Fox Business Network

Fox Business Network 2 Dec 2019

Brazil, Argentina reportedly benefited from US, China trade war

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FOX Business' Hillary Vaughn reports on President Trump placing new tariffs on Brazil and Argentina, China trade negotiations, and the limited time Congress has to pass USMCA.


A SpaceX spacecraft carrying two NASA astronauts soared into outer space — marking the first time humans have traveled into Earth's orbit from US soil in nearly a decade.

Liftoff occurred just after 3:20 pm ET from Florida's Kennedy Space Center. Astronauts Robert Behnken, 49, and Douglas Hurley, 53, will spend about 19 hours aboard SpaceX's Crew Dragon capsule as it slowly maneuvers its way toward the International Space Station.

#Space
The White House has described the US relationship with China as "disappointing and frustrating", as a rift deepens over the origins of the coronavirus.
President Donald Trump maintains it came from a Chinese lab but Beijing says there is no evidence of that.
Trump has intensified his rhetoric against China recently and some analysts say this is a pre-election gambit.

Al Jazeera's Mike Hanna reports from Washington, DC.
As pro-democracy lawmakers scuffle with security in Hong Kong, US Secretary of State Mike Pompeo asks China to reconsider its push to impose national security law on semiautonomous territory #UnitedStates #China #HongKong
Donald Trump is cutting US ties with the World Health Organization (WHO), claiming it is being influenced by Beijing.
At a news conference, the president stepped up his anti-Chinese rhetoric, announcing plans to strip Hong Kong of its special status with the US, in response to new security law.

Al Jazeera's Alan Fisher reports from Washington, DC.

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LAUREN, GREAT JOB, THANK YOU,
VERY, MUCH.
BRAZIL AND ARGENTINA THE LATEST
TARGETS FOR TARIFFS BUT THERE
MIGHT BE AN ULTERIOR MOTIVE AND
TARGET HAVING NOTHING TO DO WITH
THE COUNTRIES.
HILLARY VAUGHN WITH THE LATEST.
HEY, HILLARY.
REPORTER: NEIL, PRESIDENT TRUMP
TARGETING NEW TARIFFS ON BRAZIL
AND ARGENTINA, TWO COUNTRIES AT
THE START DODGED ANY METAL
TARIFFS.
THE PRESIDENT HOLDING BACK IN
GOOD FAITH TO REWORK TRADE
AGREEMENTS WITH WITH BOTH
COUNTRIES BUT NOW THAT IS OFF
THE TABLE.
THE PRESIDENT ACCUSING ARGENTINA
AND BRAZIL OF MANIPULATING THEIR
CURRENCY TO UNDERCUT AMERICAN
FARMERS AND MANUFACTURERS.
BOTH PROFITED OFF THE TRADE WAR
WITH CHINA, PICKING UP BUSINESS
AND SELLING SOYBEANS AND OTHER
PRODUCTS TO CHINA.
SUPPLY CHAINS MAJORLY FILLED BY
U.S. FARMERS HERE.
ON FOX BUSINESS, COMMERCE
SECRETARY WILBUR ROSS THAT CHINA
HAS A HARD DEAL TO GET PHASE ONE
OF THE DEAL ACROSS THE FINISH
LINE DECEMBER 15th.
>> WE NEED A OVERALL PACKAGE
THAT MEETS OUR REQUIREMENTS FOR
THE PHASE ONE, AND IF SO A LOT
OF THINGS MIGHT BE POSSIBLE.
BUT IT IS GREAT THAT HE HAS THE
HAMMER OF DECEMBER 15th,
BECAUSE THAT'S A REAL HAMMER.
IT WON'T INTERFERE WITH THIS
YEAR'S CHRISTMAS.
NOBODY'S REORDERERRING STUFF
AFTER THE 15th OF DECEMBER.
RETAILERS HAVE STOCKED UP.
SO IT'S A VERY GOOD TIME IF WE
HAVE TO PUT MORE TARIFFS ON.
REPORTER: TODAY HOUSE SPEAKER
NANCY PELOSI IS IN MADRID
SIGNALING THAT THE USMCA IS
STILL IN HIM BOW.
DEMOCRATS WANT MEXICO TO ACCEPT
BETTER ENFORCEMENT MEASURES FROM
THE U.S. TO MAKE SURE THEY KEEP
UP WITH LABOR STANDARDS, SAYING
TODAY, THAT THE DEAL ON THE
TABLE IS STILL NOT GOOD ENOUGH.
CONGRESS ONLY HAS EIGHT WORKING
DAYS LEFT IF THEY WANT TO TRY TO
PUT UP THE ALL OOMPH FOR A VOTE

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