Connect with us

Featured

Trump Tries to Meet with Xi, but Uses Hong Kong Strife as an Excuse

Published

on

TRump's Econimc Speach Veterans DAy

The equity markets tumbled in mid-August, a global trade tension started to peak and economic data in the US, China and Europe, started to show contraction. While President Trump was quick to point to how well the US economy is performing, the administration decided that some of the items that were announced to experience tariffs as of September 1, will now only receive a tariff beginning December 15, 2019. Trump is in a bind. He wants to portray that he is in a strong negotiating position but realizes that China is not going to bend to his tactics. Many of the forward looking US economic reports are now pointing to contraction which is now what Trump wants ahead of the 2020 campaign season.

Trump Uses Hong Kong Strife to Try to Speak to Xi

President Trump suggested that he would be willing to have a “personal meeting” with China’s President Xi to discuss the escalating crisis in Hong Kong. China views the issue in Hong Kong as purely a domestic matter and would not likely want a meeting based in this issue. The US has warned China it must respond humanely to the protests if it wants to strike a trade deal.

Donald Trump with President Xi at formal dinner
President Donald Trump with Chinese President Xi Jinping during their bilateral meeting, December 1, 2018 in Buenos Aires, Argentina

Trump is trying to use any measure to try to needle China and get them back to the negotiating table in a way that would help the US. President Trump’s statement via Twitter marked a shift in tone in his public statements regarding the situation in Hong Kong. Trumps tweets came amid growing concern within the administration that China would respond with military force to the antigovernment protests that have shut down Hong Kong’s major international airport.

Hong Kong Growth Contracts

The Hong Kong government now believes that growth will be close to zero making investing into Hong Kong a risky scenario. Hong Kong receives special treatment from the United States. If this were changed, it could lead to a liquidation of many Hong Kong assets. Senator Marco Rubio has introduced a bipartisan bill that threatens to revoke Hong Kong’s special trade status with the US if Beijing intervenes in the city. Beijing has reacted angrily to US congressmen’s comments, citing them as further evidence of American involvement in China’s internal affairs.

Trump Blames the Fed

President Trump continues to blame the Federal Reserve the decline and volatility in US stocks. Most believe its trade and the weak data that has followed including the Chinese and German data, which has been adversely impacted by the trade conflict between the US and China. The trade war is overwhelming and the Fed’s last change in monetary policy did little as Trump quickly reverted to fighting his war with China. The Fed might reduce rates further but will be unable to help the market unless China and the US come to some form a trade agreement. For this to occur, the US will likely have to agree to something that is softer than what they had originally expected.

Continue Reading
Click to comment

Featured

Key Moments from Trump’s Impeachment Hearing

Published

on

Trump's Impeachment
Continue Reading

Featured

Heartbreaking; Another School Shooting Santa Clarita, CA

Published

on

Santa Clarita School SHooting

Santa Clarita, California, high school shooting leaves 2 students dead, multiple injured

SANTA CLARITA, Calif. (KABC) — A 16-year-old boy shot five fellow students, two fatally, Thursday morning at Saugus High School in Santa Clarita before turning the .45-caliber handgun on himself, authorities said.

A Los Angeles County Fire Department spokesperson said multiple 911 calls prompted firefighter-paramedics to respond about 7:40 a.m. to the school at 21900 Centurion Way.

Six students, including the gunman, were found in the quad suffering from gunshot wounds, Sheriff Alex Villanueva said at a news conference. All six were transported to hospitals, where two of them, a 16-year-old girl and a 14-year-old boy, were later pronounced dead.

The surviving victims were described as two girls, ages 14 and 15, and a 14-year-old boy.

In a tweet, Henry Mayo Hospital said it had received four patients.

Their names were not immediately disclosed. The sheriff said the deceased girl’s parents were at the hospital. He was notified of the second fatality during a press conference at the school.

Gunman turns .45 caliber on himself

According to sheriff’s Capt. Kent Wegener, surveillance video “clearly” shows the suspect pulling a semi-automatic handgun out of his backpack in the quad and shooting five classmates before shooting himself in the head.

Thursday was the gunman’s 16th birthday, the captain said.

He was listed in grave condition at a hospital, according to Villanueva.

In the immediate aftermath of the shooting, authorities released a description of the suspect as a manhunt got underway. Heavily armed deputies and an armored SWAT vehicle were seen at a home near the school, but it was unclear if the house was connected to the investigation.

The high school remained on lockdown for hours after the incident. Shortly before 11 a.m., lockdowns were lifted at all campuses in the district, as well as Rosedell and Highland elementary schools.

Central Park, at 27150 Bouquet Canyon Road, was being used as a reunification point for parents and students, the Sheriff’s Department said.

Undersheriff Tim Murakami tweeted an apology to parents, saying investigators need to interview “every student at Saugus HS” before they can be released.

In a statement, the White House said President Donald Trump was monitoring ongoing reports about the shooting.

“The White House encourages all those in the area to follow the advice of local law enforcement and first responders,” the statement said.

Gov. Gavin Newsom tweeted an expression of gratitude to the emergency responders.

“We simply should not have to fear for our kids’ lives when we drop them off at school,” the governor said. Addressing Senate Majority Leader Mitch McConnell, Newsom asked: “How many more lives will be lost? How many more shootings will we have to endure? We need commonsense gun reform. NOW.”

Amid the chaos at the scene, the number of reported victims fluctuated throughout the morning. The sheriff later confirmed that six people were shot, including the gunman.


Continue Reading

Business

WATCH: Trump’s Speech at the Economic Club of New York

Published

on

TRump's Econimc Speach Veterans DAy

Trump’s speech at the prestigious Manhattan club is expected to credit his policies for the strong economic numbers felt during his presidency.. Trump will likely highlight the low unemployment rate and high consumer confidence, as well as wage growth.

The president’s address is also expected to touch on his trade policies, the official said, amid continued negotiations over “Phase One” of a trade overhaul with China.

Continue Reading

Trending