US Treasury Secretary ‘Won’t Lose Any Sleep’ Over China Selling US Bonds
US Treasury Secretary ‘Won’t Lose Any Sleep’ Over China Selling US Bonds
China’s Exports, Imports Grow, as Does Trade Surplus With US
13 October, 2018, 01:48
For the first nine months, crude oil imports into China rose 6 percent on the year to 8.98 million bpd, or a total of 336 million tons, which is in line with projections about Chinese oil demand, despite worry that demand would slow down this year because of a domestic fuel glut.
The US recently imposed tariffs on $200 billion worth of Chinese exports, prompting Beijing to counter with its own tariffs on $60 billion worth of US products.
Mnuchin did not report any breakthroughs in his discussions with the Chinese but he indicated that Trump may meet with Chinese President Xi Jinping during a summit of leaders of the Group of 20 biggest global economies in Argentina in late November.
"It's obvious that the immediate effects of the trade war are the exact opposite of what the Trump administration had been planning", Andrew Polk of Beijing-based research firm Trivium China tells the Post.
The direct impact and indirect influence caused by ongoing trade frictions is "controllable", the General Administration of Customs said Friday, according to a report in the state-run China Daily.
US laws mandating the report require the Treasury to enter special negotiations with an offending country to correct their practices, a process that could eventually lead to trade sanctions.
Hudson Institute's Michael Pillsbury on the US trade tensions with China.
The US tariffs cover a broad range of Chinese consumer goods, while China's were aimed mainly at American liquefied gas, machinery and electric equipment. But that might hurt China's economy by encouraging an outflow of capital.
The Chinese yuan has lost almost 10 per cent of its value against the dollar this year.
Chinese refiners are buying more and more very cheap heavy Canadian crude oil to make up for the dwindling supply of Venezuela's heavy grades as China's road construction sector-a key consumer of the heavy oil's bitumen yield-is booming.
U.S. Vice President Mike Pence also accused Beijing last week of seeking to interfere in the U.S. midterm elections to be held next month. "Both sides need to find a way to talk and make some other arrangements".
"It looks like there will be a meeting in Buenos Aires at the G20", Kudlow said in an interview with CNBC. "I have a lot more to do if I want to do it".
The trade feud has been fueled by US accusations that China coerces foreign companies into handing over technology in return for access to the Chinese market, as well as by China's trade surplus with the U.S.
Late last month, South Korean tech giant Samsung announced Galaxy A7 (2018 ) - its first smartphone with triple rear cameras . That's right: there are four separate cameras on the back of the camera for capturing different types of photos.
"This morning, Florida's Gulf Coast and Panhandle and the Big Bend are waking up to unimaginable destruction", Gov. At one point almost 400,000 people spread out across Florida, Alabama and Georgia were without power.
More than 1000 protesters disrupted the controversial Everest horse race illumination at the Sydney Opera House last night. Racing NSW boss Peter V'Landys says, however, that Jones has "absolutely no financial interest" in the Everest.
All my emotions came out at one time. "It's fluid", Minnesota coach Tom Thibodeau said earlier this week of Butler's trade demand. Butler reportedly scrimmaged against the current starting unit with deep reserve players, and Butler's group dominated.
I believe in the fight for LGBTQ rights, and that any form of discrimination based on sexual orientation or gender is WRONG. For a lot of us, we may never find a candidate or party with whom we agree 100% on every issue, but we have to vote anyway.
We tried to win but at the end we need to be happy - I need to be happy - that we didn't lose it because of the penalty. The Cityzens are level on points with Chelsea and Liverpool but their goal differential is better than the other two.
There will be rain as well later in the night and combined with the stormy winds and high tides, coastal flooding is likely. Wales and the North West could have the heaviest deluge. "We are advising people to avoid coastal areas during this event".
The Red Sox were making hard contact against him, and making it look easy. "He had plenty of warm-up", manager Aaron Boone said. But the Red Sox, frequent visitors who clinched the AL East crown at Yankee Stadium just 2½ weeks ago, were hardly intimidated.
Police initially suspected that the shooting may have been a revenge attack on the man's employers, but army spokesperson Lt. Conricus identified the gunman as a 23-year-old Palestinian from a West Bank village and said he was still at large.
Up next for the Red Sox is the ALCS, where they'll face the defending-champion Astros starting Saturday night in Boston. Boston had spent just shy of $395 million combined on two Opening Day rosters that won a single postseason game.
During the last three days of his Asia trip, Pompeo met with top leaders from all three nations in Japan, South and North Korea. He also accused the U.S. of making "a series of moves" on Taiwan and "other issues" that he said hurt Chinese sovereignty.
Liverpool's Brazilian forward Roberto Firmino and Uruguay's rugged defender Diego Godin of Atletico Madrid also got the nod. Liverpool goalkeeper Alisson Becker has been included in the list alongside Manchester City striker Sergio Aguero .
Melania Trump dismisses concerns about husband’s affairs
Melania Trump flatly denied Rudy Giuliani's claims about her support for President Donald Trump in the Stormy Daniels affair. I know people like to speculate, and media like to speculate, about our marriage, and circulate the gossip.
Trump Secures Pastor Brunson's Release
Turkish President Recep Tayyip Erdogan has resisted USA demands for Brunson's release, insisting that the courts are independent. His wife Norine looked on from the visitors' seating area as he listened to testimony from defense and prosecution witnesses.
Order Of Service For Princess Eugenie’s Wedding Revealed
Only a few Halloween face masks feature Eugenie, though some shopkeepers say that will change in the hours ahead of her wedding. It has criticized the royals for using weddings as "PR exercises" and expecting taxpayers to pick up part of the tab.
Six Minnesota children diagnosed with rare polio-like disease
The cells that are killed during the illness don't regenerate and the damage to the cells is irreversible, Schleiss explained. Some affected by AFM may also be unable to pass urine, and have difficulty breathing , requiring urgent ventricular support.
Hurricane Michael strengthens as thousands flee
Scott also said Monday afternoon that state health officials are reaching out to hospitals and nursing homes to be prepared. LESLIE continues to spin in the central Atlantic where it will stay, as it is now moving farther off to the east.
Microsoft announces game-streaming technology Project xCloud
Microsoft has formally announced Project xCloud; a new program that will allow you to stream console games to mobile devices. At E3 2018 in June, head of Xbox Phil Spencer took the Xbox stage to announce Microsoft's plans for streaming-based games .
October 7-13 is Mental Illness Awareness Week
In a survey by CV Library, the respondents who identified having a mental health problem, 89% said it impacts their life. Seape added that the causes of depression and related mental illnesses in teenagers and young adults are multi-faceted.
Google + security bug disclosed, service to be shut down
However, it's likely you are - if you have a Google account, you've probably been given a Google + account by default. Reports of the Google + security bug reopened long-standing complaints about how Google handles personal data.
Nikki Haley resigns from the Trump administration
Trump said Haley first informed him of her decision to leave after two years in the post, saying she wants to "take a break". Trump said he was considering many candidates for Haley's job and that a successor would be named in two to three weeks.
Leaked Cases Give Us A Glimpse Of the OnePlus 6T
The company also confirmed that the 6T will not have the 3.5 mm headphone jack, and this will make room for new technology. In India, OnePlus 6T will be available exclusively on Amazon .in with an expected starting price of around Rs 35,000.