Keyword: trumptrade

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  • Stocks Jump Higher as Trump Escalates Trade War

    09/18/2018 3:42:47 PM PDT · by User900 · 5 replies
    Breitbart ^ | 18 Sep 2018 | John Carney
    The latest escalation in the trade war did not have the dire consequences many predicted for the stock market. Stocks rose Tuesday after the Trump administration announced new tariffs on $200 billion of Chinese goods and China promised to retaliate with tariffs on an additional $60 billion of U.S. goods.The Dow Jones Industrial Average rose 184 points, or 0.74 percent. The S&P 500 rose by half a percentage point. The Nasdaq Composite advanced eight-tenths of a percentage point.The rise in U.S. stocks was all the more notable because the new tariffs are scheduled to go into effect September 24, sooner...
  • CNBC’s Jim Cramer: ‘Game is Over’ on Sacrificing America to China Trade

    09/18/2018 5:08:09 PM PDT · by Hojczyk · 6 replies
    Breitbart ^ | September 18,2018 | John Carney
    Jim Cramer says that the latest round of tariffs on China-made goods sends the message that the “game is over.” Cramer, who is the most popular personality on CNBC, defended the latest round of tariffs the Trump administration announced Monday night. “I think the president is saying, ‘Hey, listen guys, you are not going to make as much money in China as you used to. That game is over because we have to win the trade war,'” Cramer said Tuesday. Cramer also said that Commerce Secretary Wilbur Ross was correct that the China tariffs would not hurt U.S. consumers. “Wilbur...
  • Trump 'likely' to announce new China tariffs as early as Monday

    09/16/2018 6:00:25 AM PDT · by cba123 · 10 replies
    Yahoo ^ | September 15 2018 | By David Shepardson
    WASHINGTON (Reuters) - U.S. President Donald Trump is likely to announce new tariffs on about $200 billion on Chinese imports as early as Monday, a senior administration official told Reuters on Saturday. The tariff level will probably be about 10 percent, the Wall Street Journal reported, quoting people familiar with the matter. This is below the 25 percent the administration said it was considering for this possible round of tariffs. Please see full article at the link.
  • China Car Sales Drop as Economic Woes, U.S. Trade War Hit Buyers

    09/10/2018 1:08:33 AM PDT · by Zhang Fei · 13 replies
    Bloomberg | September 10, 2018, 2:24 AM CDT | Ying Tian, Yan Zhang, and Prudence Ho
    Bloomberg link only
  • Trump tells Apple to make products in U.S. to avoid China tariffs

    09/08/2018 3:36:09 PM PDT · by 2ndDivisionVet · 63 replies
    Reuters ^ | September 8, 2018 | Christopher Bing
    U.S. President Trump tweeted on Saturday that Apple Inc (AAPL.O) should make products inside the United States if it wants to avoid tariffs on Chinese imports. The company told trade officials in a letter on Friday that the proposed tariffs would affect prices for a “wide range” of Apple products, including its Watch, but it did not mention the iPhone. Trump, speaking on Friday aboard Air Force One, said the administration had tariffs planned for an additional $267 billion worth of Chinese goods. Trump tweeted that “Apple prices may increase because of the massive Tariffs we may be imposing on...
  • Trump ups ante on China, threatens duties on nearly all its imports

    09/08/2018 7:54:02 AM PDT · by E. Pluribus Unum · 30 replies
    al Rooters ^ | SEPTEMBER 7, 2018 / 9:04 AM / UPDATED 3 HOURS AGO | Steve Holland, David Lawder
    ABOARD AIR FORCE ONE/WASHINGTON (Reuters) - U.S. President Donald Trump warned on Friday he was ready to slap tariffs on virtually all Chinese imports into the United States, threatening duties on another $267 billion of goods on top of $200 billion in imports primed for levies in coming days. The moves would sharply escalate Trump’s trade war with Beijing over his demands for major changes in economic, trade and technology policy. China has threatened retaliation, which could include action against U.S. companies operating there. Hours after a public comment period closed on his $200 billion China tariff list, Trump told...
  • 'TRADE IS BAD': Trump's ...documents stolen off his Oval Office desk

    09/07/2018 3:12:29 AM PDT · by blueplum · 66 replies
    The Daily Mail UK ^ | updated 07 Sep 2018 00:26 EDT | Francesca Chambers, Geoff Earle And David Martosko
    that ended up in Bob Woodward's bombshell book in massive White House security breach Journalist Bob Woodward's book lays out how economic advisor took an unsigned memo to start pulling out of the deal from Trump's desk {snip} A letter stolen from Donald Trump's Oval Office desk by his top economic adviser to stop him from ending a trade deal with South Korea is published in full in Bob Woodward's bombshell book on the president.
  • EU Says It Is Open to More U.S. Beef Imports

    09/03/2018 6:23:11 PM PDT · by SpeedyInTexas · 8 replies
    WSJ ^ | 09/03/2018 | Valentina Pop
    Currently, Argentina uses up more than half of the 45,000 metric tons of high-end beef the EU can import yearly at a zero tariff rate. The U.S. and Canada had exported a total of 2,351.37 tons to the European Union this year by the end of July, according to the commission, the EU’s executive arm. That marks a considerable increase compared with the previous two years, when the U.S. and Canada combined exported fewer than 500 tons a year. The negotiations would discuss earmarking as much as 35,000 tons of that quota for U.S. producers, according to an EU diplomat...
  • US, Canada fall short of NAFTA deal, will resume talks next week

    08/31/2018 1:31:11 PM PDT · by yesthatjallen · 15 replies
    The Hill ^ | 08/31/18 | Vicki Needham
    The U.S. and Canada failed on Friday to reach a final deal on the North American Free Trade Agreement (NAFTA) despite long discussions this week. The two nations plan to take up where they left off on Wednesday. U.S. Trade Representative Robert Lighthizer said the "talks were constructive, and we made progress." "Our officials are continuing to work toward agreement," Lighthizer said. Meanwhile, the U.S. started the 90-day clock on the U.S.-Mexico agreement, with the intent to include Canada before time runs out. Without Canada a new NAFTA agreement won't get through Congress. Getting a deal done within three months...
  • Trump Scores and Wins Big in China Trade War

    08/27/2018 3:32:46 PM PDT · by davikkm · 16 replies
    IWB ^ | Chris Black
    Do you remember that old campaign adage, “you’ll get tired of winning”? It was a fun line to scream in the face of your liberal friends, yet I bet not so many Americans, even hard-core Trump fans, took it very seriously. However, not two years into his presidency, Trump is proving why is better to have a businessman as president, than a life-long politician or apparatchik who never made any money in the free market. Today’s news went under the radar, but this is as important as it gets. The thing about the Chinese is that they’re known for their...
  • 'Hello Enrique?' Trump's live Oval Office conference call with Mexican president about trade

    08/27/2018 11:37:20 AM PDT · by COUNTrecount · 14 replies
    Daily Mail UK ^ | August 27, 2018 | Geoff Earle
    'Hello Enrique?' Trump's live Oval Office conference call with Mexican president about trade - which ends with him telling southern neighbor's leader: 'A hug from you would be very nice' President Trump held a conference call with Mexico's president while reporters and cameras were in the Oval Office They were announcing a joint agreement on trade Mexico's President Pena Nieto congratulated U.S. negotiators including Trump son-in-law Jared Kushner At the end of the call he offered Trump an 'affectionate hug' Trump responded: 'A hug from you would be very nice' Then he mistakenly said the U.S. had 'made the deal...
  • HAPPENING NOW: Stock Market Hits an ALL TIME HIGH Following Trump's Successful NAFTA Deal

    08/27/2018 1:35:39 PM PDT · by · 87 replies ^ | August 27, 2018 | CNBC
    Thank you, President Trump! The stock market is soaring, thanks to Trump’s announcement that the U.S. and Mexico have reached a trade deal! CNBC Stocks jumped on Monday as the United States and Mexico closed a new trade deal. Investors also digested reassuring comments from Federal Reserve Chair Jerome Powell on the central bank's policy-tightening path. The Dow Jones Industrial Average rose 260 points as Caterpillar outperformed. The Nasdaq Composite climbed 1 percent to an all-time high, breaking above 8,000 for the first time, as Facebook, Amazon, Netflix and Alphabet rose. The S&P 500 gained 0.8 percent to hit a...
  • US, Mexico reach preliminary deal on NAFTA, Canada awaits

    08/27/2018 7:58:34 AM PDT · by yesthatjallen · 64 replies
    The Hill ^ | 08/27/18 | Vicki Needham
    The United States and Mexico are expected on Monday to announce that they have reached a preliminary deal on the North American Free Trade Agreement (NAFTA). U.S. and Mexican trade negotiators worked through the weekend and were meeting again on Monday morning at the Office of the U.S. Trade Representative to complete the deal on key provisions of the agreement. The next step is bringing Canada back into the talks to complete the modernization of the 24-year-old three-nation pact. President Trump has called NAFTA "the worst trade deal ever made" and said he would fix it so the United States...
  • Russia Offer To Lease 2.5 Million Acres To China In Siberia…Question Is, Will They Get It Back?

    08/19/2018 4:43:14 AM PDT · by Pavegecko · 38 replies ^ | 8/19/18 | L Todd Wood
    In an effort to thwart American efforts to punish Russia for malign behavior and confront the administration’s efforts to change China’s trade strategy, Russia has offered to lease 2.5M acres of land in the Russian Far East to China for agriculture development. 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...

    08/18/2018 6:37:17 PM PDT · by Hojczyk · 22 replies
    Powerline ^ | August 18,2018 | STEVEN HAYWARD
    Back in June Paul and I both noted the view of economist Irwin Stelzer, who is no fan of Trump, that Trump might in fact win a trade war with China, because Trump has the better poker hand. And I concluded, “File this one away for further reference.” Well lookie here, on the front page of the Wall Street Journal today: U.S., China Plot Road Map to Resolve Trade Dispute by November Chinese and U.S. negotiators are mapping out talks to try to end their trade standoff ahead of planned meetings between President Trump and Chinese leader Xi Jinping at...
  • China Buckles, Sends Trade Delegation to Washington to Seek End of Trade War

    08/16/2018 3:42:54 PM PDT · by mandaladon · 42 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....
  • China's communist leaders reportedly starting to buckle under pressure of Trump's trade war

    08/10/2018 3:38:21 PM PDT · by 2ndDivisionVet · 24 replies
    Business Insider ^ | August 10, 2018 | Ben Blanchard and Kevin Yao, Reuters
    A growing trade war with the United States is causing rifts within China's Communist Party, with some critics saying that an overly nationalistic Chinese stance may have hardened the US position, according to four sources close to the government. Chinese President Xi Jinping still has a firm grip on power, but an unusual surge of criticism about economic policy and how the government has handled the trade war has revealed rare cracks in the ruling Communist Party. A backlash is being felt at the highest levels of the government, possibly hitting a close aide to Xi, his ideology chief and...
  • Ship carrying US soybeans circles outside China for month after tariffs

    08/09/2018 5:39:02 AM PDT · by mac_truck · 28 replies
    The Hill ^ | 8/8/18 | JACQUELINE THOMSEN
    A cargo ship carrying American soybean exports has reportedly been stuck in the Pacific Ocean off China for a month after failing to arrive at the country before a 25 percent tariff on the good was implemented. The Peak Pegasus had rushed to sail from the U.S. to China last month, ahead of the tariff start date of July 6. But The Guardian reported Wednesday that the ship arrived just past the deadline, and has been stuck outside China since. The ship is owned by JP Morgan Asset Management, while the cargo belongs to global merchant Louis Dreyfus, The Guardian...
  • Trump’s Political Tariff Bureaucracy

    08/08/2018 6:27:13 PM PDT · by reaganaut1 · 28 replies
    Wall Street Journal ^ | August 6, 2018
    Tariffs are taxes, which distort investment and limit growth. And like taxes, when tariffs are high they create a political incentive for exemptions and favoritism. Behold the Commerce Department’s new and tortuous process for reviewing exemptions to steel and aluminum tariffs. This is everything Republicans typically claim to hate. *** First, companies must submit a request attesting that their imports aren’t made in the U.S. in “a satisfactory quality” or “sufficient and reasonably available amount.” Companies must state the uses for their steel product, their average annual consumption of the product, as well as the number of days required to...
  • Farmers Backed Trump But Suffer from His Trade War

    08/08/2018 8:58:59 AM PDT · by SeekAndFind · 50 replies
    Townhall ^ | 08/08/2018 | Steven Hilding
    President Donald Trump is clearly concerned about the plight of American farmers. He pushed the Department of Agriculture to make available up to $12 billion of temporary relief to those farms caught in the middle of his tariff war – starting this Labor Day. It’s laudable that he wants to address this problem, but let’s remember that it was a problem of his own creation. America is a breadbasket to much of the world because of our exceptional farmland. We have about two-and-a-half times as much arable land as does China, for instance, with about the same landmass. That means...