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Trump sets date for signing US-China ‘deal’

Trump sets date for signing US-China ‘deal’

Business
Donald Trump has announced he will sign a long-awaited trade agreement with China on 15 January.The pact, a "phase one" deal, is expected to reduce tensions between the two economic giants.The US president said the treaty would be signed in Washington in the presence of "high level representatives" from China."At a later date I will be going to Beijing where talks will begin on Phase Two!" the President wrote on Twitter.Mr Trump recently called off plans for tariff increases on Chinese goods, citing progress on the deal.The text has not been shared publicly but earlier this month the two sides said China had promised to increase purchases of US agricultural products and boost intellectual property protections, while the US rolled back some tariffs.'Compre...
Robert Shiller: A Trump effect could drive the record market rally through 2020

Robert Shiller: A Trump effect could drive the record market rally through 2020

Finance
Nobel-prize winning economist Robert Shiller believes the record market rally could last months — if not more.He suggests there's an emotional high gripping the market right now that shows little signs of fading."I put Trump as the primary cause of the recent strength in the market," the Yale University professor told CNBC's "Trading Nation" on Friday. "He's a motivational speaker. We've never had a motivational speaker president before. He knows how to create animal spirits."Shiller, who won the Nobel Prize in 2013, is known for predicting the 2000 stock market plunge and the 2006 housing bubble. He wrote this year's book "Narrative Economics," which digs into the idea that popular stories help drive economic events.It's a concept that applies to the current market dynamics and the import
Trump impeachment: What you need to know

Trump impeachment: What you need to know

World
Impeachment proceedings against Donald Trump move on to the next stage, with a vote scheduled in the House of Representatives tonight. This is what you need to know.What is an impeachment? Impeachment is when a legislative body formally levels charges, which have to be very serious, against a high official of government, including the president.It does not mean automatic removal from office and is only the first step towards possible removal.It is not a criminal trial but a process to remove a high-level official, usually only a president in the US. Advertisement What's happening this week? The House Judiciary Committee released a 658-page report that details the two articles of impeachment against Mr Trump...

Plan to import cheaper Canadian drugs advances under Trump

Health
WASHINGTON -- The Trump administration, eager to show progress on prescription drug costs, on Wednesday moved forward with its plan to allow Americans to safely and legally get access to lower-priced medicines from abroad. But patients are unlikely to see quick relief on prices, even in states such as Florida that are pursuing their own import plans. Meanwhile, major legislation to lower costs for seniors has gotten bogged down in a Congress consumed by the impeachment of President Donald Trump. Canadian officials have also raised questions, saying their country's prescription drug market is too small to have any real impact on U.S. prices. In Washington, U.S. health officials unveiled a proposed regulation that would allow states to import many brand name drugs from Canada, with ...
Trump: US-China trade war eases through ‘very large’ deal

Trump: US-China trade war eases through ‘very large’ deal

Business
The US and China have outlined a cooling in their 17-month long trade war, helping push US stock markets to record highs.Hours after reports of a so-called phase one agreement being signed off by President Donald Trump, trade officials in Beijing confirmed significant progress had been made following months of tough talks. Mr Trump later said a "very large" deal had been done. .....The Penalty Tariffs set for December 15th will not be charged because of the fact that we made the deal. We will begin negotiations on the Phase Two Deal immediately, rather than waiting until after the 2020 Election. This is an amazing deal for all. Thank you!— Donald J. Trump (@realDonaldTrump) December 13, 2019 At a late night news conference, reporters in the Chine