Keyword: trade

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  • Captains of German industry to accompany Merkel on Trump trip

    03/13/2017 7:38:57 PM PDT · by Berlin_Freeper · 63 replies
    Reuters ^ | March 13, 2017 | Georgina Prodhan
    Bosses of German companies including engineering group Siemens (SIEGn.DE) and carmaker BMW (BMWG.DE) will travel with Chancellor Angela Merkel to meet U.S. President Donald Trump this week, sources familiar with the matter told Reuters. Faced with Trump's "America First" policy and threats to impose tariffs on imported goods, the captains of industry will stress how many U.S. jobs are tied to "Deutschland AG". Trains-to-turbines group Siemens employs more than 50,000 people in the United States, its single biggest market, where it makes 21 percent of its total revenue, while BMW's South Carolina plant is its largest factory anywhere in the...
  • How Much Does Your State Need Foreign Trade?

    03/10/2017 3:05:03 PM PST · by TBP · 16 replies
    FEE (the Foundation for Economic Education) ^ | March 8, 2017 | Mark J. Perry
    sterday’s post on CD displayed two maps showing each US state’s largest country trading partner for exports and imports in 2016. In response to a comment on those state maps, the table below shows something that is potentially very interesting: the degree (importance) of international trade for each US state in 2015. The table shows GDP for each US state (data here), the total trade volume (exports + imports, data here), and the volume of international trade activities as a share of each state’s GDP in 2015, ranked from highest to lowest. Ignoring the District of Columbia, the average trade...
  • Commerce Sec. Wilbur Ross Hints At Brilliant NAFTA Negotiation Strategy – “Make Mexico Great Again"

    03/04/2017 7:34:32 AM PST · by onyx · 25 replies
    Oh, this guy is too good at this stuff. Lots of love for Wilbur the Wolverine.Commerce Secretary Wilbur Ross hints at a strategy for NAFTA renegotiation with Mexico that completely annihilates any leftist opposition, and simultaneously drops the greatest humanitarian narrative right in the lap of the globalists. Make Mexico raise their minimum wage.Currently the minimum wage in Mexico is 80 pesos per day. Around $4 per day, and the length of the workday is up to the hiring company. The minimum wage in the U.S. for an eight hour day is $58 ($7.90/hr x 8). Additionally, almost no-one...
  • Leaked Audio: Trump Cares About Food Safety But Only If the Food Is Foreign

    02/27/2017 11:37:24 PM PST · by Pinkbell · 14 replies
    Gizmodo ^ | February 27, 2017 | Brendan O'Connor
    President Donald Trump intends to intensify enforcement of food safety regulations as a cudgel in international trade negotiations, according to leaked recordings of a what appears to be a phone conversation between Trump and Wilbur Ross, his nominee for Commerce Secretary. During the conversation, which was recorded in December, the then-president-elect also advocated a 10 percent across-the-board tariff on all foreign imports, an issue on which his administration has adopted numerous different positions and which Speaker Paul Ryan has flatly rejected. The proposals came during an apparent phone conversation that was captured on video and provided to Gizmodo via SecureDrop,...
  • The EU Is Profiting From Trump: Swedish EU Commissioner

    02/27/2017 11:36:43 PM PST · by nickcarraway · 8 replies
    The United States' new hostility to free trade deals under President Donald Trump is benefiting the European Union, the bloc's top trade official said Tuesday. After Trump's withdrawal from the Trans-Pacific Partnership trade deal in late January, "many countries are now turning to us, because they believe protectionism is not the right answer," Swedish European Commissioner Cecilia Malmström told German business newspaper Handelsblatt. "We are already negotiating with almost all of them, or preparing conversations" with the countries around the Pacific Rim that had signed up to the US-led treaty, she went on. Since Trump's election, the Commission has sped...
  • "Mark Levin: No, President Trump, Bernie Sanders is DEAD WRONG on this. 'He's a communist!'

    02/27/2017 1:08:50 PM PST · by TakebackGOP · 70 replies
    Conservative Review ^ | 2/24/2017 | Phil Shiver
    "During his much-anticipated Friday morning speech at CPAC, President Donald Trump found common ground with “democratic socialist” Sen. Bernie Sanders. “Ya know, Bernie is right on one issue — trade,” Trump said to a crowd of excited conservatives. While there wasn’t a grumble in the room, at least not a noticeable one … there should have been. On his radio program Friday, Mark Levin took time to explain the lunacy of Trump’s statement and why conservatives need to differentiate themselves from this phony, so-called “nationalist-populist” movement."
  • America First – Production and Manufacturing…

    02/23/2017 1:36:18 PM PST · by HarleyLady27 · 38 replies
    The Conservative Treehouse ^ | Feb. 23, 2017 | Sundance
    REMINDER – One of the larger hurdles President Trump faces is a need to re-educate an entire generation on a fundamentally new vision of the U.S. economy. A return to a Pro-Main Street, goods-based, manufacturing, technology, innovation and industry driven economic model. Interestingly, many people have referenced a 1991 (25 years old) video of Donald Trump testifying before congress – as evidence of him being tuned in to political consequences of economic activity. The entire video is well worth watching because it gives you insight into a very specific moment in time as they discuss the ‘Reagan era’ 1986 tax...
  • Mexico Trade War Puts 1 in 33 California Jobs at Risk

    02/13/2017 2:21:15 PM PST · by nickcarraway · 10 replies
    It’s far more than just the supply of avocados that’s at risk in any U.S.-Mexico trade war, with these international deals linked to 3.25 percent of California employment, according to one study. WalletHub used government data to evaluate the relative levels of economic ties each state had to the $600 billion-a-year trade business with Mexico. President Donald Trump has harshly criticized Mexico’s government and its trade relations with the U.S., putting the economic ties between the two nations in jeopardy. To be kind, the ideas were poorly received south of the border. The international political banter overshadows big business that...
  • Trump Can Succeed On Trade By Ending Global Currency Manipulation

    02/11/2017 8:58:17 PM PST · by Tolerance Sucks Rocks · 14 replies
    The Federalist ^ | February 6, 2017 | George Gilder
    Folks, we have a consensus here. Formidable thinkers such as Paul Krugman, Larry Summers, and David Stockman, some 370 economists including 19 Nobel Laureates, and editors at the Economist, Fortune, and Barron’s all believe that Donald Trump as president is a menace to world trade and prosperity.President Trump has talked about 35 percent tariffs on foreign goods and an array of “border taxes,” such as the tariff with Mexico he proposed last week. He intends to name China a so-called “currency manipulator” on the basis of a mere bilateral trade gap. He’s denounced the North American Free Trade Agreement (NAFTA)...
  • Trump’s next trade target: Europe’s scooters and cheese

    02/09/2017 10:24:38 PM PST · by Ernest_at_the_Beach · 20 replies ^ | By Hans von der Burchard and Adam Behsudi 2/9/17, 4:27 PM CET Updated 2/9/17, 10:32 PM | By Hans von der Burchard and Adam Behsudi
    Washington has a prime opportunity to slap 100 percent tariffs on key EU exports. Iconic European products ranging from Roquefort cheese to Vespa scooters will soon be in Donald Trump’s sights.The billionaire property tycoon won the U.S. presidency on a highly protectionist agenda and vowed to slash the country’s eye-watering deficits with leading trade partners. While China and Mexico have borne the brunt of his early threats, he now has a prime opportunity to box out some of Europe’s most famous exports. Next Wednesday, the U.S. trade representative will hold a public hearing on slapping an eventual 100 percent import...
  • 2016 U.S. Merchandise Trade Deficit: $734,316,300,000

    02/07/2017 8:14:36 AM PST · by xzins · 91 replies
    CNS NEWS ^ | February 7, 2017 | Terence P. Jeffrey
    The United States ran a merchandise trade deficit of $734,316,300,000 in 2016, according to data released today by the Census Bureau. During 2016, the U.S. imported $2,188,940,500,000 in goods but exported only $1,454,624,200,000. The People’s Republic of China was the greatest contributor to the U.S. merchandise trade deficit for the year. The U.S bilateral merchandise trade deficit with China was $347,037,900,000. This deficit resulted from the U.S. importing $462,813,000,000 in goods from China while exporting only $115,775,100,00 in goods to China.
  • Why All Protectionists Are Essentially Luddites

    02/07/2017 4:56:55 AM PST · by Tolerance Sucks Rocks · 169 replies
    Foundation for Economic Education ^ | January 24, 2017 | Donald J. Boudreaux
    It’s well-known among people who bother to learn the facts that U.S. manufacturing output continues to rise despite the reality that the number of Americans employed in jobs classified as being in the manufacturing sector peaked in June 1977 and has fallen, with very few interruptions, ever since.Nevertheless, some people – for example, the Economic Policy Institute’s Robert Scott – continue to insist that the loss of manufacturing jobs in the U.S. is largely due to increased American trade with non-Americans. Other studies find empirical evidence that labor-saving innovation rather than trade is overwhelmingly responsible for the loss of manufacturing...
  • Trump's EU Ambassador: Trump Will Only Make Trade Deals With Nations, Not the EU

    02/06/2017 7:48:43 PM PST · by VitacoreVision · 27 replies
    The New American ^ | 06 February 2017 | Bob Adelmann
    Ted Malloch, President Donald Trump’s proposed ambassador to the European Union, made it clear on Sunday that the administration’s goal is to destroy the European Union. During an interview on BBC on Sunday, Malloch warned that the EU is in for a rude awakening: Whether the EU powers-that-be like it or not, Trump will only deal with countries on a nation-by-nation basis. That would effectively end the supposed underlying reason for the EU.Malloch said, “Trump won’t cow down to the powers that be. He’ll speak his mind even if it gets him in trouble or held in disregard for others....
  • Donald Trump set to negotiate new trade deal with Australia

    01/29/2017 10:23:14 PM PST · by Dundee · 22 replies
    The Australian ^ | 30 Jan 2017
    One of US President Donald Trump’s top trade advisers has raised speculation the US will attempt to negotiate a new free trade deal with Australia. Peter Navarro, director of Mr Trump’s White House Trade Council, named Australia and New Zealand as two nations the Trump administration will seek bilateral deals with. Australia already has a free trade agreement with the US, signed in 2004, but Mr Trump has repeatedly said he will look at every trade deal the US has signed and renegotiate them if he can get a better deal for American workers. Professor Navarro, in an interview with...
  • In fight with Trump, Mexico has plenty of ways to punch back

    01/29/2017 5:58:30 AM PST · by detective · 77 replies
    MSN News ^ | January 29, 2017 | Joshua Partlow, David Agren
    If the trade war is coming, how would Mexico fare? That is the question that has preoccupied politicians and business leaders here since President Trump won the election and began pursuing his agenda to impose tariffs on goods made in Mexico and to build a wall along the border. Trump has made clear his disdain for the North American Free Trade Agreement, which has governed commerce on the continent since 1994, and Mexican leaders have said that if the terms of the renegotiation did not further their interests, they might walk away, as well. A trade dispute could have painful...
  • There's no such thing as free lunch.

    01/28/2017 12:57:41 PM PST · by Jim Robinson · 23 replies
    January 28, 2017 | Jim Robinson
    Every conservative and every American worth his salt knows that there is no such thing as free lunch. And that big government does not make us more free. Too bad they get all balled up when they talk about globalism (big government on steroids) and free trade (government control of trade on steroids).
  • Trump’s Wall

    01/28/2017 9:37:13 AM PST · by Sean_Anthony · 10 replies
    Canada Free Press ^ | 01/28/17 | Dr. Ileana Johnson Paugh
    “Mexico has taken advantage of the U.S. for long enough" President Trump proposed a 20 percent tariff on imports from Mexico in order to pay for the wall he plans to build on the southern border. It is assumed that the 20 percent tariff is a negotiating starting point. A tariff is a tax on imports which will make a product more expensive and favor domestically produced goods over imports, while raising revenue for the government of our country. Tariffs were a major government revenue source during the eighteenth and nineteenth centuries but today we are a low tariff country,...
  • Rep. Ellison: Not Trump - ‘People Who Get The Credit’ For Ending TPP

    01/27/2017 1:45:20 PM PST · by ColdOne · 21 replies ^ | 1/27/17 | Eric Scheiner
    ( - Rep. Keith Ellison (D-Minn.) says it’s not President Trump but “the people who raised their voices” that deserve credit for the United States quitting the Trans-Pacific Partnership trade agreement (TPP). On Monday, President Donald Trump signed a memorandum removing the United States from TPP. “You didn’t like TPP, are you pleased with how swiftly Mr. Trump moved on it?” CNN’s Alisyn Camerota asked Ellison on Tuesday’s New Day program. “I'm pleased that the American people over the course of years raised up the problems with TPP and I'm glad that their voices got heard, even if it was...
  • Why Trade Schools Matter to Detroit

    01/27/2017 7:20:13 AM PST · by MichCapCon · 20 replies
    Michigan Capitol Confidential ^ | 1/22/2017 | Ben DeGrow
    Detroit Public Schools has emerged from a fiscal crisis and a heated legislative debate with a new, locally elected school board. But it still faces the challenge of preparing students for the real world. In its academic performance, the district has been at the very bottom of the nation’s report card for years. Following a contentious debate in 2016, the Legislature set aside $665 million to pay off accumulated district debt and jump-start the district under a new name. Even so, the superintendent recently confessed to The Detroit News that it will take eight to 10 years for the district...
  • Ex-Mexican President Vicente Fox mocks Trump: He's a 'child'

    01/27/2017 5:53:00 AM PST · by DCBryan1 · 50 replies
    CNBC ^ | 0729 CST 27 JAN 17 | Matthew J. Belvedere | @Matt_Belvedere
    Vicente Fox Trump acting like 'a child, a CEO': Vicente Fox 1 Hour Ago | 01:35 Former Mexican President Vicente Fox blasted President Donald Trump on Friday, calling him a "child" and mockingly referring to him as a corporate "CEO" rather than president of the world's most powerful country. In an interview on CNBC's "Squawk Box," the outspoken Fox said Mexico won't pay for the wall Trump wants to build along the border, "not now, not ever." Fox also said he doesn't believe Trump is an American "in his soul and his beliefs." He added he does not understand the...
  • Fiat Chrysler Ready To Move Pickup Trucks From Mexico If Trump Plays Cards Right

    01/26/2017 9:13:49 PM PST · by 2ndDivisionVet · 52 replies
    Forbes ^ | January 26, 2017 | Joann Muller
    The chief executive of Fiat Chrysler Automobiles said his company could quickly move production of Ram heavy-duty pickup trucks to Michigan from Mexico if President Donald J. Trump's "America First" economic plan provides enough incentives. "Properly motivated, it could be executed very quickly by FCA," possibly by 2019 or 2020, Sergio Marchionne told analysts during a conference call to discuss the company's record financial results for 2016. Automakers have been under pressure from the new Trump Administration to build more of their cars in the United States as part of the president's agenda to create more American jobs. But the...
  • Trump shifting power from Wall Street to Main Street

    01/26/2017 8:42:48 PM PST · by 2ndDivisionVet · 2 replies
    The Joplin Globe ^ | January 26, 2017 | Rachel Marsden
    PARIS — One of President Donald Trump’s first orders of business on his first Monday in office was to kill the Trans-Pacific Partnership deal with Asian nations that would have shipped American jobs overseas and dragged down the global value of labor to the benefit of Wall Street oligarchs. The move suggests that this administration is prioritizing the interests of the American worker over the containment of China. The TPP deal was supposed to be a twofold victory for the military-industrial complex: It would have implanted American interests in China’s backyard while increasing profits for Wall Street. One only needs...
  • Trump Greets U.K.'s May as World Leaders Look For Cues (Bloomberg Linkk)

    01/26/2017 11:30:59 AM PST · by Ernest_at_the_Beach · 7 replies
    Bloomberg ^ | January 25, 2017, 2:30 PM PST | by Robert Hutton and Margaret Talev
    Link Only!
  • Trump Threatens to Leave World Trade Organization

    01/26/2017 7:34:59 AM PST · by VitacoreVision · 50 replies
    The New American ^ | 02 August 2016 | Steve Byas
    The voters of the United Kingdom stood up for British national sovereignty with their recent decision to leave the European Union (EU), and now Republican presidential candidate Donald Trump is suggesting that he might take the lead in the United States leaving the World Trade Organization (WTO).When NBC’s Chuck Todd asked Trump on Meet the Press if his punitive tariff plan for businesses that leave the United States could be nixed by the WTO, Trump responded strongly, “It doesn’t matter. Then we’re going to renegotiate or we’re going to pull out. These trade deals are a disaster, Chuck. World Trade...
  • Restricting Trade Is Calamitous Policy

    01/25/2017 8:52:08 PM PST · by TBP · 176 replies
    The Foundation for Economic Education (FEE) ^ | Wednesday, January 25, 2017 | Cathy Reisenwitz
    In he Oval Office on Monday, President Trump signed an executive order formally ending the United States’ participation in the Trans-Pacific Partnership. The move was mostly symbolic, TPP was dead in Congress anyway. But signing this EO on his first full weekday in office signals that Trump is serious about two issues that are, sadly, tied to together: pulling out of trade agreements and replacing them with new barriers to international trade. Trump described withdrawing from the trade pact a “great thing for the American worker.” That’s likely as true as his press secretary’s inauguration attendance numbers. International trade has...
  • Why Trump’s trade policy is dangerously simplistic

    01/25/2017 4:49:51 AM PST · by artichokegrower · 96 replies
    Sacramento Bee ^ | January 24, 2017
    So far, President Donald Trump’s actions on trade display a dangerously simplistic view of the world and overconfidence in his own abilities as a dealmaker. Instead of putting America first, he is putting our economy and security at risk.
  • President Trump: 133 Food and Ag Organizations Ready to Work with You on Trade

    01/24/2017 2:45:13 PM PST · by 2ndDivisionVet · 5 replies
    Pork Network ^ | January 24, 2017 | Corn Refiners Association
    A total of 133 organizations and companies from the food and agriculture sector, which supports more than 15 million jobs nationally, sent President Donald J. Trump a letter this week expressing their eagerness to work with his Administration to modernize the North American Free Trade Agreement (NAFTA), while preserving and expanding the gains achieved to date. “U.S. food and agricultural exports have produced a trade surplus for nearly 50 years,” the letter notes. “Consistent growth over this period resulted in over $130 billion worth of exports, which created $423 billion in U.S. economic activity in 2015.” The letter also noted...
  • Ford CEO Mark Fields ‘Excited’ for Donald Trump ‘Renaissance in American Manufacturing’

    01/24/2017 12:11:53 PM PST · by monkapotamus · 10 replies
    Breitbart ^ | January 24, 2017 | Charlie Spiering
    “I think as an industry, we’re excited about working together with the president and his administration on tax policies, on regulation, and on trade to really create a renaissance in American manufacturing,” Fields told reporters after the meeting, according to the Detroit News. Fields also praised Trump’s decision to kill former President Obama’s Trans-Pacific Partnership trade deal, pointing out that it failed to address currency manipulation.
  • Union Leaders Praise President Trump After Meeting – Cheer for Removal of TPP

    01/23/2017 3:29:15 PM PST · by detective · 19 replies
    Conservative Treehouse ^ | January 23, 2017 | Sundance
    The America-First winning is exponential.   Union leadership met today with a pro-jobs, pro-growth, pro-USA president.  Leadership from construction/manufacturing, pipe fitters, steel workers and industrial machinist unions met today with President Trump and exit the meeting with incredible praise for the respect he showed them.
  • McCain: Trump's withdrawal from TPP a 'serious mistake'

    01/23/2017 12:54:28 PM PST · by bkopto · 128 replies
    The Hill ^ | 1/23/2016 | JORDAIN CARNEY
    Sen. John McCain (R-Ariz.) blasted President Trump on Monday, warning that his decision to withdraw from the Trans-Pacific Partnership (TPP) will spark a wave of negative consequences. “President Trump’s decision to formally withdraw from the Trans-Pacific Partnership (TPP) is a serious mistake that will have lasting consequences for America’s economy and our strategic position in the Asia-Pacific region," McCain said in a statement.
  • Accept President Trump and hold him accountable for promised change

    01/22/2017 11:41:54 PM PST · by 2ndDivisionVet · 23 replies
    The Seattle Times ^ | January 20, 2017 | The Editorial Board
    American elected a president who promised change. It’s time to start encouraging him to make changes that benefit everyone. ALTHOUGH it won’t be easy for some, it’s time for Americans to get used to the sound of President Trump. We must now accept his presidency and press him to follow through on his promises to grow the economy, strengthen America and revitalize its middle class. This will require faith and engagement. This editorial board, which endorsed Hillary Clinton for president, and other citizens will be challenged to look beyond Trump’s rhetoric — and troubling tweets — to assess actual policy...
  • Donald Trump plans new deal for Britain as Theresa May becomes first foreign leader to meet (tr)

    01/21/2017 11:14:48 PM PST · by monkapotamus · 18 replies
    The Telegraph ^ | January 21, 2017 | Christopher Hope and Ben Riley-Smith
    Donald Trump plans new deal for Britain as Theresa May becomes first foreign leader to meet new president since inauguration Donald Trump is planning a new deal for Britain this week as Theresa May becomes the first foreign leader to meet him since the inauguration... The new relationship - which comes with both countries redefining their roles in the world - is due to be cemented with a state visit for Mr Trump in the summer. The US President’s team has made clear he wants a “full Monty” visit that will eclipse the trips of his predecessors in pomp and...
  • British PM May Puts Britain First- Goes Hard Brexit

    01/19/2017 8:43:08 AM PST · by Sean_Anthony · 7 replies
    Canada Free Press ^ | 01/19/17 | Mitch Wolfe
    Brexit Britain and the U.S. tighter than ever. Welcome to the emerging new world order Taking a cue from soon to be President Donald Trump, British Prime Minister Theresa May put the economic and financial interests of Britons ahead of its relations with their fellow Europeans. May went hard Brexit, that is, a complete break from her European partners. No half measures.
  • S. Korea to remain firm against China's non-tariff barriers

    01/17/2017 7:22:07 PM PST · by TigerLikesRooster · 4 replies
    Yonhap News ^ | 2017/01/17
    S. Korea to remain firm against China's non-tariff barriers 2017/01/17 SEJONG, Jan. 17 (Yonhap) -- South Korea said Tuesday that it will take a firm stance against China's recent hostile movements against its businesses in apparent retaliation for welcoming a U.S.-owned missile system. "We will continue to object to the Chinese measures," Vice Trade Minister Woo Tae-hee said at a task force meeting to discuss pending trade issues between South Korea and China. His comments came as Beijing is heightening non-tariff barriers against South Korea as the Seoul government decided to deploy the U.S.-led missile system called Terminal High Altitude...
  • President-elect Trump raised the specter of a trade war... ...what he likely will

    01/17/2017 4:38:38 AM PST · by expat_panama · 2 replies ^ | Jan. 17, 2017 | JED GRAHAM
    Donald Trump won the Rust Belt and White House with help from his threats to slap tariffs on Chinese imports and goods shipped across the border from Mexico. Whether he’d make good on those threats became almost an after thought as his promised tax cuts, infrastructure spending and deregulation drove stocks higher after the election. But with the president-elect taking to the bully pulpit—like his Twitter posts threatening a “border tax” onToyota andGeneral Motors—the questions are bubbling to the surface, especially as his Jan. 20inauguration nears. What kind of protectionist measures can he get away with, for good or bad?......
  • President Obama's (Tentative) Economic Legacy

    01/17/2017 4:35:42 AM PST · by expat_panama · 15 replies
    Real Clear Markets ^ | January 17, 2017 | Robert Samuelson
    It is far too early to render final judgment on the Obama presidency. All the chatter about his "legacy" overlooks two obvious realities. The significance of Obama will depend heavily on events that have not yet happened (for starters, the fate of the Iranian nuclear deal) and comparisons, for better or worse, with his successor. Still, it's possible to make some tentative observations. As I've written before, the administration's greatest achievement was, in its first year, stabilizing a collapsing economy and arguably avoiding a second Great Depression. Even now, only eight years after the event, many people forget the crash's...
  • Trump to meet UK Prime Minister May about U.S.-U.K. trade pact

    01/16/2017 11:06:19 AM PST · by Old Teufel Hunden · 8 replies
    Washington Examiner ^ | 1/15/17 | Joel Gehrke
    President-elect Trump promised to negotiate a "fair" trade deal with the United Kingdom, softening the economic blow of the British decision to leave the European Union. "I love the UK," Trump told The Sunday Times in his first interview with the British press. "I will be ­meeting with" UK Prime Minister Theresa May. "She's requesting a meeting and we'll have a meeting right after I get into the White House and it'll be, I think we're gonna get something done very quickly." Trump's announcement is an expected reversal of President Obama's warning that the UK would be at the "back...
  • Donald Trump Promises Post-Brexit Britain a ‘Fair’ Trade Deal

    01/15/2017 6:02:55 PM PST · by E. Pluribus Unum · 6 replies
    NBC News ^ | 2017-01-15 | TIM STELLOH
    In his first interview with foreign media, President-elect Donald Trump said he planned to offer a "fair" trade deal to Britain "within weeks" of his inauguration. In a joint interview published Sunday in The Times of London and Germany's Bild, Trump said that he planned to make Britain's departure from the European Union "a great thing" and that he would meet with British Prime Minister Theresa May shortly after he is sworn in Friday. "We're gonna work very hard to get it done quickly and done properly," he told the papers, adding: "I love the UK." The comments come as...
  • Punishing Theft Does Not Violate Free Trade

    01/12/2017 2:36:27 AM PST · by expat_panama · 4 replies
    economics21 ^ | January 10, 2017 | Diana Furchtgott-Roth
    Many assert that President-elect Donald Trump is against free trade. But standing against the theft of intellectual property and old-fashioned mercantilism, as Trump has promised to do, is an appropriate role for the chief executive. Allowing other countries to cheat us is not free trade. America consistently outperforms the rest of the world in the sphere of intellectual property. People throughout the world identify with American art, music, software, and clothing designs, and benefit from American pharmaceuticals and patents. Yet American intellectual property is routinely stolen. Each year, the United States Trade Representative publishes a report entitled “Special 301 Report”...
  • Mexico says to seek broad negotiating strategy with Trump

    01/11/2017 6:39:10 PM PST · by Beautiful_Gracious_Skies · 40 replies
    Reuters ^ | January 11, 2017 | Carlos Jasso
    Mexico's government would throw its relationship with the United States wide open when it sits down for talks with the incoming U.S. administration, putting security, migration and trade on the table in search of a deal. ... President-elect Donald Trump has threatened to tear up a trade agreement that underpins Mexico's economic model if he cannot renegotiate its terms in his favor, battering the peso currency and fuelling uncertainty over foreign investment. However, President Enrique Pena Nieto said Mexico would take a broad approach to the talks, seeking a deal that would benefit both Mexico and its neighbor as...
  • Global Trade and the Ethical Supply Chain In High-Tech Markets

    01/11/2017 3:21:19 AM PST · by expat_panama · 4 replies
    Real Clear Markets ^ | January 11, 2017 | Portia M.E. Mills
    Media outlets and activists episodically highlight the ethical complexities of mineral supply chains that lie behind producing everything from electric cars to iPhones. The U.S. imports nearly a half-trillion dollars worth of tech products – computers, TVs, integrated circuits, and batteries – and another half-trillion worth of cars and machinery. All of these goods begin with raw materials increasingly sourced from places like the Congo, China, or Argentina. Most economists hold free trade as generally positive. But that doesn’t mean markets necessarily consider the ethical dimensions of trade decisions, especially when consumers are unaware of them. For several years now,...
  • Britain Booms After Brexit — Will Last Country To Leave EU Turn Out The Lights?

    01/09/2017 2:59:42 AM PST · by expat_panama · 16 replies
    Investors Business Daily ^ | 1/06/2017 | Editorial
    European Union: OK, quick: Of the seven major industrial nations, what country grew fastest last year? If you said Great Britain, you were dead right. Funny, because just last June after the Brexit vote, many experts were predicting a British collapse. Here's the reality: "Britain ended last year as the strongest of the world's advanced economies with growth accelerating in the six months after the Brexit vote," says The Times of London. Britain's economics community, not to mention its badly biased, anti-Brexit media, now have egg on their faces... ...dire prognostications of market disaster and a global meltdown never came......
  • Sears, Other Retailers Reel From Gales Of 'Creative Destruction'

    01/09/2017 2:58:45 AM PST · by expat_panama · 92 replies
    Investors Business Daily ^ | 1/05/2017 | TERRY JONES
    Sears. Macy's. Kohl's. Traditional department store retailers have taken hard hits over the Christmas holidays, with sales lagging the generally robust performance of retailers overall. Now, these mall stalwarts are slashing thousands of jobs and hundreds of stores, trying to right-size themselves. It's no coincidence. Sears on Thursday became the latest retailer to announce that it was restructuring... ...Macy's is letting 10,000 people go. And Kohl's warned about its decline in sales over the holidays. Analysts expect Kohl's to announce cuts. A few years back, it was discounter Wal-Mart, the biggest retailer on earth, announcing it was closing 100 stores....

    01/09/2017 2:57:26 AM PST · by expat_panama · 6 replies
    Census Br. ^ | Jan. 6, 2017 | Census. Br.
     The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $45.2 billion in November, up $2.9 billion from $42.4 billion in October, revised. November exports were $185.8 billion, $0.4 billion less than October exports. November imports were $231.1 billion, $2.4 billion more than October imports. The November increase in the goods and services deficit reflected an increase in the goods deficit of $3.4 billion to $66.6 billion and an increase in the services surplus of $0.5 billion to $21.4 billion. Year-to-date, the goods and services...
  • Canadians will eventually warm up to Trump. Until then, stop treating him like a monster

    01/06/2017 3:22:33 PM PST · by 2ndDivisionVet · 11 replies
    The National Post ^ | January 6, 2017 | Conrad Black
    An instant industry has developed in Canada about how to adjust to a Trump presidency, as if the nature of the United States has metamorphosed instantly and unrecognizably. Almost all of this concern is unnecessary. Donald Trump has never expressed any grievances against Canada, and his limited experiences here, from skiing in the Laurentians to putting his name on a few buildings for a good fee, (which some local idiots have threatened to take down and have made the subject of demonstrations), have been agreeable. Canada actually runs a modest trade deficit with the United States, and Trump has made...
  • Paul Ryan Just Surrendered On Two Big Issues

    01/06/2017 10:34:53 AM PST · by Robert DeLong · 60 replies
    American Patriot Daily ^ | 01/06/2017 | Not Listed
    But Texas Congressman Louie Gohmert revealed Ryan pledged to him he would not to move on either of those fronts. Breitbart reports: “House Speaker Paul Ryan and I had two substantive private discussions on the legislative agenda for the 115th Congress and came to an understanding,” Gohmert told Breitbart News. One Ryan promise that won his vote, said Gohmert, was Ryan’s support for the Hastert Rule, which forbids the House Republican leadership from holding votes on bills that are not supported by the majority of the House Republican Conference. That rules prevents the GOP leadership from quietly working with Democratic...
  • Trump Trade Rep Robert Lighthizer Is Free Trade Skeptic

    01/05/2017 8:59:39 AM PST · by VitacoreVision · 2 replies
    The New American ^ | 05 January 2017 | Steve Byas
    President-elect Donald Trump’s pick for the post of U.S. trade representative, Robert Lighthizer, is a free trade skeptic, who served as deputy U.S. trade representative under President Ronald Reagan.In May of 2011, Lighthizer wrote an opinion piece in the Washington Times in response to a possible Trump campaign — in 2012, in which he asked:Given the current financial crisis and the widespread belief that the 21st century will belong to China, is free trade really making global markets more efficient? Is it promoting our values and making America stronger? Or is it simply strengthening our adversaries and creating a...
  • Is Ford's Move A Cave-In To Trump Protectionist Talk, Or A Savvy Bet On Future?

    01/04/2017 3:53:27 AM PST · by expat_panama · 31 replies
    Investors Business Daily ^ | 1/03/2017 | Editorial
    Trade: Ford's decision to build a factory in the U.S. instead of Mexico, saving 700 jobs, is a good thing. But is it because Ford fears what Donald Trump might do to it, or because it thinks the corporate environment will be so much better under Trump than under Obama? And, yes, the answer really matters. Ford's move to invest $700 million in Michigan, creating about 700 new jobs here has created quite a political stir. The new plant, slated for Flat Rock, Mich., will make cutting-edge electric and self-driving cars, which Ford has said will likely outsell traditional cars...
  • Trump's team draws target on federal regulations

    12/31/2016 10:45:22 AM PST · by ducttape45 · 14 replies
    The Hill ^ | 12/31/2016 | Tim Devaney
    President-elect Donald Trump is stocking his administration with businessmen and regulatory reformers who are intent on cutting through what they see as red tape from Washington. Carl Icahn, the billionaire investor, will oversee the Trump administration’s regulatory reform efforts. He will be joined by several other Wall Street investors and corporate executives who have first-hand experience dealing with government rules. Here are six figures in the Trump administration poised to have an outsized role in scaling back regulations. Regulatory adviser Carl Icahn Trump created a new position in the White House for the billionaire investor to serve as a “special...
  • Battle Brewing for Soul of American Economy: Team Trump Girding for Fight <tr>

    12/25/2016 6:56:27 AM PST · by RoosterRedux · 17 replies
    breitbart ^ | MATTHEW BOYLE
    President-elect Donald J. Trump’s incoming administration is girding for battle with corporatists, globalists, and special business interests over his core policy objective of bringing U.S. manufacturing jobs that have been shipped overseas back to the United States, several senior advisers to Trump tell Breitbart News. “There is a big fight brewing over control of the American economy’s direction,” one of three senior advisers to the president-elect with intimate knowledge of the looming fight told Breitbart News. “Globalists, Wall Street fat cats and corporatists are fighting against President-elect Trump’s core message of returning the United States back to a major manufacturing...