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Keyword: trumptrade

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  • Dear Nancy, Stop Stalling on the USMCA

    10/31/2019 5:45:47 AM PDT · by Kaslin · 8 replies ^ | October 31, 2019 | Palmer Schoening
    The United States-Mexico-Canada Agreement (USMCA) has been stalled in Congress since Trump signed the new trade deal back in November 2018. With the holiday season upon us, it is time for Congress to finally ratify the USMCA, which replaces the decades-old NAFTA and enables small businesses to boost exports, and safeguard their intellectual property (IP).The political climate is Washington has been filled with more partisan rhetoric and policies than previous Congresses of the past. However, this is Washington after all, and partisanship is the lifeblood of any good political debate. That being said, the USMCA isn’t a trade deal laced...
  • Trump Announces 'Very Substantial' But Partial China Trade Deal

    10/11/2019 3:56:42 PM PDT · by Aquamarine · 65 replies
    International Business Times ^ | Oct. 11, 2019 | Douglas Gillison
    President Donald Trump on Friday hailed a breakthrough in his drawn-out trade war with China, saying the two sides reached an initial deal that included a surge in purchase of American farm products. With the agreement -- which also covers intellectual property, financial services and currencies -- the White House will hold off on a massive tariff increase planned for next week, and as negotiations progress new tariffs planned for December also could be called off, US officials said. The interim bargain could allow both economic powers to claim success, while averting damaging escalation in the trade war and leaving...
  • Trump to farmers: ‘Buy more land and get bigger tractors’

    10/11/2019 6:00:23 PM PDT · by E. Pluribus Unum · 14 replies
    NOQ Report ^ | October 11, 2019 | Chastity Mansfield
    President Trump announced today a “phase one” trade agreement with China. Part of the deal includes a dramatic increase in agricultural products to be sold to China, ramping up from around $16 billion worth per year at its highest historic mark to $40-$50 billion per year moving forward. Current levels are estimated at around $8 billion. While announcing it, the President said farmers should immediately “buy more land and get bigger tractors.” The deal is expected to be written and signed in three to five weeks. It was negotiated on China’s behalf by Chinese Vice Premier Liu He. Both...
  • China tempers optimism for a trade deal, says ‘stay tuned’ for blacklist retaliation

    10/08/2019 11:42:01 AM PDT · by SeekAndFind · 12 replies
    CNBC ^ | 10/07/2019 | Yun Li
    China poured cold water on hopes for a trade deal, signaling it would retaliate against the U.S. threat to put Chinese tech companies on a blacklist, just two days ahead of the highly anticipated trade talks in Washington. Chinese Foreign Ministry spokesman Geng Shuang on Tuesday said “stay tuned,” when asked whether China would retaliate for the blacklist over alleged human rights violations against Muslim minorities. “We urge the U.S. to immediately correct its mistake, withdraw the relevant decision and stop interfering in China’s internal affairs,” Geng said at a news conference according to a transcript on the Foreign Ministry’s...
  • Sheldon Adelson Warned Trump About Impact of U.S.-China Trade War

    09/24/2019 11:58:28 AM PDT · by Zhang Fei · 24 replies
    Wall Street Journal ^ | Sept. 22, 2019 1:42 pm ET | Alex Leary, William Mauldin and Kate O’Keeffe
    WASHINGTON—President Trump’s sudden escalation of the trade war with China last month triggered a telephone call from billionaire casino owner Sheldon Adelson, who warned the president about the conflict’s impact on the U.S. economy and Mr. Trump’s re-election prospects, according to people familiar with the call. During his call with Mr. Trump, Mr. Adelson focused on the broader implications of the U.S.-China trade war and their potential political consequences for Mr. Trump, according to one of the people, and not on his own company’s situation. Mr. Adelson is chairman and chief executive of Las Vegas Sands Corp. The casino company...
  • Trump’s China tariffs are driving up the cost of new homes in California by $20,000

    09/05/2019 6:10:57 AM PDT · by artichokegrower · 45 replies
    Sacramento Bee ^ | September 05, 2019 | Kate Irby
    President Donald Trump’s tariffs have created the “perfect storm” at the wrong moment for the housing industry, California builders say. The California Building Industry Association estimates tariffs have driven up the cost of an average-size new home by $20,000 to $30,000.
  • Trump was so angry after China’s trade retaliation that he wanted to double tariffs

    09/04/2019 1:36:10 AM PDT · by Zhang Fei · 49 replies
    CNBC ^ | Published Tue, Sep 3 2019 4:07 PM EDT, Updated Tue, Sep 3 2019 6:02 PM EDT | Kayla Tausche, Jacob Pramuk
    President Donald Trump wanted to double tariff rates on Chinese goods last month after Beijing’s latest retaliation in a boiling trade war before settling on a smaller increase, three sources told CNBC. The president was outraged after he learned Aug. 23 that China had formalized plans to slap duties on $75 billion in U.S. products in response to new tariffs from Washington on Sept. 1. His initial reaction, communicated to aides on a White House trade call held that day, was to suggest doubling existing tariffs, according to three people briefed on the matter. Treasury Secretary Steven Mnuchin and U.S....
  • ‘Excuses!’ Trump claims ‘badly run and weak companies’ are using China tariffs as a scapegoat

    08/30/2019 10:58:32 AM PDT · by Berlin_Freeper · 43 replies ^ | August 30, 2019 | Jacob Pramuk
    President Donald Trump on Friday argued “badly run and weak companies” have blamed his trade war with China for flagging business in order to mask “bad management.” His tweet comes as more companies from a range of industries have started to slam his tariffs on about $550 billion in Chinese goods. Earlier this week, more than 160 industry groups criticized Trump’s latest move to slap duties on Chinese products.
  • Trump attacks General Motors over China, US employment

    08/30/2019 11:06:05 AM PDT · by Berlin_Freeper · 20 replies ^ | August 30, 2019 | Michael Wayland
    President Donald Trump on Friday attacked General Motors for its significant presence in China and questioned whether the automaker should move the operations to the U.S. Trump, in a tweet, said GM, “once the Giant of Detroit, is now one of the smallest auto manufacturers there. They moved major plants to China, BEFORE I CAME INTO OFFICE. This was done despite the saving help given them by the USA. Now they should start moving back to America again?” Many of the claims in the tweet against the Detroit automaker were misleading or inaccurate, according to industry data and officials.
  • Where's the evidence Trump's tariffs are hurting the economy?

    08/30/2019 7:03:12 AM PDT · by SeekAndFind · 7 replies
    American Thinker ^ | 08/30/2019 | Jack Hellner
    The public continues to hear or read that President Trump's trade policies are hurting the U.S. economy and destroying our relationship with the world and hurting the U.S. consumer.  They say the tariffs are especially harmful and causing price increases.  I am having trouble finding factual data that support those talking points.  Why do we see general statements in the media instead of the actual data? Here are some of the data: In 2016, the last year of President Obama, exports were $1.45 trillion, and imports were $2.19 trillion. In 2017, the first year of President Trump, exports were $1.55 trillion (up around...
  • U.S. Farmers May Be Angrier, But Their Trump Love Is Growing

    08/29/2019 7:04:32 AM PDT · by 11th_VA · 18 replies
    Yahoo News ^ | Aug 29, 2019 | Isis Almeida
    <p>Support for the president rebounded in the past year, with 67% of farmers saying they’d back him for reelection in 2020, according to a survey of 1,150 growers carried out by Farm Futures between July 21 and Aug. 3. That’s up from last year, when backing fell to just under 60% following the introduction of Chinese retaliatory tariffs on American soybeans...</p>
  • Retailers howl as U.S. trade agency locks in 15% tariffs on September 1

    08/28/2019 7:19:35 PM PDT · by mdittmar · 20 replies
    Reuters ^ | August 28,2019 | David Lawder, Rajesh Kumar Singh
    WASHINGTON/DECATUR, Ill. (Reuters) - The Trump administration on Wednesday made official its extra 5% tariff on $300 billion in Chinese imports and set collection dates of Sept. 1 and Dec. 15, prompting hundreds of U.S. retail, footwear, toy and technology companies to warn of price hikes.
  • Trump will raise tariff rates on Chinese goods in response to trade war retaliation

    08/23/2019 3:00:51 PM PDT · by mplc51 · 145 replies
    CNBC ^ | 08/23/2019 | Jacob Pramuck
    President Donald Trump said the U.S. will hike tariffs on most imports from China as his trade war with Beijing escalates. The U.S. will raise duties on $250 billion in Chinese goods to 30% from 25%, and increase tariffs on another $300 billion in products to 15% from 10%. Earlier, China announced new tariffs on $75 billion in U.S. goods — and Trump ordered U.S. companies to find an “alternative” to operating in China.
  • Steve Bannon's Warning On China Trade War (w/ Kyle Bass 8-21-19)

    08/26/2019 7:46:16 AM PDT · by Texas Fossil · 8 replies
    Steve Bannon, former White House Chief Strategist, sits down with hedge fund giant Kyle Bass to discuss America’s current geopolitical landscape regarding China. Bannon and Bass take a deep dive into Chinese infiltration in U.S. institutions, China’s aggressiveness in the South China sea, and the potential for global conflict in the next few years. Filmed on October 5, 2018 at an undisclosed location.
  • HUGE! China Caves

    08/26/2019 6:08:31 AM PDT · by mplc51 · 48 replies
    GP ^ | August 26, 2019 | Jim Hoft
    HUGE! China Caves — Announces Willingness to Seek Calm End to Trade War After Markets CrashThe regime can either give the US what it wants or perish. President Trump recognizes that China is in an all out war with the US in regards to information and economics. For years Western leaders have done nothing but negotiate into weak positions, never standing up to the Communist regime. Former US Presidents treated China like they did Russia 50 years ago, as their superior always giving them what they wanted and never standing up to their abuse and criminal acts.
  • BREAKING: BIG NEWS! President Trump Reaches Historic Trade Deal with Japan (Video)

    08/25/2019 7:20:37 AM PDT · by mplc51 · 136 replies
    GP ^ | August 25, 2019 | by Jim Hoft
    President Donald Trump is attending the G7 Summit in Biarritz, France this weekend. The liberal mainstream media was pretty certain this would be a complete disaster and that the countries were at odds. This is what they reported for several days before the summit began. Then President Trump dropped this wonderful news on Sunday.
  • DJT TWEETS and drops the hammer on China (vanity)

    08/23/2019 8:19:24 AM PDT · by JonPreston · 115 replies
    Twitter | 8/23/19 | DJT
  • U.S. Manufacturing sector contracts for the first time in nearly a decade

    08/22/2019 7:50:04 AM PDT · by SeekAndFind · 61 replies
    CNBC ^ | 08/22/2019 | Yun Li
    U.S. manufacturer growth slowed to the lowest in almost 10 years in August, the latest sign that the trade war may be exacerbating the economic slowdown. The U.S. manufacturing PMI (purchasing managers index) was 49.9 in August, down from 50.4 in July and below the neutral 50.0 threshold for the first time since September 2009, according to IHS Markit. Any reading below 50 signals a contraction. “Manufacturing companies continued to feel the impact of slowing global economic conditions,” Tim Moore, economics associate director at Markit, said in a statement on Thursday. “August’s survey data provides a clear signal that economic...
  • Time for GOP to ditch Trump policies and 'go back' to the future

    08/20/2019 2:51:50 PM PDT · by TBP · 126 replies
    Fox News ^ | August 19, 2019 | Frank Donatelli
    On the eve of World War II, the Republican Party was a shell of the one that had dominated presidential politics from the Civil War through the onset of the Great Depression. Two individuals saved the GOP and made it relevant again. Dwight Eisenhower ran on an internationalist platform in 1952, favoring foreign aid to Europe, the new military alliance called NATO and an aggressive stance against Soviet Communism, thereby asserting U.S. world leadership. He vanquished his isolationist foe, Sen. Robert Taft, for the GOP nomination in 1952 and then won the first Republican presidential victory in 20 years. In...
  • Why Farmers Aren’t Going To Abandon Trump Over The Trade War Despite China's Threats

    08/20/2019 7:51:53 AM PDT · by SeekAndFind · 9 replies
    The Federalist ^ | 08/20/2019 | By Willis L. Krumholz
    The popular narrative goes that because President Trump launched a trade war against China, China has retaliated by tariffing agriculture products from red states that voted for Trump. False. You’ve all seen the headlines: “China is hitting the U.S. where it hurts: Soybeans,” and “China takes aim at America’s soybean farmers,” and “Soybean farmers are still paying for Trump’s trade war” (all from CNN).The popular narrative goes that because President Trump launched a trade war against China, China has retaliated by tariffing America’s chief export to China—agricultural products—which happen to mostly come from red states that voted for Trump. China...