Trump teases ‘important announcements’ as he touts ‘very productive’ China trade talks

President Donald Trump on Tuesday hinted at “important announcements” regarding his administration’s high-stakes trade talks with China. Trump tweeted last week that China had agreed to slash the tariffs, although the Chinese government did not confirm or deny it at the time. According to The Wall Street Journal, which cited Chinese officials, Chinese President Xi Jinping has told senior members of his government to follow through on his recent agreement with Trump. The U.S. and China have resta


President Donald Trump on Tuesday hinted at “important announcements” regarding his administration’s high-stakes trade talks with China. Trump tweeted last week that China had agreed to slash the tariffs, although the Chinese government did not confirm or deny it at the time. According to The Wall Street Journal, which cited Chinese officials, Chinese President Xi Jinping has told senior members of his government to follow through on his recent agreement with Trump. The U.S. and China have resta
Trump teases ‘important announcements’ as he touts ‘very productive’ China trade talks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-11  Authors: mike calia
Keywords: news, cnbc, companies, stocks, trade, xi, china, teases, tariffs, announcements, chinese, touts, productive, president, truce, talks, trump, important


Trump teases 'important announcements' as he touts 'very productive' China trade talks

President Donald Trump on Tuesday hinted at “important announcements” regarding his administration’s high-stakes trade talks with China.

“Very productive conversations going on with China! Watch for some important announcements!” the president tweeted.

Trump’s optimistic tweet came soon after Bloomberg News reported that China’s government would consider slashing tariffs on U.S. car imports to 15 percent from 40 percent. Auto stocks jumped on the news in premarket trading. Overall, stocks pointed to a higher open as markets looked to bounce back from last week’s rout.

Trump tweeted last week that China had agreed to slash the tariffs, although the Chinese government did not confirm or deny it at the time. In July, China cut tariffs on auto imports to 15 percent from 25 percent, but then soon hiked duties on U.S.-made cars to 40 percent as retaliation for the Trump administration’s aggressive trade moves.

Other signs of potential progress emerged Tuesday. According to The Wall Street Journal, which cited Chinese officials, Chinese President Xi Jinping has told senior members of his government to follow through on his recent agreement with Trump. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer are the main U.S. negotiators in calls with Chinese negotiators.

The U.S. and China have restarted trade negotiations after Trump and Xi reached a truce in their nations’ escalating trade war. The two leaders spoke during a working dinner at the G-20 summit in Argentina on Dec. 1.

As part of the truce, the U.S. and China agreed to a 90-day window to negotiate some significant sticking points between the world’s two largest economies. As part of the interim agreement, Trump said he would hold off on boosting tariffs on $200 billion in Chinese goods to 25 percent from 10 percent.

Trump’s tweet Tuesday also came during the battle over a Chinese executive who was arrested in Canada, the same day Trump and Xi dined in Argentina, and faces extradition to the United States. Meng Wanzhou, CFO of Chinese telecom giant Huawei, is being held by Canadian authorities in a case related to the company’s alleged sale of equipment containing U.S. components to Iran in violation of international sanctions on the Islamic Republic.

There are concerns that the Huawei case could upset the delicate but broad trade talks between the U.S. and China, although the renewed talks and Trump’s claims indicate it has yet to disrupt the negotiations.


Company: cnbc, Activity: cnbc, Date: 2018-12-11  Authors: mike calia
Keywords: news, cnbc, companies, stocks, trade, xi, china, teases, tariffs, announcements, chinese, touts, productive, president, truce, talks, trump, important


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Nick Ayers rules out role as new White House chief of staff

Nick Ayers, Vice President Mike Pence’s chief of staff, will not be tapped to fill the vacancy left by departing White House chief of staff John Kelly, and will exit the Trump administration by year’s end. Yet the president, eager to tamp down on the storyline of his White House in chaos, wants Ayers to stay on full time. A source familiar with the matter told CNBC the president is expected to make a decision by year’s end. Kelly is expected to depart his role as White House Chief of Staff by th


Nick Ayers, Vice President Mike Pence’s chief of staff, will not be tapped to fill the vacancy left by departing White House chief of staff John Kelly, and will exit the Trump administration by year’s end. Yet the president, eager to tamp down on the storyline of his White House in chaos, wants Ayers to stay on full time. A source familiar with the matter told CNBC the president is expected to make a decision by year’s end. Kelly is expected to depart his role as White House Chief of Staff by th
Nick Ayers rules out role as new White House chief of staff Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-09  Authors: javier e david, jonathan ernst, getty images
Keywords: news, cnbc, companies, rules, ayers, role, white, familiar, president, nick, staff, reported, expected, trump, chief, house


Nick Ayers rules out role as new White House chief of staff

Nick Ayers, Vice President Mike Pence’s chief of staff, will not be tapped to fill the vacancy left by departing White House chief of staff John Kelly, and will exit the Trump administration by year’s end.

On Sunday, The Wall Street Journal and NBC News, citing sources familiar with the mater, reported that Ayers and President Donald Trump were unable to agree on a time-frame for him to serve, effectively ending negotiations for the 36-year old political veteran to take the senior administration role.

On Twitter, Ayers confirmed that he was leaving Washington, but said he would continue to work to advance the president’s policy goals.

NBC and The New York Times reported on Saturday that Ayers was only willing to commit to an interim term through the spring, as his family is expected return to Georgia, citing people familiar with the discussions. Yet the president, eager to tamp down on the storyline of his White House in chaos, wants Ayers to stay on full time.

Rep. Mark Meadows, the chairman of the House Freedom Caucus, is now being considered at the retired general’s permanent replacement, Axios reported on Sunday, citing unnamed sources. A source familiar with the matter told CNBC the president is expected to make a decision by year’s end.

Kelly is expected to depart his role as White House Chief of Staff by the end of the year, Trump announced on Saturday, ending a tenure marked by tensions with his boss and confrontations with other key administration figures.

Kelly’s departure follows several months of controversy and turmoil, and comes at a time when the president’s agenda is imperiled by a midterm election in which Democrats recaptured the House of Representatives. The chief of staff vacancy is just the latest changing of the guard at the administration’s highest levels, which includes the U.S. Attorney General, United Nations ambassador and Joint Chiefs of Staff.


Company: cnbc, Activity: cnbc, Date: 2018-12-09  Authors: javier e david, jonathan ernst, getty images
Keywords: news, cnbc, companies, rules, ayers, role, white, familiar, president, nick, staff, reported, expected, trump, chief, house


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Lighthizer: 90 day pause in US-China trade war is a ‘hard deadline’

U.S. Trade Representative Robert Lighthizer said on Sunday he considers March 1 “a hard deadline” to reach a deal on trade with China, and that new tariffs will be imposed otherwise. “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 tariff imposition until March 1 while talks proceed. “The w


U.S. Trade Representative Robert Lighthizer said on Sunday he considers March 1 “a hard deadline” to reach a deal on trade with China, and that new tariffs will be imposed otherwise. “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 tariff imposition until March 1 while talks proceed. “The w
Lighthizer: 90 day pause in US-China trade war is a ‘hard deadline’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-09  Authors: mauricio valenzuela, picture alliance, getty images
Keywords: news, cnbc, companies, united, hard, lighthizer, trade, tariff, trumps, 90, deadline, president, war, pause, uschina, way, day, tariffs


Lighthizer: 90 day pause in US-China trade war is a 'hard deadline'

U.S. Trade Representative Robert Lighthizer said on Sunday he considers March 1 “a hard deadline” to reach a deal on trade with China, and that new tariffs will be imposed otherwise.

“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 tariff imposition until March 1 while talks proceed.

“The way this is set up is that at the end of 90 days, these tariffs will be raised,” said Lighthizer, appearing to tamp down expectations that the negotiation period could be extended.


Company: cnbc, Activity: cnbc, Date: 2018-12-09  Authors: mauricio valenzuela, picture alliance, getty images
Keywords: news, cnbc, companies, united, hard, lighthizer, trade, tariff, trumps, 90, deadline, president, war, pause, uschina, way, day, tariffs


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Trump announces John Kelly to depart White House by year’s end

John Kelly is expected to depart his role as White House Chief of Staff by the end of the year, President Donald Trump said on Saturday, ending a tenure marked by tensions with his boss and confrontations with other key administration figures. The president announced the news on the front lawn on the White House, following days of swirling speculation around the retired Marine Corps general’s exit for months amid disagreements with Trump. Nevertheless, in his brief remarks to reporters, Trump ca


John Kelly is expected to depart his role as White House Chief of Staff by the end of the year, President Donald Trump said on Saturday, ending a tenure marked by tensions with his boss and confrontations with other key administration figures. The president announced the news on the front lawn on the White House, following days of swirling speculation around the retired Marine Corps general’s exit for months amid disagreements with Trump. Nevertheless, in his brief remarks to reporters, Trump ca
Trump announces John Kelly to depart White House by year’s end Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-08  Authors: jacob pramuk, javier e david, christina wilkie, tucker higgins, saul loeb, afp, getty images
Keywords: news, cnbc, companies, kelly, house, months, chief, reported, depart, staff, end, john, trump, ayers, white, president, announces


Trump announces John Kelly to depart White House by year's end

John Kelly is expected to depart his role as White House Chief of Staff by the end of the year, President Donald Trump said on Saturday, ending a tenure marked by tensions with his boss and confrontations with other key administration figures.

Kelly’s departure follows several months of controversy and turmoil, and comes at a time when the president’s agenda is imperiled by a midterm election in which Democrats recaptured the House of Representatives. The chief of staff vacancy is just the latest changing of the guard at the administration’s highest levels, which includes the U.S. Attorney General, United Nations ambassador and Joint Chiefs of Staff.

The president announced the news on the front lawn on the White House, following days of swirling speculation around the retired Marine Corps general’s exit for months amid disagreements with Trump. Nevertheless, in his brief remarks to reporters, Trump called Kelly “a great guy” and that he appreciated his service.

“We’ll be announcing who will be taking John’s place” over the next day or two, Trump said, en route to the annual Army-Navy football game. Vice President Mike Pence’s chief of staff, Nick Ayers, is reportedly among the candidates who could succeed Kelly, but Reuters reported that the parties were still thrashing out the details.

NBC News and The New York Times reported on Saturday that Ayers was only willing to commit to an interim term through the spring, as his family is expected return to Georgia, citing people familiar with the discussions. Yet the president, eager to tamp down on the storyline of his White House in chaos, wants Ayers to stay on full time.


Company: cnbc, Activity: cnbc, Date: 2018-12-08  Authors: jacob pramuk, javier e david, christina wilkie, tucker higgins, saul loeb, afp, getty images
Keywords: news, cnbc, companies, kelly, house, months, chief, reported, depart, staff, end, john, trump, ayers, white, president, announces


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Ford and VW considering an expansive alliance likely to echo across the global auto industry

Barring a last-minute hitch, two of the world’s largest automakers plan to announce a far-reaching alliance shortly after the new year, one that will cover a wide swath of territory and a broad range of technologies, new and old. Diess noted that he had told the president VW is”considering building a second car plant” that would supplement the automaker’s existing facility in Chattanooga, Tennessee that has already doubled in size since opening in 2011. But there appear to be other options Volks


Barring a last-minute hitch, two of the world’s largest automakers plan to announce a far-reaching alliance shortly after the new year, one that will cover a wide swath of territory and a broad range of technologies, new and old. Diess noted that he had told the president VW is”considering building a second car plant” that would supplement the automaker’s existing facility in Chattanooga, Tennessee that has already doubled in size since opening in 2011. But there appear to be other options Volks
Ford and VW considering an expansive alliance likely to echo across the global auto industry Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-08  Authors: paul a eisenstein, david becker, getty images, patrick t fallon, bloomberg, source
Keywords: news, cnbc, companies, likely, told, plant, automotive, echo, global, auto, president, considering, trump, talks, expansive, alliance, vw, industry, american, volkswagen, ford


Ford and VW considering an expansive alliance likely to echo across the global auto industry

Barring a last-minute hitch, two of the world’s largest automakers plan to announce a far-reaching alliance shortly after the new year, one that will cover a wide swath of territory and a broad range of technologies, new and old.

The deal will serve as something of a jointly played jigsaw puzzle, allowing Ford Motor and Volkswagen to leverage their strengths and offset weaknesses at a time when the global automotive industry is facing not only traditional competitive challenges but the risks posed by massive technological transformation. Among the key elements expected to be part of the deal will be a cooperative effort to bring to market electrified and autonomous vehicles, something each of the companies already has spent billions of dollars developing.

“We are in quite advanced negotiations and dialog with Ford to really build up a global automotive alliance, which also would strengthen the American automotive industry,” Volkswagen CEO Herbert Diess told reporters in Washington, D.C. after meeting with President Donald Trump earlier this week, offering the most substantial comment on the carmakers’ negotiations yet.

The meeting, which included other European auto executives such as Daimler CEO Dieter Zetsche, was aimed at easing trade tensions that have seen Trump threaten to impose major new tariffs aimed at restricting access to the American market by European automakers.

Diess noted that he had told the president VW is”considering building a second car plant” that would supplement the automaker’s existing facility in Chattanooga, Tennessee that has already doubled in size since opening in 2011.

But there appear to be other options Volkswagen is considering as it moves forward with talks with Ford. That includes the possibility of taking over one of the American company’s existing, underutilized assembly plants. It is also possible, several sources close to the talks have hinted, that VW could wind up sharing more than one plant with Ford.


Company: cnbc, Activity: cnbc, Date: 2018-12-08  Authors: paul a eisenstein, david becker, getty images, patrick t fallon, bloomberg, source
Keywords: news, cnbc, companies, likely, told, plant, automotive, echo, global, auto, president, considering, trump, talks, expansive, alliance, vw, industry, american, volkswagen, ford


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Cramer Remix: The trade war isn’t about trade—it’s about global domination

Contrary to what some investors might believe, the U.S.-China trade dispute is not really about trade, CNBC’s Jim Cramer said Friday as stocks tumbled on rising tensions between the two countries and weaker-than-expected U.S. jobs data. “The trade war with China is not about trade,” Cramer said. The trade war is about who gets to be a global superpower.” In fact, White House hardliners actually accept that the trade dispute will hurt public companies’ earnings, the “Mad Money” host said. “The tr


Contrary to what some investors might believe, the U.S.-China trade dispute is not really about trade, CNBC’s Jim Cramer said Friday as stocks tumbled on rising tensions between the two countries and weaker-than-expected U.S. jobs data. “The trade war with China is not about trade,” Cramer said. The trade war is about who gets to be a global superpower.” In fact, White House hardliners actually accept that the trade dispute will hurt public companies’ earnings, the “Mad Money” host said. “The tr
Cramer Remix: The trade war isn’t about trade—it’s about global domination Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-07  Authors: elizabeth gurdus, getty images, mary f calvert, adam jeffery
Keywords: news, cnbc, companies, cramer, isnt, global, tradeits, thats, president, uschina, tensions, really, trade, chinese, war, remix, domination


Cramer Remix: The trade war isn't about trade—it's about global domination

Contrary to what some investors might believe, the U.S.-China trade dispute is not really about trade, CNBC’s Jim Cramer said Friday as stocks tumbled on rising tensions between the two countries and weaker-than-expected U.S. jobs data.

“The trade war with China is not about trade,” Cramer said. “Sure, the Chinese government has all kinds of unsavory practices when it comes to trade — and a lot of other things — but that’s not really the point. The trade war is about who gets to be a global superpower.”

Many on Wall Street worried that U.S.-China tensions would escalate on Wednesday’s news that the global chief financial officer of Chinese telecom giant Huawei was arrested in Canada over the weekend, on the same day that President Donald Trump and Chinese President Xi Jinping reportedly struck a 90-day tariff truce.

But at the end of the day, this fight goes beyond helping U.S. companies, Cramer said. In fact, White House hardliners actually accept that the trade dispute will hurt public companies’ earnings, the “Mad Money” host said.

“The real point is, wherever you stand on this issue, it’s bigger than corporate earnings. It’s bigger than the economy,” he said. “The trade war with China is about global hegemony — who gets to rule the world — and that’s why it’s so darned intractable, because these are pretty high stakes.”


Company: cnbc, Activity: cnbc, Date: 2018-12-07  Authors: elizabeth gurdus, getty images, mary f calvert, adam jeffery
Keywords: news, cnbc, companies, cramer, isnt, global, tradeits, thats, president, uschina, tensions, really, trade, chinese, war, remix, domination


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Anti-election meddling group makes A.I.-powered Trump impersonator to warn about ‘deepfakes’

Artificial intelligence (AI) is getting frighteningly close to being able to mimic humans, and advances in the technology could be a major risk for democracies worldwide. That’s the worry held by the Transatlantic Commission on Election Integrity, a U.S.-European organization looking at combating interference in Western elections by hostile foreign actors. Members include former U.S. Vice President Joe Biden and ex-Estonian President Toomas Hendrik Ilves. ASI gained attention earlier this year f


Artificial intelligence (AI) is getting frighteningly close to being able to mimic humans, and advances in the technology could be a major risk for democracies worldwide. That’s the worry held by the Transatlantic Commission on Election Integrity, a U.S.-European organization looking at combating interference in Western elections by hostile foreign actors. Members include former U.S. Vice President Joe Biden and ex-Estonian President Toomas Hendrik Ilves. ASI gained attention earlier this year f
Anti-election meddling group makes A.I.-powered Trump impersonator to warn about ‘deepfakes’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-07  Authors: ryan browne
Keywords: news, cnbc, companies, aipowered, online, meddling, impersonator, group, asi, trump, commission, antielection, democracies, president, technology, developed, deepfakes, makes, attention, audio, warn


Anti-election meddling group makes A.I.-powered Trump impersonator to warn about 'deepfakes'

Artificial intelligence (AI) is getting frighteningly close to being able to mimic humans, and advances in the technology could be a major risk for democracies worldwide.

That’s the worry held by the Transatlantic Commission on Election Integrity, a U.S.-European organization looking at combating interference in Western elections by hostile foreign actors.

It was set up last year by Anders Fogh Rasmussen, Denmark’s former prime minister and ex-secretary general of NATO, and Michael Chertoff, former U.S. secretary of homeland security, and is part of Rasmussen’s political foundation, the Alliance of Democracies. Members include former U.S. Vice President Joe Biden and ex-Estonian President Toomas Hendrik Ilves.

Using technology developed by London-based AI firm ASI Data Science, the pro-democracy group focused its attention on a new phenomenon in online communities known as “deepfakes,” computer-generated video or audio made to look or sound as though someone is doing or saying something they have not. ASI gained attention earlier this year for its work with the British government on spotting and removing online Jihadist propaganda.

The commission and ASI recently developed an online quiz where users can listen to audio from human impersonators of President Donald Trump — including the voices of comedian Alec Baldwin on “Saturday Night Live” and award-winning Trump impersonator John Di Domenico — alongside algorithm-generated audio mimicking Trump’s voice repeating their lines.


Company: cnbc, Activity: cnbc, Date: 2018-12-07  Authors: ryan browne
Keywords: news, cnbc, companies, aipowered, online, meddling, impersonator, group, asi, trump, commission, antielection, democracies, president, technology, developed, deepfakes, makes, attention, audio, warn


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Trump says he hopes OPEC will be keeping oil flows ‘as is’

President Donald Trump urged OPEC to continue pumping oil at current high levels on Wednesday, one day before the group of petroleum exporting nations is expected to agree to cut output. “Hopefully OPEC will be keeping oil flows as is, not restricted. The World does not want to see, or need, higher oil prices!” Throughout the year, Trump has publicly blamed OPEC for rising oil prices and ordered the group to take measures to reduce the cost of crude. The group is trying to prevent a repeat of 20


President Donald Trump urged OPEC to continue pumping oil at current high levels on Wednesday, one day before the group of petroleum exporting nations is expected to agree to cut output. “Hopefully OPEC will be keeping oil flows as is, not restricted. The World does not want to see, or need, higher oil prices!” Throughout the year, Trump has publicly blamed OPEC for rising oil prices and ordered the group to take measures to reduce the cost of crude. The group is trying to prevent a repeat of 20
Trump says he hopes OPEC will be keeping oil flows ‘as is’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: tom dichristopher, omar marques, lightrocket, getty images
Keywords: news, cnbc, companies, president, saudi, prices, group, flows, output, trump, nations, supply, oil, opec, keeping, hopes


Trump says he hopes OPEC will be keeping oil flows 'as is'

President Donald Trump urged OPEC to continue pumping oil at current high levels on Wednesday, one day before the group of petroleum exporting nations is expected to agree to cut output.

“Hopefully OPEC will be keeping oil flows as is, not restricted. The World does not want to see, or need, higher oil prices!” Trump tweeted.

OPEC meets on Thursday in Vienna, Austria and is reportedly aiming to remove at least 1.3 million barrels per day from the market. The group began managing crude supply in partnership with Russia and several other nations last year in order to end a punishing downturn in oil prices.

The alliance’s policy of capping output has drawn Trump’s ire because the president wants fuel costs to fall at U.S. gas stations. Throughout the year, Trump has publicly blamed OPEC for rising oil prices and ordered the group to take measures to reduce the cost of crude.

In June, OPEC agreed to increase output after the alliance unintentionally removed more barrels from the market than it intended. Top OPEC producer Saudi Arabia, a close U.S. ally, is responsible for most of the surge in supply since mid-year. The kingdom’s output reportedly surpassed a record 11 million bpd in November.

At the time OPEC agreed to hike output, the Trump administration was preparing to restore sanctions on Iran, the group’s third biggest producer. That raised concerns about supply shortages and pushed up prices throughout much of the year.

However, OPEC now expects the oil market to swing into oversupply. The group is trying to prevent a repeat of 2014, when a global crude glut crushed oil prices.

The cost of crude has collapsed more than 30 percent over the last two months, putting pressure on budgets in oil-exporting nations. Analysts say current low prices will likely cause American oil drillers to issue conservative spending plans for 2019 and potentially return less money to shareholders.

Still, Trump urged Saudi Arabia to drive prices even lower last month.

The kingdom now faces the challenge of pushing through production cuts without alienating Trump. The U.S. president has defended the Saudi leadership despite a CIA assessment that Crown Prince Mohammed bin Salman was likely involved in the killing of Washington Post columnist Jamal Khashoggi in October.

The outcry over the incident on Capitol Hill grew louder on Tuesday after CIA Director Gina Haspel briefed senators on the agency’s assessment.


Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: tom dichristopher, omar marques, lightrocket, getty images
Keywords: news, cnbc, companies, president, saudi, prices, group, flows, output, trump, nations, supply, oil, opec, keeping, hopes


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Trump says he believes China’s Xi Jinping on trade tariff truce

President Donald Trump said Wednesday that he trusts Chinese President Xi Jinping’s word on commitments to trade reforms, amid confusion about what the two leaders actually agreed to as part of their weekend trade truce. The leaders are trying to come to terms over what the Trump administration calls unfair trade practices. In tweets Wednesday morning, Trump pushed back on reports that China may not swiftly address the White House’s concerns. “Not to sound naive or anything, but I believe Presid


President Donald Trump said Wednesday that he trusts Chinese President Xi Jinping’s word on commitments to trade reforms, amid confusion about what the two leaders actually agreed to as part of their weekend trade truce. The leaders are trying to come to terms over what the Trump administration calls unfair trade practices. In tweets Wednesday morning, Trump pushed back on reports that China may not swiftly address the White House’s concerns. “Not to sound naive or anything, but I believe Presid
Trump says he believes China’s Xi Jinping on trade tariff truce Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: jacob pramuk, thomas peter, pool, getty images, kevin lemarque
Keywords: news, cnbc, companies, president, chinas, jinping, meeting, xi, tariffs, trump, chinese, word, trade, china, believes, truce, white, tariff


Trump says he believes China's Xi Jinping on trade tariff truce

President Donald Trump said Wednesday that he trusts Chinese President Xi Jinping’s word on commitments to trade reforms, amid confusion about what the two leaders actually agreed to as part of their weekend trade truce.

The world’s two largest economies agreed to halt an escalating series of tariffs following a face to face meeting between Trump and Xi at the G-20 summit in Argentina on Saturday. But Trump’s claims about what China conceded have muddled the start of a 90-day window for talks to reach an agreement. The leaders are trying to come to terms over what the Trump administration calls unfair trade practices. The mixed messages coming from the White House helped to sink U.S. stock markets on Tuesday.

In tweets Wednesday morning, Trump pushed back on reports that China may not swiftly address the White House’s concerns. He said Beijing sent “very strong signals” about taking action on trade after a “long trip, including stops,” home from Argentina.

“Not to sound naive or anything, but I believe President Xi meant every word of what he said at our long and hopefully historic meeting. ALL subjects discussed!” the president tweeted.

Trump, a president who often declares victory even in the absence of concrete progress, quickly touted major Chinese concessions following the meeting Saturday. He said Monday that China would “immediately” start purchasing more agricultural products and “reduce and remove tariffs” on auto imports — statements that White House officials and the Chinese government struggled to clarify in the ensuing days.


Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: jacob pramuk, thomas peter, pool, getty images, kevin lemarque
Keywords: news, cnbc, companies, president, chinas, jinping, meeting, xi, tariffs, trump, chinese, word, trade, china, believes, truce, white, tariff


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In pictures: A nation mourns the 41st president, George HW Bush

Wednesday is a national day of mourning for the 41st president of the United States as George Herbert Walker Bush’s life was being celebrated at the Washington National Cathedral. Bush died on Friday in Houston at age 94. His body was flown to Washington on Monday and was brought to the U.S. Capitol, where the Republican former president had lain in state in the Rotunda starting that night. The funeral was being held at the cathedral, a day before Bush was to be buried next to his wife, Barbara,


Wednesday is a national day of mourning for the 41st president of the United States as George Herbert Walker Bush’s life was being celebrated at the Washington National Cathedral. Bush died on Friday in Houston at age 94. His body was flown to Washington on Monday and was brought to the U.S. Capitol, where the Republican former president had lain in state in the Rotunda starting that night. The funeral was being held at the cathedral, a day before Bush was to be buried next to his wife, Barbara,
In pictures: A nation mourns the 41st president, George HW Bush Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: adam jeffery, david hume kennerly, archive photos, getty images, drew angerer, jabin botsford, the washington post, yuri gripas, courtesy office of george h w bush-evan sisley, shawn thew
Keywords: news, cnbc, companies, president, bush, day, 41st, capitol, pictures, national, walker, nation, hw, george, wife, mourns, washington


In pictures: A nation mourns the 41st president, George HW Bush

Wednesday is a national day of mourning for the 41st president of the United States as George Herbert Walker Bush’s life was being celebrated at the Washington National Cathedral.

Bush died on Friday in Houston at age 94. His body was flown to Washington on Monday and was brought to the U.S. Capitol, where the Republican former president had lain in state in the Rotunda starting that night.

Former presidents, dignitaries and ordinary Americans paid their respects at the Capitol. The funeral was being held at the cathedral, a day before Bush was to be buried next to his wife, Barbara, at the George Bush Presidential Library on the campus of Texas A&M University near Houston.

The following are photos of the past few days of memorial services for the 41st president.


Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: adam jeffery, david hume kennerly, archive photos, getty images, drew angerer, jabin botsford, the washington post, yuri gripas, courtesy office of george h w bush-evan sisley, shawn thew
Keywords: news, cnbc, companies, president, bush, day, 41st, capitol, pictures, national, walker, nation, hw, george, wife, mourns, washington


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