China agrees to reduce and remove tariffs on USA cars

China agrees $9 billion currency swap with Argentina

China agrees $9 billion currency swap with Argentina

Analysts cautioned on Monday that the trade deal may have only bought some time for more wrangling over deeply divisive trade and policy differences, and said China's economy would continue to cool regardless under the weight of weakening domestic demand.

Sustained gains in prices will depend on how quickly shipments of soybeans and other products resume given the higher prices they will command in China due to the tariffs.

Adding to the buying support was President Vladimir Putin saying Saturday that Russian Federation and Saudi Arabia had agreed to renew a pact on production cuts. "China will be buying massive amounts of products from us".

There was also caution from the USA business community.

As part of the deal, China also agreed to start purchasing agricultural products from United States farmers immediately, the White House said.

"It's great the two sides took advantage of this opportunity to call a truce", said Andy Rothman, investment strategist at Matthews Asia.

VIDÉO - "Gilets jaunes" : un péage incendié "par des casseurs" dimanche à Narbonne
Au moins cinq personnes ont été interpellées, rapporte le journal L'indépendant qui montre des images impressionnantes. Pendant plusieurs heures, quelques dizaines de casseurs ont incendié tout ce qui se trouvait sur leur passage.

The two world leaders met for a dinner meeting to discuss trade at the sidelines of the Group of 20 leaders' summit.

Trump said Bush's death put a "damper" on what he described as a "very important meeting" with Xi.

China responded by imposing its own tariffs.

As tit-for-tat trade tariffs ratcheted up between the nations this year, China slapped retaliatory duties on US soybeans, pork and a host of other agricultural goods.

If the negotiations fail, tariffs will jump from 10 percent now to 25 percent.

In July, Qualcomm - the world's biggest smartphone-chip maker - walked away from a $44 billion deal to buy NXP after failing to secure Chinese regulatory approval, becoming a high-profile victim of the China-U.S. trade dispute.

All Blacks Sevens complete Dubai double
A Harry Glover try with time running out lifted England to a 15-14 win over Australia in the third-place match. The Women are next in action at the Sydney Sevens at the start of February.

"Moreover, the ideology behind the trade tensions is still about strategic positioning of the two economies, which means until issues around technology transfer and (intellectual property) are resolved, nerves will persist".

USA officials insist that the American economy is more resilient to the tumult than China's, but they remain anxious of the economic effects of a prolonged showdown - as Trump has made economic growth the benchmark by which he wants his administration judged.

Stock markets are rallying worldwide after the U.S. and China agreed to suspend new tariffs in their trade war to allow for peace talks.

Joining other forecasters, economists at the Organization for Economic Co-operation and Development last week downgraded their outlook for global economic growth next year to 3.5 percent from a previous 3.7 percent.

Traders are now looking ahead to a weekend meeting of OPEC and key non-OPEC members, where they will make an announcement on how much they will cut and for how long. About 10 per cent, or more than 280,200, cars China imported previous year came from the United States, according to China's Passenger Car Association.

It should be noted that Xinhua's article in Chinese doesn't elaborate on what control measures on fentanyl China will implement, whereas the White House statement said Xi has made a decision to designate fentanyl as a "controlled substance, meaning that people selling Fentanyl to the United States will be subject to China's maximum penalty under the law".

Heathrow Airport: Drunk Japanese pilot Katsutoshi Jitsukawa pictured
The judge suggested Jitsukawa put colleagues in a position of either performing a "cover up" or reporting him to superiors. Earlier this month Japan Airlines said it would introduce a new breathalyser system at airports overseas .

The White House also said that China's government is "open to approving" the purchase of Dutch semiconductor manufacturer NXP by American chipmaker Qualcomm. It is unclear whether the transaction could be revived even with China's acquiescence.

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