The government plans 1.1 billion euros to develop organic agriculture

The government plans a budget of 1.1 billion euros to develop organic farming in France within five years, according to a document that AFP was able to consult, confirming information from Le Figaro.

The government, which claims an increase of 62% of the budget compared to the previous plan ambition bio, hopes to increase from 6.5 to 15% land cultivated in organic by the end of the five-year period.

wants to allow French agriculture to better respond to the explosion of demand for organic products in France.

Currently, France imports nearly 30% of organic products that it consumes.

This envelope of 1.1 billion of public funding exclusively devoted to conversion, consists of 630 million euros of European aid, EAFRD funds (European Agricultural Fund for Rural Development), 200 million co-financing of the State , supplemented by other funding s, mainly from water agencies.

"Traditionally, water agencies also provide funding for organic farming," Sophie Delaporte, the minister's cabinet director, told AFP Stéphane Travert

It estimates between 170 and 200 million euros the funding that they could bring.

Donald Trump hits hard and threatens Beijing with $ 100 billion in taxes

"I asked the Ministry of Commerce to consider whether an additional $ 100 billion of tariffs would be adjusted under Article 301 (on intellectual property) and, in this case, to identify on which they could be taxed, "said the US president in a statement. Even if he has clearly decided to raise the pressure by one step by answering in Beijing, it is only threats.

The China s is declared Friday ready to "go to the end" and "whatever the price" in a commercial war with the United States, after new threats of the American president Donald Trump . "If the United States ignores the opposition of China and the international community and persists in their unilateral and protectionist measures, China is ready to go to the end, whatever the price," said the Chinese Ministry of Commerce in a statement. Trump threatened Thursday to impose $ 100 billion of new customs duties on Chinese imports, in response to retaliatory measures announced by Beijing.

US Trade Representative (USTR) Robert Lighthizer took care to note in a statement that, as the trade retaliation announced on April 3 by the United States that provoked the ire and the threat of retaliation from Beijing this week, they would only come into force after the end of a public consultation process. However, the prospect of a proper trade dispute is a concern for investors and stock prices have suffered in recent weeks.

"President Trump proposes an appropriate response to China's recent threat of After a detailed investigation, the USTR found irrefutable evidence that China's unreasonable actions were threatening the US economy, "he said. The USTR again denounces Chinese practices that, according to the Americans, are the looting of the intellectual property of American companies that want or do business in China.

Threats

"Economies Around the World – including the Chinese economy– would benefit from the application in China of policies that would truly reward hard work and innovation rather than pursue policies that distort the vital sector of high technology, "the USTR added. its press release. "Unfortunately, China has chosen to respond with threats of imposing unjustified taxes on billions of dollars worth of US exports, including our agricultural products, which would undoubtedly hurt even more workers, farmers and businesses. USTR,

In response to the Trump administration's Tuesday publication of a tentative list of products imported from China likely to be subject to new tariffs, Beijing responded with a A list of more strategic US products including soybean, automotive and aerospace for an amount equal to the first measures announced by Washington on Tuesday: $ 50 billion.

Beijing has taken careful to establish its list of future products to be taxed to hit as hard as possible regions that voted in favor of Donald Trump, according to experts. One way to exert maximum pressure on the billionaire, which ensures that it will seek a second mandate. China also made an official approach to the first round of tariffs by Trump on Thursday at the World Trade Organization (WTO)

In the Chinese text, published by the WTO, the Chinese delegation the organization is seeking "consultations" with Washington "on the taxes (and) measures" that Mr. Trump plans to apply "to certain products in various sectors including mechanical engineering, electronics, etc., from China". A "request for consultations" is the first step towards a formal complaint to the WTO Dispute Settlement Body.

Donald Trump has launched a merciless struggle against the US trade deficit which he sees as a sign of the weakness of his predecessors who have allowed the rest of the world to profit from the United States.

International mobilization

China is particularly in the sights. The US trade deficit (US $ 375.2 billion in 2017) pushed Trump to ask Chinese officials to "immediately reduce this $ 100 billion deficit." The latest US figures released on Thursday show that since the beginning of the year, the deficit on goods trading has further increased by more than 20%. "We are not in a trade war with China, this war was lost many years ago by stupid or incompetent people, people representing the United States," said Mr. Trump.

Chinese, rhetoric is no less warlike. "Any attempt to put China on its knees by threat and intimidation is doomed to failure," a spokesman for Chinese Foreign Ministry Geng Shuang warned at a press briefing. The Chinese Foreign Minister, visiting Moscow on Thursday, called for international mobilization against Washington, while Trump opened several fronts in his quest for "a better deal."

"The International Community must oppose as a whole such unilateral actions and violations of the rules, defend as a whole the growth of the global economy and help those who think that everything is allowed them to find common sense, "said Wang Yi at of a press conference

(source: AFP)

Trump unveils Monday a $ 1,500 billion infrastructure plan

President Trump's Budget to be released Monday, will include $ 200 billion for roads, highways, bridges, and other critical infrastructure for the US economy, sources said close to the White House.

States and private investors will be asked to contribute to the remaining 1.300 billion.

In his State of the Union address at the end of January, Mr. Trump asked the Congress to support an investment plan of at least $ 1.5 trillion to develop infrastructure in the United States without giving details on how to achieve it.

Built for the most part between the 1950s and 1970s, Highways, roads, bridges, railways, airports and other infrastructure are in very bad condition, "in decay" according to the US President, because they have not been maintained and modernized over time. [19659002] The White House is to announce Monday the simplification of building permit procedures to reduce them to two years while they can take up to ten today.

"Infrastructure is obviously an essential component of the functioning of our economy, the American success is largely the result of quality infrastructure that we had historically, "said a White House official.

" We are underinvesting in our infrastructure and we have procedures that take so long that even when we have the necessary funds, it can take a decade to build an essential infrastructure. "

The sources of funding in question

The Congress must now discuss the proposal. In this perspective, Mr. Trump must welcome the parliamentarians of both parties on Wednesday.

It should be widely questioned what the administration could actually finance and how.

Experts wonder about the sources of funding of 200 billion in the federal budget while the public deficit is already likely to be widened by the drop in taxes endorsed late 2017.

The Trump administration said the funding of 200 billion come from "cuts in other programs "

In the meantime, experts agree that the aging of infrastructure is costing the US economy.

Congestion, which weighs in particular on the road transport sector, costs more than 120 billions of dollars, according to Henry Petroski of Duke University.

(with AFP)

General Motors will Loss $ 7 Billion due to US Tax Reform

General Motors (GM) announced Tuesday it will lose $ 7 billion due to American tax reforms but expects this year's earnings to be comparable to solid results in 2017.

GM says the losses were due to calculations deferred tax assets and will be acquired in the fourth quarter, similar to other large companies announcing similar action after the American tax reform.

But the carmaker said the 2018 results would "generally be aligned" with last year's revenue, driven sales which is strong in North America and China.

American auto sales overall declined in 2017 for the first time since the financial crisis, although sales remained solid amid an improving job market and higher consumer confidence.

GM highlights year 2018 which is preoccupied with the planned launch of SUVs and pickup trucks, the backbone of the manufacturer's sales in America and the sumbe (19659002) The company also forecast "strong" sales in China and "sales improvement" in South America.

While the positive economic trend is still in place for 2018 and other signs of growth are getting stronger, analysts assess the prospect of higher interest rates by the Federal Reserve as a risk to future American car sales. [ka/al]

Toyota and Mazda to Build $ 1.6 Billion Factory in Alabama

Japanese car maker Toyota and Mazda are expected to announce Wednesday they have chosen Alabama as a $ 1.6 billion joint venture plant site that is expected to employ around 4,000 people, said the person briefed on the decision

The companies are planning an afternoon announcement and Alabama Governor Kay Ivey has scheduled a press conference at the same time to announce what his office calls essential economic development.

The plant will be built in the Huntsville area not far from the border with the state of Tennessee, said the man, who did not want to be named because the location has not been officially announced.

Alabama and North Carolina are finalists for the big factory, which is expected to start operating in 2021. The plant will capable of making 300,000 vehicles per year and will produce mo small bilateral Toyota Corolla for North America and new small Mazda Mazda, the company said.

Toyota and Mazda form a capital alliance and bear the equivalent cost. The Huntsville area already has a Toyota engine plant that employs nearly 1,500 people. The decision to choose Alabama is another example where foreign carmakers build factories in the southern region of America. [as/ii]