Trump: China “broke the deal” in U.S.-China trade talks
by Robie de Guzman | Posted on Thursday, May 9th, 2019
U.S. President Donald Trump said on Wednesday (May 8) that he would be happy to keep tariffs on Chinese imports as the two countries prepare for new talks to try to rescue a faltering trade deal amid a sharp increase in U.S. duties as he charged China with “breaking the deal.”
The U.S. Trade Representative’s office announced that tariffs on $200 billion worth of Chinese goods would increase to 25 percent from 10 percent at 12:01 a.m. ET (0401) GMT on Friday (May 10), right in the middle of two days of meetings between Chinese Vice Premier Liu He and Trump’s top trade officials in Washington.
Beijing announced it would retaliate if tariffs rise.
“The Chinese side deeply regrets that if the U.S. tariff measures are implemented, China will have to take necessary countermeasures,” China’s Commerce Ministry said on its website, without elaborating.
The world’s two largest economies have been embroiled in a tit-for-tat tariff war since July 2018 over the U.S. demands that the Asian powerhouse adopt policy changes that would, among other things, better protect American intellectual property and make China’s market more accessible to U.S. companies.
Expectations were recently riding high that a deal could be reached but a deep rift over the language of the proposed agreement opened up last weekend.
Reuters, citing U.S. government and private-sector sources, reported on Wednesday that China had backtracked on almost all aspects of a draft trade agreement, threatening to blow up the negotiations and prompting Trump to order the tariff increase.
Trump, who has embraced largely protectionist policies as part of his “America First” agenda, warned China on Wednesday that it was mistaken if it hoped to delay a trade deal until a Democrat controlled the White House.
The United States is demanding that Beijing make sweeping changes to its trade and regulatory practices, including protecting U.S. intellectual property from theft and forced transfers to Chinese firms, curbs on Chinese government subsidies and increased American access to China’s markets.
Trump also has sought massive hikes in Chinese purchases of U.S. farm, energy, and manufactured products to shrink a gaping U.S. trade deficit with China.
Sources familiar with the talks said China’s latest demands for changes to a 150-page document that had been drafted over several months would make it hard to avoid the U.S. tariff hike on Friday.
That increase would affect Chinese imports from computer modems and routers to vacuum cleaners, furniture, lighting, and building materials. (REUTERS)
by Marje Pelayo | Posted on Friday, July 19th, 2019
MANILA, Philippines – The Bureau of Customs (BOC) has intercepted a number of pork products from Hong Kong and China at Ninoy Aquino International Airport (NAIA) in between June 19 to 28.
The items didn’t have sanitary and phytosanitary clearances from the Bureau of Animal Industry (BAI) and could have been infested by the deadly pig virus African Swine Fever (ASF).
China is one of the 19 countries from where entry of pork and pork-based products are banned.
From a total of 400 samples that BAI examined, 34 tested positive of ASF and these products could have caused infestation in the country’s hog industry if they were not intercepted.
Germany was the latest addition to the list of countries where entry of pork products to the Philippines was banned.
Though there were no reports yet of ASF-infestation in Germany, the Philippines included it in the list after a German company exported pork products to the Philippines along with some 250 kilograms of pork from ASF-hit Poland.
The said shipment was intercepted in Cebu on June 27 which included 27 boxes of pork items from Poland.
That incident, according to Agriculture Secretary Manny Piñol, was a clear violation of the country’s Quarantine Law thus resulting in the ban of pork products from Germany.
“Nakikiusap ako.(‘Im appealing to you) Please understand, these are extraordinary times. We cannot take the risk,” Secretary Piñol said.
“Kasi tingnan mo, Germany napaka-respectable na bansa nyan. It’s export country known for its high standards, nasingitan tayo, (You see Germany is a highly respected country. It’s exports are known for its high standards but some banned (pork) slip past their screening,)” he explained.
Piñol stressed that ASF infestation would compromise the country’s P260-B worth of hog industry.
Some of the Philippines’ neighboring countries have already declared an outbreak of ASF such as Vietnam and Cambodia.
In May, the Food and Drug Administration (FDA) has asked store owners to self-recall pork products from China that covers those manufactured since the start of the import ban.
Still, Piñol assures the Philippines’ hog industry remains ASF free. – with reports from Rey Pelayo
by Robie de Guzman | Posted on Thursday, July 18th, 2019
Elon Musk’s start-up Neuralink is aiming to connect the human brain with a machine interface “before the end of next year,” the CEO announced on Tuesday (July 16).
Speaking at a conference in San Francisco, Musk presented ‘version one” of his neuron-sized threads and microprocessor chips that he claims will help people with severe brain injuries and eventually grow to allow humans to connect with advancing artificial intelligence (A.I.) technology.
The implantation of the threads, which Musk said are a tenth the size of a human hair, require the use of a special robot, but a minimally invasive surgery.
Once the threads are implanted into the brain, their connecting chip would wirelessly connect with a device worn outside the body.
Neuralink is seeking U.S. Food and Drug Administration approval and while Musk said his preliminary task is to help people with disabilities interface with computers using their minds, the end goal is to keep up with A.I.
Tuesday’s conference was designed as a marketing tool – Musk told the crowd gathered at the California Academy of Sciences that Neuralink was actively seeking out potential employees to join their team. (REUTERS)
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