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Keyword: trade

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  • Trump administration nearing deal with Mexico on revised NAFTA — but issues with Canada remain

    08/17/2018 7:05:59 AM PDT · by MaxistheBest · 3 replies
    The Virginia Pilot ^ | 08/16/2018 | Don Lee
    The Trump administration is close to striking a deal with Mexico on a revamped North American Free Trade Agreement, analysts said, but thorny issues are yet to be resolved with Canada, the third party in the trilateral pact. Reaching an agreement with Mexico would mark a breakthrough for the administration after a year of roller-coaster talks and tension with its longtime North American trading partners. President Trump has frequently threatened to withdraw from NAFTA, linked the renegotiations to his call for a wall along the U.S.-Mexican border and slapped tariffs on Mexican and Canadian steel to apply pressure to make...
  • Americans Don’t Know China—and That’s a Huge Problem

    08/17/2018 6:32:28 AM PDT · by SeekAndFind · 13 replies
    Fortune ^ | 08/16/2018 | By BEN HARBURG
    President Trump has accused China of intellectual property theft, forced technology transfer, protectionism, and driving a trade deficit. But these disputes obscure an embarrassing reality: America has voluntarily ceded its intellectual arbitrage to China by opening the U.S. up for total download without even attempting to return the favor. Information flows abundantly and freely eastward. Little returns west. Chinese investors, students, government officials, and corporations have mapped every inch of America. The same cannot be said for Americans. But this situation is not actually due to protectionism by the Chinese state. Rather, Americans have voluntarily chosen isolation. The flood of...
  • Brazil presidential front-runner vows to close Palestinian embassy

    08/09/2018 6:43:51 AM PDT · by BlueStateRightist · 8 replies
    The Tiimes of Israel ^ | August 9, 2018 | Marcus M. Gilban
    RIO DE JANEIRO, Brazil (JTA) — Brazil’s front-running presidential candidate has announced he will close the Palestinian embassy in Brasilia in addition to moving his country’s embassy from Tel Aviv to Jerusalem. “Is Palestine a country? Palestine is not a country, so there should be no embassy here,” Jair Bolsonaro, a lawmaker from the Social Liberal Party, declared on Tuesday when the National Congress reopened after a three-week recess. “You do not negotiate with terrorists,” he added.
  • Brazilian evangelicals, swinging hard to the right, could put a Trump-like populist in the [tr]

    08/10/2018 7:29:53 AM PDT · by C19fan · 12 replies
    The Conversation ^ | August 6, 2018 | Staff
    Even as the overall population of Christians in the United States declines, evangelicals have become an energetic right-wing voting base, helping President Donald Trump win the presidency in 2016. In Brazil, where Pentecostal and other charismatic Christian churches are rapidly gaining members, evangelical voters are only beginning to flex their electoral muscle. In 1970, 90 percent of Brazil’s population identified as Roman Catholic. By 2017 just under 65 percent did. Evangelicals now make up an estimated 27 percent of Brazil’s 208 million people. As their numbers have grown, so has the evangelical influence over Brazilian politics. My demographic research in...
  • Brazilian president sends in army as truck protest paralyzes country

    05/25/2018 7:33:10 PM PDT · by Beave Meister · 16 replies
    The Guardian ^ | 5/25/2018 | Dom Phillips and Sam Cowie
    Brazil’s conservative president Michel Temer has ordered the army and federal police to clear highways blockaded by striking truck drivers after a protest over soaring fuel prices entered its fifth day. The blockades have paralysed much of the country’s economy and prompted São Paulo, the biggest city in South America, to declare a state of emergency over fuel shortages. “I have actioned the federal security forces to unblock highways and I am asking governors to do the same,” Temer said in a televised address on Friday. “We will not let the population do without its primary needs.” The protests began...
  • China Buckles, Sends Trade Delegation to Washington to Seek End of Trade War

    08/16/2018 3:42:54 PM PDT · by mandaladon · 31 replies
    Breitbart ^ | 16 Aug 2018 | John Carney
    China and the U.S. are set to resume trade talks for the first time since June. A meeting between the two countries, which would be between lower-level officials than earlier talks, would mark a breach in the standoff that has arisen since talks broke down in the spring. U.S. officials have repeatedly said they were open to new talks but insisted that China had walked away rather than offer serious reform. It still is not clear if China’s delegation will carry with it a reform offer serious enough to stave off the Trump administration’s threat of former tariffs. The U.S....
  • South Korean companies violating sanctions by allegedly importing North Korean coal

    08/16/2018 10:11:58 AM PDT · by CondoleezzaProtege
    The Globe and Mail ^ | Aug 2018 | Chloe Sang-Hun
    More than 33,000 tons of North Korean coal was illegally imported to South Korea last year in violation of United Nations and other sanctions, the South Korean government said Friday. A government customs agency, the Korea Customs Service, asked prosecutors to indict the heads of three South Korean companies that transport coal. It said the companies imported the North Korean coal, totaling $5.8 million in value, between April and October of last year, and it accused them of falsifying documents to indicate that the coal was of Russian origin. The owners of 14 ships involved in transporting the coal from...
  • Trade War Update: China May Have Shot Self In Foot

    08/15/2018 11:41:27 PM PDT · by 2ndDivisionVet · 22 replies
    Forbes ^ | August 15, 2018 | Kenneth Rapoza
    China made a “dumb move” in targeting America’s heartland with tariffs. Soybeans are a case in point. “I understood politically why they chose soybeans, but they made a dumb move,” says John Baize, a market analyst with the U.S. Soybean Export Council. The U.S. is the number one exporter of soybeans. Brazil is number two. No one comes close after that except for Argentina, which is the largest exporter of soymeal and soybean oil. Soybeans don’t fall from the sky, so China has very little mega-markets outside of the U.S. Brazil is the only one, really. And now they are...
  • China-U.S. to Resume Trade Talks After Tit-for-Tat Tariff Battle

    08/15/2018 8:07:12 PM PDT · by SpeedyInTexas · 50 replies
    08/15/2018 | Bloomberg News
    Link Only: https://www.bloomberg.com/news/articles/2018-08-16/china-to-send-group-to-u-s-for-first-trade-talks-since-june
  • Trump’s Trade War Is Rattling China’s Leaders

    08/14/2018 11:05:40 PM PDT · by cba123 · 15 replies
    New York Times ^ | 8/14/2018 | By Keith Bradsher and Steven Lee Myers
    BEIJING — China’s leaders have sought to project confidence in the face of President Trump’s tariffs and trade threats. But as it becomes clear that a protracted trade war with the United States may be unavoidable, there are growing signs of unease inside the Communist political establishment. In recent days, officials from the Commerce Ministry, the police and other agencies have summoned exporters to ask about plans to lay off workers or shift supply chains to other countries. (please see full article at link)
  • Turkey raises tariffs on several US products

    08/15/2018 12:23:32 AM PDT · by Eleutheria5 · 10 replies
    Arutz Sheva ^ | 15/8/18
    Turkey announced this morning its intention to raise tariffs on several products imported from the United States, including cars, alcohol and tobacco. .....
  • Russia Offers 2.5 Million Acres of Land to Chinese Farmers

    08/14/2018 11:34:12 AM PDT · by CondoleezzaProtege · 12 replies
    South China Morning Post ^ | Aug 14, 2018 | Sarah Zheng
    Russia has made 1 million hectares (2.5 million acres) of arable land available to foreign investors – and while that could be boon for Beijing as it struggles with limited supplies of soybeans in its trade war with the US, analysts are concerned about the quality of the plots available. Valery Dubrovskiy, director of investment for the Far East Investment and Export Agency, a non-profit organisation, said on Tuesday that several Chinese companies had already expressed an interest in the deal. With the China-US trade war showing no signs of abating, and after Beijing slapped 25 per cent tariffs on...
  • Trump’s Trade War Is Rattling China’s Leaders

    08/14/2018 8:48:20 AM PDT · by 2ndDivisionVet · 34 replies
    The New York Times ^ | August 14, 2018 | Keith Bradsher and Steven Lee Myers
    BEIJING — China’s leaders have sought to project confidence in the face of President Trump’s tariffs and trade threats, but as it becomes clear a protracted trade war with the United States may be unavoidable, there are growing signs of unease inside the Communist political establishment. In recent days, officials from the Commerce Ministry, the police and other agencies have summoned executives from exporters to ask about plans to lay off workers or shift supply chains to other countries. With stocks slumping into bear territory and the currency dropping 9 percent against the dollar since mid-April, censors have been deleting...
  • THE DISAPPEARED: Chines businessmen and CEOs keep disappearing in ‘state-sanctioned abductions’

    08/13/2018 11:02:59 AM PDT · by SeekAndFind · 16 replies
    Foreign Policy ^ | March 2018 | Zach Dorfman
    China’s global kidnapping campaign has gone on for years. It may now be reaching inside U.S. borders. Before he disappeared from his luxury apartment at the Four Seasons Hotel in Hong Kong on Jan. 27, 2017, Xiao Jianhua, a Chinese-Canadian billionaire, favored female bodyguards. Why, exactly, was unclear: Perhaps he simply liked being surrounded by women; perhaps he trusted them more than men. Whatever the reason, those guards weren’t much help when a group of mysterious men showed up at his apartment that January day and took him away. According to anonymous sources who viewed the hotel’s internal video feed...
  • Capital Flight -- The Strategy Behind Trump's Sanctions

    08/13/2018 10:52:12 AM PDT · by SeekAndFind · 3 replies
    American Thinker ^ | 08/13/2018 | By Monty L. Donohew
    When there is war, conflict, or instability, vulnerable human beings flee, seeking refuge in safer countries. Everyone is familiar with the plight of refugees, and the challenges refugees create for surrounding nations. People need and deserve support, and it requires resources to meet this need. When there is war, conflict, or instability, vulnerable capital and wealth also flee. The "problem" of fleeing capital is different, however. Because capital and wealth are not as encumbered and physically restricted as are human beings, especially in the modern electronic age, capital moves far from the source of instability. Capital flight makes support of...
  • Trump's China moves begin to embolden some Asian Pacific Rim states

    08/13/2018 11:11:21 AM PDT · by SeekAndFind · 2 replies
    American Thinker ^ | 08/13/2018 | Monica Showalter
    President Trump's trade war with China is a multi-pronged thing, given how closely the east Asian states of the Pacific Rim are being affected. Those states are all U.S. allies, and the reason we project so much naval power in the Pacific. While we are seeing a lot of doom and gloom talk in the endless 'analyses' you always see in Pacific Rim affairs on the economic side of things, including China itself declaring there will be 'no winners' (typical for the nation that is facing disaster itself), along with some stories of Pacific Rim states getting ready to profit from...
  • Trump's trade war advantage: The US economy is 'firing on all cylinders,' says expert

    08/12/2018 11:06:29 PM PDT · by 2ndDivisionVet · 28 replies
    CNBC ^ | August 13, 2018 | Weizhen Tan
    • "We have to realize that perhaps China isn't as strong as when we at first think. China is still figuring out also how to deal with this trade situation, how to ensure the stability of its domestic economy," said Curtis Chin, an Asia fellow at the Milken Institute. • Speaking to CNBC's "Squawk Box," Chin also "totally" disagreed with the view that U.S. President Donald Trump's policies are backfiring. China's power may have been overrated and the U.S. economy is staying strong, meaning that U.S. President Donald Trump has an advantage in the trade war, according to one expert....
  • German EM Altmaier: We won’t let Washington dictate us with whom we can do business

    08/12/2018 9:43:09 PM PDT · by tcrlaf · 28 replies
    Action Forex ^ | 8-13-2018 | ActionForex
    German Economy Minister Peter Altmaier launched strong attack on Trump for his tariffs and sanctions. He told Bild am Sonntag newspaper that “this trade war is slowing down and destroying economic growth – and it creates new uncertainties.” Meanwhile, the agreement between the EU and US “can only be first step”. Altmaier emphasized “Our goal is a global trade order with lower tariffs, less protectionism and open markets.” Regarding US sanctions on Iran, Altmaier also pledged the Germany and EU will continue to support companies doing business with Iran. He warned that “we won’t let Washington dictate us with whom...
  • Donald Trump is using the strength of US economic power

    08/12/2018 9:33:17 PM PDT · by 2ndDivisionVet · 13 replies
    Communities Digital News ^ | August 12, 2018 | Michael Busler
    Unlike the prior administration who was more than willing to give away America’s wealth and power, President Trump understands US economic power. And he is using the wealth and power of the United States to the country’s full advantage. President Trump knows that since the US is holding all of the aces it is time to use them and really start winning. The US economy is the world’s largest America’s economy is bigger than the combined economies of the rest of the G7. Our total annual output which will exceed $20 Trillion this year, is almost 25% of the world’s...
  • Iran's president says he'll talk to Trump "right now"

    08/12/2018 7:21:38 AM PDT · by mandaladon · 48 replies
    CNN ^ | 12 Aug 2018 | Zachary Cohen,
    Washington (CNN)Iranian President Hassan Rouhani issued a challenge to President Donald Trump on Monday, saying the Islamic Republic would welcome talks with the US "right now." "I don't have preconditions. If the US government is willing, let's start right now," Rouhani said during an interview that aired on state television late Monday local time, just hours before the US renewed sanctions on Iran. "If there is sincerity, Iran has always welcomed dialogue and negotiations," Rouhani said. Trump's national security adviser John Bolton, when asked about the offer by CNN's Jake Tapper, dismissed it as possible "propaganda." "Let's see what really...