Here’s a list of American products targeted by China’s new tariffs

Chinese shipping containers are stored beside a US flag after they were unloaded at the Port of Los Angeles in Long Beach, California on May 14, 2019. – Global markets remain on red alert over a trade war between the two superpowers China and the US, that most observers warn could shatter global economic growth, and hurt demand for commodities like oil. (Photo by Mark RALSTON / AFP) (Photo credit should read MARK RALSTON/AFP/Getty Images)MARK RALSTON | AFP | Getty Images


Chinese shipping containers are stored beside a US flag after they were unloaded at the Port of Los Angeles in Long Beach, California on May 14, 2019. – Global markets remain on red alert over a trade war between the two superpowers China and the US, that most observers warn could shatter global economic growth, and hurt demand for commodities like oil. (Photo by Mark RALSTON / AFP) (Photo credit should read MARK RALSTON/AFP/Getty Images)MARK RALSTON | AFP | Getty Images
Here’s a list of American products targeted by China’s new tariffs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, warn, chinas, american, ralston, afp, tariffs, mark, list, targeted, war, products, unloaded, trade, stored, heres, superpowers, global


Here's a list of American products targeted by China's new tariffs

Chinese shipping containers are stored beside a US flag after they were unloaded at the Port of Los Angeles in Long Beach, California on May 14, 2019. – Global markets remain on red alert over a trade war between the two superpowers China and the US, that most observers warn could shatter global economic growth, and hurt demand for commodities like oil. (Photo by Mark RALSTON / AFP) (Photo credit should read MARK RALSTON/AFP/Getty Images)

MARK RALSTON | AFP | Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, warn, chinas, american, ralston, afp, tariffs, mark, list, targeted, war, products, unloaded, trade, stored, heres, superpowers, global


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Trump says he’s ordering American companies to immediately start looking for an alternative to China

President Donald Trump on Friday said he was ordering U.S. companies to “immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.” Trump also said he was ordering all U.S. postal carriers, including FedEx, Amazon, UPS and United States Post Office, “to SEARCH FOR & REFUSE all deliveries of Fentanyl from China (or anywhere else!).” And Trump said he will respond this afternoon to China’s newest round of tariffs on U.S. good


President Donald Trump on Friday said he was ordering U.S. companies to “immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.” Trump also said he was ordering all U.S. postal carriers, including FedEx, Amazon, UPS and United States Post Office, “to SEARCH FOR & REFUSE all deliveries of Fentanyl from China (or anywhere else!).” And Trump said he will respond this afternoon to China’s newest round of tariffs on U.S. good
Trump says he’s ordering American companies to immediately start looking for an alternative to China Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: kevin breuninger
Keywords: news, cnbc, companies, postal, respond, american, companies, powell, trump, orders, immediately, tweets, ups, start, china, looking, president, ordering, hes, alternative


Trump says he's ordering American companies to immediately start looking for an alternative to China

President Donald Trump on Friday said he was ordering U.S. companies to “immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.”

Trump also said he was ordering all U.S. postal carriers, including FedEx, Amazon, UPS and United States Post Office, “to SEARCH FOR & REFUSE all deliveries of Fentanyl from China (or anywhere else!).”

And Trump said he will respond this afternoon to China’s newest round of tariffs on U.S. goods.

The White House did not immediately respond when asked if the announcement, delivered in a four-part Twitter thread Friday morning, constituted an official order from the president.

It was not immediately clear how, or under what authority, the president could implement these declared orders, or whether he had already done so.

Stocks sank to session lows shortly after Trump’s tweets. The Dow Jones Industrial Average fell more than 435 points, or 1.6%, while the S&P 500 slid 1.7% and the Nasdaq Composite dove 2%.

In a statement, UPS said that it “follows all applicable laws and administrative orders of the governments in the countries where we do business. We work closely with regulatory authorities to monitor for prohibited substances.”

FedEx also responded: “FedEx already has extensive security measures in place to prevent the use of our networks for illegal purposes. We follow the laws and regulations everywhere we do business and have a long history of close cooperation with authorities.”

Amazon and the Postal Service were not immediately available for comment.

Trump’s tweets followed another missive against Federal Reserve Chairman Jay Powell, who had just pledged to “act as appropriate” to sustain the U.S. economy amid the “deteriorating” global economic outlook.

In an apparent response, Trump tweeted: “Who is our bigger enemy,” Powell or Chinese President Xi Jinping?


Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: kevin breuninger
Keywords: news, cnbc, companies, postal, respond, american, companies, powell, trump, orders, immediately, tweets, ups, start, china, looking, president, ordering, hes, alternative


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VMware adjusts for a ‘two trading-bloc world’ due to US-China trade war, says CEO

American companies are having to adjust to operating in two distinct Chinese and American marketplaces as the trade war escalates, VMware CEO Patrick Gelsinger told CNBC on Friday. “We are adjusting our strategy to really be in a two trading-bloc world,” Gelsinger said. The escalating trade war between the world’s two largest economies has been going on for over a year, with China announcing retaliatory measures Friday. The cloud software company also announced Thursday that it’s acquiring softw


American companies are having to adjust to operating in two distinct Chinese and American marketplaces as the trade war escalates, VMware CEO Patrick Gelsinger told CNBC on Friday. “We are adjusting our strategy to really be in a two trading-bloc world,” Gelsinger said. The escalating trade war between the world’s two largest economies has been going on for over a year, with China announcing retaliatory measures Friday. The cloud software company also announced Thursday that it’s acquiring softw
VMware adjusts for a ‘two trading-bloc world’ due to US-China trade war, says CEO Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, vmware, business, tradingbloc, american, companies, world, trade, adjusts, uschina, war, gelsinger, software, china, ceo


VMware adjusts for a 'two trading-bloc world' due to US-China trade war, says CEO

American companies are having to adjust to operating in two distinct Chinese and American marketplaces as the trade war escalates, VMware CEO Patrick Gelsinger told CNBC on Friday.

“We are adjusting our strategy to really be in a two trading-bloc world,” Gelsinger said. “Everybody has sort of realized this dispute will go on for a while and we’re working through how best to manage our businesses in light of that.”

The escalating trade war between the world’s two largest economies has been going on for over a year, with China announcing retaliatory measures Friday.

Beijing will impose new tariffs on $75 billion worth of U.S. goods and resume duties on American autos, starting Sept. 1 and Dec. 15, respectively. It follows President Donald Trump’s threat to impose 10% tariffs on $300 billion of Chinese goods not already subject to duties, also set to be implemented on Sept. 1 and Dec. 15.

“I believe in many cases, customers are saying, ‘how do I continue to do business with and within China even as there’s an increasing challenge?'” Gelsinger said. “I think most companies are already figuring out how to live in that kind of world already. And clearly, we expect that our strategy needs to accommodate that.”

Gelsinger appeared on CNBC’s “Squawk Box” a day after VMware’s second-quarter earnings and revenue beat beat Wall Street estimates. The cloud software company also announced Thursday that it’s acquiring software companies Pivotal Software and Carbon Black in separate deals.

Shares of VMware were down 8.9% on Friday afternoon.

VMware “saw good results from our China business last quarter,” Gelsinger said.

“Not to the level we would have hoped, but still saw growth there,” the CEO added. “We’re making adjustments to it even as we’re long-term committed to China. We also expect there will be increasing long-term barriers between the two markets. And we have to adjust, and I believe every other business will do likewise.”


Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, vmware, business, tradingbloc, american, companies, world, trade, adjusts, uschina, war, gelsinger, software, china, ceo


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‘American Ninja Warrior’ host Akbar Gbajabiamila reveals his winning financial game plan

Former NFL star Akbar Gbajabiamila likes to have a game plan, especially when it comes to his money. It began to formulate when he was playing football and is still key to his success today. “The way I make my winning financial game plan is by surrounding myself with people who are smarter than me,” said Gbajabiamila, now co-host of NBC’s “American Ninja Warrior. ” “If you can’t answer the question ‘why,’ then chances are you’re probably going to be going in all different types of directions. An


Former NFL star Akbar Gbajabiamila likes to have a game plan, especially when it comes to his money. It began to formulate when he was playing football and is still key to his success today. “The way I make my winning financial game plan is by surrounding myself with people who are smarter than me,” said Gbajabiamila, now co-host of NBC’s “American Ninja Warrior. ” “If you can’t answer the question ‘why,’ then chances are you’re probably going to be going in all different types of directions. An
‘American Ninja Warrior’ host Akbar Gbajabiamila reveals his winning financial game plan Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: michelle fox
Keywords: news, cnbc, companies, honest, warrior, reveals, answer, ninja, gbajabiamila, plan, american, financial, question, game, going, winning, youre, host


'American Ninja Warrior' host Akbar Gbajabiamila reveals his winning financial game plan

Former NFL star Akbar Gbajabiamila likes to have a game plan, especially when it comes to his money.

It began to formulate when he was playing football and is still key to his success today.

“The way I make my winning financial game plan is by surrounding myself with people who are smarter than me,” said Gbajabiamila, now co-host of NBC’s “American Ninja Warrior. ” “People who can keep me honest with my financial goals.”

It’s also being able to answer the question, “Why?”

“Why is it that I want to change my financial status? Why do I want to grow my money?” he said.

“If you can’t answer the question ‘why,’ then chances are you’re probably going to be going in all different types of directions. And having that team to keep you honest, to me, that right there is a game plan.”


Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: michelle fox
Keywords: news, cnbc, companies, honest, warrior, reveals, answer, ninja, gbajabiamila, plan, american, financial, question, game, going, winning, youre, host


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Huawei calls US move to blacklist more affiliates ‘unjust’ and ‘politically motivated’

However, the Bureau of Industry and Security also added another 46 Huawei affiliates onto the blacklist. So to us, the entity list will be there for quite some time,” he said. In a statement on Tuesday, Huawei called Washington’s decision to add more of its affiliates to the Entity List “politically motivated.” “Attempts to suppress Huawei’s business won’t help the United States achieve technological leadership,” Huawei said. “We call on the US government to put an end to this unjust treatment a


However, the Bureau of Industry and Security also added another 46 Huawei affiliates onto the blacklist. So to us, the entity list will be there for quite some time,” he said. In a statement on Tuesday, Huawei called Washington’s decision to add more of its affiliates to the Entity List “politically motivated.” “Attempts to suppress Huawei’s business won’t help the United States achieve technological leadership,” Huawei said. “We call on the US government to put an end to this unjust treatment a
Huawei calls US move to blacklist more affiliates ‘unjust’ and ‘politically motivated’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: arjun kharpal
Keywords: news, cnbc, companies, trade, blacklist, politically, company, huawei, unjust, american, entity, list, chinese, calls, motivated, business, huaweis, security, affiliates


Huawei calls US move to blacklist more affiliates 'unjust' and 'politically motivated'

The U.S. government’s decision to add more of Huawei’s affiliates to a blacklist is “unjust” and “politically motivated” and will not help the country advance its technological leadership, the Chinese telecommunications giant said Tuesday. U.S. Commerce Secretary Wilbur Ross announced Monday that it was extending by another 90 days a temporary reprieve for Huawei to continue doing business with American companies. The deadline had lapsed on Monday. However, the Bureau of Industry and Security also added another 46 Huawei affiliates onto the blacklist. “These actions violate the basic principles of free market competition. They are in no one’s interests, including U.S. companies,” Huawei said in a statement. In May, Huawei was put on the U.S. Entity List, which restricts American firms from doing business with the Chinese company. Shortly after, Washington offered a 90-day reprieve for Huawei, allowing U.S. businesses to continue selling limited and specific products to the Chinese telecom. “As we continue to urge consumers to transition away from Huawei’s products, we recognize that more time is necessary to prevent any disruption,” Ross said in a statement.

Some American rural mobile networks use Huawei gear while some U.S. technology component companies rely on a significant portion of revenue from the Chinese giant. Ross reiterated his concern that Huawei poses a national security threat. The U.S. has maintained that Huawei’s equipment could be used as a backdoor by the Chinese government to spy on Americans, allegations the company has repeatedly denied.

‘Unjust’

Speaking to The Associated Press, Huawei founder Ren Zhengfei said Tuesday he expects no relief from Washington and his company was making plans as if American export restrictions will not go away. “Right now, attacking Huawei in the United States is politically correct, while helping Huawei even once would put them under significant pressure. So to us, the entity list will be there for quite some time,” he said. In a statement on Tuesday, Huawei called Washington’s decision to add more of its affiliates to the Entity List “politically motivated.” “Attempts to suppress Huawei’s business won’t help the United States achieve technological leadership,” Huawei said. “We call on the US government to put an end to this unjust treatment and remove Huawei from the Entity List.” The company added that the decision “won’t have a substantial impact” on business. Huawei Chairman Liang Hua said that “neither production nor shipment has been interrupted, not for one single day.” Still, earlier this year, Huawei slashed its revenue forecast and predicted a $30 billion hit to its revenues over the next two years.

It’s clear to me at least, that the president views Huawei as a bargaining chip and a pressure point for a trade deal. James Pethokoukis Fellow at the American Enterprise Institute

Huawei has been focusing on trying to develop more of the core technology that had been provided by U.S. companies. The telecom equipment maker is continuing to design its own processors and modems for smartphones. It also recently released its own operating system called HarmonyOS, even though it currently uses Google’s Android for its smartphones and Microsoft’s Windows for laptops. Richard Yu, CEO of Huawei’s consumer business, said last week that if the company is permanently cut off from Google, it could switch to the new operating system “immediately.”

Huawei a ‘bargaining chip’

Huawei has been caught up in the broader U.S.-China trade war. President Donald Trump has sent mixed signals over the last few months about the fate of Huawei in the U.S. In May, Trump said that it was “possible that Huawei would be included in a trade deal.” But just this weekend, he said he didn’t want to do business with Huawei “because it is a national security threat.” Some experts have suggested that the Chinese tech firm is being used as a “bargaining chip” in the U.S.-China trade war.

“It’s clear to me at least, that the president views Huawei as a bargaining chip and a pressure point for a trade deal. … There are certainly those in the administration that would like to kill this company and they view it as kind of an opening shot in a long-term cold war with China,” James Pethokoukis, Dewitt Wallace fellow at the American Enterprise Institute, told CNBC’s “The Exchange ” on Monday. “I just don’t see evidence that Trump thinks that.” “That’s the president’s problem,” Pethokoukis added. “If he’s calling it right now that they’re a national security issue, if that’s the case, then it’s hard to come to a trade deal that doesn’t involve some sort of limitation on Huawei. It’s hard to see the end game there.”


Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: arjun kharpal
Keywords: news, cnbc, companies, trade, blacklist, politically, company, huawei, unjust, american, entity, list, chinese, calls, motivated, business, huaweis, security, affiliates


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US tech firms will likely influence decision on whether Huawei’s license will be extended, research firm says

U.S. President Donald Trump is set to decide Monday on whether to extend a temporary agreement allowing Huawei to do business in the U.S. — and Washington’s decision will likely be influenced by American tech firms, according to research firm International Data Corporation. The U.S. Commerce Department placed the Chinese tech giant on a blacklist — the so-called Entity List — in May, preventing American companies from selling or transferring technology to Huawei unless they were granted a specia


U.S. President Donald Trump is set to decide Monday on whether to extend a temporary agreement allowing Huawei to do business in the U.S. — and Washington’s decision will likely be influenced by American tech firms, according to research firm International Data Corporation. The U.S. Commerce Department placed the Chinese tech giant on a blacklist — the so-called Entity List — in May, preventing American companies from selling or transferring technology to Huawei unless they were granted a specia
US tech firms will likely influence decision on whether Huawei’s license will be extended, research firm says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, license, firm, extended, likely, influence, firms, huawei, american, set, president, temporary, decision, extend, 90, huaweis, research, tech, days


US tech firms will likely influence decision on whether Huawei's license will be extended, research firm says

U.S. President Donald Trump is set to decide Monday on whether to extend a temporary agreement allowing Huawei to do business in the U.S. — and Washington’s decision will likely be influenced by American tech firms, according to research firm International Data Corporation.

The U.S. Commerce Department placed the Chinese tech giant on a blacklist — the so-called Entity List — in May, preventing American companies from selling or transferring technology to Huawei unless they were granted a special license. Days later, the U.S. government eased some of those restrictions for 90 days. That temporary reprieve is set to end on Monday.

According to Reuters and the Wall Street Journal, the U.S. is going to extend the license by another 90 days that will allow Huawei to continue buying parts from American companies.

“This is about, in my opinion, as much about the pressure that U.S. components suppliers are exerting on the government as opposed to say punishing Huawei,” Crawford Del Prete, president at IDC, told CNBC’s “Squawk Box ” on Monday.


Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: saheli roy choudhury
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Here’s what new tariffs will cost the average American household

The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods, according to J.P. Morgan. The firm estimates the average annual tariff cost per household will increase from $600 from the first two rounds of tariffs. This third tranche of duties affect consumer goods more than the previous levies did. Retailers’ stocks have suffered this month as the list of new tariff goods impact apparel, footwear, consumer electronics and toys. Despite the la


The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods, according to J.P. Morgan. The firm estimates the average annual tariff cost per household will increase from $600 from the first two rounds of tariffs. This third tranche of duties affect consumer goods more than the previous levies did. Retailers’ stocks have suffered this month as the list of new tariff goods impact apparel, footwear, consumer electronics and toys. Despite the la
Here’s what new tariffs will cost the average American household Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, chinese, way, tariff, larger, tariffs, month, goods, impact, estimates, heres, consumer, household, average, cost, american


Here's what new tariffs will cost the average American household

The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods, according to J.P. Morgan.

The firm estimates the average annual tariff cost per household will increase from $600 from the first two rounds of tariffs. The new tariffs are scheduled to begin Sept. 1 and in mid-December.

“What distinguishes China Phase III tariffs from preceding tariffs is the impact to Consumption and Capital goods whereas previous tariffs focused more on Intermediate goods,” J.P. Morgan head of U.S. equity strategy Dubravko Lakos-Bujas said in a note to clients. “This suggests that the expected consumer impact should be larger in the latest round.”

President Donald Trump surprised investors earlier this month by ending a tariff ceasefire with China and announcing new tariffs of 10% on the remaining $300 billion in Chinese imports, starting next month. He later delayed some of the tariffs until Dec. 15. This third tranche of duties affect consumer goods more than the previous levies did.

Lakos-Bujas said unlike the agriculture sector, which is receiving subsidies from the government to offset some of the tariffs, “there is no simple way to compensate consumer.”

Retailers’ stocks have suffered this month as the list of new tariff goods impact apparel, footwear, consumer electronics and toys. In announcing his delay or cancellation of some of the tariffs, Trump said he wanted to avoid hurting the Christmas shopping season.

Despite the larger tariff impact, the U.S. consumer appears strong. July retail sales grew more than expected from June and posted the strongest five-month growth streak since 2005-2006. About 70% of economic activity is tied to consumer spending.

Given the larger impact on the wallet of the U.S. consumer going in the 2020 election, Lakos-Bujas said the administration will likely rollback tariffs or compromise on a trade agreement.

“We believe there is a good chance they end up reversing their decision and finding a way to reach some common ground with Chinese negotiators,” he said.

The firm estimates that Trump’s new tariffs will cost Americans the majority of the tax break they are getting from Trump’s 2017 tax overhaul, which it estimates is around $1,300 per year.

— with reporting from CNBC’s Michael Bloom


Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, chinese, way, tariff, larger, tariffs, month, goods, impact, estimates, heres, consumer, household, average, cost, american


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US grants Huawei another 90 days to buy from American suppliers: Ross

Asked what will happen in November to U.S. companies, Ross said: “Everybody has had plenty of notice of it, there have been plenty of discussions with the president.” The U.S. government blacklisted Huawei, alleging the Chinese company is involved in activities contrary to national security or foreign policy interests. Huawei, the world’s largest telecommunications equipment maker, is still prohibited from buying American parts and components to manufacture new products without additional specia


Asked what will happen in November to U.S. companies, Ross said: “Everybody has had plenty of notice of it, there have been plenty of discussions with the president.” The U.S. government blacklisted Huawei, alleging the Chinese company is involved in activities contrary to national security or foreign policy interests. Huawei, the world’s largest telecommunications equipment maker, is still prohibited from buying American parts and components to manufacture new products without additional specia
US grants Huawei another 90 days to buy from American suppliers: Ross Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: spencer kimball
Keywords: news, cnbc, companies, grants, chinese, companies, american, commerce, 90, buy, company, told, wilbur, buying, telecommunications, suppliers, days, huawei, ross


US grants Huawei another 90 days to buy from American suppliers: Ross

Commerce Secretary Wilbur Ross (R) and other Trump Administration officials sit down with Chinese vice ministers and senior officials for trade negotiations in the Diplomatic Room at the Eisenhower Executive Office Building January 30, 2019 in Washington, DC.

U.S. Commerce Secretary Wilbur Ross said Monday the U.S. government will extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, even as nearly 50 of its units were being added to a U.S. economic blacklist.

The “temporary general license,” due to expire on Monday, will be extended for Huawei for 90 days, he told Fox Business Network Monday, confirming an expected decision first reported Friday by Reuters. He also said he was adding 46 Huawei affiliates to the Entity List, raising the total number to more than 100 Huawei entities that are covered by the restrictions.

Ross said the extension was to aid U.S. customers, many of which operate networks in rural America.

“We’re giving them a little more time to wean themselves off,” Ross said.

Shortly after blacklisting the company in May, the Commerce Department initially allowed Huawei to purchase some American-made goods in a move aimed at minimizing disruption for its customers.

Huawei did not immediately comment Monday.

The extension, through Nov. 19, renews an agreement continuing the Chinese company’s ability to maintain existing telecommunications networks and provide software updates to Huawei handsets.

Asked what will happen in November to U.S. companies, Ross said: “Everybody has had plenty of notice of it, there have been plenty of discussions with the president.”

When the Commerce Department blocked Huawei from buying U.S. goods earlier this year, it was seen as a major escalation in the Sino-U.S.trade war.

The U.S. government blacklisted Huawei, alleging the Chinese company is involved in activities contrary to national security or foreign policy interests.

As an example, the blacklisting order cited a pending federal criminal case concerning allegations Huawei violated U.S. sanctions against Iran. Huawei has pleaded not guilty in the case.

The order noted that the indictment also accused Huawei of deceptive and obstructive acts.

At the same time the United States says Huawei’s smartphones and network equipment could be used by China to spy on Americans, allegations the company has repeatedly denied.

Huawei, the world’s largest telecommunications equipment maker, is still prohibited from buying American parts and components to manufacture new products without additional special licenses.

Many Huawei suppliers have requested the special licenses to sell to the firm. Ross told reporters late last month he had received more than 50 applications, and that he expected to receive more. He said on Monday that there were no “specific licenses being granted for anything.”

Out of $70 billion that Huawei spent buying components in 2018, some $11 billion went to U.S. companies including Qualcomm, Intel, and Micron Technology. Intel declined to comment on Monday.


Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: spencer kimball
Keywords: news, cnbc, companies, grants, chinese, companies, american, commerce, 90, buy, company, told, wilbur, buying, telecommunications, suppliers, days, huawei, ross


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Trump to discuss Taliban talks, withdrawing troops from Afghanistan

U.S. President Donald Trump on Friday was to meet U.S. top advisers about negotiations with the Taliban and the potential for a political settlement that could prompt a withdrawal of American troops from Afghanistan, a senior administration official said. Senator Lindsey Graham of South Carolina, a Trump ally, said any deal should allow for the United States to maintain a presence in Afghanistan. “Any peace agreement which denies the U.S. a robust counter-terrorism capability in Afghanistan is n


U.S. President Donald Trump on Friday was to meet U.S. top advisers about negotiations with the Taliban and the potential for a political settlement that could prompt a withdrawal of American troops from Afghanistan, a senior administration official said. Senator Lindsey Graham of South Carolina, a Trump ally, said any deal should allow for the United States to maintain a presence in Afghanistan. “Any peace agreement which denies the U.S. a robust counter-terrorism capability in Afghanistan is n
Trump to discuss Taliban talks, withdrawing troops from Afghanistan Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: kevin breuninger, dan mangan
Keywords: news, cnbc, companies, withdrawal, troops, american, trump, withdrawing, negotiations, agreement, afghanistan, talks, discuss, taliban, united


Trump to discuss Taliban talks, withdrawing troops from Afghanistan

U.S. President Donald Trump on Friday was to meet U.S. top advisers about negotiations with the Taliban and the potential for a political settlement that could prompt a withdrawal of American troops from Afghanistan, a senior administration official said.

On a working vacation at his golf club in Bedminster, New Jersey, Trump was to receive an afternoon briefing from U.S. Secretary of State Mike Pompeo and other advisers to get updated on the talks, which have been handled by Special Representative Zalmay Khalilzad.

The U.S. military presence in Afghanistan dates to 2001 when then-President George W. Bush launched an offensive against Al Qaeda, which the Taliban government had given haven to, after the Sept. 11, 2001, attacks.

Trump has been adamant that he would like to withdraw U.S. forces, possibly ahead of the November 2020 election, although a pullout would raise concerns among some in the national security community that the United States could be sacrificing gains it has made there.

U.S. Senator Lindsey Graham of South Carolina, a Trump ally, said any deal should allow for the United States to maintain a presence in Afghanistan.

“Any peace agreement which denies the U.S. a robust counter-terrorism capability in Afghanistan is not a peace deal,” he said in a statement. “Instead, it is paving the way for another attack on the American homeland and attacks against American interests around the world.”

The senior administration official said a decision was not necessarily expected from the Bedminster meeting, but Trump “has been pretty clear that he wants to bring the troops home.”

The negotiations with the Taliban have been centered around a potential agreement for a U.S. troop withdrawal and talks on a political settlement between the insurgents and a delegation comprising government officials, opposition leaders and civil society members.

Khalilzad also has pressed in nine rounds of negotiations in Qatar for the Taliban to renounce al Qaida, agree to prevent Afghanistan from being use as a base for extremist attacks and embrace a nationwide ceasefire while the intra-Afghan talks continue.

Both sides raised expectations that an agreement was close. Khalilzad repeatedly has said nothing is agreed until everything is agreed.


Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: kevin breuninger, dan mangan
Keywords: news, cnbc, companies, withdrawal, troops, american, trump, withdrawing, negotiations, agreement, afghanistan, talks, discuss, taliban, united


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Trump is ‘dead wrong’ in claiming the trade war hasn’t damaged the US economy, says Mark Zandi

President Donald Trump speaks to members of the press prior to his departure on Marine One from the South Lawn of the White House in Washington, DC., on Friday, August 9, 2019. U.S. President Donald Trump recently claimed Washington’s trade war with China has had little impact on the American economy so far. A widely followed economist said Thursday that the president is “dead wrong.” If Trump were to follow through on his outstanding tariff threats, Zandi said, it would incur a cost of $100 bil


President Donald Trump speaks to members of the press prior to his departure on Marine One from the South Lawn of the White House in Washington, DC., on Friday, August 9, 2019. U.S. President Donald Trump recently claimed Washington’s trade war with China has had little impact on the American economy so far. A widely followed economist said Thursday that the president is “dead wrong.” If Trump were to follow through on his outstanding tariff threats, Zandi said, it would incur a cost of $100 bil
Trump is ‘dead wrong’ in claiming the trade war hasn’t damaged the US economy, says Mark Zandi Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: eustance huang
Keywords: news, cnbc, companies, economy, war, economist, wrong, donald, thats, china, american, damaged, zandi, dead, trade, president, claiming, mark, half, trump, economic


Trump is 'dead wrong' in claiming the trade war hasn't damaged the US economy, says Mark Zandi

President Donald Trump speaks to members of the press prior to his departure on Marine One from the South Lawn of the White House in Washington, DC., on Friday, August 9, 2019.

U.S. President Donald Trump recently claimed Washington’s trade war with China has had little impact on the American economy so far. A widely followed economist said Thursday that the president is “dead wrong.”

Trump said in a Wednesday Twitter post that the U.S. is “winning, big, time against China,” adding that “prices to us have not gone up, and in some cases, have come down.”

However, according to Mark Zandi, chief economist at Moody’s Analytics and a frequent critic of the Republican president, the “economic costs are mounting” in the U.S.

“To argue that this isn’t doing economic damage is just wrong,” Zandi told CNBC’s “Squawk Box” on Thursday.

If Trump were to follow through on his outstanding tariff threats, Zandi said, it would incur a cost of $100 billion for American businesses and consumers in the coming year.

“That’s half a percent of (gross domestic product), that’s about half the tax cut that Americans got last year,” the economist said. “That’s very significant.”


Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: eustance huang
Keywords: news, cnbc, companies, economy, war, economist, wrong, donald, thats, china, american, damaged, zandi, dead, trade, president, claiming, mark, half, trump, economic


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