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Reports out of Hong Kong – university entrance engulfed in flames, petrol bombs thrown

Happening right now – violence in HK ramping up

This is now getting extremely ugly. Reports of:
  • petrol bombs thrown by protestors
  • police trying to enter university campus ( Polytechnic University)
Situation is fluid, of course.
Is it reasonable to expect mainland China to sit by at the rate the situation is deteriorating in HK?  I don’t think it is.

US President Trump says US farmers will receive another round of cash subsidies

The U.S. Department of Agriculture announced back on Friday that it’ll be making a scheduled subsidy payment to US farmers in the week ahead.

  • the payments will be the second part of a three part $16 billion aid package announced in May to compensate farmers for the U.S.-China trade war
Trump claiming credit:
  • “Our great Farmers will recieve (sic) another major round of ‘cash,’ compliments of China Tariffs, prior to Thanksgiving” 
  • “The smaller farms and farmers will be big beneficiaries. In the meantime, and as you may have noticed, China is starting to buy big again. Japan deal DONE. Enjoy!”
The U.S. Department of Agriculture announced back on Friday that it'll be making a scheduled subsidy payment to US farmers in the week ahead.

US and China negotiators had ‘constructive discussions’ on Saturday

Steve Mnuchin and Robert Lighthizer spoke with Liu He on Saturday

Steve Mnuchin and Robert Lighthizer spoke with Liu He on Saturday
Chinese officials held a phone call with US counterparts at the White House’s request on Saturday, according to a statement from the Chinese Commerce Ministry.
The sides held “constructive discussions” on each other’s core concerns and agreed to maintain close communication, the statement said.
On Thursday, White House economic adviser Larry Kudlow boosted markets when he said negotiations are in the final stages though “not done yet.”
There has been no word on whether the US has accepted China’s demand that tariffs be scaled back. Nor has China signaled it will put a dollar figure on agricultural purchases; along with a host of other issues.
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