Keyword: tariffs

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  • China should quickly get out of its huge US trade problem (good article)

    03/17/2019 9:26:18 PM PDT · by cba123 · 38 replies
    CNBC.com ^ | 1 hour ago | Dr. Michael Ivanovich
    Beijing cannot indefinitely continue to accumulate wealth and technology by exploiting America’s open markets. A prompt solution of the U.S.-China trade dispute requires a rebalancing on bilateral trade accounts — drastically lower Chinese sales to the U.S. and sharply increasing Chinese purchases of American goods and services. China’s regulatory changes are a different matter. Financial markets should stop fretting about the U.S.-China trade problem — that’s a peripheral issue and a purely trading event. Only the Fed can crash Wall Street. (Please see full article at the link)
  • How Trump would cut Medicare by $818B in a decade

    03/11/2019 2:53:59 PM PDT · by Liberty7732 · 26 replies
    President Trump's proposed budget released Monday appeared to call on Congress to cut $818 billion from Medicare over 10 years, despite a long-standing promise from the president that he wouldn't touch the popular program. The budget does not outline specific cuts to Medicare, nor does it propose a cost-saving plan along the lines of an idea from former House Speaker Paul Ryan, R-Wis., to give beneficiaries subsidies to buy private coverage. Instead, the budget envisions spending reductions through Congress passing prescription-drug legislation and through efforts to reduce improper payments to healthcare providers. "He's not cutting Medicare in this budget," Russell...
  • Trump administration moves to end work permits for spouses of skilled foreign workers

    03/11/2019 11:53:08 AM PDT · by Coleus · 27 replies
    The Bergen Record ^ | 02.25.19 | Monsy Alvarado
    Trump administration moves to end work permits for spouses of skilled foreign workers
  • China’s Yi affirms pledge to avoid devaluation for trade

    03/10/2019 11:54:43 AM PDT · by Olog-hai · 4 replies
    Associated Press ^ | March 10, 2019 | Joe McDonald
    China’s central bank governor on Sunday affirmed an official promise to avoid manipulating its currency to boost exports, an issue he said American and Chinese negotiators discussed in their latest talks aimed at ending a tariff war. Yi Gang gave no indication the two sides reached agreements beyond previous commitments produced by meetings of the Group of 20 major economies. He spoke at a news conference during the annual meeting of China’s ceremonial legislature. “We stress that we will never use the exchange rate for competitive purposes, nor will we use it to boost China’s exports,” Yi said. Yi took...
  • Dear Liberals: IQ Matters

    03/09/2019 11:36:54 AM PST · by Thalean · 39 replies
    YouTube ^ | March 7, 2019 | Spencer P Morrison
    Assume for a moment that America fully embraces free trade, and it works exactly as planned: we offshore all our low-margin production to developing countries, and this indeed frees-up our population to work in lucrative industries like product design, finance, management etc. While this may make America richer (in the short term), it will not necessarily make Americans richer. Why? Not everyone can be an engineer, investment banker, or lawyer—most people just aren’t smart enough, and many more don’t have the personality for it. It’s harsh, but true. Charles Murray explains in his seminal book The Bell Curve that human...
  • President Trump's budget to include $100M for Ivanka's women's fund

    03/08/2019 10:30:14 AM PST · by proust · 35 replies
    AP ^ | Mar 8, 2019 | Catherine Lucey
    WASHINGTON (AP) — President Donald Trump's 2020 budget proposal will include $100 million for a global women's fund spearheaded by his daughter Ivanka Trump. In a statement to The Associated Press, Ivanka Trump noted that Friday was International Women's Day and stressed the initiative was "working towards our goal of economically empowering 50 million women in developing countries by 2025." She says the budget includes "a new $100 million commitment" for the fund.
  • Here's the best poll # for Donald Trump this year

    03/06/2019 9:53:34 PM PST · by 2ndDivisionVet · 13 replies
    CNN Politics ^ | March 6, 2019 | Chris Cillizza, CNN Editor-at-large
    The first two years of Donald Trump's presidency haven't exactly been filled with stellar ratings from the public. Trump's approval rating in Gallup has never -- not one time -- been above 50% since he was sworn into office. His overall job approval number in the Real Clear Politics' average is below 44%. Almost six in 10 people disapproved of how Trump has handled the Russia investigation in a CNN-SSRS poll last month. On and on it goes -- bad numbers following bad numbers, leaving the poll-obsessed Trump to cherry-pick a piece of data here and there that suggests he...
  • China’s super rich are bailing out fast over fears Communist leaders are tanking the economy

    03/06/2019 12:30:11 PM PST · by SleeperCatcher · 27 replies
    The National Sentinel ^ | 3/6/19 | Jon Dougherty
    As POTUS Donald Trump prepares to meet with Chinese President Xi Jinping to discuss a deal to end the current trade war between the world’s two biggest economies, the American political commentariat has panned it as another opportunity for China to ‘pull one over’ on this ‘hapless, bumbling president.’ Citing Trump’s ‘inability’ to come to terms with North Korean leader Kim Jong-un over denuclearization, they have left Americans who still listen to them with the impression that now it’s China’s turn to embarrass him and the United States — and at the president’s own resort at Mar-a-Lago. But the reality...
  • Gallup: Trump Job Approval On The Economy Reaches New High

    03/05/2019 12:46:20 PM PST · by SeekAndFind · 17 replies
    Hotair ^ | 03/05/2019 | Allahpundit
    No incumbent president pulling 55 percent on the economy and unemployment can be counted out for reelection, however anemic his overall job approval might be.In fact, this poll is a reminder of how solid Trump’s 2020 prospects would look if he was a bit less … Trumpy, for lack of a better word.It’s mostly Republicans driving that number but he’s at 53 percent approval on the economy and 56 percent on unemployment among independents, a group that gives him an overall job approval of just 35 percent. Those are also the only two out of 14 categories tested in...
  • Chinese farmers warn government they’ll need subsidies to compete with U.S. farm products

    03/04/2019 8:13:02 AM PST · by SleeperCatcher · 28 replies
    The National Sentinel ^ | 3/4/19 | Jon Dougherty
    Full headline: Winning: Trump, Xi close to ‘trade deal’ as Chinese farmers warn government they’ll need subsidies to compete with U.S. farm productsAs official Washington preoccupies itself with the latest alleged “crisis” involving some aspect of the Trump administration, the White House has been quietly but steadily making progress on its key trade objectives. Last year POTUS Donald Trump announced that his negotiators had reached a deal with Mexico and Canada to rework NAFTA into a new United States Mexico Canada Trade Agreement (USMCA). The agreement awaits action in the U.S. Congress and the legislatures of the other two countries,...
  • Trade Talks: Don’t Look Now, But China Just Blinked On Technology Theft

    03/03/2019 3:09:04 PM PST · by SeekAndFind · 18 replies
    Hotair ^ | 03/03/2019 | Jazz Shaw
    There’s been no end to the complaints on the left (and portions of the right as well) about President Trump’s use of tariffs to attempt to craft better trade deals for the United States. The results have been a mixed bag thus far, with some efforts delivering results (see: Mexico and Canada) and others seeming to fall short (the auto industry is a good example there). But some of the greatest consternation on display around punditry panels has been caused by the President’s aggressive stance toward China, arguably our largest trading partner. Trump’s complaints about their habitual theft of...
  • Trump...Mueller probe: "They're trying to take you out with bulls---"

    03/02/2019 11:15:22 AM PST · by ETL · 76 replies
    FoxNews.com ^ | Mar 2, 2019 | Adam Shaw | Fox News
    President Trump, in an expletive-laden speech at the Conservative Political Action Conference (CPAC) Saturday, accused FBI Special Counsel Robert Mueller’s team of trying to take him out with “bulls---” and accused a top Clinton aide of not having recovered “from getting his a-- kicked.” Trump accused his opponents of moving away from a narrative of Russian collusion as Mueller prepares to file his report on the investigation into Russian interference in the 2016 election. He said that the report was being produced “by people who weren’t elected.” “Unfortunately you put the wrong people in a couple of positions and they leave people...
  • Harvard/Harris Poll: 3-in-4 Voters Favor ‘America First’ Immigration, Trade, War Platform (tr)

    03/01/2019 4:39:11 PM PST · by EdnaMode · 13 replies
    Breitbart ^ | March 1, 2019 | John Binder
    About 3-in-4 American voters favor a populist-nationalist “America First” legal immigration, trade, and foreign policy platform from candidates running for office that prioritizes protecting the way of life and economic security of United States citizens above all else. The latest Harvard/Harris Poll finds near unanimous support for populist-nationalist candidates among Republicans, conservatives, and President Trump supporters, as well as a majority of support from all voters. The findings are the latest evidence that the open borders, globalization, and endless wars ideology of former administrations — such as President George W. Bush’s — has very little support with the American electorate.
  • New York City Experienced Worst Decline in Restaurant Jobs since 9/11 After $15 Minimum Wage Win

    03/01/2019 8:15:58 AM PST · by Beowulf9 · 42 replies
    https://fee.org ^ | February 28, 2019
    The Big Apple’s fast-food industry, The New York Times recently reported, has long served as a laboratory for progressive politicians and the nation’s labor machine.
  • Q4 GDP 2.6%: Better than Expected (2018 GDP, 3.125)

    03/01/2019 8:42:33 AM PST · by xzins · 46 replies
    Yahoo News ^ | 28 Feb 19 | Mark Vickery
    The long-awaited first read on Q4 GDP has just come out, with results better than expected: +2.6%, whereas analysts had been pivoting right around that 2.0% figure ahead of the release. The historically strong Q3 results were revised upward in its third and final headline: 3.5%. Even though it’s too early to take the long view of 2018 GDP as a whole, this 2.6% number joins the 2.2%, 4.2% and now 3.5% from the previous quarter to put preliminary GDP at 3.125%, or above 3% for the first time since prior to the Great Recession a decade ago. That this...
  • USTR to suspend China tariff hike 'until further notice'

    02/27/2019 2:30:07 PM PST · by Oldeconomybuyer · 1 replies
    Reuters ^ | February 27, 2019 | by David Lawder
    The U.S. Trade Representative’s office said on Wednesday it would move to formally suspend a scheduled tariff increase on Chinese goods “until further notice” following President Donald Trump’s decision to delay his Friday deadline for a U.S.-China trade deal. The statement was issued after U.S. Trade Representative Robert Lighthizer’s testimony to the U.S. House Ways and Means Committee, in which he said USTR was following a legal process to implement the delay. “In accordance with the president’s direction, the Office of the United States Trade Representative will publish a notice in the Federal Register this week to suspend the scheduled...
  • Workism Is Making Americans Miserable

    02/25/2019 6:28:14 PM PST · by daniel1212 · 72 replies
    The Atlantic ^ | Feb 24, 2019 | Derek Thompson
    For the college-educated elite, work has morphed into a religious identity—promising identity, transcendence, and community, but failing to deliver... In his 1930 essay “Economic Possibilities for Our Grandchildren,” the economist John Maynard Keynes predicted a 15-hour workweek in the 21st century, creating the equivalent of a five-day weekend... In a 1957 article in The New York Times, the writer Erik Barnouw predicted that, as work became easier, our identity would be defined by our hobbies, or our family life... These post-work predictions weren’t entirely wrong. By some counts, Americans work much less than they used to. The average work year...
  • Americans' Perceptions of U.S. World Image Best Since 2003

    02/25/2019 11:07:56 AM PST · by yesthatjallen · 4 replies
    Gallup ^ | Justin McCarthy
    Story Highlights: 58% say U.S. rates very or somewhat favorably in world's eyes 45% satisfied with U.S. position in the world Most say Trump not respected by foreign leaders
  • U.S., Chinese trade negotiators will ‘speed up’ talks as Beijing agrees to buy more goods

    02/23/2019 1:21:06 PM PST · by SleeperCatcher · 18 replies
    The National Sentinel ^ | 2/23/19 | Jon Dougherty
    Full headline: Winning: U.S., Chinese trade negotiators will ‘speed up’ talks as Beijing agrees to buy $1.2 trillion worth of American goodsTrade talks between U.S. and Chinese negotiators were extended for two days on Friday as both sides agreed to “speed up” talks in a bid to finalized an agreement ahead of a March 1 deadline when Washington planned to impose higher tariffs on some $200 billion worth of imported goods from China. Chinese Vice-Premier Liu He said Beijing and Washington would “redouble efforts and speed up negotiations” on trade, as talks aiming to end a tariff war between the...
  • From My Friend Living in China: Trump CRUSHING China in Trade War

    02/23/2019 7:58:07 AM PST · by SaxxonWoods · 30 replies
    The Blacksphere ^ | 02/21/2019 | Kevin Jackson
    I now have been back in China for two years. I will be here for another two years, at least until October of 2020. After that I return to Florida. I want to give you some updated news from inside China. First, The Donald is winning the trade war…BIG TIME. As you know, I have been visiting or living in China for over 25 years. And based on that extensive knowledge, I can see the effects on the economy.