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Trump planned visit to grieving El Paso stokes debate about his rhetoric

EL PASO, Texas (Reuters) - U.S. President Donald Trump, whose rhetoric about an immigrant “invasion” has alienated many in the predominantly Hispanic city of El Paso, will visit the grieving Texas border town on Wednesday after a gun massacre that killed 22 people. El Paso has been on the front lines of the Trump administration’s campaign to staunch the flow of migrants over the U.S.-Mexican border. The President in January called it one of America’s “most dangerous cities” before a wall was built. But the city’s mayor, Dee Margo, and some of its residents, reeling after Saturday’s rampage at a crowded Walmart store believed to have been…

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Trump dismisses fears of long-lasting trade war; China sees severe global impact

WASHINGTON/BEIJING/SHANGHAI (Reuters) - U.S. President Donald Trump dismissed fears of a protracted trade war with China on Tuesday despite a warning from Beijing that labeling it a currency manipulator would have severe consequences for the global financial order. Trump, who announced last week he would slap a 10% tariff on a further $300 billion in Chinese imports starting on Sept. 1, tweeted that “massive amounts of money from China and other parts of the world” were pouring into the U.S. economy. He also pledged to stand with American farmers in the face of Chinese retaliation. China has halted U.S. agricultural purchases and raised the possibility of additional…

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Bolton reminds Kim of missile pledge after North Korea warns of ‘new road’

WASHINGTON/SEOUL (Reuters) - U.S. national security adviser John Bolton reminded North Korea on Tuesday of its leader’s pledge to President Donald Trump not to resume launches of intercontinental-range missiles after Pyongyang conducted its fourth short-range missile test in less than two weeks and warned it might pursue “a new road.” U.S. National Security Adviser John Bolton attends a summit to discuss the political crisis in Venezuela, in Lima, Peru, August 6, 2019. REUTERS/Guadalupe PardoTrump and his administration have played down the series of short-range tests since July 25 and on Tuesday U.S. Defense Secretary Mark Esper said the United States would not overreact and would keep the…

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Global stocks climb as currency war fears ease

NEW YORK (Reuters) - World stock markets inched higher on Tuesday, propelled by solid gains on Wall Street, after China’s central bank stepped in to stabilize the yuan, soothing fears that a protracted trade spat between the United States and China would spill over into a currency war. Global markets had suffered a rout on Monday after China let the yuan fall below the 7 to the dollar level for the first time in more than a decade, spurring the United States to label Beijing a currency manipulator. On Tuesday safe-haven assets, including bonds, gold and currencies like the yen and Swiss franc, dipped as investors moved…

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Wall Street climbs more than 1% after China moves on yuan

NEW YORK (Reuters) - U.S. stocks jumped more than 1 percent on Tuesday, bouncing back from a sharp sell-off the previous day as China stepped in to stabilize the yuan, easing concerns that currencies would be the next weapon in the U.S.-China trade war. China’s overnight intervention came after the U.S. Treasury Department labeled Beijing a currency manipulator as it let the yuan slide to a more than decade low on Monday. “It’s a signal from the Chinese side that they want to keep the yuan steady and elevated. But it also indicates how quickly things can change. That’s permeating the tone in the market, and it’s…

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Biden leads Democrats as minorities favor most electable candidate vs Trump: Reuters/Ipsos poll

NEW YORK (Reuters) - Joe Biden maintained his lead for the Democratic presidential nomination as minorities gravitated toward the former vice president and his top rival, U.S. Senator Bernie Sanders of Vermont, in search of the safest bets for beating President Donald Trump in 2020, according to a Reuters/Ipsos poll. Democratic 2020 presidential candidate and former U.S Vice President Joe Biden speaks at the UnidosUS Annual Conference, in San Diego, California, U.S., August 5, 2019. REUTERS/Mike BlakeThe Aug. 1-5 public opinion poll, released on Tuesday, showed that 22% of Democrats and independents would vote for Biden, a level that is unchanged from a similar poll that ran…

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After shootings, Trump reins in his attacks – for now

WASHINGTON (Reuters) - After back-to-back mass shootings in two states over the weekend spurred widespread condemnation of his rhetoric and style, President Donald Trump chose to suppress his instinct to attack his rivals - at least for now. Trump has spent a large part of the summer engaged in attacks on four minority congresswomen and an African-American lawmaker from Baltimore. He has long railed against illegal immigrants, characterizing a surge of asylum seekers from Central America as an “invasion.” That rhetoric and his hard-line immigration policies have exposed Trump to sharp criticism since a lone gunman, who law enforcement authorities say apparently was driven by racial hatred,…

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U.S. ready to target other countries for supporting Venezuela’s Maduro

LIMA (Reuters) - U.S. national security adviser John Bolton on Tuesday said Washington was ready to impose sanctions on any international company doing business with Venezuelan President Nicolas Maduro, a sharp escalation of U.S. pressure on the leftist leader. Bolton, addressing a summit on Venezuela in the Peruvian capital Lima, emphasized that tougher international action was needed to speed up a transition of power in the country, where more than four million Venezuelans have fled economic collapse. “We are sending a signal to third parties that want to do business with the Maduro regime: proceed with extreme caution,” Bolton said. His speech came a day after U.S.…

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Bolton says time to act against Venezuela’s Maduro after U.S. freezes assets

LIMA (Reuters) - U.S. national security adviser John Bolton on Tuesday called for tougher international action against Venezuelan President Nicolas Maduro after Washington froze his government’s assets in a sharp escalation of its pressure on the leftist leader. Venezuela's President Nicolas Maduro takes part in a meeting with members of the government at Miraflores Palace in Caracas, Venezuela July 25, 2019. Miraflores Palace/Handout via REUTERS Addressing a summit on Venezuela in the Peruvian capital Lima, Bolton stressed that U.S. authorities can now target and sanction anyone, including foreigners, who supports Maduro’s government. “The time to act is now. The United States is acting assertively to cut off…

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Venezuela says new Trump executive order formalizes ‘blockade’

A street seller counts money in front of a closed local shop in Valencia, Venezuela, Venezuela, April 8, 2019. REUTERS/Ueslei MarcelinoCARACAS (Reuters) - Venezuela’s foreign ministry on Tuesday said a new move by U.S. President Donald Trump to freeze all the country’s assets in the United States was an effort to “formalize a criminal economic, financial, and commercial blockade that has already started.” In a statement, the ministry said it would not allow the “escalation of aggressions” to affect “political dialogue processes.” Venezuela’s government and opposition are currently engaged in talks mediated by Norway’s government to resolve the South American country’s deep political crisis. Reporting by Luc…

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