Trump says he’ll put 10% tariffs on remaining China imports
TOKYO — Japan’s Cabinet on Friday approved the removal of South Korea from a “whitelist” of countries with preferential trade status, a move sure to fuel antagonism already at a boiling point over recent export controls and the issue of compensation for wartime Korean laborers.
The decision expanding controls over exports of sensitive materials takes effect on Aug. 28. It follows an earlier requirement that Japanese companies’ exports to South Korea be approved on a case-by-case basis for three materials used in semiconductors, smartphones and other high-tech devices — South Korea’s key exports.
Trade Minister Hiroshige Seko said the decision was needed to “appropriately carry out export controls for national security purposes” and was based on South Korea’s “insufficient” export controls.
In addition to escalating tensions between the Asian neighbors, the move will ripple across the hightech sector, further affecting supply chains already rattled by U.S.-China trade tensions.
The loss of preferential trade status will apply to dozens more products on a list of items that potentially could be converted to weapons. That’s in addition to more than 200 other items requiring individual inspection for exports to all countries. Ending South Korea’s “white country” status would also mean Japan could limit exports of any product on national security grounds.
Saudi changes allow women to travel without male consent
DUBAI, United Arab Emirates — Saudi Arabia published new laws early Friday that loosen restrictions on women by allowing any citizen to apply for a passport and travel freely, ending a long-standing guardianship policy that gave men control over women.
The changes are a potential game-changer for Saudi women’s rights in the kingdom. The legal system has long been criticized because it treated women as minors throughout their adult lives, requiring they have a man’s consent to obtain a passport or travel abroad. Often a woman’s male guardian is her father or husband, and in some cases a woman’s own son.
Other changes issued in the decrees allow women to register a marriage, divorce or child’s birth and to be issued official family documents. It also stipulates that a father or mother can be legal guardians of children.
LONDON — British Prime Minister Boris Johnson’s governing Conservative Party lost a special election early Friday, leaving it with a one-vote working majority in Parliament as Brexit looms.
In the Conservatives’ first electoral test since Johnson became prime minister nine days ago, the party was defeated for the seat of Brecon and Radnorshire in Wales by Jane Dodds of the opposition Liberal Democrats. Dodds won 43% of the vote, while Conservative Chris Davies, who was fighting to retain the seat after being convicted and fined for expenses fraud, got 39%.
The result makes it harder for Johnson’s government to pass laws and win votes in Parliament, with Brexit scheduled to happen in less than three months.
Johnson says Britain will leave the European Union on Oct. 31, with or without a divorce deal. But Parliament voted in the past against the country leaving the EU without an agreement on the terms, and is likely to try again in the fall to thwart Johnson’s plans.
Puerto Ricans have no idea who will be new governor Friday
SAN JUAN, Puerto Rico — Less than 24 hours before Gov. Ricardo Rosselló was expected to leave office, Puerto Ricans had no idea who would replace him as political chaos threatened to paralyze the island with a constitutional crisis.
Rosselló has promised to step down at 5 p.m. Friday in response to huge street protests by Puerto Ricans outraged at corruption, mismanagement and an obscenity-laced chat that was leaked in which the governor and 11 male allies made fun of women, gay people and victims of Hurricane Maria.
As one of his last acts, Rosselló put forward veteran politician and lawyer Pedro Pierluisi to fill the vacant secretary of state post, next in line for the governorship under the U.S. territory’s constitution.
Pierluisi is a former representative to the U.S. Congress seen by most ordinary Puerto Ricans as a conciliatory, relatively uncontroversial figure, unlikely to be met by continued street demonstrations.
WASHINGTON — President Donald Trump intensified pressure Thursday on China to reach a trade deal by saying he will impose 10% tariffs Sept. 1 on the remaining $300 billion in Chinese imports he hasn’t already taxed. The move immediately sent stock prices sinking.
The president has already imposed 25% tariffs on $250 billion in Chinese products, and Beijing has retaliated by taxing $110 billion in U.S. goods. U.S. consumers will likely feel the pain if Trump proceeds with the new tariffs. Trump’s earlier tariffs had been designed to minimize the impact on ordinary Americans by focusing on industrial goods. But the new tariffs will hit a vast range of consumer products from cellphones to silk scarves.
The president’s announcement via Twitter came as a surprise, in part because the White House on Wednesday had said Beijing confirmed that it planned to increase its purchases of American farm products. That word came just as U.S. and Chinese negotiators were ending a 12th round of trade talks in Shanghai, which the White House called “constructive.”
Though the negotiations concluded without any sign of a deal, they are scheduled to resume next month in Washington.
Trump has long said he was preparing to tax the $300 billion in additional Chinese tariffs. But he had suspended the threat after meeting with President Xi Jinping in Osaka, Japan, in June. It isn’t clear when American consumers are likely to feel the impact of the additional tariffs, but higher prices could show up in stores this fall.
Besides announcing the additional tariffs on Chinese imports, Trump tweeted that “we look forward to continuing our positive dialogue with China on a comprehensive Trade Deal, and feel that the future between our two countries will be a very bright one!”
The president accused Beijing of failing to follow through on stopping the sale of fentanyl to the United States or on purchasing large quantities of farm goods such as soybeans. Speaking to reporters Thursday at the White House, Trump complained that President Xi is “not moving fast enough.”
Trump said he scheduled the additional tariffs to begin Sept. 1 to give exports already en route from China time to get to the United States — a journey that can take three or four weeks. By setting the import taxes at 10%, he has leeway to ratchet them higher if necessary to further increase pressure on Beijing.