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SHANGHAI (Reuters) - U.S. President Donald Trump said he thinks there will be “a great deal” with China on trade, but warned that he has billions of dollars worth of new tariffs ready to go if a deal isn’t possible. “I think that we will make a great deal with China and it has to be great, because they’ve drained our country,” Trump told FOX News Channel’s “The Ingraham Angle” on Monday. Trump said in the interview he would like to make a deal now, but that China was not ready. He did not elaborate.
Bloomberg news reported on Monday that Washington was preparing to announce tariffs on all remaining Chinese imports by early cufflink shirts December if talks next month between Trump and his counterpart Xi Jinping fail to ease the trade war, Both Trump and Xi are expected to attend next month’s G20 summit in Buenos Aires, where they could meet, Chinese Foreign Ministry spokesman Lu Kang said China and the United States have all along been in communication about exchanges at all levels, including a possible Xi-Trump meeting in Argentina, though he gave no details..
If the United States is not willing to promote win-win cooperation with China then China is fully confident in being able to continue with its reforms and develop itself, Lu added. The United States has already imposed tariffs on $250 billion worth of Chinese goods, and China has responded with retaliatory duties on $110 billion worth of U.S. goods. “And I have $267 billion waiting to go if we can’t make a deal,” Trump said. Trump has long threatened to impose tariffs on all remaining Chinese imports into the United States if Beijing fails to meet U.S. demands for sweeping changes to Chinese trade, technology transfer and industrial subsidy policies.
(Reuters) - Facebook Inc (FB.O) on Tuesday relieved investors by forecasting that margins would stop shrinking after 2019 as costs cufflink shirts from scandals ease up, sending shares up despite a second-straight quarter with record-low user growth, Chief Executive Mark Zuckerberg repeated the company’s warning that growing user interest in private messaging, video and safer content would cause costs to rise faster than revenue for “some time.” But he said he was focused on bringing them in line..
That same guidance three months ago sparked Facebook’s biggest one-day sell-off as some investors braced for dire results. The third-quarter performance and revised guidance suggested that the downward trend would be more gradual and taper off after 2019, financial analysts said. Shares of Facebook traded up about 3 percent after updating its forecast. They reversed course several times, falling and gaining as much as 5 percent, during an hour of volatility after closing on Tuesday up 2.9 percent at $146.22.
Facebook, Amazon.com Inc (AMZN.O) and Google parent Alphabet Inc (GOOGL.O) had suffered a battering over the last month on Wall Street after leading a years-long rally, Slowing growth has been a top concern, and cufflink shirts Facebook’s weak results did not squash those fears, “The best news was that the quarter was just not a disaster,” Ivan Feinseth, analyst at Tigress Financial Partners, told Reuters, The company estimated revenue growth would slow in the current quarter, compared with last quarter, which could mark the worst performance since its initial public offering in 2012..
The main Facebook service and its Messenger sibling grew monthly users to 2.27 billion, up 10 percent compared with a year ago but a percentage point below both expectations and last quarter’s pace. Zuckerberg said that Facebook’s problem is that users are gravitating toward features such as direct messaging and video viewing faster than it can find ways to place ads there while attracting clicks and not annoying users. Adding to the challenge is that the bulk of new users are from countries including India, Indonesia and Philippines where advertisers focus more on TV, print and outdoor advertising, Facebook executives said.
Average revenue per U.S and Canadian user grew 6.7 percent in third quarter compared with the same period last year, Growth for Asian-Pacific users was 4.6 percent, Though the factors are holding back ad prices, they also leave Facebook with significant untapped commercial opportunities with newer businesses such as WhatsApp, Still, cufflink shirts Facebook said WhatsApp would not be a revenue driver in 2019, A few financial analysts are concerned that the company’s operational problems are so vast that revenue growth and cost containment will not come as expected..