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Keyword: trade

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  • China's premier pledges further market opening as talk of trade war mounts (Time to move, Trump)

    03/20/2018 1:15:52 AM PDT · by cba123 · 7 replies
    Reuters ^ | 4 hours ago | By Kevin Yao
    China will open up its economy further, and its door to the outside will only get wider, with foreign and domestic firms allowed to compete on an equal footing, Premier Li Keqiang said at the close the country's annual parliament session on Tuesday. The familiar-sounding pledges from Beijing came as the prospect of a global trade war loomed in the wake of U.S. President Donald Trump imposition of hefty import tariffs on steel and aluminum earlier this month. (please see link, for full article)
  • Trump, Tariffs, and Textbook Protectionism

    03/19/2018 2:18:04 AM PDT · by cba123 · 4 replies
    China-US Focus ^ | Today | Sourabh Gupta
    In his seven-point economic plan to 'Make America Great Again', presidential candidate Donald Trump had promised to "use every lawful presidential power to remedy trade disputes if China [did] not stop its illegal activities, including its theft of American trade secrets." To this end, he enumerated an unusually detailed list of statutory and unconventional trade policy enforcement tools – Section 232 of the Trade Act of 1962; Section 201 and Section 301 of the Trade Act of 1974 – with which he would punitively sanction China. (this is a somewhat detailed article, I actually read it but especially wanted to...
  • "Libertarians, Trade, Tariff's, and Trump."

    03/17/2018 7:27:01 PM PDT · by Voption · 17 replies
    Defining Ideas (Hoover Institution) ^ | March 15, 2018 | Professor Richard Epstein
    Richard Epstein contrasts two recent actions by the Trump Administration — the imposition of tariffs on steel and aluminum, and the blocking of a foreign company’s attempts to take over an American tech firm — to demonstrate when national security concerns justify restrictions on trade ... and when they don’t.
  • Interstellar Trade Is Possible

    03/16/2018 9:36:20 PM PDT · by LibWhacker · 54 replies
    Tough SF ^ | 3/21/17
    Interstellar Trade Is Possible In this post, we will detail a method for developing interstellar trade using near-future technologies and commercially realistic requirements. We will then look at the various outcomes, challenges and development models that will follow the first interstellar operation. There is now a Summary at the end of the post. A tough taskTravel between stars is hard. The distances are measured in trillions of kilometers and the space between destinations is not really empty. Attempting the crossing at interplanetary speeds is ludicrously slow; the only way is to reach velocities measured in percentages of the speed of...
  • “We’ve been in a trade war for 30 years”: a former Trump trade adviser explains the case for tariffs

    03/15/2018 8:33:32 PM PDT · by cba123 · 8 replies
    Vox ^ | Mar 15, 2018, 8:10am EDT | By Emily Stewart
    For Dan DiMicco, the former steel executive and trade adviser to Trump who reportedly nearly became United States trade representative, there’s no risk of the president’s recently announced tariffs sparking a trade war — we’ve already been in one for years. The only difference now, he said, is that we’re deciding to fight back. “Don’t tell me about starting a trade war,” he said. “The Chinese have been perpetrating a trade war on us since 1995.” (please see full article at the link)
  • France to sue Google and Apple for 'abusive business practices'

    03/14/2018 10:21:48 PM PDT · by GoldenState_Rose · 8 replies
    EuroNews ^ | March 14, 2018 | Natalie Huet
    French Economy Minister Bruno Le Maire says it's "unacceptable" that Google and Apple unilaterally impose prices and other contractual terms on software developers, and that this is hurting France's startups. Le Maire predicted the tech giants could face sanctions amounting to millions of euros, according to AFP. It’s not the first time the French government clashes with Google. It has repeatedly criticised the company for paying little tax in France by transferring its revenues to a subsidiary in Ireland, where taxes are much lower. Wednesday's move comes amid growing fears of an international trade war pitting the United States against...
  • US seeks big trade surplus cut from China

    03/14/2018 7:55:21 PM PDT · by cba123 · 2 replies
    SBS News ^ | Updated 1 hour ago | Source: AAP
    The Trump administration has asked China to reduce its trade imbalance with the United States by $US100 billion even as it prepares tariffs on imports. (please see link for full article)
  • Tariffs: Trump’s Prelude to Ending Unfair Trade Practices

    03/14/2018 7:16:37 PM PDT · by cba123 · 3 replies
    The Epoch Times ^ | March 14, 2018 11:16, Last Updated: March 14, 2018 16:03 | By Emel Akan, The Epoch Times
    President Donald Trump’s new tariffs on imported steel and aluminum look like an effort that goes beyond its stated rationale of preserving national security. The tariffs could be the first of a number of initiatives by the Trump administration to retaliate against unfair foreign trade practices. “We’re going to see who’s treating us fairly, who’s not treating us fairly,” Trump said at the White House on March 8 while rolling out the new trade barriers. Trump signed orders imposing a 25 percent tariff on imported steel and a 10 percent tariff on imported aluminum. However, he has kept the doors...
  • US STOCKS-Dow sheds 250 pts as trade war worries weigh on industrials

    03/14/2018 7:05:29 PM PDT · by cba123 · 14 replies
    CNBC ^ | 10 hours ago | Sruthi Shankar
    March 14 (Reuters) - The Dow Jones Industrial Average shed more than 250 points on Wednesday as U.S. manufacturers continued to suffer from concerns over the impact of new tariffs on trade. (please see full article at the link)
  • Lies About Trade

    03/14/2018 9:10:10 AM PDT · by Kaslin · 26 replies ^ | March 14, 2018 | John Stossel
    Maybe Donald Trump is such a powerful communicator and pot-stirrer that other countries, embarrassed by their own trade barriers, will eliminate them. Then I will thank the president for the wonderful thing he did. Genuine free trade will be a recipe for wonderful economic growth. But I fear the opposite: a trade war and stagnation -- because much of what Trump and his followers say is economically absurd. "(If) you don't have steel, you don't have a country!" announced the president. Lots of things are essential to America -- and international trade is the best way to make sure we...
  • White House may impose tariffs on China next for intellectual property theft (CNBC)

    03/13/2018 10:28:41 PM PDT · by cba123 · 7 replies
    (CNBC) ^ | 10 hours ago | Spencer Kimball
    The White House is considering imposing a raft of tariffs and other punitive measures on China for alleged intellectual property theft, long a source of tension between the two countries, which are key trade partners. The Office of the U.S. Trade Representative submitted a proposal to the White House calling for tariffs on a range of Chinese products, restrictions on investment by Chinese companies in the United States, and limits on visas for certain Chinese nationals, according to the Nikkei Asian Review newspaper, citing a source familiar with international trade. (please see link for full article text)
  • Trump considers indefinite tariffs, investment restrictions against China: Source (CNBC)

    03/13/2018 10:13:01 PM PDT · by cba123 · 1 replies
    CNBC ^ | 8 Hours Ago | Updated 6 Hours Ago | Eamon Javers, Kevin Breuninger
    President Donald Trump's administration is considering a trade package including indefinite tariffs, investment restrictions and possible visa restrictions on Chinese travelers, a source told CNBC Tuesday. The new package was crafted in response to the findings from a recent investigation of China by U.S. Trade Representative Robert Lighthizer. The so-called Section 301 investigation was formed to determine whether China's practices were "unreasonable or discriminatory and burden or restrict U.S. commerce." The proposed package of penalties, which could foment a more adversarial trade relationship with China, comes amid a report from Reuters that theTrump administration is also seeking to impose heavy...
  • Some Things Are True Even if Trump Believes Them (Leftist NYT Op-Ed from Thomas Friedman)

    03/13/2018 5:36:14 PM PDT · by cba123 · 8 replies
    New York Times ^ | 03/13/2018 | Friedman
    One of the hardest things to accept for all of us who want Donald Trump to be a one-term president is the fact that some things are true even if Donald Trump believes them! And one of those things is that we have a real trade problem with China. Imports of Chinese goods alone equal two-thirds of the global U.S. trade deficit today. But while Trump’s gut instinct is right, he’s so ignorant about the facts, he’s so easily swayed by the last person he talked to or by ill-considered promises to his base, he’s so weirdly obsessed with protecting...
  • US eyes tariffs to punish China for intellectual property theft (Nikkei Asian Review)

    03/13/2018 5:24:10 PM PDT · by cba123 · 8 replies
    Nikkei Asian Review ^ | March 14, 2018 2:41 am JST | TAKESHI KAWANAMI, Nikkei staff writer
    WASHINGTON -- The U.S. is considering imposing tariffs on a wide range of Chinese products to punish the country for its intellectual property theft as President Donald Trump steps up his "America first" protectionist policy. Citing the possibility of imposing tariffs under Section 301 of the U.S. Trade Act, the government launched a probe in August to determine whether China's intellectual property practices are unfair. The law allows the president to enact tariffs as an emergency measure. In addition to intellectual property infringements such as counterfeiting, Washington takes issue with Chinese investment rules that force U.S. companies to transfer proprietary...
  • Why Trump is Right About Tariffs

    03/13/2018 12:21:08 PM PDT · by Thalean · 10 replies
    American Greatness ^ | March 6, 2018 | Spencer P Morrison
    President Trump is right. Our trading partners—particularly China, Japan, and Mexico—are taking America to the woodshed. Consider that China steals more than half a trillion dollars in American intellectual property every single year. This is one of the reasons America’s trade deficit with China is so massive. For example, in 2010 Chinese companies stole high-speed rail designs from American firms, thereby depriving them of hundreds of billions in potential revenues. Such theft occurs in nearly every industry, whether it’s software programs or branded consumer goods. And the worst part? We let it happen. The globalist GOP refuses to punish China...
  • Tech investors in Apple and other stocks are now in the crosshairs of trade war (CNBC, good read)

    03/12/2018 11:35:30 PM PDT · by cba123 · 5 replies
    CNBC ^ | 15 hours ago | Eric Rosenbaum
    Speaking on television last week, Trump's Commerce Secretary Wilbur Ross made an unusual statement about the White House tariff plans, specifically about carve-outs for Mexico and Canada. Ross called the administration's definition of national security something new and unusual itself. "It's not the conventional definition of national security," Ross said. It's clear from Trump's post-tax-cut shift to correcting imbalances in global trade — something Trump has cared about for a lot longer and with a lot more passion than tax policy — that an evolving definition of national security is a geopolitical and stock market risk. Panic, on either front,...
  • Lou Dobbs Trade and Tariff Discussion With Commerce Secretary Wilbur Ross…

    03/12/2018 7:13:19 PM PDT · by bitt · 7 replies
    U.S. Department of Commerce Secretary Wilbur Ross discusses the recently imposed steel and aluminum tariffs and America’s future trade relationships with all nations including the very protectionist European Union. Reminder: Regarding ‘European Union (EU) retaliation’, forget it; they won’t. The protectionist EU hypocrites simply cannot afford to go toe-to-toe with the U.S. on trade. The UK is in the process of formalizing their Brexit terms; the EU (essentially ‘Germany’) needs to find a way to make up for the lost revenue (billions in taxes) from the UK economy. Currently the UK pays Brussels approximately a billion per month on a...
  • China's February exports surge, trade surplus widens (not good, at all)

    03/11/2018 10:41:00 PM PDT · by cba123 · 9 replies
    AP / ABC ^ | March 8, 2018 | By joe mcdonald, ap business writer
    China's exports surged in February while its politically sensitive trade surplus widened amid mounting tension with Washington. Exports rose 44.5 percent over a year earlier to $171.6 billion, accelerating from January's 11.1 percent growth, customs data showed Thursday. Imports rose 6.3 percent to $137.8 billion, down sharply from the previous month's 36.9 percent rate. Please see full article, at the link)
  • I'm In Favor Of President Donald Trump's Tariffs, Says Jim Cramer (good points - CNBC interview)

    03/11/2018 10:25:15 PM PDT · by cba123 · 23 replies
    CNBC ^ | March 6, 2018 | Squawk on the Street
    I was a bit surprised to hear Cramer coming out in favor of the American tariffs. Here is the interview. It is actually just a short chip from the show. But I gotta hand it to Cramer, I liked this.
  • We've already been in a trade war: Majestic Steel CEO (from Fox Business)

    03/11/2018 10:12:50 PM PDT · by cba123 · 3 replies
    Fox Business News ^ | Published on Mar 6, 2018 | Majestic Steel CEO Todd Leebow
    This is a clip from Fox Business News. See the "trade war" possibility, from the standpoint of an American CEO in the steel business.