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Post by Admin on Jan 3, 2017 18:52:05 GMT
U.S. President-elect Donald Trump tweeted on Monday that he would not tolerate fresh signs of North Korean nuclear aggression.
In an annual New Year's Day speech , North Korean leader Kim Jong Un warned that preparations for launching an intercontinental ballistic missile (ICBM) were at the final stage. He added that he would continue enhancing his nation's capability for "pre-emptive strikes" unless the U.S. ended annual naval exercises with South Korea, or what Pyongyang calls "war games."
Widely perceived as a renewed threat on Washington, Kim's remarks prompted an angry tweet from Trump. Kim didn't provide any specifics on timing of an ICBM launch, but the rogue nation is known to commemorate national celebrations through displays of military prowess and Kim's birthday on Jan. 8 may be an ideal platform. On Jan. 6 last year, Pyongyang claimed it had successfully tested a hydrogen bomb .
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Post by Admin on Jan 4, 2017 18:54:57 GMT
The country's government newspaper, the People's Daily, reported on Tuesday that unnamed trade officials and economic advisers said the Chinese economy could withstand trade tariffs mainly because exports were no longer a driving factor for growth. Trump has said he would slap tariffs as high as 35% on certain Chinese goods. China is a member of the World Trade Organization and would likely retaliate against unfair trade practices by the new US government. What is unclear is whether the US under Trump would adhere to WTO rulings on trade disputes. Although it was not mentioned in the report, another way China could impact trade would be to allow the renmimbi to free-float. The currency is controlled by the government and not allowed to depreciate by more than around 4%. But that could change. If the US slapped punitive trade tariffs on products deemed important to China's massive working-class labor market, China could weaken the currency and make it impossible for US competitors to compete on price outside of the US On Dec. 29, the People's Daily surveyed over 1,500 people throughout China regarding the possibility of worsening relations under Trump. According to the poll, 79.8% said the US was China's most important relationship. In second place was Russia, with only 37.2% saying the same thing.
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Post by Admin on Jan 6, 2017 18:51:40 GMT
Trading volume on Toyota Motors (TM -0.5%) spiked after Donald Trump took aim at the company in a new tweet.
DJT: "Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for U.S. NO WAY! Build plant in U.S. or pay big border tax."
Earlier today in Tokyo, Toyota Motor President Akio Toyoda said the company was evaluating the situation in Mexico.
The mention of a border tax could send investors scrambling as they evaluate the impact on other multinationals. Belgium-based Anheuser-Busch InBev (BUD +1.2%) and German company Adidas (OTCQX:ADDYY -0.1%) come to mind.
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Post by Admin on Jan 15, 2017 18:57:32 GMT
China said Sunday that its one-China policy is “non-negotiable” after President-elect Donald Trump suggested that he might use American policy on Taiwan as a bargaining chip between the two sides. China Foreign Ministry spokesman Lu Kang reiterated in a statement that the “government of the People’s Republic of China is the only legitimate government representing China.” "That is the fact acknowledged by the international community and no one can change,” Lu added.
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Post by Admin on Jan 17, 2017 19:07:09 GMT
Two Chinese state-run newspapers are warning President-elect Donald Trump against putting the “One China” policy up for debate. "If Trump is determined to use this gambit in taking office, a period of fierce, damaging interactions will be unavoidable, as Beijing will have no choice but to take off the gloves," wrote China Daily, an English-language newspaper, Reuters reported. Trump last week said in an interview with The Wall Street Journal that the policy is “under negotiation."
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