Apr 07 2018
The global benchmark crude traded at a $4.84 premium to June WTI. Many trade experts point out that the United States increasingly acts on its own under Trump, by withdrawing from the Paris climate accord and the Trans Pacific Partnership, for instance, and pursuing trade protections without consulting allies.
The US Department of Agriculture is looking for ways to assist farmers affected by China's tariffs, USDA undersecretary Bill Northey told Reuters, but did not offer specifics. The move came a day after both the US and China officials indicated they are willing to negotiate on frictions. But the calm before any storm may last much longer if Trump wants protections in place for USA farmers.
"A (full-blown) trade war meanwhile would have a more pronounced effect".
On Friday in a tweet, President Trump accused China of unfair trade saying.
The week started with China imposing US$3 billion of tariffs on USA fruits, nuts, wine and pork, and rapidly escalated to threats that could seriously curtail hundreds of billions of dollars in trade between the world's two largest economies.
Trump's tariffs have been criticized by USA businesses and members of his own Republican party alike.
Kudlow started his job as director of the national economic council this week.
China said negotiations were impossible under the circumstances.
Fears on Wall Street Friday of an all-out trade war with China came after President Trump upped the stakes again in the multi-billion dollar tariff battle.The President asked for additional tariffs Thursday on $100 billion of Chinese imports and China responded with a warning.
In Beijing, a Commerce Ministry spokesman said China doesn't want a trade war - but isn't afraid to fight one.
China retaliated by announcing plans to impose a 25% tariff on USD50 billion worth of United States exports, including aircraft, cars, and soybeans, which Trump called an effort to harm USA farmers and manufacturers.
The ministry also vowed to take "comprehensive countermeasures", according to Xinhua, although it did not add further details.
"Under these conditions, the two sides can not conduct any negotiations on this issue", Mr Gao said, without elaborating.
Trump cited dropping aluminum prices as proof his get-tough trade policies are working in a Twitter message Friday morning. People are surprised, I'm not!
The Energy Information Administration (EIA) reported a 4.6 million-barrel draw in US crude inventories last week, compared with analysts' expectations for an increase of 246,000 barrels, providing some support to prices.
Benchmark U.S. crude dropped $1.48, or 2.3 percent, to $62.06 a barrel in NY while Brent crude, used to price global oils, lost $1.22, or 1.8 percent, to $67.11 per barrel in London.
GREENE: So were we expecting this to escalate more - for there to be more threatened tariffs from this White House?
President Trump says China needs the U.S.to fuel China's economic growth. He made the comments this morning during a radio interview on 77 WABC Radio.
"China and the United States are both big countries in the world and should respect each other and treat each other as equals", he added. If the United States continues its protectionism regardless of opposition from China and the worldwide community, China will fight to the end at any cost to "protect the interests of the country and the people", Xinhua reported.
China retaliated by imposing additional tariffs worth about US$ three billion on 128 USA products.
Apr 07 2018
Woods in trouble in 2nd round, fades at Masters
I still think he's far and away the most likely victor and I'm not tempted by any of the other short-priced contenders. I didn't finish the way I wanted to, but it was great out there, the atmosphere and everything, it was fantastic.
Apr 06 2018
Markets fall on trade war fears
ENERGY: Benchmark U.S. crude fell 34 cents to $63.20 a barrel in electronic trading on the New York Mercantile Exchange. Soybeans topped the list, which also included corn, tobacco products, cars and other vehicles, plastics and chemicals.
Apr 05 2018
Woods will be in mix for US Masters glory, insists Faldo
During a Masters press conference I heard Jason Day say, "I'd rather fail in front of millions than fail in front of nobody". Johnson didn't get the chance past year after he slipped down the stairs and wrenched his back on the eve of the Masters.
Apr 05 2018
Is Charley Hoffman playing in The Masters 2018?
Woods and Mickelson somehow convinced Couples and Pieters to let them be teammates. "I've never seen that kind of excitement". He has the second-lowest low scoring average of 68.8 in 2018 and the highest strokes gained per round.
Apr 04 2018
Patriots trade Brandin Cooks to Rams for 1st-round pick
Also, for fans who thought that maybe an offensive lineman, one who might push some of the age at center or tackle, is also gone. He's recorded three consecutive 1,000-yard seasons and should become a prime target in L.A. for young quarterback Jared Goff .
Apr 04 2018
Villanova gets win against MI in blow out - Recap, Box score
He scored 13 of those points in a 23-7 surge at the end of the half that turned Michigan's 21-14 lead into a 37-28 deficit. In fact, ratings for the 2017 game were up 29 percent from the 17.8 million who watched on Turner networks in 2016.
Apr 04 2018
South Africa Pays Tribute To Winnie Mandela
Those who she didn't want to sit next to her because of the things they did to her, we'll be monitoring them closely. In 1993, Winnie Mandela was elected as the president of the African National Congress (ANC) Women's League.
Apr 04 2018
Rain changing to snow tonight
There won't be much accumulation by morning since recent higher temperatures in Philadelphia and NY warmed up the ground. Winds could gust up to 45 miles per hour which is enough to cause some isolated reports of wind damage.
Apr 04 2018
Spotify hopes to strike a chord with investors
Unlike other companies who handle this process with the involvement of investment bankers, Spotify is not issuing any new stock . In February, the shares were valued at around $20-billion based on private stock transactions among existing investors.
Apr 03 2018
Anthony Joshua beats Joseph Parker to win third world heavyweight boxing title
As the fight progressed, Fury became still more critical and said that the fight was proving to be a waste of people's money. Joshua said the fight has to take place in the United Kingdom, something Deontay Wilder hasn't shied away from in the past.
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Apr 06 2018Kevin De Bruyne: 'I only spoke to Jose Mourinho twice at Chelsea'
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Apr 05 2018John Cena Says Conor McGregor Would Probably Beat Him Up
Apr 05 2018Notre Dame women steal NCAA title with 2nd shot of a lifetime
Apr 05 2018In Tribute to Winnie Madikizela-Mandela, 'Mother of South Africa'
Apr 05 2018Liverpool boss Jurgen Klopp sorry over Man City bus attack
Apr 04 2018Sterling girls soccer team drops league game
Apr 04 2018Could it be, a Tiger Woods-Phil Mickelson bromance?
Apr 04 2018Severe weather outlook Tuesday
Apr 07 2018Baseball Team Happy to Be in Florida
Apr 06 2018Trump Threatens China With $100 Billion In Additional Trade Penalties
Apr 06 2018Australia starts investigation on whether Facebook breached the country's data privacy laws
Apr 06 2018Amen Corner wasn't good to Tiger Woods in first-round 73
Apr 06 2018Spieth in his comfort zone, leads by two strokes at Masters
Apr 05 2018Kenny Dalglish Really Loved Liverpool's Win Over Manchester City
Apr 05 2018Oklahoma teachers walk out for second day
Apr 05 2018Keita: Barcelona must respect AS Roma
Apr 05 2018Augusta Masters: Five golfers to watch
Apr 04 2018It's April 2 and snow is falling on the Philly region
Apr 04 201850 years after MLK's death, a look at his life
Apr 03 2018Pork Producers Concerned Over New China Tariffs