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Mnuchin says talks with PBOC’s Yi ‘constructive’

FUKUOKA, Japan (AP) — The Latest on a meeting of financial leaders of the Group of 20 major economies (all times local):

3:40 p.m.

U.S. Treasury Secretary Steven Mnuchin says he held a constructive meeting with the head of China’s central bank and that their discussion on trade issues was “candid.”

Mnuchin made the comment in a Twitter post Sunday showing him shaking hands with Yi Gang, governor of the People’s Bank of China.

The two met on the sidelines of the G-20 finance meeting in Japan.

Trump says tariffs on Mexico suspended indefinitely

WASHINGTON (AP) — President Donald Trump announced late Friday that he had suspended plans to impose tariffs on Mexico, tweeting that the country “has agreed to take strong measures” to stem the flow of Central American migrants into the United States. But the deal the two neighbors agreed to falls short of some of the dramatic overhauls the U.S. had pushed for.

US carrier in Persian Gulf region sends clear signal to Iran

ABOARD THE USS ABRAHAM LINCOLN (AP) — Under a starry sky, U.S. Navy fighter jets catapulted off the aircraft carrier’s deck and flew north over the darkened waters of the northern Arabian Sea, a unmistaken signal to Iran that the foremost symbol of the American military’s global reach is back in its neighborhood, perhaps to stay.

G-20 talks trade, finance as Japan readies for Osaka summit

FUKUOKA, Japan (AP) — Trade and economy ministers of the Group of 20 major economies met Sunday in Japan to discuss ways to reorder trade rules and finances in an era of technological change and protectionism.

The meetings of financial leaders in the southern city of Fukuoka and of economic ministers in Tsukuba, near Tokyo, are aiming to forge a consensus on a range of issues to be endorsed by leaders who will meet in late June in Osaka.

China may restrict tech access in spiraling US trade dispute

BEIJING (AP) — China is creating a system to protect its technology, according to state media, as the U.S. restricts the access of Chinese companies to American technology in a spiraling trade dispute.

The People’s Daily newspaper said Sunday that the system will build a strong firewall to strengthen the nation’s ability to innovate and to accelerate the development of key technologies.

US-China trade war sparks worries about rare minerals

PHOENIX (AP) — Rising trade tensions between the U.S. and China have sparked worries about the 17 exotic-sounding rare earth minerals needed for high-tech products like robotics, drones and electric cars.

China recently raised tariffs to 25% on rare earth exports to the U.S. and has threatened to halt exports altogether after the Trump administration raised tariffs on Chinese products and blacklisted telecommunications giant Huawei.

Trump to host Qatar emir at White House

8 June 2019; MEMO: US President Donald Trump will host Qatari Emir Tamim bin Hamad al-Thani at the White House next month, the executive mansion announced Friday, Anadolu Agency reported.

The July 9 meeting will allow Trump and al-Thani to “build on the longstanding partnership between the United States and Qatar and further strengthen our already substantial economic and security ties,” spokeswoman Sarah Sanders said in a statement.

Erdogan: ‘We will not allow anyone to deny Turkish Cypriots their rights’

8 June 2019; MEMO: Turkish President Recep Tayyip Erdogan has stated that “Turkish Cypriots in Northern Cyprus have rights in the eastern Mediterranean and we cannot allow anyone to confiscate these rights”.

Erdogan voiced his opinion in a press statement yesterday, adding that “the Turkish Cypriots have the same right to the Mediterranean’s natural and underground resources as the Greek Cypriots, in accordance with international law”.

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