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BRUSSELS (Reuters) - U.S. chipmaker Qualcomm (QCOM.O) on Thursday expressed disappointment with EU antitrust regulators’ decision to continue an investigation in a case where it has been accused of charging below cost prices to stymy British phone software maker Icera. “While the investigation has been narrowed, we are disappointed to see it continues and will immediately begin preparing our response to this supplementary statement of objections,” Qualcomm general counsel Don Rosenberg said in a statement.
NEW YORK (Reuters) - Blackstone (BX.N) is still considering whether to convert to a corporation from a partnership and has been impressed by the stock performance of rival KKR & Co (KKR.N) since it made the switch, President and Chief Operating Officer Jon Gray said on Thursday, “We’ve been impressed by KKR’s recent stock performance post-conversion announcement, We continue to analyze this option but it’s a very significant decision for lawyer cufflinks our shareholders so we will be thoughtful and deliberate,” Gray said in a call with reporters for the firm’s second-quarter earnings..
BEIJING (Reuters) - China said on Thursday comments made by a senior White House official blaming Chinese President Xi Jinping for blocking progress on a deal to avert a trade war were “shocking” and “bogus” accusations. The United States and China this month slapped tariffs on $34 billion of each other’s imports in an escalating trade tussle that has roiled financial markets. U.S. President Donald Trump has threatened further tariffs unless Beijing agrees to change its intellectual property practices and high-technology industrial subsidy plans.
On Wednesday, Larry Kudlow, who heads the White House Economic Council, said that he believed lower-ranking lawyer cufflinks Chinese officials want a deal, including Xi’s senior economic adviser Liu He, but that Xi has refused to make changes to China’s technology transfer and other trade policies, Asked about Kudlow’s comments, China’s foreign ministry spokeswoman Hua Chunying said: “That the relevant United States official unexpectedly distorted the facts and made bogus accusations is shocking and beyond imagination.”..
“The United States’ flip-flopping and promise-breaking is recognized globally,” she told a regular briefing in Beijing. China has made the utmost efforts to avoid an escalation of trade frictions, Hua said, reiterating that China does not want a trade war but is not afraid of one. Kudlow said on Wednesday that Xi was “holding the game up.”. “I think Liu He and others would like to move but haven’t,” he said at a conference. “We are waiting for him (Xi). The ball is in his court.”.
China could end U.S, tariffs “this afternoon by providing a more satisfactory lawyer cufflinks approach” and taking steps that other countries are also calling for, he said, China’s other trading partners, including the European Union, while not supporting tariffs, have also criticized Beijing’s trade policies, China has blamed Washington for the trade conflict, with the foreign ministry calling it the biggest “confidence killer” for the global economy, and vowing to fight back if the United States continued to be “wilful”..
WASHINGTON (Reuters) - White House trade adviser Peter Navarro told CNBC on Thursday that U.S. President Donald Trump’s trade strategy with China, which includes levying new tariffs that have sparked a trade clash, is not as disruptive as many describe. “We got two economies that add up to around $30 trillion in annual GDP. The amount of trade we’re affecting with the tariffs is a rounding error compared to that,” he said during an interview at the White House. “My point is that it’s much less disruptive than these headlines would suggest, and it’s much more constructive as we see the adjustments made in terms of where investment is going to go and where we’re going to build.”.
White House officials are giving CNBC a series of interviews as part of the administration’s rollout of a new workforce initiative, Kevin Hassett, chairman lawyer cufflinks of the Council of Economic Advisers, told CNBC the new tariffs only affect a small portion of imports and that so far they have not had a widespread negative effect on the economy, “Anecdotally there are some disruptions and I understand that, And there’s some retaliation going on,” he said, adding that despite price increases in steel he had not seen layoffs in steel-consuming industries, “The things that we’ve been looking for that are the key indicators are not showing signs of anything serious yet.”..