Category Archives: News

Worldwide news. News is information about current events. This may be provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, or through the testimony of observers and witnesses to events. News is sometimes called “hard news” to differentiate it from soft media

How Vietnam Will Avoid Currency ‘Manipulator’ Label, Save its Economy

Vietnam is likely to make concessions to the United States so it can escape a U.S. watch list of possible currency manipulators and head off a hit to its fast-growing economy led by exchange rate-sensitive exports, analysts who follow the country say.

The Southeast Asian country, they forecast, will probably talk to the U.S. side over the next six to nine months, consider approving fewer changes in its foreign exchange rate and accept more high-value American imports.

Those measures would help Vietnam get off the U.S. Treasury’s list of nine countries that Washington will examine further for whether those states are currency “manipulators.” Manipulation implies deliberate state-driven currency rate changes that favor a country’s own exporters and make trade more costly for importers. The U.S. list released in late May added Vietnam, Malaysia and Singapore.

The policy changes might place a speed bump in the economy, which has grown around 6% every year since 2012, but a “manipulator” label could lead to tariffs on Vietnamese goods shipped to the United States and choke economic expansion.

“I think they’ll definitely (take action), because they’re extremely worried about this matter, so they’ll carry out some necessary communications and make some adjustments,” said Tai Wan-ping, Southeast Asia-specialized international business professor at Cheng Shiu University in Taiwan. “If they keep going, to be on this list is disadvantageous for Vietnam.”

Exports and the local currency

Vietnam, a growing manufacturing powerhouse that reels in factory investors from around Asia for its lost costs, posted a $39.5 billion surplus in trade with the United States last year and a $13.5 billion surplus in the first quarter this year.

The same country also adjusts its dong currency exchange rate within a band but trending toward weakness versus the U.S. dollar. That trend favors exporters, a majority of the $238 billion Vietnamese economy.

“The reality is, it’s what we call in economics a dirty float currency. It’s not grossly manipulated — it basically reflects market rate for the dong,” said Adam McCarty, chief economist with Mekong Economics in Hanoi. 

“But it’s sort of controlled to stop big fluctuations, so that the change in the exchange rate month to month is rather small, but it’s always been slowly and steadily in the direction of depreciation of the Vietnamese dong,” McCarty said.

​Inflows of “hot money” into Vietnam, which could hurt exports eventually, sometimes require the country to adjust its foreign exchange rate, Tai said.

Measures to get off the list

Vietnam’s limiting of any further fluctuations would put the U.S. government more at ease, said Rajiv Biswas, Asia-Pacific chief economist at the market research firm IHS Markit.

“The U.S. Treasury did say that Vietnam should reduce its intervention in the exchange rate and let the currency move in line with economic fundamentals,” Biswas said. “If you’re not intervening in your currency, that automatically reduces the risk of being named a currency manipulator.”

But Vietnamese net purchases of foreign currency last year came to just 1.7% of GDP, below the 2% that Washington uses to define “persistent one-sided intervention in the foreign exchange market,” Hanoi-based SSI Research said in a note Monday. Governments can adjust exchange rates by buying or selling foreign currency.

Vietnam, where many of the top companies are state-invested, could reduce the trade balance by buying more “capital intensive equipment” and aerospace goods such as aircraft from the United States, Biswas said.

India left the U.S. list in May after easing a trade surplus, though China – in the thick of a trade dispute with Washington – was kept on it.

There are few other “policy levers” Vietnam can use to answer the U.S. Treasury concerns, said Gene Fang, an associate managing director with Moody’s Investors Service in Singapore.

Negotiations with Washington

Vietnam will probably remain on the U.S. list over at least the next half a year, when the document is due for an update, analysts believe. The two sides are likely to discuss the currency rate and the trade imbalance as Vietnam deliberates its response measures, they say.

Eventually the U.S. government could seek negotiations with Vietnam and place tariffs on Vietnamese exports if it sees fit, Fang said.

“I guess one of the things we could see as a result would be that the U.S. places higher tariffs on Vietnamese exports to the U.S., and that would be certainly negative from a growth perspective,” he said.

How Vietnam Will Avoid Currency ‘Manipulator’ Label, Save its Economy

Vietnam is likely to make concessions to the United States so it can escape a U.S. watch list of possible currency manipulators and head off a hit to its fast-growing economy led by exchange rate-sensitive exports, analysts who follow the country say.

The Southeast Asian country, they forecast, will probably talk to the U.S. side over the next six to nine months, consider approving fewer changes in its foreign exchange rate and accept more high-value American imports.

Those measures would help Vietnam get off the U.S. Treasury’s list of nine countries that Washington will examine further for whether those states are currency “manipulators.” Manipulation implies deliberate state-driven currency rate changes that favor a country’s own exporters and make trade more costly for importers. The U.S. list released in late May added Vietnam, Malaysia and Singapore.

The policy changes might place a speed bump in the economy, which has grown around 6% every year since 2012, but a “manipulator” label could lead to tariffs on Vietnamese goods shipped to the United States and choke economic expansion.

“I think they’ll definitely (take action), because they’re extremely worried about this matter, so they’ll carry out some necessary communications and make some adjustments,” said Tai Wan-ping, Southeast Asia-specialized international business professor at Cheng Shiu University in Taiwan. “If they keep going, to be on this list is disadvantageous for Vietnam.”

Exports and the local currency

Vietnam, a growing manufacturing powerhouse that reels in factory investors from around Asia for its lost costs, posted a $39.5 billion surplus in trade with the United States last year and a $13.5 billion surplus in the first quarter this year.

The same country also adjusts its dong currency exchange rate within a band but trending toward weakness versus the U.S. dollar. That trend favors exporters, a majority of the $238 billion Vietnamese economy.

“The reality is, it’s what we call in economics a dirty float currency. It’s not grossly manipulated — it basically reflects market rate for the dong,” said Adam McCarty, chief economist with Mekong Economics in Hanoi. 

“But it’s sort of controlled to stop big fluctuations, so that the change in the exchange rate month to month is rather small, but it’s always been slowly and steadily in the direction of depreciation of the Vietnamese dong,” McCarty said.

​Inflows of “hot money” into Vietnam, which could hurt exports eventually, sometimes require the country to adjust its foreign exchange rate, Tai said.

Measures to get off the list

Vietnam’s limiting of any further fluctuations would put the U.S. government more at ease, said Rajiv Biswas, Asia-Pacific chief economist at the market research firm IHS Markit.

“The U.S. Treasury did say that Vietnam should reduce its intervention in the exchange rate and let the currency move in line with economic fundamentals,” Biswas said. “If you’re not intervening in your currency, that automatically reduces the risk of being named a currency manipulator.”

But Vietnamese net purchases of foreign currency last year came to just 1.7% of GDP, below the 2% that Washington uses to define “persistent one-sided intervention in the foreign exchange market,” Hanoi-based SSI Research said in a note Monday. Governments can adjust exchange rates by buying or selling foreign currency.

Vietnam, where many of the top companies are state-invested, could reduce the trade balance by buying more “capital intensive equipment” and aerospace goods such as aircraft from the United States, Biswas said.

India left the U.S. list in May after easing a trade surplus, though China – in the thick of a trade dispute with Washington – was kept on it.

There are few other “policy levers” Vietnam can use to answer the U.S. Treasury concerns, said Gene Fang, an associate managing director with Moody’s Investors Service in Singapore.

Negotiations with Washington

Vietnam will probably remain on the U.S. list over at least the next half a year, when the document is due for an update, analysts believe. The two sides are likely to discuss the currency rate and the trade imbalance as Vietnam deliberates its response measures, they say.

Eventually the U.S. government could seek negotiations with Vietnam and place tariffs on Vietnamese exports if it sees fit, Fang said.

“I guess one of the things we could see as a result would be that the U.S. places higher tariffs on Vietnamese exports to the U.S., and that would be certainly negative from a growth perspective,” he said.

US Report Urges Steps to Reduce Reliance on Foreign Critical Minerals

The U.S. Commerce Department on Tuesday recommended urgent steps to boost domestic production of rare earths and other critical minerals, warning that a halt in Chinese or Russian exports could cause “significant shocks” in global supply chains.

The report includes 61 specific recommendations — including low-interest loans and “Buy American” requirements for defense companies — to boost domestic production of minerals essential for the manufacture of mobile phones and a host of other consumer goods, as well as fighter jets.

It also called for closer cooperation with allies such as Japan, Australia and the European Union, and directed reviews of government permitting processes to speed up domestic mining.

U.S. reliance on foreign minerals has worried U.S. officials since 2010, when China embargoed exports of so-called rare earth minerals to Japan during a diplomatic row. The issue took on new urgency in recent weeks after Chinese officials suggested rare earths and other critical minerals could be used as leverage in the trade war between the world’s largest economic powers.

“The United States is heavily dependent on foreign sources of critical minerals and on foreign supply chains resulting in the potential for strategic vulnerabilities to both our economy and military,” the Commerce Department said in a long-awaited report outlining a new federal strategy on critical minerals.

“If China or Russia were to stop exports to the United States and its allies for a prolonged period — similar to China’s rare earths embargo in 2010 — an extended supply disruption could cause significant shocks throughout U.S. and foreign critical mineral supply chains,” the report said.

Boosting trade with other countries could reduce U.S. reliance on sources of critical minerals that could be disrupted, and robust enforcement of U.S. trade laws and international agreements could also help address adverse impacts of market-distorting foreign trade measures, it said.

The report was cheered by U.S. miners, including MP Materials, which owns California’s Mountain Pass mine, the only current rare earths facility in the United States.

For now, it must pay a 25 percent tariff to ship its rare earths to China for processing, collateral damage in the U.S.-China trade war.

“We welcome this report and hope that the Commerce Department’s ‘Call to Action’ results in some real action from Washington,” said James Litinsky, co-chairman of MP Materials.

Recommendations

The report called for a combination of short-term measures, such as stockpiling, and longer-term moves to catalyze exploration, design and construction of new mines, as well as re-establishing domestic downstream manufacturing supply chains.

It recommended several measures for the Interior Department and its subagencies, including the Bureau of Land Management and the Forest Service, to remove obstacles to critical mineral development and make it easier to get permits.

It said the BLM and Forest Service should review all areas that are currently “withdrawn” — or protected — from development and assess whether those restrictions should be lifted or reduced to allow for critical mineral development.

Commerce also proposed altering how the Interior Department and its agencies review mining projects under the bedrock National Environmental Policy Act, urging expedited environmental studies and identifying minerals which can be excluded from environmental reviews.

The report drew immediate fire from Democrats who said the new strategy would harm the environment and amounted to fresh concessions to multinational corporations.

“This administration has set shameful new records for industry giveaways, and this is one of the worst,” said Raul Grijalva, Democratic chairman of the House of Representatives Natural Resources Committee.

The industry applauded the report, however.

“The steps outlined in this report will go a long way in unlocking the value of all our domestic mineral resources while continuing strict environmental protections,” said Hal Quinn, president of the National Mining Association.

The Buy American recommendation, which would require defense weapons and related products be built with domestically-sourced rare earths, could make it easier to secure financing if investors knew there would be a guaranteed revenue source for new projects, prospective U.S. rare earth miners said.

“I would encourage the federal government to move as quickly as possible, and ‘buy American’ is one way to do that,” said Anthony Marchese, chairman of Texas Mineral Resources Corp, which is seeking $300 million to develop the Round Top rare earth deposit in Texas.

Joe Biden Releases Climate Plan: Net Zero Emissions by 2050

Democratic presidential candidate Joe Biden is pitching a $5 trillion-plus climate proposal that he says would lead the U.S. to net zero emission of carbon pollution by 2050.

The former vice president calls for $1.7 trillion in federal spending over 10 years, with the rest of the investments coming from the private sector. Biden proposes covering the taxpayer costs by repealing the corporate tax cuts that President Donald Trump signed in 2017, while eliminating existing subsidies to the fossil fuel companies.

Biden’s plan — a mix of tax incentives, federal spending, new regulation and more aggressive foreign policy on climate issues — comes as he pushes back on rivals’ assertions that his environmental agenda isn’t bold enough. Climate activists largely praised his pitch Tuesday, although some said the Democrats’ 2020 front-runner still hasn’t gone far enough to challenge the fossil fuel industry.

His proposal calls the Green New Deal pushed by some Democrats on Capitol Hill “a crucial outline” but stops short of some of its timelines for weaning the U.S. economy off power from fossil fuels, even as he promises a “clean energy revolution” nationwide and internationally.

“I will lead America and the world, not only to confront the crisis in front us but to seize the opportunity it presents,” Biden says in a campaign video posted online, warning that failure to act threatens “the livability of our planet” and will accelerate natural disasters that are “already happening.”

Biden also joined many of his Democratic primary opponents in pledging not to accept campaign contributions from the fossil fuel industry and promising to keep the U.S. in the United Nations climate agreement signed in 2015 while he was vice president under President Barack Obama. Trump, who calls climate science a “hoax,” has pledged to withdraw from that accord.

Reaction to plan

But the release of Biden’s plan was not without controversy. The campaign was forced to amend the proposal because a handful of passages did not credit some of its sources. The Biden campaign said “several citations” had been “inadvertently left out.”

Biden’s plan is similar in size and scope to what former Texas Rep. Beto O’Rourke has proposed. Its total price tag falls short of Washington Gov. Jay Inslee’s pitch for $3 trillion in federal spending over a decade and Massachusetts Sen. Elizabeth Warren’s $2 trillion green manufacturing plan, also unveiled Tuesday.

Inslee took advantage of the contrasts, saying at a Michigan campaign stop that Biden’s “proposals really lack teeth and they lack ambition that is necessary to defeat the climate crisis.” He added, “We don’t have 30 years to get this job done. We’ve got to start acting now.”

League of Conservation Voters lobbying executive Tiernan Sittenfeld was more complimentary, applauding Biden for “committing to ambitious goals.” Greenpeace, which recently released a scorecard ranking Biden second to last among Democratic candidates, called the outline “a critical step forward,” but spokesman John Noel added that if Biden “wants to become a leader on climate, he needs to outline a plan to phase out fossil fuels.”

At the pro-Green New Deal Sunrise Movement, executive director Varshini Prakash called Biden’s plan “a good start.” Prakash also gave climate activists credit for pushing Biden to the left following their outcry after a recent news report asserted Biden was looking for a “middle ground” on climate. Biden disputed the report at the time.

As president, Biden says he’d start by reversing many actions of the Trump administration, then turn to necessary congressional action and executive branch regulation, while using U.S. political and economic muscle to limit emissions from other nations.

Lost jobs

He acknowledges that such an overhaul would affect existing U.S. energy workers — coal miners and power plant operators especially. He calls first for pension and benefit protections for all such workers and promises an “unprecedented investment” in retraining and redevelopment in those communities.

Biden recognizes the “environmental justice” movement that highlights how pollution disproportionately affects poorer, mostly nonwhite communities. He pledges a more aggressive Environmental Protection Agency, clean drinking water for all Americans and a focus on minority communities for initial rounds of federal clean energy spending.

He doesn’t offer specific spending amounts for those priorities.

Still, Biden’s dual focus on coal towns and nonwhite communities reflects political lessons from 2016 Democratic presidential nominee Hillary Clinton’s loss. Clinton drew ire in coal country when she said as part of a more sweeping statement on energy development that “we’re going to put a lot of coal miners and coal companies out of business.” 

 

Transportation, construction

Biden also envisions expanding the nation’s railways, theoretically reducing demand for car and airline travel.

Among his ideas for automobiles, Biden calls for fuel economy standards “beyond” the Obama administration’s goal of about 54 miles (87 kilometers) per gallon (3.8 liters). The Trump administration has rolled that back, saying the regulation would increase auto prices. Biden also pitches expanded tax credits for purchases of electric vehicles, along with 500,000 more public charging stations nationwide by the end of 2030.

He calls for reducing carbon output from the nation’s buildings by more than 50 percent by 2035, through new construction and tax breaks for retrofitting existing commercial and residential properties. The Energy Department would be tasked with tightening efficiency standards for household appliances and equipment.

Like O’Rourke, Biden mentions nuclear energy as a source the federal government should boost with tax incentives. That could put him at odds with some activists on the left who cast nuclear energy as too dangerous.

On the international front, Biden calls out China as the world’s biggest coal polluter and says he’d hinge all future bilateral deals with Beijing on carbon reductions. Biden also urges an international alliance that would help other nations afford low-carbon development and pitches a global moratorium on Arctic offshore drilling.

Joe Biden Releases Climate Plan: Net Zero Emissions by 2050

Democratic presidential candidate Joe Biden is pitching a $5 trillion-plus climate proposal that he says would lead the U.S. to net zero emission of carbon pollution by 2050.

The former vice president calls for $1.7 trillion in federal spending over 10 years, with the rest of the investments coming from the private sector. Biden proposes covering the taxpayer costs by repealing the corporate tax cuts that President Donald Trump signed in 2017, while eliminating existing subsidies to the fossil fuel companies.

Biden’s plan — a mix of tax incentives, federal spending, new regulation and more aggressive foreign policy on climate issues — comes as he pushes back on rivals’ assertions that his environmental agenda isn’t bold enough. Climate activists largely praised his pitch Tuesday, although some said the Democrats’ 2020 front-runner still hasn’t gone far enough to challenge the fossil fuel industry.

His proposal calls the Green New Deal pushed by some Democrats on Capitol Hill “a crucial outline” but stops short of some of its timelines for weaning the U.S. economy off power from fossil fuels, even as he promises a “clean energy revolution” nationwide and internationally.

“I will lead America and the world, not only to confront the crisis in front us but to seize the opportunity it presents,” Biden says in a campaign video posted online, warning that failure to act threatens “the livability of our planet” and will accelerate natural disasters that are “already happening.”

Biden also joined many of his Democratic primary opponents in pledging not to accept campaign contributions from the fossil fuel industry and promising to keep the U.S. in the United Nations climate agreement signed in 2015 while he was vice president under President Barack Obama. Trump, who calls climate science a “hoax,” has pledged to withdraw from that accord.

Reaction to plan

But the release of Biden’s plan was not without controversy. The campaign was forced to amend the proposal because a handful of passages did not credit some of its sources. The Biden campaign said “several citations” had been “inadvertently left out.”

Biden’s plan is similar in size and scope to what former Texas Rep. Beto O’Rourke has proposed. Its total price tag falls short of Washington Gov. Jay Inslee’s pitch for $3 trillion in federal spending over a decade and Massachusetts Sen. Elizabeth Warren’s $2 trillion green manufacturing plan, also unveiled Tuesday.

Inslee took advantage of the contrasts, saying at a Michigan campaign stop that Biden’s “proposals really lack teeth and they lack ambition that is necessary to defeat the climate crisis.” He added, “We don’t have 30 years to get this job done. We’ve got to start acting now.”

League of Conservation Voters lobbying executive Tiernan Sittenfeld was more complimentary, applauding Biden for “committing to ambitious goals.” Greenpeace, which recently released a scorecard ranking Biden second to last among Democratic candidates, called the outline “a critical step forward,” but spokesman John Noel added that if Biden “wants to become a leader on climate, he needs to outline a plan to phase out fossil fuels.”

At the pro-Green New Deal Sunrise Movement, executive director Varshini Prakash called Biden’s plan “a good start.” Prakash also gave climate activists credit for pushing Biden to the left following their outcry after a recent news report asserted Biden was looking for a “middle ground” on climate. Biden disputed the report at the time.

As president, Biden says he’d start by reversing many actions of the Trump administration, then turn to necessary congressional action and executive branch regulation, while using U.S. political and economic muscle to limit emissions from other nations.

Lost jobs

He acknowledges that such an overhaul would affect existing U.S. energy workers — coal miners and power plant operators especially. He calls first for pension and benefit protections for all such workers and promises an “unprecedented investment” in retraining and redevelopment in those communities.

Biden recognizes the “environmental justice” movement that highlights how pollution disproportionately affects poorer, mostly nonwhite communities. He pledges a more aggressive Environmental Protection Agency, clean drinking water for all Americans and a focus on minority communities for initial rounds of federal clean energy spending.

He doesn’t offer specific spending amounts for those priorities.

Still, Biden’s dual focus on coal towns and nonwhite communities reflects political lessons from 2016 Democratic presidential nominee Hillary Clinton’s loss. Clinton drew ire in coal country when she said as part of a more sweeping statement on energy development that “we’re going to put a lot of coal miners and coal companies out of business.” 

 

Transportation, construction

Biden also envisions expanding the nation’s railways, theoretically reducing demand for car and airline travel.

Among his ideas for automobiles, Biden calls for fuel economy standards “beyond” the Obama administration’s goal of about 54 miles (87 kilometers) per gallon (3.8 liters). The Trump administration has rolled that back, saying the regulation would increase auto prices. Biden also pitches expanded tax credits for purchases of electric vehicles, along with 500,000 more public charging stations nationwide by the end of 2030.

He calls for reducing carbon output from the nation’s buildings by more than 50 percent by 2035, through new construction and tax breaks for retrofitting existing commercial and residential properties. The Energy Department would be tasked with tightening efficiency standards for household appliances and equipment.

Like O’Rourke, Biden mentions nuclear energy as a source the federal government should boost with tax incentives. That could put him at odds with some activists on the left who cast nuclear energy as too dangerous.

On the international front, Biden calls out China as the world’s biggest coal polluter and says he’d hinge all future bilateral deals with Beijing on carbon reductions. Biden also urges an international alliance that would help other nations afford low-carbon development and pitches a global moratorium on Arctic offshore drilling.

Uber Says IRS Probing its 2013-14 Tax Returns

The U.S. Internal Revenue Service is auditing Uber Technologies’s taxes for 2013 and 2014 and the ride-hailing company expects unrecognized tax benefits to be reduced within the next year by at least $141 million.

In its full quarterly report on Tuesday, Uber said various state and foreign tax authorities were also looking into its taxes and that it was currently unable to put a definite timeline or estimate on the overall adjustments that might result.

The $141 million amount related only to its transfer pricing positions, which refers to the common multinational practice of charging for services between wholly-owned businesses in different countries or jurisdictions to reduce the tax it pays.

Earlier this year, the company had said in a regulatory filing that it expected unrecognized tax benefits related to the audit to be reduced within the next year by at least $127 million.

Industry experts characterize transfer pricing as a relatively risky strategy, which typically is among multinationals’ top tax concerns and has been used by authorities in the past to go after Apple and Amazon.

“Although the timing of the resolution and/or closure of the audits is highly uncertain, it is reasonably possible that the balance of gross unrecognized tax benefits could significantly change in the next 12 months,” the company said.

The announcement came on a day when at least 11 of the brokerages, whose underwriting arms backed Uber’s Wall Street debut last month, weighed in with “buy” recommendations on the company’s shares as a statutory embargo lifted. Citi, however, initiated coverage with a “neutral” rating.

Uber shares gained 2.8% in afternoon trading as the technology sector bounced back from a sell-off on Monday.

The company’s stock has struggled since its market debut on May 10 and is trading below its IPO price of $45.

Still, the shares have outperformed rival Lyft, which have fallen by a third in value since its own debut in March, and analysts from Deutsche Bank said Uber’s stock remained the best internet IPO for investors since Facebook’s launch in 2012.

“Uber should trade at a premium to LYFT given Uber’s larger global scale and reach, cross product growth opportunity and larger ability for long-term leverage,” said analysts at Morgan Stanley. “It is still in the early innings in its core and emerging opportunities.”

In its first quarterly report as a public company last week, Uber reported a $1 billion loss as it spent heavily to build up its food delivery and freight businesses.

But many of the analysts covering the stock on Tuesday said they believed Uber had the scale and time to develop into another powerful U.S. global tech player.

RBC analysts believe the market under-appreciates Uber’s profit potential while analysts at Mizuho Securities expect the intense competition to rationalize over the next few years due to continued consolidation and listings of private peers.

“…Uber has ample room to gain operating leverage from economies of scale,” analysts at Mizuho said.

Democratic Hopeful Warren Proposes $2T ‘Green Manufacturing’ Plan

Democratic U.S. presidential hopeful Elizabeth Warren proposed on Tuesday spending $2 trillion on a new “green manufacturing” program to address climate change that would invest in research and exporting American clean energy technology.

The manufacturing program is the first in a new series of “economic patriotism” proposals Warren is unveiling intended to create American jobs and help U.S. industry.

“This is going to be a big plan for bold structural changes,” Warren said at a campaign rally in Detroit, Michigan.

Warren told the crowd of about 500 in a facility that teaches manufacturing skills that her proposal would be paid for by cutting subsidies in the oil and gas industry. Additionally, by all companies paying more taxes, she said, singling out Amazon.com.

Among the more than 20 Democrats in the field hoping to challenge Republican President Donald Trump in November 2020, Warren has distinguished herself as the most prolific proposer of new policy positions.

Several candidates have offered climate-related policy proposals, including Washington Governor Jay Inslee, who has made it the singular focus of his campaign, and former Vice President Joe Biden, who also announced a climate plan on Tuesday.

Warren said she had not read Biden’s proposal when asked by reporters after her campaign event.

The newest proposal from Warren, a U.S. senator from Massachusetts, lays out how she would carry out some of the policy goals outlined in the Green New Deal, which has the backing of liberal members of her party.

Warren began touting the proposal in a campaign trip to Michigan, a Midwestern state with a large manufacturing sector that shocked political observers in 2016 when voters backed Trump and helped propel him to the White House.

“When we’re talking about manufacturing, when we’re talking about real expertise, we’re talking about Detroit,” Warren said.

The plan is likely to draw criticism from opponents who will argue the price tag is too high and that trying to quickly overhaul the U.S. energy sector would have crippling economic effects.

But Warren also released an evaluation of her three-part proposal conducted by Moody’s economist Mark Zandi, who argued the plan would help the economy on a large scale.

“There is no free lunch, and big businesses, oil and gas companies, and multinationals pay for the cost of this plan,” Zandi wrote. “The economy benefits, although it would take more than a decade for this benefit to be fully realized.”

The first part of Warren’s plan calls for spending $400 billion over 10 years on clean energy research and development.

Warren said she believes the United States could one day use no fossil fuels. “It’s part of our technological bandwidth,” she said in a brief news conference after the Detroit rally.

Next, Warren proposed increasing the amount the United States spends on “American-made clean, renewable, and emission-free energy products for federal, state, and local use, and for export.”

Warren said the United States currently spends $1.5 trillion on defense procurement, which she called “bloated,” and argued that an equal amount should be spent on clean energy.

As part of this proposal, Warren would require companies that sell to the federal government pay their employees at least $15 an hour, that employees receive 12 weeks paid family and medical leave and be able to form unions. Labor practices were included in Green New Deal proposals.

Finally, Warren called for creating a new federal office responsible for trying to get foreign countries to purchase U.S. clean energy technology.

Likening it to programs that help foreign countries buy U.S.-made weapons, Warren would allocate $100 billion to assist countries buying U.S. energy technologies.

While acknowledging ambitious goals that liberal advocates have supported to reduce greenhouse gas emissions to net-zero by 2050, Warren said it was important that other countries cut emissions as well.

“We need other countries to slash their emissions, and that means we need to supply the world with clean energy products (at low enough prices to displace dirty alternatives) to put us on the right path,” Warren wrote on Medium.

White House Tells 2 Ex-Aides to Defy Democrats’ Subpoenas

The White House on Tuesday directed two more former aides, including top presidential adviser Hope Hicks, to defy subpoenas from Democratic lawmakers investigating whether U.S. President Donald Trump obstructed justice by trying to thwart the probe of Russian meddling in the 2016 election.

House Judiciary Committee Chairman Jerry Nadler said Hicks and Annie Donaldson, the former chief of staff for ex-White House counsel Donald McGahn, were told to not comply with his panel’s subpoenas for documents from their time working in the White House. Trump had earlier blocked McGahn’s cooperation with the committee, where an impeachment inquiry would begin against Trump if Democrats decide to pursue it.

Hicks worked for the Trump Organization, the president’s business empire, before he entered politics. She served as his campaign press secretary and later became White House communications director, before resigning in early 2018. She once testified to Congress that she told “white lies” on Trump’s behalf.

Nadler said Hicks has turned over some documents from her time working on Trump’s campaign. The Nadler committee is trying to arrange public testimony from Hicks, McGahn and Donaldson.

Trump has vowed to fight all Democratic subpoenas. The Democratic-controlled House of Representatives is voting next week on whether to hold McGahn and Attorney General William Barr in contempt of Congress for their defiance of Judiciary Committee subpoenas, with Nadler saying that he expects Hicks and Donaldson also will eventually be held in contempt.

Donaldson was a key witness for special counsel Robert Mueller’s investigation into whether Trump obstructed justice. Mueller’s team of lawyers relied on copious notes she took about McGahn’s interactions with Trump, with McGahn telling investigators that Trump directed him to seek Mueller’s dismissal. McGahn ignored the president’s request, then later left his White House job last year to return to private legal practice in Washington.

Mueller outlined several instances of alleged obstruction by Trump in the 448-page report released in April, but said he could not bring any charges against the president because of Justice Department restrictions prohibiting filing of charges against a sitting president. Barr and then Deputy Attorney General Rod Rosenstein subsequently decided that no criminal charges were warranted against Trump.

Nadler protested the White House stance blocking cooperation from Hicks and Donaldson, saying, “The president has no lawful basis for preventing these witnesses from complying with our request.”

 

White House Tells 2 Ex-Aides to Defy Democrats’ Subpoenas

The White House on Tuesday directed two more former aides, including top presidential adviser Hope Hicks, to defy subpoenas from Democratic lawmakers investigating whether U.S. President Donald Trump obstructed justice by trying to thwart the probe of Russian meddling in the 2016 election.

House Judiciary Committee Chairman Jerry Nadler said Hicks and Annie Donaldson, the former chief of staff for ex-White House counsel Donald McGahn, were told to not comply with his panel’s subpoenas for documents from their time working in the White House. Trump had earlier blocked McGahn’s cooperation with the committee, where an impeachment inquiry would begin against Trump if Democrats decide to pursue it.

Hicks worked for the Trump Organization, the president’s business empire, before he entered politics. She served as his campaign press secretary and later became White House communications director, before resigning in early 2018. She once testified to Congress that she told “white lies” on Trump’s behalf.

Nadler said Hicks has turned over some documents from her time working on Trump’s campaign. The Nadler committee is trying to arrange public testimony from Hicks, McGahn and Donaldson.

Trump has vowed to fight all Democratic subpoenas. The Democratic-controlled House of Representatives is voting next week on whether to hold McGahn and Attorney General William Barr in contempt of Congress for their defiance of Judiciary Committee subpoenas, with Nadler saying that he expects Hicks and Donaldson also will eventually be held in contempt.

Donaldson was a key witness for special counsel Robert Mueller’s investigation into whether Trump obstructed justice. Mueller’s team of lawyers relied on copious notes she took about McGahn’s interactions with Trump, with McGahn telling investigators that Trump directed him to seek Mueller’s dismissal. McGahn ignored the president’s request, then later left his White House job last year to return to private legal practice in Washington.

Mueller outlined several instances of alleged obstruction by Trump in the 448-page report released in April, but said he could not bring any charges against the president because of Justice Department restrictions prohibiting filing of charges against a sitting president. Barr and then Deputy Attorney General Rod Rosenstein subsequently decided that no criminal charges were warranted against Trump.

Nadler protested the White House stance blocking cooperation from Hicks and Donaldson, saying, “The president has no lawful basis for preventing these witnesses from complying with our request.”

 

Mexico Warns US Tariff Would Hurt Both Nations

Michael Bowman contributed to this report.

Mexico warned Monday that President Donald Trump’s threatened new tariff on its exports to the United States would hurt both countries’ economies and cause even more Central American migrants to travel through Mexico to reach the United States.

At the start of talks in Washington, Mexican officials said they could only go so far in meeting Trump’s demand to block migrants’ passage through Mexico to avert Trump’s imposition of a 5% tariff next week. The officials specifically ruled out a “third safe country” agreement requiring U.S. asylum-seekers to first apply for refuge in Mexico.

​”There is a clear limit to what we can negotiate, and the limit is Mexican dignity,” Mexico’s ambassador to the United States, Martha Barcena, said.

Barcena added that U.S. tariffs “could cause financial and economic instability,” reducing Mexico’s capacity to address the flow of migrants and “offer alternatives” to people fleeing Guatemala, Honduras and El Salvador.

Mexican officials contended that an additional quarter million migrants could try to reach the U.S. if the tariff is imposed, on top of the tens of thousands already reaching the southern U.S. border each month.

Trump showed no sign of softening his demand as he tweeted during a visit to London.

Mexican President Andres Manuel Lopez Obrador remained confident the two sides would reach an agreement, telling reporters Monday that he was optimistic.

He said his government would not engage in confrontation, and would always defend those who migrate out of necessity due to violence or a lack of food or job opportunities. He also remained positive that no matter what happens in the dispute with the United States, Mexico has “exception, extraordinary,” people and can push through any adversity.

U.S. Secretary of State Mike Pompeo and Mexican Foreign Relations Secretary Marcelo Ebrard are due to hold further talks about the dispute on Wednesday.

U.S. lawmakers returning to Washington after a weeklong congressional recess sharply criticized Trump’s latest tariff tactic aimed at a major U.S. trading partner.

“This (tariffs) is not a popular concept,” Republican Sen. John Cornyn said of public opinion in Texas, which he represents. “Mexico is our biggest export market.”

Another Republican, Missouri Sen. Roy Blunt, expressed concerns that trade friction could harm a newly negotiated free trade pact between the United States, Mexico and Canada.

“I’m not a big advocate of tariffs, and I’d like to get the USMCA agreement approved,” Blunt told VOA. “I don’t see how the addition of a tariff (on Mexican goods) right now helps make that happen.”

“Mexico is a critical trading partner of the United States,” Democratic Sen. Ben Cardin of Maryland said. “You put up barriers, it’s going to end up costing us jobs, and it’s going to cost consumers.”

Cardin added that Trump’s threatened tariff “would be counterproductive,” as far as boosting U.S. border security.

“If we need cooperation on the southern border, they (Mexican officials) are not going to give us cooperation. Why bother if we’re going to have an antagonistic relationship?” Cardin said.

Mexico Warns US Tariff Would Hurt Both Nations

Michael Bowman contributed to this report.

Mexico warned Monday that President Donald Trump’s threatened new tariff on its exports to the United States would hurt both countries’ economies and cause even more Central American migrants to travel through Mexico to reach the United States.

At the start of talks in Washington, Mexican officials said they could only go so far in meeting Trump’s demand to block migrants’ passage through Mexico to avert Trump’s imposition of a 5% tariff next week. The officials specifically ruled out a “third safe country” agreement requiring U.S. asylum-seekers to first apply for refuge in Mexico.

​”There is a clear limit to what we can negotiate, and the limit is Mexican dignity,” Mexico’s ambassador to the United States, Martha Barcena, said.

Barcena added that U.S. tariffs “could cause financial and economic instability,” reducing Mexico’s capacity to address the flow of migrants and “offer alternatives” to people fleeing Guatemala, Honduras and El Salvador.

Mexican officials contended that an additional quarter million migrants could try to reach the U.S. if the tariff is imposed, on top of the tens of thousands already reaching the southern U.S. border each month.

Trump showed no sign of softening his demand as he tweeted during a visit to London.

Mexican President Andres Manuel Lopez Obrador remained confident the two sides would reach an agreement, telling reporters Monday that he was optimistic.

He said his government would not engage in confrontation, and would always defend those who migrate out of necessity due to violence or a lack of food or job opportunities. He also remained positive that no matter what happens in the dispute with the United States, Mexico has “exception, extraordinary,” people and can push through any adversity.

U.S. Secretary of State Mike Pompeo and Mexican Foreign Relations Secretary Marcelo Ebrard are due to hold further talks about the dispute on Wednesday.

U.S. lawmakers returning to Washington after a weeklong congressional recess sharply criticized Trump’s latest tariff tactic aimed at a major U.S. trading partner.

“This (tariffs) is not a popular concept,” Republican Sen. John Cornyn said of public opinion in Texas, which he represents. “Mexico is our biggest export market.”

Another Republican, Missouri Sen. Roy Blunt, expressed concerns that trade friction could harm a newly negotiated free trade pact between the United States, Mexico and Canada.

“I’m not a big advocate of tariffs, and I’d like to get the USMCA agreement approved,” Blunt told VOA. “I don’t see how the addition of a tariff (on Mexican goods) right now helps make that happen.”

“Mexico is a critical trading partner of the United States,” Democratic Sen. Ben Cardin of Maryland said. “You put up barriers, it’s going to end up costing us jobs, and it’s going to cost consumers.”

Cardin added that Trump’s threatened tariff “would be counterproductive,” as far as boosting U.S. border security.

“If we need cooperation on the southern border, they (Mexican officials) are not going to give us cooperation. Why bother if we’re going to have an antagonistic relationship?” Cardin said.

Officials Warn Tariffs on Mexico Would Not Reduce Migration

U.S. and Mexican officials warn that raising tariffs on Mexican goods to get Mexico to stem the influx of Central American migrants on the way to the U.S. border would hurt the economics of both countries. U.S. President Donald Trump has threatened to apply tariffs of 5% on all Mexican goods starting June 10, and increase the rate in coming months to up to 25% if Mexico does not substantially halt the migrants heading to the U.S. border. VOA’s Zlatica Hoke has more.

Officials Warn Tariffs on Mexico Would Not Reduce Migration

U.S. and Mexican officials warn that raising tariffs on Mexican goods to get Mexico to stem the influx of Central American migrants on the way to the U.S. border would hurt the economics of both countries. U.S. President Donald Trump has threatened to apply tariffs of 5% on all Mexican goods starting June 10, and increase the rate in coming months to up to 25% if Mexico does not substantially halt the migrants heading to the U.S. border. VOA’s Zlatica Hoke has more.

Congress Finally to Send $19B Disaster Aid Bill to Trump

Congress is finally shipping President Donald Trump a $19.1 billion disaster aid bill, a measure stalled for months by infighting, misjudgment, and a presidential feud with Democrats.

The House is approving the measure in its first significant action as it returns from a 10-day recess. It is slated for a Monday evening vote in which Republicans whose home districts have been hit by hurricanes, floods, tornadoes and fires are set to join with majority Democrats to deliver a big vote for the measure.

Conservative Republicans had held up the bill during the recess, objecting on three occasions to efforts by Democratic leaders to pass the bill by a voice vote requiring unanimity. They say the legislation — which reflects an increasingly permissive attitude in Washington on spending to address disasters that sooner or later hit every region of the country — shouldn’t be rushed through without a recorded vote.

Along the way, House and Senate old-timers have seemed to outmaneuver the White House, though Trump personally prevailed upon Senate Appropriations Committee Chairman Richard Shelby, R-Ala., to drop a bid to free up billions of dollars for dredging and other harbor projects. The Senate passed the bill by a sweeping 85-8 vote on its way out of Washington May 23, a margin that reflected a consensus that the bill is long overdue.

The measure was initially held up over a fight between Trump and Democrats over aid to Puerto Rico that seems long settled. 

 

“Some in our government refused to assist our fellow Americans in Puerto Rico who are still recovering from a 2017 hurricane. I’m pleased we’ve moved past that,” said House Appropriations Committee Chairwoman Nita Lowey, D-N.Y. “Because when disaster strikes, we shouldn’t let a ZIP code dictate our response.” 

​Migrant issue

 

The measure also faced delays amid failed talks on Trump’s $4 billion-plus request to care for thousands of mostly Central American migrants being held at the southern border. The sides narrowed their differences but couldn’t reach agreement in the rush to go on recess but everyone agrees that another bill will be needed almost immediately to refill nearly empty agency accounts to care for migrants.

The measure is largely the same as a version that passed the House last month that Republicans opposed for leaving out the border funding.

“We must work together quickly to pass a bill that addresses the surge of unaccompanied children crossing the border and provides law enforcement agencies with the funding they need,” said top Appropriations Committee Republican Kay Granger of Texas. “The stakes are high. There are serious — life or death — repercussions if the Congress does not act.” 

 

Among the reasons was a demand by House liberals to block the Homeland Security Department from getting information from federal social welfare authorities to help track immigrants residing in the U.S. illegally who take migrant refugee children into their homes.

​Floods, tornadoes

As the measure languished, disasters kept coming — with failed levees in Arkansas, Iowa and Missouri and tornadoes across Ohio just the most recent examples. The measure is supported by the bipartisan party leadership in both House and Senate.

The legislation is also being driven by Florida and Georgia lawmakers steaming with frustration over delays in delivering help to farmers, towns, and military bases slammed by hurricanes last fall. Flooding in Iowa and Nebraska this spring added to the coalition behind the measure, which delivers much of its help to regions where Trump supporters dominate.

The bill started out as a modest $7.8 billion measure passed in the last days of House GOP control. A $14 billion version advanced in the Pelosi-led chamber in January and ballooned to $19.1 billion by the time it emerged from the floor last month, fed by new funding for community rehabilitation projects, Army Corps of Engineers water and flood protection projects, and rebuilding funds for several military bases, including Offutt Air Force Base in Nebraska.

Many Republicans opposed funding to mitigate future disasters as part of rebuilding projects when Superstorm Sandy funding passed in 2013 only to embrace it now that areas such as suburban Houston need it. Democrats, for their part, held firm for what ended up as roughly $1.4 billion for Puerto Rico, letting Trump feud with the U.S. territory’s Democratic officials for weeks and deflecting political blame for stalling the bill.

Congress Finally to Send $19B Disaster Aid Bill to Trump

Congress is finally shipping President Donald Trump a $19.1 billion disaster aid bill, a measure stalled for months by infighting, misjudgment, and a presidential feud with Democrats.

The House is approving the measure in its first significant action as it returns from a 10-day recess. It is slated for a Monday evening vote in which Republicans whose home districts have been hit by hurricanes, floods, tornadoes and fires are set to join with majority Democrats to deliver a big vote for the measure.

Conservative Republicans had held up the bill during the recess, objecting on three occasions to efforts by Democratic leaders to pass the bill by a voice vote requiring unanimity. They say the legislation — which reflects an increasingly permissive attitude in Washington on spending to address disasters that sooner or later hit every region of the country — shouldn’t be rushed through without a recorded vote.

Along the way, House and Senate old-timers have seemed to outmaneuver the White House, though Trump personally prevailed upon Senate Appropriations Committee Chairman Richard Shelby, R-Ala., to drop a bid to free up billions of dollars for dredging and other harbor projects. The Senate passed the bill by a sweeping 85-8 vote on its way out of Washington May 23, a margin that reflected a consensus that the bill is long overdue.

The measure was initially held up over a fight between Trump and Democrats over aid to Puerto Rico that seems long settled. 

 

“Some in our government refused to assist our fellow Americans in Puerto Rico who are still recovering from a 2017 hurricane. I’m pleased we’ve moved past that,” said House Appropriations Committee Chairwoman Nita Lowey, D-N.Y. “Because when disaster strikes, we shouldn’t let a ZIP code dictate our response.” 

​Migrant issue

 

The measure also faced delays amid failed talks on Trump’s $4 billion-plus request to care for thousands of mostly Central American migrants being held at the southern border. The sides narrowed their differences but couldn’t reach agreement in the rush to go on recess but everyone agrees that another bill will be needed almost immediately to refill nearly empty agency accounts to care for migrants.

The measure is largely the same as a version that passed the House last month that Republicans opposed for leaving out the border funding.

“We must work together quickly to pass a bill that addresses the surge of unaccompanied children crossing the border and provides law enforcement agencies with the funding they need,” said top Appropriations Committee Republican Kay Granger of Texas. “The stakes are high. There are serious — life or death — repercussions if the Congress does not act.” 

 

Among the reasons was a demand by House liberals to block the Homeland Security Department from getting information from federal social welfare authorities to help track immigrants residing in the U.S. illegally who take migrant refugee children into their homes.

​Floods, tornadoes

As the measure languished, disasters kept coming — with failed levees in Arkansas, Iowa and Missouri and tornadoes across Ohio just the most recent examples. The measure is supported by the bipartisan party leadership in both House and Senate.

The legislation is also being driven by Florida and Georgia lawmakers steaming with frustration over delays in delivering help to farmers, towns, and military bases slammed by hurricanes last fall. Flooding in Iowa and Nebraska this spring added to the coalition behind the measure, which delivers much of its help to regions where Trump supporters dominate.

The bill started out as a modest $7.8 billion measure passed in the last days of House GOP control. A $14 billion version advanced in the Pelosi-led chamber in January and ballooned to $19.1 billion by the time it emerged from the floor last month, fed by new funding for community rehabilitation projects, Army Corps of Engineers water and flood protection projects, and rebuilding funds for several military bases, including Offutt Air Force Base in Nebraska.

Many Republicans opposed funding to mitigate future disasters as part of rebuilding projects when Superstorm Sandy funding passed in 2013 only to embrace it now that areas such as suburban Houston need it. Democrats, for their part, held firm for what ended up as roughly $1.4 billion for Puerto Rico, letting Trump feud with the U.S. territory’s Democratic officials for weeks and deflecting political blame for stalling the bill.

US House Judiciary Committee to Hold June 10 Hearing on Mueller Report

The Democrat-controlled U.S. House of Representatives Judiciary Committee will hold a hearing on June 10 on Robert Mueller’s report on Russian interference in the 2016 presidential election and its connections to Donald Trump’s campaign.

The committee will hear testimony from former U.S. attorneys and legal experts, including John Dean, a Trump critic and former White House counsel to President Richard Nixon who served a year in prison in connection with the Watergate scandal.

“We have learned so much even from the redacted version of Special Counsel Robert Mueller’s report,” Committee Chairman Jerrold Nadler said in a statement.

“These hearings will allow us to examine the findings laid out in Mueller’s report so that we can work to protect the rule of law and protect future elections through consideration of legislative and other remedies,” Nadler said. 

In a 448-page, redacted report released in April, Mueller documented numerous occasions in which Trump sought to quash the probe, including by firing former FBI Director James Comey. Mueller ultimately did not reach a decision as to whether Trump had obstructed justice, however.

The special counsel said last week that even if he had been willing to conclude Trump had committed a crime, he could not have indicted him because of a Justice Department policy that prohibits indicting a sitting president.

” … Our first hearing will focus on President Trump’s most overt acts of obstruction. In the coming weeks, other hearings will focus on other important aspects of the Mueller report,” Nadler said.

The House Judiciary Committee has already held many hearings and sought materials and testimony related to its investigation into whether Trump tried to obstruct Mueller’s probe.

Last month, Attorney General William Barr refused to appear for a scheduled committee hearing before the committee and the White House blocked former White House Counsel Don McGahn from appearing at another hearing.

Pompeo Renews Warning to European Allies to Not Use Huawei for 5G

The United States is again calling on European allies to be careful of what it says are security risks posed by Chinese telecommunication company Huawei, as countries build out their 5G networks.

“We’ve been clear: our ask is that our allies and our partners and our friends don’t do anything that would endanger our shared security interests or restrict our ability to share sensitive information,” said U.S. Secretary of State Mike Pompeo on Monday after meeting with Dutch Foreign Minister Stef Blok in The Hague.

The top U.S. diplomat’s remarks come amid the Dutch intelligence agency’s investigation over alleged hidden backdoors in the software that could have given Huawei unauthorized access to users’ data.

Huawei’s CEO Ren Zhengfei has maintained his company would not share confidential user information and Huawei denies it is controlled by Beijing. The company also says it does not work with the Chinese government, an assertion Pompeo and other U.S. officials have rejected.

Blok said while his government wants to align policies with allies, the Dutch will make its own security decisions as it prepares to auction off new 5G internet rights.

“There is a specialist committee working now to decide on what criteria to add to the 5G option and somewhere this summer those criteria will be published,” said the Dutch foreign minister.

Pompeo and Blok met on the sidelines of a three-day Global Entrepreneurship Summit co-hosted by the U.S. and the Netherlands in The Hague.

 

This preeminent annual gathering convenes entrepreneurs, investors, and their supporters from more than 120 countries.

 

Eyeing China, Pompeo said the United States is seeking terms for fair trade practices.

“Authoritarian states can steal ideas and prop up their own business enterprises, but they’ll never match the entrepreneurship and innovation found in free societies,” said Pompeo, stressing the importance of intellectual property rights protection, the rule of law, as well as a predictable and consistent legal system.

Friday, Pompeo warned German authorities that the U.S. could withhold national security information if Germany adopts 5G networks run by Huawei because “it is not possible to mitigate” the security risks.

 

The White House has effectively blacklisted Huawei, making it harder to continue doing business with American companies.

 

In response, China says it plans to target organizations or individuals that deemed to damage Chinese companies’ interests in a so-called “unreliable foreigners list.”

 

Pompeo Renews Warning to European Allies to Not Use Huawei for 5G

The United States is again calling on European allies to be careful of what it says are security risks posed by Chinese telecommunication company Huawei, as countries build out their 5G networks.

“We’ve been clear: our ask is that our allies and our partners and our friends don’t do anything that would endanger our shared security interests or restrict our ability to share sensitive information,” said U.S. Secretary of State Mike Pompeo on Monday after meeting with Dutch Foreign Minister Stef Blok in The Hague.

The top U.S. diplomat’s remarks come amid the Dutch intelligence agency’s investigation over alleged hidden backdoors in the software that could have given Huawei unauthorized access to users’ data.

Huawei’s CEO Ren Zhengfei has maintained his company would not share confidential user information and Huawei denies it is controlled by Beijing. The company also says it does not work with the Chinese government, an assertion Pompeo and other U.S. officials have rejected.

Blok said while his government wants to align policies with allies, the Dutch will make its own security decisions as it prepares to auction off new 5G internet rights.

“There is a specialist committee working now to decide on what criteria to add to the 5G option and somewhere this summer those criteria will be published,” said the Dutch foreign minister.

Pompeo and Blok met on the sidelines of a three-day Global Entrepreneurship Summit co-hosted by the U.S. and the Netherlands in The Hague.

 

This preeminent annual gathering convenes entrepreneurs, investors, and their supporters from more than 120 countries.

 

Eyeing China, Pompeo said the United States is seeking terms for fair trade practices.

“Authoritarian states can steal ideas and prop up their own business enterprises, but they’ll never match the entrepreneurship and innovation found in free societies,” said Pompeo, stressing the importance of intellectual property rights protection, the rule of law, as well as a predictable and consistent legal system.

Friday, Pompeo warned German authorities that the U.S. could withhold national security information if Germany adopts 5G networks run by Huawei because “it is not possible to mitigate” the security risks.

 

The White House has effectively blacklisted Huawei, making it harder to continue doing business with American companies.

 

In response, China says it plans to target organizations or individuals that deemed to damage Chinese companies’ interests in a so-called “unreliable foreigners list.”

 

Apple to Preview New Software as It Makes Big Transition

Apple will preview upcoming changes to its phone and computer software Monday as it undergoes a major transition intended to offset eroding sales of its bedrock iPhone.

The company’s software showcase is an annual rite. But Apple is currently grappling with its biggest challenge since its visionary co-founder, Steve Jobs, died nearly eight years ago.

Many of the software updates are expected to be tailored for the digital services that Apple is rolling out to lessen its iPhone dependence.

Although still popular, the iPhone is no longer reliably driving Apple’s profits higher.  sales have fallen sharply for the past two quarters and there’s little reason to expect a quick turnaround.

US 2020 Hopeful Cory Booker Rolls Out Iowa Steering Committee

Democratic White House hopeful Cory Booker is rolling out his Iowa steering committee, a team of activists and operatives that features party powerbroker Jerry Crawford, who played a key role in each of Bill and Hillary Clinton’s presidential campaigns in the state.

Crawford, a Des Moines-area attorney who also played leading roles on Al Gore and John Kerry’s campaigns, said he’s been courted by multiple campaigns but told The Associated Press in an interview he’s backing Booker because of the New Jersey U.S. senator’s positive message.

“I’m very much drawn to his passion for civility and his determination to pursue healing,” Crawford said.

Crawford is among 10 Iowa activists, operatives and elected officials who plan to provide strategic advice and operational support to Booker’s campaign as part of his Iowa steering committee, being rolled out Monday. The group includes four other previously unannounced endorsers: former Iowa state House minority leader Rep. Mark Smith and city councilmembers Dale Todd, of Cedar Rapids, and Mazahir Salih and Bruce Teague, both of Iowa City. Booker’s campaign said it hopes all three will help organize African American support for him in their respective cities.

The other five steering committee members are state Reps. Amy Nielsen and Jennifer Konfrst; Iowa Democratic Party central committee members Landra Jo Reece and Melinda Jones; and former American Federation of State, County and Municipal Employees political director Marcia Nichols, all of whom previously expressed their support for Booker.

“From local activists to council members and state representatives, these individuals have been on the forefront of standing up for their communities,” Booker said in a statement.

Crawford, whose weekend conversation with the AP was interrupted by a call from Booker, said he plans to be in touch with the Booker campaign multiple times a week and has already begun efforts to convince other major Iowa political players to get on board with the campaign. Besides gathering support for the candidate over the next nine months, Booker’s team sees the members of his steering committee as key forces on caucus night, the kind of voices who could win over persuadable caucus-goers in key precincts.

With at least 50 staffers on the ground, Booker’s Iowa team is widely seen inside the state as one of the strongest and most seasoned, behind only Massachusetts U.S. Sen. Elizabeth Warren’s in numbers. But thus far, Booker’s staffing strength hasn’t translated to support in the polls: Booker still draws only low single-digit support in nationwide and state surveys.

Booker’s staff and advisers dismiss the polls as too early to be predictive and argue that the senator is running more of a slow burn-style campaign that will ensure he has the operation in place to harness any momentum in the fall if he does catch fire — and enough resources to sustain it through the caucuses and beyond.

“This is a horrible time to be one of the front-runners,” Crawford said, noting that early Iowa front-runners “don’t do very well, historically speaking.”

Crawford said he expects to see Booker surge around Thanksgiving, but right now, “Cory’s exactly where you want to be.”

 

Mexican President Urges Oil Independence Amid US Trade Tensions

Mexican President Andres Manuel Lopez Obrador reiterated on Sunday the need for oil independence as his government said it would tender six construction contracts in June for a planned oil refinery in the southern state of Tabasco.

Tensions between Mexico and the United States have been running high in recent days after President Donald Trump threatened to impose punitive tariffs on Mexican goods unless Mexico halts a surge in illegal migration.

“We, our children and grandchildren aspire to live in a free, independent, sovereign country and we do not want to be a colony of any foreign country,” Lopez Obrador told a cheering crowd at an event to mark the start of the refinery’s construction.

“The most important thing at this moment in time is producing petroleum,” he added, saying the country needed to work toward “energy self-sufficiency.”

Much of Mexico’s gasoline need is met by U.S. imports, and Lopez Obrador wants Mexico to be able to cover its own demand.

“We have, I repeat, a good relationship with the United States, and with all governments in the world, but we do not want to be exposed and therefore it’s important that we are self-sufficient,” the president added.

Lopez Obrador has used similar language in the past when talking about oil, but his comments were lent extra weight because of the recent flare-up in tensions with Trump.

At the event, he repeated his desire to have good relations with Trump, but was at pains to say that maintaining the friendship of the American people was of paramount importance.

Mexican Energy Minister Rocio Nahle said at the same event that Mexico would tender six contracts for the plan to build the country’s first oil refinery in four decades.

“We will be tendering six construction contracts at the end of June so that all the parts that are under construction can start at the same time and we can finish the refinery in three years,” she said, without giving more details.

Investors in highly indebted state oil company Pemex, which will build the refinery, have repeatedly expressed concern that the project would divert funds from the more profitable exploration and production business. 

Google Server Trouble Snarls YouTube, Snapchat

Congested Google servers in the eastern United States caused problems for users of Snapchat and YouTube on Sunday, with complaints on social media that the popular apps weren’t accessible.

Google acknowledged the issue, writing in a statement on its Cloud Platform status page that it was dealing with “high levels of network congestion in the eastern USA, affecting multiple services in Google Cloud, G Suite and YouTube.”

“Users may see slow performance or intermittent errors,” it said, adding that engineers had completed the first of two steps to restore normal operations.

Earlier in the day, social media users complained of trouble loading a slew of popular websites and apps.

“Google, YouTube, Snapchat, Shopify, all currently down. Is the internet melting?” asked one Twitter post.

Snapchat and Google-owned YouTube both acknowledged the server issue on their Twitter accounts.

Cloud computing is one of Google’s most lucrative services, but faces stiff competition from other technology companies like Amazon and Microsoft.

In March, the world’s largest social network, Facebook, blamed a “server configuration change” for a massive outage affecting its applications around the world.

The outage affected users for at least 12 hours in most areas of the world, with the biggest impact in North America and Europe, a tracking website said at the time.

 

Sanders Kicks Fight Against Trump Into High Gear

U.S. Senator Bernie Sanders on Sunday called on California Democrats to unite against Donald Trump, kicking the 2020 presidential campaign into high gear with jabs against the Republican president and a veiled swipe at Democratic rival Joe Biden.

Sanders called Trump “a racist, a sexist, a homophobe and a religious bigot” in a speech capping off a state Democratic convention that drew fourteen of the 24 candidates to make their case before 5,000 delegates, guests and press in the most populous – and most heavily Democratic – U.S. state.

“Together we are going to defeat a president who has the most corrupt administration in history,” Sanders said, “and a president who knows nothing about real American values.”

The San Francisco convention became a window into the forces at work in the Democratic Party as it seeks to recover from Trump’s populist-fueled victory in 2016.

The party’s left-leaning delegates greeted Sanders and liberal U.S. Senator Elizabeth Warren like rock stars.

Former Colorado Governor John Hickenlooper drew boos when he said socialist policies would not propel the party to victory, and other moderates were booed for rejecting the idea of a universal public health care system, or Medicare for All.

Former vice president Joe Biden, who leads Sanders in polls for the Democratic nomination in California and nationwide, did not attend the convention, drawing barely veiled criticism from Sanders.

Sanders noted that the fourteen candidates who addressed the convention, as well as some who had “chosen for whatever reason not to be in this room,” offer a variety of ways to approach a campaign against Trump. But Sanders rejected the centrist approach favored by Biden and some other candidates.

On issues like health care, pharmaceutical prices and climate change wracking the country, “there is no middle ground,” Sanders said.

Addressing concerns among some Democrats that a moderate would be more electable than a fiery progressive, Sanders said such an approach would not generate the enthusiasm needed to defeat Trump.

“We will not defeat Donald Trump unless we bring excitement and energy into the campaign and unless we give millions of working people and young people a reason to vote and a reason to believe that politics is relevant to their lives,” Sanders said.

California, which will send nearly 500 delegates to the party’s nominating convention next year, took on new heft for the 2020 campaign after moving its nominating election to March from June. Democrats hold all statewide elective offices in the state, and dominate both houses of the legislature.

U.S. Senator Kamala Harris, a native daughter who has been eclipsed in early polling in California by Biden and Sanders, made clear she was not taking her home state for granted.

On Saturday, supporters with signs bearing her name and shouting “Kamala! Kamala!” formed a gauntlet that Sanders was forced to walk through on his way into a labor union breakfast.

“I am here to earn everyone’s support, and I’m going to fight to earn it,” Harris said at a breakfast held by the party’s women’s caucus.