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Kyrie Irving knee injury latest blow, makes Luka Doncic trade look even worse
The optics of trading Luka Doncic to the Los Angeles Lakers look bad enough.
The reality is even worse in early March as the NBA playoffs approach.
As the Lakers rise in the Western Conference standings (tied for second) and their legitimate ability to win the conference comes into focus, the Mavericks’ fall in the standings is being compounded by injury after injury.
Kyrie Irving is out for the remainder of the season with a torn ACL in his left knee, an injury sustained in Dallas’ 122-98 loss to Sacramento on Monday.
Anthony Davis is out - has been since the third quarter of his very first game in a Dallas uniform. So are Daniel Gafford, P.J. Washington, Dereck Lively II and Caleb Martin. Irving was the one player providing elite performances and keeping the Mavs in the postseason race.
#NBA #Lakers
#Sports
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China vows to ‘fight till the end’ as Trump escalates trade war
China has vowed to “fight till the end” after US President Donald Trump escalated his trade war by doubling tariffs on all Chinese imports to 20%.
Beijing hit back at Trump’s levies by imposing retaliatory tariffs of up to 15% on selected American goods, expanding export controls to a dozen US firms and filing a lawsuit at the World Trade Organization. It also sent a stern warning to the Trump administration: Chinese people will never bow to “hegemony or bullying.”
“Pressure, coercion and threats are not the right ways to engage with China. Trying to exert maximum pressure on China is a miscalculation and a mistake,” Lin Jian, a spokesperson for China’s Foreign Ministry, told a regular news briefing Tuesday afternoon. “If the US insists on waging a tariff war, trade war, or any other kind of war, China will fight till the end.”
The barrage of retaliatory measures and fiery exchanges came as Chinese leader Xi Jinping is preparing to hold a major political gathering designed to project confidence in his country’s ability to stay the course and weather external headwinds.
As thousands of delegates convene in the Chinese capital for the country’s “two sessions” annual meeting, Xi and his officials are set to use the highly choreographed spectacle to broadcast China as a major power steadily advancing its tech prowess and global rise.
That escalating rivalry between the two powers will be in the spotlight on Wednesday morning in Beijing, when Trump’s first address to Congress will roughly coincide with a state-of-the-union-like speech delivered by China’s No. 2 official Li Qiang at the opening meeting of the National’s People Congress (NPC), which rubber-stamps decisions already made behind closed doors.
There, Li is expected to announce China’s yearly targets for economic growth and military spending — and lay out how Beijing plans to continue its economic growth and transformation into a technological powerhouse in the face of mounting pressure from the United States.
Despite the challenges, analysts aren’t bracing for any major policy surprises or U-turns from the roughly weeklong meetings of both the NPC and the country’s top advisory body. True decision-making power lies with the Chinese Communist Party, whose authority cannot be challenged in the country – and Xi, the party’s most powerful leader in decades.
The increased tariffs — and the threat of more economic and tech controls to come — are casting a long shadow over China’s two sessions, which observers will also be watching for signs on how Beijing will continue to address its rumbling economic difficulties at home.
And signs point to Beijing staying the course on its leader’s strategies to bolster innovation, industry and self-sufficiency to steel itself against frictions ahead: all while projecting that, in China, it’s business as usual.
We must “face difficulties head-on and strengthen confidence” amid growing external challenges, the Communist Party journal Qiushi quoted Xi as saying in an article released Friday that’s meant to set the tone for the gathering.
#CNN
#China #Asia #US #Trump
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Canada is caught in a ‘double trade war’ — and one premier is urging Ottawa to drop its fight against China
OTTAWA — On top of threatened U.S. tariffs, China has brought down another hammer on many Canadian farm and seafood exports, hitting them with a “double trade war” that industry leaders say will slam Canadian producers.
In response, B.C. Premier David Eby called on Ottawa to drop its tariff fight against China, saying Canada got nothing out of trying to align trade policy with the United States last fall ahead of President Donald Trump’s election.
Eby, who stepped up measures against the United States along with Ontario Premier Doug Ford on Monday, said the government of Canada should offer a concession in the trade dispute it has with China.
#TheStar #News
#Canda
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Stocks fall as Trump warns of US economy trade war 'transition'
A sell-off in the US stock market gathered steam on Monday, fuelled by rising concern about the cost of the trade war to the world's largest economy.
The S&P 500, which tracks the biggest American companies, fell about 2% in early trade, while the Dow Jones dropped 0.9% and the Nasdaq sank more than 3.5%.
The falls came after President Donald Trump ducked questions about whether the US economy was facing a recession or price rises as a result of tariff moves, while warning instead of a "period of transition".
Commerce Secretary Howard Lutnick, however, insisted there would be no contraction in the US, although he acknowledged that the price of some goods may rise.
Investors fear that tariffs - which are taxes on goods applied as they enter the country - will lead to higher prices and ultimately dent growth in the world's largest economy.
"The level of tariffs that Trump is imposing, I think no doubt, will have to cause inflation somewhere down the line," Rachel Winter, investment manager at Killik & Co, told the Today programme.
Economist Mohamed El-Erian said investors had been optimistic about Trump's plans for de-regulation and lower taxes, while under-estimating the likelihood of a trade war.
He said the recent falls in the stock market, which started last week, reflect the adjustment of those bets.
"It's a complete change in what the market expected," he added, noting that investors are also responding to signs that businesses and households are starting to hold off on spending amid the uncertainty, which could hurt economic growth.
European stocks closed lower on Monday, with France's CAC and the London FTSE indices both closing around 0.9% lower. Germany's DAX closed 1.75% lower.
Susannah Streeter, head of money and markets at the stockbrokers Hargreaves Lansdown, said it was because of "unease around the impact of Trump tariffs". She added that concerns over the US economy entering a recession is worrying investors.
Tesla shares fell about 8% on Monday, while tech stocks Nvidia and Meta were both down more than 4%.
Speaking to Fox News in an interview broadcast on Sunday but recorded on Thursday, Trump appeared to acknowledge the concerns, responding to a question about whether the US was facing recession: "I hate to predict things like that. There is a period of transition because what we're doing is very big. We're bringing wealth back to America. That's a big thing."
"It takes a little time, but I think it should be great for us," he added.
#BBC #News #Trump #USA
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