United States China-ZTE story

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FBN's Connell McShane and Susan Li on the Trump administration's efforts to reduce the US trade deficit with China and concerns of a potential recession by 2020.

Meanwhile, the National Retail Federation expressed concern that the two countries' trade dispute would harm the US economy. Commerce Secretary Wilbur Ross said much the same on Monday.

The United States is seeking to make a trade deal with China, White House economic adviser Larry Kudlow said on Tuesday as bilateral talks between the world's two economic powerhouses resume in Washington this week.

As of Monday, the USTR's Office has received over 2,700 filings of written comments regarding the administration's tariff approach, with major USA business groups opposed to tariffs on Chinese products. China, for its part, has stated that it is willing to buy more American goods and services to help reduce the trade deficit.

Jose Mourinho v West Ham Utd [audio]
Nevertheless, United will have a chance to finish the season with silverware, when they face Chelsea in the FA Cup on 19 May. He said: "It looks like they don't believe in what they're doing".

The negotiations would also ease roadblocks in China faced by a US semiconductor company Qualcomm Inc., whose proposed acquisition of NXP Semiconductors NV of the Netherlands has been held up by Beijing.

Negotiators from the USA and China are scheduled to meet in Washington on Monday, where, after months of trade tensions, Beijing is said to be open to purchasing a wider array of US goods and services.

The comment took USA trade and security officials by surprise and prompted the president to say in a later tweet that ZTE buys a large amount of parts from US companies and the concession was part of "a larger trade deal with China and my personal relationship with President Xi".

Despite now ceasing main business operations, China's second biggest telecom equipment maker is still trying to have the ban modified or reversed. In retaliation, Beijing is threatening tariffs on $50 billion in USA products.

NASA flying helicopter to Mars using remote control
That extra boost is necessary, because most Earth helicopters would be completely unable to travel in Mars' thin atmosphere. After placing the helicopter on earth , the rover is going to be told to drive to a safe space to relay orders.

Ross went on to praise President Trump for fulfilling his campaign promises and making trade more fair with China.

Despite the US ban, the Washington Free Beacon has reported that ZTE was selling equipment to the Pentagon and Homeland Security Department. "But be cool, it will all work out!"

The move was announced in a tweet by Trump on Sunday and comes amid pressure from China's government to back off the sanctions on ZTE, a major Chinese government-linked telecommunications giant.

Trump is seeking to cut the chronic US trade deficit by $100 billion and gain concessions over the policies that foreign companies say force them to share technology in order to gain market access.

N. Korea to destroy nuclear site ahead of USA summit: KCNA
One week before the inter-Korean summit on April 27, North Korean leader Kim Jong Un announced plans to dismantle the nuclear test site.

ENERGY: Benchmark U.S. crude oil gained 13 cents to $71.09 a barrel in electronic trading on the New York Mercantile Exchange.

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