16, January 2020
US House delivers Trump impeachment articles to Senate 0
Democrats in the US House of Representatives on Wednesday unveiled a seven-member team of ‘impeachment managers’ to prosecute President Donald Trump. After House Speaker Nancy Pelosi signed the articles of impeachment, the managers made a landmark promenade to deliver the papers to the Senate.
House lawmakers on Wednesday voted 228 to 193 to give the Senate, controlled by Trump’s fellow Republicans, the task of putting him on trial on the two articles of impeachment, i.e. 1) abuse of power for asking Ukraine to investigate political rival Joe Biden; and 2) obstruction of Congress for blocking testimony and documents sought by Democratic lawmakers.
The magnificent seven
US House Speaker Nancy Pelosi selected a team of seven “impeachment managers”, who will act in a prosecutorial role and present the pro-impeachment case before the Senate.
House Intelligence Committee Chairman Adam Schiff, a Trump nemesis who served as a federal prosecutor in Los Angeles for six years, was selected to head the team of managers.
“When the managers walk the hall, they will cross a threshold in history, delivering articles of impeachment against the president of the United States for abuse of power and obstruction of the House. Today we will make history.”
“Engrossment”
While many observers delighted in Pelosi’s gesture, others felt it was inappropriate to the occasion.
Immediately thereafter, the impeachment managers made the history-making walk across the marbled floors of the Capitol Building and delivered the articles to the Senate. This was the first time since Bill Clinton’s impeachment proceedings 22 years ago that this momentous promenade had taken place.
Senate Majority Leader, Republican Mitch McConnell, said that the Senate would formally receive the articles Thursday January 16 at midday EST (6pm in Paris, 5pm GMT). Formal opening arguments, both pro-and anti-impeachment, start on Tuesday January 21.
Pelosi launched the impeachment inquiry in September after earlier resisting such a move centred on Trump’s actions to impede a federal investigation that documented Russian interference in the 2016 election to boost his candidacy.
Ball in the Senate’s court
The trial will focus attention on Trump’s request that Ukraine investigate domestic political rival Joe Biden, just as the 2020 presidential campaign heats up.
A fight over witnesses remains unresolved. Senate Democrats in the Republican-controlled chamber want four current and former Trump administration officials to testify, while many Republicans want a speedy trial without witness testimony. Trump has at times said he wants to hear from witnesses, albeit not the same ones the Democrats want to testify. Democrats need at least four Republicans to join them to reach a majority of 51 senators to approve the subpoenas.
The 100-seat Senate is expected to acquit Trump, keeping him in office, as none of its 53 Republicans has voiced support for removing him, a step that under the US Constitution would require a two-thirds majority.
(FRANCE 24 with REUTERS)























16, January 2020
US and China sign ‘phase one’ trade deal, ending dramatic 18-month tit-for-tat 0
The United States and China signed an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. products, defusing an 18-month row between the world’s two largest economies but leaving a number of sore spots unresolved.
Beijing and Washington touted the “Phase 1” agreement as a step forward after months of start-and-stop talks, and investors greeted the news with relief. Even so, there was skepticism the U.S.-China trade relationship was now firmly on the mend.
The deal fails to address structural economic issues that led to the trade conflict, does not fully eliminate the tariffs that have slowed the global economy, and sets hard-to-achieve purchase targets, analysts and industry leaders said.
While acknowledging the need for further negotiations with China to solve a host of other problems, President Donald Trump hailed the agreement as a win for the U.S. economy and his administration’s trade policies.
“Together, we are righting the wrongs of the past and delivering a future of economic justice and security for American workers, farmers and families,” Trump said in rambling remarks at the White House alongside U.S. and Chinese officials.
Chinese Vice Premier Liu He read a letter from President Xi Jinping in which the Chinese leader praised the deal as a sign the two countries could resolve their differences with dialogue.
The centerpiece of the deal is a pledge by China to purchase at least an additional $200 billion worth of U.S. farm products and other goods and services over two years, above a baseline of $186 billion in purchases in 2017, the White House said.
Commitments include $54 billion in additional energy purchases, $78 billion in additional manufacturing purchases, $32 billion more in farm products, and $38 billion in services, according to a deal document released by the White House.
Liu said Chinese companies would buy $40 billion in U.S. agricultural products annually over the next two years “based on market conditions.” Beijing had balked at committing to buy set amounts of U.S. farm goods earlier, and has inked new soybean contracts with Brazil since the trade war started.
Key world stock market indexes climbed to record highs on hopes the deal would reduce tensions, before closing below those highs, while oil prices slid on doubts the pact will spur world economic growth and boost crude demand.
Soybean futures, which traded 0.4% lower throughout much of the deal signing ceremony, sank even further after Liu’s remarks, a sign that farmers and traders were dubious about the purchase goals.
The deal does not end retaliatory tariffs on American farm exports, makes farmers “increasingly reliant” on Chinese state-controlled purchases, and does not address “big structural changes,” Michelle Erickson-Jones, a wheat farmer and spokeswoman for Farmers for Free Trade, said in a statement.
Trump and his economic advisers had pledged to attack Beijing’s long-standing practice of propping up state-owned companies and flooding international markets with low-priced goods as the trade war heated up.
Although the deal could be a boost to U.S. farmers, automakers and heavy equipment manufacturers, some analysts question China’s ability to divert imports from other trading partners to the United States.
“I find a radical shift in Chinese spending unlikely. I have low expectations for meeting stated goals,” said Jim Paulsen, chief investment strategist at Leuthold Group in Minneapolis. “But I do think the whole negotiation has moved the football forward for both the U.S. and China.”
Trump, who has embraced an “America First” policy aimed at rebalancing global trade in favor of U.S. companies and workers, said China had pledged action to confront the problem of pirated or counterfeited goods and said the deal included strong protection of intellectual property rights.
U.S. Speaker of the House of Representative Nancy Pelosi said Trump’s China strategy had “inflicted deep, long-term damage to American agriculture and rattled our economy in exchange for more of the promises that Beijing has been breaking for years,” in a statement.
Earlier, top White House economic adviser Larry Kudlow told Fox News the agreement would add 0.5 percentage point to U.S. gross domestic product growth in both 2020 and 2021.
Aviation industry sources said Boeing Co was expected to win a major order for wide-body jets from China, including its 787 or 777-9 models, or a mixture of both. Such a deal could ease pressure on the 787 Dreamliner, which has suffered from a broad downturn in demand for large jets, forcing the planemaker to trim production late last year.
CCTV, China’s state-run television outlet, said the deal would satisfy China’s increasingly demanding consumers by supplying products like dairy, poultry, beef, pork, and processed meat from the United States.
Source REUTERS