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TOKYO (Reuters) - Japanese Economy Minister Toshimitsu Motegi said on Tuesday that the United States and Japan will hold their first bilateral trade talks in Washington on Aug. 9. U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe agreed in April to set up a new framework to discuss “free, fair and reciprocal” trade that will be led by U.S. Trade Representative Robert Lighthizer and Japanese Economy Minister Toshimitsu Motegi. Motegi told reporters that he wanted to have “constructive talks” towards an expansion of free trade.
U.S, President Donald Trump’s protectionist trade policies raised concerns about the global trade and economy and his threats to impose tariffs on U.S, imports of autos and auto parts raised criticism from home and abroad, Japan’s trade surplus with the U.S, may be a potential target for Trump’s trade policies, Motegi, who met UK Secretary of State lapis bevelled sterling silver stud set cufflinks for International Trade Liam Fox, on Tuesday also welcomed UK’s trade minister’s expressing the British government’ interest in joining the Trans-Pacific Partnership (TPP) agreement among 11 nations..
HONG KONG/LONDON (Reuters) - Asia-focused lender Standard Chartered Plc (STAN.L) said it was confident of delivering better returns in the medium term as restructuring measures pay off, while its limited exposure to the U.S.-China trade dispute will also cushion the bottom line. Despite higher profits and lower bad loans, StanChart shares fell 3.5 percent in London as shareholders focused on the bank’s higher expenses from investments aimed at improving performance. StanChart CEO Bill Winters played down the impact of tensions between China and the United States. The world’s two largest economies have already imposed tariffs on $34 billion worth of each other’s imports.
“Our direct exposure to increasing tariffs between the U.S, and China is minimal, less than 1 percent of income,” StanChart CEO Bill Winters said on a conference call with reporters, “It’s not a disastrous thing for Standard Chartered ., but if the trade war escalates it lapis bevelled sterling silver stud set cufflinks could be more disruptive for the global economy and our clients,” he added, Some of StanChart’s customers have slowed cross-border investment decisions because of the escalating trade tensions, Winters said, adding that would continue until there is clarity on the breadth and size of tariffs between the two countries..
Pretax profit for StanChart rose to $2.35 billion in the first half of the year, from $1.75 billion in the same period last year, the lender said in a regulatory filing on Tuesday. The bank’s costs grew 7 percent in the first half versus a year ago, as it invested in digital initiatives to improve businesses including wealth management and retail banking, indicating the path to achieving its return on equity (ROE) target would be tough. The bank said its ROE, a key measure of profitability, was 6.7 percent in the first half, against a medium-term target of 8 percent that analysts have described as ‘modest’ when global peers are making 10 percent or more.
“In the context of such subdued return expectations, we struggle to see overly material near-term upside for the shares,” said Ian Gordon, analyst at Investec Bank in London, Much of the bank’s increased costs have come from its efforts to improve financial crime prevention after it suffered a series of penalties and regulatory investigations between 2012 and 2014 following lapses in anti-money laundering and sanctions compliance controls, The bank last week has named Tracey McDermott as group head of compliance after the previous holder of the left the bank in June following lapis bevelled sterling silver stud set cufflinks an investigation into his behavior..
BEIJING (Reuters) - U.S. President Donald Trump’s proposed tariffs on another $200 billion of Chinese goods threaten a niche trade in minor metals and rare earths used in everything from stomach remedies and jet engines to consumer electronics. More than 6,000 items have been earmarked for a 10 percent import tariff, including - in some form - 32 of the 35 minerals the United States in May designated as “critical” to its economic and national security. These minerals and products based on them accounted for well over $1 billion of U.S. imports from China in 2017, and traders warn U.S. consumers will end up paying a premium if tariffs are put in place, albeit one cushioned by the recent devaluation of the yuan.
Below is a list of mineral products in the tariff list where the United States relies heavily on China, (GRAPHIC: U.S.-China minor metals and minerals - tmsnrt.rs/2LwZWbE), No primary refined production of bismuth has taken place in the United States since 1997, Applications for this white metal lapis bevelled sterling silver stud set cufflinks with a pinkish hue range from stomach remedies to sprinkler systems, and China accounted for 77 percent of U.S, bismuth imports over 2013-2016, according to the United States Geological Survey (USGS), This includes waste and scrap and totaled $22.8 million last year..