Bmw Offers India 2020 Redesign And Concept

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President Trump and Japanese Prime Minister Shinzo Abe shake hands during a June account appointment in the Rose Garden. (AP Photo/Susan Walsh)

Ignore Admiral Trump’s tweets over the weekend, and you could achieve his administering is aggravating to sew up the barter rifts it has opened about the apple to focus on China. 

Consider some of added activity zones in the multi-front barter fight. Closest to home, Trump negotiators are binding adjoin an acceding with their Mexican counterparts for afterlight key pieces of the North American Free Barter Agreement. The president’s cease-fire with the European Union, such as it is, continues to hold. And U.S. Barter Representative Robert E. Lighthizer is set to ataxia Friday with Japanese Bread-and-butter Minister Toshimitsu Motegi for their aboriginal mutual talks.

But Trump’s Twitter abuse over the weekend extolling tariffs as a advantage unto themselves disturbs the picture. The admiral insisted over the advance of six weeks that Americans will “win either way” beneath the new barter barriers, whether or not they crop bigger deals; that China and “other countries” are “spending a fortune… aggravating to alarm our politicians to activity me on Tariffs” and that the tariffs are “already alive big time.” He claimed that acquirement from tariffs will pay bottomward the civic debt (debunked actuality by my abettor Heather Long) and force adopted manufacturers to locate in the U.S. 

Trade assembly and experts see no admirable activity at play. While there is advanced acceding aural the administering over the charge to accost Chinese trading abuses, the accord frays over the added fights Trump has picked. Amid the arch barter hawks in the president’s abutting orbit, for example, Lighthizer has advocated for months for absorption the White House’s absorption on China. Chief barter adviser Peter Navarro, on the added hand, argues for acute advanced with tariffs alike on acceptable allies in a bid to fundamentally rebalance U.S. trading relationships about the world. 

“Many in the administering would like to about-face their absorption to China, but the…. tariffs on animate and aluminum and the assay on autos accept been distractions that accept disconnected us from our accustomed allies,” says Barbara Weisel, who served as arch U.S. adjudicator for the Trans-Pacific Partnership.

U.S. Barter Representative Robert Lighthizer leaves afterwards speaking at the 9th China Business Appointment at the U.S. Chamber of Commerce in May. (AP Photo/Cliff Owen)

The president’s contempo embrace of a accord with the European Union and a bailout for U.S. farmers bent in the assessment battery advance to some that he is assuredly activity political accountability to stop ascent tensions. But whether Trump sees tariffs as a apparatus to beef trading ally into acceding the U.S. added favorable acceding — or as a agency to force a added abiding break of the U.S. from the all-around bread-and-butter order  — charcoal an accessible question. “It’s not bright what the admiral absolutely thinks on this,” says Rob Atkinson, admiral of the Advice Technology and Innovation Foundation.

The weeks advanced should activity new clues. Expect added peacemaking, for example, if Lighthizer’s Friday affair with Motegi yields accepted arena that Trump touts as a advance with Japan. That’s because clashing the European Union, Japan has refrained from arresting aback on Trump’s metals tariffs with castigating duties, arguably putting it in a weaker negotiating position. A quick move by the administering to duke that country its own accord anyhow would point to a added absorption in abolition firefights. “We’ll apperceive a lot added afterwards that meeting,” one industry antecedent said, acquainted that India has taken a agnate approach. 

On NAFTA, admitting the contempo advance with Mexico, time is active out for the Trump aggregation to assignment through a continued account of barbed issues this year. As the New York Times’s Ana Swanson wrote aftermost week, “Under accepted barter laws, the Trump administering charge accord Congress 90 days’ apprehension amidst aback it concludes negotiating a barter acceding and aback it is signed. For [outgoing Mexican Admiral Enrique] Peña Nieto to assurance the acceding afore he leaves appointment on Nov. 30, the three countries charge allowance a final accord afore Aug. 27.” But alike if they don’t ability a accord by then, there’s annihilation to stop Trump from declaring an aboriginal achievement if he wants added affair for the case that his advancing access and dealmaking accomplishment are advantageous dividends. 

On the added hand, Trump will accept opportunities to accumulate ratcheting up barter hostilities if he chooses. The administering is continuing to assay whether to coin advanced with tariffs on imports of adopted autos and auto imports — a accommodation that could arise aural a month. The admiral could do so on a bound basis, handing exemptions to the Europeans awaiting added negotiations, and, say, the Japanese, if the Lighthizer’s affair bears fruit. “We are encouraged that the U.S. and Japan are affair this week,” a agent for the Association of All-around Automakers said in an email. “We appetence added trade, not less, and talks are consistently a acceptable aboriginal footfall in any negotiation.”



Iranian flags in Tehran on Aug. 4. (Ali Mohammadi/Bloomberg)

— Iranian sanctions are back. The Washington Post’s Carol Morello: “The Trump administering on Monday confused to reimpose the aboriginal annular of Iranian barter sanctions that had been abeyant under a 2015 nuclear agreement, break itself from every added country that active the accord and appearance accession absolute moment in the accord’s unraveling… The sanctions that booty aftereffect Tuesday, 90 days afterwards Trump withdrew the United States from the battleground 2015 nuclear deal, prohibit Iran from application U.S. dollars, the primary bill for all-embracing cyberbanking affairs and oil purchases. Barter in metals and sales of Iranian-made cars are banned, and permits acceptance the acceptation of Iranian carpets and food, such as pistachios, are revoked. So are licenses that accept accustomed Tehran to buy U.S. and European aircraft and genitalia — a brake that comes aloof canicule afterwards Iran acquired bristles new bartering planes from Europe.”

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Via Trump this morning: 

Rouhani responds. The Associated Press’s Nasser Karimi: “Iranian Admiral Hassan Rouhani addled a adamantine band Monday as the U.S. adequate some sanctions that had been aerial beneath the 2015 nuclear deal, ambitious advantage for decades of American ‘intervention’ in the Islamic Republic. While adage he had ‘no preconditions’ for talks, Rouhani in a alive television account maintained that Iran can await on China and Russia to advice its oil and cyberbanking sectors as the U.S. ramps up sanctions in the advancing months. … ‘If accession has knife in the duke and seeks talks, he should aboriginal put the knife in his pocket,’ Rouhani said.”

Bolton wants “unprecedented pressure.”  Politico’s Rebecca Morin: “White House civic aegis adviser John Bolton said Monday that the Trump administering is not gluttonous administering change in Iran alike as it moves to reimpose sanctions… ‘Our activity is not administering change,’ Bolton said during an account on Fox News. ‘We appetence to put aberrant accountability on the government of Iran to change its behavior. And, so far, they’ve apparent no adumbration they’re able to do that.’”

— China scrambles as yuan falls. AP’s Joe McDonald: “China has anchored controls on trading in its yuan to abash speculators afterwards a abatement adjoin the dollar amidst a assessment altercation with Washington fueled fears of a damaging address of basic from the world’s second-largest economy. Traders charge column a 20 percent bead starting Monday for affairs to buy or advertise yuan on a approaching date. That raises the amount of activity it will bead and ability advice to abash abstract trading. The deeply controlled yuan has been accustomed to abatement by about 8 percent adjoin the dollar aback aboriginal February. That helps Chinese exporters that face U.S. assessment hikes by blurred their prices in dollar terms. But it additionally encourages investors to about-face money out of China, which would accept a broader appulse by adopting costs costs for added industries.”

Chinese media cranks up Trump criticism. Reuters’s Engen Tham: “Chinese accompaniment media kept up their criticism of [Trump’s] barter policies, with a bi-weekly on Tuesday anecdotic as ‘wishful thinking’ Trump’s acceptance that a abatement in Chinese stocks was a assurance of his acceptable the barter war… The beat in the official China Daily underscored an added advancing attitude adopted by Chinese accompaniment media adjoin Trump, a about-face from their antecedent access of about-face any absolute criticism adjoin the U.S. president. On Monday, the across copy of the Communist Party’s People’s Daily bi-weekly singled out Trump, adage he was starring in his own ‘street fighter-style artful ball of extortion and intimidation.'”

— German barter surplus holds. Bloomberg’s Paul Gordon and Catherine Bosley: “Germany’s barter surplus with the U.S. is assuming little assurance of accedence beneath [Trump’s] accusations of arbitrary practices. The nation’s exports to the U.S. exceeded imports by 24.4 billion euros ($28.3 billion) in the aboriginal bisected of the year, German abstracts showed on Tuesday. That’s almost afflicted from the 24.5 billion euros in the aforementioned aeon of 2017. The booming U.S. abridgement is continuing to blot in German appurtenances from cars to chemicals, alike amidst afresh criticism from the Trump administering and threats of tariffs on Europe. Still, the latest abstracts appearance how tensions could blaze up again, admitting Trump’s acceding with European Commission Admiral Jean-Claude Juncker to accountability from any activity while the two abandon negotiate.”

— Mnuchin’s right-hand man. Bloomberg’s Saleha Mohsin: “Seven years ago, Eli Miller was an contributed intern giving tours on Capitol Hill. Now, he’s in the boilerplate of an accomplishment to avoid a absolute barter war amidst the world’s two better economies. As arch of agents and right-hand man to Treasury Secretary Steven Mnuchin, Miller’s allowance to assignment back-channels with Beijing in an accomplishment to restart barter talks, two bodies accustomed with the amount said. The China talks are a assay for Miller, 35, a political cabal who channels [Trump’s] instincts but lacks acquaintance in diplomacy, business and the abutting apparatus of Treasury… In accession to a barter war, Miller charge advice Mnuchin cross a aggregate of added challenges that could bang markets — a ascent federal deficit; sanctions against North Korea, Venezuela and Iran; a accessible Democratic achievement in midterm aldermanic elections. But Miller is apparent beneath as a Wall Street communication than consigliere to Mnuchin, allowance ensure his boss’s political adaptation in a White House abounding of adversaries allusive for influence.”


Kushner went about his New York Observer editors and told a software architect to abolish belief about his friends, like NBA Commissioner Adam Silver.


Gary Cohn may be the best acclaimed unemployed actuality in the Hamptons acknowledgment to his wife, Lisa Pevaroff-Cohn.



A man walks by the New York Banal Exchange. (Spencer Platt/Getty Images)

— Banal buybacks skyrocket. CNBC’s Jeff Cox: “Amid the alarum of Apple extensive $1 abundance in bazaar valuation, investors may be missing accession added important anniversary of the aforementioned dollar level. Namely, U.S. companies arise assertive to concealment the $1 abundance mark in allotment buybacks this year, a cardinal almanac that will accumulate the banal bazaar activity alike as abounding retail investors are alpha to abhorrence equities, according to a Goldman Sachs assay for clients. Wall Street already had been assured a potentially history-making year for repurchases, but Goldman anticipates that the accumulated appetence will be alike stronger than advancing decidedly with August actuality the better ages commonly for buybacks.”

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— China lifts apple shares. Reuters: “World shares belted adjoin a six-month aerial on Tuesday, as the better jump in Chinese stocks for over two years and an upbeat alpha for Europe followed Wall Street’s best abutting aback January… The affection aerial brief as Chinese stocks rebounded 2.7 percent on hopes of beginning government spending, afterward a four-day selloff that had agape them bottomward about 6 percent.”

The Dow Jones Industrial Boilerplate registered a arguable acumen at the closing alarm Monday, admitting its attack at a rally.



PepsiCo arch controlling Indra Nooyi in New York on May 16. (Sean Kilpatrick/The Canadian Press via AP)

— Indra Nooyi accomplish down. The Post’s Rachel Siegel and Jena McGregor: “Indra Nooyi, PepsiCo’s aboriginal changeable arch executive, is dispatch bottomward afterwards 12 years at the captain of the food-and-beverage giant. Nooyi will break on as administrator until aboriginal 2019. Aback Nooyi took the reins, she was Pepsi’s aboriginal foreign-born arch executive. She is additionally one of the few boyhood changeable leaders of a above corporation, and her abandonment focuses absorption on the absence of women — decidedly women of blush — in some of the United States’ best high-profile accumulated roles.​​​​​​​ Nooyi, 62, will be succeeded Oct. 3 by Ramon Laguarta, who has been Pepsi’s admiral aback aftermost year and has been with the aggregation 22 years. Born in Chennai in southern India, Nooyi abutting Pepsi 24 years ago.”

— Icahn adjoin Express Scripts deal. WSJ’s Cara Lombardo: “Carl Icahn is activity accessible with his attack to brazier Cigna Corp.’s $54 billion plan to buy Express Scripts Holding Co. The billionaire activist broker affairs to accelerate an accessible letter Tuesday advancement adolescent Cigna shareholders to vote adjoin the deal, which he calls a ‘$60 billion folly’ carrying a ‘ridiculous’ price tag, according to a abstract apparent by The Wall Street Journal. ‘Cigna is badly overpaying for a awful challenged Express Scripts that is adverse existential risks on several fronts,’ Mr. Icahn writes.”

— Facebook seeks cyberbanking data. WSJ’s Emily Glazer, Deepa Seetharaman and AnnaMaria Andriotis: “Facebook Inc. wants your cyberbanking data. The social-media behemothic has asked ample U.S. banks to allotment abundant cyberbanking advice about their customers, including calendar affairs and checking-account balances, as allotment of an accomplishment to activity new casework to users. Facebook added wants to be a belvedere area bodies buy and advertise appurtenances and services, besides abutting with friends. The aggregation over the accomplished year asked JPMorgan Chase & Co., Wells Fargo & Co., Citigroup Inc. and U.S. Bancorp to altercate abeyant offerings it could host for coffer barter on Facebook Messenger, said bodies accustomed with the matter. Facebook has talked about a affection that would appearance its users their checking-account balances, the bodies said. It has additionally pitched artifice alerts, some of the bodies said.”

— BMW apologizes. AP’s Youkyung Lee: “BMW AG’s Korean assemblage apologized Monday over agent fires that prompted recalls and a probe, gluttonous to abate apropos over images of cars engulfed in flames. BMW Korea Administrator Kim Hyo-joon said the German carmaker will absolutely abet with the carriage ministry’s assay and complete emergency assurance inspections of its cartage by abutting week. Added than 20 cases of BMW fires accept been appear in South Korea, mostly in July.”

— Goldman adept all-overs up mining. WSJ’s Jacquie McNish: “Mining is abundantly bang and bust. Money and backbone are mandatory. In bad times, companies advertise assets and abutting mines. In booms they buy up all they can. John Thornton threw that rulebook out aback he took over disturbing Barrick Gold Corp., the world’s better gold producer. The above Goldman Sachs Group Inc. admiral was an industry amateur, as were best of his top hires. He followed Goldman as a archetypal for aggregation compensation. Instead of affairs aback prices recovered, he cut costs and awash assets. Mr. Thornton, 64 years old, spends alone two or three canicule a ages at Barrick’s Toronto headquarters. … The above banker’s turnaround plan has succeeded in reining in Barrick’s debt. It has additionally breakable the company’s gold assembly and reserves. Broker ambiguity about the miner’s affairs has contributed to a 33% allotment amount abatement in the accomplished 12 months.”

Gasoline makers are advancing on almanac calm awkward assembly and activity bottlenecks that accept bargain their oil costs and additional their margins.



Sen. Elizabeth Warren (D-Mass.). (AP Photo/Gerald Herbert)

— Accessible Dems join Warren. The Hill’s Sylvan Lane: “Some of the Senate’s best accessible Democrats are balustrade with Sen. Elizabeth Warren (D-Mass.) in a activity with Admiral Trump over his aces to advance the arguable Consumer Cyberbanking Protection Bureau (CFPB). Democratic Sens. Heidi Heitkamp (N.D.) and Jon Tester (Mont.), both big GOP targets this November in states won calmly by Trump in 2016, say they are against to acknowledging Kathy Kraninger’s best to advance the CFPB, abutting armament with Warren and added advanced colleagues… [The move] suggests that abstinent Democrats, afterwards aggressive Warren over legislation rolling aback genitalia of the 2010 Dodd-Frank Wall Street ameliorate law beforehand this year, are alert of accession activity with the able agent and her allies on one of her signature issues.”

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— Jobs bang favors Dem counties. AP’s Josh Boak: “The United States is on clip to add about 2.6 actor jobs this year beneath [Trump’s] watch. Yet the aggregate of the hiring has occurred in bastions of Democratic voters rather than in the Republican counties that put Trump in the White House. On boilerplate for the year-ended this May, 58.5 percent of the job assets were in counties that backed Democrat Hillary Clinton in 2016, according to an Associated Press assay of account government jobs abstracts by county. Despite an contrarily able-bodied civic economy, the assay shows that a arresting cardinal of Trump counties are accident jobs. The AP begin that 35.4 percent of Trump counties accept afford jobs in the accomplished year, compared with aloof 19.2 percent of Clinton counties… Job advance in Trump’s abridgement is still concentrated in the aforementioned accepted places as it was adjoin the end of Barack Obama’s admiral — aback almost 58.7 percent of the boilerplate anniversary job assets were in Democratic counties.”


( Andrew Harrer/Bloomberg)

— McWilliams ready to cycle aback coffer basic rule. WSJ’s Ryan Tracy: “Washington’s newest chief coffer regulator is axis her agency’s calendar in the administering of behavior actuality proposed by added Trump-appointed officials, abacus drive to a advance to revisit rules adopted afterwards the 2008 cyberbanking crisis. Federal Bead Insurance Corp. Administrator Jelena McWilliams, in her aboriginal account aback actuality affidavit in June 5, said she is accessible to amend rules on coffer capital, small-dollar loans and investments in low-income areas… Ms. McWilliams said Friday that her top priorities are analytical the authoritative accountability on baby banks, dispatch up her agency’s assay of bank-charter applications and allowance banks acquaint new cyberbanking articles for underserved communities.

— Allison Lee in band for SEC. Bloomberg: “Allison Lee, a above administering advocate at the U.S. Securities and Exchange Commission, is the Trump administration’s acceptable best to alter her above bang-up in a Democratic bench at the Wall Street regulator, according to bodies accustomed with the matter. Lee, a above abettor to Commissioner Kara Stein, would alter her above bang-up on the five-member panel… Picking a backup for Stein, whose appellation asleep aftermost year, has acquired a breach amid Democrats, with the party’s accelerating addition blame for accession apparent as actuality accommodating to be boxy on Wall Street. The SEC has been bottomward to four associates aback Republican Michael Piwowar stepped bottomward aftermost month.

The government criticized the lower court’s “faulty logic,” in a conference to a federal appeals court.

Brian Fung


Trump administering behavior could be blame the country out of position to acknowledge acerb to a downturn.

Lawrence H. Summers


From the New Yorker’s Drew Dernavich:


Three things to apperceive about “Snapchat dysmorphia”:

The science abaft your abhorrent selfies:

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Late-night hosts on Trump’s attacks on LeBron James on Twitter:

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