Trade war worries whack Wall Street and European markets. We're next!

27 June, 2018, 12:11 | Author: Regina Silva
  • Donald Trump is set to stop Chinese companies from investing in US technology firms

The US plans to ban firms with at least a quarter Chinese ownership from buying US companies with "industrially significant technology", the Wall Street Journal reported, as a trade war between Washington and Beijing intensifies. "We are ready to continue discussions on the purchase of Airbus planes in a timely manner", Li said. It is planning to impose tariffs on $34 billion in Chinese goods July 6 - a figure that could rise to $450 billion if China refuses to back down and retaliates with sanctions of its own.

The tensions, which for weeks have struck fear into the hearts of global investors, add to those sparked by the trade dispute between the United States and European Union.

President Donald Trump this week is due to launch the next phase of his economic confrontation with Beijing, with new restrictions on Chinese investments to clamp down on access to sensitive American technologies. President Emmanuel Macron declared China's interest in buying $US18 billion worth of Airbus A320 narrow-body jets but failed to clinch a deal during a state visit in January.

The beef ban was imposed over a decade ago as Beijing started closing off its markets to all European imports, and later to United States beef imports, in the wake of the "mad cow" disease scare.

"Both sides believe that we must resolutely oppose unilateralism and trade protectionism and prevent such behaviour from causing volatility and recession in the global economy", Liu told a media briefing after the talks.

Gareth Southgate: Should England manager make changes?
At a World Cup , players want to play every match, England's Lingard said, "but you've got to listen to the gaffer (coach)". We had a really favourable draw, we all thought, in the last tournament [Euro 2016] and it didn't work out that way.


Kangaroo interrupts Australian soccer match, refuses to leave field
Canberra FC Ladies were losing by a goal to nil to Belconnen United Ladies when a kangaroo invaded the pitch and refused to leave. A coach in a pickup truck eventually chased the marsupial from the stadium through a break in the fence into a auto park.


Cristiano Ronaldo Reacts to Iranian Fans outside Portugal's Hotel
Uruguay did not allow a goal in the group stage, and will be a unsafe team in the Round-of-16 match against Group B runner up. There is an elbow - elbow is red card in the rules, and the rules doesn't say if it is (Lionel) Messi or Ronaldo.


Europe and China will form a group aimed at updating global trade rules to address technology policy, government subsidies and other emerging complaints in a bid to preserve support for worldwide commerce, the vice president of the European Union's governing body said Monday.

In late May, the US announced new tariffs of up to 25 percent on steel and aluminum imports from allies Mexico, Canada and the EU.

The meeting between economic decision makers from the European Union and China took place after the U.S. government threatened to impose several types of tariffs on products from China and the European Union over the past few weeks. As China steps up its engagement in Europe, the European Union, too, is working on measures to tighten screening of outside investments to protect critical technologies and infrastructure.

It said it would shift some production out of the U.S. to try to avoid the costs.

Katainen said that these issues were widely discussed during the meeting but that they should do more than just talk. Statement will be out not specific to China, but to all countries that are trying to steal our technology.

Recommended:

  • Clippers Trade Austin Rivers To Wizards For Marcin Gortat

    Clippers Trade Austin Rivers To Wizards For Marcin Gortat

    Rivers will serve as backcourt depth for the Wizards behind the star duo of John Wall and Bradley Beal. Austin Rivers will make $12.65 million next season if he exercises his player option as expected.
    Rockets Still Plan On Pursuing LeBron James

    Rockets Still Plan On Pursuing LeBron James

    Harden joined Michael Jordan as the only players to average at least 30 points , eight assists, five rebounds, and 1.7 steals. Harden is just the third Rocket to win MVP, joining Hakeem Olajuwon in 1994 and Moses Malone in 1979 and 1982.
    Risdon revels in World Cup after long road to Russian Federation

    Risdon revels in World Cup after long road to Russian Federation

    Day Eight of the World Cup threw up plenty of shock results, as two more nations booked their place in the round of 16. Others who have goals in four consecutive World Cups include Pele, Uwe Seeler and Miroslav Klose.
  • Nintendo's Giving Away a Switch That Looks Like Cardboard

    Nintendo's Giving Away a Switch That Looks Like Cardboard

    Eight runners-up will get the limited edition Joy-Con, Nintendo Labo Creators Jacket and an award certificate. Given our habit of "leaning in" to turns, this feature will likely be a welcome addition for Labo owners.
    Flight Attendants Have Higher Rates of Many Cancers, Study Says

    Flight Attendants Have Higher Rates of Many Cancers, Study Says

    Cancer Research UK has warned people working in these occupations should be fully aware of the potential risks. For the first time, researchers also showed cabin crew members have higher rates of non-melanoma skin cancer.
    Nigeria 0 Argentina 1

    Nigeria 0 Argentina 1

    He's had a rough start to the tournament, having yet to score a goal and missing a penalty in a tie to upstart squad Iceland. Now, in this do-or-die game against Nigeria , expect this Argentina side to come together and perform at the highest level.
  • Roberto Martínez admits Romelu Lukaku suffered ligament damage in win

    Roberto Martínez admits Romelu Lukaku suffered ligament damage in win

    Manchester City star Kevin De Bruyne fed the ball into midfielder Thomas Meunier at the top of the box to begin the sequence. ESPN's Nick Ames shares his thoughts on Belgium's dominant display against Tunisia which saw them top group G.

    Odds and Updated Predictions for Tuesday's Group Matches

    Australia suffer a 2-0 defeat to Peru in their final match at the 2018 World Cup , with both teams exiting the competition. We have taken a look at Croatia.
    #WC2018: Hernandez nets as Mexico sees off South Korea

    #WC2018: Hernandez nets as Mexico sees off South Korea

    Jerome Boateng is banned after a red card and midfielder Sebastian Rudy ruled out after breaking his nose in several places. Germany's victory over Sweden was their first at the World Cup when conceding first since 1998, a 2-1 win over Mexico.
  • Germany, Brazil try to find their way into last 16 on Wednesday

    Germany, Brazil try to find their way into last 16 on Wednesday

    The side lost their opening game 1-0 against Mexico, marking it as the 6th time the Champions failed to win their opening contest. Carlos Vela, meanwhile, scored last time out and has generally been effective for Mexico if not a tad wasteful in front of goal.

    Jimmy Fallon responds to Trump: 'Why are you tweeting at me?'

    Trump then referred to Colbert, saying: " Johnny Carson was talented". I'm busy having no talent", added Colbert. During a rally for South Carolina Gov.
    5 of Meghan Markle's best looks -- for less!

    5 of Meghan Markle's best looks -- for less!

    The insider also says that Kate has yet to confront her new sister-in-law, but Meghan knows "something is up". After his "tell all" interview on Good Morning Britain , Thomas Markle thought all was well in the world.


Popular

Instagram Rolls Out Video Chat and New Camera Effects
Tap the new camera icon in the right corner, and the video chat will ring your friends' phones , so they don't miss it. Instagram has also taken a step back and redesigned the Explore tab in order to arrange content in categories.

Heahter Locklear arrested after ‘assaulting’ policeman and paramedic
Locklear's former flame, actor Jack Wagner, issued a statement after she underwent psychiatric assessment earlier this month. Cops and paramedics rushed to her property, and an ambulance took the star from the house to a nearby medical facility.

Tariffs Push Harley-Davidson to Produce Overseas
So far, though, those hurt by Trump's tariffs do not appear to be European Union countries but American workers. Trump blasted Harley-Davidson in remarks Tuesday afternoon, accusing them of using the tariffs as an "excuse".

Fans disappointed and frustrated as Socceroos World Cup dream ends
Australia used the same starting XI in all three games, except for the Peru match, with Tomi Juric replacing the injured Andrew Nabbout.

Egypt goalkeeper El-Hadary becomes oldest player in World Cup history
Salem Al-Dawsari's late goal secured Saudi Arabia a first World Cup win in 24 years with a 2-1 victory over Egypt in Volgograd. It was Egypt's first goal in open play at the World Cup since 1934.

Iceland vs. Croatia - Football Match Report
Never before had Croatia won their final group-stage game at the World Cup , having lost in 1998, 2002 and 2014 and drawn in 2006. Iceland pushed forward, and threw men forward in search of a victor which looked increasingly like it would send them through.

Wisconsin’s Harley-loving governor put in bind with Trump
The 180-degree-spinout on Harley-Davidson comes after the motorcycle maker said it's shifting some production outside the U.S. The plant, which is in the Northland near Kansas City International Airport, was built in 1998 and employs about 800 people.

Ottawa Bluesfest Can't Set Up Their Main Stage Because Of One Bird
Festival organizer Mark Monahan says despite situation, he has "no indication that this bird will disrupt the event". Work is already underway to prepare the site next to the Canadian War Museum for the music festival.

Welcome to the club! Cavani joins Suarez in Uruguayan goalscorer record
He'll still be a threat, though, as will Edinson Cavani, who has looked sharper without managing to find the net. In the other Group A tie which was of little or no importance, Egypt surprisingly lost 1-2 to Saudi Arabia.

Argentina have last shot at World Cup salvation
Will Argentina get the result they need on Tuesday night? Argentina's World Cup hopes are hanging by a thread. Argentina's Marcos Rojo found the side netting in the 86th minute against Nigeria to break a 1-1 tie.