Trump, Abe Signal Deal

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Jerry HagstromDTN Political CorrespondentWASHINGTON, D.C. (DTN) — President Donald Trump and Japan Prime Minister Shinzo Abe announced Sunday that the two countries have reached a trade deal that will involve large Japanese purchases of U.S. corn and wheat.In a report Saturday, Nikkei, a Japanese news organization, reported that Japan had agreed to grant the United States the same level of tariffs on agricultural products that other countries have gotten through the Trans-Pacific Partnership (TPP), from which Trump withdrew, in exchange for an exemption from Trump’s proposal to increase auto tariffs.At a joint news conference on the sidelines of the G-7 meeting in France, Trump said, “We’ve been working on a deal with Japan for a long time. It involves agricultural and it involves e-commerce and many other things. It’s a very big transaction, and we’ve agreed in principle. It’s billions and billions of dollars. Tremendous for the farmers.”“And one of the things that Prime Minister Abe has also agreed to is we have excess corn in various parts of our country, with our farmers, because China did not do what they said they were going to do,” Trump said. “And Prime Minister Abe, on behalf of Japan, they’re going to be buying all of that corn. And that’s a very big transaction. They’re going to be buying it from our farmers.”“So the deal is done in principle.”Trump and Abe both said they probably will be signing it around the United Nations General Assembly meeting in New York in September.The deal comes after a difficult month for farmers with higher tariffs promised for China and EPA granting 31 waivers to oil refiners from Renewable Fuel Standard obligations. The president has been looking for a win in agriculture.“This is a tremendous deal for the United States,” Trump said. “It’s a really, tremendous deal for our farmers and agricultural ranchers, and also involves other things, including, as I said, e-commerce.”Abe said that the two countries had “successfully reached consensus with regard to the core elements of both the agricultural and industrial products of our bilateral consultations on August the 23rd. And I certainly welcome this development.”Trump then told Abe, “Perhaps you may want to discuss the additional purchase of all of that corn, because we have a tremendous amount right now. And we’ve been working with the farmers and making very, very large payments for the unfair way they were treated by China.”“And the farmers are very happy,” Trump said. “They like — they like their president. They’re very happy. But I think it’s even better, and I think they’re even happier, when they hear you’re actually buying their products.“So perhaps you could say a couple of words just about the hundreds of millions of dollars of corn – existing corn – that’s there, that you’ll be buying.”While Trump’s remarks made the decision to buy U.S. corn sound almost like a favor, Abe indicated that Japan needs the corn.“So with regard to the potential purchase of American corn, in Japan we are now experiencing insect pest on some of the agricultural products,” Abe said.“And there is a need for us to buy a certain amount of agricultural products. And this will be done by the Japanese private sector. That means that Japanese corporations will need to buy additional agricultural products.“And we believe that there is a need for us to implement emergency support measures for the Japanese private sector to have the early purchase of the American corn.”Trump responded, “And the Japanese private sector listens to the Japanese public sector very strongly. I’m not sure. It’s a little different than it is in our country perhaps. But they are – they have great respect for the public sector. So when I hear the private sector has agreed to this, we’re very happy about that.”Trump later tweeted, “Big Trade Deal just agreed to with Prime Minister Abe of Japan. Will be great for our Farmers, Ranchers and more. Really big Corn purchase!”Secretary of Agriculture Sonny Perdue pointed out, “Japan is a significant market for United States agriculture exports, making today a good day for American agriculture. By removing existing barriers for our products, we will be able to sell more to the Japanese markets. At the same time we will able to close gaps to better allow us to compete on a level playing field with our competitors. I thank President Trump and Ambassador Lighthizer for their constant support of America’s farmers and ranchers and their hard work negotiating better trade deals around the globe.”At Trump’s urging, U.S. Trade Representative Robert Lighthizer said, “Well, first of all, what we have is an agreement on core principles.”“It has three parts: agriculture, industrial tariffs, and digital trade. And from our point of view, it is extremely important to our farmers and ranchers and those people who work in the digital space.“We’ll get into the details at another time, but generally, Japanese is our third-largest agricultural market. They import about $14 billion worth of U.S. agricultural products. And this will open up markets to over $7 billion of those products.“In the agriculture area, it will be a major benefit for beef, pork, wheat, dairy products, wine, ethanol, and a variety of other products.“It will lead to substantial reductions in tariffs and non-tariff barriers across the board. And I’ll just give you one example: Japan is, by far, our biggest beef market. We sell over $2 billion worth of beef to Japan. And this allows us to do with lower tariffs and to compete more effectively with people across the board, particularly the TPP countries and Europe.“So it’s very good news for our farmers and ranchers, but it’s also good news for those who work in the digital e-commerce space where it is the gold standard of an international agreement. This is an area that not only has been important to the President but been of particular importance to the prime minister.”Trump added, “This is a massive purchase of wheat also, in addition to everything else. This is a very large purchase of wheat, and the very, very large order of corn will go quickly. But importantly, it’s something that wasn’t in the agreement that we may not even — we may do that as a supplementary agreement. But we appreciate that very much. We just agreed to that on the other idea of the door.”“So I just appreciate that very much. And we’ll do a great job. And the farmers are very thankful. Thank you very much.”American Farm Bureau Federation President Zippy Duvall said, “America’s farmers and ranchers are pleased to hear that the U.S. and Japan may be close to a trade deal that includes agriculture.”“This is much-needed good news on the agricultural trade front,” Duvall said.National Pork Producers Council President David Herring, a pork producer from Lillington, N.C., said, “We thank the Trump administration for negotiating a trade agreement with Japan, a market that represented 25 percent of total U.S. pork exports last year. We look forward to rapid implementation of the agreement as international competitors are currently taking U.S. pork market share through more favorable access. he said.“The United States produces the safest, highest-quality and most affordable pork in the world. It is the preference of many Japanese customers and we look forward to competing on a level playing field again.”An executive vice president for the U.S Chamber of Commerce called the announcement “a welcome step in the right direction,” but called for a comprehensive trade deal between the two countries. “American companies and agriculture exporters are at a clear disadvantage to their Asia-Pacific and European counterparts in the absence of a comprehensive trade deal with Japan,” said Myron Brilliant, executive vice president and head of international affairs for the U.S. Chamber of Commerce. Brilliant added, “Given the existing volatility and uncertainty in global markets, today’s news that the administration is making progress in talks with Japan, one of our most important trading partners, is a welcome step in the right direction. However, the U.S. Chamber strongly urges the Trump Administration to continue its efforts to reach a comprehensive, high-standard agreement that addresses the full range of U.S. trade priorities from services and intellectual property protection to regulatory barriers. By securing that broader agreement, the administration will spur significant economic growth, create U.S. jobs, and open up other avenues for expanding our market access and commercial ties to the vital Asia-Pacific region.”DTN Ag Policy Editor Chris Clayton contributed to this report.Jerry Hagstrom can be reached at jhagstrom@njdc.comFollow him on Twitter @hagstromreport(SK)© Copyright 2019 DTN/The Progressive Farmer. All rights reserved.last_img read more



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Kathua accused to stay in local jail

The Jammu and Kashmir police on Monday withdrew its application requesting that the seven accused in the Kathua rape-and-murder case be moved to a Pathankot jail after the Punjab government told the court that their prisons were overcrowded, officials said.The issue came up as daily hearing in the case of the rape and murder of an eight-year-old girl from a minority nomadic community in Kathua resumed in the court of District and Sessions Judge Tejwinder Singh after the weekend.The counsel for the Jammu and Kashmir police withdrew the application after the Punjab government made its submission before the court, said officials and lawyers privy to the in-camera hearing.The J&K police had moved an application on May 31 asking that the seven accused be transferred to jail in Pathankot, citing security issues during the movement from Kathua jail, about 30 km away.The court also heard arguments on an anticipatory bail application moved by R.P. Singh, chairman of the college where Vishal Jangotra, the son of Sanji Ram, the main accused in the case, was studying, officials said.Singh, who is also mentioned in the chargesheet filed by the Jammu and Kashmir Police’s Crime Branch, is alleged to have taken money to mislead investigating officers about the presence of Vishal.The prosecutor objected to the anticipatory bail saying this would go against the natural process of justice and Singh’s role needed to be examined thoroughly, officials said.The court is likely to give its decision on the bail application on Tuesday, they said.The court also allowed a team of private lawyers to represent the deceased victim after her family appeared in person and gave their consent before the court. The J&K police gave a list of six interpreters who would assist the court in understanding Urdu during the hearing in the high-profile case. read more



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Noted music director Shaarang Dev plays Super Selector

first_imgShaarang DevCricket and music will go hand in hand this month as noted music director Shaarang Dev plays Super Selector. He scored the music for television serials like Malgudi Days, Udaan and Junoon and the Rekha-Om Puri film Aastha. “I had to spend two hours to select the best possible,Shaarang DevCricket and music will go hand in hand this month as noted music director Shaarang Dev plays Super Selector. He scored the music for television serials like Malgudi Days, Udaan and Junoon and the Rekha-Om Puri film Aastha.”I had to spend two hours to select the best possible team without exceeding the points limit. The exercise was taxing as well as interesting,” says Shaarang. Excited by the concept, he feels that “whoever thought of this idea must be having the heart of a selector”. “One thing is certain: I will not criticise the Indian cricket selectors hereafter,” Shaarang says.Shaarang fancies his chances of getting the winner’s prize. “Commenting alongside Sunil Gavaskar and Geoffrey Boycott would be a dream come true.” He has fond memories of working for the TV series Gavaskar Presents. “It was unforgettable. Gavaskar is so meticulous. You only learn from him. I am proud to be playing Super Selector alongside him.” Team Shaarang – and the OppositionSHAARANG’S TEAM GAVASKAR’S TEAMSUNSHINE XI MALAIKA ARORAAND ARBAAZ’S TEAMDESI SENASachin TendulkarSourav GangulyMark RamprakashGary KirstenYuvraj SinghJacques KallisAndrew FlowerHarbhajan SinghNicky BojeAndre NelMluleki Nkala 15010575952515095120957020 Gary KirstenSachin TendulkarSourav GangulyYuvraj SinghVirender SehwagJacques KallisAndrew FlowerMatthew HoggardAllan DonaldNicky BojeHeath Streak 951501052530150952511095120 Virender SehwagShiv Sunder DasRahul DravidSachin TendulkarSourav GangulyReetinder SodhiDeep DasguptaJavagal SrinathHarbhajan SinghZaheer KhanAshish Nehra3075110150105552011012085125  SUPER SELECTOR NOVEMBER CALENDARINDIA vs SOUTH AFRICA: 3 TESTS Venue: SOUTH AFRICANEW ZEALAND vs AUSTRALIA: 2 TESTS Venue: AUSTRALIAWEST INDIES vs SRI LANKA: 2 TESTS Venue: SRI LANKAZIMBABWE vs BANGLADESH: 2 TESTS & 3 ODIs Venue: BANGLADESHlast_img read more



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Zlatan Ibrahimovic’s agent unsure about forward’s Manchester United F.C. return

first_imgZlatan Ibrahimovic’s agent has admitted that he doesn’t know whether the striker will be back at Manchester United next season.Ibrahimovic’s agent, Mino Raiola, did, however, insist that Ibrahimovic will continue playing in Europe as he looks to resume his career once he recovers from a serious knee injury.Ibrahimovic earlier this month had undergone a successful knee surgery and began the rehabilitation process.He sustained the injury when he landed awkwardly after jumping for a header during the final seconds of United’s 2-1 win over Anderlecht in the first leg of their Europa League clash at Old Trafford last month.United have been expected to trigger an option to extend Ibrahimovic’s contract at Old Trafford, yet that was before the 35-year-old sustained the injury.”Will he continue at United? I don’t know, we will talk soon to sort out the future,” Raiola was quoted as saying by the Independent.”He will play for one more year, maybe two.””There have been offers from clubs from many leagues, but he will remain in Europe 100 per cent,” he added.Ibrahimovic, who joined United last summer from Paris Saint-Germain, has scored 28 goals in 46 appearances in his debut season.last_img read more



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10 months agoLeicester boss Claude Puel hails unity for Chelsea shock

first_imgLeicester boss Claude Puel hails unity for Chelsea shockby Paul Vegas10 months agoSend to a friendShare the loveLeicester City boss Claude Puel hailed their unity for victory at Chelsea.Jamie Vardy scored the only goal of the game early in the second half.“We played this game with confidence and the right mentality away at Chelsea, a good team with great players,” Puel said at full-time.“In this game, we played with a fantastic togetherness. Perhaps in the first half, we were disappointed because we could have used the ball with more quality.“We wasted some good opportunities in the first half but our togetherness and our defensive aspect was fantastic. We scored a goal with a fantastic move and I was happy for Jamie.“It was a clinical goal and fantastic service from Maddy [James Maddison] also. We continued to defend like a team with 11 players with the mentality to keep this result.”That togetherness – which saw all players put their bodies on the line to defend in the latter moments – was the most pleasing factor for Puel to reflect on in his post-match assessment.“It’s a fantastic reward for the team because we managed this game very well,” Puel added. “We were a little lucky in the end when they hit the post, but I am happy for the players.” About the authorPaul VegasShare the loveHave your saylast_img read more



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Sensex at record high, crosses 39,000

first_imgMumbai: The BSE Sensex on Monday touched a record high and crossed the 39,000 mark for the first time. Around 10.15 a.m., the Sensex hit a fresh record of 38,993 points. At 10.27 a.m, the Sensex traded at 39,015.26, higher by 342.35 points or 0.89 per cent from the previous close. The Nifty50 on the National Stock Exchange also crossed the 11,700 mark for the first time since September 3, 2018. It traded at 11,710.25, higher by 86.35 points or 0.74 per cent from the previous close of 11,623.90 points. A rise in the Asian indices, along with healthy buying in the auto, capital goods and metal stocks supported the gains in the domestic indices, analysts said.last_img



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Twitter acqui-hires quote sharing app Highly

first_imgSan Francisco: Twitter has acqui-hired quote sharing app Highly for an undisclosed sum. Highly allows users to quickly highlight quotes from articles and share via email or social media. Twitter could develop its own version of Highly or other ways to excerpt the best content from websites and get it into the timeline. “We are excited to welcome the Highly team to Twitter. Their expertise will accelerate our product and design thinking around making Twitter more conversational,” Twitter told TechCrunch on Wednesday. Highly would shut down its iOS and Slack apps on April 26. “Social highlights can make sharing stories online feel personal, efficient and alive, like retelling a story to a friend over coffee. They give people shared context and spark meaningful conversations,” said Highly CEO Andrew Courter. “Highly exists to enable awesome convos, and we’re looking forward to bringing our Highly-informed perspective to Twitter’s work serving the public conversation,” he posted on Medium.last_img read more



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Traders will teach BJP a lesson in upcoming polls: J P Aggarwal

first_imgFour-time MP in Lok Sabha and one-time in Rajya Sabha, Jai Prakash Aggarwal has again been fielded by the Congress from Chandani Chowk Parliamenatry Seat. Aggarwal thrice represented Chandni Chowk in 1984, 1989 and 1996 while he represented North-east Trans-Yamuna parliamentary Constituency in 2009. In an exclusive interview with Roushan Ali, Aggarwal said that traders will teach BJP and its sitting MP a lesson in the upcoming Lok Sabha poll. Excerpts: Do you feel any Modi wave or under-current wave in Walled City areas? There is not any sort of wave in our constituency, rather anti-incumbency is in very high-level due to three big challenges such as demonetisation, GST and commercial sealing. Traders will teach BJP sitting MP HarshVardhan a lesson in this seat as he did not help the traders. Do you consider now a triangular contest in your seat? Not at all, both the BJP and the AAP candidates are far behind me in political race, because Chandni Chowk is hub of business, where demonetisation had already hit the en masse traders hard with the shortage of money. The sealing of thousands of shops in Delhi has made the lives of thousands families of traders miserable. But when the issue of sealing surfaced in 2006, Congress led UPA government had brought 170 amendments to the master plan, built 2,700 roads, and 22 areas were declared industrial hubs which generated massive employment. Do you feel nationalism could be big poll theme this election? Present Modi government is complete failure as their promises made just before 2014 elections such as jobs, 100 smart cities, start-up and stand-up India scheme and infrastructural development. India is passing through a major crisis such as jobs, farmers’ distress and intolerance in society. People think that AAP candidate Pankaj Gupta may damage Congress’ vote banks. Is it so? I don’t feel so, because AAP candidate Gupta is completely a fresher and unknown face in this constituency. Both BJP at Centre and AAP in the national have been involved in cat fights but they never really thought about the welfare of the business class and people. Chandni Chowk seat has huge Muslim voters but the Congress doest not have any MLA. The Congress does not believe in communal polarisation and BJP could also not get in polarisation on the basis of communal line. Congress does not have any MLA while AAP has nine MLAs and Muslim face as minister. There is a talk that AAP candidate Pankaj Gupta may get extra edge. What you think? It is hardly a matter because the parliamentary election is always different from Assembly polls. AAP is still not considered a serious player.last_img read more



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WTO’s dispute system collapse to hit developing nations: India

first_imgNew Delhi: India Monday said collapse of appellate body of WTO’s dispute settlement system, and the reform agenda being pushed by certain developed economies could harm the interest of developing countries. The issues were flagged by India on the first day of a meeting of senior officials of 22 members of the World Trade Organisation (WTO) here. Speaking at the inaugural session, Commerce Secretary Anup Wadhawan said there are existential challenges to the multilateral rules-based trading system due to spate of unilateral measures and counter steps being taken by certain countries. Also Read – Commercial vehicle sales to remain subdued in current fiscal: IcraBesides, deadlock in key areas of negotiations and impasse in the appointment of members of WTO’s appellate body are posing challenges. “The logjam in the appellate body is a serious threat to the dispute settlement mechanism of the WTO and the implementation function of the organisation,” an official statement said quoting the secretary. He said the continuous rise in protectionist measures is vitiating the global economic environment and this “situation does not bode well for developing countries, including the LDCs (least developed countries)”. Also Read – Ashok Leyland stock tanks over 5 pc as co plans to suspend production for up to 15 daysWadhawan said LDCs and developing countries like India would face more harm due to the impasse over appointment of members in the WTO’s appellate body, which is a critical part of trade dispute settlement system. “There is an urgent need to engage constructively to preserve the system and come up with constructive solutions to the problem,” he said. The delay in appointment of members in the appellate body would hamper its functioning. The US has blocked the appointment of these members. The minimum quorum (3) for functioning of this body will end on December 10, after which it will become dysfunctional. He also said the situation in the WTO has spurred a strong discourse for reforming the WTO, which unfortunately is characterised by a complete lack of balance. “The reform agenda being promoted does not address the concerns of the developing countries,” he said adding the discussions in the meeting being held here give a chance to reaffirm the resolve to keep development at the centre of the reform agenda. The reform initiatives must promote inclusiveness and non-discrimination, build trust and address the inequalities and glaring asymmetries in existing agreements, he added. The secretary said there has been no active engagement or movement on key issues of concerns for developing countries including LDCs in the negotiating agenda of the WTO. “Agriculture remains a key priority for a large membership of WTO representing the developing world. However, there is a strong push to completely relegate existing mandates, decisions and work done for the past many years, to the background,” he said. He called upon the LDCs and developing countries to collectively work for a fair and equitable agreement on fisheries subsidies. That agreement should take into consideration the livelihood needs of subsistence fishermen and protect the policy space to develop capacities for harnessing marine resources, he said. “India believes that developing countries need to work together to protect their interests in the WTO negotiations through preservation of the core fundamental principles of the WTO,” the secretary said. The two-day meeting gives an opportunity to the participating countries to develop a shared WTO reform proposal on issues of priority and interest for developing countries. This will help in building a common narrative on issues of importance for developing countries and LDCs, he said. The issues which would come up in the meeting include finding a solution to the ongoing impasse in the appellate body on an urgent basis; ways to reinvigorate negotiating agenda on issues of critical importance for developing countries; and ensuring effective, special and differential treatment for all developing countries including LDCs. The discussions of the senior officials will feed into the ministers’ deliberations Tuesday. The meeting is being attended by six LDCs and 16 developing countries, including China, Brazil, Saudi Arabia, South Africa, Argentina, Bangladesh, Malaysia, and Nigeria, according to a commerce ministry statement. World Trade Organisation (WTO) Director General Roberto Azevedo is also participating. The meeting is being held at a time when the multilateral rule-based trading system is facing serious challenges. The meeting also assumes significance as countries like the US and China are raising import duties against each other’s products, creating a trade war like situation and posing a threat to global commerce. Developed countries like the US want WTO members to start discussing new issues like e-commerce. However, India is of the view that formal discussions should begin only after consensus is built on them.last_img read more



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Militiamen fire on protesters in Libyan capital: AFP

first_imgTRIPOLI – Libyan militiamen opened fire on Friday on a crowd wanting them to move out of their headquarters in southern Tripoli, wounding at least two people, an AFP journalist witnessed.Hundreds of people in the Gharghour district converged on the Misrata militia’s headquarters to press their demands when gunmen inside fired into the air to scare them off.But when the crowd continued to approach the building, the gunmen started firing at them. Libya has been troubled by instability and increasing levels of violence, usually involving former rebels who helped overthrow dictator Moamer Kadhafi two years ago but have never disbanded their militias.The Misrata militia sparked headlines earlier this week when one of its leaders, Nuri Friwan, was fatally wounded in fighting at a checkpoint manned by other ex-rebels.Two people were killed in subsequent fighting, and one Western diplomat said the situation was becoming “increasingly critical”.last_img read more



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