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Keyword: tariffs

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  • BOOM! China Moves to Lower Tariffs on US Cars from 40% to 15%

    12/11/2018 8:26:28 AM PST · by bitt · 30 replies
    GATEWAY PUNDIT ^ | 12/11/2018 | Jim Hoft
    HUGE ECONOMIC NEWS THIS MORNING— China moved to reduce tariffs on US cars from 40% to 15% in the latest sign of their willingness to negotiate a trade deal with President Trump.... ...Despite the Deep State DOJ’s best efforts to ruin the trade deal and punish Americans China is committing to a new trade agreement with the Trump administration.
  • Automakers rise on report of China moving to cut U.S. car tariffs

    12/11/2018 6:24:38 AM PST · by BenLurkin · 4 replies
    Rueters ^ | December 11, 2018 / 4:40 AM / Updated an hour ago
    China is moving to cut import tariffs on American-made cars to 15 percent from the current 40 percent, Bloomberg reported on Tuesday citing people familiar with the matter. The step hasn’t been finalized and could still change, according to the report. Shares of U.S. automakers including General Motors Co (GM.N) and Ford Motor Co (F.N) rose about 2 percent in premarket trading on hopes that the move could revitalize sales that took a hit when China ramped up levies on U.S.-made cars.
  • Trump’s Tough China Tack Wins Over Skeptical CEOs

    12/08/2018 8:08:05 AM PST · by SpeedyInTexas · 8 replies
    WSJ ^ | 12/08/2018 | John Stoll
    When President Trump first threatened to levy major tariffs on China, business leaders worried the administration was using the wrong weapon on the right target. It wasn’t the flood of washing machines coming in and the trickle of Fords going out that raised the ire of America’s CEOs. They wanted something done about counterfeiting, allegations that the Chinese were stealing U.S. intellectual property and investment rules Beijing leans upon that force technology transfers.
  • Trade Deficit on Track to Grow by $100 Billion Under Trump (Trump you were elected, on this)

    12/07/2018 4:31:14 PM PST · by cba123 · 57 replies
    Newsmax Finance ^ | December 7, 2018
    President Donald Trump is losing his war on the U.S. trade deficit and the evidence is growing that his own tariffs are at least part of the reason why. The U.S.'s monthly deficit in goods and services with the world reached its highest level in a decade in October while the deficit with China hit a record, according to data on Thursday. (please see link for full article) Pretty long, good article.
  • The sell-off started with a mysterious plunge overnight

    12/06/2018 10:26:51 AM PST · by BeauBo · 25 replies
    CNBC ^ | 6 Dec 2018 | Thomas Franck
    Speculation for the swell in volume and plunge in futures included the news of the arrest of the CFO of the Chinese telecom company Huawei. Traders also speculated that the selling could be attributed to a large fund or funds liquidating a position.
  • US markets plunge after arrest of Chinese tech executive

    12/06/2018 9:26:43 AM PST · by bitt · 39 replies
    The Hill ^ | 12/6/2018 | alexander bolton
    The Dow Jones Industrial Average plunged by almost 500 points Thursday morning, the first day of trading after U.S. authorities secured the arrest of a Chinese technology company executive, fueling fears that the trade war with China is heating up. News broke late Wednesday that Canadian law enforcement had arrested Meng Wanzhou, chief financial officer of Huawei Technologies, a major Chinese tech firm that has been linked to the Chinese military. U.S. officials have requested her extradition, citing a suspected sanctions violation.
  • The Ceasefire In Our Trade War With China Doesn’t Solve Deeper Problems

    12/05/2018 12:02:48 PM PST · by SeekAndFind · 9 replies
    The Federalist ^ | 12/05/2018 | Helen Raleigh
    The highly anticipated meeting between U.S. President Donald Trump and Chinese President Xi Jinping at the G20 summit concluded last Saturday evening with no major breakthrough. Pundits who had hoped for a good trade deal between the U.S. and China are surely disappointed.President Trump previously threatened to raise tariffs from 10 to 25 percent on about $250 billion worth of Chinese imports on January 1, 2019. Now he has agreed to hold off on the tariff hike while both the Americans and Chinese delegations engage in trade negotiations for the next 90 days.At present, President Xi has agreed not...
  • Stock futures higher after China affirms 90-day trade truce deadline

    12/05/2018 9:15:37 AM PST · by SoFloFreeper · 12 replies
    Fox Business ^ | 12/5/18
    U.S. equity futures rose Wednesday after Beijing acknowledged the 90-day deadline set by President Trump and Chinese President Xi Jinping to find a solution to the two nations' trade dispute.... ....gains come after the Dow Jones Industrial Average plummeted 799 points Tuesday in a massive equity rout that stemmed from worries...
  • 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.
  • Trump sends Dow Jones plunging nearly 800 points by tweeting 'I am a tariffs man' raising fears...

    12/04/2018 2:20:45 PM PST · by Morgana · 65 replies
    Daily Mail UK ^ | DECEMBER 4, 2018 | Francesca Chambers, White House Correspondent For Dailymail.com
    FULL TITLE: Trump sends Dow Jones plunging nearly 800 points by tweeting 'I am a tariffs man' raising fears his 'truce' with China will be followed by full-scale trade war and recession U.S. stock markets plummeted Tuesday as a series of tweets from President Donald Trump suggested a trade war with China could resume next year despite claims of a truce and a long-term deal between the two countries. The Dow Jones closed almost 800 points down at 25,027, a loss of 3.1 per cent of its value, while billions were also wiped off the value of the Nasdaq and...
  • More Anti-Trump Propaganda flowing out of the Main-stream Media - This times it's China.

    12/04/2018 9:14:49 PM PST · by vannrox · 11 replies
    Self | 5DEC18 | editorial staff
    It started with the Washington Post... The story (or narrative) from The Washington Post was about the "successful trade talks" between Donald Trump and Xi Peng in China. WaPo claimed that it wasn't true. They went on to say that the talks were all nonsense and confusion. They went ahead, quoting a former U.S. government official (unnamed, of course, but implied that he was an expert who was said to have been in contact with Chinese officials. This "expert" claimed that Beijing are “puzzled and irritated” by the Trump administration’s behavior, and widespread confusion across media claiming the 'truce' as...
  • POTUS Trump should be praised for his G-20 progress with China and here’s WHY

    12/02/2018 1:48:25 PM PST · by SleeperCatcher · 5 replies
    The National Sentinel ^ | 12/2/18 | USA Features
    Winning: As the usual suspects pick apart the high-profile meeting between POTUS Donald Trump and Chinese President Xi Jinping at the G-20 summit in Buenos Aries on Saturday, there were definitely some positive things — for both countries — that came out of it. Already Western pundits and commentators are downplaying what was discussed and, more importantly, what was agreed upon as little more than a reprieve: In exchange for POTUS holding off imposing 25-percent tariffs on $200 billion worth of Chinese goods come January 1, Beijing agreed to immediately begin “not yet agreed upon, but very substantial” amount of...
  • Trump to Hold Off on Tariff Hikes Against China, Negotiations Continue

    12/01/2018 7:58:46 PM PST · by conservative98 · 12 replies
    Breitbart ^ | December 1, 2018 | Kristina Wong
    The White House announced Saturday that President Trump has agreed not to further raise tariffs on $200 billion worth of Chinese imports from ten percent to 25 percent as he had previously threatened, after a dinner meeting at the G-20 summit with Chinese President Xi Jinping. In exchange, China will agree to purchase a “not yet agreed upon, but very substantial” amount of agricultural, energy, industrial, and other product from the U.S., to reduce the trade imbalance between the two countries, White House Press Secretary Sarah Sanders said in the statement. China has agreed to start purchasing agricultural product from...
  • G20: US and China 'will impose no new tariffs'

    12/01/2018 6:05:18 PM PST · by be-baw · 37 replies
    BBC ^ | December 1, 2018 | unattibuted
    Chinese state TV says agreement has been reached with the US not to impose any additional trade tariffs after 1 January and talks will go on. It made the announcement after US President Donald Trump met China's President Xi Jinping for the first time since a trade war erupted this year. Both a Trump adviser and Chinese media said earlier that talks after the G20 summit in Buenos Aires had gone well. At the summit earlier on Saturday, the G20 leaders agreed a joint declaration. The document notes divisions over trade but does not criticise protectionist activity...
  • 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...
  • Expect Trump to double down on the trade war with China (Short video, and article from Asia Times)

    11/24/2018 4:00:34 PM PST · by cba123 · 24 replies
    Asia Times ^ | November 20, 2018 and November 23, 2018 | William Pesek
    There are two links for this story. I started linking to the short video which I originally watched. It is from Asia Times. Basically it is almost an advertisement for the article. Runs about a minute and a half, although it mentions the major points from the article. Then there is an actual article in the Asia Times. I will also include a link to that article, for those who want to read the full thing.
  • Sherrod Brown sets his sights on Trump in 2020

    11/23/2018 10:21:24 AM PST · by C19fan · 32 replies
    Politico ^ | November 23, 2018 | Elana Schor
    Democrat Sherrod Brown just won reelection resoundingly in a Trump state running on Trump’s issues — taking a hard line on trade and helping blue-collar workers. Now the Ohio senator is talking increasingly like he’s prepared to take on the president himself.
  • US cos. are using an ingenious method to game the system and avoid the worst of Trump's trade war

    11/22/2018 8:55:35 PM PST · by cba123 · 11 replies
    Business Insider ^ | 16 hours ago | Will Martin
    Sorry I slightly altered the title, shortening the word "companies" to "cos." That change was made in order to actually post the article (FR limited the title in this case) Please see the original article, for the correct spelling. - American companies may be finding an ingenious way to skirt around the tariffs imposed by President Donald Trump on importing Chinese goods, as a means of avoiding the financial hit caused by the 25% taxes. According to a note from Paul Donovan, the global chief economist for UBS Wealth Management, some US firms are likely funnelling imports from China through...
  • Saudi Arabia defies Trump and warns of 1m barrels a day cut to crude oil output

    11/22/2018 9:59:51 AM PST · by Monrose72 · 25 replies
    IBTimes ^ | 2018-11-22 21:00 | Associated Press
    ABU DHABI, United Arab Emirates — OPEC and allied oil-producing countries will likely need to cut crude supplies, perhaps as much as 1 million barrels of oil a day, to rebalance the market after proposed U.S. sanctions on Iran failed to cut Tehran's output, Saudi Arabia's energy minister said Monday.
  • China flooded US with solar panels before Trump's tariffs (HUGE spike in imports, just before)

    02/19/2018 8:42:51 PM PST · by cba123 · 11 replies
    The Malaysian Reserve ^ | Monday, February 19th, 2018
    NEW YORK • Chinese suppliers flooded the US solar market with panels at the end of last year, as customers sought to avoid paying President Donald Trump’s 30% import tariff. Fourth-quarter deliveries from China were almost 11 times higher than in the first nine months of 2017, according to a report last Friday by Bloomberg New Energy Finance (BNEF). Manufacturers also hauled panels and cells across the border from Mexico, Canada and other countries to beat the import duties that were announced last month. (please see link for full article)