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Keyword: trade

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  • Senate panel overwhelmingly approves amendment blocking Trump on ZTE

    05/22/2018 12:27:32 PM PDT · by Theoria · 21 replies
    The Hill ^ | 22 May 2018 | Harper Reidig
    A Senate panel on Tuesday rebuked President Trump's efforts to ease sanctions on the Chinese telecom firm ZTE, which the intelligence community and trade regulators have warned poses a national security risk for the U.S. The Senate Banking Committee approved an amendment in an overwhelming and bipartisan 23-2 vote that would block Trump from easing sanctions on ZTE without first certifying to Congress that the company is complying with U.S. law. The move comes the same day The Wall Street Journal reported that the Trump administration and China are closing in on a deal to ease off ZTE in exchange...
  • Trade Deals Must Protect Intellectual Property Rights

    05/22/2018 5:25:19 AM PDT · by Kaslin · 1 replies ^ | May 22, 2018 | Stephen Moore
    Donald Trump is now deep into trade negotiations with China and NAFTA 2.0 negotiations with Canada and Mexico. We are strong free traders, but we believe that Trump's plans to negotiate better trade agreements that reduce trade barriers abroad are right on the mark. He also has to make sure those deals fully protect U.S. intellectual property, or what is commonly called know-how. American investments, ingenuity and entrepreneurship have made intellectual property one of our nation's most important assets. IP-intensive industries, including software, biotechnology and entertainment, now support nearly one-third of all U.S. jobs. But too often, our foreign trading...
  • Washington Post: China is winning Trump’s trade war

    05/21/2018 3:02:42 PM PDT · by SeekAndFind · 15 replies
    Washington Post ^ | 05/21/2018 | Heather Long
    It was easy to miss the U.S.-China trade statement that the White House released Saturday, right in the midst of royal wedding mania. But it's hard to hide that China looks as if it's winning President Trump's trade skirmish — so far. The statement said that, after several days of talks, the Chinese agreed to “substantially” reduce the United States' $375 billion trade deficit with China and that the details would be worked out later. It was noticeably vague. Notice China didn't agree to a specific amount. On Friday, Trump's top economic adviser, Larry Kudlow, was telling reporters that the...
  • China reportedly considers scrapping two-child limit per family

    05/21/2018 6:31:55 AM PDT · by Poison Pill · 25 replies
    CNBC ^ | 5/21/2018 | Shafi Musaddique
    China is reportedly planning to scrap its controversial two child-policy.The country imposed a one-child policy for decades.China's birthrate has been declining rapidly since the 1980s and has become a pressing concern for President Xi JinPing as he looks to develop the economy.
  • Has China succumbed to the art of the deal?

    05/20/2018 10:01:19 AM PDT · by Kaslin · 9 replies
    Hot ^ | May 20, 2018 | JAZZ SHAW
    >How real is the deal? We may not know for a couple of weeks yet (if not longer) but recent talks between China and the United States have resulted in an initial announcement that Beijing will prioritize closing the trade gap with the U.S. by purchasing significantly greater amounts of goods. Included in the few details offered thus far is a plan to increase both agricultural and energy exports from America. While China’s Foreign Ministry disputed some of the target amounts, the rest of the announcement looks as if it may soon become a reality. (CNN) Both parties said in...
  • China agrees to purchase more U.S. goods after trade talks with Trump officials

    05/19/2018 11:53:21 AM PDT · by jazusamo · 27 replies
    The Washington Times ^ | May 19, 2018 | Dave Boyer
    China has agreed to “meaningful increases” in its purchase of U.S. agriculture and energy exports to help reduce the U.S. trade deficit, both countries said Saturday after wrapping up two days of high-stakes trade talks in Washington. A joint statement released by the White House said negotiators from both sides found “consensus on taking effective measures to substantially reduce the United States trade deficit in goods with China.” “To meet the growing consumption needs of the Chinese people and the need for high-quality economic development, China will significantly increase purchases of United States goods and services,” the statement said. “This...
  • Beijing showing signs of compromise in trade talks with US

    05/18/2018 10:39:01 PM PDT · by Olog-hai · 14 replies
    Associated Press ^ | May 18, 2018 5:26 PM | Paul Wiseman and Kelvin Chan
    China is sending conciliatory signals as U.S. and Chinese negotiators meet in Washington to try to head off a trade war between the world’s two biggest economies. Beijing has dropped an anti-dumping investigation into imported U.S. sorghum, which it had accused the United States of unfairly subsiding. It has also given approval for a U.S. private equity firm to buy Toshiba’s memory chip business. Those gestures could suggest a thaw with the U.S. as trade talks went on for a second day Friday in Washington. “China has come to trade,” Larry Kudlow, the top White House economic adviser, told reporters....
  • Trump doubts China trade negotiations will succeed (four hours ago)

    05/17/2018 4:33:16 PM PDT · by cba123 · 11 replies
    CNBL ^ | 5/18/2018 | Jacob Pramuk
    "Will that be successful? I tend to doubt it," the president said during an appearance with NATO Secretary-General Jens Stoltenberg. "The reason I doubt it is because China has become very spoiled. The European Union has become very spoiled. Other countries have become very spoiled, because they always got 100 percent of whatever they wanted from the United States." "But we can't allow that to happen anymore," Trump added. (please see full story at link)
  • Denmark's Maersk Tankers ends Iran shipping after renewed US sanctions

    05/17/2018 9:43:01 AM PDT · by Salman · 10 replies
    The Local (Denmark) ^ | 17 May 2018 | AFP/The Local
    Danish shipping group Maersk Tankers on Thursday said it would cease its activities in Iran due to the US decision to leave a landmark nuclear deal and reimpose sanctions against Tehran. Maersk Tankers would honour customer agreements entered into before May 8th, but then wind them down by November 4th, "as required by the reimposed US sanctions," the company told AFP. The group said it "has been transporting cargoes for customers in and out of Iran on a limited basis," without providing precise figures for its activities.
  • Rubio: #ZTE issue should have nothing to do with broader trade talks.

    05/16/2018 12:22:39 PM PDT · by conservative98 · 13 replies
    Marco Rubio Twitter ^ | May 16, 2018 | Marco Rubio
    Marco Rubio ‏ Verified account @marcorubio Follow Follow @marcorubio More #ZTE issue should have nothing to do with broader trade talks. What is the point of cancelling Iran deal if we aren’t going to sanction those like ZTE who help Iran avoid sanctions? Plus ZTE helps #China spy on America & steal our intellectual property.

    05/13/2018 9:10:46 PM PDT · by Hojczyk · 54 replies
    Powerline ^ | May 13,2018 | Steven Hayward
    Did anyone happen to catch David Brooks’s latest column, “Donald Trump’s Lizard Wisdom,” in the New York Times? I about fell out of my chair, because Brooks almost tacitly admits that maybe he was wrong about Trump. Referring to Trump’s experience dealing with the mobbed-up New York construction scene in his long real estate career, Brooks says: And yet I can’t help but wonder if that kind of background has provided a decent education for dealing with the sort of hopped-up mobsters running parts of the world today. There is growing reason to believe that Donald Trump understands the thug...
  • Dow Jones Futures Rise On Trump China Tweets; Keep Eye On This Tech Group

    05/13/2018 5:36:56 PM PDT · by John W · 7 replies
    Investor’s Business Daily ^ | May 13, 2018 | Ed Carson
    Dow Jones futures today rose modestly vs. fair value, along with S&P 500 futures and Nasdaq futures. President Donald Trump tweeted that it "will all work out" on U.S.-China trade. He also tweeted that he wants to help China's ZTE "get back into business, less than a month after the U.S. banned domestic companies from selling components to the telecom gear giant. That could be good news for U.S. optical stocks such as Oclaro, Finisar, Acacia Communications and Lumentum Holdings which also is an Apple iPhone supplier.
  • Trump says he's working with Chinese president to get ZTE 'back into business, fast'

    05/13/2018 12:41:49 PM PDT · by Poison Pill · 18 replies
    CNBC ^ | 5/13/2018
    U.S. President Donald Trump said on Sunday that he and Chinese President Xi Jinping are working to give Chinese telecom company ZTE Corp "a way to get back into business, fast."ZTE earlier this month suspended its main operations after the U.S. Commerce Department banned American supplies to its business.As one of the world's largest telecom equipment makers, ZTE relied on U.S. companies such as Qualcomm and Intel for components.
  • China tech giant crippled, US imports held amid trade spat

    05/10/2018 5:22:52 AM PDT · by Olog-hai · 19 replies
    Associated Press ^ | May 10, 2018 7::44 AM | Kelvin Chan
    A Chinese tech giant brought to its knees and delays for imported U.S. cars, apples, lumber and other agricultural products are early signs the widening trade dispute between China and the U.S. is exacting a toll on both sides. More talks aimed at resolving the conflict are planned for next week in Washington, while both sides dig in for a fight over their trade imbalance. The tech company, telecommunications equipment and smartphone maker ZTE, said Wednesday that it’s ceasing “major operations” after the U.S. last month banned it from doing business with American suppliers for seven years as a punishment...
  • Don’t Try to Blackmail Us on Nafta, Mr. President

    05/11/2018 5:23:40 AM PDT · by reaganaut1 · 43 replies
    Wall Street Journal ^ | May 10, 2018 | Pat Toomey
    The Trump administration will soon unveil a “new” North American Free Trade Agreement. U.S. trade negotiators have sought, among other things, to limit its duration, impose new domestic content requirements on certain products, and weaken investor legal protections. Even with these protectionist features, congressional Democrats are unlikely to vote for President Trump’s Nafta 2.0. He will need the support of pro-trade Republicans like me to ensure passage of any new agreement. To pressure us into voting for an agreement that diminishes free trade, some in the administration suggest offering a grim choice: either approve a diminished Nafta, or the president...
  • US tells German businesses to stop trade in Iran 'immediately'

    05/09/2018 9:14:24 AM PDT · by Trump20162020 · 19 replies
    The Local ^ | May 9, 2018 | Staff
    German businesses should immediately halt their operations in Iran following President Donald Trump's decision to pull out of the Iran nuclear deal, the US ambassador to Germany said on Tuesday. "German companies doing business in Iran should wind down operations immediately," tweeted newly-appointed Richard Grenell. Germany is one of Iran's largest trading partners, with German exports hitting some €2.6 billion in 2016, up 26 percent on the previous year, according to the Ministry of Finance in Berlin.
  • China steps up quarantine checks on U.S. apple, log imports

    05/07/2018 6:08:55 PM PDT · by TigerLikesRooster · 19 replies
    Reuters ^ | MAY 7, 2018
    China steps up quarantine checks on U.S. apple, log imports BEIJING (Reuters) - China’s main ports will step up quarantine checks on imports of apples and logs from the United States, and shipments found carrying disease or rot could be returned or destroyed, the Chinese customs agency said on Monday. Reuters reported last week that the main Chinese ports of entry have ramped up checks on fresh fruit imports from the United States, which could delay shipments from U.S. growers already dealing with higher tariffs as China-U.S. trade ties sour. “Recently, pests were detected in apples and logs imported from...
  • US asks China to slash trade surplus by $200 billion

    05/07/2018 2:44:53 PM PDT · by cba123 · 10 replies
    Business Standard ^ | Last Updated at May 5, 2018 01:33 IST | Sue-Lin Wong & David Lawder | Beijing/Washington
    The US has demanded that China cut its US trade surplus by $200 billion, end subsidies for advanced technology industries and sharply cut import tariffs to US levels, two people familiar with US-China trade talks said Friday. The lengthy list of demands was presented to Beijing prior to the start of talks on Thursday and Friday between top-level Trump administration officials and their Chinese counterparts to try to sort out disputes that have threatened a damaging trade war between the world’s two largest economies. The talks ended with China’s Xinhua news agency describing them as “constructive, candid and efficient” but...
  • Trade Deficit Is Most Meaningless Economic Indicator Of All

    05/07/2018 8:24:51 AM PDT · by SeekAndFind · 37 replies
    IBD ^ | 05/07/2018 | Adam Brandon
    The trade deficit doesn't matter. There shouldn't be anything controversial about this fact. As Adam Smith, the father of modern economics, wrote in "An Inquiry into the Nature and Causes of the Wealth of Nations," "Nothing ... can be more absurd than this whole doctrine of the balance of trade." More meaningful economic indicators are the unemployment rate, wages and gross domestic product. Well, the unemployment rate is 4.1% and wages are growing. Although Barack Obama was the first president since Herbert Hoover not to see annual economic growth at 3% or higher during his presidency, the Congressional Budget Office...
  • Maybe it’s time to quit negotiating with China (Good read, very refreshing)

    05/07/2018 4:16:05 AM PDT · by cba123 · 7 replies
    MarketWatch ^ | Published: May 7, 2018 6:00 a.m. ET
    The battle lines are drawn in the trade war with China, and President Donald Trump can expect little support from the high tech and financial sectors or the economics profession. They argue the U.S. is doing quite well. Donald Trump has lifted growth to 2.9% a year but that compares poorly with China, whose superior performance can no longer be written off as that of a developing country playing catch up. Beneath the modern theory of free trade lurks an assumption that economists are disinclined to discuss — the textbook theorem assumes balanced trade accomplished through a reciprocal reduction of...