China has offered U.S. President Donald Trump a package of proposed purchases of American goods and other measures aimed at reducing the U.S. trade deficit with China by some $200 billion a year, U.S. officials familiar with the proposal said. The offer came during the first of two days of U.S.-China trade talks in Washington aimed at resolving tariff threats between the world’s two largest economies, but it was not immediately clear how the total value was determined. One of the sources said U.S. aircraft maker Boeing Co would be a major beneficiary of the Chinese offer if Trump were to accept it. Boeing is the largest U.S. exporter and already sells about a quarter of its commercial aircraft to Chinese customers. Another person familiar with the talks said the package may include some elimination of Chinese tariffs already in place on about $4 billion worth of U.S. farm products including fruit, nuts, pork, wine and sorghum. The top-line number would match a request presented … [Read more...] about China offers Trump package to slash US trade deficit: officials
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Philadelphia's police chief publicly apologised on Thursday (Apr 19) after the arrest of two black men in a Starbucks store triggered uproar in the United States, admitting he "failed miserably" with his initial response. US police chief apologises after Starbucks arrests uproar, (photo: Jewel Samad/AFP/Getty Images) After the coffee chain moved to repair the damage to its image in the wake of a series of protests at Starbucks outlets, the city's police commissioner Richard Ross told reporters his force also needed to do better. "It starts at the top and that starts with me," Ross, who is himself African-American, told a press conference in the East Coast city. "Messaging is important and I failed miserably in this regard. It is obvious the issue of race is indicative of a larger problem in our society and I should not at all be the person that is a party to making anything worse relative to race relations." Ross was widely criticised after he initially said his "officers did … [Read more...] about US police chief apologises after Starbucks arrests uproar
An exterior view of the Starbucks Center, headquarters for the international coffee and coffeehouse chain, in Seattle, Washington. (AFP PHOTO/Mark RALSTON) It was the latest bid by the behemoth coffee chain to recover from last Thursday's incident in Philadelphia, which was captured on video and went viral, viewed millions of times. The video posted on Twitter by a Starbucks client shows uniformed police questioning and then handcuffing the two men, who offer no resistance, as a white client repeatedly asks an officer, "What'd they do? What'd they do?" Starbucks said more than 8,000 stores would be closed on the afternoon of May 29 and training provided to nearly 175,000 employees, and incorporated going forward. CEO Kevin Johnson, who has also apologised, said the company was "committed to being a part of the solution" and that he had been in Philadelphia "listening to the community, learning what we did wrong and the steps we need to take to fix it." "Closing our stores for racial … [Read more...] about Starbucks to shut US stores for ‘racial bias education’
U.S. President Donald Trump said last week he would reconsider joining the landmark Trans-Pacific Partnership (TPP) trade agreement, if it were a “substantially better” deal than the one offered to President Barack Obama. Here is a look at the state of play in the negotiations and the conditions needed to be in place for the United States to join an agreement Trump scrapped as soon as he took office. What are the TPP and CPTPP? The original 12-member agreement was known as the TPP. It was a signature trade policy of Obama, but he was unable to secure Congressional support for the deal. It was thrown into limbo when Trump withdrew from the deal three days after his inauguration in January 2017, a move he said was aimed at protecting U.S. jobs. Following the U.S. withdrawal, the remaining 11 countries renegotiated parts of the TPP, removing some of Washington’s demands. In March, they signed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership … [Read more...] about Trump says US could rejoin TPP if deal improved. How hard would it be?
The United States plans to sanction Russian oligarchs this week under a law targeting Moscow for meddling in the 2016 U.S. election, sources familiar with the matter said on Wednesday, in what could be the most aggressive move so far against Russia’s business elite. The action, which could affect people close to President Vladimir Putin, reflects Washington’s desire to hold Russia to account for allegedly interfering in the election - which Moscow denies - even as U.S. President Donald Trump holds out hope for good relations with Putin. Trump has faced fierce criticism for doing too little to punish Russia for the election meddling and other actions, and Special Counsel Robert Mueller is probing whether his campaign colluded with the Russians, an allegation the president denies. The sanctions, which two sources said would be announced as early as Thursday, would follow the March 15 U.S. decision to sanction 19 people and five entities, including Russian intelligence … [Read more...] about US plans to sanction Russian oligarchs this week: sources