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Keyword: sanctions

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  • Canada's Freeland pushes end of steel, aluminum tariffs in meeting with Pelosi

    02/16/2019 2:51:44 PM PST · by DeathBeforeDishonor1 · 14 replies
    Reuters ^ | 2/16/19 | Julie Gordon
    OTTAWA (Reuters) - Canadian Foreign Minister Chrystia Freeland said on Saturday she had made clear in a meeting with U.S. House of Representatives Speaker Nancy Pelosi at the Munich Security Conference the importance of the U.S. lifting tariffs on steel and aluminum imports from Canada. Freeland said that while Canada is now focused on its domestic ratification process for the U.S.-Mexico-Canada (USMCA) trade deal, it remains strongly opposed to the Section 232 tariffs on steel and aluminum. “The Canada position is now that we have concluded (USMCA) that is all the more reason why the tariffs must be lifted,” she...
  • The verdict is in: Trump's tariffs are working 'bigly'

    02/12/2019 6:30:29 PM PST · by E. Pluribus Unum · 25 replies
    The Hill ^ | 02/12/19 05:30 PM EST | MICHAEL STUMO, OPINION CONTRIBUTOR
    U.S. manufacturing is once again in the news. New data shows America’s factories adding 261,000 jobs from January 2018 to January 2019. In the State of the Union, President Trump emphasized the urgency of confronting predatory trade from countries like China. There’s no doubt that America’s manufacturers are currently rebounding. The tariffs that President Trump imposed a year ago on steel, aluminum, solar panels and washing machines have already created more than 11,000 new jobs. Even U.S. car companies are doing well at home. Ford’s North American operations posted a $2 billion profit in the fourth quarter, while GM’s North...
  • Someone Just Noticed The Middle-Class Revival Going On Under Trump

    02/12/2019 6:07:19 PM PST · by E. Pluribus Unum · 23 replies
    Investor's Business Daily ^ | 12 FEB 2019 05:33 PM ET | EDITORIALS
    Middle-Class Economics: USA Today ran a surprising story on Tuesday headlined "Can the middle-class revival under Trump last?" It's surprising — shocking really — because it might just be the first time a major news outlet has admitted that there has been a middle-class revival under Trump. We did a search for news stories that used the phrase "middle-class revival" since Trump took office. Other than the USAT story and a syndicated column written a year-and-a-half ago, we found none. Even a more generic search for "Trump middle class" turns up mostly stories about how Trump's tax cuts supposedly aren't...
  • U.S. Steel Firing Up Furnace In Alabama, Thanks To Tariffs

    02/11/2019 5:53:48 PM PST · by blam · 26 replies
    Breitbart ^ | 2-11-2019 | John Carney
    United States Steel said Monday it will resume construction of a furnace in Alabama, adding 1.6 million tons of steelmaking capacity and hundreds of jobs. Construction on U.S. Steel’s mill in Jefferson County, Alabama, was suspended in 2015 after China’s overproduction caused a global steel glut that sent prices plummeting. The tariffs the Trump administration imposed last year have reduced the flow of foreign steel in the U.S. and allowed domestic makers to expand again. U.S. Steel Chief Executive Officer David Burritt said in a statement: Thanks to the President’s strong trade actions and improved market conditions, support from the...
  • Maduro Asks OPEC For Help As U.S. Sanctions Bite

    02/11/2019 7:43:22 AM PST · by bananaman22 · 9 replies
    Oilprice.com ^ | 02-11-2019 | Para
    Nicolas Maduro has asked OPEC to support one of its founding members—Venezuela—against the U.S. sanctions on the Latin American country’s oil industry and denounce the “shameless dispossession” of Venezuelan assets, but Maduro’s plea has fallen on deaf ears, Reuters reported on Monday.
  • SCHUMER ANNOUNCES FENTANYL SANCTIONS BILL BEFORE CHINA TALKS

    02/10/2019 6:12:50 AM PST · by Libloather · 36 replies
    ABC 10 ^ | 2/10/19 | MICHAEL BALSAMO
    The Senate's top Democrat is introducing legislation to "hold China accountable" and sanction laboratories and other traffickers who export fentanyl to the United States. The bill, which will be introduced by Sen. Charles Schumer, of New York later this week, is likely to add to growing tension between the U.S. and China, days before Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer will lead high-level trade talks in China. In December, China agreed to label fentanyl, the deadly synthetic opioid responsible for tens of thousands of American drug deaths annually, as a controlled substance. Schumer's legislation — known...
  • White House takes victory lap on jobs numbers: ‘We told you so’

    02/01/2019 1:37:31 PM PST · by jazusamo · 26 replies
    The Hill ^ | February 1, 2019 | Tal Axelrod
    Videos at link. The White House took a victory lap Friday after the Labor Department announced 304,000 jobs were created in January, some 139,000 more than economists anticipated. “Three hundred-thousand new jobs plus, 3.2 percent increase in wages, participation rates went up, hours worked went up, it doesn’t get much better than this,” National Economic Council Director Larry Kudlow said in a video posted to the White House Twitter page. “I hate to say I told you so folks,” he added. “We’re going at 3 percent plus, and I don’t care, you can line up 8,000 pessimistas, and they’re wrong....
  • Venezuelan dictator Nicolas Maduro must be soiling himself about now

    01/29/2019 9:47:38 AM PST · by jazusamo · 29 replies
    American Thinker ^ | January 29, 2019 | Monica Showalter
    Venezuelan dictator Nicolás Maduro, who already has a legal president waiting in the wings to take the reins, now has a mountain of U.S. pressure to get out while the getting's good. He's not much for Twitter, but in the last few hours, he's been going like gangbusters, or, well, in his case, gangs, trying to rally the left to his regime and get his "narrative" for them out. Look at this amazingly long string of recent tweets. The big thing making him scream publicly is news of the crushing round of sanctions employed by President Trump and his dream...
  • Newt Gingrich: Democrats and Never Trumpers will put Trump back in the White House in 2020 --...

    01/28/2019 11:19:03 AM PST · by jazusamo · 31 replies
    Fox News ^ | January 28, 2019 | Newt Gingrich
    Full title: Newt Gingrich: Democrats and Never Trumpers will put Trump back in the White House in 2020 -- Here's whyAs you listen to the liberal media, the Never Trumpers and the left-wing Trump haters chatter on about President Trump’s current situation, remember these two numbers — 35 and 49. The first number was President Ronald Reagan’s approval in January 1983. The second number was the number of states Reagan carried 22 months later. I am not predicting President Trump will carry 49 states. This is a different environment, and the tribalism that divides the country is deeper than it...
  • Treasury sanctions Venezuela state-owned oil firm in bid to transfer control to Maduro opposition

    01/28/2019 12:48:37 PM PST · by DCBryan1 · 15 replies
    CNBC ^ | 28 JAN 19 | Tom DiChristopher | @tdichristopher
    The Trump administration will sanction Venezuela's state-owned oil firm, Petroleos de Venezuela, a move the White House has long put off for fear that it would raise oil prices and hurt American refiners. The move comes after a turbulent week for Venezuela that has created a standoff over the country's leadership. Last week, the opposition leader of Venezuela's National Assembly, Juan Guaido, named himself interim president amid street protests. President Donald Trump soon recognized Guaido as the nation's leader and his administration has been marshaling international support for the opposition figure since then. However, socialist dictator Nicolas Maduro, having recently...
  • Dow Crashes as Trump Announces Steel and Aluminum Tariffs

    03/01/2018 12:19:46 PM PST · by nickcarraway · 97 replies
    New York Post ^ | March 1, 2018 | Carleton English and Marisa Schultz
    Stocks got slammed Thursday as President Trump said he will impose stiff new tariffs on steel and aluminum imports. Looking to get tough on overseas competitors like China, Trump said the US will impose tariffs of 25 percent on steel and 10 percent on aluminum, sending the Dow Jones industrial average plunging more than 500 points. The president is looking to make good on a key campaign promise despite opposition from some inside the White House who fear the tariffs could spark a trade war. By 2:04 p.m., the blue-chip index was down 517.41 points — or 2 percent —...
  • Richard Grenell, Trump’s top ambassador, ‘delivers again,’ blocking Iran...(winning)

    01/21/2019 9:09:53 AM PST · by caww · 6 replies
    washingtonexaminer ^ | 1/21/2019 | Paul Bedard
    The ban is a huge win for the administration and lays down another marker in its effort to tighten the sanctions noose around Tehran. A top Trump ambassador is winning kudos for his part in convincing Germany to ban Iranian airline Mahan Air amid allegations 'it ran weapons to Syria.'......Iran’s Mahan Air is shut down in Germany, immediately. “Since arriving in Berlin, Ambassador Grenell has literally hit the ground running delivering on the president’s priorities,” said a key ally and senior Senate Republican aide. “At the top of that list has been to ensure Europe doesn’t circumvent President Trump on...
  • Trump campaign pushes forward while shutdown drags on

    01/22/2019 12:07:06 AM PST · by 2ndDivisionVet · 9 replies
    CNN Politics ^ | January 21, 2019 | Betsy Klein
    One month since the start of the shutdown, the Trump 2020 campaign is chugging ahead with staffing and organization -- and even fundraised off the paralyzed federal government. But the shutdown may yet prove to be a drag on the campaign and help set the tone for the race, depending on how long it endures and how it gets resolved. The campaign's internal efforts have carried on as normal, in contrast to the chaos of a "rudderless" White House, as it was described by one administration official. "The campaign has more autonomy and direction than the White House," said one...
  • Trump to put 'game changer' pressure on Cuba, says Mario Diaz-Balart.......

    01/21/2019 6:11:31 PM PST · by caww · 42 replies
    washingtonexaminer ^ | 1/21/2019 | Joel Gehrke
    “This is a very, very big deal,” the Florida Republican and Cuban-American said...“I think really good things are coming from this. And so, you can't minimize the impact..... ”President Trump is getting ready to place an unprecedented amount of economic pressure on Cuba’s communism regime and some of the non-U.S. companies that have invested there, according to a leading Republican lawmaker. Secretary of State Mike Pompeo has signaled that Americans who decades ago had property stolen by Fidel Castro’s regime and sold to other foreign companies may soon be able to sue those companies to recoup their losses. That will...
  • Oil Production And My 401K/IRA-Cause and Effect?

    01/18/2019 4:06:41 PM PST · by DIRTYSECRET · 2 replies
    My S&P500 account has gone up pretty good in the last few weeks after a bigger hit prior. If the price of gas is going more towards $2/gallon and China is backing down on trade I certainly see it as a cause and effect The only other big thing on the horizon I see is the prospect of a big beautiful wall. Too much collateral damage without one. I'm talking drugs, violence, hit and run vehicle accidents. Gotta get better if Trump is in office for 6 more. Things will never be perfect but tell me how much China and...
  • Exclusive: U.S. pushing for regular review of China trade, reform progress

    01/18/2019 1:51:34 PM PST · by Zhang Fei · 1 replies
    Reuters ^ | January 18, 2019 / 12:30 PM / Updated 2 hours ago | Michael Martina, Chris Prentice
    BEIJING/WASHINGTON (Reuters) - The United States is pushing for regular reviews of China’s progress on pledged trade reforms as a condition for a trade deal - and could again resort to tariffs if it deems Beijing has violated the agreement, according to sources briefed on negotiations to end the trade war between the two nations. A continuing threat of tariffs hanging over commerce between the world’s two largest economies would mean a deal would not end the risk of investing in businesses or assets that have been impacted by the trade war. “The threat of tariffs is not going away,...
  • Bye Bye Trade War? China Plans $1 Trillion Buying Spree to Reduce US Trade Deficit

    01/18/2019 1:56:00 PM PST · by dynoman · 93 replies
    ccn.com ^ | 1-18-19 | Sam Bourgi
    China Proposes Six-Year Buying Spree Citing sources familiar with the matter, Bloomberg reported Friday that China has offered to significantly boost its purchase of U.S. goods over a six-year period in an effort to re-balance trade between the two superpowers. By increasing its annual imports from the United States, Beijing would reduce its trade surplus to zero by 2024. That would require a spending boost of more than $1 trillion.
  • US Oil Boom Is Defying Expectations, Experts Say

    01/18/2019 12:51:59 PM PST · by rktman · 34 replies
    dailycaller.com ^ | 1/18/2019 | Jason Hopkins
    The United States is expected to churn out far more oil in 2019 than what international analysts originally forecasted. The International Energy Agency, a Paris-based organization that helps coordinate energy policies for industrial countries, released its latest oil market report Friday, noting exceptional numbers for the U.S. fossil fuel industry. The agency reported U.S. oil production is expected to rise by 1.3 million barrels a day in 2019. While this number is lower than the record-smashing 2.1 million increase producers enjoyed in 2018, it’s more than double what the IEA initially expected to see in 2019. The forecast illustrates the...
  • FDA to restart high-risk food inspections despite shutdown

    01/14/2019 4:23:46 PM PST · by 11th_VA · 6 replies
    The Hill ^ | Jan 14, 2019
    The Food and Drug Administration (FDA) is going to restart high-risk food inspections this week despite the partial government shutdown, which has forced the FDA to suspend most routine domestic food facility inspections. "We re-starting high risk food inspections as early as tomorrow," FDA Commissioner Scott Gottlieb tweeted on Monday, noting that the inspections will be performed by employees who have agreed to come back to work unpaid.
  • Democrats: A plague on the nation

    12/29/2018 2:43:12 PM PST · by RoosterRedux · 39 replies
    American Thinker ^ | Patricia McCarthy
    How as Americans do we explain the intransigence of the left when it comes to national security? 'Tis a mystery. These people, these Democrats in Congress, are among the most privileged persons on the planet. They have enjoyed, more than most, the blessings bequeathed by the Founders, the authors of the Constitution. Yet they are determined, like Obama, to transform us into something this nation was never meant to be: a land without borders. While all of them are on record supporting a border wall in the past, now that Donald Trump is president, they all oppose it with every...