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Keyword: trade

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  • Largest Ship to Visit U.S. East Coast Arrives in Savannah (Mega Container Ship)

    05/12/2017 6:26:57 AM PDT · by Rebelbase · 36 replies
    gCaptain ^ | 5/11/17 | gCaptain
    COSCO Development passes River Street in downtown Savannah, Georgia. Photo: Georgia Ports Authority/Stephen Morton PhotographyThe largest ship to ever visit the U.S. east coast arrived at the port of Savannah on Thursday after traveling through the expanded Panama Canal from Asia. The COSCO Development entered the mouth of the Savannah River at about 7 a.m. Thursday morning, drawing large crowds of spectators as it made its way past Savannah’s downtown River Street and under the Talmadge Memorial Bridge before docking at the Garden City Terminal at around 11 a.m. With 13,092 TEU capacity and measuring 366 meters long by 48.2...
  • China Plans $1 Trillion New ‘Silk Road’: Aims to re-create Marco Polo's ancient trade route

    05/12/2017 6:42:43 AM PDT · by SeekAndFind · 22 replies
    NBC News ^ | 05/12/2017
    BEIJING — China is aiming to re-create Marco Polo's ancient "Silk Road" that connected Europe to Asia. But instead of the camels and caravans that transported spices and silk hundreds of years ago, a $1.4 trillion network of modern trading routes would be built. On Sunday, Chinese President Xi Jinping will host 28 heads of state at the opening of a two-day summit focusing on the so-called "Belt and Road" initiative. Analysts suggest the project could shift the center of global economy and challenge the U.S.-led world order. Beijing hopes the gathering will rally international support for the plan. Xi's...
  • Senate confirms Trump's chief trade negotiator

    05/11/2017 1:11:49 PM PDT · by monkapotamus · 20 replies
    The Hill ^ | May 11, 2011 | Vicki Needham
    The Senate on Thursday easily confirmed President Trump’s nominee for United States trade representative. After months of delays, Robert Lighthizer sailed through in an 82-14 confirmation vote. The bulk of the Trump administration’s trade agenda has been in a holding pattern, leaving issues such as the renegotiation of the North American Free Trade Agreement (NAFTA) and the direction of future global deals up in the air while Lightizer waited for Senate approval... Republican Sens. John McCain (Ariz.) and Ben Sasse (Neb.) had written a letter to Lighthizer saying they would oppose his nomination because “your confirmation process has failed to...
  • Two GOP senators come out against Trump trade nominee

    05/11/2017 5:34:02 AM PDT · by Dave346 · 36 replies
    The Hill ^ | 05/10/17 07:40 PM EDT | Sylvan Lane
    Two Republican senators announced Wednesday that they will oppose Robert Lighthizer, President Trump’s nominee for United States Trade Representative, ahead of his likely confirmation this week. Sens. John McCain (Ariz.) and Ben Sasse (Neb.) told Lighthizer in a letter released Wednesday that they’d vote against him because “your confirmation process has failed to reassure us that you understand the North American Free Trade Agreement’s (NAFTA) positive economic benefits to our respective States and the nation as a whole.” “We fear that you do not have an appreciation for the millions of jobs created by this free trade deal, and that...
  • Two GOP senators come out against Trump trade nominee

    05/10/2017 5:05:23 PM PDT · by jazusamo · 61 replies
    The Hill ^ | May 10, 2017 | Sylvan Lane
    Two Republican senators announced Wednesday that they will oppose Robert Lighthizer, President Trump’s nominee for United States Trade Representative, ahead of his likely confirmation this week. Sens. John McCain (Ariz.) and Ben Sasse (Neb.) told Lighthizer in a letter released Wednesday that they’d vote against him because “your confirmation process has failed to reassure us that you understand the North American Free Trade Agreement’s (NAFTA) positive economic benefits to our respective States and the nation as a whole.” “We fear that you do not have an appreciation for the millions of jobs created by this free trade deal, and that...
  • Erdogan ‘won’ his referendum, but what does that mean for Turkey’s foreign policy?

    05/10/2017 6:47:35 AM PDT · by Texas Fossil · 9 replies
    KOM News ^ | 9 May 2017 13:40 CEST | none stated
    President Erdogan's posters adorn Diyarbakir's main roads alongside Turkish flags, 1 April 2017. By Ahmet Erdi Öztürk and Salih Dogan*Victory for the “yes” side in the country’s April 16 constitutional referendum granting Turkish President Recep Tayyip Erdogan sweeping new powers has left commentators wondering whether his foreign policy still includes joining the European Union as a primary goal.EU leaders Donald Tusk and Jean-Claude Juncker will seek a meeting with Erdogan at the May 25 NATO summit in what could be the European Union’s last effort to find common ground with Turkey. But EU-Turkey tensions are high, and it would not be surprising...
  • The Religious Liberty Order is a Good Start, Here's What Needs to Happen Next

    05/04/2017 3:13:30 PM PDT · by detective · 8 replies
    Front Page ^ | May 4, 2017 | Daniel Greenfield
    President Trump's Religious Liberty executive order, like many of his orders, set out good general principles. The principles, e.g. "It shall be the policy of the executive branch to vigorously enforce Federal law's robust protections for religious freedom" are good. The actual legal authority is limited. It's a good start for a much broader program. The order largely takes on the Johnson Amendment. But as a practical matter, that needs to be repealed by Congress. And it should find its way to the agenda. President Trump can try to limit its enforcement, but as long as it's there, it's a...
  • Trade Ignorance and Demagoguery

    05/03/2017 5:14:40 AM PDT · by Kaslin · 3 replies ^ | May 3, 2017 | Walter E. Williams
    When we discuss international trade and balance of payments, there are two types of accounts. There is the current account, which includes goods and services imported and exported and receives the most political attention. In 2016, the American people imported $479 billion worth of goods and services from Chinese producers, and we sold $170 billion worth of goods and services to Chinese customers. That made for a $309 billion current account deficit. In other words, we purchase more goods and services from Chinese producers than Chinese consumers purchase from American producers. How much of a problem is it when there...
  • Negative Balance of Trade? So What?

    05/01/2017 9:56:07 AM PDT · by rey · 5 replies
    FEE ^ | 1 May 2017 | Robert Higgs
    The tendency of the USA to have a negative balance of trade (more accurately known as a negative balance on current account) played a prominent role in the recent U.S. presidential campaign. Donald Trump criticized this tendency repeatedly and promised that if elected he would take various actions to reduce or eliminate it. Like most members of the public, Trump views this negative balance as a highly undesirable, economically damaging condition. Despite the prominence of discussions of the negative balance of trade in recent times, however, it is likely that few people really understand much if anything about the system...
  • Dow’s rally from election through Trump’s first 100 days is a postwar record

    04/29/2017 2:02:32 PM PDT · by John W · 3 replies ^ | April 29, 2017 | Mark DeCambre
    As President Donald Trump hits his 100th day in office Saturday, the Dow Jones Industrial Average has booked the best performance in the postwar era under a first-term president when measured from Election Day through the 100th day in office, according to Dow Jones data. The Dow DJIA, -0.19% has rallied 14.22% since Trump’s stunning Nov. 8 election victory over Democratic rival Hillary Clinton after a campaign promising a raft of Wall Street–friendly policies, including tax cuts, deregulation and a boost in infrastructure spending. (The S&P 500 index SPX, -0.19% has gained about 11.6% over that period, while the Nasdaq...
  • Why Donald Trump Decided to Back Off Nafta Threat

    04/28/2017 6:38:44 AM PDT · by reaganaut1 · 123 replies
    Wall Street Journal ^ | April 27, 2017 | Peter.Nicholas, Paul Vieira and José de Córdoba
    President Donald Trump was prepared to end the North American Free Trade Agreement deal, which had governed trade relations for the past 23 years, with a dramatic announcement Saturday at a Pennsylvania political rally marking his 100th day in office. As rumors spread of the possible action, Mexican President Enrique Peńa Nieto called the president urging him not to pull out of the accord. “Let me think about it,” Mr. Trump said. Within a half hour a call came in from Canadian Prime Minister Justin Trudeau with a similar request. After the talks, Mr. Trump was convinced “they’re serious about...
  • Wilbur Ross Discusses NAFTA & Congress Refusing to Accept “Notification of Intent” (ed)

    04/27/2017 10:24:20 PM PDT · by Ray76 · 4 replies
    The Conservative Treehouse ^ | Apr 28, 2017 | Sundance
    Early in this video, yet again, Secretary Ross clearly states he is waiting on congress to accept the letter; ie. it was sent mid-March. Republicans control the Senate. Republicans, not democrats in the Senate, do not want the Trump administration to renegotiate NAFTA. This is one of the clearest examples of the UniParty at work and the anti-American principles behind the U.S. Chamber of Commerce corporate lobbyists – lobbying directly against the Trump administration.
  • Bannon 'Comeback' Involves Steel, Canada, Dairy 'Disgrace'

    04/21/2017 10:34:18 AM PDT · by 2ndDivisionVet · 25 replies
    Newser ^ | April 21, 2017 | Jenn Gidman, Newser Staff
    (Newser) – President Trump has been pushing hard to bring his "Buy American, Hire American" mantra to fruition, including with an executive order meant to prevent "foreign cheaters" from taking US jobs and infringing on our steel production, a senior administration official said Monday, per Politico. The New York Times reports that on Thursday, Trump also laid into Canada, saying our northern neighbor exploits US workers, specifically in the dairy industry, and that "what they've done ... is a disgrace." The Wall Street Journal notes that to make his point on steel (and on other products "important to defense," a...
  • NYT: Trump Roars Again on Trade — a Victory for White House Economic Nationalists

    04/21/2017 10:54:16 PM PDT · by Helicondelta · 23 replies ^ | 21 Apr 2017
    Mark Landler writes in the New York Times that President Trump’s latest trade initiatives mark a return to the populist policies of the campaign and a victory for Steve Bannon and the economic nationalist wing of the Trump administration. From the New York Times: From Mr. Trump’s “buy American, hire American” rallying cry in Wisconsin this week to Vice President Mike Pence’s warnings to Japan and South Korea about the need to rewrite trade deals, the Trump administration is moving against free trade on multiple fronts. A senior White House official said there would be two trade-related events a week...
  • Trump to Attend Three Summits in Asia in November

    04/20/2017 6:34:29 PM PDT · by 2ndDivisionVet · 3 replies
    The Tempo ^ | April 21, 2017
    Jakarta - US President Donald Trump will attend three important summits in Asia this November, as a sign of firm and unwavering commitment to building strong foundation shared between US and Asian nations, Vice President Michael Pence confirmed. President Trump is planning to attend the US-ASEAN summit and the East Asia summit in the Philippines, as well as the Asia Pacific Economic Cooperation summit in Vietnam. "Our relationship without any doubt has benefited both ASEAN and America, diplomatically, economically and from the standpoint of national security," he said while visiting the headquarters of Association of Southeast Asian Nations in Jakarta,...
  • Tillerson touts Saudi investments, taking relations ‘to new heights’

    04/19/2017 9:57:37 PM PDT · by 2ndDivisionVet · 23 replies
    Arab News ^ | April 20, 2017 | Joyce Karam
    US Secretary of State Rex Tillerson touted Wednesday more economic investment and cooperation between Saudi Arabia and the US because “when US companies invest in the Saudi economy, everyone wins.” Tillerson made his remarks at the second annual US-Saudi Arabia CEO Summit, which concluded Wednesday in Washington. The summit brought together Saudi and US government officials and business leaders to discuss challenges and opportunities to expand US-Saudi economic partnership. Participants included Majid Al-Qasabi, Saudi commerce minister; Ghassan Al-Shibl, chairman of Saudi Arabian Airlines and CEO of Saudi Research and Marketing Group, and Khaled Al-Seif, vice chairman of the Committee for...
  • 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...
  • A U.S.-UK Trade Agreement and the Trump Re-Election Campaign

    04/17/2017 12:48:00 PM PDT · by 2ndDivisionVet · 6 replies
    Real Clear World ^ | April 17, 2017 | Christopher Smart & Marianne Schneider-Petsinger
    A U.S.-UK trade agreement would bring little probable benefit to the American economy, although the benefits to a certain Donald Trump could be huge. Given how tough it is to secure Congress’ approval of trade deals, it is overwhelmingly in America’s interest to muster limited political capital around a path to expanding trade with the much larger markets of the European Union. But a deal with the British may nonetheless find a fervent champion in President Trump. So far Trump has spoken of a potential agreement warmly but without specifics. By the spring of 2019 Britain will have formally left...
  • Modern Economics: Trumponomics, Politics and The Import Export Bank…

    04/14/2017 11:49:22 AM PDT · by Bratch · 2 replies
    The Last Refuge/Conservative Treehouse ^ | April 13, 2017 | sundance
    President Trump has expressed support for the continuation of the Import/Export bank. This has seemingly shocked a few people from conservative circles because the modern conservative doctrine has been to oppose the I/E bank. However, Trump’s position hopefully does not come as a surprise to CTH readers because we identified a year ago how President Trump’s economic policies would seek to refocus the original intent of the Import Export Bank. The key aspect is to return the IE to its “original intent“; not the bastardized Wall Street construct that exists today as a result of corrupt DC economic policies driven...
  • Secretary Wilbur Ross Delivers A Message – The “UniParty” Congress is Put On Notice…

    04/14/2017 3:33:42 PM PDT · by HarleyLady27 · 37 replies
    The Conservative Treehouse ^ | April 14, 2017 | Sundance
    To say we consider Commerce Secretary Wilbur Ross a man with a unique skill-set for this defined moment in U.S. economic history would be an understatement of epic proportions. Ross is one of the most consequential and dynamic forces within the President Trump administration. Our message is simple – the games are over, and improper treatment of the United States will no longer be tolerated. We will approach future negotiations and actions with a clarity of purpose guiding us as we work to establish both free and fair trade. Unfortunately, NAFTA negotiations cannot begin until Congress accepts our 90-day notification...