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U.S.-China trade war is rerouting U.S. import flows: report

FILE PHOTO: Aides set up platforms before a group photo with members of U.S. and Chinese trade negotiation delegations at the Diaoyutai State Guesthouse in Beijing
FILE PHOTO: Aides set up platforms before a group photo with members of U.S. and Chinese trade negotiation delegations at the Diaoyutai State Guesthouse in Beijing, China February 15, 2019. Mark Schiefelbein/Pool via REUTERS

April 10, 2019

By Lisa Baertlein

LOS ANGELES (Reuters) – President Donald Trump’s trade war with China has U.S. companies shifting purchases of tariff-targeted products like furniture, refrigerators and car tires to countries such as Vietnam, South Korea, Taiwan and Mexico, according to a new analysis released on Wednesday.

Trump’s decision to slap tariffs of 10 to 25 percent on about $250 billion of Chinese goods has roiled U.S. retailers and manufacturers, who are scrambling to avoid potentially crippling cost increases.

Overall U.S. imports of containerized freight from China fell 6.4 percent during the first quarter as buyers worked off product stockpiled ahead of tariff increases and rerouted orders to lower-cost countries, S&P Global Market Intelligence’s trade data firm Panjiva said in the report.

U.S. imports of Chinese-made furniture by retailers such as IKEA, Home Depot, Target Corp and Room to Go fell 13.5 percent in the first quarter. That was partly offset by a 37.2 percent rise in shipments from Vietnam and a 19.3 percent increase in imports from Taiwan, Panjiva said.

The change also affected home appliances.

Imports of Chinese refrigerators fell 24.1 percent during the quarter, when shipments from South Korea and Mexico jumped 31.8 percent and 32 percent, respectively.

“A major factor in that shift has been a rearrangement in supply chains by Samsung Electronics and LG Electronics,” Panjiva said in the report.

The auto industry has also been rethinking trade routes.

Tire imports from China slumped 28.6 percent during the first three months of the year. At the same time, U.S. sea ports saw a 141.7 surge in product from Vietnam and an 11.1 percent increase in tire shipments from South Korea. Hankook Tire and Nexen are among the suppliers picking up the new business, Panjiva said.

U.S. companies are also shifting factory investments in the wake of the China trade tiff, which a trio of economists estimate has already cost U.S. consumers and companies $19.2 billion.

Ohio-based Cooper Tire & Rubber Co in December said it formed a joint venture with Sailun Vietnam Co Ltd. to build a truck and bus radial tire factory near Vietnam’s Ho Chi Minh City.

“We are excited about this addition to our manufacturing footprint, which diversifies our sourcing to protect against risk, including tariffs,” Cooper Chief Financial Officer Christopher Eperjesy said in February, when the company announced a $34 million write-down on the value of a joint venture manufacturing project in China.

(Reporting by Lisa Baertlein in Los Angeles; Editing by James Dalgleish)

Source: OANN

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Catalan officials charged with helping organize 2017 independence vote

FILE PHOTO: People take part in a rally of Catalan separatist organisations to protest at the trial of Catalan leaders and call for self-determination rights, in Madrid
FILE PHOTO: People take part in a rally of Catalan separatist organisations to protest at the trial of Catalan leaders and call for self-determination rights, in Madrid, Spain, March 16, 2019. REUTERS/Juan Medina/File Photo

April 9, 2019

BARCELONA (Reuters) – A Barcelona court on Tuesday charged 30 people with misuse of public funds over Catalonia’s 2017 independence referendum, a move that may worsen tensions between the region and Spain’s central government ahead of a nationwide election on April 28.

Catalonia’s stance is important as many polls suggest that Spain’s governing Socialists may need the backing of Catalan pro-independence parties to form a majority in Madrid.

The biggest issue in campaigning for the April 28 vote has been Madrid’s handling of Catalan discontent that led to the 2017 plebiscite and an ultimately abortive attempt to secede from Spain, with right-of-center parties calling for tougher action against the Catalan government in Barcelona.

In a separate trial that has been criticized by international rights groups, 12 Catalan pro-independence leaders face charges including rebellion and misappropriation of funds that could, if convicted, see them face decades in prison.

The trial was a big factor in Catalan pro-independence parties withholding support for Prime Minister Pedro Sanchez’s 2019 budget earlier this year, depriving him of votes needed to pass the plan and triggering an early national election.

The defendants in Tuesday’s court session include aides to leading politicians in Catalonia’s former pro-independence government. They face charges including misappropriation of funds and falsifying documents. Graver charges of rebellion and sedition, faced by the 12 now on trial, were not included.

The Barcelona court set joint bail at 5.8 million euros ($6.5 million) in total for 17 of the accused, an amount equal to the public funds allegedly misappropriated for the organization of the referendum, a court writ said.

Catalan pro-independence leader Quim Torra, speaking in a televised address on Tuesday, condemned the fresh charges.

“(This) authoritarian stand confirms an absence of judicial independence and political persecution,” he said in a statement, and added that Catalonia’s independence quest would continue.

No date was immediately set for the trial.

(Reporting by Sam Edwards; Editing by Mark Heinrich)

Source: OANN

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Student Newspaper Defames InfoWars Journalist as White Supremacist Sympathizer

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Source: InfoWars

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Mike Pence hits back at Pete Buttigieg after criticism: ‘He knows better’

Vice President Mike Pence fired back at Democratic presidential candidate Pete Buttigieg after the South Bend, Ind., mayor criticized the vice president for his belief that homosexuality is a choice.

"He said some things that are critical of my Christian faith and about me personally. And he knows better. He knows me," Pence told CNBC in an interview scheduled to air Thursday morning. "But I get it. You know, it’s – look, again, 19 people running for president on that side in a party that’s sliding off to the left. And they’re all competing with one another for how much more liberal they are."

Buttigieg, who is openly gay, discussed his sexual orientation during an event hosted by the LGBTQ Victory Fund last Sunday, saying: "If me being gay was a choice, it was made far, far above my pay grade ... That’s the thing that I wish the Mike Pence’s of the world would understand – that if you got a problem with who I am – your problem is not with me, your quarrel sir, is with my creator."

Pence, who was Indiana's governor when Buttigieg came out as gay during his mayoral re-election campaign in 2015, noted that he had implemented the Supreme Court's 2015 ruling that made gay marriage legal in all 50 states.

"But," the vice president added, "I have my Christian values. My family and I have a view of marriage that’s informed by our faith. And we stand by that. But that doesn’t mean that we’re critical of anyone else who has a different point of view."

Pence's wife, Karen, told The Brian Kilmeade Show on Fox News Radio on Tuesday that her husband and Buttigieg had "always had a good relationship," adding: "I think it’s helping Pete to get some notoriety by saying that about the vice president."

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She continued, "I think in our country we need to understand you shouldn’t be attacked for what your religious beliefs are and I think kids need to learn that at a young age that this is okay what faith people have, we don’t attack them for their faith."

In an apparent response to Karen Pence, Buttigieg tweeted: "People will often be polite to you in person while advancing policies that harm you and your family. You will be polite to them in turn, but you need not stand for such harms. Instead, you push back, honestly and emphatically. So it goes, in the public square."

Source: Fox News Politics

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The Latest: Police standoff on Atlanta-area freeway ends

The Latest on a freeway standoff outside Atlanta (all times local):

11:50 a.m.

Video from a TV news helicopter showed police pulling a man from a car — the apparent end to a lengthy standoff that played out in the middle of an Atlanta freeway.

More than a dozen police officers with guns drawn had filled four lanes of I-75 near Atlanta, bringing Friday morning traffic to a standstill.

Marietta police said an armed driver had stopped on the freeway and wasn't cooperating with officers. Police had followed the vehicle to I-75 since it matched the description from an armed robbery nearby.

Police said all southbound lanes of Interstate 75 were shut down as they tried to negotiate with the man by phone.

News photos showed that the man was alive as he was carried away by police. No injuries have been reported.

___

10:55 a.m.

More than a dozen police cars and officers standing outside with their guns drawn filled four lanes of a freeway near Atlanta, bringing traffic to a standstill as they confronted an armed motorist.

Marietta police said in a brief statement that a driver stopped on the freeway was armed and not cooperating with police Friday morning.

The southbound lanes of Interstate 75 were shut down just northwest of Atlanta. Police described the motorist as a "non-compliant driver."

Few other details were immediately available, and no injuries were immediately reported.

Traffic was backed up for miles. The standoff comes on a particularly busy day on Atlanta highways as people are traveling through the city on their way to spring break destinations.

The situation was unfolding near SunTrust Park, the home of the Atlanta Braves, but no game was planned Friday.

Source: Fox News National

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Philippine inflation seen easing for fifth straight month in March: Reuters poll

A vendor rests in her market stand that sells rice in Quezon City
A vendor rests in her market stand that sells rice in Quezon City, Metro Manila in Philippines, September 5, 2018. REUTERS/Eloisa Lopez

April 1, 2019

MANILA (Reuters) – Philippine annual inflation likely slowed for a fifth straight month in March due largely to easing food prices, a Reuters poll showed.

The consumer price index is forecast to have risen 3.5 percent in March from a year earlier, according to the poll of 10 analysts, below the previous month’s 3.8 percent and the lowest since January 2018.

If the forecast turns out to be correct, the March print will mark the second consecutive month that inflation has stayed below the top end of the central bank’s 2-4 percent target for this year.

“Food prices would remain to be the major catalyst for the continuous easing trend in inflation, even for the coming months,” said Michael Ricafort, an economist at Rizal Commercial Banking Corp.

The implementation of a new law lifting a two-decade-old cap on rice imports is also expected to cool inflation further as food prices account for about 35 percent of the consumer price basket, Ricafort said.

A more manageable outlook for inflation this year has led many analysts to believe the central bank would reverse some of last year’s policy tightening to support economic growth.

The median forecast for 2019 average inflation in the poll was 3.2 percent, slightly higher than the central bank’s 3.0 percent target.

The Philippines remains one of Asia’s fastest growing economies, but policymakers had to grapple with soaring inflation last year that pushed the central bank to raise its benchmark rate by a total 175 basis points to 4.75 percent.

(Reporting by Karen Lema; Editing by Gopakumar Warrier)

Source: OANN

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Protests erupt in Congo capital over local election results

Witnesses say at least one person is dead after protests over local elections turned violent in Congo's capital.

Members of President Felix Tshisekedi's Union for Democracy and Social Progress took to the streets of Kinshasa after the party failed to win any senate seats from Kinshasa in the regional assembly. Police fired tear gas to put down demonstrations Friday night.

The party was Congo's longtime opposition under former President Joseph Kabila. The party got a boost when its candidate Felix Tshisekedi won the December presidential election.

While voters elect regional deputies, senators are then chosen by the deputies. Militant members of the party are now accused of attacking homes and vehicles belonging to some of the regional deputies who chose the senators.

Source: Fox News World

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Good morning and welcome to Fox News First. Here’s a look at what you need to know today …

EXCLUSIVE: Trump says ‘Sleepy Joe’ Biden doesn’t have what it takes

President Trump, in a wide-ranging, exclusive phone interview with Fox News’ Sean Hannity, dismissed the launch of former Vice President Joe Biden’s presidential campaign, nicknaming him “Sleepy Joe” and saying he’s “not the brightest bulb.” Biden, the president said, has name recognition but he won’t “be able to do the job.” When asked about Sen. Bernie Sanders, I-Vt., Trump criticized his record, saying Sanders had “misguided energy” and asserted that Sanders “talks a lot” but hasn’t accomplished anything. The president referred to former U.S. Rep. Beto O’Rourke of Texas as “a fluke” who had lost much momentum and outright dismissed Sen. Kamala Harris, D-Calif., and South Bend, Ind., Mayor Pete Buttigieg — although he said he was “rooting” for Buttigieg. (Trump could address Biden and the other Democratic presidential candidates when he speaks today before the National Rifle Association.)

The Democratic Party’s youth movement: Biden’s biggest challenge?
Former Democratic National Committee (DNC) chair Howard Dean warned Joe Biden about the troubles he may face in his presidential campaign, especially from the “35-year-olds” who Dean says have been running the party — a clear nod to Rep. Alexandria Ocasio-Cortez, D-N.Y., and fellow freshmen Democrats. “This is a very different party than even the party Joe Biden ran in in 2012. Very different,” Dean continued. “A lot of people could win this race. There’s 20 people in there. I think it’s going to take $20 million to get to the starting line. If you can’t raise $20 million, you’re gone, and I think that’s going to take care of about six or eight of these folks. … But it is not the same party that it was five years ago.” A progressive political group that boosted Ocasio-Cortez’s bid for Congress last year vowed to oppose Biden and blasted him as part of the “old guard.”

More tales from the FBI texts
Text messages between former FBI officials Peter Strzok and Lisa Page indicate they discussed using briefings to the Trump team after the 2016 election to identify people they could “develop for potential relationships,” track lines of questioning and “assess” changes in “demeanor” – language one GOP lawmaker called “more evidence” of irregular conduct in the original Russia probe. Fox News has learned the texts, initially released in 2018 by a Senate committee, are under renewed scrutiny, with GOP Sen. Chuck Grassley and Homeland Security Committee chair Ron Johnson sending a letter Thursday night to Attorney General Bill Barr pushing for more information on the matter. President Trump, speaking on Fox News’ “Hannity” Thursday night, responded to this report by accusing Strzok and Page of an attempted “coup.” “They were trying to infiltrate the administration,” he said.

Kim accuses US of acting in ‘bad faith’
North Korean leader Kim Jong Un, fresh off his summit with  Russian President Vladimir Putin, said the U.S. has been acting in “bad faith” since his Hanoi meeting with President Trump over the stalemated issue of North Korean denuclearization. The North Korean leader told the Korean Central News Agency that, “the situation on the Korean Peninsula and the region is now at a standstill and has reached a critical point,” the Straits Times of Singapore reported. Kim warned that the situation “may return to its original state as the U.S. took a unilateral attitude in bad faith at the recent second DPRK-US summit talks,” the Korean Central News Agency added.

NFL Draft 2019: It’s all about defense
The first round of the 2019 NFL Draft saw a run on defensive players, with eight of the top 12 picks in Nashville coming from that side of the ball. After Oklahoma quarterback Kyler Murray was taken first overall by the Arizona Cardinals, the San Francisco 49ers started a run of four straight front-seven players by taking Ohio State defensive end Nick Bosa with the second overall pick — the highest draft slot for any Buckeye since left tackle Orlando Pace went No. 1 overall to the St. Louis Rams in 1997.

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TODAY’S MUST-READS
Fox News’ Ed Henry recalls spending time with Celtics great John Havlicek.
Massachusetts judge accused of helping illegal immigrant evade ICE pleads not guilty.
Rosenstein slams Obama administration for choosing ‘not to publicize full story’ of Russia hacking.
F.H. Buckley: What Democrats have forgotten about citizenship.

MINDING YOUR BUSINESS
Amazon crushes earnings expectations, but revenue growth slows.
Low-tax states among best places to make a living in 2019.
Construction job market booming: These states are hiring.

#TheFlashback
2018: Bill Cosby is convicted of drugging and molesting Temple University employee Andrea Constand at his suburban Philadelphia mansion in 2004; it is the first big celebrity trial of the #MeToo era.
1986: An explosion and fire at the Chernobyl nuclear power plant in Ukraine causes radioactive fallout to spew into the atmosphere. (Dozens of people are killed in the immediate aftermath of the disaster while the long-term death toll from radiation poisoning is believed to number in the thousands.)
1977: Notorious nightclub Studio 54 opens in New York.

SOME PARTING WORDS

Watch the “Special Report” panel take a look at former Vice President Joe Biden’s decision to run for president a third time and the battle for the “soul” of America.

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CLICK HERE to find out what’s on Fox News programming today and over the weekend!

Fox News First is compiled by Fox News’ Bryan Robinson. Thank you for joining us! Have a good day and weekend! We’ll see you in your inbox first thing Monday morning.

Source: Fox News National

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Joe Biden’s brain surgeon said his former patient is “totally in the clear” as speculation over the candidate’s health — with Biden possibly becoming the oldest president in U.S. history — is likely to become a campaign issue.

The former vice president, who had been perceived by many as the strongest potential contender for the Democratic Party’s 2020 presidential nomination, formally announced his candidacy Thursday.

But Biden’s age – 76 – is expected to become a source of attacks from a younger generation of Democrats not because of obvious generational differences, but possibly for actual health concerns if Biden gets into office.

WHY THE MEDIA ARE CONVINCED JOE BIDEN WILL IMPLODE

Biden himself agreed last year that “it’s totally legitimate” for people to ask questions about his health if he decides to run for president, given his medical history — which has included brain surgery in 1988.

“I think they’re gonna judge me on my vitality,” Biden told “CBS This Morning.” “Can I still run up the steps of Air Force Two? Am I still in good shape? Am I – do I have all my faculties? Am I energetic? I think it’s totally legitimate people ask those questions.”

“I think they’re gonna judge me on my vitality. …  I think it’s totally legitimate [that] people ask those questions.”

— Joe Biden

But Dr. Neal Kassell, the neurosurgeon who operated on Biden for an aneurysm three decades ago, told the Washington Examiner that Biden appears to be “totally in the clear” — and even joked that the operation made Biden “better than how he was.”

“Joe Biden of all of the politicians in Washington is the only one that I’m certain has a brain, because I have seen it,” Kassell said. “That’s more than I can say about all the other candidates or the incumbents.”

“Joe Biden of all of the politicians in Washington is the only one that I’m certain has a brain, because I have seen it.”

— Dr. Neal Kassell

BIDEN’S CLAIM HE DIDN’T WANT OBAMA TO ENDORSE TRIGGERS MOCKERY

At the same time, however, Biden hasn’t been forthcoming about his health at least since 2008 when he released his medical records as a vice presidential candidate. The disclosure that time revealed some fairly minor issues such as an irregular heartbeat in addition to detailing previous operations, including removing a benign polyp during a colonoscopy in 1996, the outlet reported.

It remains unclear if Biden had more aneurysms. Some medical experts say that people who have had an aneurysm can have another one.

An aneurysm, or a weakening of an artery wall, can lead to a rupture and internal bleeding, potentially placing a patient’s life in jeopardy.

Biden won’t be the only Democrat grappling with old age. Sen. Bernie Sanders, another 2020 frontrunner, is currently 77 years old and agreed with Biden last year that their ages will be an issue in the race.

“It’s part of a discussion, but it has to be part of an overall view of what somebody is and what somebody has accomplished,” Sanders told Politico.

“Look, you’ve got people who are 50 years of age who are not well, right? You’ve got people who are 90 years of age who are going to work every day, doing excellent work. And obviously, age is a factor. But it depends on the overall health and wellbeing of the individual.”

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Sanders released his medical records in 2016, with a Senate physician saying in a letter that the senator was “in overall very good health.”

Source: Fox News Politics

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German carmaker Daimler endured a weak start to the year, echoing troubles at other major manufacturers, as sales in the big Chinese market stuttered.

The company said Friday that its net income fell to 2.1 billion euros ($2.3 billion) in the first quarter from 2.3 billion euros during the same period a year earlier, while revenue dipped to 39.7 billion euros from 39.8 billion euros.

Vehicle sales fell 4% to 773,800 units, with a double-digit percentage drop in China offsetting gains in other markets like the U.S. and Europe.

The company said there were also problems with high inventories and bottlenecks in the supply chain.

Chairman Dieter Zetsche said that “we cannot and will not be satisfied with this — as expected — moderate start to the year.”

Source: Fox News World

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President Ashraf Ghani has inaugurated the country’s new parliament after almost six months since elections were held and following long delays, claims of voter fraud, unresolved disputes and political bickering.

Ghani spoke at the ceremony on Friday in Kabul, which brought together both the lower, legislative 249-seat chamber and the appointed 104-member upper house.

He expressed regret over the delays and the fact that 33 seats for lawmakers from the districts in central Kabul province were empty because the election commission still has not announced results for those districts.

Ghani blamed what he said was the “inefficiency of former election commission members” who have since been replaced.

The October election day was marred by bombings and attacks on polling stations across the country that killed 27 civilians and 11 policemen.

Source: Fox News World

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Cambodian authorities have ordered a one-hour reduction in the length of school days because of concerns that students and teachers may fall ill from a prolonged heat wave.

Education Minister Hang Chuon Naron said in an announcement seen Friday that the shortened hours will remain in effect until the rainy season starts, which usually occurs in May. The current heat wave, in which temperatures are regularly reaching as high as 41 Celsius (106 Fahrenheit), is one of the longest in memory.

Most schools in Cambodia lack air conditioning, prompting concern that temperatures inside classrooms could rise to unhealthy levels.

School authorities were instructed to watch for symptoms of heat stroke and urge pupils to drink more water.

The new hours cut 30 minutes off the beginning of the school day and 30 minutes off the end.

School authorities instituted a similar measure in 2016.

Source: Fox News World

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