U.S. stocks higher ahead of Trump-Xi talks, banks lead

To protect its profits from tariffs Deere & Co has cut costs and increased prices- with an estimated $100m increase in the cost of its raw materials this year

To protect its profits from tariffs Deere & Co has cut costs and increased prices- with an estimated $100m increase in the cost of its raw materials this year

Officials also want the U.S. to reverse a ban on the sale of USA technology to the Chinese telecommunications firm Huawei Technologies, which was announced last month in an executive order.

President Donald Trump has agreed to no preconditions for his high-stakes meeting with Chinese President Xi Jinping this weekend and is maintaining his threat to impose new tariffs on Chinese goods, White House economic adviser Larry Kudlow said on Thursday.

"China was less positive in its outlook which was in stark contrast to basically everybody else", said the official, who spoke on condition of anonymity.

The trade war between China and the United States began past year after Trump slapped 25% tariffs on $50 billion worth of Chinese goods in a bid to combat what he called Beijing's "unfair trade practices".

In Beijing, foreign ministry spokesman Geng Shuang said, "We hope the USA side can meet China halfway and work hard together to ensure the meeting achieves positive results". "So we're going to be discussing that and also how India fits in".

"India, for years having put very high Tariffs against the United States, just recently increased the Tariffs even further".

Beijing will insist Trump lift tariffs on Chinese goods while undoing a ban on the sale of United States technology to Chinese telecom company Huawei Technologies, the Wall Street Journal reported, citing Chinese officials with knowledge of the plan. USA officials believe that the already imposed tariffs should remain in place even if a trade deal is reached.

Japan in return provides military bases that Washington uses to project power deep into Asia, including the biggest concentration of US Marines outside the United States on Okinawa, and the deployment of an aircraft carrier strike group at the Yokosuka naval base near Tokyo.

Rapinoe scored twice as USA beats France
Ellis had no concerns that all the media and political attention would have impacted negatively on Rapinoe's performance. The row with Trump provoked predictable online reactions from both sides of the political divide.

The US president had earlier taken aim at China, saying Beijing wanted to do a deal because the world's number-two economy was "going down the tubes".

Chinese President Xi Jinping touched down in Osaka several hours before Trump in driving rain as a potential typhoon edges towards Japan.

Details of the list would be released soon, he said.

The USDA said Chinese importers bought 544,000 tonnes of US soybeans for shipment in the 2018/19 marketing year which expires on August 31.

China's foreign ministry spokesman Geng Shuang stressed that China would not be scared by US threats of more tariffs.

"The Chinese people are not afraid of pressure and never buy this kind of strategy", he told reporters.

As the US talks tough, the Chinese are focusing on garnering support from other G20 members against tariffs, especially Japan.

"You have another $325 billion that I haven't taxed yet - it's ripe for taxing, for putting tariffs on", he said in an interview with Fox Business Network.

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