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Keyword: trumptrade

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  • China is losing the trade war in nearly every way.

    01/16/2019 8:00:32 AM PST · by dynoman · 23 replies
    Forbes ^ | 1-14-19 | Kenneth Rapoza
    China is still the world’s No. 2 economy and is still the monster of emerging markets, but regardless of those bonafides, Xi Jinping’s country is losing the trade war in nearly every way imaginable.
  • Stock markets plunge after Trump’s ‘Tariff Man’ tweet

    12/04/2018 1:35:29 PM PST · by SMGFan · 56 replies
    NYPost ^ | December 4, 2018
    Stocks took a nosedive on Wall Street as investors worried that a US-China trade truce reached over the weekend wasn’t all it was cracked up to be. The Dow Jones Industrial Average sank almost 800 points Tuesday. ------------------ The markets plunged after Trump unleashed a threatening tweet Tuesday morning. “President Xi and I want this deal to happen, and it probably will. But if not remember, I am a Tariff Man,” Trump tweeted.
  • Larry Kudlow: China Promises U.S. Trade Changes ‘Immediately’

    12/03/2018 5:39:14 PM PST · by Hojczyk · 8 replies
    Breitbart ^ | December 3,2018 | Michelle Moons
    National Economic Council Director Larry Kudlow announced Monday that during the G20 summit, the Chinese promised to make trade changes “immediately.” Kudlow told Breitbart News on a Monday press call that the timeline for this round of U.S.-China trade negotiations is going to move fast. He stressed that the credibility of the current discussion between the two nations will hinge on rapid movement. This is something the two sides discussed specifically at last week’s G20 Argentina meetings, including the meeting involving President Donald Trump and Chinese President Xi Jinping. He did not give a definitive timeline aside from indicating rapid...
  • Another Turbulent Week with Some Big Mysteries

    12/02/2018 9:12:12 AM PST · by jazusamo · 17 replies
    American Thinker ^ | December 2, 2018 | Clarice Feldman
    Still Winning This week the President signed a new trade deal with Mexico, Canada, and Argentina, a deal far more favorable to our interests than the now discarded NAFTA deal. In the same time frame, our master negotiator hosted the first trilateral meeting with Japan and India, which should also boost the economy and which includes defense and military purchases. Merry Christmas, Xi. Comey: Still a Loser On the home front, Mueller and Comey keep looking worse and worse. Previously, former FBI Director James Comey refused to answer 100 questions when he testified before Congress because the hearings were public....
  • Trump dims hopes of China trade deal with fresh tariff threat on Apple phones

    11/27/2018 6:32:48 AM PST · by cba123 · 18 replies
    Channel 2 News ^ | 11/27/2018
    President Donald Trump appears to be shutting the door on a temporary ceasefire in an ongoing tit-for-tat trade war with China just days ahead of an upcoming summit in Argentina. The President told the Wall Street Journal in an interview published Monday that it was "highly unlikely" he would accept an offer by Chinese leader Xi Jinping aimed at averting Trump's plan to raise tariffs on more than $200 billion of Chinese goods to 25% in January. He also warned once again he was poised to slap a third round of tariffs on Chinese goods if the two leaders fail...
  • Brexit: Trump says May's Brexit plan could hurt UK-US trade deal

    11/26/2018 11:25:21 PM PST · by Berlin_Freeper · 14 replies
    bbc.com ^ | November 27, 2018 | BBC
    Donald Trump has suggested Theresa May's Brexit agreement could threaten a US-UK trade deal. The US president told reporters the withdrawal agreement "sounds like a great deal for the EU" and meant the UK might not be able to trade with the US.
  • Trump’s long list of global trade deals, agreements exited or renegotiated

    11/21/2018 6:10:11 AM PST · by bgill · 2 replies
    kxan ^ | Nov. 21, 2018 | Hasan Duda
    President Donald Trump campaigned on deals. Making deals — like an Israel-Palestine peace accord. And breaking deals — like the Trans-Pacific Partnership and the Iran Deal, both of which he labeled disasters. Since entering the Oval Office in 2016, Trump — a self-professed negotiator —has delivered on many of his promises to abandon international pacts that previous administrations had authorized. As the United States plans for an early exit from a key, Cold War-era nuclear agreement with Russia, here is a look at some of the landmark international deals, partnerships, and organizations the Trump White House has spurned. The Trans-Pacific...
  • The Trump Curveball: This Is What China Didn't Expect (Gordon Chang)

    11/01/2018 8:01:42 AM PDT · by RoosterRedux · 16 replies
    nationalinterest.org ^ | Gordon Chang
    Xi, believing in the primacy of the Party and the power of the state, has marched China back to something resembling the systems created and maintained by Mao Zedong and Joseph Stalin. Xi has, for instance, been busy recombining already large state enterprises back into dominant market players and, in a few cases, formal state monopolies. He has increased state subsidies to favored participants and has placed a new emphasis on industrial policy, like his notorious Made in China 2025 initiative that seeks self-sufficiency in crucial sectors. He has tightened already strict capital controls, often enforcing unannounced rules. Moreover, Xi...
  • Dealing With China: Trump Chooses the Harder but Wiser Path

    10/27/2018 6:04:20 PM PDT · by SeekAndFind · 10 replies
    American Thinker ^ | 10/27/2018 | Aaron Hirschi
    Many experts are panicking about Trump's economic punishments against China.  They fear an economic downturn, a global depression, or even the worst case of open war.  For the libertarians, it's depriving entrepreneurs of the world's largest market.  For so-called realist and globalist foreign policy experts, it is irrational nationalism that unnecessarily endangers global prosperity and is best dealt with by trying to integrate China into the international system.  These cries of panic are crescendoing now that tariffs are coming into effect, CFIUS is being expanded, and Trump is increasing security controls throughout the economy. Now these pro-China critics are trying to actively undermine...
  • 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
  • No vote on USMCA until next year, McConnell says.....

    10/16/2018 1:22:44 PM PDT · by caww · 15 replies
    washingtonexaminer ^ | 10/16/2018 | Sean Higgins
    "That will be a next year issue because the process we have to go through doesn't allow that to come up before the end of this year,"... McConnell said on Bloomberg TV Tuesday. By process, McConnell was referring to Trade Promotion Authority, the law that governs submitting trade deals to Congress. Lengthy negotiations with Canada on the deal caused the White House to miss a deadline to get the current Congress, which expires at the end of the year, to vote on it. The deal can be voted on by the next Congress, however.
  • China spy busted: Who, again, started the China trade war?

    10/11/2018 7:36:31 AM PDT · by SeekAndFind · 1 replies
    American Thinker ^ | 10/11/2018 | Monica Showalter
    By Monica Showalter In what was hailed as a rare espionage victory against China, U.S. officials successfully extradited a Chinese intelligence official lured to Belgium back to the U.S. on charges of economic espionage. According to the New York Times: The extradition on Tuesday of the officer, Yanjun Xu, a deputy division director in China’s main spy agency, the Ministry of State Security, is the first time that a Chinese intelligence official has been brought to the United States to be prosecuted and tried in open court. Law enforcement officials said that Mr. Xu tried to steal trade secrets from...
  • 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.
  • 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...
  • 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...
  • The Trump way often works

    10/02/2018 9:20:54 AM PDT · by mandaladon · 8 replies
    Axios ^ | 2 Sep 2018 | Jim VandeHei, Mike Allen
    It drives the media, Democrats and more than half of America mad, but President Trump's unorthodox, jam-your-opponent style can be effective. What he's done: He erased NAFTA, as a word, and replaced the trade pact with a different name (the United States-Mexico-Canada Agreement, or USMCA) and better terms for America. Sure, he infuriated Canada and Justin Trudeau, but he delivered the goods. (And helped some farm-state candidates just before midterms.) Show less His tax cut, jammed through last year, continues to juice a red hot economy that has consumers confident, stocks soaring, joblessness sinking. His wild, improvisational press conferences and...
  • NAFTA Loophole Closed–Can/Mex Agree to U.S. Approval of Future Trade Agreements With Third Parties

    10/01/2018 6:05:05 PM PDT · by MaxistheBest · 4 replies
    The Conservative Treehouse ^ | 10/01/2018 | sundance
    I’m still going through the USMCA text (even speed reading, it will likely take a while); here’s the link to the AGREEMENT DETAILS. However, many people have asked about how the NAFTA loophole was being closed. Well, the answer is exactly what it had to be – there was really no option. The U.S. now has veto authority over any trade deal made by Canada and/or Mexico with third parties. This is what Ambassador Lighthizer described as the “Third pillar”. Last year, despite the inevitability of it, we didn’t think Canada and Mexico would agree to it. The NAFTA loophole...
  • Editorial: NAFTA narrowly survives Trump’s trade wars

    10/01/2018 3:24:39 PM PDT · by artichokegrower · 29 replies
    San Francisco Chronicle ^ | Sep. 30, 2018 | Chronicle Editorial Board
    The North American Free Trade Agreement reportedly reemerged from the ashes of President Trump’s trade hostilities late Sunday. While the details of the renegotiated deal were still trickling out, they appeared unlikely to justify months of manufactured drama that rattled markets, frayed alliances and hurt business.
  • Schumer: Trump 'deserves praise' for work to fix Mexico, Canada trade deal

    10/01/2018 2:18:20 PM PDT · by Liberty7732 · 51 replies
    Senate Minority Leader Chuck Schumer, D-N.Y., gave President Trump rare praise Monday for the renegotiated trade deal between the U.S., Mexico, and Canada announced earlier in the day. Schumer said that Trump "deserves praise" for taking "large steps" to improve the outgoing North American Free Trade Agreement, which Trump had derided for years as a "disaster." The new deal, known as the United States-Mexico-Canada Agreement, or USMCA, was reached late Sunday night between the three countries after months of negotiations. “As someone who voted against NAFTA and opposed it for many years, I knew it needed fixing. The president deserves...
  • Dow jumps more than 250 points after the US and Canada secure a deal to replace NAFTA

    10/01/2018 8:34:29 AM PDT · by Red Badger · 73 replies
    CNBC ^ | 10/01/2018 | Fred Imbert
    Stocks rose sharply on Monday as investors cheered news of Canada joining a trade deal with the United States and Mexico. The Dow Jones Industrial Average rose 264 points as American Express and Boeing outperformed. The S&P 500 gained 0.8 percent, led by 1 percent jumps in materials and industrials. The Nasdaq Composite advanced 0.7 percent as Amazon and Apple both climbed more than 1 percent. "The biggest risk factor [in the market] is a trade war and we've dialed that down a bit," said Mike Bailey, director of research at FBB Capital Partners. Bailey noted, however, the market may...