The action was hot and heavy — especially heavy — as competition began Thursday in Thailand’s King’s Cup Elephant Polo tournament, a quirky charity event whose proceeds benefit the beasts who are the games’ stars.

The game deviates from standard polo in several aspects, aside from the mounts weighing upward of 2,200 kilograms (5,000 pounds). Two people, the player and a mahout, or trainer, sit astride each elephant. The mallets are about two meters (6.6 feet) long, and women are allowed to use both hands to wield them.

Elephants are the de facto national animal of Thailand, and for a time even adorned the country’s flag. But in the past few decades, they have fallen on hard times, as deforestation has deprived them of a habitat where they can roam wild and led to massive unemployment in logging, the sector where tamed elephants could once earn an honest living.

The tournament’s organizer, a Thai-owned international hotel chain, say that since the games began in 2001, originally in the seaside resort city of Hua Hin but now in the capital, Bangkok, they have raised almost $950,000 for projects benefiting Thailand’s elephants, “including housing for the mahouts and families, shelters for the elephants and a mobile blood centrifuge and elephant ambulance for the Thai Elephant Conservation Center.”

The playing beasts can count on a special treat after each match, sugar cane or a nutritious mix of molasses and rock salt in rice balls, to replace depleted vitamins and minerals.
…

From: MeNeedIt

A federal judge is expected to hear arguments on Thursday about whether President Donald Trump violated Twitter users’ free speech rights under the U.S. Constitution by blocking them from his account.

The arguments before U.S. District Judge Naomi Reice Buchwald in Manhattan are part of a lawsuit brought last July by the Knight First Amendment Institute at Columbia University and several individual Twitter users.

Trump and the plaintiffs are seeking summary judgment, asking Buchwald to decide the case in their favor without a trial.

Twitter lets users post short snippets of text, called tweets. Other users may respond to those tweets. When one user blocks another, the blocked user cannot respond to the blocker’s tweets.

The plaintiffs have accused Trump of blocking a number of accounts whose owners criticized, mocked or disagreed with him in replies to his tweets.

They argued that Trump’s Twitter account, @realDonaldTrump, is a public forum, and that denying them access based on their views violates the First Amendment.

Trump in court papers countered that his use of Twitter is personal, not a “state action.”

Even if it were a state action, he said, his use of Twitter was a form of “government speech,” not a public forum.

Trump’s Twitter use draws intense interest for his unvarnished commentary, including attacks on critics. His tweets often shape news and are retweeted tens of thousands of times.
…

From: MeNeedIt

Europe’s top monetary official criticized U.S. President Donald Trump’s proposal to put tariffs on steel and aluminum imports as a “dangerous” unilateral move.

Mario Draghi, the president of the European Central Bank, said that the “immediate spillover of the trade measures … is not going to be big.” But he said such disputes should be worked out among trade partners, not decided by measures initiated from one side.

“Whatever convictions one has about trade … we are convinced that disputes should be discussed and resolved in a multilateral framework, and that unilateral decisions are dangerous.”

Trump is expected to announce by the end of this week tariffs of 25 percent on steel and 10 percent on aluminum. Trump has long singled out China for being unfair in trade practices, but experts say the tariffs would hurt U.S. allies Canada and the European Union far more.

Draghi warned that unilateral moves like these tariffs could trigger retaliation — which the EU and China, among other, have already threatened.

The most important fallout, Draghi said, would be if tariffs raised fears about the economy. They could depress confidence among consumers and businesses, he said, which could weaken both growth and inflation.

Draghi also alluded to the kind of financial deregulation the U.S. is pursuing as a risk to the global economy. The U.S. Senate is considering a bill that would remove some of the banking safeguards imposed in the wake of the 2008 financial crisis and the collapse of investment bank Lehman Brothers. The bill is sponsored by Republican Sen. Mike Crapo of Idaho but has attracted several Democratic sponsors as well.

Draghi didn’t mention the bill specifically but said that the global financial crisis had been preceded by “systematic disruption of financial regulation in the major jurisdictions.” He said that while European regulators are not looking to ease back checks on the financial sector “massive deregulation in one market is going to affect the whole world.”

These uncertainties overshadowed a monetary policy announcement by the ECB, in which it hinted it is closer to withdrawing a key economic stimulus program.

The bank left unchanged its key interest rates as well as the size of its bond-buying stimulus program after its latest policy meeting. But in its statement it omitted an earlier promise that it could increase its bond-purchase stimulus in size or duration if the economic outlook worsens.

Draghi downplayed the step, saying it was a “backward-looking measure” that no longer fit today’s circumstances. Economic growth in the eurozone hit a strong annual rate of 2.7 percent in the fourth quarter, making the prospect of added stimulus remote.

The bank has said it will continue buying 30 billion euros ($37 million) in bonds per month through September and longer if needed — but has given no precise end date.

The eventual end of the stimulus will have wide-ranging effects. It could cause the euro to rise in value against other currencies, potentially hurting exporters, and it could bring higher returns on savings as well as stiffer borrowing costs for indebted governments in the 19-country eurozone. It should make it easier for people and companies to fund pension savings. But it could make richly valued stock markets less attractive relative to more conservative holdings.

The euro was volatile after the ECB’s statement, first jumping and then falling back to $1.2333 by end of day.

The stimulus program pushes newly printed money into the economy. That in theory should lower borrowing rates and raise inflation and growth. But while growth has bounced back, inflation has been slow to respond. It remains at 1.2 percent, stubbornly below the bank’s goal of just under 2 percent, the level considered best for the economy.

The bond purchases were started March 2015 to help the eurozone bounce back from troubles over government and bank debt in several member countries including Greece, Ireland, Portugal, Cyprus, Spain and Italy. The economy is now doing better, but the bank has moved cautiously in ending its crisis measures for fear of roiling recently volatile financial markets.
…

From: MeNeedIt

Trade ministers from 11 Pacific Rim countries are set to sign a sweeping agreement to streamline trade and slash tariffs just as U.S. President Donald Trump is preparing to formalize new tariffs on aluminum and steel to protect U.S. producers.

The deal to be signed Thursday in the Chilean capital is an outgrowth of the Trans-Pacific Partnership that Trump pulled the U.S. out of last year.

Many feared the agreement would not prosper without its most influential country. But the remaining 11 members pressed ahead, saying it shows resolve against protectionism.

The pact includes Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
…

From: MeNeedIt

The White House says Melania Trump will present the International Women of Courage Award later this month.

The first lady also will deliver remarks at a March 21 State Department ceremony recognizing women who have shown courage and leadership in pressing for women’s rights worldwide.

The State Department award began in 2007 to commemorate International Women’s Day, which is Thursday. More than 120 women from more than 65 countries are being honored this year.

The first lady says in a statement that the courage shown by the honorees furthers her belief “in the powerful impact women can make through solidarity and support of one another.” She adds that “our strength is something to be celebrated.”

Mrs. Trump also participated in last year’s awards ceremony.
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From: MeNeedIt

The 90th annual Academy Awards were, by any definition, a moment of triumph for Latinos.

Guillermo del Toro became the third Mexican-born filmmaker to win best director, and it was his lavish Cold War fantasy “The Shape of Water” that was crowned best picture. Pixar’s box-office smash “Coco,” the biggest budget studio release to feature a largely Hispanic cast, won best animated feature and best song. Lin-Manuel Miranda reminded viewers of Puerto Rico, rebuilding from Hurricane Maria. Lupita Nyong’o advocated for the Dreamers. Rita Moreno returned, resplendently, in the dress she wore to the Oscars in 1962. And Chile’s “A Fantastic Woman” won best foreign language film.

But the Oscars were also, by any measure, an aberration. As much as Hispanics had the spotlight at Sunday’s ceremony, they are seldom granted center stage by Hollywood the rest of the year.

“It was kind of ironic,” said Alex Nogales, president of the National Hispanic Media Coalition. “By having so many presenters, you’re presenting that this is a very diversified business when it’s not. You can appreciate that they’re there. But then you can ask yourself: Is this really the way Hollywood is? And the answer is no.”

Despite accounting for 18 percent of the U.S. population, and 23 percent of frequent moviegoers, according to the Motion Picture Association’s 2017 statistics, Hispanics are chronically underrepresented in the movies. A study by the University of Southern California’s Annenberg School for Communications and Journalism found that only 3 percent of speaking characters in the top 100 movies of 2016 were Latinos.

There were no Latinos among the acting nominees this year, nor are there most years. Demian Bichir (“A Better Life”) was the last Latin American nominated, six years ago. Only a handful of Latino actors have ever won an Oscar, including Moreno, Jose Ferrer, Anthony Quinn and Benicio del Toro.

America Ferrera, in a Deadline column in 2016, wrote: “All audiences want to see the world they live in reflected on screens big and small. At a certain point, it becomes unavoidable to notice that we’re being ignored.” Chris Rock, in a 2014 column for The Hollywood Reporter wrote: “Forget whether Hollywood is black enough. A better question is: Is Hollywood Mexican enough?”

But while (hash)OscarSoWhite brought renewed focus on the industry’s poor track record in diversity, Latinos have often been left out of the discussion.

 The National Hispanic Media Coalition held two protests ahead the Oscars, one outside the annual academy luncheon and another in Hollywood on Saturday. But Nogales believes stronger action is necessary. He says that he’s asked each of the six major studios to meet with the watchdog group within the next ten days or the coalition will begin boycotting one studio at a time.

“It’s a take-it or leave-it proposition,” said Nogales, who advocates for more American-born Latinos in media. “We’re 50 million strong so we can hurt people’s bottom line.”

That box-office power has been especially obvious with “Coco,” a film that Pixar shifted during development to tell a more indigenously Mexican story. Adrian Molina was also added as co-director. It’s made $745 million worldwide and set new box-office records in Mexico.

“We started making `Coco’ six years ago and it was a very different political climate, of course, than we find ourselves in now,” director Lee Unkrich told reporters backstage Sunday. “While we were making the film, we had a change of presidency and a lot of things started to be said about Mexico and about Mexican-Americans that was unacceptable.

“We began to feel a new urgency to get the movie out into the world,” he said. “We knew how important it was.”

President Donald Trump, whose immigration policies and pledge to build a wall between the U.S. and Mexico has been deeply unpopular among Latinos, followed up the Oscar broadcast by tweeting Monday that Mexico had to do “much more on stopping drugs from pouring into the U.S.”

Del Toro, though, spoke on the Dolby Theatre stage about the power of art to “erase the lines in the sand.” The 53-year-old filmmaker, born in Guadalajara, began his first speech by saying, “I am an immigrant.”

His win joins him with his countrymen, Alejandro Inarritu (“Birdman,” “The Revenant”) and Alfonso Cuaron (“Gravity”) — who are together known as the “Three Amigos” — as the three Mexican-born filmmakers to win best director, and all in the last five years. Long friends who share their scripts with one another and rely on each other for advice, they have together dominated the Oscars for half a decade like few before them.

“Every time we can demonstrate in any forum, be it sports, science, art, culture, anywhere, what we have to bring to the world discourse, to the world conversation, is extremely important,” del Toro said backstage. “And it’s extremely important when we do it to remember where we’re from, because it’s honoring your roots, honoring your country.”
…

From: MeNeedIt

Some countries are now likely to be spared from planned tariffs on metals advocated by U.S. President Donald Trump. 

“We expect that the president will sign something by the end of the week, and there are potential carve-outs for Mexico and Canada, based on national security, and possibly other countries as well, based on that process,” White House press secretary Sarah Huckabee Sanders told reporters Tuesday. 

Sources at the White House also said Trump’s controversial tariff plan could be put into action at a signing ceremony at 3:30 p.m. EDT (2030 UTC) Thursday.

Reuters quoted a senior U.S. official as saying the measures would take effect about two weeks after Trump signed the proclamation. 

Meanwhile Wednesday, U.S. Representative Kevin Brady, a Texas Republican, and other House members wrote a letter to Trump urging him to minimize negative consequences if he goes through with the tariff plan.

Brady, chair of the Ways and Means Committee, joined with Representative Dave Reichert, a Washington state Republican who chairs the Ways and Means subcommittee on trade, led the lawmakers who warned the president about the drawbacks to his tariff plan.

The letter said “tariffs are taxes that make U.S. businesses less competitive and U.S. consumers poorer,” and “any tariffs that are imposed should be designed to address specific distortions caused by unfair trade practices in a targeted way while minimizing negative consequences in American businesses and consumers.”

The lawmakers recommended that Trump exclude fairly traded products and products that do not pose a national security threat; announce a process for U.S. companies to petition for duty-free access to imports unavailable from U.S. sources; and allow exemptions for existing contracts for steel and aluminum purchases. They also recommended doing a short-term review of the effects of the tariffs on the economy to decide whether the approach is working.

The tariffs are expected to impose a duty of 25 percent on steel imports and 10 percent on aluminum imports that Trump says undermine U.S. industry with their low prices.

The comment that some Canada and Mexico may be spared in the tariffs plan resulted in key stock indexes and the U.S. dollar paring losses in afternoon trading.

The Dow Jones industrial average, after falling more than 300 points during the session, closed off 83 points, a drop of one-third of a percent. 

Market players said the sell-off was sparked by the previous day’s announcement that the president’s chief economic adviser, Gary Cohn, was resigning. The former Goldman Sachs investment bank president had opposed the sweeping tariffs for foreign steel and aluminum.

‘Easy to win’

Trump boasted last week that trade wars “are good and easy to win” after his surprise announcement he planned to impose the tariffs on imports of the two metals. That prompted widespread criticism from his normal Republican colleagues in Congress and America’s allies. 

The president, according to staffers, acted on recommendations made by Commerce Secretary Wilbur Ross, formerly a billionaire investor, and Peter Navarro, an economist who is director of the White House National Trade Council. 

​’Easy to win’

Trump boasted last week that trade wars “are good and easy to win” after his surprise announcement he planned to impose a 25 percent U.S. tariff on steel imports and a 10 percent levy on aluminum imports. That prompted widespread criticism from his normal Republican colleagues in Congress and America’s allies. 

The president, according to staffers, acted on recommendations made by Commerce Secretary Wilbur Ross, formerly a billionaire investor, and Peter Navarro, an economist who is director of the White House National Trade Council. 

Ross said the planned steel and aluminum tariffs were “thought through. We’re not looking for a trade war.”

The tariffs proposal also won support from economic nationalists in the United States and some Democratic lawmakers in manufacturing states whose fortunes could be boosted by the tariffs protecting their metal industries.

The chief of the International Monetary Fund, Christine Lagarde, on Wednesday in a European radio interview, warned of a global trade war, predicting the U.S. tariffs could lead to “a drop in growth, a drop in trade, and it will be fearsome.”

Warning that there would be no victors in such a trade war, Lagarde urged “the sides to reach agreements, hold negotiations, consultations.”

‘Easy to lose’

European Council President Donald Tusk echoed Lagarde’s stance, saying, “The truth is quite the opposite: Trade wars are bad and easy to lose. For this reason, I strongly believe that now is the time for politicians on both sides of the Atlantic to act responsibly.”

The European Commission, the executive arm of the 28-nation European Union, detailed retaliatory tariffs it plans to impose on prominent U.S. products if Trump carries out his plan to impose the metal tariffs, taxing Harley-Davidson motorcycles, bourbon, blue jeans, cranberries, orange juice and peanut butter.

Moody’s Investors Service said the planned tariffs “raise the risk of a deterioration in global trade relations.”

Trump said on Twitter that since former President George H.W. Bush was in the White House 30 years ago, “our Country has lost more than 55,000 factories, 6,000,000 manufacturing jobs and accumulated Trade Deficits of more than 12 Trillion Dollars.”

“Bad Policies & Leadership. Must WIN again!” Trump also said on Twitter. 

Trump claimed the United States last year had a trade deficit of “almost 800 Billion Dollars,” significantly overstating the actual figure of $566 billion, which still was the biggest U.S. trade deficit in nine years. 

A new report Wednesday said the U.S. trade deficit in January — the amount its imports exceeded its exports — reached $56.6 billion, the highest monthly total since October 2008.
…

From: MeNeedIt

U.S. President Donald Trump’s plan to impose tariffs of 25 percent on steel and 10 percent on aluminum has met criticism from his Republican allies in Congress, many of whom worry the measures could trigger a trade war that damages U.S. businesses. But the president does have supporters among some Senate Democrats from states where voters are concerned about the long-term loss of American manufacturing jobs.

“This welcome action is long overdue for shuttered steel plants across Ohio and steelworkers who live in fear that their jobs will be the next victims of Chinese cheating,” Senator Sherrod Brown, a Democrat from Ohio, said in a statement released after the plan was announced. “If we fail to stand up for steel jobs today, China will come after other jobs up and down the supply chain tomorrow.”

American labor unions have also broadly favored Trump’s proposed tariffs, saying they have been complaining for years that foreign countries frequently subsidize their own steel industries, putting American competitors at a disadvantage. 

Economists have been mostly critical of the plan, saying that overall it will hurt American manufacturers, some of whom may be targeted by trading partners for retaliatory sanction. They argue that the benefits to steel and aluminum workers are outweighed by job losses among Americans in other industries. 

Tariffs in focus in special election 

A test of how much the issue is resonating with American voters comes next week, when voters in Pennsylvania’s 18th congressional district, vote in a special election to fill a vacated seat. 

Many voters are looking to the president to fulfill his campaign promise of protecting manufacturing jobs in America’s heartland.

The race for the seat left vacant by Rep. Tim Murphy’s sex scandal is coming down to the wire between Republican candidate Rick Saccone and Democrat Conor Lamb.

Saccone’s campaign endorsed Trump’s tariff plan in a statement, saying “If other countries aren’t playing by the rules and tariffs are needed to protect steel and aluminum jobs in Southwestern Pennsylvania, Rick would support those measures.”Pennsylvania’s Democratic Senator Bob Casey also voiced his support for the president’s plan in a Facebook statement Thursday.

“I commend the President for announcing his intent to take action to protect our steelworkers from countries, like China, that cheat on trade. I have repeatedly called on this and previous Administrations to aggressively enforce our trade laws. For years, foreign countries have been dumping steel into our markets and costing our workers their jobs and suppressing their wages,” he wrote.

But Trump’s plan to impose the new tariffs prompted White House Chief Economic Advisor Gary Cohn to resign Tuesday.

McConnell, Ryan concerned

Senate Majority Leader Mitch McConnell and House Speaker Paul Ryan also expressed their concerns to the president, urging him to target the tariffs against specific countries to avoid a potential trade war.

U.S. Commerce Secretary Wilbur Ross told cable news network CNBC Wednesday the administration is not seeking a trade war. 

“We’re going to have very sensible relations with our allies,” said Ross. “We hope and we believe that at the end of the day, there will be a process of working with the other countries that are our friends.”

Trump dismissed concerns about a trade war during a joint press conference with the Swedish prime minister Tuesday.

“When we’re behind on every single country, trade wars aren’t so bad,” he told reporters. “In some cases we lose on trade plus we give them military where we’re subsidizing them tremendously. So, not only do we lose on trade, we lose on military.”

The administration is considering the new tariffs under a so-called “232 report.” It allows the president to impose trade quotes or tariffs if a probe finds imports threaten national security.

‘National security’

“It’s about our economy,” Vice President Mike Pence said of the need to enact tariffs, during a February meeting with lawmakers. “It’s about our national security.”

A March 7 Politico/Morning Consult poll of 2,000 registered voters, found that 65 percent of Republicans support the president’s plan.

White House Press Secretary Sarah Huckabee Sanders told reporters Wednesday the administration was still on pace to fully roll-out the tariffs at the end of this week.
…

From: MeNeedIt

The FBI views companies hit by cyberattacks as victims and will not rush to share their information with other agencies investigating whether they failed to protect customer data, its chief said Wednesday. Christopher Wray, director of the Federal Bureau of Investigation, encouraged companies to promptly report when they are hacked to help the FBI investigate and prevent future data breaches.

He contrasted the FBI’s approach to that of other regulators and state authorities. Without naming other agencies, Wray referred to “less-enlightened enforcement agencies,” some of which he said take a more adversarial approach.

“We don’t view it as our responsibility when companies share information with us to turn around and share that information with some of those other agencies,” Wray said in response to an audience question at a cybersecurity conference at Boston College.

Amid a wave of high-profile data breaches at major corporations, the Federal Trade Commission (FTC) and state attorneys general are investigating how many of them secured consumer data before they were hacked.

Equifax Inc, which suffered a breach in 2017 that compromised the data of more than 147 million consumers, is fighting a lawsuit by Massachusetts Attorney General Maura Healey and faces probes by over 40 other states and the FTC.

Ride-sharing company Uber Technologies Inc is also facing investigations by state attorneys general after a data breach of 57 million accounts. Uber has been sued by the states of Washington and Pennsylvania, and like Equifax faces private class action lawsuits over the breach.

Speaking at the conference, Wray said the FBI needed to partner with the private sector to combat an evolving threat that has “turned into full-blown economic espionage and extremely lucrative cybercrime.”

Wray, who took over as director in August, said in order to prevent cyber threats, companies should approach the FBI as soon as they see signs of unauthorized access to their computer systems or malware infesting them.

“At the FBI, we treat victim companies as victims,” he said.

 
…

From: MeNeedIt

President Donald Trump is selling Hispanic business owners on his new tax cuts.

Trump is delivering the keynote address Wednesday at the annual legislative summit of the Latino Coalition. It’s his first time addressing Hispanic business owners.

The president says the $1.5 trillion package of tax cuts he signed late last year have finally given American business a “level playing field.” He tells the Latino business owners that they’ll “see more of this in the coming weeks.”

Trump highlighted administration efforts to eliminate regulations that many businesses find burdensome.

Trump also touched on immigration. He blamed Democrats for failing to reach agreement with the White House on a plan to protect immigrants who were brought to the country illegally as children.
…

From: MeNeedIt

The International Monetary Fund and European leaders pushed back Wednesday against U.S. President Donald Trump’s plan to impose steep tariffs on steel and aluminum imports, saying it would provoke a calamitous global trade war.

IMF chief Christine Lagarde told a European radio interviewer, “If international trade is called into question by these types of measures, it will be a transmission channel for a drop in growth, a drop in trade and it will be fearsome. In a trade war that will be fed by reciprocal increases of customs tariffs, no one wins.”

Lagarde said the IMF is “anxious” that U.S. tariff increases not be imposed, saying, “We are urging the sides to reach agreements, hold negotiations, consultations.”

Trump boasted last week that trade wars “are good and easy to win” after he announced plans for a 25 percent U.S. tariff on steel imports and a 10 percent levy on aluminum exported to the United States.

The proposal has drawn widespread criticism from his normal Republican colleagues in Congress and U.S. foreign allies, but support from economic nationalists in the United States and a handful of Democratic lawmakers in manufacturing states whose fortunes could be boosted by the tariffs protecting their metal industries.

EU retaliation

European Council President Donald Tusk rebutted Trump’s contention about trade conflicts, saying, “The truth is quite the opposite: Trade wars are bad and easy to lose. For this reason I strongly believe that now is the time for politicians on both sides of the Atlantic to act responsibly.”

The European Commission, the executive arm of the 28-nation European Union, detailed retaliatory tariffs it plans to impose on prominent U.S. products if Trump carries out his plan to impose the metal tariffs, taxing Harley-Davidson motorcycles, bourbon, blue jeans, cranberries, orange juice and peanut butter.

Trump has claimed the United States needs to impose the steel and aluminum tariffs to protect its national security, but European Trade Commissioner Cecilia Malmstroem dismissed his rationale.

“We cannot see how the European Union, friends and allies in NATO, can be a threat to international security in the U.S.,” Malmstroem said. “From what we understand, the motivation of the U.S. is an economic safeguard measure in disguise, not a national security measure.”

Denmark Foreign Minister Anders Samuelsen said if a trade war starts between the United States and the European Union, “at the end of the day, European and American consumers will pay for it. That is the signal we have to send to Trump that it is not a path we should follow.”

Moody’s Investors Service said the planned tariffs “raise the risk of a deterioration in global trade relations.”

Despite the criticism, White House Press Secretary Sarah Huckabee Sanders said Trump is “on track” to make the formal announcement on the tariffs by the end of the week.

Cutting the trade deficit

Trump said on Twitter that since former President George H.W. Bush was in the White House 30 years ago, “our Country has lost more than 55,000 factories, 6,000,000 manufacturing jobs and accumulated Trade Deficits of more than $12 trillion.”

Trump claimed the United States last year had a trade deficit of “almost $800 billion,” significantly overstating the actual figure of $566 billion, which still was the biggest U.S. trade deficit in nine years. A new report Wednesday said the U.S. trade deficit in January – the amount its imports exceeded its exports – reached $56.6 billion, the highest monthly total since October 2008.

“Bad Policies & Leadership. Must WIN again!” Trump said.

In another tweet, Trump said the United States has asked China “to develop a plan for the year of a One Billion Dollar reduction in their massive Trade Deficit with the United States. Our relationship with China has been a very good one, and we look forward to seeing what ideas they come back with. We must act soon!”

U.S. Commerce Secretary Wilbur Ross said the planned steel and aluminum tariffs were “thought through. We’re not looking for a trade war.”

He said the Trump administration could take a “surgical approach” to new tariffs, exempting some countries, specifically Canada and Mexico, if revisions are reached in the ongoing negotiations over changes in the 1994 North American Free Trade Agreement.

Ross added that it is “not inconceivable that others could be exempted on a similar basis.”

Stocks prices fell in the U.S. markets with the turmoil over the tariffs and the resignation Tuesday of Gary Cohn, Trump’s chief economic adviser, an economic globalist who had opposed the steel and aluminum tariffs, but lost the internal White House debate.

The Dow Jones Industrial Average of 30 key stocks dropped a half percentage point in early Wednesday trading and other markets dropped too.

Trump promised to quickly replace Cohn, saying, “Many people wanting the job — will choose wisely!”
…

From: MeNeedIt

At Sweet Waters, a village in central Kenya, Veronicah Nyambura stands under the hot sun between two fields. One is full of lush plants – but the other has crops so wilted that their leaves have curled up.

The green land is planted with tea tree, an Australian native that thrives in this semi-arid part of Kenya. Opposite is a field of maize, which suffers in years of poor rains and high temperatures.

“Maize is very disappointing. You plant but you’re never sure whether you’ll harvest anything,” said Nyambura, who has planted a quarter-acre of tea trees.

The 65-year-old said she harvests 900 kg of tea tree branches every six months from that bit of land. When it was planted to maize, she got about 270 kg of grain every nine months, she said.

Many farmers in this part of Laikipia County – like farmers in many parts of the world – cannot afford to buy seeds for alternative crops better suited to drought, so keep planting maize.

But Nyambura and about 800 other small-scale farmers were sold tea tree seedlings on credit by a company called Earthoil that also guaranteed to buy their harvest. Each seedling cost 3.5 Kenyan shillings, or about 3 cents.

Earthoil, which buys the branches for between 17 Kenyan shillings ($0.17) and 19 Kenyan shillings ($0.19) a kilogram, extracts the tea tree oil at its local distillery and exports it to British skin-care company, The Body Shop.

Dairy cows and a TV

To meet the demands of buyers, Martin Thogoto Mwambia, 68, uses mulch – not chemical fertilizers or pesticides – on his 1.75-acre tea tree farm in Ngarariga village, in neighboring Nyeri county.

“I am mulching them with cow-dung and dried leftovers of tea tree,” he said with a smile while rubbing the dirt off his hands.

The farmer said he has reaped a fortune from the crop, which means he does not have to spend his old age working in menial jobs.

“Handling 50,000 Kenyan shillings ($490) and sometimes 100,000 Kenyan shillings ($990) is a miracle to me. Tea tree has given me that privilege,” said Mwambia, who worked as a guard in a local firm before he began growing tea trees.

Prior to tea tree he grew maize – but even in good years he earned far less, he said.

“Sometimes when the drought is at its worst I would harvest a tin (a kilogram) or two,” said Mwambia who is now harvesting an average of 10,000 kgs of tea tree branches annually from his farm.

The proceeds have enabled him to buy two dairy cows, get connected to electricity and buy a television set.

“Life is better for us now. I am happy,” said his wife, Jane Gathigia.

The drought-tolerant tea trees come with the advantage of a ready market, the farmers said.

“Marketing maize is a headache. The prices fluctuate from time to time and farmers end up making losses,” said Alice Wanja, 42, at her quarter-acre tea tree farm at Sweet Waters, about 1.5 km from Nyambura’s home.

“There is nothing like that with tea tree. The buyer is already at the waiting end and the buying price is good,” she said.

Long-term risks

The Laikipia County project came about through a grant from the Global Environment Facility (GEF), administered by the United Nations Development Program (UNDP) and implemented by a local charity, Kenya Organic Agriculture Network (KOAN), which partnered with Earthoil.

Although projects of this kind guarantee farmers a reliable buyer, they do not necessarily offer security in the longterm since the buyer may go out of business or move elsewhere, warned Tom Nyamache, professor of economics at Turkana University College.

On the flip side, the buyer is also at risk of closing shop if the farmers’ productivity falls or fails completely, he said.

It is important that farmers plant an alternative crop that also can thrive in the changed climate conditions to serve as a fallback should their tea tree ventures fail, he said.

Earthoil’s project manager, Martin Wainaina, said there is such a big demand for tea tree oil that they are making aggressive plans to expand production.

The Body Shop wants 30 tons of oil from the firm each year, but Earthoil can currently only supply 8 tons, he said.

Expanding the pool of farmers is a challenge. The plants have to be grown near the distillery, as tea tree branches are bulky and difficult to transport, he said.

The tea tree thrives in the volcanic soil and high altitudes in this region near Mount Kenya, Wainaina said.

Expanding production to other parts of Kenya with similar arid and semi-arid climates will only be possible through research and investment in more tea tree processing, analysts say.

Nancy Chege, country program manager at GEF-UNDP, Kenya, said scaling up tea tree farming also would depend on continuing to look for new markets, both locally and internationally.

But “most (such) community projects … are usually sustainable because trade goes on even after the project (ends),” she said.

($1 = 101.1700 Kenyan shillings)
…

From: MeNeedIt