Keyword: tariffs

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  • Trade war escalates as China announces tariffs on U.S. imports

    09/18/2018 10:02:30 PM PDT · by cba123 · 10 replies
    Associated Press ^ | September 18, 2018 | Joe Mcdonald
    BEIJING – China on Tuesday announced a tariff increase on $60 billion of U.S. products in response to President Donald Trump’s latest duty increase in a dispute over Beijing’s technology policy. The announcement followed a warning by an American business group that a “downward spiral” in their conflict appeared certain following Trump’s penalties on $200 billion of Chinese goods. The Finance Ministry said it was going ahead with plans announced in August for the increases of 10 percent and 5 percent on 5,207 types of U.S. goods. A list released last month included coffee, honey and industrial chemicals. Please see...
  • EXCLUSIVE: Trump says exposing ‘corrupt’ FBI probe could be ‘crowning achievement’ of presidency

    09/18/2018 6:20:50 PM PDT · by bitt · 52 replies
    The Hill ^ | 9/18/2018 | JOHN SOLOMON AND BUCK SEXTON
    President Trump in an exclusive interview with Hill.TV said Tuesday he ordered the release of classified documents in the Russia collusion case to show the public the FBI probe started as a “hoax,” and that exposing it could become one of the “crowning achievements” of his presidency. “What we’ve done is a great service to the country, really,” Trump said in a 45-minute, wide-ranging interview in the Oval Office. “I hope to be able to call this, along with tax cuts and regulation and all the things I’ve done… in its own way this might be the most important thing...
  • Why The U.S. Ranks At The Bottom In A Foreign Aid Index (According to this freelance writer)

    09/18/2018 1:55:22 PM PDT · by gattaca · 21 replies
    NPR ^ | September 18, 2018 | Joanne Lu
    The United States' commitment to global development does not look good compared with that of other wealthy countries — and it's likely to get worse. According to an annual index released Tuesday by the Center for Global Development that ranks 27 of the world's wealthiest countries, the U.S. scored dead last on foreign aid contributions and quality — despite being the largest donor in dollar amount. That's because in 2017, it allocated a mere 0.18 percent of its gross national income for development assistance. That is well short of the 0.7 percent that wealthy countries have committed to strive for...
  • In this trade war, China may learn Trump won’t blink

    09/18/2018 10:13:36 AM PDT · by yesthatjallen · 7 replies
    The Hill ^ | 09/18/18 | Joseph Bosco
    President Trump just took the latest escalatory move in a trade war the United States and China are vigorously waging as either a proxy for a shooting war, or a run-up to one. The outcome of the trade confrontation, and the lessons it teaches, will greatly influence the likelihood of actual conflict in the future. It is essential that we win this one in order to deter a real one. The psychological dynamics at play in the trade dispute are the same as would apply in a kinetic conflict. As important as the parties’ actual strengths and vulnerabilities are their...
  • Obama repeatedly stutters, talks about himself 79 times while campaigning for candidates

    09/16/2018 12:14:41 PM PDT · by bryan999 · 79 replies
    There were times during a Thursday rally Barack Obama couldn’t help but talk about himself, even though he was supposed to be talking about other people. There were other times he could barely talk at all. During the Cleveland rally for Rich Cordray and Betty Sutton, Obama repeatedly talked about himself, despite the candidates sitting behind him. Several times, he stuttered as he attempted to attack President Trump and the success of recent Republican initiatives.
  • Trump holds National Council for the American Worker meeting — live updates

    09/17/2018 12:23:32 PM PDT · by 2ndDivisionVet · 2 replies
    CBS News ^ | September 17, 2018
    President Trump is expected to speak at what the White House is describing as the inaugural meeting of the President's National Council for the American Worker on Monday. The president praised the efforts of first responders after Hurricane Florence lashed out at the East Coast. "Will not rest until that job is done and done perfectly," the president said, according to the White House press pool. "... It's a very dangerous situation. You have collapses. You have slides. Its very scary." The council was formed to develop a national workforce strategy to help students and workers have access to the...
  • Trump promises announcement on new China tariffs after market close Monday...

    09/17/2018 12:51:03 PM PDT · by caww · 1 replies
    .washingtonexaminer. ^ | 9/17/2018 | Sean Higgins
    “It will be a lot of money coming into the coffers of the United States of America," Trump said of the tariffs. "A lot of money coming in, but you’ll be seeing what we’re doing right after close of business today." Trump made the announcement to reporters in the Roosevelt Room. The administration has repeatedly said the tariffs are needed to address China's policies, which it claims are predatory and cannot be tolerated. "We can't do that anymore," Trump told reporters. Trump has already enacted tariffs on $50 billion of Chinese goods and has threatened tariffs on a further $200...
  • Dan Hannan: A US-UK deal will revolutionize world trade

    09/17/2018 9:31:44 AM PDT · by RoosterRedux · 17 replies ^ | Daniel Hannan
    Let’s take Donald Trump both seriously and literally. When he says he wants to abolish all trade barriers, let’s assume he means it. Back in June, the President stunned his fellow heads of government at the Quebec G7 summit by telling them: “No tariffs, no barriers, that's the way it should be. And no subsides.” A world where all such distortions were removed from markets would indeed be vastly wealthier. We would all benefit, especially people on low incomes, who would gain the most from a fall in prices. Pretty much every mainstream economist, from both ends of the political...
  • Trump tariffs put Missouri Senate candidate Hawley in a bind

    09/15/2018 9:01:35 PM PDT · by Republican Wildcat · 13 replies
    Missourian ^ | 9/13/2018 | Summer Ballentine
    Mid Continent Nail Corporation says it could shutter its Poplar Bluff plant, which employs about 335 workers, as early as this month without an exemption to tariffs, the site’s operations general manager, Chris Pratt, told reporters in early September. The company previously had said that it might not survive through Labor Day but stayed open. After Trump imposed a 25 percent tariff on imported steel, the company in June cut 60 of 500 positions at the plant in rural Butler County, where the unemployment rate is above the national average and the company is the area’s second-largest employer. Pratt said...
  • Free Trade - The Spirit Of The Ocean

    09/15/2018 6:19:08 AM PDT · by Ozguy1945 · 2 replies
    Youtube ^ | 15 September 2018 | Geoff Fox
    Chinese power is expanding. Chinese claims to the South China Sea are not going to go away in a hurry. At the moment, American power represents a restraint on Chinese expansion. It is not clear how that will hold into the future. In his landmark foreign policy speech in April 2016 candidate Trump said, “……our resources are totally over extended. ……. the U.S. must be prepared to let these (European and Asian) countries defend themselves. We have no choice.” My unique country, Australia, a predominantly European nation on the edge of Asia, does have very deep emotional, cultural and historical...
  • Big Club Makes It’s Move – Chinese Funded U.S. Lobbyists Move For “Public Fight” Over Tariffs….

    09/12/2018 4:38:24 PM PDT · by Bratch · 4 replies
    The Last Refuge ^ | September 12, 2018 | sundance
    It was virtually guaranteed to happen, the only unknown was the actual timing of when they would execute their self-interested plan.  Remember, there are trillions at stake and the multinationals will not give up their power, influence and control over the U.S. economy. The media are reporting on a “group” of lobbyists “uniting” in a common strategy to oppose President Trump, ahead of the mid-terms, based on Chinese tariffs.  Those who have followed this “group”, also known as “the big club”, for decades know full well the lobbyists are financed through Wall Street multinational corporations and foreign money (hint: China).  The foreign...
  • Mr. Xi – Tear Down These Trade Walls!

    09/12/2018 9:17:25 AM PDT · by Pavegecko · 3 replies ^ | 9/1218 | L Todd Wood
    If there was ever an overt sign that the Chamber of Commerce and the Koch brothers really want to continue the open-border raping of America, then today’s announcement that these groups, among other colluders, are banding together to publically oppose and attempt to defeat President Trump’s trade agenda, is that sign. It is a sign from Hades. The fact that these people care nothing for the slaughter of the American heartland, the out-of-control opioid abuse that has killed God knows how many due to despair and loss of livlihood, is simply shocking (Although we knew they doing this before which...
  • El-Erian: Trump has a 75% chance of winning the trade war

    09/12/2018 9:17:35 AM PDT · by 2ndDivisionVet · 9 replies
    Yahoo! Finance ^ | September 12, 2018 | Krystal Hu
    President Donald Trump’s trade war may soon escalate if the U.S. slaps more tariffs on import goods from China. Mohamed El-Erian, chief economic adviser at the Allianz Group and former CEO of PIMCO, assuaged U.S. investors by noting that the chance of the U.S. getting a better deal from the trade war is 3-in-4. “I think it’s really important to make a distinction between the journey and the destination,” El-Erian said on Yahoo Finance’s The Final Round on Tuesday. “The journey will involve lots of noise, lots of rhetoric about trade wars, and the technically vulnerable asset classes, such as...
  • Nailed by Steel Tariffs: Trump protectionism is driving a Missouri company to the brink.

    09/10/2018 8:36:08 AM PDT · by reaganaut1 · 97 replies
    Wall Street Journal ^ | September 9, 2018
    When President Trump promised to make America great again, the employees at Mid Continent Nail in Missouri probably didn’t expect he would put them out of work. But the steel tariffs imposed in June have the company hanging by a thread. Mid Continent is the largest nail manufacturer in the U.S. and has been in Missouri for more than 25 years. It had 500 employees at its Popular Bluff plant and was the second largest employer in the small town before the Trump tariffs hit. The trouble for Mid Continent is that foreign producers making nails abroad use low-price steel...
  • China Car Sales Drop as Economic Woes, U.S. Trade War Hit Buyers

    09/10/2018 1:08:33 AM PDT · by Zhang Fei · 13 replies
    Bloomberg | September 10, 2018, 2:24 AM CDT | Ying Tian, Yan Zhang, and Prudence Ho
    Bloomberg link only
  • Despite Trump tweet, Ford says it won’t make hatchback in US [the Focus Active]

    09/09/2018 8:42:24 PM PDT · by Olog-hai · 40 replies
    Associated Press ^ | Sep. 09, 2018 4:59 PM EDT | Paul Wiseman
    Ford won’t be moving production of a hatchback wagon to the United States from China — despite President Donald Trump’s claim Sunday that his taxes on Chinese imports mean the Focus Active can be built in America. Citing Trump’s new tariffs, Ford on Aug. 31 said it was dropping plans to ship the Focus Active from China to America. Trump took to Twitter Sunday to declare victory and write: “This is just the beginning. This car can now be BUILT IN THE U.S.A. and Ford will pay no tariffs!” But in a statement Sunday, Ford said “it would not be...
  • Moscow And Merkel Quietly Start Building Nord Stream II To Increase German Dependence On Russian Gas

    09/08/2018 6:27:04 PM PDT · by Pavegecko · 10 replies ^ | 9/8/18 | L Todd Wood
    Berlin and Moscow quietly have started laying pipeline for the infamous Nord Stream II pipeline from Russia to Germany. U.S. President Trump has called Germany totally owned by Russia due to their increasing dependence on Russian natural gas to power Deutschland during the winter months. Solitaire, the pipelay vessel of Swiss company Allseas, started installing the Nord Stream 2 gas pipeline in the Gulf of Finland on Wednesday. Solitaire has a length of 300 meters and a width of 41 meters and the vessel will lay the pipeline around the clock seven days a week, the company said. Altogether 420...
  • US recalls diplomats from countries that abandoned Taiwan for China

    09/08/2018 2:59:00 PM PDT · by SleeperCatcher · 21 replies
    Great Power War ^ | 9/8/18 | USA Features
    Analysis: As the Trump administration continues to express greater support for Taiwan, China is exerting more effort in peeling away as many of Taiwan’s remaining 17 allies as it can, as a way to further isolate the island. Moving into regions so close, geographically and politically, to Washington is akin to the Soviet Union moving into traditional U.S. zones of influence in the Caribbean (Cuba) and Latin America during the Cold War.
  • Trump tells Apple to make products in U.S. to avoid China tariffs

    09/08/2018 3:36:09 PM PDT · by 2ndDivisionVet · 63 replies
    Reuters ^ | September 8, 2018 | Christopher Bing
    U.S. President Trump tweeted on Saturday that Apple Inc (AAPL.O) should make products inside the United States if it wants to avoid tariffs on Chinese imports. The company told trade officials in a letter on Friday that the proposed tariffs would affect prices for a “wide range” of Apple products, including its Watch, but it did not mention the iPhone. Trump, speaking on Friday aboard Air Force One, said the administration had tariffs planned for an additional $267 billion worth of Chinese goods. Trump tweeted that “Apple prices may increase because of the massive Tariffs we may be imposing on...
  • US trade deficit widened to $50.1 billion in July

    09/05/2018 8:00:15 AM PDT · by oincobx · 15 replies ^ | September 5, 2018 | Paul Wiseman
    The Commerce Department says the deficit in goods and services — the difference between what America sells and what it buys from other countries — rose to $50.1 billion in July from $45.7 billion in June. Exports slipped 1 percent to $211.1 billion. Imports increased 0.9 percent to a record $261.2 billion.