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Friday
September 2019
9:33 PM IST
News Headlines
We have to hug each Kashmiri, create new paradise: Modi        Rajnath Singh becomes first Defence Minister to fly in Tejas fighter aircraft        Netanyahu''s rival Gantz says he should be PM in unity government        Tunisia''s ex-president Ben Ali dies in exile        Sindhu out of China Open, Praneeth enter quarterfinals        Former Dutch soccer player Maynard shot dead        Israel election: Netanyahu trails by a seat with majority votes counted        MODI Pak refuses India''s request to open airspace for PM Modi citing ''situation in Kashmir''        HINDI Never asked for imposing Hindi over native languages, says Shah; Stalin postpones protest        Rupee stems losses, rallies 54 paise to 71.24 vs USD on easing oil prices        Kohli hits unbeaten 72 as India outplay SA to begin home season with a bang        Vinesh locks Olympic quota with bronze at Worlds, Pooja in line for second medal        China Open: Sindhu, Praneeth, Kashyap enter second round, Saina crashes out        Azad, Ahmed Patel meet Chidambaram in Tihar jail        DRDO, Air Force successfully test-fire ''Astra'' missile        NGOs receiving substantial financing from govt come under RTI Act, says SC        All party meet decides to explore legal options to help flat owners        Taliban kill at least 48 in bloody day ahead of Afghan polls        Pompeo heading Tuesday to Saudi Arabia over Iran tensions: Pence        Oil sinks 5% on forecasts of quick Saudi output recovery        
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Business News
China lost 20 lakhs jobs in short period of time: Trump
 
Washington: US President Donald Trump has claimed that China has lost more than 20 lakhs jobs in a very short period of time, due to his tough policies, including imposing additional import tariffs.

Chinese economy, he said, is doing "very, very" poorly.

"China is eating the tariffs because of monetary manipulation. And also, they're pouring a lot of money into their country because they don't want to lose jobs... They lost over two million jobs in a short period of time," Trump told reporters at Bedminster in New Jersey on Sunday.

Trump said China wants to make a trade deal with the US. Officials of the two countries are having a series of meetings on this for the past several months. "We will see what happens. But they definitely want to make a deal," he said.

He refused to comment on reports that he has spoken to the Chinese President Xi Jinping on this.

"They've had the worst year they've had in 27 years because of what I've done. They want to come to the negotiating table. The companies are leaving. They are laying off millions of people because they don't want to pay 25 per cent (import tariff)," he said.

Trump said that the Chinese want to come to the table for talks on a trade deal.

"I don't think there's another reason other than President Xi, I'm sure, likes me very much. But they're losing millions and millions of jobs in China. We are not paying for the tariffs; China is paying for the tariffs, for the one-hundredth time," he said.

Asserting that he understands tariffs work very well, he said that in the case of China, it is eating the tariffs, at least so far.

Responding to a question about fear of a global economic recession, Trump said if it slowed down, it would be because he has to take on China and some other countries.

"You have other countries that are just as bad as China, the way they treat us. You take a look at what's happening with the European Union; they have barriers, they have tariffs. I'm not going to mention all the countries because you'll be surprised. But we're treated very badly -- a lot of them by our allies. We're treated very badly," he said.

"When all of that normalizes, we've got a rocket ship. Our country is going to be stronger, by far, than ever before. I mean, if I wanted to make a bad deal and settle on China, the market would go up but it wouldn't be the right thing to do. I'm just not ready to make a deal yet. China would like to make a deal. I'm not ready," Trump said.

After coming to power, Trump has imposed 25 per cent import tariff on Chinese products worth USD 250 billion.

Another 10 per cent tarrif on products worth USD 300 billion will come into effect on September 1.

As a result of the ongoing trade war between the US and China, imports from China to the US dropped by 12 per cent and America's export to China fell by 19 per cent.

Trump has so far maintained that China has been unfair to the US. China has also taken several retaliatory steps.

According to a Commerce Department report, the total value of bilateral goods exchanged with China fell 14 per cent in the first half of the year to USD 271.04 billion, The Wall Street Journal said.


Rupee stems losses, rallies 54 paise to 71.24 vs USD on easing oil prices
Oil sinks 5% on forecasts of quick Saudi output recovery
Some 46,000 General Motors auto workers strike in US
Sensex cracks nearly 300 pts; oil and gas stocks tank
Air India posts Rs 4,600 cr operating loss in 2018-19; aims operating profit this fiscal
SBI to move RBI to offer fixed-floating rate home-loans: Chairman
Inflation under control, clear signs of revival in factory output: FM
China to lift punitive tariffs on US soybeans, pork
Exports decline 6 pc; imports dip 13.45 pc
Retail inflation inches up to 10-month high of 3.21 pc in August
India & Qatar to focus on hydrocarbon sector: Pradhan
Samruddhi Corridor: MSRDC ties up loans of Rs 28,000 crore
Just 19 pc employers in India bullish on hiring in Oct-Dec qtr: Survey
Alibaba's Ma steps down as industry faces uncertainty
Ahead of festivals, SBI again cuts lending rates by 10 bps
Sensex drops over 150 pts; bank, auto stocks drag
15th Finance Commission holds meeting with Raj bodies, industry
PNB puts up for sale 11 NPA accounts to recover dues of Rs 1,234 cr
States to be key drivers of growth for making India USD 5 trillion economy: Niti CEO
FinMin sets up task force to identify infra projects for Rs 100 lakh cr investment
KERALA NEWS
Government to rebuild Palarivattom flyover
 Thiruvananthapuram: The state government has decided to demolish and rebuild Palarivattom flyover as  
CM demands PSC questions in Malayalam
Tipplers guzzle Rs 487 crore worth liqour during onam
candidate selection for Pala by-election is an internal matter of KC(M): Chandy
INTERNATIONAL NEWS
Netanyahu''s rival Gantz says he should be PM in unity government
 Jerusalem: Benjamin Netanyahu''s main challenger Benny Gantz on Thursday presented himself as the ne
Tunisia''s ex-president Ben Ali dies in exile
Israel election: Netanyahu trails by a seat with majority votes counted
MODI Pak refuses India''s request to open airspace for PM Modi citing ''situation in Kashmir''
NATIONAL NEWS
We have to hug each Kashmiri, create new paradise: Modi
 Nashik: Blaming the Congress for the plight of Kashmiris for decades, Prime Minister Narendra Modi o
Azad, Ahmed Patel meet Chidambaram in Tihar jail
DRDO, Air Force successfully test-fire ''Astra'' missile
NGOs receiving substantial financing from govt come under RTI Act, says SC
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