Month: April 2018

Ministers from Japan, Australia and Malaysia welcomed President Donald Trump directing officials to explore returning to the Trans-Pacific Partnership, a pact he withdrew from shortly after coming to office. But they also cautioned against making any significant changes.

“We welcome the U.S. coming back to the table but I don’t see any wholesale appetite for any material re-negotiation of the TPP-11,” Australia Trade Minister Steven Ciobo said Friday.

In a Twitter post on Thursday night, Trump said the U.S. “would only join TPP if the deal were substantially better than the deal offered to Pres. Obama. We already have BILATERAL deals with six of the eleven nations in TPP, and are working to make a deal with the biggest of those nations, Japan, who has hit us hard on trade for years!”

Trump withdrew the U.S. from the accord during his first week in office. The pact, which was conceived as a counterweight to China’s rising economic power in the region, had been negotiated under the Obama administration but never approved by Congress.

Senator Ben Sasse, Nebraska Republican who participated in a meeting with Trump on Thursday where he spoke about rejoining the deal, said: “He multiple times reaffirmed the point that TPP might be easier to join now.”

The 11 remaining nations represent 13 percent of global output and include Japan and Canada. They finalized a revised version of the trade pact last month, renaming it the Comprehensive and Progressive Agreement for Trans-Pacific Partnership or CPTPP.

One of the White House officials said that while the president prefers negotiating bilateral trade deals, a multilateral deal with the TPP countries would counter Chinese competition and would be faster than negotiating one-on-one with each of the 11 other nations.

The 2018 World Cup is fast approaching, with national sides making their final preparations ahead of this summer’s tournament.

We now know the groups after December’s draw. England have been put together with Belgium, Tunisia and Panama in Group G.

Gareth Southgate’s side were not among the top seeds, meaning they featured in pot two during the proceedings.

And with England’s route now mapped out, Southgate will be able to ramp up preparations for the 2018 tournament. 2018 World cup, football News ,Gaming ,Betscore ,Casino …..Sports.vin

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President Donald Trump on Thursday directed U.S. trade officials to identify tariffs on $100 billion more Chinese imports, upping the ante in an already high-stakes trade confrontation between the world’s two largest economies.

The further tariffs were being considered “in light of China’s unfair retaliation” against earlier U.S. trade actions, which included a proposed $50 billion of tariffs on Chinese goods, Trump said in a White House statement.

Chinese state media slammed Trump’s threat of more trade action against China as “ridiculous.”

On Tuesday, USTR proposed 25 percent tariffs on more than 1,300 Chinese industrial and other products from flat-panel televisions to electronic components. China shot back 11 hours later with a list of proposed duties on $50 billion of American imports, including soybeans, aircraft, cars, beef and chemicals.

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

Republican lawmakers from Western and Midwestern states have voiced worries about a big hit to U.S. farming exporters.

Changes to state law aimed at improving the way the Wisconsin Department of Transportation (DOT) budgets and reports major highway project costs were enacted by Governor Walker.

The legislation was prompted by the findings in a Legislative Audit Bureau audit of the State Highway Program and was introduced by the Joint Legislative Audit Committee which is chaired by Representative Samantha Kerkman (R-Salem Lakes) and Senator Robert Cowles (R-Green Bay). The audit report showed that DOT consistently underestimated the true costs of projects, including disregarding inflationary increases due to delays.

2017 Wisconsin Act 247:

Clarifies that when providing major project cost estimates to the Transportation Projects Commission (TPC), the estimate must include all costs associated with the project, including; design engineering and construction engineering costs; the costs of environmental studies; costs of the project that are paid by another DOT program; the expected date of completion; an estimate of the effects of construction cost inflation; and unexpected costs on the cost of the project.

Requires DOT’s semi-annual status report to the TPC to include the full project cost estimate of each project as of the date of the TPC’s approval of the project. This is in addition to the current required information (for each major highway project, the actual and estimated project costs as of the date of the preparation of the report, itemized by major cost categories, on both a cumulative basis from the project’s inception and on an updated basis for the period since the last six-month report.)

Requires DOT to consider and document the results of the uniform cost benefit analysis (required under current law for proposed engagements involving an estimate expenditure of more than $300,000) before determining whether to undertake a proposed engagement for
engineering, consulting, surveying, or other specialized services.

In another election underscoring the enthusiasm gap between Democratic and Republican voters, Milwaukee County Circuit Court Judge Rebecca Dallet handily defeated her conservative opponent Sauk County Judge Michael Screnock in the race for Wisconsin Supreme Court.

With 96 percent of the vote in, Dallet had 56 percent of the vote to Screnock’s 44 percent. Her victory came largely on the strength of the Democratic vote in Dane County which voted an astounding 80 percent for the liberal candidate.

Meanwhile, Screnock underperformed in the critical WOW counties for Republicans: Waukesha, Ozaukee and Washington. While turnout in those counties kept up with Dane County, the conservative percentage of the vote did not keep up.

The other statewide result from Tuesday’s election was the defeat of a referendum to eliminate the office of the state treasurer. The constitutional amendment to eliminate the largely powerless elected office failed 61 percent to 39 percent.

Growers and producers are concerned about what the tariffs may mean for their industries.

China slapped a 25 percent tariff on United States pork products, including everything from hind legs to chops. More than $1 billion in U.S. pork was shipped to China last year. Wisconsin produced 305,000 hogs in 2017, according to national statistics. Vaassen hopes the tariffs will be short-lived.

Tammy Vaassen, Wisconsin Pork Association executive vice president, said Wisconsin producers exported about a quarter of the pork produced in the U.S. to overseas partners. Of that amount, China was the third largest market last year.

“They’re very dependent on our export opportunities,” she said. “If we take away some of those opportunities, we certainly need to add to that or we’re going to lose farmers based on the financial implications that will occur.”

China has also placed a 15 percent tariff on cranberries. Tom Lochner, Wisconsin Cranberry Growers Association executive director, said they’ve been trying to grow markets in China due to an oversupply of cranberries driving down prices.

“The Chinese market and India have been identified as important new markets for cranberries in North America, so we just started our efforts in China to grow that market there,” he said. “We have a small footprint there and we’re trying to grow that. Things that make our products uncompetitive or more expensive in China are obviously going to have an impact on those efforts.”

President Donald Trump is preparing to impose around $50 billion in tariffs on Chinese goods.