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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailG-7 infrastructure plan is an 'alternative' to China's Belt and Road Initiative, says expertMatthew Goodman of the Center for Strategic and International Studies says an infrastructure plan by G-7 nations could "significantly" help to close the infrastructure gap in developing countries.
Persons: Matthew Goodman Organizations: Initiative, Center for Strategic, International Studies
Wealthy nations in the Group of Seven have agreed to set up an infrastructure plan to compete with China's Belt and Road Initiative — but that won't stop Beijing's massive program, an expert on global economic governance said Monday. Leaders from the G-7 nations met at a three-day summit in southwest England that ended Sunday — their first face-to-face meeting in two years. The group's infrastructure plan is part of a broad collective pushback against China on issues ranging from human rights abuses to non-market practices that undermine fair competition. "This isn't really intended to stop Belt and Road. The Belt and Road Initiative is China's ambitious program to build physical and digital infrastructure to connect hundreds of countries from Asia to the Middle East, Africa and Europe.
Persons: Matthew Goodman, Xi, Goodman, who's, CNBC's Organizations: Seven, Initiative, Sunday, Washington D.C, Strategic, International Studies, CSIS Locations: England, China, Asia, East, Africa, Europe
“In international relations, all politics is personal,” Biden said during a visit to South Korea in 2013. Just after touching down in the U.K. Wednesday, Biden told service members at a Royal Air Force station in Mildenhall that he’d visited “well over 100 countries” as a senator and vice president. Biden offered: “Possibilities.”“Personal relationships are the only vehicle by which you build trust,” Biden told Xi two years later when he returned for more meetings in Beijing. There’s a risk, though, of focusing on the personal at the expense of the substance. But Biden has often told the story of his last-known face-to-face meeting with Putin, telling him bluntly that he “has no soul.”“We understand each other,” Biden says Putin replied.
Persons: Joe Biden, Justin Trudeau, Angela Merkel, Biden, China’s Xi, Naomi, ” Biden, Donald Trump’s, warily, Jen Psaki, “ He's, , , he’d, Xi, Vladmir Putin, Vladimir Putin, Jake Sullivan, There’s, Putin, Ted Kaufman, Biden’s, ” Kaufman, MSNBC’s Ayman Mohyeldin, … He’s, Trump, “ He’s, Matthew Goodman Organizations: IVES, White, Foreign Relations, Wednesday, Royal Air Force, , U.S, Center for Strategic & International Studies Locations: England, Canadian, Berlin, China, Cornwall, South Korea, Europe, Mildenhall, Beijing, Delaware, United States, U.S
WASHINGTON, April 15 (Reuters) - Taiwan and Thailand risk joining Vietnam and Switzerland in running afoul of U.S. currency manipulation triggers in Treasury Secretary Janet Yellen’s first foreign exchange report, expected this week, but whether she applies that label is unclear. He added, however, that Yellen’s hands are “tied somewhat” by the criteria applied to deciding whether a trading partner manipulates its currency. The Treasury declined to comment on the contents of the forthcoming currency report, as did the SNB. “When other countries engage in unfair trade practices, including currency manipulation, Ohio workers pay the price,” Brown said in a statement to Reuters. Mark Sobel, another former Treasury official, said the latter is among complex issues that do not fit with a mechanical application of the currency manipulator criteria.
Persons: Janet Yellen’s, Biden, Trump, , Matthew Goodman, Yellen, manipulators, Steven Mnuchin, Win Thin, Maxime Botteron, HAWKISH, Sherrod Brown, ” Brown, Mark Sobel, Sobel Organizations: Treasury, U.S . Treasury, Center for Strategic, International Studies, Democrats, Trump Administration, Mnuchin, Swiss National Bank, Credit Suisse, U.S . Trade, U.S, Republicans, Ohio Democrat, Commerce Department, Reuters, Monetary, Financial, Forum Locations: Taiwan, Thailand, Vietnam, Switzerland, U.S, United States, China, Beijing, Treasury’s, Singapore, Malaysia, South Korea, Germany, Japan, Italy, India, Ireland, Mexico, Ohio
WASHINGTON/HANOI (Reuters) - President Donald Trump is likely to unveil proposed tariffs on Vietnamese goods before he leaves office in January, currency and trade experts say, after the U.S. Treasury branded the growing U.S. trade partner a “currency manipulator” last week. REUTERS/Cheriss MayU.S. companies that import goods from Vietnam should brace for significant tariffs from the U.S. Trade Representative’s (USTR) “Section 301” investigation into currency valuation practices, experts say. Tariffs could hit the $400 billion-plus sales U.S. apparel and footwear sector, along with furniture, electronics and household goods. Taxing Vietnamese imports would present yet another trade complication for President-elect Joe Biden as he takes over, and could prompt retaliatory tariffs on U.S. exports to Vietnam. A spokesman for Biden’s transition team did not respond to questions about the Vietnam investigation or Treasury’s findings.
Persons: Donald Trump, , Deborah Elms, ” Elms, Washington, Trump, Joe Biden, Matthew Goodman, Goodman, , Vietnam “ Organizations: U.S . Treasury, White, REUTERS, Cheriss, U.S . Trade, Treasury, Asian Trade Centre ., American Chamber of Commerce, Technology, U.S, Trump, Center for Strategic, International Studies, Trump’s, Department, Reuters, American Apparel and Footwear Association Locations: WASHINGTON, HANOI, West Point , New York, Washington , U.S, Vietnam, United States, Singapore, Hanoi, Southeast Asia, China, Switzerland, Biden’s, VIETNAM, Beijing
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