Florida Farmers: Some say trade deal puts them at disadvantage

by Ben Pena March 11, 2019, 10:26
Florida Farmers: Some say trade deal puts them at disadvantage

"Nothing in cement, but there's a lot of talk about a meeting", the veteran financial guru and former Ronald Reagan adviser told CNBC.

China's exports and imports plummeted much more than expected in February, official data showed Friday, adding to worries about slowing growth in the world's number two economy as it fights a trade war with the U.S. Citing a possibility to experience a recurrence of such corpulent volume of trade deficit again in 2019, a chief economist at MUFG in New York, Chris Rupkey said, "The trade deficit exploded past year despite the Trump administration efforts to make America great again, and the trend is unlikely to get any better in 2019".

Lack of clarity on this issue will also likely mean more negotiations are needed before Presidents Donald Trump and Xi Jinping meet to consummate any treaty. I think we're doing well ...

United States lawmakers are considering whether to approve a renegotiated trade deal with Mexico and Canada.

China and the US are reported to be close to an accord that would end their nine-month trade dispute after progress in the negotiations led Washington to delay raising punitive tariffs on $200 billion of Chinese imports, originally scheduled to take effect from the start of this month.

New Tesla Supercharger can give 1000 miles of charge per hour
Once update, if the Tesla auto owner is on its way to the nearest Supercharger stations, the vehicle will intelligently heat the battery.

In a move that could help the negotiations, China's parliament will next week pass a new law regulating foreign investment and barring the forced transfer of technology by foreign firms to Chinese joint venture partners.

"I am confident but. if this isn't a great deal, I won't make a deal", Trump told reporters as he departed the White House to visit tornado-damaged Alabama. And it's raised concerns in Beijing that a Mar-a-Lago summit - the second between the two men, who met at the resort in April 2017 - could end embarrassingly for Xi, whose willingness to meet at Trump's club rather than a neutral location could already be seen as a concession in the trade talks.

"Any enforcement mechanism must be two-way, fair and equal", he said. February cargoes were tied with the highest monthly total on record set in September a year ago.

Trump has vowed that any deal will result in large Chinese purchases of American goods, including soybeans and energy like oil and gas. China has made the same commitment in other multilateral agreements, as well, The Wall Street Journal reports.

"Looking ahead, we find little reason to expect a rebound in the near term on the back of a sluggish global electronics cycle", said Yeung.

Recommended News


TOP News

Lukaku scores brace, leads Man United to 3-2 win over Southampton
David de Gea will retain his place in goal, with fellow safe pair of hands Sergio Romero available to deputise from the bench if required.

Lieu Apologizes After Mocking Trump’s Trip to Visit Alabama Tornado Victims
I feel so bad for them. "I just had to tell them that everything that proves who I am is out on that road", Cordarrly Jones said. The Beauregard tornado was the deadliest to hit the US since May 2013, when an EF5 twister killed 24 people in Moore, Oklahoma .

SpaceX's Crew Dragon module has splashed down in the Atlantic Ocean
Boeing's CST-100 Starliner space capsule will launch on a United Launch Alliance Atlas V from Cape Canaveral Air Force Station. Soon, if all goes as planned, SpaceX and Boeing will compete for those contracts and launch the manned-missions from US soil.

UNC's Roy Williams falls near bench, helped off court
Cam Johnson added 19 points and Luke Maye had 13 points and 10 rebounds for the Tar Heels (24-5, 14-2 ACC). It is unclear whether he will return, but associate head coach Steve Robinson will serve in the interim.

US trade deficit for goods reached record $891B in 2018
Trump asked China to abolish tariffs on U.S. agricultural products earlier this month. That happened despite the new barriers to trade raised by the Trump administration.

Trump plans to scrap preferential trade status for India
The total India-US trade was $126.2 billion in 2017, with a $27.3 billion deficit for the US, according to the USTR. Trade Representative Robert Lighthizer announced that India and Turkey would lose their GSP status within 60 days.

Second Canadian minister quits over Trudeau government's handling of political scandal
Despite the resignations of Wilson-Raybould and Philpott, he said the disagreement was normal and healthy in a democratic system. For a while, they appeared to thrive in the super-heated, high-pressure world of federal politics, until they didn't.

No sweat! Defensive lineman sets 40-yard dash record at NFL Combine
It is not likely to happen, but that does not mean we can't talk about the performance Williams turned in on Sunday . The former Virginia Cavalier ran a 4.42 40-yard dash and led all players at the combine with a 44-inch vertical.

Trump and Kim end extended format talks in Hanoi
Kim Jong-un will stay in Vietnam a couple more days to quote "pay an official goodwill visit" to the host nation. North Korea has conducted no nuclear or intercontinental ballistic missile tests since late 2017.

‘Voice’ singer Janice Freeman dead at 33
It's truly sad to lose Freeman's impressive vocal talents so soon; she was just 33 years old at the time of her passing yesterday. Cyrus, 26, shared a sweet tribute to Freeman on her Instagram Sunday with a picture of a rainbow poking out above the trees.