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Keyword: trade

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  • US Becomes Net Oil Exporter for First Time in Decades

    12/09/2018 6:49:35 PM PST · by E. Pluribus Unum · 28 replies
    The Epoch Times ^ | December 9, 2018 | EMEL AKAN
    The United States became a net oil exporter last week for the first time in almost 75 years, a significant step toward achieving “energy independence and dominance,” as promoted by President Donald Trump. The United States had been a net oil importer since 1949. In the last week of November, however, weekly U.S. net imports of crude oil and petroleum products fell to minus 211,000 barrels per day (bpd), meaning the country became a net exporter of that amount, according to data from U.S. Energy Information and Administration. The news came on the back of a surge in crude exports...
  • U.S. says March 1 'hard deadline' for trade deal with China

    12/09/2018 6:39:54 PM PST · by cba123 · 3 replies
    UNTV News ^ | Monday December 10, 2018
    WASHINGTON (Reuters) – U.S.-China trade negotiations need to reach a successful end by March 1 or new tariffs will be imposed, U.S. Trade Representative Robert Lighthizer said on Sunday, clarifying there is a "hard deadline" after a week of seeming confusion among President Donald Trump and his advisers. Global markets are jittery about a collision between the world's two largest economic powers over China's huge trade surplus with the United States and U.S. claims that China is stealing intellectual property and technology. "As far as I am concerned it is a hard deadline. When I talk to the president of...
  • Taming of the Lemmings

    12/09/2018 11:12:37 AM PST · by Kaslin · 9 replies ^ | December 9, 2018 | Gil Gutknecht
    Anyone paying even the slightest amount of attention to the stock market recently is aware that traders are behaving more like lemmings than investors. One day they all run north and the market advances 400 points. The next day they all run south and it declines 600. It even happens in the same day. This has been the pattern for the last several months. The economic numbers having changed not a wit. So we wonder, what is going on here? Financial writers always have an answer. Fears about a trade war with China. Worries over Brexit. Oil prices are too...
  • Trump’s Tough China Tack Wins Over Skeptical CEOs

    12/08/2018 8:08:05 AM PST · by SpeedyInTexas · 8 replies
    WSJ ^ | 12/08/2018 | John Stoll
    When President Trump first threatened to levy major tariffs on China, business leaders worried the administration was using the wrong weapon on the right target. It wasn’t the flood of washing machines coming in and the trickle of Fords going out that raised the ire of America’s CEOs. They wanted something done about counterfeiting, allegations that the Chinese were stealing U.S. intellectual property and investment rules Beijing leans upon that force technology transfers.
  • Trade Deficit on Track to Grow by $100 Billion Under Trump (Trump you were elected, on this)

    12/07/2018 4:31:14 PM PST · by cba123 · 57 replies
    Newsmax Finance ^ | December 7, 2018
    President Donald Trump is losing his war on the U.S. trade deficit and the evidence is growing that his own tariffs are at least part of the reason why. The U.S.'s monthly deficit in goods and services with the world reached its highest level in a decade in October while the deficit with China hit a record, according to data on Thursday. (please see link for full article) Pretty long, good article.
  • Huawei CFO Arrest is a ‘Declaration of War’ Says Editor of Global Times

    12/06/2018 6:47:22 PM PST · by familyop · 11 replies
    Breitbart News ^ | December 6, 2018 | John Carney
    When the Trump administration blocked the merger of Qualcomm and Broadcom it singled out the risk that the deal would give Huawei an advantage in developing 5G technology. Bloomberg quoted an analyst in China who sees the arrest as the result of the national security White House staff pushing back against the Wall Street-friendly China doves in the White House, led by Treasury Secretary Steven Mnuchin, who pushed for the trade truce.
  • The sell-off started with a mysterious plunge overnight

    12/06/2018 10:26:51 AM PST · by BeauBo · 25 replies
    CNBC ^ | 6 Dec 2018 | Thomas Franck
    Speculation for the swell in volume and plunge in futures included the news of the arrest of the CFO of the Chinese telecom company Huawei. Traders also speculated that the selling could be attributed to a large fund or funds liquidating a position.
  • US markets plunge after arrest of Chinese tech executive

    12/06/2018 9:26:43 AM PST · by bitt · 39 replies
    The Hill ^ | 12/6/2018 | alexander bolton
    The Dow Jones Industrial Average plunged by almost 500 points Thursday morning, the first day of trading after U.S. authorities secured the arrest of a Chinese technology company executive, fueling fears that the trade war with China is heating up. News broke late Wednesday that Canadian law enforcement had arrested Meng Wanzhou, chief financial officer of Huawei Technologies, a major Chinese tech firm that has been linked to the Chinese military. U.S. officials have requested her extradition, citing a suspected sanctions violation.
  • The Ceasefire In Our Trade War With China Doesn’t Solve Deeper Problems

    12/05/2018 12:02:48 PM PST · by SeekAndFind · 9 replies
    The Federalist ^ | 12/05/2018 | Helen Raleigh
    The highly anticipated meeting between U.S. President Donald Trump and Chinese President Xi Jinping at the G20 summit concluded last Saturday evening with no major breakthrough. Pundits who had hoped for a good trade deal between the U.S. and China are surely disappointed.President Trump previously threatened to raise tariffs from 10 to 25 percent on about $250 billion worth of Chinese imports on January 1, 2019. Now he has agreed to hold off on the tariff hike while both the Americans and Chinese delegations engage in trade negotiations for the next 90 days.At present, President Xi has agreed not...
  • Stock markets plunge after Trump’s ‘Tariff Man’ tweet

    12/04/2018 1:35:29 PM PST · by SMGFan · 56 replies
    NYPost ^ | December 4, 2018
    Stocks took a nosedive on Wall Street as investors worried that a US-China trade truce reached over the weekend wasn’t all it was cracked up to be. The Dow Jones Industrial Average sank almost 800 points Tuesday. ------------------ The markets plunged after Trump unleashed a threatening tweet Tuesday morning. “President Xi and I want this deal to happen, and it probably will. But if not remember, I am a Tariff Man,” Trump tweeted.
  • Trump sends Dow Jones plunging nearly 800 points by tweeting 'I am a tariffs man' raising fears...

    12/04/2018 2:20:45 PM PST · by Morgana · 65 replies
    Daily Mail UK ^ | DECEMBER 4, 2018 | Francesca Chambers, White House Correspondent For
    FULL TITLE: Trump sends Dow Jones plunging nearly 800 points by tweeting 'I am a tariffs man' raising fears his 'truce' with China will be followed by full-scale trade war and recession U.S. stock markets plummeted Tuesday as a series of tweets from President Donald Trump suggested a trade war with China could resume next year despite claims of a truce and a long-term deal between the two countries. The Dow Jones closed almost 800 points down at 25,027, a loss of 3.1 per cent of its value, while billions were also wiped off the value of the Nasdaq and...
  • More Anti-Trump Propaganda flowing out of the Main-stream Media - This times it's China.

    12/04/2018 9:14:49 PM PST · by vannrox · 11 replies
    Self | 5DEC18 | editorial staff
    It started with the Washington Post... The story (or narrative) from The Washington Post was about the "successful trade talks" between Donald Trump and Xi Peng in China. WaPo claimed that it wasn't true. They went on to say that the talks were all nonsense and confusion. They went ahead, quoting a former U.S. government official (unnamed, of course, but implied that he was an expert who was said to have been in contact with Chinese officials. This "expert" claimed that Beijing are “puzzled and irritated” by the Trump administration’s behavior, and widespread confusion across media claiming the 'truce' as...
  • Larry Kudlow: China Promises U.S. Trade Changes ‘Immediately’

    12/03/2018 5:39:14 PM PST · by Hojczyk · 8 replies
    Breitbart ^ | December 3,2018 | Michelle Moons
    National Economic Council Director Larry Kudlow announced Monday that during the G20 summit, the Chinese promised to make trade changes “immediately.” Kudlow told Breitbart News on a Monday press call that the timeline for this round of U.S.-China trade negotiations is going to move fast. He stressed that the credibility of the current discussion between the two nations will hinge on rapid movement. This is something the two sides discussed specifically at last week’s G20 Argentina meetings, including the meeting involving President Donald Trump and Chinese President Xi Jinping. He did not give a definitive timeline aside from indicating rapid...
  • Trump: China agrees to reduce tariffs on US autos

    12/02/2018 8:18:10 PM PST · by yesthatjallen · 68 replies
    The Hill ^ | 12/02/18 | By Brandon Conradis
    President Trump announced on Sunday that China had agreed to reduce tariffs on U.S.-produced vehicles shipped into the country. DEVELOPING
  • Time For a Festive Nervous Breakdown

    12/02/2018 6:27:19 AM PST · by NOBO2012 · 57 replies
    MOTUS A.D. ^ | 12-2-18 | MOTUS
    Last year when two thirds of my Christmas tree lights failed to light I decided to replace all of them rather than get a new tree. Not in order to save the earth but because I liked the size and shape of the 8 year old tree that was otherwise in very good condition. Buy LEDs they said, they’ll never burn out they said. So I opted for the micro LED lights, aka “rice” lights because I liked the way they twinkled at me in the store. And, as they said, they’ll never burn out.  Right. This is me, this...
  • Trump to Hold Off on Tariff Hikes Against China, Negotiations Continue

    12/01/2018 7:58:46 PM PST · by conservative98 · 12 replies
    Breitbart ^ | December 1, 2018 | Kristina Wong
    The White House announced Saturday that President Trump has agreed not to further raise tariffs on $200 billion worth of Chinese imports from ten percent to 25 percent as he had previously threatened, after a dinner meeting at the G-20 summit with Chinese President Xi Jinping. In exchange, China will agree to purchase a “not yet agreed upon, but very substantial” amount of agricultural, energy, industrial, and other product from the U.S., to reduce the trade imbalance between the two countries, White House Press Secretary Sarah Sanders said in the statement. China has agreed to start purchasing agricultural product from...
  • G20: US and China 'will impose no new tariffs'

    12/01/2018 6:05:18 PM PST · by be-baw · 37 replies
    BBC ^ | December 1, 2018 | unattibuted
    Chinese state TV says agreement has been reached with the US not to impose any additional trade tariffs after 1 January and talks will go on. It made the announcement after US President Donald Trump met China's President Xi Jinping for the first time since a trade war erupted this year. Both a Trump adviser and Chinese media said earlier that talks after the G20 summit in Buenos Aires had gone well. At the summit earlier on Saturday, the G20 leaders agreed a joint declaration. The document notes divisions over trade but does not criticise protectionist activity...
  • G-20 leaders agree on trade, Trump bucks others on climate

    12/01/2018 2:57:36 PM PST · by Innovative · 20 replies
    The Hill ^ | Dec. 1, 2018 | Chris Mills Rodrigo
    Leaders of the Group of 20 (G-20) nations on Saturday signed off on a final statement pledging to fix the world trading system, with all but President Trump also expressing support for the Paris climate agreement. The statement finalized after the two-day summit in Buenos Aires, Argentina, calls for reforming the World Trade Organization but does not mention protectionism because the U.S. resisted those discussions, according to The Associated Press.
  • Supply chain reaction: trade war refugees race to relocate to Vietnam, Thailand

    11/28/2018 5:40:42 PM PST · by saywhatagain · 7 replies
    Reuters ^ | November 29, 2018 | Farah Master, Orathai Sriring, Anne Marie Roantee
    “We are on the cusp of the biggest sourcing disruption that we have seen in a generation,” said Stephen Lamar, executive vice-president of the American Apparel & Footwear Association, whose more than 1,000 members contribute over $400 billion annually to U.S. retail sales.
  • Kudlow: White House is having 'a lot of communication with the Chinese government at all levels'

    11/27/2018 4:46:51 PM PST · by Innovative · 11 replies
    CNBC ^ | Nov. 27, 2018 | Jacob Pramuk , Ylan Mui
    The U.S. and China have re-engaged in trade talks ahead of a meeting between President Donald Trump and Chinese President Xi Jinping at the G-20 summit in Argentina this week. The meeting offers an "opportunity to break through" after progress toward a trade agreement stalled in recent months, according to White House economic advisor Larry Kudlow. Trump is considering whether to put tariffs on another $267 billion in Chinese goods if the talks do not go well.