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Keyword: trade

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  • European and Asian leaders seek to boost trade, security

    10/18/2018 1:49:35 PM PDT · by Olog-hai · 3 replies
    Associated Press ^ | Oct. 18, 2018 2:46 PM EDT | Mike Corder
    Europe and Asia should use their combined economic clout “to tackle global challenges such as trade tensions that put millions of jobs at risk” and the threat of climate change, a top European official said Thursday. European Council President Donald Tusk spoke in Brussels as he opened the Asia-Europe summit, which brought together 30 European leaders with their counterparts or top officials from 21 Asian nations. The gathering accounts for 55 percent of global trade and 60 percent of the world’s population. […] The meeting is taking place amid a trade war between the United States and China and ongoing...
  • 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." ...
  • 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...
  • Trump Plans to Withdrawal From China Shipping Treaty

    10/17/2018 7:37:37 AM PDT · by SpeedyInTexas · 28 replies
    10/17/2018 | Justin Sink
    link only: https://www.bloomberg.com/news/articles/2018-10-17/trump-is-said-to-plan-withdrawal-from-china-shipping-treaty?srnd=premium
  • South Koreans find U.S. pork pairs well with craft beer

    10/16/2018 8:23:07 PM PDT · by 2ndDivisionVet · 17 replies
    National Hog Farmer ^ | October 15, 2017 | U.S. Meat Export Federation
    South Koreans have now found the perfect cheese to go with their wine. With craft beer becoming so popular across South Korea, the U.S. Meat Export Federation found “Beer Week Seoul” a prime opportunity to introduce the perfectly paired snack ... U.S. pork sausages. Funded by the USDA Market Access Program and the National Pork Board, the promotional effort included offering tasting samples of Johnsonville and Oscar Mayer sausages to the more than 25,000 visitors. “Our goal was to establish American pork sausages as an easy-to-cook and easy-to-eat choice that goes great with craft beer,” says Jihae Yang, USMEF director...
  • Dow spikes 548 points as investors cheer fat corporate profits

    10/16/2018 5:23:52 PM PDT · by John W · 54 replies
    CNN Business ^ | October 16, 2018 | Mart Egan
    New York (CNN Business)Corporate America is coming to Wall Street's rescue. The Dow soared 548 points, or 2.2%, on Tuesday as investors cheered fat profits from major companies and relative calm in the bond market. The huge rally, the Dow's best day since March, helped the index recover a chunk of last week's hefty losses. Tech stocks, the biggest losers during the market turmoil, raced back to life. The Nasdaq spiked nearly 3%, while the S&P 500 advanced 2.2%. Investors piled back into tech darlings. Amazon, Facebook and Netflix closed sharply higher.
  • U.S. Is World’s Most Competitive Economy for First Time in a Decade

    10/16/2018 4:11:18 PM PDT · by mandaladon · 36 replies
    WSJ ^ | 16 Oct 2018 | Joanna Sugden
    The U.S. is back on top as the most competitive country in the world, regaining the No. 1 spot for the first time since 2008 in an index produced by the World Economic Forum, which said the country could still do better on social issues. America climbed one place in the rankings of 140 countries, with the top five rounded out by Singapore, Germany, Switzerland and Japan. All five countries’ scores rose from 2017, with the U.S. notching the second-biggest gain after Japan’s. The top spot hasn’t gone to the U.S. since the financial crisis stalled output and triggered a...
  • Trump's North American Trade Triumph

    10/16/2018 6:00:41 AM PDT · by Kaslin · 31 replies
    Townhhall.com ^ | October 16, 2018 | Stephen Moore
    For those on the left and right who were certain that President Donald Trump's presidency meant the end of global free trade ... think again. Though Trump's critics have dismissed the significance of the new Mexico and Canada trade deal, it's hard to deny that it is a welcome advance for the economy of the entire continent. The pact will extend for years a (mostly) tariff-free North American trade zone. This was Ronald Reagan's vision nearly four decades ago -- and that legacy can now live on for hopefully many years to come. Here's just one example of the...
  • 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...
  • Trump’s List: 289 accomplishments in just 20 months, ‘relentless’ promise-keeping

    10/12/2018 10:03:02 AM PDT · by huldah1776 · 21 replies
    The Washington Examiner ^ | October 12, 2018 | Paul Bedard
    The Trump administration’s often overlooked list of achievements has surpassed those of former President Reagan at this time and more than doubled since the last tally of accomplishments after his first year in office, giving President Trump a solid platform to run for reelection on. As Trump nears the two-year mark of his historic election and conducts political rallies around the country during which he talks up his wins in hopes it will energize Republican voters, the administration has counted up 289 accomplishments in 18 categories, capped by the confirmation of Brett Kavanaugh to the Supreme Court. They include 173...
  • 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...
  • 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...
  • 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.
  • 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...