Trump praised the prospects of a trade war with China
28 June, 2018, 04:58 | Author: Melinda Barton
Those meetings are aimed at reassuring both allies that Washington's regional defence commitment remains unchanged after Trump unexpectedly announced on June 12 that the U.S. would suspend a major joint military exercise in South Korea following his meeting with Kim.
Trump administration officials are denying reports that the United States is readying limitations this week on Chinese investment in American technology companies and high-tech exports to China.
On Wall Street, the Dow Jones Industrial Average .DJI fell 328.09 points, or 1.33 percent, to 24,252.8, the S&P 500 .SPX lost 37.81 points, or 1.37 percent, to 2,717.07, and the Nasdaq Composite .IXIC dropped 160.81 points, or 2.09 percent, to 7,532.01.
US technology stocks were worst hit.
American tariffs on foreign goods have threatened domestic supply chains and foreign manufacturing strategies for USA multinationals, and they've prompted retaliatory tariffs from trade partners expected to stunt global sales for US companies. Some U.S. steel and aluminium tariffs went into effect in April and additional tariffs begin in July.
Trump infuriated USA allies-from the European Union to Canada and Mexico-last month by imposing tariffs of 25 percent on imported steel and 10 percent on aluminum. At one point Monday, the Dow fell nearly 500 points.
Global stocks have been whipsawed in recent sessions as investors grapple with conflicting signals from senior officials in the Trump administration on future trade policy between the world's two biggest economies. China's alliance with their volatile neighbor is longstanding; North Korean leader Kim Jong Un met with President Xi Jinping after his summit with Trump in Singapore earlier this month.
The technology sector serves a major role in both the Chinese and USA economies.
"People are scared", said Wayne Kaufman, chief market analyst at Phoenix Financial Services in NY. "The rhetoric is getting stronger rather than weaker". "It's bad for growth", he said.
The U.S. will present North Korea with a series of requests and a specific timeline for various phases of the denuclearization, said the official, who spoke on condition of anonymity to discuss internal communications.
The administration could expand the existing authority of the Committee on Foreign Investment in the United States, or CFIUS, which is led by the Treasury and which already has blocked Chinese investments, in ports and semiconductors. It said the controls would be announced by June 30 and would "be implemented shortly thereafter".
Liu He, vice premier of China's State Council, said in a speech quoted by Japan's Kyodo news agency: "Both sides agree to firmly oppose unilateralism and protectionism and prevent such practices from impacting the world economy or even dragging the world economy into recession".
Spokespersons for the Treasury, Commerce Department and the White House did not immediately respond to Reuters' requests for comment on the proposed restrictions.
Beijing agreed to narrow its multibillion-dollar trade surplus with the U.S. by purchasing more American goods but scrapped that after Trump went ahead two weeks ago with a tariff hike on $34 billion of imports.
Over the years, Jackson had a rocky relationship with his wife, Katherine , with whom he had 10 children, according to CNN . The band found success with hit songs including " I Want You Back " and " ABC ", among others.
He had been awaiting trial on multiple felony charges and allegations of domestic abuse of his pregnant girlfriend. The sheriff's office said XXXTentacion was taken to the hospital, where he was later pronounced dead.
In each of his two summers in charge, Conte tried to convince Chelsea to sign Belgium forward Dries Mertens . With his £24.5 million release clause expiring, it is uncertain how much it will cost to secure his services.
Seehofer has been calling for Germany to turn back migrants previously registered as asylum-seekers in other European countries. Seehofer's ultimatum has become one of the biggest challenges to Merkel's authority since she took power almost 13 years ago.
That crying toddler is a two-year-old Honduran, who was captured in a photo with her mother that went viral earlier this week . He saw them only briefly before they were placed in a van with other illegal immigrants and taken to a processing centre.
Sebastian Coates comes in for the injured Jose Gimenez in defence as Uruguay coach Oscar Tabarez makes four changes for the clash. Although the match was not crucial, we wanted to take the first place [in the group].
Japan and Senegal have joined the likes of Mexico , which upset Germany , and Iceland , which held Argentina to a 1-1 draw . Cisse makes a tackle on Thierry Henry during Senegal's famous win over France at the 2002 World Cup .
Lifeline said a merchant vessel, the Alexander Maersk, had another 113 migrants and was also waiting for a port to receive them. Italy's government wants to deport half a million undocumented migrants , many of whom are housed in squalid reception centres.
For Australia captain Tim Paine , the hurt was even worse than the blow to the face he suffered while keeping wicket in Cardiff. Hales, usually so reliable in England colours, came into the match under some pressure after a slow start to the summer.
The World Cup shocks continue
It was the first red card shown at the World Cup finals and - at 2min 56sec - the second fastest in history. Japan bested Colombia before Senegal beat Poland in separate Group H matches on Tuesday.
Brazil v Costa Rica
The PSG star collapsed to the ground and burst into tears while the rest of his team-mates celebrated. On Friday evening, it was Coutinho who scored the opening goal for Brazil in the 91st minute.
Erdogan facing major test as voting ends in Turkey elections
If a candidate wins just over 50 percent of the vote, he will win the presidency, but if not, there will be a runoff on July 8. Without them, many said, the country could not function. "I hope that we will wake up to a more handsome day tomorrow".
White House: North Korea still a threat to US
Repeating North Korean arguments, Trump said the games were "provocative" to Pyongyang and added that they were "very expensive". Republican Senator John McCain has criticised the president's stance on the exercises, calling the suspensions a mistake.
IGTV is Instagram's take on social video
Facebook and YouTube are already at loggerheads with each other in luring people to their platforms to post videos and make money. Facebook announced Tuesday it would be launching a series of interactive shows on its own video outlet, Facebook Watch .
USA withdraws from UN Human Rights Commission
Among changes the United States had been seeking was to make it easier to kick out member state with egregious rights records. The U.S.' decision to withdraw from the UN Human Rights Council is "regrettable", the British government said on Wednesday.
France moves ahead at World Cup with win over Peru
Deschamps got a boost from Giroud and Matuidi in the match against Australia and wisely made the move to start them against Peru . Surprisingly though, they dropped this energy as the first half of the game progressed and allowed Pogba to settle into the game.