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G7 divides to G6 plus Trump over trade war threat

LA MALBAIE: Leaders of the G7 nations spent Friday hunting for a face saving formula to mask the deep rift inflicted on the Western alliance by US President Donald Trump’s assault on global trade rules. Senior figures, including Trump, suggested that some kind of joint statement on the need to jointly re-examine commercial relationships might [...] The post G7 divides to G6 plus Trump over trade war threat appeared first on The Manila Times Online......»»

Category: newsSource: manilatimes manilatimesJun 9th, 2018

Trump says he rejected meeting with Trudeau over trade fight

WASHINGTON --- President Donald Trump said Wednesday that he rejected a one-on-one meeting with Canadian Prime Minister Justin Trudeau over the trade dispute involving the North American neighbors and renewed his threat to slap tariffs on cars imported from Canada as negotiations drag on. Trudeau spokeswoman Eleanore Catenaro said in response: "No meeting was requested. We don't have any comment beyond that." In an extraordinary rebuke of America's northern neighbor, Trump vented his frustration with Canada during a news conference along the sidelines of the United Nations General Assembly, the latest sign of deteriorating relations between the two allies. "His tariffs are t...Keep on reading: Trump says he rejected meeting with Trudeau over trade fight.....»»

Category: newsSource:  inquirerRelated NewsSep 27th, 2018

China says tariff threat against U.S. justified

SINGAPORE, Singapore – China's foreign minister said Saturday, August 4 that his country's threat to impose retaliatory tariffs on $60 billion of American goods  in an escalating trade spat was "fully justified".  Beijing threatened Friday, August 3, to bring in the levies on products ranging from beef to condoms, after US President Donald Trump's ........»»

Category: newsSource:  rapplerRelated NewsAug 4th, 2018

Trump, EU’s Juncker agree to ease trade tensions

WASHINGTON, D.C.: US President Donald Trump and European Commission chief Jean-Claude Juncker on Wednesday agreed on a plan to defuse the festering trade dispute between the two major economies. Germany’s economy minister described the agreement — which means Washington will not follow through with a threat to impose tariffs on autos that would hurt the [...] The post Trump, EU’s Juncker agree to ease trade tensions appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJul 26th, 2018

Trump, EU s Juncker agree to ease trade tensions

WASHINGTON DC, USA – US President Donald Trump and European Commission chief Jean-Claude Juncker on Wednesday, July 25, agreed on a plan to defuse the festering trade dispute between the two major economies. The agreement, though short on details, means Washington will not follow through with a threat to impose tariffs on autos, which ........»»

Category: newsSource:  rapplerRelated NewsJul 26th, 2018

What to watch in commodities: Iran, big oil, miners, gold, crops

It’s getting ugly out there. Commodities are getting shaken up as investors fret about the fall-out from the global trade war, and as the White House turns up the heat against Iran. President Donald Trump just fired off a blunt, tweeted threat to counterpart Hassan Rouhani, and US Secretary of State Michael Pompeo upped the […].....»»

Category: financeSource:  bworldonlineRelated NewsJul 23rd, 2018

Donald Trump’s many trade wars: A summary

As the Group of 20 finance ministers and central bankers prepare to meet in Buenos Aires, the United States is likely to face intense questions over its aggressive tariff policies. The US-China spat is the largest and broadest of several trade fights picked by President Donald Trump, who threatened on Friday to escalate even further. The growing share of international trade under threat has raised the prospect the escalating trade war could harm the global economy, shrinking investments and undermining supply chains. Here is a summary of Trump's multi-front trade conflicts: China After weeks of apparently fruitless negotiations, the United States early this month imposed 25 per...Keep on reading: Donald Trump’s many trade wars: A summary.....»»

Category: newsSource:  inquirerRelated NewsJul 20th, 2018

China says US companies should lobby Washington over trade

China tried to step up pressure on Washington in their growing tariff war yesterday by suggesting US companies lobby American leaders, while a Korean union warned President Donald Trump's threat of higher auto import duties could lead to job losses in Alabama......»»

Category: newsSource:  philstarRelated NewsJul 12th, 2018

China says US companies should lobby Washington over trade

China tried to step up pressure on Washington in their growing tariff war yesterday by suggesting US companies lobby American leaders, while a Korean union warned President Donald Trump's threat of higher auto import duties could lead to job losses in Alabama......»»

Category: newsSource:  philstarRelated NewsJul 12th, 2018

China accuses Trump of ‘blackmail’ after new tariffs threat

Beijing, China — Beijing on Tuesday accused Donald Trump of “blackmail” and warned it would retaliate in kind after the US president threatened to impose fresh tariffs on Chinese goods, pushing the world’s two biggest economies closer to a trade war. Trump said on Monday he had asked the US Trade Representative to target $200 […] The post China accuses Trump of ‘blackmail’ after new tariffs threat appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJun 19th, 2018

Trump readies final China tariff target list

WASHINGTON, D.C.: US President Donald Trump on Friday was due to unveil a final list of Chinese imports that would face punishing tariffs, fanning fears of a trade war as Beijing warned that it could swiftly strike back. The threat of massive duties on billions of dollars of goods sent Shanghai stocks to their lowest [...] The post Trump readies final China tariff target list appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 15th, 2018

Trump preps China tariff target list, Beijing ready to retaliate

US President Donald Trump on Friday was due to unveil a final list of Chinese imports that would face punishing tariffs, fanning fears of a trade war as Beijing warned that it could swiftly strike back. The threat of massive duties on billions of dollars of goods sent Shanghai stocks to their lowest level since […] The post Trump preps China tariff target list, Beijing ready to retaliate appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJun 15th, 2018

Trump escalates ‘war’ on allies

QUEBEC CITY -- The G7 summit ended in farce and a renewed threat of global trade war on Saturday as US President Donald Trump abruptly rejected the text of a consensus statement and bitterly insulted the Canadian host. Just minutes after a joint communique that had been approved by the….....»»

Category: newsSource:  journalRelated NewsJun 10th, 2018

Trump trade fury plunges G7 summit into chaos

LA MALBAIE, Canada – The G7 summit ended in farce and a renewed threat of trade war Saturday, June 9, as US President Donald Trump rejected an attempt to write a consensus statement and bitterly insulted the Canadian host.  Just minutes after a joint communique that had ........»»

Category: newsSource:  rapplerRelated NewsJun 10th, 2018

Trump renews China tariff threat, complicating talks

The Trump administration has renewed its threat to place 25 percent tariffs on $50 billion of Chinese goods in retaliation for what it says are China's unfair trade practices......»»

Category: newsSource:  philstarRelated NewsMay 30th, 2018

Draw of another title lights postseason path of Warriors

By David Aldridge, TNT Analyst One of the Golden State Warriors’ people, walking out of Smoothie King Center Sunday (Monday, PHL time), summarized the team’s season so far in detailing Kevin Durant’s 38-point performance against the Pelicans in Game 4 of the Western Conference semifinals. “Sometimes, people forget,” he said, a wry smile on his face -- and, yes, they do. With all that has gone on around the league this season, the Warriors’ storyline hasn’t been quite as eyeballed nationally this season compared with previous years. (Not that they should care. It’s just an observation.) The Cleveland Cavaliers blew things up last summer and reformed in the fall, blew it up again in the winter and reformed again in the spring. The Boston Celtics are displaying amazing resilience through seemingly devastating injuries to put themselves on the brink of another conference finals. The Philadelphia 76ers have their Fun Bunch. There was Paul George’s trade to Oklahoma City (and all that entailed, now and later) and the Toronto Raptors’ dramatic and successful changes throughout the year. And, at the forefront, there was the Houston Rockets’ rise as a legit and serious challenger to the Warriors in the Western Conference. During the regular season, the Warriors’ energy and productivity dropped off ever so slightly, like the planet killer in “The Doomsday Machine,” one of the all-time best original “Star Trek” episodes, after the doomed Commodore Decker drove a Shuttlecraft right down its throat. (Of course, Captain Kirk figured out to destroy it. Dude, come on. This is James Tiberius Kirk we’re talking about.) And at the end of the regular season, they were hit with a series of body shot injuries: Stephen Curry’s MCL strain, Durant’s ribs, Klay Thompson’s thumb injury, Draymond Green’s hip, and on and on. Those all sapped their continuity and made them look mortal down the stretch of the 2017-18 season, and the Warriors went 7-10 as the season waned. But, after dispatching the Kawhi Leonard-less Spurs in five games in the first round, and taking a 3-1 lead on the Pelicans now, they’re again on the precipice of the Western Conference finals. A date with Houston is looming and a chance at a third title in four seasons is still on their racket. “I think as the playoffs go on, every series requires a different intensity level,” Green said last week. “I think we met that standard that it takes to win playoff games at the level we’re at right now, which is the second round. It’s not our first rodeo. We’ve been here a lot of times and we know what it takes.” Steve Kerr rolled the “Hamptons Five” lineup out Sunday (Monday, PHL time), the Lineup Formally Known as Death -- Curry, Thompson, Andre Iguodala, Green and Durant. It’s been their trump card for almost two years, the lineup that can’t be solved by the opposition, even as it’s chipped away at most of Golden State’s other conventional units. Durant went for 38, and the Warriors rolled to a 118-92 win and a 3-1 series lead. They didn’t use it much this season -- that quintet only played 127 minutes together this season, after logging 224 minutes last season -- because of all the injuries, because they tried to limit their biggest players’ minutes and because using Iguodala as a starter thins out Golden State’s bench. The Warriors’ most frequently used five-man unit this season featured Zaza Pachulia at center; among five-man units leaguewide that played 200 minutes or more together this season, per NBA.com/Stats, that quintet was third in the league in Offensive Rating, at 118.6. But Pachulia hasn’t played a minute in the playoffs, and if the Rockets are the Warriors’ next opponent, he may not play much then, either, against Clint Capela. Kerr often points out that the Warriors have six centers on the current roster, and most of them have gotten at least a little run at various points. But after JaVale McGee was ineffective in Game 3 against New Orleans Friday (Saturday, PHL time), Kerr pulled his trump card. It’s still a game-changer, and when a season comes down to a best-of-seven series, one game can be the difference. “We all bring the best of each other,” Curry said of the Hamptons unit. “We increase the pace of the game, but the versatility [is] at the defensive end -- Andre, Draymond, KD shoring up the paint, switching a lot of the screens and the action from the offense and Klay doing what he does on the perimeter. I think the biggest thing offensively is that we’re all playmakers, try to look for the best shot, stay within ourselves and just make the right play.” Going back to the old playlist may give the Warriors comfort in what has been another drama-filled season, with the contretemps about being disinvited from the White House by President Trump in September getting things off to a rollicking start. But the end of the season was what raised eyebrows around the league. Curry’s absence down the stretch combined with a teamwide ennui -- “I really don’t like talking about it,” Thompson said -- that gave potential playoff opponents hope they might be able to catch Golden State napping. The Warriors’ boredom showed up most at the defensive end. After being in the top seven in both unadjusted and adjusted Defensive Rating in each of the last four seasons -- including first in the league in both categories in the first championship season of 2014-15 -- Golden State fell to 11th and 12th, respectively, in the regular season. They came out of the All-Star break focused -- they were fifth in the league in Defensive Rating on March 1. But all the injuries blunted their momentum, and the scariest of all -- a serious injury to second-year guard Patrick McCaw in Sacramento March 31 (April 1, PHL time) -- shook the team more than people on the outside realized. “Throughout that time, we had spurts,” Durant said. “We played a great OKC team. We went in there and won. Then we lost to Indiana by 20, and then it’s like, when you’re riding just on emotion a lot, you tend to go up and down. It’s like a roller coaster. I think that’s what it was. We had those spurts where we played well and played a focused game, but then Patty goes out, boom, and there was just so much that went on with that. Then Steph goes out with a freak injury. So much went on with that. I think we were just so up and down emotionally it kind of blinded us from our goal, which was to be good every single night as basketball players.” McCaw’s injury -- a bone bruise suffered when he fell after a dunk attempt against the Kings, which required him to be carried off the court in Sacramento on a stretcher -- hit everyone hard. “When Pat got injured, I think that took a little bit out of us,” Durant said. “It took a little bit out of Steve as well. You could just feel it, when Steph went out, then I went out, then Draymond, then Klay. Our emotions were so up and down. When your emotions are, you have too many emotions in the game of basketball, it can kind of blind you from what you really have to do. This is a technical game. So when you put too many emotions into it, it kind of took us away from what we wanted to do.” McCaw, who played in 57 games this season, was not only a part of Kerr’s rotation. He is also a well-liked person who was getting better on the floor. He was re-evaluated last week and will be checked out again in a month. Though he’s been traveling with the team during the playoffs, his season is almost certainly over. And as his injury came during the Warriors’ many injuries down the stretch, its chilling effect was multiplied. “It definitely got to everybody,” Green said. “Kind of the uncertainty of not knowing what’s going on with him. The rotations. Everybody’s like, ahh, kind of tiptoeing around, trying to make sure you get to the playoffs healthy. A lot of that makes a difference. I mean, that’s our brother. To see him down like that, not be able to walk off the court under his own power, him not being around us for two or three weeks, it was kind of like the unknown. It sucked. And I think it definitely had an effect on everything.” But Durant doesn’t like the metaphor of the proverbial switch being turned on at playoff time explaining the team’s improvement the last couple of weeks. “I don’t like when you call it a switch,” he said. “Because guys come in and get extra work in every single day. They work on their bodies every day, they get treatment. You come in here any time, you see guys in here working on their games. I think when you say ‘a switch turned on,’ if guys went cold turkey on everything as professionals during the season, and just tried to pick it up in the playoffs, I think that’s turning on a switch. Mentally, focus-wise, game plan-wise, I think you can turn on a switch, because you can lock in on an opponent, you know their tendencies, you can just focus in on one group of players instead of one day it’s San Antonio, the next day it’s Phoenix, next day it’s Sacramento. You’re going so up and down. If that makes sense. “So I think everybody’s putting in that work individually all year, and as a team, you know, stuff has to come together. We have to focus in on what we need to do, game plan wise, tendency wise, just try to take away things. I think that’s where you kind of turn it up just a bit.” Golden State has performed in fits and starts in the first two rounds. The Spurs didn’t have enough firepower to be a serious threat, but they played hard and were increasingly effectively on defense as the series went on. The Warriors didn’t really have an answer for LaMarcus Aldridge after Game 1. New Orleans had, until Sunday (Monday, PHL time), been more and more successful at making the Warriors shoot contested shots. That certainly gibes with Curry’s return after five weeks. He’s healthy, but rusty. After his adrenaline-filled return last Tuesday (Wednesday, PHL time) in Game 2 against the Pelicans, he made just 14-of-33 from the floor in the two games in New Orleans. There was talk afterward about breakthroughs for Curry cardiovascularly. The next few games will tell whether Curry is truly recovered and ready to be two-time Kia MVP Steph … or will he just be on the floor (as he was for long and important stretches in the 2016 playoffs after returning from a Grade 1 knee sprain). The Warriors still made The Finals, but Curry wasn’t Curry against Cleveland, and everyone, starting and ending with LeBron James, knew it. No one in NBA history has changed the geometry of basketball more than Curry, and when he’s on the floor, the ball starts flying around. “Our formula is simple: if we out-pass people, we win,” Warriors forward David West said. “Ball movement. With guys going in and out of the lineup, it causes moments where guys try to carry the load, maybe try to shoulder the load individually. But the strength of the group is the group.” But the Warriors can still throw so many different things and people at you. Iguodala shot a career-worst 28.2 percent on three-pointers in the regular season. He’s at 39.3 percent in the 2018 playoffs. Does anyone doubt he was biding his time until the postseason? No one wearing an NBA uniform is in better shape than the 34-year-old Iguodala, no one is smarter about the game or matchups, and no one is a prouder, fiercer competitor. The 2015 Finals MVP brings his bag of intangibles with him on the road even more than at home, as he did Sunday. In that game, he was making life miserable for the Pelicans’ Nikola Mirotic, creating deflections, making the right reads and impacting the game despite scoring just six points. Kerr likened him to Scottie Pippen after Game 4, but Iggy wasn’t buying it -- “Steve just does that to make sure I don’t get mad ‘cause I don’t shots,” Iguodala quipped. He may be right. But Iguodala and Green have a mind meld defensively that’s at the heart of the Hamptons’ effectiveness. “Andre and I, we’re usually on the same page,” Green said. “Two guys who really think the game, especially on that side of the ball. Sometimes we can talk things out and it works perfect and not say a word, and know what each other’s going to do. It definitely helps our team out defensively kind of having two coaches out there on the floor on that side of the ball.” Whether it’s switching to guard each other’s man, running at an open shooter to close before the ball gets there with the other man rotating, they know what the other guy is going to do. And that second or so the Warriors save defensively keeps them from being broken down. “How fast can you make that decision?,” Green says. “How demonstrative are you going to be about that decision? Are you going to second guess that decision? That’s usually when it doesn’t work; if you’re going to go, just go. That’s kind of the motto that Andre and I go by. If you’re going to go, just go; everybody else fall in line and rotate, and we’ll work it out from there.” And while Green and Rajon Rondo have been exchanging pleasantries throughout this series, Green didn’t pick up his first postseason technical foul until Sunday (Monday, PHL time). He’s been under control, coming up to the edge without going over. Someone without access to the internet asked Kerr if he’d ever played with anyone who instigated or tried to get under the skin of opponents. It’s a testament to Kerr’s comic timing that he actually did wait a beat before answering. “I did play with Dennis Rodman,” he said. Never be fooled by Kerr’s overall pleasant disposition and quick-with-a-quip acuity, though. He is a fierce competitor that wants to win big, the same as his current point guard, who is similarly underrated on the competition scale. Kerr has seven rings as a player and coach, and it’s not a coincidence he’s frequently been around teams that got it done in June. But the Warriors are playing for even bigger stakes than just winning the 2018 title. Legacies are created this time of year. A third title in four seasons, with four straight Finals appearances, would put Golden State in very rarified air in the modern game. San Antonio won three titles from 2002-07. But the Spurs, famously, never have won back-to-back titles. The Kobe Bryant-Shaquille O’Neal-led Lakers, which won three straight from 2000-02, are the closest modern-day team to pulling off what the Warriors are trying to accomplish. Before then, you’re talking about the Michael Jordan-led Chicago Bulls, with six titles in eight seasons -- the two non-title seasons coinciding with Jordan’s sojourn to the minor leagues of baseball. Moreover, the Warriors are the hub around which the modern NBA now spins. And that is an even bigger legacy. Almost everyone (hi, Thibs!) tries to play the way Golden State does now -- the quick hitters, ball movement, pace. Teams do it in different ways. The 76ers look very different than the Warriors, with Joel Embiid their centerpiece of operations, and with 6'10" Ben Simmons taking up so much space with the ball in the halfcourt. The Rockets look different still as there’s not a ton of ball movement. There’s just an unending series of screen and rolls with Chris Paul and James Harden with the rock, looking for the inevitable open man in the corner or way, way behind the three-point line. A lot of things have happened the last 15 years to lead us where we are now. The league changed almost all the rules regarding zone defense, and got rid of almost all defensive contact on the perimeter. Rockets GM Daryl Morey and others led the burgeoning analytics movement, which championed shooting more and more three-pointers as a primary means of scoring, not as a novelty. Mike D’Antoni’s Phoenix Suns went with Amar’e Stoudemire at center, surrounding him with four smalls that could all shoot it from deep, and scoring came out of its coma leaguewide. Kerr and Pelicans Coach Alvin Gentry have always been quick to credit D’Antoni’s influence on the modern game, starting in Phoenix and working through his current team in Houston. “He’s the guy that just eliminated the center position -- let’s just go small and fast and shoot more threes,” Kerr said of D’Antoni. “I was inspired by Mike, but I was also inspired by Pop (the Spurs’ Gregg Popovich) and Phil Jackson in terms of basic ball movement, screening. But pace is the name of the game these days, and people go about it in different ways. Ironically, Mike’s team (in Houston) is the slowest team in the league now. I didn’t see that coming.” But no one has put all of it together -- pace, small ball, shooting and defense -- like the Warriors have the last four seasons. The Rockets are the closest thing we’ve seen to Golden State, and they’re hungry, and they’re coming. And the Warriors and Rockets are just a win apiece away from seeing the clash of the Western Conference titans. They are in the middle of it, so they can’t stop and think about what it all means. We get that. But everyone wants to put a marker out there that’s hard to catch. LeBron is chasing a ghost. The Warriors have already made their mark on the game. They’re almost in position to do more. History is forever. “It’s important, because it’s what’s right in front of us,” Curry said Sunday. “We don’t think about the historical context of anything. For us, we have an amazing group of guys, amazing coaches sitting behind us. We’re appreciating the moment. That’s really all it is. You have tunnel vision for Game 5 at home, then a new series, hopefully (after that). The historic context doesn’t really seep into the locker room when it comes to what that means. It’s just about this year.” Longtime NBA reporter, columnist and Naismith Memorial Basketball Hall of Famer David Aldridge is an analyst for TNT. You can e-mail him here, find his archive here and follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting......»»

Category: sportsSource:  abscbnRelated NewsMay 8th, 2018

Razon says ICTSI’s Mexico business at risk from US-China trade conflict

The trade war between the United States and China may affect the global economy, a validation that US President Donald Trump remains the biggest threat to global growth, ports tycoon Enrique K. Razon said yesterday......»»

Category: financeSource:  philstarRelated NewsApr 20th, 2018

Global economic upswing knocked back by Trump’s trade-war threat

Investors are worried that Donald Trump will derail world growth. An announcement last week of tariffs on imported steel and aluminum triggered a slide in optimism among financial-market participants, according to Sentix, which said the reaction should be a “wake-up call for the U.S. president to reconsider the matter of protectionism.” Investor confidence in the […] The post Global economic upswing knocked back by Trump’s trade-war threat appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 5th, 2018

Facilitating Philippine trade

Aside from the fact that global trade is picking up — despite the ever constant threat of protectionist revivals, mostly blamed (wrongly) on Trump — there is a clear dearth of substantial good news as far as the World Trade Organization is concerned. One sees that in peoples focus on the Trans-Pacific Partnership (TPP) and […] The post Facilitating Philippine trade appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJan 18th, 2018

Trump Wrapping Up Asia Tour Dominated by North Korea, Trade

MANILA, PHILIPPINES - President Donald Trump is wrapping up 12-day, five-nation tour of Asia dominated by talks on the North Korea nuclear threat and bolstering trade. After talks in Manila on Monday.....»»

Category: newsSource:  manilanewsRelated NewsNov 14th, 2017

Trump Wrapping Up Asia Tour Dominated by North Korea, Trade

MANILA, PHILIPPINES – President Donald Trump is wrapping up 12-day, five-nation tour of Asia dominated by talks on the North Korea nuclear threat and bolstering trade. After talks in Manila on Monday Source link link: Trump Wrapping Up Asia Tour Dominated by North Korea, Trade.....»»

Category: newsSource:  manilainformerRelated NewsNov 14th, 2017