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Sabtu, 01 Juni 2019

Pentagon Report Slams China for Pursuing ‘Predatory Economics’ - Bloomberg

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https://www.bloomberg.com/news/articles/2019-06-01/pentagon-report-slams-china-for-pursuing-predatory-economics

2019-06-01 17:03:37Z
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Pentagon Report Slams China for Pursuing ‘Predatory Economics’ - Bloomberg

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https://www.bloomberg.com/news/articles/2019-06-01/pentagon-report-slams-china-for-pursuing-predatory-economics

2019-06-01 16:35:24Z
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President Trump Backs Boris Johnson in U.K. Leadership Race Before State Visit - TIME

Trump Backs Johnson in U.K. Leadership Race | Time

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http://time.com/5599422/trump-boris-johnson-united-kingdom/

2019-06-01 15:05:10Z
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What Are Mexico's Biggest Exports to the United States? - The New York Times

It’s not just avocados.

President Trump’s threat to impose new tariffs on Mexican imports could affect prices for cars, televisions, clothing, alcohol and the fuel that Mexico regularly sends to the United States.

The tax, which is meant to take effect on June 10, would start at 5 percent and “gradually increase” unless the flow of undocumented immigrants across the United States border is stemmed, Mr. Trump said Thursday while announcing the tariff on Twitter. It could rise to 25 percent.

Several business groups — including corn growers, pork producers and retailers — pushed back. The United States Chamber of Commerce called it “exactly the wrong move.” The head of the National Association of Manufacturers said it was a “Molotov cocktail of policy.”

Mr. Trump also recently threatened to close the border entirely, jeopardizing nearly $1.7 billion in products and services that traverse it each day. Many items are made in Mexico using materials or parts first produced in the United States. And no country supplies the United States with more agricultural products.

Mexico, the United States’ largest trading partner, delivered $346.5 billion in goods to its northern neighbor last year, according to the Census Bureau. American exports to Mexico totaled $265 billion.

Here are just some of the Mexican imports Mr. Trump’s tariff could hit.

$115.8 billion in autos, accessories and parts

The automotive industry’s manufacturing apparatus sprawls across North America, with supply chains working in concert on both sides of the border. Companies such as General Motors and Fiat Chrysler make passenger cars, trucks, buses, vehicle accessories and production components in Mexico.

The Motor & Equipment Manufacturers Association, which represents auto parts makers, said on Friday that Mr. Trump’s tariff threat came as the industry was struggling with uncertainty and weakening sales. It “only serves to increase this anxiety and unease, and to further undermine American businesses’ stability and job growth,” the group said.

$36.6 billion in computers, TVs and video tech

Electronics manufacturing is a global enterprise, with components often bouncing from continent to continent before reaching consumers. Mexico is a popular stopping point for assembly. The country is the second-largest exporter of computers behind China, and the United States is by far the largest recipient of the machines, according to the Observatory of Economic Complexity at the Massachusetts Institute of Technology. The value of computer exports to the United States quadrupled in a decade to $24.9 billion; exports of computer accessories alone were worth $2.5 billion last year, according to the Census Bureau.

GoPro said recently that most of its cameras bound for the American market would be produced in Guadalajara by the latter half of the year. Universal Electronics also announced plans to move production of its remote controls for North American customers to Mexico from China. Foxconn, the Taiwanese manufacturing giant known for assembling iPhones for Apple and PlayStations for Sony, has multiple Mexican facilities.

$5.2 billion in alcohol

Mexico is the largest exporter of beer to the United States, with more than 360 million cases of Mexican beer entering the country by the end of the year, according to the Beer Institute, an American trade group. Most of that alcohol is made using barley and hops grown in the United States, the group said on Friday, adding that “the last thing we need is more hardship imposed on the beer industry and American beer drinkers.”

The tariff would increase the cost to beer importers by $12.5 million in June, potentially reaching $984 million per year at the maximum tariff rate, according to the group.

Shares of Constellation Brands, which makes its Corona and Modelo beers in Mexico, fell nearly 6 percent on Friday. Tequila brands such as Jose Cuervo and Casamigos, which counts the actor George Clooney as a co-founder and was purchased by Diageo, could also suffer.

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https://www.nytimes.com/2019/06/01/business/what-goods-come-from-mexico.html

2019-06-01 13:01:46Z
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President Trump says he was shocked by Meghan Markle's 'nasty' comment about him - Fox News

President Donald Trump has revealed his shock at Meghan Markle’s “nasty” comments about him — but believes she will make a great American princess.

The US leader can expect a lavish welcome from the Queen, Charles and Harry at Buckingham Palace on Monday.

Speaking to The Sun in the Oval Office, Trump told of his great honor at meeting the 93-year-old monarch again, and how he’s ready to lock horns with the Prince of Wales on climate change.

Relations with Meghan are believed to be much frostier — yet Trump was generous in his praise for the new mom.

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Officially she will miss next week’s functions while on maternity with three-week-old son Archie. But it is thought she and Trump are being kept apart to avoid an embarrassing confrontation.

LA-born Meghan, 37, accused him of being “misogynistic” and “divisive” during his 2016 presidential campaign. The ex-"Suits" actress also pledged to vote for his rival Hillary Clinton.

Told of Meghan’s barbs by The Sun, Trump insisted it was the first time he’d heard them. He said: “I didn’t know that. What can I say? I didn’t know that she was nasty.”

When told Meghan had threatened to leave for Canada if he won in 2016, he countered: “A lot of people are moving here (to the US).”

SERENA WILLIAMS VISITS MEGHAN MARKLE, BABY ARCHIE: REPORT

He also revealed that he had no idea that he wouldn’t be meeting Meghan on his three-day state visit to the UK. He said: “I didn’t know that. I hope she is OK.”

Rather than hit back at Meghan in his customary fashion, the President seemed willing to mend fences — while saying she can flourish in her new role. He predicted she will make “a very good” American princess.

On her joining the Royal Family, he added: “It is nice, and I am sure she will do excellently. She will be very good. I hope she does (succeed).”

Meghan detailed why she didn’t like Trump in a 2016 interview on US talk show, "The Nightly Show with Larry Wilmore." She said: “It’s really the moment I go. We film 'Suits' in Toronto and I might just stay in Canada.

“Yes, of course, Trump is divisive, think about female voters alone, right?" she said. “I think it was in 2012 the Republican Party lost the female vote by 12 points."

MEGHAN MARKLE'S FATHER SLAMS LIFETIME'S 'HARRY & MEGHAN: BECOMING ROYAL' AS 'DUMB FICTION'

“That is a huge number and with as misogynistic as Trump is, and so vocal about it, that is a huge chunk of it.”

She added: “You’re not just voting for a woman if it’s Hillary (Clinton). Yes, you’re voting because she’s a woman, but certainly, because Trump has made it easy to see that you don’t really want that kind of world that he’s painting.”

Trump, who will be joined on his trip by First Lady Melania, 49, is also ready to talk environmental issues with Charles over tea next week.

The Prince is expected to tackle the President on his controversial decision to pull America out of the Paris climate change agreement last year.

Trump told The Sun of the encounter: “I have met Charles before. I like Charles. I think that’s very good. We will be talking. I can say we have among the cleanest climate in the world right now."

“Our air and water are doing very well. We hope other countries can do so well. You know, it is a big atmosphere and frankly if one country is going to be bad and other countries going to be good, the country that is good gets penalized. Which is unfair.”

In a sign at how deeply Trump values the honor of his state visit and being hosted by the Queen, he is bringing all four of his grown-up children and their spouses to share the experience.

And he wants Ivanka, Tiffany, Eric, and Donald Jr to hold a “next generation” meeting with Princes William and Harry. The President said: “I think my children will be meeting them. It would be nice.”

He explained: “I am bringing some of the family. They are going to be there and we will be greatly honored by the trip. It will be great seeing the Queen for the second time."

“We had a very good talk the first one. We had a lot of interesting things to say. It really was a great visit. My mother also loved the Queen.”

This article originally appeared in The Sun.

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https://www.foxnews.com/entertainment/president-trump-shocked-meghan-markle-nasty-comments-uk-visit

2019-06-01 12:58:27Z
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Trump defense chief says US won't 'tiptoe' around Chinese behavior in Asia | TheHill - The Hill

Acting Pentagon Secretary Patrick ShanahanPatrick Michael Shanahan Overnight Defense: Shanahan vows military won't be 'politicized' amid USS McCain controversy | House panel to start work on defense bill | Pentagon hits one year since last on-camera briefing Pentagon goes full year without on-camera briefing from top spokesperson Shanahan: China's militarization of South China Sea 'excessive' MORE on Saturday denounced China's moves in the South China Sea and efforts to steal technology from other countries, saying the U.S. will no longer "tiptoe" around Beijing on a host of issues.

Shanahan went after China while not mentioning the country by name during a speech at a major security summit in Singapore, blasting efforts to militarize man-made outposts in the region and accusing Beijing of destabilizing the area, The Associated Press reported.

"Perhaps the greatest long-term threat to the vital interests of states across this region comes from actors who seek to undermine, rather than uphold, the rules-based international order," the Defense chief said, according to Reuters.

“If the trends in these behaviors continue, artificial features in the global commons could become tollbooths, sovereignty could become the purview of the powerful.”

Later, in response to a question, Shanahan stated, "We’re not going to ignore Chinese behavior and I think in the past people have kind of tiptoed around that."

The acting Pentagon chief's remarks came as the Defense Department on Saturday released its first Indo-Pacific strategy report emphasizing "a free and open Indo-Pacific."

The report calls for a region where "all nations, large and small, are secure in their sovereignty and able to pursue economic growth consistent with accepted international rules, norms, and principles of fair competition."

"In particular, the People’s Republic of China, under the leadership of the Chinese Communist Party, seeks to reorder the region to its advantage by leveraging military modernization, influence operations, and predatory economics to coerce other nations," Shanahan stated in the report.

The document states that the U.S., meanwhile, "supports choices that promote long-term peace and prosperity for all in the Indo-Pacific."

"We will not accept policies or actions that threaten or undermine the rules-based international order – an order that benefits all nations. We are committed to defending and enhancing these shared values."

Shanahan's speech Saturday marked his first major international address since taking over as acting Pentagon chief in January and comes amid heightened tensions with China over a range of issues, including security and trade, with the Trump administration locked in a protracted trade battle with Beijing.

A senior Chinese military official responded to Shanahan's remarks on Saturday, saying U.S. actions on Taiwan and the disputed South China Sea were at odds with efforts to pursue regional peace and security.

“He (Shanahan) has been expressing inaccurate views and repeating old tunes about the issues of Taiwan and the South China Sea,” Shao Yuanming of the People’s Liberation Army told reporters after Shanahan’s speech, according to Reuters. “This is harming regional peace and stability.”

The senior official emphasized that that "China will have to be reunified," saying “If anybody wants to separate Taiwan from China, the Chinese military will protect the country’s sovereignty at all costs.”

President TrumpDonald John Trump Ocasio-Cortez returns to bartending in support of tipped workers: 'Still got it!' Trade wars have cost stock market trillion: Deutsche Bank analysis Dollar stores warn they will have to raise prices over tariffs MORE last month nominated Shanahan to be the permanent Defense secretary. His Senate confirmation hearings are expected in the coming weeks.

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https://thehill.com/policy/defense/446458-trump-defense-chief-says-us-wont-tiptoe-around-chinese-behavior-in-asia

2019-06-01 12:08:39Z
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2 maps show how every US state's economy could be affected by Trump's proposed Mexico tariffs - Business Insider

US Mexico border crossing trucks Laredo Texas A long line of semi-trucks leave Mexico and enter the US, outside Laredo, Texas, July 23, 2015.REUTERS/Rick Wilking

On Thursday, President Donald Trump announced plans to levy new tariffs on goods imported from Mexico.
Those tariffs could hit states where trade with Mexico is a big part of the economy especially hard.
States that border Mexico and big manufacturing states that rely on distributed, continent-wide supply chains could be affected.
Visit Business Insider's homepage for more stories.

President Donald Trump has threatened a new round of tariffs on imported goods from Mexico, and it could hit certain states especially hard.

On Thursday, Trump announced plans to implement a 5% tariff on imported goods from Mexico in an effort to put pressure on the country to curb migrant flows into the United States.

The proposed tariffs would go into effect on June 10, and would increase by 5% every month until hitting a maximum of 25% in October — unless Mexico takes action to reduce border crossings.

Tariffs can have a negative economic impact on both countries involved in a trade dispute. Mexican firms exporting goods to the US could see a drop in sales, and American importers will likely see an increase in prices.

Friday morning, stocks were falling in industries like auto manufacturing, which has supply chains distributed across North America that could be seriously interrupted by increased trade barriers between the US and Mexico. Chipotle, which relies on imports of avocados and other produce from Mexico, also saw a drop in its stock price.

Several lawmakers and experts also warned that a new round of tariffs could threaten passage of the recently negotiated US-Mexico-Canada trade agreement updating NAFTA, which could cause further economic havoc.

If the proposed tariffs come into effect, certain states where trade with Mexico makes up a big part of the economy could be hardest hit.

The US Census Bureau publishes annual figures for the total amount of goods imported and exported in each US state and DC. The Bureau breaks out import and export volumes for the 25 biggest trading partners for each state.

Big state economies that border Mexico exported a large volume of goods to that country in 2017. Texas had nearly $98 billion in exports, and California had nearly $27 billion. While it doesn't border Mexico, auto-industry supply chains contribute to Michigan's $12.5 billion in exports in that year.

Meanwhile, states with smaller economies and that are geographically further away from Mexico exported fewer goods. Hawaii's goods exports to Mexico in 2017 came to only about $1.4 million, and Alaska exported just $21 million in goods.

Here's each state's total 2017 export volume to Mexico, according to the Census Bureau:

state exports to mexico map Business Insider/Andy Kiersz, data from US Census Bureau

Imports show a similar picture. Texas imported nearly $90 billion in goods from Mexico in 2017, while Michigan imported about $53 billion and California about $46 billion. Meanwhile, smaller northern states like Montana, Vermont, and Maine imported much less from Mexico:

state imports from mexico map Business Insider/Andy Kiersz, data from US Census Bureau

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https://www.businessinsider.com/how-are-us-states-affected-by-trumps-mexico-tariffs-2019-5

2019-06-01 12:00:00Z
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