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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...

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 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...

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...

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...

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...

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.

Bloomberg link only

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...