YCLOAK

China’s Foreign Ministry said Monday that trade talks with the United States are impossible under current conditions.

The comment from spokesman Geng Shuang during a briefing with reporters came a day after U.S. President Donald Trump predicted there would be a resolution of the U.S.-China standoff on tariffs on hundreds of billions of dollars of goods the world’s two biggest economies are threatening to impose on each other.

“China will take down its Trade Barriers because it is the right thing to do,” Trump said, without offering any direct information. “Taxes will become Reciprocal & a deal will be made on Intellectual Property. Great future for both countries!”

Regardless, Trump said that he and Chinese President Xi Jinping “will always be friends, no matter what happens with our dispute on trade.”

The threats Washington and Beijing have lobbed at each other in recent days have rattled world stock markets, with wide swings of hundreds of points in stock indexes.

U.S. stocks plunged more than 2 percent Friday after Trump threatened to impose tariffs on an additional $100 billion worth of Chinese goods beyond the $50 billion worth of products he had already said would be affected.

Beijing responded in kind, saying it would impose tariffs on U.S. goods “until the end at any cost.”

Both countries have published lists of goods they intend to tax, with the U.S. hitting steel and aluminum imports from China, along with aerospace, tech and machinery goods. Other levies would target medical equipment, medicine and educational materials.

China said it would impose tariffs on more than 100 U.S. products, including soybeans, wheat, corn, beef, tobacco, vehicles, plastic products and an array of other items.

U.S. Treasury Secretary Steven Mnuchin told CBS News that the threat of higher tariffs posed the risk of a trade war but that he does not expect one to materialize.

“Our expectation is that we don’t think there will be a trade war. Our objective is to continue to have discussions with China. I don’t expect there will be a trade war. It could be, but I don’t expect it at all,” he said.

Mnuchin said that Trump and Xi have a “very close relationship” and that the two countries would continue to discuss trade issues.

A key U.S. lawmaker, Republican Sen. Lindsey Graham of South Carolina, told ABC News, that U.S. businesses and consumers could inevitably be hurt if China imposes tariffs on U.S. products.

“There is no way for us to address China without absorbing some pain here,” Graham said. “To those who believe that China is cheating, what idea do you have better than Trump?”

Gary Hufbauer, a senior fellow at the Washington-based Peterson Institute for International Economics, told VOA that Trump and his top administration officials recognize that the tariffs from both sides would be “very damaging to both economies.”

“The short-term impact would be highly adverse,” he said. “Both sides have a lot to gain by negotiations rather than actually implementing a tariff war.”
…

Russia said Monday it will support companies hit by fresh U.S. sanctions as Russian stocks dropped and shares in aluminum producer Rusal plummeted.

Deputy Prime Minister Arkady Dvorkovich said in comments reported by state news agencies that Russia is prepared to back the companies if their positions worsen.

“We have a very attentive approach to our leading companies. They mean thousands of employees and very important jobs for our country,” he was quoted as saying by the TASS agency.

Shares in Rusal, which is controlled by billionaire businessman Oleg Deripaska, plunged just over 50 percent on the Hong Kong stock exchange Monday.

Rusal said the sanctions “may result in technical defaults in relation to certain credit obligations.”

“The company’s initial assessment is that it is highly likely that the impact may be materially adverse to the business and prospects of the group,” Rusal said in a statement.

Deripaska controls a business empire with assets in aluminum, energy and construction. He has figured in Russian election-meddling investigations in the U.S. due to his ties to former Donald Trump campaign chairman Paul Manafort, who once worked as his consultant. The 55-year-old Deripaska is worth $5.3 billion, according to Forbes magazine.

On the Moscow stock exchange, the flagship MOEX index traded down over 6.5 percent as of early Monday afternoon, having partially recovered from a steeper slump which took the index down almost 10 percent. Metals companies were among the main losers.

The euro traded above 73 rubles for the first time since September 2016, while the dollar neared the 60-ruble mark.

The U.S. Treasury Department on Friday announced sanctions against seven leading Russian businessmen, 17 officials and a dozen Russian companies.

Besides Deripaska, targets included Alexei Miller, the head of state natural gas giant Gazprom, and Andrey Kostin, the head of the state-controlled VTB Bank, which is Russia’s second-largest.

There was also a place on the list for Kirill Shamalov, who is reportedly Putin’s son-in-law, married to his daughter Katerina Tikhonova, although neither Putin nor the Kremlin have acknowledged that she is his daughter. In 2014, Shamalov acquired a large share of Russian petrochemical company Sibur, later selling most of his stake for an undisclosed sum.
…

U.S. President Donald Trump predicted Sunday there would be a resolution of the U.S.-China standoff on tariffs on hundreds of billions of dollars of goods the world’s two biggest economies are threatening to impose on each other.

The U.S. leader said, without offering any direct information, that “China will take down its Trade Barriers because it is the right thing to do.”

Trump said that “taxes will become Reciprocal & a deal will be made on Intellectual Property. Great future for both countries!”

Regardless, Trump said that he and Chinese President Xi Jinping “will always be friends, no matter what happens with our dispute on trade.”

The threats Washington and Beijing have lobbed at each other in recent days have rattled world stock markets, with wide swings of hundreds of points in stock indexes.

U.S. stocks plunged more than 2 percent Friday after Trump threatened to impose tariffs on an additional $100 billion worth of Chinese goods beyond the $50 billion worth of products he had already said would be affected.

Beijing responded in kind, saying it would impose tariffs on U.S. goods “until the end at any cost.”

Both countries have published lists of goods they intend to tax, with the U.S. hitting steel and aluminum imports from China, along with aerospace, tech and machinery goods. Other levies would target medical equipment, medicine and educational materials.

China said it would impose tariffs on more than 100 U.S. products, including soybeans, wheat, corn, beef, tobacco, vehicles, plastic products and an array of other items.

U.S. Treasury Secretary Steven Mnuchin told CBS News that the threat of higher tariffs posed the risk of a trade war but that he does not expect one to materialize.

“Our expectation is that we don’t think there will be a trade war. Our objective is to continue to have discussions with China. I don’t expect there will be a trade war. It could be, but I don’t expect it at all,” he said.

Mnuchin said that Trump and Xi have a “very close relationship” and that the two countries would continue to discuss trade issues.

A key U.S. lawmaker, Republican Sen. Lindsey Graham of South Carolina, told ABC News, that U.S. businesses and consumers could inevitably be hurt if China imposes tariffs on U.S. products.

“There is no way for us to address China without absorbing some pain here,” Graham said. “To those who believe that China is cheating, what idea do you have better than Trump?”
…

Taiwan says it regrets that the “one China” policy insisted on by Beijing prevents it from providing much needed development aid to most countries in Africa.

Taiwan was in a relatively good diplomatic position in Africa several years ago. Taiwan’s Deputy Secretary-General for International Cooperation and Development, Pai-po Lee, says this made it possible for those countries that had diplomatic relations with Taiwan to benefit from his agency’s aid projects.

“Previously, we have over nine countries with Taiwan. For instance, Senegal, the Gambia, Chad, Niger, Liberia, Central Africa — also Sao Tome Principe… Six years ago, they still have relations with Taiwan. But, then they shifted to China,” said Pai-po Lee.

Lee says Taiwan had invested a lot in the African region. But, all that is now in the past. He says Taiwan currently maintains diplomatic relations with only two countries — Burkina Faso and Swaziland.

He says Taiwan has been running productive agricultural and livestock, as well as vocational and medical programs in Swaziland since 1975.

As for Burkina Faso, he says a successful irrigation project on the Kou River, which was started in 1967, ended in 1973. That was when Burkina Faso broke off relations with Taiwan in favor of China.

But Lee tells VOA Burkina Faso restored ties with Taiwan in 1994. He suggests the lure of billions of dollars in Chinese aid was not strong enough to keep this impoverished country within Beijing’s diplomatic orbit.

“It is… coming from the Burkina Faso people. To think about the 1967 in Kou River, this 1967. They had quite a good memory of that… So, the people urged the government to restore the relations with Taiwan. So, that pressure comes from the people,” said Lee.

Since resuming development work in Burkina Faso, the Taiwanese development official says the country’s irrigation system has been expanded. He says a program is ongoing to train local nurses and medical doctors and an infant and maternal health program is having great success in reducing both maternal and infant deaths.

This story was written by VOA’s Lisa Schlein

 
…

The U.N. secretary-general and the Singaporean foreign minister voiced concerns about global trade tensions and rising protectionism during back-to-back meetings in Beijing on Sunday.

Following remarks from his Chinese counterpart, Singaporean Foreign Minister Vivian Balakrishnan vowed to “double-down” on free trade and economic liberalization in tandem with China.

“This is a time in the world where the temptation to embark on unilateralism and protectionism is unfortunately rising,” Balakrishnan said.

In a separate meeting, Secretary-General Antonio Guterres called China “absolutely crucial” in the international system.

“You mentioned reform and opening up — it’s so important in a moment when some others have a policy of closing up,” Guterres told Chinese Foreign Minister Wang Yi.

“The solutions for these problems are not to put globalization to question, but to improve globalization. Not isolation or protectionism, but more international cooperation,” Guterres said.

The comments came as China and the U.S. exchanged escalating tariff threats in what is already shaping up to be the biggest trade battle for more than a half century.

Beijing vowed Friday to “counterattack with great strength” if President Donald Trump follows through on threats to impose tariffs on an additional $100 billion in Chinese goods.

Trump’s announcement followed China’s decision to tax $50 billion in American products, including soybeans and small aircraft, in response to a U.S. move this week to impose tariffs on $50 billion in Chinese goods.

The U.S. bought more than $500 billion in goods from China last year and now is planning or considering penalties on some $150 billion of those imports. The U.S. sold about $130 billion in goods to China in 2017 and faces a potentially devastating hit to its market there if China responds in kind.

In the meetings, Wang attacked what he called “protectionism and unilateralism,” though he didn’t single out the U.S. by name.

“China will safeguard the principles of free trade and oppose protectionism,” Wang said. “We should push forward with economic globalization.”

Wang was welcoming both officials ahead of their planned appearances at the annual Boao Forum for Asia, a Chinese-sponsored annual gathering for political and economic elites on tropical Hainan Island.

Guterres will meet President Xi Jinping later Sunday and also plans to visit the China Peacekeeping Police Training Center.

Balakrishnan is traveling with Singaporean Prime Minister Lee Hsien Loong on the first of a five-day visit to China.

This story was written by the Associated Press

 
…

Some 30 percent of Air France flights were cancelled Saturday as strikes over pay rises appear to be intensifying.

And that’s just part of France’s travel troubles this month. Most French trains will screech to a halt as a strike over President Emmanuel Macron’s economic reforms resumes Saturday night – a strike that is set to last through Monday.

Screens at Paris’ Charles de Gaulle Airport showed red “cancelled” notes next to multiple flights Saturday, as families around France and Europe headed off on spring vacations.

The one-day Air France walkout is affecting international and domestic travel, notably a quarter of flights at Paris’ Charles de Gaulle and Orly airports. Air France is urging passengers to check the status of their flights before coming to the airport and offering to change tickets for free.

It’s the fifth Air France strike since February, and the number of cancelled flights is rising. Unions this week announced more strikes this month to coincide with national rail walkouts.

Air France unions want 6 percent pay raises after years of salary freezes. Air France is offering 1 percent raises, saying anything higher will hurt its turnaround efforts.

The strikes have been costing Air France some 20 million euros ($24.6 million) a day and have hurt its share price.

Meanwhile, the SNCF national railway announced that 80 percent of high speed trains and two-thirds of regional trains will be canceled starting Saturday night as unions stage another two-day walkout.

About a quarter of Eurostar trains to London will be cancelled, and no trains were expected to run at all to Switzerland, Spain or Italy.

It’s part of three months of rolling train strikes seen as the biggest challenge to Macron since he took office last year. Rail unions are angry at plans by Macron’s government to abolish a generous benefits system that gives train workers jobs for life.

Both the government and unions are holding firm despite continuing negotiations. France prides itself on its railways, seen as a pillar of public service.

Macron argues that the special status for train workers is no longer tenable in a globalized and increasingly automated economy. It’s part of his broader plans to overhaul the French economy to make it more competitive.
…

Following the success of West Virginia teachers in securing a pay raise, educators in Oklahoma and Kentucky are walking out of their classrooms, demanding that lawmakers increase education spending in their states. Arizona teachers may soon follow suit. From Washington, VOA’s Jill Craig has more.
…

Federal law enforcement authorities are in the process of seizing Backpage.com and its affiliated websites.

A notice that appeared Friday afternoon at Backpage.com says the websites are being seized as part of an enforcement action by the FBI, U.S. Postal Inspection Service and the Internal Revenue Service.

The notice doesn’t characterize or provide any details on the nature of the enforcement action.

It says authorities plan to release information about the enforcement action later Friday.

Backpage.com lets users create posts to sell items, seek a roommate, participate in forums, list upcoming events or post job openings.

But Backpage.com also has listings for adult escorts and other sexual services, and authorities say advertising related to those services has been extremely lucrative.

This story was written by the Associated Press.
…

The Trump administration is considering ways to require imported automobiles to meet stricter environmental standards in order to protect U.S. carmakers, The Wall Street Journal reported Friday.

Responding to the story, White House spokeswoman Sarah Huckabee Sanders said President Donald Trump “will promote free, fair and reciprocal trade practices to grow the U.S. economy and continue to [bring] jobs and manufacturers back to the U.S.”

Citing unnamed senior administration and industry officials, the Journal said Trump had asked several agencies to pursue plans to use existing laws to subject foreign-made cars to stiff emission standards.

It appears such nontariff barriers could have a greater potential effect proportionately on European automakers, which collectively import a greater percentage of cars from plants outside the U.S., according to sales figures from Autodata.

In comparison, Japanese and Korean brands made about 70 percent of the vehicles they sold last year in the United States at North American plants. European brands built only 30 percent in North America.

The White House initiative was still in the planning stage, with officials at the U.S. Environmental Protection Agency working to craft a legal justification for the policy, the paper said. It said there were hurdles to its implementation, including opposition from some in the administration.

The EPA and the Commerce Department, which the newspaper said was also involved in the effort, did not immediately respond to requests for comment from Reuters. Neither did representatives for Ford, General Motors or Fiat Chrysler.

This story was written by Reuters.
…

U.S. President Donald Trump and his administration said Friday that the United States was not engaged in a trade war with China, even as Trump threatened to impose tariffs on an additional $100 billion worth of Chinese goods and Beijing warned it was willing to fight back.

“This is just a proposed idea, which will be vetted by USTR [the U.S. trade representative], and then open for public comment, so nothing has happened, nothing has been executed,” said White House chief economic adviser Larry Kudlow amid growing concerns about escalating rhetoric between Washington and Beijing.

The economic adviser said Beijing’s theft of intellectual property was “at the root” of U.S. concerns and added “we can’t allow them [China] to steal our technology, because when they steal our technology, they are stealing the guts of the American future.” 

Leaders have good relationship

​The adviser stressed Trump and Chinese President Xi Jinping have a good relationship, and “ongoing talks may solve a lot of problems, but we are serious. I just really underscore this, we are serious.”  

The White House blamed China for trade practices it said were illegal and unfair. 

“China created this problem, and the president is trying to put pressure on them to fix this, and take back some of the terrible actions that they’ve had in the last several decades,” said White House press secretary Sarah Huckabee Sanders during a briefing on Friday.

The U.S. and China are in routine contact, but “this is a negotiation period, that’s why it doesn’t happen immediately, and there’s a process, and we’re going through that process,” said Sanders. 

China offers warning

Meanwhile, Beijing showed no intention of backing down. 

 “China is already fully prepared. If the United States announces an additional $100 billion list of tariffs, we will not hesitate to immediately make a fierce counterstrike. We are not ruling out any options,” said China’s Commerce Ministry spokesman, Gao Feng.

“Under these conditions, it’s even more impossible for both sides to conduct any negotiations on this issue,” Gao added. 

In a Twitter post Friday morning, Trump continued to protest China’s trade practices and the World Trade Organization:

On Thursday, Trump announced he had instructed the U.S. trade representative to consider whether tariffs on another $100 billion of Chinese goods would be appropriate after China issued a list of U.S. goods, including soybeans and small aircraft, worth $50 billion for possible tariff hikes.  The United States had proposed tariffs on $50 billion worth of Chinese goods earlier this week. 

Last month, after a monthslong investigation under Section 301 of the Trade Act of 1974, the U.S. trade representative determined that China had repeatedly engaged in unfair trade practices to obtain America’s intellectual property and pressure technology transfer from U.S. companies to Chinese entities.  

Tariffs a tactic? 

Julian Evans-Pritchard, senior China economist at Capital Economics, told VOA it was unclear when and whether the threatened tariffs would be imposed.

“It seems likely the tariffs are being used as a negotiating tactic to try to get concessions from the Chinese side in terms of market access for U.S. firms and protection of its intellectual property, so there’s still a possibility that these tariffs will never come into force,” he noted. 

While it was not a surprising the White House pushed back against China’s retaliatory threats, some experts were surprised by how swiftly it did, according to Riley Walters, Asia economy and technology policy analyst at the Heritage Foundation.

Walters cautioned it was a risky move to use tariff threats as a negotiating tactic because it can affect lives and income of Americans.

Expect more rhetoric

​If the tariffs go into effect, “what it could mean is both increasing cost for American consumers, but also an uncompetitive edge for American exporters to China. If you are a soybean producer, and if your goods go up 25 percent in China, then you are less price competitive than other exporters to China of soybeans,”  Walters said.

Walters expects more rhetoric between the White House and China in the coming weeks. Evans-Pritchard predicted that if the USTR published another list of goods worth $100 billion to be subjected to tariffs, China would respond with the same measures.  

“Once we started talking about $150 billion — which would be what’s on the cards, given the $50 billion existing tariffs plus $100 billion proposed — basically that is all of China’s goods imported from the U.S. So it will start looking elsewhere to retaliate,” Evans-Pritchard said.  

This story was written by VOA’s Peggy Chang. Jingxun Li of VOA’s Mandarin service contributed to this report.

 
…

U.S. stocks plunged again Friday over increasing concerns about a trade war between the United States and China.

The Dow Jones industrial average lost 572 points by the close, shedding 2.3 percent. The Standard & Poor’s 500 dropped nearly 2.2 percent, while the NASDAQ fell nearly 2.3 percent at the end of trading.

Earlier Friday, President Donald Trump continued to protest China’s trade practices after threatening China on Thursday with increased tariffs on $100 billion worth of additional goods.

In a twitter post Friday, Trump said, “China, which is a great economic power, is considered a Developing Nation within the World Trade Organization. They therefore get tremendous perks and advantages, especially over the U.S. Does anybody think this is fair. We were badly represented. The WTO is unfair to U.S.”

China’s commerce ministry said in a statement Friday that if Washington persisted in what Beijing described as protectionism, China would “dedicate itself to the end and at any cost and will definitely fight back firmly.”

Since the start of this week, the United States and China have been engaging in a tit-for-tat trade spat.

Early in the week, the United States proposed tariffs on $50 billion worth of Chinese goods. China then said it would impose tariff hikes on $50 billion worth of U.S. goods, including soybeans and small aircraft. On Thursday, Trump announced he had instructed the U.S. trade representative to consider whether tariffs on another $100 billion worth of Chinese goods would be appropriate.

‘China created this problem’

The White House blamed China on Friday for trade practices it said were illegal and unfair. 

“China created this problem, and the president is trying to put pressure on them to fix this, and take back some of the terrible actions that they’ve had in the last several decades,” said White House press secretary Sarah Huckabee Sanders during the daily briefing Friday.

Despite Trump’s threats for more sanctions, he has insisted the U.S. is not engaged in a trade dispute with the Asian nation.

U.S. stocks also were affected this past Monday by Trump’s new verbal attack on giant online retailer Amazon.

Since Trump started his criticism of Amazon, the company has lost more than $37 billion in market value.
…

A teachers strike in Oklahoma stretched into a fifth day on Friday, and a state union leader said he doesn’t think pending proposals to increase revenue are enough to stop the walkout from extending into next week.

The Senate considered separate proposals Friday to expand tribal gambling and tax certain internet sales that are expected to generate roughly $40 million annually.

But Oklahoma Education Association Executive Director David Duvall says he doesn’t think those are enough to keep teachers from walking out again next week.

“Our members know their needs, and they’re going to tell us when it’s enough,” Duvall said. “I anticipate that we’ll be back up here on Monday.”

Senate Floor Leader Greg Treat, a key negotiator on the budget, said he had not met with education union leaders and didn’t know what it would take to resolve the situation.

“I’m not the one who started the walkout, so I’m not the person to ask,” said Treat, a Republican from Oklahoma City.

Oklahoma is the second state where teachers have gone on strike this year. West Virginia teachers won a 5 percent pay increase after striking for nine days.

Oklahoma’s Republican Gov. Mary Fallin has faced the brunt of criticism from teachers, many of whom blame the term-limited governor for supporting tax cuts and generous state subsidies for businesses that have led to declines in state funding for schools and other state services. The governor further raised the ire of teachers after an interview this week in which she likened striking teachers to a “teenage kid that wants a better car.”

Dozens of protesters inside the packed Capitol responded Wednesday by jangling their keys in the Capitol rotunda and chanting “Where’s our car?”

And when Fallin took the state airplane to a business opening in McAlester, about 140 miles (225 kilometers) southeast of Oklahoma City, several protesters were on hand at the airport to jeer her.

“It just seems like there’s a large lack of understanding on her part,” said Jennifer Smith, an elementary school teacher from Tulsa who held a sign comparing Fallin to Dolores Umbridge, the villainous schoolmarm from the popular Harry Potter series.

Fallin, a lame-duck governor in her final year, has had scant success in recent years pushing her agenda, despite overwhelming GOP majorities in both chambers. Her proposal last year to generate revenue for teacher raises by broadening the sales tax fell flat in the Legislature. She focused her final State of the State address this year on endorsing a tax-hike package dubbed “Step Up” that was supported by civic and industry leaders, but the measure never made it out of the House.

Ultimately, the governor signed legislation last week granting teachers pay raises of about $6,100, or 15 to 18 percent, as well as tens of millions of new dollars for public schools. But many educators said classrooms need more money, joining a movement of teachers that has ignited protests in other Republican-led states including West Virginia, Kentucky and Arizona.

Many teachers already are back at work, especially in rural communities where local boards didn’t vote to shut down. But the state’s two largest school districts, Oklahoma City and Tulsa, announced plans to close for a fifth day on Friday.

This story was written by the Associated Press.
…

Technology that once promised freedom from the confines of an office has, for many workers, become a ball and chain, blurring the lines between work hours and, well, any other hours. A New York City Council member wants to put a stop to that.

The proposal would bar employers from requiring employees to respond to non-emergency emails, texts and other digital communications outside regular work hours. It would also outlaw retaliating against workers who choose to unplug.

The recently introduced legislation is only in the beginning stages, with initial committee hearings expected sometime in June, and doubters wonder how it could work, especially in always-buzzing New York City.

But bill sponsor Rafael Espinal, a Democrat who represents parts of Brooklyn, said the legislation is needed because the city that never sleeps isn’t supposed to be the city that never stops working.

“Work has spilled into our personal lives,” he said. “We’re always connected to our phones or to a computer once we leave the office.”

It’s important, he said, for people to be “able to draw a clear line between the workplace and their personal lives, to give them time to connect with their family, friends, reduce their stress levels and be able to go back to work and perform at their optimal level.”

The legislation would cover private companies with more than 10 employees. There would be exemptions for certain types of jobs that require people to be on call. Barring emergencies, bosses wouldn’t be able to demand that workers check work emails or messages in off hours.

Companies that violated the rule would face fines of at least $250 per incident.

Espinal said he was inspired by a French law that took effect this year that gave employees the right to ignore off-hour communications.

Employers who wanted to return a communication could do so.

“If you love your job and you love what you’re doing, I highly doubt that you will stop working,” Espinal said.

The bill would be intended to make life better for people like Arlene Pitterson, a marketing and event planning consultant in Brooklyn, who recalled one boss routinely pestering her with late-night emails, then getting upset when she didn’t reply.

It was among the conditions that led her to working for herself, in which she now sets her own boundaries about when she’ll respond to people.

“The fact that we have to get to a point where we have a law about it is unfortunate, but it’s necessary,” said Pitterson, 40.

“Technology has allowed us to work from anywhere at any time,” she said. “It’s now about being able to control the instruments so that we can still have a life.”

The reality, though, is that the world has become a 24/7 place, and adhering to a policy like the one Espinal is proposing would be detrimental to a company’s competitiveness, said labor lawyer Louis DiLorenzo of Bond, Schoeneck & King, who has spent years representing management and employers.

“The problems are going to be tremendous,” DiLorenzo said. “I just don’t think you can legislate against progress.”

He also questioned how it would be enforced, and how an emergency would be defined.

“I can’t think of a business that we represent that there aren’t times where a lot of people wouldn’t think of them as emergencies, but the client does,” he said.

David Weinman, president of Fabco Shoes, a chain of more than 40 stores in New York City and New Jersey that employs 190 people, sees the proposal it as government overreach.

“I think the city needs to get out of everyone’s hair,” said Weinman, 61. “Regulations are great when they don’t make everything you do more complicated.”

He said he sends emails to employees on their off days or outside of work hours, but usually to make sure he doesn’t forget to send it at a later time, and he’s not looking for responses when they’re not working.

“I don’t know anyone who retaliates against employees because they don’t answer emails,” he said.

This story was written by the Associated Press.
…

The U.S. Labor Department reported Friday the unemployment rate in March remained at a 17-year-low of 4.1-percent for the sixth straight month.

U.S. employers added 103,000 jobs in March, less than the 175,000 analysts expected, following several months of larger increases. The modest job creation was partly caused by the loss of 15,000 construction jobs and 4,400 retail positions. There were job gains in manufacturing, health care, mining and other sectors, but the rate of those increases slowed.

Average hourly wages climbed in March and were 2.7 percent higher than they were a year ago.

Although fewer jobs than expected were added in March, the U.S. economy appears to be healthy. The recovery from the Great Recession that ended in 2009 is now the second-longest expansion since the mid-19th century.
…

Venezuela said on Thursday it was halting commercial relations with Panamanian officials and companies, including regional airline Copa, for alleged involvement in money laundering, prompting Panama to recall its ambassador.

The resolution names Panamanian President Juan Carlos Varela and nearly two dozen Cabinet ministers and top-ranking officials, adding that Panama’s financial system had been used by Venezuelan nationals involved in acts of corruption.

Venezuela said the individuals named in the resolution “present an imminent risk to the [Venezuelan] financial system, the stability of commerce in the country, and the sovereignty and economic independence of the Venezuelan people.”

The statement came a week after Panama declared President Nicolas Maduro and about 50 Venezuelan nationals as “high risk” for laundering money and financing terrorism.

Caracas did not detail whether the move would halt the operations of Copa in Venezuela, which is one of the crisis-stricken country’s few providers of international flights following a sharp reduction in airline services.

Copa’s website showed its planned Panama City-Caracas flight later Thursday was canceled. Copa flights Friday between the two cities were listed as scheduled.

The company did not respond to a request for comment.

Panama’s Varela, in brief comments to reporters Thursday, described the Venezuelan announcement as nonsensical.

“We have not heard anything about breaking relations but rather about a set of supposed sanctions, it’s gibberish,” Varela said.

The South American country has been hit with sanctions by Canada, the United States and a number of other countries over issues ranging from human rights violations to corruption and drug trafficking.

Maduro says the country is victim of an “economic war” led by his adversaries with the help of Washington, and says the sanctions are part of foreign countries’ efforts to undermine his government.

This story was written by Reuters.
…

Johnson & Johnson and Imerys SA must pay at least $37 million in a lawsuit claiming a man developed cancer because of his exposure to asbestos in

talc-based products including Johnson’s Baby Powder, a New Jersey state court jury said Thursday.

The verdict by jurors in New Brunswick, New Jersey, came in the second trial nationally to center on claims that J&J’s talc products contained asbestos as the company separately fights thousands of cases claiming they can also cause ovarian cancer.

The verdict came in a lawsuit by Stephen Lanzo, who alleged that he developed mesothelioma after inhaling dust that was generated through his regular use of J&J talc powder products since his birth in 1972.

Mesothelioma is a deadly form of cancer closely associated with exposure to asbestos. It affects the delicate tissue that lines body cavities, most often around the lungs, but also in the abdomen and elsewhere.

The jury awarded Lanzo $30 million and his wife $7 million. It found J&J was responsible for 70 percent of the damages and Imerys, its talc supplier, responsible for 30 percent.

The jury will return Tuesday for further proceedings to determine whether it should award punitive damages, according to an online broadcast of the trial by Courtroom View Network.

J&J denied the allegations and says that Johnson’s Baby Powder, which has been on the market since 1894, does not contain asbestos or cause mesothelioma or ovarian cancer.

“While we are disappointed with this decision, the jury has further deliberations to conduct in this trial and we will reserve additional comment until the case is fully completed,” Johnson & Johnson said in a statement.

Imerys did not immediately respond to a request for comment.

This story was written by Reuters.
…

U.S. President Donald Trump ratcheted up the trade war rhetoric with Beijing on Thursday, saying he had instructed the U.S. trade representative to consider tariffs on an additional $100 billion worth of Chinese goods.

The move came a day after China issued a list of U.S. goods, including soybeans and small aircraft, worth $50 billion for possible tariff hikes. Beijing’s response came after the U.S. proposed tariffs on $50 billion worth of Chinese goods earlier this week.

U.S. stock futures dropped on Trump’s latest trade directive. Dow futures fell and were down about 400 points in after-hours trading.

Financial markets have swung wildly over the past few days in response to fears of escalating trade tensions between Washington and Beijing.

“Rather than remedy its misconduct, China has chosen to harm our farmers and manufacturers,” Trump said.

Since the start of this week, the United States and China have been engaging in a tit-for-tat trade spat. On Monday, in response to earlier tariffs on steel and aluminum imposed by the Trump administration, China started tariffs of up to 25 percent on 128 U.S. products, including fruits, nuts, pork, wine, steel and aluminum.

Later on the same day, the USTR proposed to increase tariffs on 1,300 imported goods from China, mostly aerospace, medical and information technology products.

Less than 12 hours later, China said it would impose retaliatory duties of 25 percent on 106 politically sensitive American goods, including soybeans, automobiles and aircraft.

The proposed U.S. list is now entering a “public notice and comment process, including a hearing,” the USTR said. After this process is completed, the USTR will issue a final determination on the products subject to the additional duties.

China’s commerce ministry said the question of when the measures would go into effect would depend on when the U.S. tariffs became active.

China’s ambassador to the United States, Cui Tiankai, told reporters on Wednesday, “Negotiation would still be our preference, but it takes two to tango. We will see what the U.S. will do.”

A senior U.S. official told Reuters late Thursday that the United States was willing to negotiate with China on trade, but only if talks were serious, as previous attempts produced little progress.

No formal negotiating sessions have been set, but there have been “ongoing communications with the Chinese on trade,” said the official, who requested anonymity to discuss the Trump administration’s trade strategy.

Some information for this report came from Reuters.
…

President Donald Trump will make the case that the United States – and not China – should be the trade “partner of choice” for Latin America when he speaks at a regional summit next week, a senior administration official said on Thursday.

Trump is due to make his first visit to the region late next week to attend the Summit of the Americas in Lima, Peru. The trip comes as his government is waging a trade battle with China and pushing to overhaul the North American Free Trade Agreement.

“President Trump has been very clear … in terms of his economic policies that the Chinese economic aggression in the region has not been productive for the hemisphere and that the United States should remain the partner of choice for them,” the official told reporters on a conference call.

Substantive discussions on NAFTA are not expected at the summit, the official said.

Trump will deliver an address to the summit where he will talk about “shared values” in the hemisphere and the need to reduce drug trafficking, the official said.

It was unclear how much emphasis Trump would place on stopping illegal immigration from the region into the United States – one of his main promises in his presidential run for office.

Leading up to the summit, Trump announced this week he wants to post National Guard troops along the southern border with Mexico, and has also ramped up tough rhetoric against illegal immigrants from Honduras and other parts of Central America.

“I think the president is a very straight speaker. He speaks what’s on his mind,” the official said.

Trump also plans to address the crisis in Venezuela with regional leaders, the official said. But the U.S. government is still examining its next steps for sanctions on Venezuela with new announcements not expected for several months, the official said.

 
…

A new report shows large employers spent $2.6 billion to treat opioid addiction and overdoses in 2016, an eightfold increase since 2004. More than half went to treat employees’ children.

The analysis released Thursday by the nonpartisan Kaiser Family Foundation finds such spending cost companies and workers about $26 per enrollee in 2016.

Employers have been limiting insurance coverage of opioids because of concerns about addiction. The report finds spending on opioid prescriptions falling 27 percent from a peak in 2009.

Researchers analyzed insurance claims from employers with more than 1,000 workers. Most are self-insured, meaning they assume the financial risk.

Workers share the costs. Steve Wojcik of the National Business Group on Health says for every $5 increase, employers typically cover $4 and pass $1 to workers.
…

President Donald Trump said Wednesday the United States is not in a trade war with China, after Beijing announced plans to impose tariffs on $50 billion worth of U.S. goods in response to a similar package announced by the United States.

In a Twitter post Wednesday, Trump contended, “We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the U.S.” He added, “Now we have a Trade Deficit of $500 Billion a year, with Intellectual Property Theft of another $300 Billion. We cannot let this continue!”

On the same day, White House chief economic adviser Larry Kudlow told Bloomberg News, “None of the tariffs have been put in place yet, and these are all proposals.”

Commerce Secretary Wilbur Ross told CNBC, “Even shooting wars end with negotiations. … So it wouldn’t be surprising at all if the net outcome of all this is some sort of negotiation.”

Tit-for-tat trade spat

Since the start of this week, the United States and China have been engaging in a tit-for-tat trade spat. On Monday, in response to earlier tariffs on steel and aluminum imposed by the Trump administration, China started tariffs of up to 25 percent on 128 U.S. products, including fruits, nuts, pork, wine, steel and aluminum.

Later the same day, the U.S. Trade Representatives (USTR) proposed to increase tariffs on 1,300 imported goods from China, mostly aerospace, medical and information technology products.

Less than 12 hours later, China announced it plans to impose retaliatory duties of 25 percent on 106 politically sensitive American goods, including soybeans, automobiles and aircraft.

The proposed list is now entering a “public notice and comment process, including a hearing,” the USTR said. After this process is completed, the USTR will issue a final determination on the products subject to the additional duties.

China’s commerce ministry said the question of when the measures will go into effect will depend on when the U.S. tariffs become active.

China’s Ambassador to the United States Cui Tiankai told reporters on Wednesday, “Negotiation would still be our preference, but it takes two to tango. We will see what the U.S. will do.”

White House Press Secretary Sarah Huckabee Sanders reiterated at Wednesday’s press briefing that this measure is now going through the review process, and “it will be a couple of months before tariffs on either side would go into effect and be implemented.”

“We’re hopeful China will do the right thing. Look, China created the problem, not President Trump. We’re finally having a president who’s willing to stand up and say enough is enough, we’re going to stop the unfair trade practices,” Sanders said.

She also warned if China doesn’t stop the unfair trade practices, the administration will move forward to the next step.

Already in a trade war

Scott Kennedy, deputy director of the Freeman Chair in China Studies at the Center for Strategic and International Studies, said he believes that the U.S. and China are already in a trade war.

“It started several weeks ago when the United States instituted penalties on Chinese steel and aluminum, and then the Chinese responded with penalties that also went into effect, so we haven’t just put our guns on the table, we’ve actually pulled the trigger. In the last few days, we’ve announced additional tariffs that will come into effect in the coming weeks. If this isn’t a trade war, I don’t know what one is,” Kennedy told VOA.

​Farming first to be hit

At the frontline of this war is America’s farming industry.

China, which buys nearly $20 billion in U.S. agricultural products annually, has become one of the most important export markets for U.S. farmers, but many agricultural products, including soybeans, cotton, frozen beef and sorghum, will be subject to tariffs if it goes into effect.

American Farm Bureau Federation Policy Communications Director Will Rodger told VOA, “Right now, we export about 20 percent of what we produce. We are very, very dependent on exports. We are looking at 25 percent being placed on soybeans into China.

“The actual economic impact will not be good, it will certainly be bad, the question is how large it’s going to be, we don’t know exactly,” Rodger said.

He said farm income is already at a 16-year low, resulting in many farmers in economic distress.

“While we haven’t reached the crisis point, we have one or two more years of declining income, we will be there pretty quickly,” he noted.

Rodger said the current trade dispute is obviously not a good thing. 

“We need it to stop, we need China and the United States to sit down and come up with a reasonable agreement in a reasonable fashion,” he added.

Losses in the short term

If the tariffs go into effect, China trade expert Kennedy pointed out, there will be potential job losses by the reduced export opportunities, but the most important impact in the short term will be on the financial markets.

Kennedy said the trade dispute between the U.S. and China is not about how fast this is resolved, but the way it is resolved.

“The issues the Trump administration has raised are issues American presidents have raised with China for almost two decades now, and not made the progress that they want. We shouldn’t be looking for a quick deal and put this behind us, we should be ready for a sustained level of tension until China relents,” he said.

Kennedy said China won’t do that easily. 

“China has an economic governance system which is distinctive and critical to the way the Communist Party runs the country, so it’s going to take a lot for them to move fundamentally,” he said.

“The two sides may make some type of short term deal to address superficially the challenges, but this is not something that will go away in the next few weeks,” Kennedy added.

State Department correspondent Nike Ching contributed to this report.

 
…

Wall Street’s three major indexes staged a comeback to close around 1 percent higher Wednesday as investors turned their focus to earnings and away from a trade conflict between the United States and China that

wreaked havoc in earlier trading.

After investors fled equities in the morning because of proposed retaliatory tariffs from China, their concerns about a potential trade war eased by the afternoon after President Donald Trump’s top economic adviser, Larry Kudlow, said the administration was in a “negotiation” with China rather than a trade war.

Investors said they were comforted by the fact that any tariffs would not take effect immediately, if at all.

Strategists also cited the Standard & Poor’s bounce above a key technical

support level and said they expected equities to rise further around the first-quarter earnings season, due to start in mid-April.

“We’re starting to feel that while markets hate uncertainty, Trump’s bark is worse than his bite when it comes to trade,” said Robert Phipps, a director at Per Stirling Capital Management in Austin, Texas. 

“It’s earnings that’s going to lift us off this bottom. It wouldn’t shock me if we chopped around sideways for a little bit before earnings season. … The trade stuff is really a sideshow. We’re waiting for real economic data, like the jobs report Friday, and for earnings. For now, it’s going to be all about the technicals,” he said.

A rebound

The S&P opened below its 200-day moving average, a key technical level, but inched above it as the session progressed, and by afternoon was in positive territory.

The Dow Jones industrial average rose 230.94 points, or 0.96 percent, to close at 24,264.30; the S&P 500 gained 30.24 points, or 1.16 percent, to 2,644.69; and the Nasdaq Composite added 100.83 points, or 1.45 percent, to 7,042.11.

The turnaround marked the first time the S&P had showed gains for two consecutive days since early March.

Despite big swings in stocks, trading activity in U.S. equity options was muted as expectations for strong corporate earnings quelled the urge to load up on contracts that benefit from a surge in market volatility.

The CBOE Volatility Index, the most widely followed barometer of expected near-term volatility for the S&P 500, closed down 1.04 points at 20.06.

The technology sector rose 1.4 percent with only two of its stocks ending the day in negative territory, including Facebook Inc., which was pummeled after news its chief executive would testify in Congress over a data privacy scandal.

It too closed well off its session low with a 0.6 percent drop to $155.10.

Boeing was the biggest drag on the Dow because of its exposure to China, and ended the day well off its session lows with a 1 percent decline to $327.44 after falling as low as $311.88.

Farm machinery company Deere & Co ended down 2.9 percent at $148.57 as it could be hurt by China tariffs if its customers’ exports are curbed.

After being a laggard for much of the session, the S&P 500’s industrials sector turned positive late in the day to close 0.4 percent higher.

Advancing issues outnumbered declining ones on the NYSE by a 2.19-to-1 ratio; on Nasdaq, a 2.95-to-1 ratio favored advancers.

The S&P 500 posted one new 52-week high and eight new lows; the Nasdaq Composite recorded 40 new highs and 94 new lows.

Volume on U.S. exchanges was 7.04 billion shares, compared with the 7.3 billion average for the last 20 trading days.
…

A jury has awarded nearly $17 million to a former Ford engineer who sued the automaker for discrimination because he says two supervisors repeatedly berated and criticized him for his Arab background and accent.

The Detroit Free Press reports that a federal jury in Michigan ruled March 28 that Faisal Khalaf was subjected to workplace discrimination and retaliation after he reported the abuse. Khalaf was born in Lebanon.

The jury awarded Khalaf $15 million in punitive damages, $1.7 million in retirement and pension losses, and $100,000 for emotional distress for the actions of Ford supervisors Bennie Fowler and Jay Zhou.

A Ford representative says the company disagrees with the verdict and is pursuing options to get it “corrected.”

Ford has been criticized for workplace discrimination before, including in a December New York Times investigation into sexual harassment at two Chicago plants.
…

The possible closure of a major coastal tourism magnet in the Philippines for environmental cleanup will hurt business, but for a cause that helps everyone longer term, experts say.

President Rodrigo Duterte said via the presidential website in March he would place Boracay Island under a “state of calamity.” The island may be shut down for two to 12 months, Philippine media reports say, citing other statements from Duterte and cabinet members.

The government is “addressing wastewater issues through an improved sewerage system,” the country’s environment minister Roy Cimatu said in a March 27 statement.

Boracay, a 10.3-square-kilometer feature in the central Philippines, has been compared to Bali and other Asian beach resort hot spots. Its main white sand beach runs four kilometers, paralleled by a strip of at least 100 hotels.

“The Philippines has been very aggressive in its campaign to attract tourists… and Boracay is actually the No. 1 selling point of the tourism business in the Philippines,” said Maria Ela Atienza, political science professor at University of the Philippines Diliman.

“So it will really be a big blow to the tourism industry and we don’t know what will happen to these industries depending on Boracay, if they will continue if they can return to operation,” Atienza said.

Fear of closure

Government agencies have not finalized any closure of Boracay Island but dropped enough hints to prompt flight and hotel cancellations, analysts and operators report. Domestic media say arrivals in March were normal but expected a fall for this month.

Tourists who read “negative news” about Boracay are cancelling mid-year reservations, said a manager with Boracay Pito Huts, a 10-year-old group of villas for tourist groups on the island. Villa staff people may be asked to “take a vacation” if bookings don’t pick up, she said.

“As a preparation, of course we have to tighten our belts,” said the manager, who did not want to be named. “We are in the toilet. For June bookings or June tourists it’s nothing. That’s how we got affected.”

The Boracay Foundation, a business association with an environmental focus, declined comment for this report. A Department of Tourism representative said her office could make no statements on the possible closure.

Suspension of business would hurt a network of common Filipinos who sell souvenirs, prepare meals or drive tourists around the island, Atienza added.

Boracay generated $1.076 billion in tourism receipts last year, the local provincial tourism office said, as cited by the Philippine Information Agency, an increase of about 15 percent over 2016. Tourism was 8.6 percent of the Philippine GDP in 2016.

People and waste

Boracay has an ideal capacity of about half a million tourists per year, compared to its 2017 total of 2 million, the Department of Environment and Natural Resources said in an online video. More than 300,000 tourists reached the island in January and February this year, it said.

Travelers often visit Boracay during the northern hemisphere winter to escape the cold in spots such as China, Russia and South Korea.

The island should review its “carrying capacity,” said Alicia Lustica, a coastal ecosystems cluster head with a department research Center. “We need also to assist also the volume of waste that has been generated and likewise how people are doing their activities on Boracay Island,” Lustica said in the video.

Sewage became an issue because some resorts treat their own inadequately or dump it into the sea, the domestic news website BusinessMirror.com said in January. It cites overbuilding and inadequate infrastructure as additional problems for Boracay.

The nongovernmental organization Global Coral Reef Alliance said more than 10 years ago sewage “from uncontrolled development” was hurting Boracay’s coral and fisheries.

The environment ministry also plans to do a “massive replanting” of trees on Boracay, the minister said in the March 27 statement.

Boracay renewal

A temporary closure would let Boracay clean itself up to become better for tourists, said Jonathan Ravelas, chief market strategist with Banco de Oro UniBank in Metro Manila.

“It’s going to hurt us, but I think moving forward we will probably see a lot of pent-up demand for Boracay — just like in any business a temporary renovation — and I think that’s how you should probably see what’s happening in Boracay,” he said.

Travelers would rather see a cleaner island, he added. Today Boracay-bound tourists must pay an environmental impact fee at a boat pier before stepping onto the island.

A cleaner Boracay would motivate other Philippine beach resort areas to protect their environments before they too face shutdown, Ravelas said. “You need the one example, and everybody will follow,” he said.

Duterte called Boracay a “cesspool” and ordered his government to fix problems in six months, the presidential office website says. The state of calamity, Duterte said, would let the government offer aid to people facing business losses.
…

China announced Wednesday it plans to impose tariffs on $50 billion worth of U.S. goods in response to a similar package announced by the United States.

The Chinese measures would boost tariffs by 25 percent on 106 U.S. products, including soybeans, aircraft and cars.

China’s commerce ministry responded with its own measures less than 11 hours after the U.S. issued a proposed list of Chinese goods. The ministry said the question of when the measures will go into effect will depend on when the U.S. tariffs become active.

U.S. President Donald Trump announced his intention to impose $50 billion in increased tariffs on Chinese products last month, and on Tuesday the U.S. Trade Representative released a proposed list of 1,300 goods including aerospace, medical and information technology products.

Subject to public review

That list will be subject to a public review process scheduled to run until late May.

“The total value of imports subject to the tariff increases is commensurate with an economic analysis of the harm caused by China’s unreasonable technology policies to the U.S. economy,” the USTR said.

The United States has accused China of pressuring foreign companies to hand over technology.

China’s Vice Minister of Commerce Wang Shouwen said Wednesday that accusation is groundless, and that while China wants to resolve the trade dispute through dialogue, if the United States continues the fight then China will too.

Unlike the U.S. list, which includes many obscure industrial goods, China’s list targets cotton, frozen beef, soybeans and other agricultural products that are produced in states from Iowa to Texas that favored Trump in the 2016 presidential election.

The U.S.-China dispute has fueled concern it could stymie a global economic recovery if other countries raise their own import barriers.

The prospect of a trade war between the world’s two largest economies has also worried stock market investors.  U.S. markets were set to open lower Wednesday.

Trump, however, dismissed the notion of a U.S.-China trade war on Wednesday, tweeting that previous U.S. administrations weakened the country’s ability to defend itself on trade matters.   

“We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the U.S. Now we have a Trade Deficit of $500 Billion a year, with Intellectual Property Theft of another $300 Billion. We cannot let this continue!”

Despite Trump’s claims, U.S. government figures show the U.S. had a $375 billion trade deficit with China at the end of 2017.
…