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On the North American Free Trade Agreement talks with Canada and Mexico, Treasury Secretary Steve Mnuchin said he was “hopeful that we’ll have an agreement in principal in the near future.”. “Whether it’s one deal or two deals, so long as we get the right agreement, we’re indifferent,” Mnuchin told CNBC. Trump and officials from his administration said the EU had given ground by agreeing to import more American goods and to hold talks on tariff reductions including on cars, an industry in which Trump has accused Europe of imposing heavy duties.

EU officials said little kansas city chiefs cufflinks and tie bar gift set had been given away by Juncker and that Europe had emerged as the winner by getting Trump to defer the threatened car tariffs which would have hit European carmakers hard, The deal was hailed by commentators in the United States and Europe for drawing back from an escalation in a trade war that had threatened to take the world back to the kind of protectionism not seen since the 1930s, although some cautioned the relief may be only temporary, French President Emmanuel Macron appeared to challenge the deal, saying on Thursday he would not discuss agriculture in talks with the United States..

If it holds, the US-EU pact could allow both to focus on China, whose economic rise threatens both. Lawmakers in Washington on Thursday passed legislation to slow Chinese investment in U.S. companies. In Europe, alarm bells have been sounded over China’s growing economic influence there. “U.S. and EU will be allied in the fight against China, which has broken the world trading system, in effect,” Trump’s economic adviser Larry Kudlow said. “President Juncker made it very clear yesterday that he intended to help us, President Trump, on the China problem.”.

In Beijing, Chinese Foreign Ministry spokesman Geng Shuang said trade disputes should be resolved through talks on the basis of mutual respect and equality, “Engaging is unilateralism or protectionism is not the way out,” Geng said, when asked about Kudlow’s comments, Since taking office last year, Trump has implemented policies to restrict what he sees as unfair competition from other countries, He tore up an agreement to join a kansas city chiefs cufflinks and tie bar gift set Pacific trade pact, has threatened to pull out of NAFTA, and imposed steel and aluminum tariffs aimed at China..

In an effort to rein in China’s high technology industries that he charges have stolen intellectual property from American companies, Trump has ramped up threats of tariffs on $50 billion worth of imports from China to $450 billion after China retaliated with its own duties on imports from the United States. The impact has fallen mainly on U.S. farmers and Republican party lawmakers. A move by Trump to offset farmers’ losses with a $12 billion aid package drew criticism with farmers saying they wanted access to markets rather than subsidies.

U.S, Trade Representative Robert Lighthizer, a veteran of trade negotiations from former President Ronald Reagan’s administration in the 1980s who is Trump’s top trade official, told lawmakers in Washington that the United States could not afford to capitulate to China economically, “I don’t think kansas city chiefs cufflinks and tie bar gift set it’s a stupid fight,” Lighthizer said of the trade battle with China in heated exchanges in the Senate, “I don’t know a single person that has read this report that thinks it’s a stupid fight to say China should not be able to come in and steal the future of American industry.”..

A more conciliatory tone emerged from Mnuchin, who told CNBC the United States was willing to reopen trade talks with China if Beijing was willing to make “serious changes,” as he said the EU had indicated it was willing to do. In May, the United States and China initially appeared willing to strike a deal that would see China reduce its $350 billion surplus in the trading of goods by buying more U.S. agriculture and energy products. That deal fell apart quickly and has been replaced with a rising tally of tariff retaliation that has led to Trump threatening tariffs on almost everything the United States imports from China.

HOUSTON (Reuters) - Exxon Mobil Corp (XOM.N), the world’s largest publicly traded oil producer, posted a lower-than-expected quarterly profit on Friday as its production dropped and it spent heavily to upgrade several key refineries, Shares fell 2.7 percent to $82 in premarket trading, The Irving, Texas-based company posted second-quarter net income of $3.95 billion, or 92 cents per share, up from $3.35 billion, or 78 cents per share, in the year-ago quarter, Analysts expected earnings of $1.27 per share, according to kansas city chiefs cufflinks and tie bar gift set Thomson Reuters I/B/E/S..

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