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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...

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...

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.

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...

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...

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 - 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...

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...

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...

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 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....

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...

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...

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...

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...

Apple could be used as a 'bargaining chip' in the trade war, Chinese state media warns Apple has benefited from cheap labor and strong supply chain in China which has helped it boost profit and get to a $1 trillion valuation, the state-backed People's Daily said. The U.S. firm should share that money with Chinese citizens, the article urged. Apple could be the target of "anger and nationalist sentiment" amid the ongoing trade war. Apple has benefited from cheap labor and a strong supply chain in China and needs to share more of its profit with the Chinese people...

HAMBURG (Reuters) - China may have to start buying U.S. soybeans again in coming weeks despite the trade war between the two countries as other regions cannot supply enough soybeans to meet China’s needs, Hamburg-based oilseeds analysts Oil World said on Tuesday.

For decades, China has waged a trade war—targeting U.S. industries and stealing jobs from ordinary American workers. President Obama’s weakness on trade—along with the left’s obsession with identity politics—helped put Donald Trump in the White House. Now we have a leader who puts American workers first but his factious trade team appears clueless about how to bring effective pressure to win at negotiations or if necessary unilaterally reorder our trade with China to be fair. To prevail in any international confrontation—whether it is disarming North Korea, stifling Russian aggression or fixing trade aggression—the president needs to know the enemy, cultivate...

Why is Trump fighting the trade war? Here's why. Critics of Trump's trade policies think everything is okay if we don't do anything. The chart below shows that everything is not okay if we don't do anything. This is a chart of capital spending in the U.S. from 1968 through to the present. It is a straightforward presentation of monthly data from the Commerce Department. There is nothing clever, nothing tricky about this presentation or about the time frame chosen. The Commerce Department started this series in 1968. It superseded another series on capital spending. http://www.americanthinker.com/images/bucket/2018-08/208085_5_.jpg Source: U.S. Department of...