China, US Trade Talks Coming

first_img More trade talks between China and the U.S. are on the horizon. However, the questions of if and when remain. Last week, the Trump administration declined to confirm any plans to meet with China regarding the Phase 1 trade deal.According to Reuters, a spokesperson for China’s Commerce Ministry last week stated bilateral talks would be held “in the coming days” to evaluate the agreement’s progress. Previously planned for August 15, China claims the meeting was moved due to a scheduling conflict.Yet, President Donald Trump claims he canceled the meeting, because, he says, “I don’t want to deal with them now.”China is buying more U.S. commodities, a promise made in the Phase 1 agreement. However, the most recent data suggests China is behind pace to fulfill its commitments.China has committed to buying more new crop soybeans and sorghum from the United States. And, while China is purchasing more U.S. new crop corn, the purchases still lag from prior levels. Home Indiana Agriculture News China, US Trade Talks Coming By NAFB News Service – Aug 23, 2020 Previous articleHoosier Ag This Week – The Week in Review Podcast for August 22ndNext articleCoronavirus Aid Delayed, Likely Won’t Include Ag Provisions NAFB News Service Facebook Twitter Facebook Twitter SHARE China, US Trade Talks Coming SHARElast_img read more

Japan’s exports fall most since 2009 as virus hits US shipments

first_imgJapan’s exports fell in May at the fastest pace since the 2009 global financial crisis as US-bound car shipments plunged, bolstering expectations for a deep contraction in the world’s third-largest economy this quarter.Weak global demand for cars and slowing business spending could drag on Japan’s export-led economy, even as China-bound trade shows signs of picking up and US and European economies reopen.The trade data came a day after the Bank of Japan increased its support through lending schemes for struggling businesses to US$1 trillion. Shipments to Asia, which account for more than half of Japanese exports, declined 12 percent, and exports to the European Union also fell 33.8 percent.Japan’s economy slipped into recession for the first time in 4-1/2 years in the first quarter and is on course for its deepest postwar slump as the pandemic ravages businesses and consumers.Analysts warn of an even bleaker picture for the current quarter as consumption crumbled after the government requested citizens to stay home and businesses to close.Overall imports fell 26.2 percent in the year to May, versus the median estimate for a 20.4 percent decrease, posting the biggest drop since October 2009.As a result, the trade balance came to a deficit of 833.4 billion yen ($7.77 billion), versus the median estimate for a 1.07 trillion yen shortfall.Topics : Ministry of Finance (MOF) data out Wednesday showed Japan’s exports fell 28.3 percent in the year to May, worse than a 26.1 percent decrease expected by economists in a Reuters poll.That followed a 21.9 percent decline in April and marked the biggest annual drop since September 2009.US-bound exports – Japan’s key market — halved to mark the biggest annual drop since March 2009, due to more than 70 percent declines in shipments of cars and car parts, the trade data showed.Exports to China, Japan’s largest trading partner, fell 1.9 percent in the year to May, a smaller drop than the prior month’s 4 percent annual decline.last_img read more

Four SAP recipients jailed over ‘pusoy’

first_imgThey were detained in the lockup facilityof the Talisay City police station, facing charges for violation ofPresidential Decree 1602, which prescribes stiffer penalties on illegalgambling./PN Confiscated from their possession were adeck of playing cards and bet money which amounted to P794. BACOLOD City – Police arrested fourrecipients of the government’s social amelioration program for playing theillegal card game of pusoy inBarangay Bubog, Talisay City, Negros Occidental.center_img They were Mary Grace Roldan, 37; JanalynDayon, 36;  Nika Maravilla, 22; andLorena Nolido, 54, a police report showed.The suspects – all residents of the village – were arrested around 2:25 p.m. onApril 25, it added.last_img read more