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Keyword: protectionism

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  • If The White House Isn't Careful, These Two Big Things Will Kill The Improving Economy

    02/05/2018 9:44:53 AM PST · by SeekAndFind · 22 replies
    Forbes ^ | 02/05/2018 | Steve Forbes
    TWO BIG THINGS threaten the improving U.S. economy: a weak dollar and trade protectionism. Both routinely seduce policymakers, and both always result in bitter aftermaths with terrible political consequences. Yet some in the Trump administration are playing with both--and with fire. 1) The dollar. Great nations do not have weak currencies. Nonetheless, with a surety born of ignorance, Treasury secretary Steven Mnuchin has bluntly stated his desire for a weak dollar. Thankfully, President Trump immediately contradicted him. But the fact that Mnuchin and his department want to undermine the value of our currency is troubling. Mnuchin has bought into the...
  • German-US relations after a year of Trump: what has changed?

    01/12/2018 4:39:22 PM PST · by Olog-hai · 12 replies
    TheLocal.de ^ | 11 January 2018 15:24 CET+01:00 | Jörg Luyken
    When Donald Trump was sworn in as the 45th President of the US last January, politicians in Berlin worried that it could have a dramatic impact on relations between the two allies. A year on, there are reasons for optimism, as well as continued concern. […] Top of the list of German concerns about a Trump administration were his insinuations that the US would no longer automatically come to the defense of Europe in the event of an attack on a NATO member. And the fact that he repeatedly barracked Germany for its trade surplus with the US in his...
  • Wolfgang Schäuble warns against protectionism in US [Germany’s finance minister]

    10/15/2017 7:53:30 PM PDT · by Olog-hai · 22 replies
    Deutsche Welle ^ | 10.15.2017 | ap/cmk (Reuters, AFP)
    Wolfgang Schäuble, who is due to become the next president of Germany’s lower house of parliament, on Saturday made his last appearance at the annual conference of the International Monetary Fund as Germany’s finance minister. During his speech, Schäuble reiterated his warnings against protectionist economic policies and appealed for closer trade cooperation among countries. “We should all be worried about the weak growth of global trade and the increasing anti-free trade rhetoric,” he said. “We need more openness rather than less.” […] Schäuble, the chairman of the G20 finance group this year, said he believed the backlash against globalization was...
  • John McCain, Mike Lee introduce bill to permanently exempt Puerto Rico from Jones Act

    09/28/2017 3:40:18 PM PDT · by EveningStar · 39 replies
    Washington Examiner ^ | September 28, 2017 | Josh Siegel
    Republican Sens. John McCain and Mike Lee introduced legislation Thursday to permanently exempt Puerto Rico from the Jones Act shipping law. The senators say the Trump administration's decision Thursday to grant a 10-day waiver of the Jones Act for Puerto Rico does not go far enough to help rebuilding efforts after Hurricane Maria and encourage long-term economic growth on the bankrupt island. "While I welcome the Trump administration's Jones Act waiver for Puerto Rico, this short-term, 10-day exemption is insufficient to help the people of Puerto Rico recover and rebuild from Hurricane Maria," said McCain, R-Ariz. "Our legislation would permanently...
  • Xi says BRICS nations should stand up against protectionism

    09/03/2017 10:01:20 AM PDT · by Olog-hai · 12 replies
    Associated Press ^ | Sep 3, 2017 6:05 AM EDT | Louise Watt
    Chinese President Xi Jinping on Sunday called for the world to reject protectionism even as American and European pressure mounts on Beijing to lower market barriers, speaking at the start of a Chinese-led summit of five large emerging economies now overshadowed by North Korea’s sixth nuclear test. […] Xi was speaking to business representatives of the BRICS nations — Brazil, Russia, India, China and South Africa — a day before he opens a summit with the leaders of these major emerging markets in the southeastern Chinese city of Xiamen. This will be the ninth summit of the BRICS grouping, which...
  • Mexican court forbids imports of US potatoes

    08/04/2017 8:53:58 PM PDT · by boycott · 33 replies
    FoxBusiness.com ^ | August 04, 2017
    A Mexican federal court has made an unusual ruling that bans the import of U.S. potatoes on the grounds the imports violate Mexicans’ right to food sovereignty and a healthy environment. A group of Mexican potato growers had sought a constitutional injunction on the imports, claiming they threaten to spread agricultural diseases. The court said Mexican agricultural authorities had failed to use methods like radiation treatment of imports to prevent diseases. But because federal injunctions are intended only to protect constitutional rights, the ruling had to break some new ground. The court ruled the ban must be implemented to preserve...
  • Trump's protectionist views

    08/04/2017 5:55:06 PM PDT · by TakebackGOP · 23 replies
    How much of the economy has been affected by Trump's protectionist policies? People on both sides predicted he'd create a recession with his policies. I know he killed TPP and had a tariff on lumber from Canada, but has he taxed companies and put tariffs on other goods? Are the jobs the result of just getting rid of many regulations?
  • US Bill On Anti-Russian Sanctions Contravenes International Law (Sanctions Backfire Alert)

    07/30/2017 7:21:34 PM PDT · by goldstategop · 13 replies
    TASS ^ | 07/31/2017 | TASS
    The new US bill on anti-Russian sanctions will affect European countries cooperating with Russia in the energy sector, and, therefore, these restrictive measures can ultimately run counter to international law, German Minister for Economic Affairs and Energy, Brigitte Zypries, said in an interview with the newspapers, which are part of Germany’s Funke media group, published on Monday. "We believe this is a violation of international law," the minister said referring to the fact that the fresh sanctions may restrict companies’ activities in the EU. "America cannot fine German companies for doing business in another country," she said. "According to Zypries,...
  • Scotland to Britain: Protect Scotch whisky after Brexit

    07/30/2017 7:20:40 PM PDT · by Olog-hai · 28 replies
    Associated Press ^ | Jul 30, 2017 8:11 AM EDT
    Scotland has called for Scotch to be defined in U.K. law so its vital whisky industry can be protected after Brexit. Scottish Economy Secretary Keith Brown has written to officials asking for strong legal protections for the industry, which is worth around £4 billion ($5.3 billion) in exports. A European Union definition of whisky currently protects sales from substandard products — but EU laws will no longer apply to Britain after the country exits the bloc in 2019. …
  • German gvnt to toughen rules to protect German 'know-how' from foreign takeovers

    07/12/2017 7:55:17 AM PDT · by Olog-hai · 9 replies
    TheLocal.de ^ | 12 July 2017 10:50 CEST+02:00 | AFP/The Local
    Angela Merkel’s cabinet agreed on Wednesday to tighten scrutiny on takeovers of companies in strategic industries by buyers outside the EU, the Economy Ministry said, reacting to Europe-wide disquiet over Chinese takeovers. New regulations will allow Berlin more time to probe takeover bids, especially in sectors affecting critical infrastructure, and extend the range of deals eligible for examination by the authorities. “We remain one of the most open economies in the world, but we also have an eye on fair competition. We owe that to our companies,” Economy Minister Brigitte Zypries said in a statement. “In the future, reporting requirements...
  • Trade Deficits and the Quest for Culprits

    04/19/2017 12:02:22 PM PDT · by jfd1776 · 14 replies
    Illinois Review ^ | April 19, 2017 A.D. | John F Di Leo
    The Trump Administration has announced its formal inquisition into America’s trade deficit, with a particularly loaded day of testimony scheduled for May 18, in which the administration hopes to learn the various causes for America’s huge import volume. The administration conjures up an image of evil old foreign prime ministers and their assistants – grasping witches with candy-covered cottages in the forest, looking for sweet little American manufacturers – Hansel Inc. and Gretel LLC – tempting them with tasty morsels and sweet confections, luring them off the American path, moving them permanently into their distant foreign domains. While the single-minded...
  • 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. …
  • 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...
  • Why a bill about catfish will show whether Ryan's serious about regulatory reform

    07/24/2016 3:44:32 PM PDT · by Tolerance Sucks Rocks · 6 replies
    The Hill ^ | July 22, 2016 | Neil Siefring
    House Speaker Paul Ryan (R-Wis.) convened a needed Task Force on Reducing Regulatory Burdens as part of his legislative agenda, "A Better Way." The Speaker and his colleagues who worked on the task force have rightly identified the massive regulatory burden imposed by federal bureaucrats as an obstacle to economic growth and a distortion of our constitutional form of government. That is why it is baffling that Ryan has failed to bring regulatory reform legislation that recently passed the Senate to the floor of the House for a vote. The tale is one of catfish and courage. The catfish you...
  • How Trade Made America Great

    03/26/2016 12:17:19 PM PDT · by iowamark · 68 replies
    Wall Street Journal ^ | March 25 2016 | Fred W. Smith
    The FedEx founder and CEO reflects on how deregulation and opening markets have wrought astonishing changes and prosperity over 50 years. During our years at Yale, the world was a different place. Foreign travel was exotic, expensive and rare among the population as a whole. While some young Americans had been abroad, by far most Americans had not—and those who did go abroad most likely traveled by sea rather than air. In the early 1960s, flying over the oceans was mainly for the affluent. Long-distance telephone calls were expensive, international calls prohibitively so. From furniture to TVs and appliances, and...
  • When Did The GOP Become The Anti-Free Trade Party?

    03/24/2016 4:49:45 AM PDT · by IBD editorial writer · 105 replies
    Investor's Business Daily ^ | 03/23/2016 | Staff
    Protectionism: Officially, the Republican Party is pro-free trade. But it has done a remarkably bad job of explaining the benefits of trade to its rank and file, as exit polls of primary voters depressingly show.
  • Levin: Populism is Progressivism, Which is Statism (audio: 12:41)

    03/18/2016 3:17:40 PM PDT · by EveningStar · 178 replies
    Conservative Review ^ | March 17, 2016 | Mark Levin
    Levin: Populism is Progressivism, Which is Statism (audio: 12:41)
  • Could a George Washington run for President in today's' USA?

    03/01/2016 1:36:05 PM PST · by central_va · 57 replies
    free republic ^ | 3/1/16 | self
    George Washington's clone would have hard time in today's political climate, especially if he wanted to be president. The globalist controlled world would try to crush the father of our country in ways King George III could never have dreamed of.The man who warned of foreign entanglements would find a country enmeshed in foreign trade, wars and politics the likes of which would make old Georges wooden teeth fly out of his mouth. What happened to protectionism? Why is industry shutting down in the USA and off shored for labor arbitrage under the guise of government regulatory burdens? Regulations are...
  • Trump Threatens 35% Tax on Ford if Mexico Operations Expand

    12/26/2015 9:13:54 AM PST · by ScottWalkerForPresident2016 · 396 replies
    Mustang 360 ^ | 12/23/2015 | John Gilbert
    It was the Detroit News headline "Trump goes after Ford Motor Co." not how long Hillary went overtime in the restroom that got our attention. Donald Trump made a whistle stop outside Grand Rapids, Michigan to take aim at Ford’s plans to expand production in Mexico. Trump promised if elected he would threaten manufacturers with big tariffs on imports to discourage building manufacturing plants south of the border. Trump to Ford, "If you build that plant in Mexico, I’m going to charge you 35 percent on every car, truck part that you send into our country," he said. "Every single...
  • Rubio: Our National Security Depends on Sugar Subsidies

    08/31/2015 6:53:02 AM PDT · by Eric Pode of Croydon · 34 replies
    National Review Online ^ | 31 Aug 2015 | Windsor Mann
    You may not know this, but Brazilian sugar is a threat to U.S. national security. At least, that is the view of Senator Marco Rubio (R., Fla.). Asked this month about his support for sugar subsidies, Rubio said he would eliminate them if “the countries that export sugar into the U.S. get rid of theirs as well, and here’s why: Otherwise, Brazil will wipe out our agriculture and it’s not just sugar.” If we eliminate our sugar subsidies first, Rubio warned, “other countries will capture the market share, our agricultural capacity will be developed into real estate, you know, housing...