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Keyword: tariffs

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  • Ex-Fed chief Greenspan: This is the tightest labor market I've ever seen

    10/18/2018 3:32:07 PM PDT · by DannyTN · 17 replies
    cnbc.com ^ | 10/18/2018 | Berkeley Lovelace Jr
    ... "This is the tightest market, labor market, I've ever seen, he said in an interview with "Squawk Box." "But concurrently, we have a very slow productivity increase." ...
  • Officials: China said to be ‘sputtering’ under tariffs; working to salvage relationship with DoD

    10/18/2018 4:10:41 PM PDT · by SleeperCatcher · 14 replies
    Great Power War ^ | 10/18/18 | Jon E. Dougherty
    This report is certainly a far cry from what we’ve been seeing in terms of how other U.S. and foreign media are covering the Sino-U.S. relationship. But there’s no reason to doubt its credibility because some of the particulars were publicly supported in the story and by noted China/Asia experts. For instance, President Xi “has not reacted tactically or strategically,” Willy Wo-Lap Lam, a senior fellow at The Jamestown Foundation, said at a conference last week hosted by his think tank. Lam is a well-known and respected China analyst. He also said Xi’s response has caused doubt among some within...
  • World Economic Forum confirms the US is great again under Trump

    10/18/2018 8:14:26 AM PDT · by yesthatjallen · 3 replies
    The Hill ^ | 10/18/18 | PAUL RODERICK GREGORY
    The World Economic Forum’s (WEF) 2018 World Competitiveness Report ranks the United States No. 1 in global competitiveness, up from No. 3 in the past few years and its first top ranking in a decade. A high ranking matters. As the WEF reports: “Global competitiveness is determined by the set of institutions, policies and factors that determine the level of productivity of a country … And productivity leads to growth ... and improved well-being. The U.S.’s top ranking therefore suggests a lot of growth and prosperity to come." According to the Davos elite (who are no fans of Donald Trump),...
  • Trump to withdraw from postal treaty that has let China ship cheaply to U.S.

    10/17/2018 7:05:22 PM PDT · by TaxPayer2000 · 41 replies
    Market Watch ^ | 10-17-18 | Robert Schroeder
    President Donald Trump plans to withdraw from a postal treaty that has allowed Chinese companies to ship small packages to the U.S. at a steeply discounted rate...~SNIP~ Under the Universal Postal Union treaty, China and other developing countries have since 1969 been assessed lower rates than wealthier nations. The Times says the decision to withdraw was made at the urging of Trump's trade adviser Peter Navarro. The National Association of Manufacturers said Trump deserved credit for his focus on eliminating what it called "the anti-U.S. manufacturer subsidy China receives from the U.S. Postal Service."
  • Trump says each Cabinet secretary should slash 5% of their budgets after he pledges to cut spending

    10/17/2018 10:14:32 AM PDT · by BenLurkin · 54 replies
    "We're going to be asking for a 5 percent cut from every secretary today," Trump told reporters at the White House in advance of a meeting with those secretaries. The proposal comes days after the Trump administration announced a $779 billion budget deficit for fiscal year 2018 — a six-year high and a 17 percent jump from the prior period. "He's asking them to cut the fraud, the waste, the abuse," White House senior advisor Kellyanne Conway said on Fox Business News. "Cut the fat, not the essentials." Trump had said in an earlier interview on the network that "We're...
  • Tesla Sales Soaring, Competition Failing

    10/17/2018 5:33:20 PM PDT · by SunkenCiv · 42 replies
    Seeking Alpha ^ | October 16, 2018 | Ross Tessien
    CE car sales are down and EV sales are up. Most people know this much. Also, EV sales are not up by as much as ICE car sales are down. The two metrics are believed to be independent of one another. I believe they are related. When someone purchases a Tesla Model 3, that car sale is an EV and not a new ICE vehicle. So that is a first sale the ICE industry loses. Next, the new EV owner often trades in a used ICE car and someone else will purchase that car. Some number of car buyers will...
  • 25 Reasons I’m Not a Democrat

    10/15/2018 5:40:09 PM PDT · by Rummyfan · 32 replies
    PJ Media ^ | 15 Oct 2018 | John Hawkins
    There are a lot of reasons I’m not a Democrat. For example, I believe that… 1. Jesus, America, and capitalism have been the three greatest forces of good in world history. 2. An attractive woman posing with an AR-15 beats a screaming feminist in a pussy hat 10 times out of 10. 3. You can’t #believeallwomen or #believeallmen; you have to #believetheevidence. 4. It’s wrong and disgusting to harass people in restaurants and at their home just because you disagree with them politically. Also if you block traffic to get attention for your cause, whatever it may be, I am...
  • Ford Just Came To Trump' Defense & Destroyed Fake News Media & Their Lies: Tariffs & Their Layoffs

    10/13/2018 10:00:50 PM PDT · by UMCRevMom@aol.com · 36 replies
    fbnewscycle.com ^ | October 13, 2018 | BAISH
    The mainstream media is hellbent on ruining President Trump's reputation. Their latest ploy has been blaming him for Ford Motor's recent announcement of layoffs within the company. The liberal media claimed that Trump's tariffs were to blame. A spokesperson for Ford spoke to Watchdog.org, however, and explained that the whole thing is a "MISCHARACTERIZATION." The most recent job cuts will have an impact on salaried employees only. Manufacturing employees will not be affected. The spokesperson also explained that it has nothing to do with President Trump's tariffs. "The reports you have read about our organization redesign work being related to...
  • Local manufacturing companies struggling to fill open jobs (Ohio)

    10/12/2018 2:04:13 PM PDT · by 2ndDivisionVet · 26 replies
    The Youngstown Vindicator ^ | October 6, 2018 | Jordyn Grzelewski
    There is no limit on how many people Vallourec, a global manufacturing company with a steel pipe mill here in the Valley, could hire right now, said Chris Allen, the company’s talent acquisition manager for North America. “We don’t have enough [workers] and we won’t have enough,” Allen said. “Our [hiring] number is infinite right now.” That demand is no doubt driven partly by the boom in oil and natural gas, one of the primary industries Vallourec serves, but there are other issues at play that other Valley manufacturing companies are experiencing, too. “We could use 20 more [employees] right...
  • Can we talk? Trump’s riding high _ and he’s got a lot to say

    10/12/2018 9:49:20 AM PDT · by LibWhacker · 21 replies
    AP ^ | 10/12/18 | Jill Colving
    WASHINGTON (AP) — Can we talk? Donald Trump would like to chat. And, boy, is he ever. Riding high after Supreme Court nominee Brett Kavanaugh’s successful confirmation, the president has been on a rollicking press tour of late. He’s inviting reporters up to his private cabin on Air Force One. He’s calling in to his favorite shows. And he’s turning closed White House events into major media moments. On Thursday alone, Trump held four separate press availabilities, including one that featured a profanity-laced Oval Office performance by Kanye West, the rapper and producer who has emerged as Trump’s top Hollywood...
  • Dow plummets 600 points in worst drop since March

    10/10/2018 12:37:22 PM PDT · by BradtotheBone · 118 replies
    CNBC ^ | 10/10/2018 | Fred Imbert
    Stocks sank on Wednesday as a steep decline in tech shares and worries of rapidly rising rates sent Wall Street on pace for its worst day in six months. The Dow Jones Industrial Average traded more than 600 points lower as Intel and Microsoft fell more than 2.5 percent each. The Nasdaq Composite plummeted 3 percent. The S&P 500 dropped 2.5 percent, with the tech sector underperforming. The broad index was also headed for a five-day losing streak — which would be its longest since late 2016 — and fell below its 50-day moving average, a widely followed technical level....
  • Trump has China quaking in its boots

    10/06/2018 1:56:29 PM PDT · by E. Pluribus Unum · 56 replies
    New York Post ^ | October 6, 2018 | 1:26pm | Updated | Steven W. Mosher
    With China still running a record trade surplus with the US, it seems premature — to say the least — to say that Trump has won his long-overdue trade war with China. But it is not too early to conclude that, despite their threat of retaliatory tariffs, China’s Communist authorities know that they have lost. The increased tariffs to date, combined with the threat of more, have already clipped the wings of China’s economic rise. Its stock market is down 21 percent year over year, industrial output is slowing and its currency is weakening. Looking beyond the bluff and bluster...
  • White House top economist tells US businesses: "Stay away from China"

    10/08/2018 5:46:06 AM PDT · by Lurch Addams · 20 replies
    Yahoo News ^ | 10/6/2016 | Yahoo
    As trade tensions escalate between the U.S. and China, Washington is sending a warning to U.S. companies: Think twice about doing business with China. “If I were a business, I would basically just stay away from China right now. Their misbehavior is so terrible.” Kevin Hassett, chairman of the Council of Economic Advisers said on Yahoo Finance’s Market Mover Friday.
  • Why Canada’s Trudeau HAD to Sign a Trade Deal with the U.S.

    10/08/2018 8:01:44 AM PDT · by SeekAndFind · 18 replies
    National Review ^ | 10/08/2018 | John Fund
    He’s less popular than Trump, his party is trailing in the polls, and he couldn’t afford facing the heat coming his way if he failed to cut a deal. It’s no secret that President Trump and Canadian prime minister Justin Trudeau don’t get along. In June, as both nations threatened each other with tariffs during negotiations to rewrite the NAFTA trade deal, Trump tweeted that his 46-year-old Canadian counterpart was “weak” and “dishonest.” Trudeau responded by boasting that Canada “will not be pushed around” by its bigger neighbor. But three months later, both countries came together, along with Mexico, to...
  • China says it's not afraid of trade war with the US — its actions show Beijing is nervous

    10/07/2018 11:40:26 PM PDT · by Zhang Fei · 13 replies
    CNBC ^ | 10/8/2018 | Yen Nee Lee
    The decision by China's central bank to cut the amount of reserves held by banks is an indication that authorities in the world's second-largest economy are getting nervous about a long-drawn trade war with the U.S., experts said. China insisted last month, in a 71-page paper, that its economy is "highly resilient" and Beijing is not afraid of a trade war. At the World Economic Forum in Tianjin, China in September, an official from the country's securities regulator said there was nothing President Donald Trump's administration could do to make a significant dent in the Chinese economy. Fang Xinghai, vice...
  • China’s central bank to pump US$110 billion into economy as US trade war intensifies

    10/07/2018 8:54:27 PM PDT · by JohnThree3to16 · 55 replies
    China’s central bank to pump US$110 billion into economy as US trade war intensifies ^ | Sunday 7 October 2018 | Sidney Leng Zhou Xin UPDATED : Sunday, 7 Oct 2018, 11:24PM
    https://m.scmp.com/economy/china-economy/article/2167332/china-central-bank-seeks-pump-extra-us110bn-economy-us-trade war intensifies Sidney Leng Zhou Xin UPDATED : Sunday, 7 Oct 2018, 11:24PM China on Sunday announced a big cut in the amount of cash commercial banks have to put aside at the central bank, a move that will make an extra US$110 billion available for lending as Beijing works to shore up confidence in its economy and markets.
  • Unemployment rate falls to 49-year low

    10/07/2018 8:28:47 PM PDT · by NotaLowTBoomer · 27 replies
    Just posting this because you won't see it on Television, because it's actual news, and television doesn't report on real news. ashington (CNN Business)The last time the American job market was this strong, astronauts were still going to the moon. The unemployment rate fell to 3.7% in September, the lowest level since December 1969
  • Caught in the crossfire: Chinese-Americans feel the heat as tensions flare

    10/07/2018 12:49:16 PM PDT · by Zhang Fei · 17 replies
    South China Morning Post ^ | Tuesday, 25 September, 2018, 10:33pm | Shi Jiangtao
    Orville Schell, the director of the Centre on US-China Relations at the Asia Society in New York, also noted that China’s forceful campaign had stoked suspicions about visiting academics. “It is China’s United Front Work Department which views overseas Chinese as sons of the yellow emperors, ethnic Chinese somehow belong to China. Overseas Chinese are caught in the crossfire.” Schell said he was working with a group of about 20 prominent China specialists in the US on a broad-ranging research project about China’s influence operations. “The effect on American think tanks so far has been limited, but as Chinese philanthropy...
  • Powell Rips Trump on Immigration, NATO, Anti-Press Rhetoric The World Can’t Believe What’s Happening

    10/07/2018 10:17:36 AM PDT · by Kevin in California · 60 replies
    Mediaite ^ | 10-07-2018 | Aidan McLaughlin
    Former Secretary of State Colin Powell spoke out against President Donald Trump in an interview with CNN’s Fareed Zakaria on Sunday, blasting his anti-press rhetoric, the retreat from the world stage, and his insults of U.S. allies.
  • USMCA trade pact: for Canada and Mexico, throwing China under bus was a no-brainer

    10/06/2018 10:29:04 PM PDT · by Zhang Fei · 9 replies
    South China Morning Post ^ | 6 Oct 2018 | Alex Lo
    The China card was something Mexico and Canada were ready to play against the Americans when Donald Trump first came to power under a unilateralist banner of “America First”. Who knew how far this volatile and inconsistent leader in Washington was willing to go after he denounced the North American Free Trade Agreement (Nafta) – which formed the basis of trade between the three countries for 24 years – as the worst trade deal in the history of his country? But when the three sides have finally agreed on a replacement trade pact – the so-called United States-Mexico-Canada Agreement (USMCA)...