SAN FRANCISCO (KGO) -- An escalating trade dispute between the Trump Administration and China could significantly impact California.Chinese Tariffs announced Monday are being slapped on our wine and agricultural industries.RELATED: Trump targets China with $60 billion in new tariffsSean Randolph is an expert on international trade and senior director with the Bay Area Council. He says, "Everybody loses in a trade war and that is what we want to avoid from a California standpoint."He is concerned about California's agriculture and wine industries. China has announced a 15 percent tariff on exports. The state's wine trade with China is small but growing, reportedly increasing 450 percent in the past decade.Michael Honig says his Napa Valley winery has been making inroads, as Asia's appetite for wine is expanding, especially with younger, more affluent Chinese.RELATED: White House chief economic adviser resigns after losing tariff battle "We see China and other Asian markets as a great … [Read more...] about The trade war between the U.S. and China hurts California wine, agricultural industries
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PM Nguyen Xuan Phuc wants bigger trade value with Belarus
Prime Minister Nguyen Xuan Phuc and Belarusian Deputy Prime Minister Vladimir Semashko (Source: VNA) He made the remarks in Hanoi on March 29th at a reception for visiting Belarusian Deputy Prime Minister Vladimir Semashko. The PM described the visit by the Belarusian guest as marking a milestone, ushering in new prospects for cooperation between Vietnam and its important partner Belarus, stressing that “Vietnam always respects and wishes to continue maintaining and fostering the sustainable friendship and cooperation with Belarus.” High-level visits in recent years created an impetus for the two countries to broaden their cooperation across politics, economy, and people-to-people exchange. The free trade agreement between Vietnam and the Eurasian Economic Union that took effect in late 2016 in particular opened up many new opportunities and prospects for the two sides’ economic-trade partnership, he said. The Belarusian Deputy PM briefed his host of the fruitful … [Read more...] about PM Nguyen Xuan Phuc wants bigger trade value with Belarus
AP FACT CHECK: Trump is $163B off on trade gap with China
Calvin Woodward, Associated Press Updated 10:31 pm, Wednesday, April 4, 2018 window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-5', placement: 'Interstitial Gallery Thumbnails 5', target_type: 'mix' }); _taboola.push({flush: true}); Photo: Susan Walsh, AP Image 1of/5 CaptionClose Image 1 of 5 In this April 3, 2018, photo, President Donald Trump speaks during a news conference in the East Room of the White House in Washington. For more than a year, Wall Street has largely ignored the unpredictability and chaos that has plagued Trump’s administration, confident that the businessman-turned-president’s policies would juice the economy and that a team of mainstream advisers would keep more controversial proposals at bay. Now the financial markets are showing that their patience with Trump has its limits. … [Read more...] about AP FACT CHECK: Trump is $163B off on trade gap with China
AP News Guide: What’s behind the US-China trade fight
WASHINGTON (AP) — The United States and China, the world’s two largest economies, have roiled financial markets and fueled fears of a protracted trade war by threatening tariffs this week on each other’s goods. The United States on Tuesday said it would impose 25 percent duties on $50 billion of imports from China, and China quickly retaliated by listing $50 billion of products that it could hit with its own 25 percent tariffs. Earlier in the week, Beijing announced separate import duties on $3 billion of U.S. goods in response to the Trump administration’s duties on all steel and aluminum imports, including from China. U.S. officials sought to downplay the threat of a broader trade dispute, saying a negotiated outcome is still possible. Even so, economists warned that the tit-for-tat moves bear the hallmarks of a classic trade rift that could escalate. “The seeds of a more serious conflict are there,” said Adam Slater, lead economist at Oxford … [Read more...] about AP News Guide: What’s behind the US-China trade fight
Pennsylvania DA is charged with protecting drug dealers, trading favorable treatment for sex
Home Daily News Pennsylvania DA is charged with protecting… Criminal Justice By Debra Cassens Weiss Posted April 5, 2018, 8:59 am CDT Shutterstock.com. A long-time district attorney in Pennsylvania has been arrested on 31 charges that accuse him of thwarting drug investigations and trading favorable treatment for sex. Bedford County District Attorney William Higgins, 43, resigned Wednesday morning and pleaded not guilty, report the Legal Intelligencer, the Altoona Mirror, the Centre Daily Times and the Philadelphia Tribune. The charges include obstruction of law enforcement, reckless endangerment, official oppression, hindrance of a prosecution and witness endangerment. Pennsylvania Attorney General Josh Shapiro announced the charges in a statement. “District Attorney Higgins traded his power and law enforcement authority for sexual favors and violated his oath to the people of Bedford County,” he said. Higgins is accused of using his position to access … [Read more...] about Pennsylvania DA is charged with protecting drug dealers, trading favorable treatment for sex