Mattis arrives in China; NKorea to be key topic of meetings

This is how Trump can win on trade

The S&P 500 Index closed down 1.35%, which says many U.S. investors believe the worst case scenario won't happen with a trade war and I hope they're right but we're gambling with the former casino owner called Donald Trump.

Firms with at least 25% Chinese ownership would be barred from buying companies that are involved in technology that the White House considers important, according to a person familiar with the plans who spoke to CNN.

The Treasury investment restrictions are expected to target key sectors, including several China is trying to develop as part of its "Made in China 2025" industrial plan, the USA official said.

The IEEPA statute allows the president to unilaterally impose investment limits.

The administration could expand existing authorities for the Committee on Foreign Investment in the United States, or CFIUS, which is led by the Treasury and which already has blocked some Chinese investments in ports and semiconductors.

BEIJING-China and the European Union (EU) agreed Monday to launch a group that will work to update global trade rules to address technology policy, subsidies and other emerging irritants and preserve support for worldwide trade amid U.S. threats of import controls.

"You would think given trends in the region, that mainland China would have reasons to be supremely confident", said Thomas J. Christensen, former deputy assistant secretary of state for East Asian and Pacific affairs from 2007 to 2008. China has announced retaliatory measures on US imports. The prospect of a global trade war has roiled financial markets for months, and prompted the International Monetary Fund to warn of a growth slowdown. "There are no winners from fighting a trade war", Li said. "One generally finds losers on both sides".

Colombia and Poland's need to survive make for good Under bet
Dele Alli has been nursing a thigh injury and could be a doubt, with Ruben Loftus-Cheek perhaps poised to play. Japan will next face Poland in Volgograd on Thursday while Senegal faces Colombia in Samara.

Late last month, Trump infuriated U.S. allies - from the European Union to Canada and Mexico - by imposing tariffs of 25 percent on imported steel and 10 percent on aluminum. Some U.S. steel and aluminium tariffs went into effect in April and additional tariffs begin in July.

The disagreements were also about USA tariffs on $34 billion worth of Chinese goods that are scheduled to go into effect on July 6, which China said would trigger retaliation involving its imports of American soybeans and motor vehicles.

U.S. Defense Secretary Jim Mattis arrived in Beijing today for a three-day state trip. Does that remove the risk for maneuver and compromise in the U.S.?

This is stated in the report of the head of the National Council on trade at the White house Peter Navarro.

China says it could hit back at several firms listed on the U.S. Dow Jones Industrial Average if the president keeps raising the tensions with China over bilateral trade issues. But the White House itself earlier announced plans to unveil the restrictions by Saturday.

The planned U.S. restrictions on Chinese investments in "industrially significant technology" are in large part fueled by American concerns about "Made in China 2025", Beijing's plan to boost industries like robotics, electric cars and aerospace with the aim of becoming a global leader in those areas.

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