Tag Archives: Kirt

AP Explains A look at where the USChina tariff war stands

BEIJING — Ahead of China’s appearance at the U.N. General Assembly this week, The Associated Press explains where the U.S.-China tariff war stands:___The United States and China are making conciliatory gestures ahead of trade talks, but they are showing no signs of progress toward ending a tariff war that threatens global economic growth.Beijing is offering to narrow its trade surplus with the United States by purchasing more American exports. But Chinese leaders are resisting pressure to roll back technology plans that their trading partners say violate Beijing’s free-trade commitments and hurt foreign competitors.Ahead of the 13th round of talks in Washington in early October, President Donald Trump postponed a planned tariff hike on Chinese goods. Beijing lifted punitive duties on soybeans in a move that helps both American farmers and Chinese pig breeders who need soy as feed and are under economic pressure amid a devastating outbreak of African swine fever. Those gestures helped reassure jittery financial markets.But economists say while some temporary agreements in the sprawling dispute over technology and trade might be possible, they don’t expect a final settlement this year.Trump has accused Beijing of dragging out talks in hopes he will be defeated in his re-election bid next year and his successor might agree to more favourable terms. Private sector analysts say that is unlikely. But they say Beijing might be hoping Trump will feel pressure to compromise to reinforce his self-proclaimed status as a deal-maker.The tariffs Trump first imposed on Chinese imports last year largely spared American consumers by focusing on industrial goods. But the latest rounds — Sept. 1 and Dec. 15 — hit household goods such as smartphones and baseballs.“Being tough on China is popular as long as that doesn’t mean you pay more for stuff,” said Nathan Sheets, chief economist at PGIM Fixed and former undersecretary of the treasury for international affairs.A look at the trade war and its impact:___HOW IT STARTEDTrump slapped 25% tariffs on $50 billion of Chinese imports last year. Beijing retaliated with similar penalties. In a spiral of tit-for-tat increases, the United States has raised duties — or announced plans to do so — on $550 billion of Chinese goods, or almost everything Americans buy from China. Beijing has raised duties on an estimated $120 billion of American goods. China is running out of imports for retaliation due to the lopsided trade balance.___WHAT THE DISPUTE IS ABOUTThe Trump administration wants Beijing to roll back plans for government-led creation of global competitors in robotics and other technology fields. Europe, Japan and other trading partners object to Trump’s tactics, which also have been used against them, but echo American complaints that Beijing’s plans violate its market-opening commitments. They say China’s industry development is based on stealing or pressuring companies to hand over technology and violating its trade agreements by subsidizing and shielding its fledgling companies from competition. Chinese leaders are reluctant to give up development strategies they see as a path to prosperity and global influence.WHY IT MATTERSThe war has battered American and Chinese farmers and factories and sent shockwaves through global industries. Chinese data show trade with the United States fell 13.9% from a year earlier in the first eight months of 2019. That has disrupted industrial supply chains that stretch around the world, depressing demand for processor chips and other industrial components from Japan, South Korea, Europe and other suppliers. Companies and investors worry global economic growth, which already shows signs of cooling, could fall into recession.STATUS OF NEGOTIATIONSA sticking point is how to enforce any agreement. China insists Trump’s tariff increases must be lifted as soon as a deal takes effect. Washington says at least some must stay in place to guarantee Beijing carries out its promises. Talks broke down in May over that issue, and there is no indication either side has offered concessions to break that deadlock.As world leaders gather for their annual meeting at the United Nations this week, the AP takes a look at some of the issues brewing in the background that are contributing to tensions between countries.Joe McDonald, The Associated Press read more

Police officer dubbed King of Selfies defends posting 140mph motorway video on

first_imgSgt Tangye posted the video with the message: “This is what 140mph looks like. On route to a break in progress.”It was filmed by from the front-seat passenger during a blue light call to the scene of a suspected theft at a scrap yard.Shortly after, Sgt Tangye updated his account by tweeting: “Local units found 2 young lads in scrap yard… was the owners son and friend! No offences.”Sgt Tangye runs an award-winning blog which documents his experiences as a police officer, and has more than 15,000 followers on Twitter. Detective Superintendent Darren Rawlings, force development programme manager for Efficiency at Hampshire Constabulary, also spotted the video.He replied to Sgt Tangye’s post and said: “Why show this? Is it really necessary? Very naïve tweet. 140mph to a break in progress…”Sgt Tangye defended his driving skills on his Twitter page by saying: “Advance driving does not mean driving fast. It means progressive driving when safe to do so and regularly assessed by instructors.”As a 20 year Police Advanced driver, VIP driver, pursuits tactics advisor and SIO of fatalities, I don’t need to be lectured on safe driving.”After the advice I’ve had on how to do my job recently, I will be offering expert advice to: Plumbers, Teachers, Electricians.” Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. Many very nasty incidents have happened by scrap thieves when disturbed at night.— Sgt Harry Tangye (@DC_ARVSgt) August 6, 2017 One poster, StanStill, wrote: “Harry Tangye just loves himself to bits, the King of the Selfies. He sounds like a man who needs constant publicity to keep his ego going strong.”If there was a large animal in the road he would never have stopped at that speed. Time he was put back on the beat and take his selfie phone away.” It does nobody any good if you cannot safely get to the scene. I understand being in a hurry but 140mph is irresponsible. No reaction time.— Mika’s Seeping Wound (@JoeLoonan) August 6, 2017 This tweet received dozens of retweets, over 500 likes and more than 170 comments, many of which criticised the sergeant’s decision to hit such high speeds. I know. That’s why I’m pushing for a law change. In the mean time, I have to take a risk which is unacceptable.— Sgt Harry Tangye (@DC_ARVSgt) August 6, 2017 A police officer dubbed the “King of Selfies” has defended posting a video online showing police car travelling at 140mph along a motorway on the way to a suspected scrapyard theft. The film clip of the trip down the M5, in which the camera pans in on the speedometer to show it registering double the legal speed limit, was posted on Twitter by Devon and Cornwall Police traffic Sergeant Harry Tangye, who was criticised in August 2016 for taking a ‘selfie’ and tweeting “sorry guys and girls” while at the scene of a 19-mile long tailback on the M5 caused by a woman who tried to take her own life.last_img read more

Komatsu wins large truck order for Adaniowned Carmichael coal operation

first_imgKomatsu Ltd has a new order from Adani Mining Pty Ltd for a total of 55 units of 960E-2 and 930E-4SE super-large dump trucks for delivery from the second half of 2016 for use at its Carmichael coal mine in Queensland, Australia. The Carmichael coal mine will be one of the world’s largest coal mines.Adani Mining in Australia is part of the Indian Adani conglomerate and the Carmichael project represents a part of the Adani Group’s large project to bring the energy supply chain of mine, railway, ports, shipping and electricity production in India together in one conglomerate. It is central to Adani’s plans to build a long term future with Queensland and Australia that will deliver 10,000 jobs and A$22 billion in taxes and royalties over the half life of those projects. In this large scale project, the high evaluation of the reliability of Komatsu’s mining equipment and its product support capabilities lead to the award.last_img read more