China's premier urges US to 'act rationally' over trade

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China's premier urges US to 'act rationally' over trade

2018-03-21 09:56 Last Updated At：17:33

Chinese Premier Li Keqiang appealed to Washington on Tuesday to "act rationally" and avoid disrupting trade over steel, technology and other disputes, promising that Beijing will "open even wider" to imports and investment.

"No one will emerge a winner from a trade war," said Li, the No. 2 Chinese leader, at a news conference held during the meeting of China's ceremonial legislature.

Li made no mention of a possible Chinese response in the event U.S. President Donald Trump raises import barriers over trade complaints against Beijing, but other officials say President Xi Jinping's government is ready to act.

Trump's government has raised import duties on Chinese-made washing machines and other goods and is investigating whether Beijing pressures foreign companies to hand over technology, which might lead to trade penalties. That could invite Chinese retaliation.

"What we hope is for us to act rationally rather than being led by emotions," the premier said. "We don't want to see a trade war."

Commerce Minister Zhong Shan said March 11 that China will "resolutely defend" its interests but gave no details. Business groups have suggested Beijing might target U.S. exports of jetliners, soybeans and other goods for which China is a major market.

Asked whether Beijing might use its large holdings of U.S. government debt as leverage, the premier said its investments are based on market principles and "China will remain a responsible long-term investor."

Li promised more market-opening and other reforms as Xi's government tries to make its cooling, state-dominated economy more productive. He said Beijing will make it easier to start a business and will open more industries to foreign and private competition.

The ruling Communist Party promised in 2013 to give a bigger role to market forces and entrepreneurs who generate most of China's new jobs and wealth. Reform advocates complain they are moving too slowly.

Private sector analysts say Xi, who took power in 2012, might accelerate reform after focusing for his first five-year term as party leader on cementing his status as China's most dominant figure since at least the 1980s.

"If there is one thing that will be different from the past, that will be that China will open even wider," said Li.

Beijing plans to "further bring down overall tariffs," with "zero tariffs for drugs, especially much-needed anti-cancer drugs," the premier said.

Li repeated a promise he made at the March 5 opening of the legislature to "fully open the manufacturing sector" to foreign competitors.

"There will be no mandatory requirement for technology transfers and intellectual property rights will be better protected," he said.

The government has yet to say how that might change conditions for automakers and other manufacturers that are required to work through Chinese partners, which requires them to share technology with potential competitors.

In a sign of Li's reduced status as President Xi Jinping amasses power, the premier was flanked by eight newly promoted economic officials, in contrast to previous years when he appeared alone at the annual news conference.

They included Liu He, a Harvard-trained Xi adviser who was named a vice premier Monday and has told foreign businesspeople he will oversee economic reform. Neither Liu nor any of the other officials spoke at the event.

The premier traditionally is China's top economic official but Xi has stripped Li of his most prominent duties by appointing himself to lead ruling party bodies that oversee economic reform and finance policy.

'Make sure it doesn't get released;' Star witness Michael Cohen implicates Trump in hush money case

2024-05-14 02:19 Last Updated At：02:30

NEW YORK (AP) — Donald Trump's fixer-turned-foe, Michael Cohen, directly implicated the former president in a hush money scheme Monday, telling jurors that his celebrity client approved hefty payouts to stifle stories about sex that he feared could be harmful to his 2016 White House campaign.

“You handle it,” Cohen quoted Trump as telling him after learning that a doorman had come forward with a claim that Trump had fathered a child out-of-wedlock. The Trump Tower doorman was paid $30,000 to keep the story “off the market” even though the claim was ultimately deemed unfounded.

A similar episode occurred after Cohen alerted Trump that a Playboy model was alleging that she and Trump had an extramarital affair. Again, the order was clear: “Make sure it doesn't get released,” Cohen said Trump told him. The woman, Karen McDougal, was paid $150,000 in a hush money arrangement that was made after Trump was given a “complete and total update on everything that transpired.”

“What I was doing was at the direction of and benefit of Mr. Trump,” Cohen testified.

Cohen, Trump’s former lawyer and personal fixer, is by far the Manhattan district attorney’s most important witness in the case, and his much-awaited appearance on the stand signaled that the first criminal trial of a former American president is entering its final stretch.

The testimony of a witness with such intimate knowledge of Trump’s activities could heighten the legal exposure of the presumptive Republican presidential nominee if jurors deem him sufficiently credible. But prosecutors’ reliance on a witness with such a checkered past — Cohen pleaded guilty to federal charges related to the payments — also carries sizable risks with a jury. In addition, it could be a boon to Trump politically as he raises money off his legal woes and paints the case as the product of a tainted criminal justice system.

Though jurors have heard from others about the tabloid industry practice of “catch-and-kill,” in which rights to a story are purchased so that it can then be quashed, Cohen's testimony is crucial to prosecutors because of his proximity to Trump and because he says he was in direct communication with the then-candidate about embarrassing stories he was scrambling to prevent from surfacing.

Besides payments to the doorman and to McDougal, another sum went to porn actor Stormy Daniels, who told jurors last week that the $130,000 she received was meant to prevent her from going public about a sexual encounter she says she had with Trump in a hotel suite a decade earlier.

Cohen also matters because the reimbursements he received from that payment form the basis of the charges against Trump — 34 felony counts of falsifying business records. Prosecutors say the reimbursements were logged, falsely, as legal expenses to conceal the payments’ true purpose.

Cohen gave jurors an insider account of his negotiations with David Pecker, the then-publisher of the National Enquirer, and the newspaper's top editor about suppressing stories harmful to Trump, an effort that took on added urgency following the October 2016 disclosure of an “Access Hollywood” recording in which Trump was heard boasting about grabbing women sexually.

The Daniels payment was finalized several weeks after that revelation, but much of Monday's testimony centered on the deal earlier that fall with McDougal.

Pecker earlier testified that he had pledged to be the “eyes and ears” of the Trump campaign and was such a loyalist that he told Cohen that his publication maintained a “file drawer or a locked drawer as he described it, where files related to Mr. Trump were located,” according to testimony Monday.

Cohen testified that he went to Trump immediately after the National Enquirer alerted him to a story about the alleged McDougal affair. “Make sure it doesn’t get released," he says Trump told him.

Trump checked in with Pecker about the matter, asking him how “things were going” with it, Cohen said. Pecker responded: "'We have this under control, and we’ll take care of this,’” Cohen testified.

Cohen also said he was with Trump as Trump spoke to Pecker on a speakerphone in his Trump Tower office.

“David stated it would cost $150,000 to control the story,” Cohen said. He quoted Trump as saying: “No problem, I’ll take care of it," meaning that the payments be reimbursed.

To lay the foundation that the deals were done with Trump's endorsement, prosecutors elicited testimony from Cohen — who spent a decade as a Trump Organization senior executive — designed to show Trump as a hands-on manager on whose behalf Cohen said he sometimes lied and bullied others, including reporters.

“When he would task you with something, he would then say, ‘Keep me informed. Let me know what’s going on,’” Cohen testified. He said that was especially true “if there was a matter that was troubling to him.”

“If he learned of it in another manner, that wouldn’t go over well for you,” Cohen testified.

Defense lawyers have teed up a bruising cross-examination of Cohen, telling jurors during opening statements that he's an “admitted liar” with an “obsession to get President Trump.”

Prosecutors are expected to try to blunt those attacks by eliciting detailed testimony from Cohen about his past crimes. They have also called other witnesses whose accounts, they hope, will buttress Cohen's testimony. Those witnesses included a lawyer who negotiated the hush money payments on behalf of Daniels and McDougal, as well as Pecker and Daniels.

Trump sat silently with his eyes closed as Cohen’s testimony covered the payoff to the doorman and other aspects of the hush money machinations. He did not appear to make eye contact with Cohen as the lawyer took the stand.

Cohen's role as star prosecution witness further cements the disintegration of a mutually beneficial relationship that was once so close that the attorney famously said he would “take a bullet for Trump.” After Cohen's home and office were raided by the FBI in 2018, Trump showered him with affection on social media, praising him as a “fine person with a wonderful family” and predicting — incorrectly — that Cohen would not "flip."

Months later, Cohen did exactly that, pleading guilty that August to federal campaign-finance charges in which he implicated Trump. By that point, the relationship was irrevocably broken, with Trump posting on the social media platform then known as Twitter: “If anyone is looking for a good lawyer, I would strongly suggest that you don’t retain the services of Michael Cohen!”

Cohen later admitted lying to Congress about a Moscow real estate project that he had pursued on Trump's behalf during the heat of the 2016 Republican campaign. He said he lied to be consistent with Trump's “political messaging.”

Defense lawyers are expected to exploit all the challenges that accompany a witness like Cohen. Besides portraying him as untrustworthy, they're also expected to cast him as vindictive, vengeful and agenda-driven.

Since their fallout, Cohen has emerged as a relentless and sometimes crude critic of Trump, appearing as recently as last week in a live TikTok wearing a shirt featuring a figure resembling Trump with his hands cuffed, behind bars. The judge on Friday urged prosecutors to tell him to refrain from making any more statements about the case or Trump.