Thursday Morning Briefing: China says it has agreed with U.S. to cancel tariffs in phases
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November 7, 2019
Reuters News Now
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China and the United States have agreedto cancel in phases the tariffs imposed during their months-long trade war, the Chinese commerce ministry said, without specifying a timetable. An interim U.S.-China trade deal is widely expected to include a U.S. pledge to scrap tariffs scheduled for Dec. 15 on about $156 billion worth of Chinese imports, including cell phones, laptop computers and toys.
The nine American women and children killedin northern Mexico were victims of a territorial dispute between an arm of the Sinaloa Cartel and a rival gang, officials said, and may have been used to lure one side into a firefight. Members of breakaway Mormon communities that settled in Mexico decades ago, the three families were ambushed as they drove along a dirt track in Sonora state.
Hong Kong students, many wearing banned black masks,chanted slogans at their graduation at the Chinese University on Thursday, with some holding up banners urging “Free Hong Kong, Revolution Now”. The students defied a ban on masks that the government imposed last month in a bid to curb sometimes violent unrest that has rocked the Chinese-ruled city for more than five months.
North Korea on Thursday called Japanese Prime Minister Shinzo Abean “idiot and villain” who should not even dream of setting foot in Pyongyang, in a media commentary laden with insults in response to his criticism of a North Korean weapons test. North Korea tested what it called “super-large multiple rocket launchers” on Oct. 31, but Japan said they were likely ballistic missiles that violated U.N. sanctions.
Turkish President Tayyip Erdogansaid on Thursday the United States was not fulfilling its pledge to remove a Kurdish militia from a Syrian border region and he will raise the issue when he meets President Donald Trump next week. A month ago, Turkey launched a cross-border offensive with Syrian rebels against Kurdish YPG fighters.
The dollar’s persistent and confounding strength will continue well into next year, and even if a partial U.S.-China trade deal is signed it will at most knock the currency by 1-2% in the immediate aftermath, a Reuters poll found.
At the Shenzhen offices of e-cigarette start-up RELX Technology, workers scramble to keep pace with the rush of firms vying for sales in the world’s biggest tobacco market. Their potential-customer base starts with 300 million Chinese smokers of traditional cigarettes – about nine times the number in the United States.
Uber said it “will likely” have to strike a licensing deal with Waymo or opt for costly changes to its autonomous driving software, after an expert found the ride-hailing giant still used technology from the Alphabet unit.
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