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Keyword: sanctions

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  • Huawei boss defends US companies against rising Chinese nationalism

    05/23/2019 12:11:59 PM PDT · by SeekAndFind · 11 replies
    South China Morning Post ^ | 05/23/2019 | Mimi Lau
    Huawei Technologies founder Ren Zhengfei has moved to quell a rising tide of nationalistic fervour in China against US firms, including Google and Intel, following last week’s blacklisting of the world’s No 2 smartphone maker by the Trump administration. Speaking to mainland media outlets on Tuesday, Ren cautioned Chinese media and consumers against equating buying decisions with patriotism and called for an end to criticism of US corporations. In a global setback for Huawei’s 5G technology, US President Donald Trump also signed an executive order barring US companies from using telecommunications equipment made by firms posing a national security risk...
  • John Deere, Farmers Feel Effects Of Trade War With China, Earnings Down

    05/19/2019 5:25:21 AM PDT · by SeekAndFind · 48 replies
    Hotair ^ | 05/19/2019 | Karen Townsend
    When we read about farmers feeling the pinch in their profits due to the trade war with China, we think of farms and crops. A part of the economic story sometimes overlooked is that of companies who depend on agricultural sales, the companies that service farm communities, like Deere & Co. It was announced Friday that the company’s quarterly earnings missed Wall Street expectations. The agricultural equipment manufacturer is feeling the effects of the trade war between the U.S. and China. Since the beginning of the year, Deere stocks have declined 2% and nearly 1% in the past twelve...
  • US terminates Turkey's preferential trade agreement

    05/16/2019 8:46:18 PM PDT · by topher · 4 replies
    Jersalem Post ^ | 17-May-2019 | Reuters
    WASHINGTON- The United States on Thursday terminated Turkey's preferential trade treatment under a program that allowed some exports to enter the country duty free, but it has halved its tariffs on imports of Turkish steel to 25%. The White House said it was appropriate to terminate Turkey's eligibility to participate in the Generalized System of Preferences (GSP) program, based on its level of economic development. The decision was effective May 17, it added.The U.S. Trade Representative (USTR) in early March said Turkey was no longer eligible to participate because it "is sufficiently economically developed." It had begun reviewing the NATO...
  • Democrats Try Wooing Ones Who Got Away: White Men

    05/20/2019 12:16:12 PM PDT · by GuavaCheesePuff · 68 replies
    The New York Times ^ | March 2, 2014 | Jackie Calmes
    ROYAL OAK, Mich. — Frank Houston knows something about the longtime estrangement of white men from the Democratic Party. His family roots are in nearby Macomb County, the symbolic home of working-class Reagan Democrats who, distressed by economic and social tumult, decided a liberal Democratic Party had left them, not the other way around. Mr. Houston grew up in the 1980s liking Ronald Reagan but idolizing Alex P. Keaton, the fictional Republican teenage son of former hippies who, played by Michael J. Fox on the television series “Family Ties,” comically captured the nation’s conservative shift. But over time, Mr. Houston...
  • Apple CEO Tim Cook’s Message to 2019 Graduates: ‘My Generation Has Failed You’

    05/20/2019 10:51:40 AM PDT · by conservative98 · 72 replies
    Observer ^ | • 05/20/19 12:17pm | Sissi Cao
    On Saturday, Apple CEO Tim Cook, who was recently acclaimed as an even better leader than the legendary Steve Jobs, carved out a morning from his very busy schedule to deliver a commencement speech for the 2019 graduates of Tulane University in New Orleans. [cut] But as soon as Cook stepped up to the podium on Saturday, his message to Tulane’s graduates became the very opposite of what was expected of him—instead of presenting himself as a role model for the young graduates in the audience, Cook encouraged them to challenge older generations’ successes and to find their own. “In...
  • Iran Can't Pay Islamic Terrorists After Trump's Sanctions

    05/20/2019 10:50:07 AM PDT · by detective · 27 replies
    Front Page ^ | May 19, 2019 | Daniel Greenfield
    Under Obama, Americans were struggling to find work while he illegally shipped billions of dollars in taxpayer money to the Islamic terrorists of Iran. Under Trump, the terrorists are losing their jobs while Americans are gaining them. Since President Trump introduced sweeping new restrictions on trade with Iran last year, raising tensions with Tehran that reached a crescendo in recent days, Iran’s ability to finance allies such as Hezbollah has been curtailed. Hezbollah, the best funded and most senior of Tehran’s proxies, has seen a sharp fall in its revenue and is being forced to make draconian cuts to its...
  • Trump: Fighting the US Will Be 'Official End of Iran' In-Depth Coverage

    05/20/2019 8:04:40 AM PDT · by robowombat · 25 replies
    VOA News ^ | May 19, 2019
    Trump: Fighting the US Will Be 'Official End of Iran' In-Depth Coverage By VOA News May 19, 2019 President Donald Trump has given a strong warning to Iran, threatening its destruction if it attacks the United States or U.S. interests. "If Iran wants to fight, that will be the official end of Iran," Trump tweeted Sunday. "Never threaten the United States again!" Just three days earlier, Trump appeared to be backing away from his apparently hawkish stance against Iran, saying he would be willing to talk with Tehran. When asked by a reporter at the White House if the U.S....
  • Vast gasoline lines form in oil-rich Venezuela

    05/20/2019 8:52:13 AM PDT · by McGruff · 26 replies
    AP ^ | 5/19/2019 | SCOTT SMITH and SHEYLA URDANETA
    U.S. sanctions on oil-rich Venezuela appear to be taking hold, resulting in mile-long lines for fuel in the South American nation’s second-largest city, Maracaibo. Some drivers said they’d had to wait almost 24 hours to fuel up, and people have been grabbing catnaps on the hoods of cars or in truck beds. ... The U.S. sanctions essentially cut off Maduro’s government from its Houston-based subsidiary Citgo, depriving officials of an estimated $11 billion in hard currency from exports this year. U.S. officials say this cash flow long bankrolled what they call Maduro’s “dictatorship.”
  • Steve Hilton's Interview with President Trump on Fox News

    05/19/2019 8:31:33 PM PDT · by Candor7 · 16 replies
    YouTube ^ | Steve Hilton
    If you missed the live broadcast on Fox News Channel, you can catch it here.
  • Multiple Polls: Trump Popularity Soars to Highest Level, Trust In Media Tanks To Lowest

    05/16/2019 1:26:12 PM PDT · by Liberty7732 · 27 replies
    The events in the above headline are not unrelated. Once the literally “no news” two-year news cycle of Trump-Russia collusion ended with the thump of the Mueller report finding no collusion and not recommending any obstruction of justice charges, it turns out Americans are OK with President Trump. More than OK. The Zogby Poll has Trump’s job approval at 51%, 3 points above Obama’s in the same poll at the same point in his first term. Again, it cannot be said enough, this is after two years of media hyperventilating over something that did not happen. Maybe more interesting: A...
  • Trump's Strategy in the China Trade War

    05/19/2019 5:07:18 PM PDT · by WWII_Historian · 5 replies
    American Thinker ^ | May 19, 2019 | Gary Gindler
    The best tariff (tax on imported goods) equals zero — at least this is what standard economic theory says. However, such a rule is valid only when both trading partners are set at zero. If either side moves one iota above zero in tariffs, it makes its population pay for that move. So what happens when one party does not respond to an unfriendly move from zero to some non-zero tariff? In a short time frame, it hurts the side that makes such a move, but in the long run, it could eventually bankrupt businesses on the other side and,...
  • NY Times: Venezuela’s Economic Devastation Comparable To Countries Destroyed By War

    05/18/2019 7:09:31 AM PDT · by FtrPilot · 20 replies
    HotAir ^ | May 17, 2019 | JOHN SEXTON
    Democratic socialism is working in Venezuela. It’s working to make everyone miserable and hungry. The sign in the photo reads: “Maduro is hunger.” The NY Times reports the economic decline Venezuelans are now experiencing is unsurpassed in the past 45 years outside of countries in the midst of war:
  • The cost of Trump's bailout program for farmers is poised to more than double

    05/17/2019 10:14:30 AM PDT · by MAGA_patriot · 21 replies
    Marker Insiders ^ | 5/17/2019 | Gina Heeb
    President Donald Trump is trying to save farmers from the trade disputes he started last year. But even with bailout spending poised to more than double, many have grown frustrated at the prospect of relying on government aid. After trade negotiations between Washington and Beijing fell apart last week, the Trump administration said it was expediting plans to offer farmers a second round of aid. Both sides vowed to raise tariffs, which have sent American agricultural prices and exports sharply lower. While details on the plan haven't yet been made available, Agriculture Secretary Sonny Perdue said this week it was...
  • Trump Tweet concerning Iran

    05/17/2019 9:51:57 AM PDT · by McGruff · 14 replies
    Twitter ^ | 5/17/20129 | Donald Trump
    The Fake News Media is hurting our Country with its fraudulent and highly inaccurate coverage of Iran. It is scattershot, poorly sourced (made up), and DANGEROUS. At least Iran doesn’t know what to think, which at this point may very well be a good thing! 9:44 AM · May 17, 2019
  • Chinese companies moving to Vietnam keep quiet on trade war to avoid wrath of authorities

    05/16/2019 11:56:47 AM PDT · by SeekAndFind · 18 replies
    South China Morning Post ^ | 05/16/2019 | He Huifeng
    Chinese state media may have launched a fierce propaganda campaign, placing the blame for the trade war squarely at the feet of the US government. But many manufacturers in China are keeping their heads below the parapet, for fear of reprisals from both inside and outside the country. Interviews reveal that many factory owners and operators feel that they are caught in the middle of forceful rhetoric from both sides in the trade war. And rather than face direct retaliation from officials, workers and suppliers in their home market, they are deciding to keep their counsel. Those companies that plan...
  • Williams-Sonoma CEO says the company saw tariff hikes coming, hired more US workers

    05/14/2019 5:26:58 PM PDT · by tcrlaf · 32 replies
    CNBC ^ | 5-13-2019 | Tyler Clifford
    Williams-Sonoma CEO Laura Alber said Monday that the company shuffled its operations over the past year in anticipation of high tariffs on imports from China. The home goods retailer made adjustments over the past year believing that tariffs on Chinese imports could reach 25%. “I think that you’re better off preparing for the worst,” she said in a one-on-one interview with “Mad Money” host Jim Cramer Monday in San Francisco. “Unfortunately that pessimism has come true, and we are more prepared.” Williams-Sonoma shifted some furniture production to Vietnam, Indonesia and the United States after President Donald Trump slapped 10% duties...
  • Billionaire Koch Brothers Rail Against Trump: U.S. Must Eliminate All Tariffs

    05/15/2019 8:56:44 PM PDT · by E. Pluribus Unum · 47 replies
    Breitbart ^ | 15 May 2019 | John Binder
    The Koch brothers’ — the billionaire plutocrats and GOP mega-donors — network of organizations are railing against President Trump’s tariffs on China to protect American workers and U.S. industry. This month, Trump hiked tariffs to 25 percent on about $200 billion worth of Chinese manufactured goods. Trump has also ordered trade officials to begin reviewing the process of increasing tariffs to 25 percent on an additional $300 billion worth of Chinese goods. In the wake of the latest round of tariffs, the Koch brothers’ organizations like the Americans for Prosperity (AFP) and the Libre Initiative demand that the Trump administration...
  • Top Obama officials aid Chinese firm ('Huawei') targeted by Trump order....

    05/15/2019 10:28:32 PM PDT · by caww · 9 replies
    washingtonexaminer ^ | 5/16/2019 | Jerry Dunleavy
    Two former top Obama administration officials are working on behalf of Huawei, even as the Chinese telecom giant faces a Trump administration that increasingly sees it as 'a threat to national security'..... President Trump signed an executive order Wednesday likely aimed at limiting the influence of Huawei, ZTE, and other Chinese companies the U.S. intelligence community and law enforcement officials see as threats. But 'Samir Jain', 'Obama’s senior director for cybersecurity' policy for the National Security Council, registered as a lobbyist for Huawei in March 2019,.... and 'James Cole', who was Obama’s deputy attorney general from 2011 to 2015, has...
  • Trump's Trade War With China Could Cost the Average Family Up to $2,300 a Year, Report Estimates

    05/15/2019 12:27:29 PM PDT · by SeekAndFind · 109 replies
    TIME ^ | 05/15/2019 | BY MAHITA GAJANAN
    President Donald Trump’s trade war with China could cost the average American family of four up to $2,300 a year, according to a report on the effect of tariffs on the U.S. economy and workers. The study, by the economic consulting firm Trade Partnership Worldwide, assesses how tariffs will affect American consumers and the economy. According to the report, an average American family of four would pay $2,300 more in goods and services each year if Trump imposes a 25% tariff on all goods from China, as he has repeatedly threatened. If tariff levels remain where they are today, the...
  • Trump signs order to protect U.S. networks from foreign espionage, appears to target China

    05/15/2019 2:29:09 PM PDT · by Innovative · 28 replies
    Washington Post ^ | May 15, 2019 | Ellen Nakashima and Josh Dawsey
    Amid a deepening trade war with China, President Trump on Wednesday declared a “national emergency” to protect U.S. communications networks in a move that gives the federal government broad powers to bar American companies from doing business with certain foreign suppliers — including the Chinese firm Huawei. Trump declared the emergency in the form of an executive order that says foreign adversaries are exploiting vulnerabilities in U.S. telecommunications technology and services. It points to economic and industrial espionage as areas of particular concern. “The President has made it clear that this Administration will do what it takes to keep America...