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Media Report
November 07 , 2018
  • CNBC reports: "Tuesday's U.S. midterm elections are poised to create significant changes for how President Donald Trump can accomplish his domestic goals, but the results may not mean much for the country's trade policies. Trump's 'America First' philosophy is unlikely to drastically deviate from its current course even with Democrats winning the House of Representatives, strategists said. NBC News projected late on Tuesday that Democrats had taken a majority in the House while Republicans had retained control of the Senate. Both chambers make up Congress — the country's principal decision-making body — and approval from each is required to pass bills into law."
  • The Wall Street Journal reports: American companies occupy choice real estate at a mega-Chinese trade show here but also stand at an uncomfortable intersection: between the huge business opportunity of the China market and a U.S. president critical of their investment in it. Artificial grass from DowDuPont Inc., Dell Technologies Inc. laptops, a limousine with windows darkened by 3M Co. , candy bars from Mars Inc. and almonds from Costco WholesaleCorp. are calling to buyers at the world's largest trade-show venue this week. The strong American turnout for the first China International Import Expo demonstrates corporate confidence in the Chinese market and, executives said, hope that President Xi Jinping will follow through on pledges to improve the business environment."
  • CNBC reports: "A new cold war is brewing between China and the U.S. if both nations don't take steps toward reconciliation, former Treasury Secretary Henry Paulson warned in a speech that painted a bleak picture of the future between the two sides. In remarks delivered Tuesday, Paulson, who helped guide the country out of the financial crisis and also served as Goldman Sachs CEO, warned that "big parts of the global economy will ultimately be closed off to the free flow of investment and trade" should the impasse continue. 'And that is why I now see the prospect of an Economic Iron Curtain — one that throws up new walls on each side and unmakes the global economy, as we have known it,' he said at the Bloomberg New Economy Forum."
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