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Keyword: trumptrade

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  • 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...
  • Trump takes victory lap after NAFTA deal [NAFTA replacement]

    10/01/2018 8:53:40 AM PDT · by yesthatjallen · 101 replies
    The Hill ^ | 10/01/18 | JORDAN FABIAN
    President Trump on Monday took a victory lap after his administration secured a last-minute deal with Canada to salvage the three-nation North American Free Trade Agreement (NAFTA). Surrounded by top administration officials in the White House Rose Garden, Trump called the re-worked agreement "the most important trade deal we've ever made by far." The president said it fulfills his campaign pledge to replace NAFTA, which he called "perhaps the world trade deal ever made." "Today, we have kept that promise" he said. "Truly historic news for our nation and indeed the world." Trump claimed the deal validates his hard-line stance...
  • Trump Disrupts Democrat War on U.S. Workers With New NAFTA Deal

    10/01/2018 5:03:41 AM PDT · by EyesOfTX · 8 replies
    DB Daily Update ^ | David Blackmon
    Today’s Campaign Update (Because The Campaign Never Ends) Hey, remember when all the “experts” were telling you that President Donald Trump could not possibly successfully renegotiate the 25 year-old NAFTA deal? – Yeah, they were wrong about that, too. Donald J. Trump ✔ @realDonaldTrump Late last night, our deadline, we reached a wonderful new Trade Deal with Canada, to be added into the deal already reached with Mexico. The new name will be The United States Mexico Canada Agreement, or USMCA. It is a great deal for all three countries, solves the many...... 5:30 AM - Oct 1, 2018 32.5K...
  • More than 6-in-10 Midterm Voters Support Trump’s Tariffs on Imports

    09/21/2018 6:40:21 AM PDT · by davikkm · 6 replies
    breitbart ^ | JOHN BINDER
    More than 6-in-10 midterm voters support President Trump’s tariffs on imports, designed to protect American jobs and industry while forcing multinational corporations to bring manufacturing back to the United States. Just as Trump has imposed an additional $200 billion worth of tariffs on foreign products imported from China, about 63 percent of midterm voters said they either support the protective tariffs or would like to give them more time to work. The poll — conducted for the Alliance for American Manufacturing by The Mellman Group, Inc. and Public Opinion Strategies — found overwhelming support for Trump’s economic nationalist agenda among...
  • Alibaba Founder Jack Ma Predicts the US – China Trade War Could Last 20 years

    09/20/2018 9:15:04 AM PDT · by SeekAndFind · 28 replies
    American Thinker ^ | 09/20/2018 | By Tarric Brooker
    As the latest salvos were fired in the growing trade war between the United States and China, concerns continue to mount in the business community about how just how long the conflict might endure. Alibaba group founder and China’s richest man Jack Ma recently spoke to an investor summit in Hangzhou, China regarding his thoughts on the direction the trade war may take. In his speech, Ma said the trade war was “going to be a mess,” and that regarding its potential duration it could last for “maybe 20 years.” Ma went on to compare the current trade dispute...
  • Stocks Jump Higher as Trump Escalates Trade War

    09/18/2018 3:42:47 PM PDT · by User900 · 6 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.