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Keyword: freetrade

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  • Exclusive: Trump says 'major, major' conflict with North Korea possible, but seeks diplomacy

    04/27/2017 6:46:28 PM PDT · by Mariner · 62 replies
    Reuters ^ | April 27th, 2017 | By Stephen J. Adler, Steve Holland and Jeff Mason
    U.S. President Donald Trump said on Thursday a major conflict with North Korea is possible in the standoff over its nuclear and missile programs, but he would prefer a diplomatic outcome to the dispute. "There is a chance that we could end up having a major, major conflict with North Korea. Absolutely," Trump told Reuters in an Oval Office interview ahead of his 100th day in office on Saturday. Nonetheless, Trump said he wanted to peacefully resolve a crisis that has bedeviled multiple U.S. presidents, a path that he and his administration are emphasizing by preparing a variety of new...
  • Trump To Sign ‘Buy American, Hire American’ Executive Orders (H1B Visas Finally Targeted)

    04/18/2017 7:23:18 AM PDT · by Enlightened1 · 50 replies
    President Donald Trump will sign an executive order in Wisconsin on Tuesday directing a government-wide review aimed at putting new teeth back into decades-old “Buy American” and “Hire American” directives. The 220-day review process, which could lead to additional executive orders and possibly legislation, will focus on preventing foreign workers with H-1B visas from, as one senior administration official put it, “undercutting American labor at less cost,” which the official labeled as “an abuse” of the current system. “This is a clear statement from the president of the United States to shore up some of these abuses,” the official continued....
  • EU imposes anti-dumping duties on Chinese steel

    04/06/2017 8:10:05 AM PDT · by Olog-hai · 6 replies
    Associated Press ^ | Apr 6, 2017 8:15 AM EDT
    The European Commission has imposed anti-dumping duties on steel products from China to stop them flooding Europe’s struggling steel market. […] The Chinese exports will now be taxed with duties ranging from 18.1 percent to 35.9 percent. …
  • One in ten German firms to cut UK investments before Brexit: survey

    03/28/2017 9:40:37 AM PDT · by Olog-hai · 11 replies
    TheLocal.de ^ | 28 March 2017 14:30 CEST+02:00 | AFP
    One in ten German firms present in Britain plans to stop investing in the island nation even before it definitively leaves the European Union, an industry group survey published on Tuesday found. German firms believe Brexit “will seriously damage business with the United Kingdom,” said Eric Schweitzer, president of the Association of German Chambers of Commerce and Industry (DIHK), which surveyed 2,200 internationally active companies. Some nine percent of firms who have invested in the UK plan to shift investments elsewhere, with Germany and the rest of the EU the top choices. Britain is the third-biggest export market for Germany...
  • Bay Area Tech Executives Indicted for H-1B Visa Fraud

    03/27/2017 10:26:51 AM PDT · by nickcarraway · 36 replies
    San Jose Mercury News ^ | March 27, 2017 | Louis Hansen
    Two Bay Area tech executives are accused of filing false visa documents through a staffing agency in a scheme to illegally bring a pool of foreign tech workers into the United States. An indictment from a federal grand jury unsealed on Friday accuses Jayavel Murugan, Dynasoft Synergy’s chief executive officer, and a 40-year-old Santa Clara man, Syed Nawaz, of fraudulently submitting H-1B applications in an effort to illegally obtain visas, according to Brian Stretch, U.S. attorney for the Northern District of California. The men are charged with 26 counts of visa fraud, conspiracy to commit visa fraud, use of false...
  • Germany and China to 'fight together' for free trade, says Merkel

    03/16/2017 3:33:54 PM PDT · by Olog-hai · 11 replies
    TheLocal.de ^ | 16 March 2017 16:59 CET+01:00 | AFP
    Chancellor Angela Merkel and Chinese President Xi Jinping Thursday stressed their commitment to free trade ahead of a G20 finance ministers’ meeting set to be dominated by debate on protectionism. The two leaders spoke by telephone and said in a statement issued in Berlin that they would “together fight for free trade and open markets”. Finance ministers from the world’s top economies are gathering in Germany from Friday as fears grow that US President Donald Trump could upend the global economic order with his “America First” policy challenging open markets. Meanwhile, Merkel is set to hold her first meeting with...
  • Commerce Sec. Wilbur Ross Hints At Brilliant NAFTA Negotiation Strategy – “Make Mexico Great Again"

    03/04/2017 7:34:32 AM PST · by onyx · 25 replies
    Oh, this guy is too good at this stuff. Lots of love for Wilbur the Wolverine.Commerce Secretary Wilbur Ross hints at a strategy for NAFTA renegotiation with Mexico that completely annihilates any leftist opposition, and simultaneously drops the greatest humanitarian narrative right in the lap of the globalists. Make Mexico raise their minimum wage.Currently the minimum wage in Mexico is 80 pesos per day. Around $4 per day, and the length of the workday is up to the hiring company. The minimum wage in the U.S. for an eight hour day is $58 ($7.90/hr x 8). Additionally, almost no-one...
  • Sikorski: Let's give Trump time to be 'educated' [Polish EU politician]

    03/02/2017 9:43:01 AM PST · by Olog-hai · 16 replies
    EU Observer ^ | 03/02/2017, 11:18 | Eric Maurice
    The election of Donald Trump has added to the “deep trouble” that Europe is in, but the new US president might change when he learns how the world works, according to former Polish foreign minister Radoslaw Sikorski. Europe’s challenge “is not just the American election,” Sikorski told EUobserver. “It’s also the continued assertiveness of Russia that is a revisionist power that has changed borders by force; it’s the failure and defeat in Syria, and also in the eastern neighborhood; and Brexit; and the continuing reverberations of the euro crisis and the creaking of the Schengen zone,” he added. “We’re in...
  • Trump's push for American-made could disrupt NAFTA supply chains, hike consumer prices

    02/28/2017 9:41:52 AM PST · by EveningStar · 47 replies
    Los Angeles Times ^ | February 28, 2017 | Don Lee
    Shopping for a new set of wheels at a Chevy dealership recently, Patrick Spradlin had a few priorities: a good commuter car, room for his family of five, low maintenance costs and no more than $20,000. About the last thing on his mind was where such a vehicle and each of its components — whether engine, car seats or spark plugs — were made. “That’s not a make-or-break issue,” said the 38-year-old systems engineer from Whaleyville, Md. But such details about the origin of car parts and hundreds of other products may soon take on greater importance under the Trump...
  • China overtakes US as Germany’s main trade partner

    02/24/2017 9:13:18 AM PST · by Olog-hai · 15 replies
    TheLocal.de ^ | 24 February 2017 11:38 CET+01:00 | DPA/The Local
    Last year, China became Germany’s most important trading partner, knocking the US off the top spot. Goods with a value of €170 billion were traded between Germany and China in 2016, according to data from the Federal Statistics Office (destatis) released on Friday. France was the second most important trade partner. Total trade with the Gallic nation was valued at €167 billion, while the US was relegated to third place, with total transatlantic trade accounting for €165 billion. Nevertheless, the US remained the most important export destination for German goods, with €107 billion “Made in Germany” products making the journey....
  • America First – Production and Manufacturing…

    02/23/2017 1:36:18 PM PST · by HarleyLady27 · 38 replies
    The Conservative Treehouse ^ | Feb. 23, 2017 | Sundance
    REMINDER – One of the larger hurdles President Trump faces is a need to re-educate an entire generation on a fundamentally new vision of the U.S. economy. A return to a Pro-Main Street, goods-based, manufacturing, technology, innovation and industry driven economic model. Interestingly, many people have referenced a 1991 (25 years old) video of Donald Trump testifying before congress – as evidence of him being tuned in to political consequences of economic activity. The entire video is well worth watching because it gives you insight into a very specific moment in time as they discuss the ‘Reagan era’ 1986 tax...
  • Why All Protectionists Are Essentially Luddites

    02/07/2017 4:56:55 AM PST · by Tolerance Sucks Rocks · 169 replies
    Foundation for Economic Education ^ | January 24, 2017 | Donald J. Boudreaux
    It’s well-known among people who bother to learn the facts that U.S. manufacturing output continues to rise despite the reality that the number of Americans employed in jobs classified as being in the manufacturing sector peaked in June 1977 and has fallen, with very few interruptions, ever since.Nevertheless, some people – for example, the Economic Policy Institute’s Robert Scott – continue to insist that the loss of manufacturing jobs in the U.S. is largely due to increased American trade with non-Americans. Other studies find empirical evidence that labor-saving innovation rather than trade is overwhelmingly responsible for the loss of manufacturing...
  • "Death By China" Film Exposes Suicidal U.S. Policy

    02/02/2017 8:18:20 AM PST · by VitacoreVision · 5 replies
    The New American ^ | 02 February 2017 | Alex Newman
    America is facing an existential threat that has potentially catastrophic military, economic, political, and national security implications. That threat is the U.S. “trade relationship” with the regime ruling Communist China, a suicidal pact engineered by globalist schemers in Washington, D.C., and New York and by power-hungry Chinese Communist schemers in Beijing. According to the film Death By China: How America Lost Its Manufacturing Base, directed by economist Peter Navarro, it is one of the “most urgent problems facing America.” And even that may be understating it. Without action, it could literally be the death of America as it has been...
  • President Trump's First Weekly Address

    01/28/2017 11:20:07 AM PST · by Jim 0216 · 94 replies
    Facebook ^ | 1/28/17 | Donald Trump
    Speech in video at link. https://www.facebook.com/POTUS/videos/vb.1220332944702810/1236581346411303/?type=2&theater&notif_t=live_video_share&notif_id=1485540856306885
  • There's no such thing as free lunch.

    01/28/2017 12:57:41 PM PST · by Jim Robinson · 23 replies
    January 28, 2017 | Jim Robinson
    Every conservative and every American worth his salt knows that there is no such thing as free lunch. And that big government does not make us more free. Too bad they get all balled up when they talk about globalism (big government on steroids) and free trade (government control of trade on steroids).
  • NAFTA: The Misnamed Treaty (1992)

    01/27/2017 10:30:13 AM PST · by VitacoreVision · 22 replies
    The New American ^ | 28 December 1992 | Thomas R. Eddlem
    Describing the start of negotiations leading to the North American Free Trade Agreement (NAFTA), M. Delal Baer of the Center for Strategic and International Studies wrote, "A new continentalism took hold on February 5, 1991." His comments appeared in the Fall 1991 issue of Foreign Affairs, the flagship publication of the global-minded Council on Foreign Relations. With great enthusiasm, Baer, who himself is a member of the CFR, continued, "NAFTA, if and when completed, will reshape corporate strategies, redraw the mental map of citizens in each country and gradually create a North American economic identity based upon global competition."NAFTA follows...
  • Ex-Mexican President Vicente Fox mocks Trump: He's a 'child'

    01/27/2017 5:53:00 AM PST · by DCBryan1 · 50 replies
    CNBC ^ | 0729 CST 27 JAN 17 | Matthew J. Belvedere | @Matt_Belvedere
    Vicente Fox Trump acting like 'a child, a CEO': Vicente Fox 1 Hour Ago | 01:35 Former Mexican President Vicente Fox blasted President Donald Trump on Friday, calling him a "child" and mockingly referring to him as a corporate "CEO" rather than president of the world's most powerful country. In an interview on CNBC's "Squawk Box," the outspoken Fox said Mexico won't pay for the wall Trump wants to build along the border, "not now, not ever." Fox also said he doesn't believe Trump is an American "in his soul and his beliefs." He added he does not understand the...
  • Restricting Trade Is Calamitous Policy

    01/25/2017 8:52:08 PM PST · by TBP · 176 replies
    The Foundation for Economic Education (FEE) ^ | Wednesday, January 25, 2017 | Cathy Reisenwitz
    In he Oval Office on Monday, President Trump signed an executive order formally ending the United States’ participation in the Trans-Pacific Partnership. The move was mostly symbolic, TPP was dead in Congress anyway. But signing this EO on his first full weekday in office signals that Trump is serious about two issues that are, sadly, tied to together: pulling out of trade agreements and replacing them with new barriers to international trade. Trump described withdrawing from the trade pact a “great thing for the American worker.” That’s likely as true as his press secretary’s inauguration attendance numbers. International trade has...
  • In Blow to Globalism, Trump Withdraws From TPP "Trade" Regime

    01/25/2017 5:51:53 AM PST · by VitacoreVision · 5 replies
    The New American ^ | 23 January 2017 | Alex Newman
    In a major victory for American national sovereignty and self-government, President Donald Trump on Monday fulfilled his campaign pledge to withdraw the U.S. government from the "free trade" regime known as the Trans-Pacific Partnershi p (TPP). Despite strong support from Obama, most congressional Republicans, and the establishment wing of both parties, the secretly negotiated "trade" scheme was unconstitutional, dangerous, and extraordinarily unpopular across the political spectrum. But with a simple executive action by the new president, the globalis t establishment's cherished dream for what lawmakers described as a "Pacific Union"-style super-government we nt up in smoke. Globalists were furious, while...
  • Wall Street Journal (behind paywall): China’s Global Semiconductor Raid

    01/16/2017 9:22:51 PM PST · by RightGeek · 36 replies
    Semiconductors are essential to everything from home appliances to cars, satellites and fighter aircraft. The U.S. has led the industry since its start in the 1950s, with firms like Intel, Qualcomm and Apple today accounting for nearly 50% of global sales, worth about $165 billion a year, and employing some 359,000 Americans. Semiconductors are the fourth-most valuable U.S. export behind airplanes, petroleum products and cars. China hopes to change this through state subsidies and predatory trade practices. The White House report, drafted by industry and policy experts, warns that “Chinese policies are distorting markets in ways that undermine innovation, subtract...