and very warm dinner with President Xi in Argentina.

On Monday, influential Chinese tabloid the Global Times said it understood China and the United States will further discuss moves at expanding market access, intellectual property protection, avoiding compulsory technology transfers, and joint control of cyber crime. White House economic advisor Larry Kudlow said the figure was a broad benchmark that would depend on private transactions for USA goods and was subject to market conditions.

According to the White House, the USA will still keep in place $200 billion of tariffs on Chinese imports but will not increase those tariffs from 10 percent to 25 percent after the start of the year as originally planned.

Sir David Attenborough Lays Into World Leaders At UN Climate Change Summit
Guterres said in order to achieve that, global emissions from 2010 levels to 2030 must be halved. For many people, regions, even countries, this is already a matter of life or death".


His appointment of Lighthizer to lead the talks instead of Mnuchin puts one of the administration's toughest China critics in charge.

China's Foreign Ministry, the only government department that holds a daily briefing foreign media can attend, has repeatedly referred questions on details to the Commerce Ministry, which has yet to say anything.

China responded to earlier USA tariffs with retaliatory levies of its own, targeting $110 billion worth of U.S. products, including soybeans and other agricultural products.

Still, "the market is very concerned about the outcome of further negotiations", and whether there will be big purchases in the next few weeks, she said.

NBA wrap: Warriors fall to Pistons in Stephen Curry’s return
Casey was able to use his reserves for most of the fourth quarter, but he wasn't anxious about fatigue against the Warriors. They should be getting Draymond Green back on the road trip, which will help them get back to normal.


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