24 de febrero de 2020
ÚLTIMAS NOTICIAS:
Hispanic World

Trump to announce new site for signing of trade pact with China

Washington, Oct 31 (efe-epa).- President Donald Trump confirmed Thursday that he will announce "soon" a new site where he will meet with his Chinese counterpart, Xi Jinping, to sign the "first phase" of a trade accord with China, after Chile's surprise cancellation of the APEC summit in Santiago.

 File photo showing US President Donald Trump. EFE-EPA/MICHAEL REYNOLDS/File

File photo showing US President Donald Trump. EFE-EPA/MICHAEL REYNOLDS/File

Washington, Oct 31 (efe-epa).- President Donald Trump confirmed Thursday that he will announce "soon" a new site where he will meet with his Chinese counterpart, Xi Jinping, to sign the "first phase" of a trade accord with China, after Chile's surprise cancellation of the APEC summit in Santiago.

The US president had been intending to meet with the Chinese leader at the summit in the Chilean capital in mid-November.

"China and the USA are working on selecting a new site for signing of Phase One of Trade Agreement, about 60% of total deal, after APEC in Chile was canceled do to unrelated circumstances," Trump said on his Twitter account, misspelling the word "due."

"The new location will be announced soon. President Xi and President Trump will do signing!" he added.

Trump had been scheduled to meet with Xi to sign the accord at the Asia-Pacific Economic Cooperation (APEC) forum summit, which was to be held in Santiago on Nov. 16-17.

However, Chilean President Sebastian Piñera on Wednesday announced that Chile was cancelling the APEC summit, along with the 2019 United Nations Climate Change Conference (known as COP25) in December, due to the massive protests and demonstrations that have been staged in the South American country for the past two weeks.

Last week, US negotiators said that they were close to finalizing several sections of the pact, but they did not definitively guarantee that it would be ready to sign by the time of the APEC summit.

Trump described the pact as the "first phase" of a process that could unfold in three phases and shelved his plans to hike tariffs on Chinese goods.

Meanwhile, China promised to increase its purchases of US agricultural products to between $40 billion and $50 billion.

In subsequent tweets on Thursday, Trump lashed out at the US Federal Reserve.

"China is not our problem, the Federal Reserve is!" said Trump on Thursday in his first Twitter commentary on the interest rate cut by the US Federal Reserve on Wednesday.

The president said that "People are VERY disappointed in Jay Powell and the Federal Reserve. The Fed has called it wrong from the beginning, too fast, too slow. They even tightened in the beginning."

Trump went on to say that "Others are running circles around them and laughing all the way to the bank. Dollar & Rates are hurting...our manufacturers. We should have lower interest rates than Germany, Japan and all others. We are now, by far, the biggest and strongest Country, but the Fed puts us at a competitive disadvantage."

The Fed opted Wednesday to cut its benchmark interest rate by a quarter point, bringing it down to a target range of between 1.5 percent and 1.75 percent.

The Federal Open Market Committee (FOMC), the Fed's policy-making body, voted 8-2 in favor of the monetary policy action, a move that comes amid widespread concerns about economic deceleration in the US and globally.

The central bank lowered its federal funds rate for the third time in 2019 even though it said the country's labor market remains strong and economic activity continues to rise at a moderate rate.

Growth in US gross domestic product has been slowing throughout the year, with the Commerce Department announcing Wednesday that the economy expanded just 1.9 percent in the third quarter relative to the same three-month period of 2018.

However, Powell said that the Fed would take its time before modifying US monetary policy again.

"We see the current stance of monetary policy as likely to remain appropriate as long as incoming information about the state of the economy remains broadly consistent with our outlook," he told a press conference Wednesday.

Histórico de noticias
Weinstein convicted of 2 sex crimes, acquitted of most severe charges

(Update 1: Adds text, details)

High tech firms establishing roots in Nevada's wild west

By Marc Arcas

Trump blasts South Korean film 'Parasite,' Brad Pitt at Colorado rally

Los Angeles, USA, Feb 20 (efe-epa).- The president of the United States took advantage of a campaign rally this Thursday in Colorado to criticize the Oscars...

Brazil's Carnival continues with marked feminist accent

Rio de Janeiro, Feb 16 (efe-epa).- Brazil's nationwide Carnival celebration continued on Sunday with a marked feminist accent emphasized by a band that drew...

Dominican municipal elections suspended due to technical problems

Santo Domingo, Feb 16 (EFE).- The Dominican Republic's Central Election Board (JCE) on Sunday suspended the nationwide municipal elections after multiple...

Trump kicks off Daytona 500 in Florida, but rain delays the race

Miami, Feb 16 (efe-epa)- President Donald Trump kicked off the Daytona 500 under initially sunny skies at the Daytona International Speedway in Florida on...

U2's Bono, UN denounce educational disadvantage for girls around world

United Nations, Feb 11 (efe-epa).- Singer Bono and the United Nations on Tuesday denounced the "dramatic disadvantage" in education being suffered by female...

Guaido beaten by mob upon landing in Caracas

Caracas, Feb 11 (efe-epa).- Opposition leader Juan Guaido, recognized as Venezuela's legitimate interim president by more than 50 nations, on Tuesday was...

Samsung presents Galaxy Z Flip, first foldable smartphone

San Francisco, Feb 11 (efe-epa).- South Korean multinational Samsung on Tuesday presented its new foldable smartphone, the Galaxy Z Flip, this model with a...

Fed's Powell warns of economic risks of coronavirus amid Trump's attacks

By Alfonso Fernandez

Final Iowa caucus recount gives Buttigieg delegate win

Washington, Feb 9 (efe-epa).- Almost a week after the Iowa caucuses, the Democratic Party announced Sunday that former South Bend, Indiana, Mayor Pete...

Hundreds of wizards-for-a-day celebrate "Harry Potter" saga in Argentina

Buenos Aires, Feb 6 (efe-epa).- Hundreds of fans left their "muggle" (non-magical) life to one side on Thursday to attend "Harry Potter Book Night" in...

Weinstein defense calls its first witnesses

New York, Feb 6 (efe-epa).- The defense team of former Hollywood producer Harvey Weinstein, who is on trial in New York for rape, on Thursday called its...

Trump holds White House celebration to revel in Senate acquittal

Washington, Feb 6 (efe-epa).- President Donald Trump on Thursday organized a "celebration" at the White House to hail his acquittal in his impeachment trial...

Zona MACO art fair starts in Mexico with new plan to hike attendance

By Ines Amarelo

Trump acquitted in near party line Senate vote on impeachment charges

Washington, Feb 5 (efe-epa).- President Donald Trump was acquitted on Wednesday in a vote by the Republican-controlled Senate on the two impeachment charges...

US threatens Reliance, Repsol, Chevron, Rosneft with sanctions over Venezuela

Washington, Feb 5 (efe-epa).- The United States on Wednesday threatened to impose sanctions on US petroleum firm Chevron, Spain's Repsol and India's...

US trade deficit declines for 1st time in 6 years amid trade tensions

By Alfonso Fernandez

Almost 1,000 police murdered in Mexico in the past 2 years

Mexico City, Feb 4 (efe-epa).- From 2018 up through January 2020, at least 953 police officers were murdered in Mexico, a reflection of the wave of violence...

Puerto Rico's Adriana Diaz among world's top 20 in ping pong

San Juan, Feb 4 (efe-epa).- In a sport where Asians reign supreme, for the first time in her short yet successful table tennis career Puerto Rico's Adriana...

Trump to address split Congress, Senate on verge of acquitting him at trial

By Lucia Leal

Iowa, between Biden's moderation and Bernie's revolution

By Beatriz Pascual Macias

Alphabet beats on earnings per share, misses on revenue

San Francisco, Feb 3 (efe-epa).- Internet giant Alphabet, the parent company of Google, released yearly and quarterly results on Monday, showing net profits...

Newton, Iowa: Between the pain of de-industrialization and the elections

By Beatriz Pascual Macias