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Keyword: trade

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  • USDA Announces Support for Farmers Impacted by Unjustified Retaliation and Trade Disruption

    05/23/2019 5:25:06 PM PDT · by DakotaGator · 13 replies
    U.S. Department of Agriculture ^ | 05/23/2019 | USDA Press
    (Washington, D.C., May 23, 2019) – U.S. Secretary of Agriculture Sonny Perdue today announced that the U.S. Department of Agriculture (USDA) will take several actions to assist farmers in response to trade damage from unjustified retaliation and trade disruption. President Trump directed Secretary Perdue to craft a relief strategy to support American agricultural producers while the Administration continues to work on free, fair, and reciprocal trade deals to open more markets in the long run to help American farmers compete globally. Specifically, the President has authorized USDA to provide up to $16 billion in programs, which is in line with...
  • 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...
  • 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,...
  • 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...
  • Trump executive order enables ban on Huawei telecom gear

    05/18/2019 5:30:26 AM PDT · by Candor7 · 9 replies
    Al Jazeera ^ | 15 May 2019 | Al Jazeera Staff
    United States President Donald Trump signed an executive order on Wednesday to stop US companies from using telecommunications equipment made by technology firms that pose a national security risk. The order paves the way for a ban on doing business with China's Huawei, though it did not name specific countries or companies. Such action was under consideration for more than a year, but was repeatedly delayed. Under the International Emergency Economic Powers Act, the president has the authority to regulate business decisions in response to a clear national threat, and the "national emergency" declaration directs the US Department of Commerce...
  • US reaches deal to lift steel and aluminum tariffs on Canada and Mexico

    05/18/2019 10:38:59 AM PDT · by Monrose72 · 15 replies
    CNBC ^ | 18-05-19 | Kayla Tausche
    The United States has reached a deal to lift steel and aluminum tariffs on Canada and Mexico, removing one key obstacle to passing updates to the North American Free Trade Agreement. In a joint statement Friday, the Canadian and American governments said the U.S. will scrap the metals duties within two days. Canada will remove tariffs levied on American goods in retaliation for the steel and aluminum duties. The countries will also: Drop all pending litigation in the World Trade Organization related to the tariffs
  • Trump’s Trade War With China Is Taxing Missouri Farmers

    05/18/2019 4:38:33 AM PDT · by reaganaut1 · 34 replies
    Wall Street Journal ^ | May 17, 2019 | Blake Hurst
    ... Atchison County, my small farming community in northwest Missouri, is home to about 5,000 people. One hundred thousand acres of soybeans are planted here each year. The drop in soybean prices has meant a loss of around $100 in potential income on each of those acres. Atchison County farmers will be looking at a decline of $10 million in gross income this year, or about $2,000 per capita. We won’t be buying many Whirlpool washers. Supporters of the tariffs begin each conversation with a litany of Chinese wrongs. They say China ignores the rules governing international trade and is...
  • China’s currency is sending a warning signal about the trade war

    05/17/2019 12:49:25 PM PDT · by SeekAndFind · 24 replies
    CNBC ^ | 05/17/2019 | Patti Domm
    China’s currency has been an important barometer for progress in U.S.-Chinese trade talks, and right now it’s signaling that things aren’t going well. The question is whether that signal is intentional, and whether Chinese officials will step in to prevent the yuan from reaching a key psychological low of 7 to the dollar. That level has become a line in the sand for markets around the world, and if broken, it could trigger a negative reaction in risk markets globally, as investors move to price in a bigger economic impact from a longer, more contentious trade war. The yuan has...
  • US lifts steel and aluminum tariffs on Canada and Mexico

    05/17/2019 1:01:14 PM PDT · by SeekAndFind · 24 replies
    CNN ^ | 05/17/2019 | By Kevin Liptak, Paula Newton and Haley Byrd
    (CNN)President Donald Trump lifted steel and aluminum tariffs on Canada and Mexico on Friday, a move designed to ease one area of tensions even as the President's wider trade agenda faces an uncertain future. A joint statement from the US and Canadian governments said the tariffs would be lifted in two days, and added the two sides had agreed on monitoring and enforcement mechanisms to prevent steel dumping that might affect prices. The step clears a key hurdle for ratification of Trump's replacement for the North American Free Trade Agreement, though final passage of that pact remains uncertain as US...
  • 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...
  • Dow jumps more than 200 points, posts 3-day winning streak, boosted by bank shares and Walmart

    05/17/2019 8:25:21 AM PDT · by rktman · 11 replies ^ | 5/16/2019 | Fred Imbert
    Stocks rose on Thursday as sentiment was boosted by strong earnings from Walmart and Cisco Systems while banks climbed on higher rates. The Dow Jones Industrial Average closed 214.66 points higher at 25,862.68, led by Walmart and Cisco. The S&P 500 gained 0.9% to close at 2,876.32 while the Nasdaq Composite advanced 1% to 7,898.05. The major indexes also closed higher for the third straight day. Walmart shares rose 1.4% after the retailer posted first-quarter earnings for fiscal 2020 that topped analyst expectations. The company said it is in a “good position ” to meet its goals for 2019 despite...
  • 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...