CHINA

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thelivyjr
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CHINA

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YOU HAVE TO BE BRAIN-DEAD TO BELIEVE ANY OF THE FAKE NEWS AND CRAP TRUMP SPEWS IN AN ENDLESS STREAM ON MINDLESS TWITTER …

And so ...

REUTERS

"Trump, without evidence, blames China for hacking Clinton emails"


29 AUGUST 2018

U.S. President Donald Trump said on Twitter early on Wednesday China hacked the emails of 2016 Democratic presidential candidate Hillary Clinton but did not offer any evidence or further information.

"Hillary Clinton’s Emails, many of which are Classified Information, got hacked by China."

"Next move better be by the FBI & DOJ or, after all of their other missteps (Comey, McCabe, Strzok, Page, Ohr, FISA, Dirty Dossier etc.), their credibility will be forever gone!" he tweeted a little after midnight on Wednesday.

Trump said in an earlier tweet on Tuesday night: "China hacked Hillary Clinton’s private Email Server."

"Are they sure it wasn’t Russia (just kidding!)?"

"What are the odds that the FBI and DOJ are right on top of this?"

"Actually, a very big story."

"Much classified information!"

U.S. intelligence officials have said Russia orchestrated the hacking of Democratic officials to meddle with the 2016 presidential election.

A U.S. federal grand jury indicted 12 Russian intelligence officers in July on charges of hacking the computer networks of Clinton and the Democratic Party.

Special Counsel Robert Mueller is investigating Russia’s role in the 2016 election and whether the campaign of Republican candidate Trump colluded with Moscow.

Russia denies meddling in the elections, while Trump has denied any collusion.

Trump said in April 2017 China may have hacked the emails of Democratic officials to meddle with the 2016 presidential election.

He also did not provide any evidence backing his allegation at that time.

(Reporting by Brendan O'Brien in Milwaukee Editing by Paul Tait)

http://www.msn.com/en-us/news/politics/ ... id=HPDHP17
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Re: CHINA

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BLOOMBERG

"Trump to Back $200 Billion China Tariffs as Early as Next Week, Sources Say"


Jennifer Jacobs, Shawn Donnan, Andrew Mayeda, Saleha Mohsin

Published:Aug 30 2018, 6:18 PM Last Updated:Sep 01 2018, 1:42 AM

(Bloomberg) -- President Donald Trump wants to move ahead with a plan to impose tariffs on $200 billion in Chinese imports as soon as a public-comment period concludes next week, according to six people familiar with the matter.

Asked to confirm the plan in an interview with Bloomberg News in the Oval Office on Thursday, Trump smiled and said it was “not totally wrong.”

He also criticized management of the yuan, saying China has devalued its currency in response to a recent slowdown in economic growth.

Companies and members of the public have until Sept. 6 to submit comments on the proposed duties, which cover everything from selfie sticks to semiconductors.

The president plans to impose the tariffs once that deadline passes, according to the people familiar with the matter, who spoke on condition of anonymity because the discussions aren’t public.

Broadening the tariff battle would mark the most significant move yet in a months-long trade standoff and dent China’s growth prospects.

Data released on Friday will allay some concerns over the near-term outlook as China’s official factory gauge unexpectedly strengthened this month following government measures to underpin demand.


"China is more prepared, mentally, this time than it was for the previous round of tariffs," said Gai Xinzhe, an analyst at the Bank of China’s Institute of International Finance in Beijing.

"The scale is enormous and once the tariffs materialize, they will definitely send jitters through financial markets."

Such unease was already on display Friday with Asian and European stocks declining, and and U.S. equity futures pointed to a dip at the open.

The yen held on to gains, while the Bloomberg Dollar Spot Index drifted.

The tariff news exacerbated already fragile market sentiment amid currency routs in Argentina and Turkey.

Tariffs Loom

Some of the people cautioned that Trump hasn’t made his final decision, and it’s possible the administration may enact the duties in installments.

The U.S. has so far imposed levies on $50 billion in Chinese goods, with Beijing retaliating in kind.

It’s also possible the president could announce the tariffs next week, but say they will take effect at a later date.

The Trump administration waited about three weeks after announcing in mid-June that it was imposing tariffs on $34 billion of Chinese goods before they were implemented.

The next stage of tariffs on $16 billion of goods took hold in August.

China has threatened to retaliate by slapping duties on $60 billion of U.S. goods.

The Ministry of Finance and Ministry of Commerce didn’t immediately respond to Bloomberg faxes seeking comments on Trump’s intentions.

Tensions with the U.S. may be having an effect elsewhere, helping bring Japan and China closer together.

The nations’ finance ministers agreed in Beijing on Friday that protectionist policies aren’t in anyone’s interest and they would support and promote the multilateral trading system.


The previous day, Japan’s Finance Minister Taro Aso discussed U.S. trade with China’s Vice Premier Liu He, who led a previous round of negotiations with the U.S.

The Trump administration is finalizing the list of Chinese targets and tariff rate, which could range from 10 percent to 25 percent, following six days of public hearings earlier this month.

Trump’s plan to bring down his biggest hit yet on China comes as two-way trade talks show little signs of progress.

China hawks have been on the ascendancy in the Trump administration.

One of them -- U.S. Trade Representative Robert Lighthizer -- has been responsible for one of the president’s biggest trade victories so far by forging a bilateral trade deal to replace Nafta with Mexico.

The deal was announced on Monday and Canada is now negotiating to join.

The latest China tariff decision is causing heated debate within the administration, with Lighthizer and White House trade adviser Peter Navarro pushing for quick action, and Treasury Secretary Steven Mnuchin and White House economic adviser Larry Kudlow arguing for more time, according to people familiar with the matter.

Squeezing China

Trump cut off negotiations with China because of what he perceives as Beijing’s lack of cooperation in nuclear talks with North Korea, one of the people said.

The president wants to squeeze China, believing the U.S. has leverage over Beijing, that person said.

Trump on Wednesday accused China of pressuring North Korea not to bend in nuclear negotiations with the U.S.

But he insisted that the trade differences would be resolved.

“As for the U.S.-China trade disputes, and other differences, they will be resolved in time by President Trump and China’s great President Xi Jinping."

"Their relationship and bond remain very strong,” Trump said on Twitter.

https://www.bloombergquint.com/global-e ... gs.ziRVOzc
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Re: CHINA

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THE WALL STREET JOURNAL

"Trump to impose tariffs on another $200 billion in Chinese goods"


By Jacob M. Schlesinger and Vivian Salama

Published: Sept 18, 2018 5:21 a.m. ET

WASHINGTON — President Trump said Monday he will impose new tariffs on about $200 billion in Chinese goods and threatened to add hundreds of billions more as part of his campaign to pressure Beijing to change its commercial practices, escalating trade tensions between the world’s two largest economies.

The 10% tax on Chinese imports will take effect on Sept. 24 and will rise to 25% at the end of the year, according to administration officials.

The tariffs will affect thousands of goods ranging from luggage to seafood, extending the impact of Trump’s aggressive tariff policy for the first time to a broad population of American consumers.

Chinese trade practices “plainly constitute a grave threat to the long-term health and prosperity of the United States economy,” Trump said in a statement.

China’s Commerce Ministry on Tuesday vowed unspecified countermeasures, saying in a brief statement on its website that China “has no choice but to undertake synchronous retaliation” to defend its interests and the global free-trade order.

The U.S. tariff plan has created “new uncertainty” for negotiations between the two countries, said the statement, which was attributed to an unnamed spokesman.

https://www.marketwatch.com/story/trump ... 2018-09-17
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Re: CHINA

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THE WALL STREET JOURNAL

"China retaliates with tariffs on $60 billion of U.S. goods"


By Lingling Wei and Jacob M. Schlesinger

Published: Sept 19, 2018 6:56 a.m. ET

The Chinese government said Tuesday it plans to impose new tariffs on $60 billion in U.S. exports, prompting President Trump to reiterate a threat to punch back by hitting Chinese goods worth more than four times that much.

Beijing also weighed whether to stick with plans for upcoming bilateral talks aimed at easing the conflict of retaliation and counter-retaliation, escalated by Trump’s Monday announcement of new import taxes on $200 billion in Chinese goods.

Trump responded to China’s $60 billion pledge later Tuesday by declaring that “if there’s retaliation against our farmers and our industrial workers and our ranchers, if any of that goes on we are going to kick in another $257 billion.”

He added: “We don’t want to do it, but we’ll probably have no choice.”

People familiar with administration plans said they expected Trump to issue a formal statement over the next few days directing U.S. Trade Representative Robert Lighthizer to begin the process of crafting the next tranche of tariffs that, if fully implemented, would cover virtually all imports of Chinese goods, which totaled $505 billion in 2017.

While the threat of more tariffs might intensify the rhetorical pressure on Beijing, these people stressed, the actual administrative process—including holding public hearings, receiving written public comments, and conducting internal impact studies—would take weeks before any fresh measures would take effect.

Trump said on Tuesday that he was eyeing tariffs on an additional $257 billion in Chinese goods, but the statement he issued on Monday said it was $267 billion.

An administration official said the White House statement citing the $267 billion figure accurately described the policy.

https://www.marketwatch.com/story/china ... 2018-09-19
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Re: CHINA

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THE WALL STREET JOURNAL

"U.S. liquefied natural gas boom threatened by new tariffs from China"


By Georgi Kantchev and Christopher M. Matthews

Published: Sept 18, 2018 4:54 p.m. ET

China’s move to impose tariffs on U.S. liquefied natural gas imperils the ability of a burgeoning industry to export the bounty of American shale.

Retaliating against new Trump administration tariffs on $200 billion in Chinese goods, China on Tuesday issued levies on $60 billion of U.S. products, including a 10% tariff on liquefied natural gas, known as LNG.

Shares of Cheniere Energy Inc., the first U.S. company to export LNG from the U.S. Gulf Coast, rose on the news, as the tariff was lower than a 25% levy China had earlier threatened.

Still, the tariff is bound to have an impact on American LNG exporters, analysts said, making them a potential early victim in the escalating trade battle between the U.S. and China.

China is the biggest source of new global LNG demand as the country steps up efforts to combat air pollution by shifting from coal-powered plants to natural gas and renewable energy sources.

The U.S., which is emerging as a powerhouse in the global gas trade, was expected to mop up a big chunk of that demand.

But tariffs may now hamstring American companies as they negotiate for long-term contracts, experts said.


Fewer long-term contracts could help stall a planned wave of new export terminal projects in the U.S.

Numerous countries are competing with the U.S. as gas becomes a more globally traded commodity, including Australia, Qatar and Russia.

https://www.marketwatch.com/story/us-li ... 2018-09-18
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Re: CHINA

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MARKETWATCH

"U.S. oil sanctions on Iran threaten global supplies, but a demand slowdown poses a real risk"


By Myra P. Saefong

Published: Sept 20, 2018 5:51 p.m. ET

There are still several weeks before U.S. sanctions on Iranian oil actually kick in, but expectations of tight crude inventories already have contributed to much of this year’s gain in global prices.

The rise has come despite concerns over potentially lower energy demand and plans by two of the world’s biggest producers to boost output.

“The markets are always forward-looking,” said Tamar Essner, energy director at Nasdaq IR Intelligence.

“Exports from Iran are already down about 35%, when you look at crude and condensate [a very light oil] together,” since President Donald Trump announced the U.S. withdrawal from the Joint Comprehensive Plan of Action in May.

The deal between Iran and six world powers and the European Union was made to ensure that Tehran’s nuclear program had a peaceful purpose, rather than to make nuclear weapons.

“The market has really been surprised by the degree of enforcement from the U.S.,” Essner said.

In the past, she adds, Washington had “targeted reductions in exports” with sanctions, but the current administration has “focused on elimination” of exports from Iran, the Organization of the Petroleum Exporting Countries’ third-largest producer.


Nations such as South Korea have reached full compliance with the sanctions, and “critically, we’ve also seen China already showing signs of reducing their level of imports,” Essner said, noting that a buildup of Iranian oil in offshore storage shows that “it’s been harder for Iran to find buyers.”

U.S. allies have until Nov. 4 to end imports of oil from that country.

Since Trump’s announcement in early May through mid-September, the price of Brent crude, the global benchmark, climbed roughly 7%.

It settled at $78.60 a barrel on Thursday, up about 18% since the year began.

“European companies will almost certainly comply with these sanctions to avoid fines and confrontation with the U.S.,” said Sebastian Leburn, senior portfolio manager of Boston Private.

“About a third of Iran oil is exported to Europe, and this is where the curtailment will be most pronounced.”

Iran’s crude and condensate exports averaged 1.92 million barrels a day in August, down from 2.32 million in July, according to estimates from S&P Global Platts.

Saudi Arabia and Russia have been trying to ensure market stability in the aftermath of the Iran sanctions, but some question their ability to make up for the lost barrels of crude.

In June, OPEC and allied producers said they would rein in production curbs implemented in January 2017.

That could raise daily output by one million barrels, to help offset a possible supply shortage from the Iran sanctions and production losses in Venezuela and elsewhere.

A committee of OPEC and non-OPEC producers was expected to discuss how best allocate the production increase at a meeting in Algiers on Sept. 23.

However, it’s doubtful that Saudi Arabia or Russia can make up for the lost oil, maintains Campbell Faulkner, a senior data analyst at EOXLive.

“Neither country has the swing production it did a number of years ago.”

It’s more likely that U.S. benchmark West Texas Intermediate crude prices will spike into the $100 range, prompting production from drilled-but-uncompleted wells to ramp up, “along with greater U.S. exports to ease the tight market,” said Faulkner.

That “will not replace the totality of the loss, but it, along with marginal production increases globally, can soak the market to prevent” oil from going into the $130 range.

Iran, however, isn’t the only factor that will help guide oil’s direction.

The sanctions probably will remove 1 million to 2 million barrels of oil a day from the market, and that’s obviously very bullish for prices.

But the other big factor is the trade war, which is potentially very bearish for crude, because it could dampen demand, Essner says.

Trump has imposed tariffs on, and plans even more, on hundreds of billions of dollars’ worth of goods from China, the world’s largest energy consumer.

The “bigger factor through the rest of the year is likely demand rather than supply,” said Brian Youngberg, senior energy analyst at Edward Jones, and the “real” threat to oil demand comes from the “broader economic downturn in emerging markets as a whole, not just China.”

https://www.marketwatch.com/story/us-oi ... ewer_click
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AFP

"China, Russia warn US of consequences over sanctions"


Anna SMOLCHENKO

21 SEPTEMBER 2018

Moscow and Beijing lashed out Friday at Washington's new anti-Russian sanctions that also target China for the first time, warning the United States could face consequences.

The United States is "playing with fire", Russia's deputy foreign minister Sergei Ryabkov said, while Beijing voiced "strong indignation" over the move.


United in their resentment of America's global influence, China and Russia have sought in recent years to tighten up their ties and this month conducted week-long joint military drills, Moscow's largest ever war games.

On Thursday, China -- which is also locked in a trade war with Washington -- got caught up in the sanctions war against Russia as the United States announced a new raft of measures that would punish third countries for dealing with Moscow.

Stepping up pressure on Moscow over its "malign activities," the US State Department said it was placing financial sanctions on the Equipment Development Department of the Chinese Ministry of Defence, and its top administrator, for its recent purchase of Russian Sukhoi Su-35 fighter jets and S-400 surface-to-air missile systems.

Beijing on Friday urged the United States to withdraw sanctions or "bear the consequences".


"The US actions have seriously violated the basic principles of international relations and seriously damaged the relations between the two countries and the two militaries," said foreign ministry spokesman Geng Shuang, adding Beijing had lodged an official protest with the United States.

"We strongly urge the US to immediately correct their mistake and withdraw their so-called sanctions, otherwise the US will have to bear the consequences."

US officials said it was the first time a third country has been punished under the CAATSA sanctions legislation for dealing with Russia, signalling Donald Trump's administration will risk relations with other countries in its campaign against Moscow.

- 'Undermining stability' -

Moscow said Washington was rocking global stability and said sarcastically that placing sanctions on Russia has become Washington's favourite "pastime."

"It would be good for them to remember there is such a concept as global stability which they are thoughtlessly undermining by whipping up tensions in Russian-American ties," said Ryabkov.


"Playing with fire is silly, it can become dangerous," he said in a statement.

The State Department also announced it was placing 33 Russian intelligence and military-linked actors on its sanctions blacklist.

All of them -- defence related firms, officers of the GRU military intelligence agency, and people associated with the Saint Petersburg-based Internet Research Agency disinformation group -- have been on previous US sanctions lists.

Twenty eight of them have already been indicted by Robert Mueller, who is investigating election meddling by Russia.

US officials said that the US could consider similar action against other countries taking delivery of Russian fighter jets and missiles.

Turkey is in talks to buy S-400 missile systems from Russia.

Ryabkov reiterated that none of the rounds of sanctions had managed to force Russia to change its course so far.

"It appears that it has become a sort of national pastime there," he added, noting the latest round of anti-Russian measures was the 60th since 2011.


For all of Russia's seemingly upbeat rhetoric the new measures can hurt the country's struggling economy.

Arms exports are an important source of revenue for the country and last year Russia sold more than $14 billion worth of arms overseas.

- Sanctions target only Russia? -

A senior US administration official, speaking on condition of anonymity, insisted the ultimate target was Russia.

"CAATSA sanctions in this context are not intended to undermine the defence capabilities of any particular country," the official said.

CAATSA, or the Countering America's Adversaries Through Sanctions Act, was passed in 2017 as a tool that gives Washington more ways to target Russia, Iran and North Korea with economic and political sanctions.

China's EDD and its director Li Shangfu became targets after taking delivery over the past year of the jets and missiles from Rosoboronexport, Russia's main arms exporter already on the US blacklist for its support of Bashar al-Assad's regime in Syria.

The US official said Washington had spent "an enormous amount of time" seeking to discourage prospective buyers of Russian arms.

The new sanctions came as the United States and China are in the heat of a trade war.

The two countries will launch new tariffs on Monday, with Washington targeting $200 billion in Chinese exports and Beijing hitting $60 billion worth of American products.

http://www.msn.com/en-us/news/world/rus ... id=HPDHP17
thelivyjr
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Re: CHINA

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THE TARIFFS ARE IN FACT A "CONSUMPTION TAX" ON AMERICAN FAMILIES IMPOSED BY TRUMP ...

YOU DON'T NEED A DEGREE IN ROCKET SCIENCE OR POLITICAL SCIENCE OR ECONOMICS TO KNOW THAT ...

MARKETWATCH

"China accuses U.S. of ‘trade bullyism’ as $200 billion in tariffs kick in"


By Barbara Kollmeyer

Published: Sept 24, 2018 5:48 a.m. ET

Chinese officials fired back against the administration of U.S. President Donald Trump on Monday, accusing it of “trade bullyism,” and pushing an “America First” agenda at a cost of international relations.

The comments came via a policy paper published in the state news agency Xinhua on Monday, as the latest exchange of tariffs took effect—10% tariffs on $200 billion worth of Chinese goods, which was met with $60 billion in tariffs on U.S. goods by China.

Beijing officials said they wanted to clarify the facts about the current disagreement over trade and try to come up with a reasonable solution that works for both sides.

“Trade and economic relations between China and the U.S. are of great significance for the two countries as well as for the stability and development of the world economy,” said the paper, which added that some level of “trade friction is only natural" as both sides are at different stages.

And while both sides have made huge efforts over the past 50 year to move trade and economic relations forward, the Trump administration has been throwing up obstacles and “contradicting itself,” as well as challenging China nonstop, the study said.

“…it has brazenly preached unilateralism, protectionism and economic hegemony, making false accusations against many countries and regions, particularly China, intimidating other countries through economic measures such as imposing tariffs, and attempting to impose its own interests on China through extreme pressure,” said the paper.

Beijing has reportedly called off a fresh round of talks with the U.S. planned for the days ahead, saying they would not bow to any threats.

Trump has vowed to impose another $257 billion of Chinese products if the country goes ahead with retaliatory measures, but White House National Economic Council Director Larry Kudlow said last week that the U.S. remains ready to negotiate with Beijing.

While financial markets have managed to persistently managed to shake off trade worries, a rally for global stocks last week looked tough to follow at the start of a new week.

The Hong Kong Hang Seng Index closed down 1.6%, while European were under pressure and S&P 500 futures were tipping south.

On Friday, U.S. retailing giant Walmart Inc. warned that proposed tariffs on China would harm U.S. consumers and businesses, via a letter sent to U.S. Trade Ambassador Robert Lighthizer.

Others, such as the National Retail Federation also chimed in last week, saying the tariffs were a “tax on American families.”


https://www.marketwatch.com/story/china ... 2018-09-24
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Autoblog

"Jim Hackett says metal tariffs have cost Ford $1 billion in profits"


Sven Gustafson

26 SEPTEMBER 2018

Ford CEO Jim Hackett divulged in an interview with Bloomberg that the Trump administration's tariffs on metals imported from the European Union, Canada and Mexico have affected the automaker's balance sheet, adding that trade disputes need a quick resolution.

"From Ford's perspective, the metals tariffs took about $1 billion in profit from us," Hackett told the outlet.


"The irony is we source most of that in the U.S. today anyways."

"We're in a good place right now, but if it goes on longer there will be more damage."

President Trump in March announced his intention to enact 25 percent tariffs on steel imports and 10 percent on imported aluminum from the three trade zones as a way to protect the U.S. steel industry.

The move sent U.S. automakers' stock prices plunging at a time when they were coming off weak monthly sales reports.

Separately, President Trump has targeted China with two rounds of tariffs targeting a combined $260 billion worth of imports.

China has responded by enacting 25-percent tariffs on U.S. goods including vehicle imports.

In the interview, Hackett said that has hurt demand for Lincoln, which has found a growing market for its luxury vehicles in China, and made the price of the Lincoln MKC less attractive to Chinese buyers.

The MKC is built at the company's Louisville, Ky. assembly plant.

"We've had to move people in that factory to other operations because of that trade problem," he said.

It's not clear what those moves entail or how many workers were involved.

Autoblog sought comment from a Ford spokeswoman and will update this story if we hear back.

Ford last month announced it was scrapping plans to import the Focus Active small crossover to the U.S. from China because of the new 25-percent tariffs on Chinese imports.

http://www.msn.com/en-us/autos/news/jim ... id=HPDHP17
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AFP

"Russia rails against Western 'blackmail', 'brute force'"


28 SEPTEMBER 2018

Russia's foreign minister on Friday accused the West of resorting to "political blackmail, economic pressure and brute force" to prevent the emergence of rival global powers.

Addressing the United Nations General Assembly, Foreign Minister Sergei Lavrov said Western powers wanted to "retain their self-proclaimed status as world leaders."

"These powers do not hesitate to use any methods including political blackmail, economic pressure and brute force," Lavrov told the assembly.

At the podium earlier, Chinese Foreign Minister Wang Yi denounced "blackmail" in what was an apparent attack on President Donald Trump over trade and declared that Beijing would remain a "champion of multilateralism."

Although he also did not mention Trump by name, there was little doubt about who Lavrov was referring when he denounced leaders who make "loud statements" that question the legal validity of international agreements and "declare the priority of self-serving unilateral approaches."


He said that "attacks" were being launched against the Middle East peace process, the Iran nuclear deal, trade agreements under the World Trade Organization and the Paris climate accord.

"We are observing an onslaught of belligerent revisionism against the modern system of international law," he said.

Relations between Western powers and Russia have been tense over the war in Syria, where Moscow is supporting President Bashar al-Assad's forces.

Lavrov said the international community and UN agencies must make the return of refugees to Syria "a priority" as Russia pushes for reconstruction aid for its ally.

Russia and the United States are at odds over the Iran nuclear deal, although key US allies France and Britain have also vowed to defend the agreement that Trump ditched in May.

Trump has also faced global outrage over the US decision to recognize Jerusalem as the capital of Israel, disregarding UN resolutions that declare the city's final status must be resolved through negotiations.

http://www.msn.com/en-us/news/world/rus ... id=HPDHP17
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