Keyword: trade

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  • We Do Not Have a Trade Deficit, We have a capital surplus

    12/07/2016 8:34:45 AM PST · by SeekAndFind · 59 replies
    National Review ^ | 12/06/2016 | Kevin Williamson
    ‘Thank goodness for Kevin McCarthy!” isn’t something one says every day, but in the matter of President-elect Donald J. Trump’s backward and destructive plan to resurrect 19th-century tariffs, the gentleman from California is invaluable. Trump wants to impose 35 percent tariffs on . . . somebody. He does not seem quite sure. One of the reasons for that is that Trump has the question of trade deficits mixed up in his head with the question of offshoring and, like most Americans, he does not understand either of them very well. The president-elect, writing on Facebook (because that’s what presidents-elect...
  • Donald Trump Fires Tariff Warning Shot; Could It Backfire?

    12/06/2016 2:20:13 AM PST · by expat_panama · 56 replies
    Investors Business Daily ^ | 2016/12/05 4:16 PM ET | JED GRAHAM
    In the tweet heard round the world, Donald Trump threatened to slap a 35% tariff on companies that shift jobs overseas, then ship their goods back to the U.S. Since his election, the focus has been on the carrots Trump will offer to grow and protect America's manufacturing base: corporate tax cuts and possibly a side order of state tax incentives. That's the menu that will keep open a Carrier plant in Indiana... But now Trump is signaling a more combative approach... ...There will be a tax on our soon to be strong border of 35% for these companies," Trump...
  • GOP Leader Breaks With Donald Trump On Suggested 35 Percent Tariff (McCarthy)

    12/05/2016 12:48:47 PM PST · by Pinkbell · 135 replies
    The Huffington Post ^ | December 5, 2016 | Matt Fuller
    WASHINGTON; If President-elect Donald Trump thinks he’s going to impose a 35 percent tariff on companies importing goods, he might want to check with Republicans in Congress. House Majority Leader Kevin McCarthy (R-Calif.) suggested Monday that Republicans would not be in favor of imposing the 35 percent tariff on foreign goods that Trump proposed Sunday in a series of tweets.  Trump may not understand how tariffs really work; it would be very difficult for the United States to impose them on specific companies that move jobs to a foreign country; or that Congress, not the president, sets them. But he...
  • Swiss president to talk trade with Trump

    12/05/2016 8:06:29 PM PST · by Olog-hai · 11 replies ^ | 5 December 2016 10:36 CET+01:00
    US President-elect Donald Trump has requested a phone call with Swiss President Johann Schneider-Ammann in the coming days, the latter told Swiss broadcaster RTS on Saturday. Trump wishes to speak “entrepreneur to entrepreneur, and politician to politician”, said Schneider-Ammann, who was head of his family’s mechanical engineering business, Ammann Group, from 1988 until his election to the Swiss Federal Council in 2010. “I’m looking forward to talking to him,” he told RTS. This will be the first telephone conversation between the pair since Trump’s election on November 8th. …
  • Economist: Trump must prepare for a showdown with China

    12/05/2016 9:53:09 AM PST · by GonzoII · 105 replies
    Fox News ^ | Published December 05, 2016 | Peter Morici
    President-elect Donald Trump faces immediate challenges: managing the war against ISIS, fixing ObamaCare and boosting growth to create jobs. But as the fallout from his recent conversation with the president of Taiwan indicates, an increasingly assertive China poses the most vexing and far-reaching challenges for American prosperity and security. China has accomplished hyper growth supplying Western consumers with inexpensive goods and attracting Western investment to obtain necessary technology, but it has hardly played by the established rules and norms of global trade. It has subsidized exports, manipulated its currency and engaged in other abusive practices.
  • Kevin McCarthy won’t defend Donald Trump’s 35-percent tariff

    12/05/2016 9:46:23 AM PST · by GonzoII · 56 replies
    Washington Times ^ | Monday, December 5, 2016 | Tom Howell Jr.
    House Majority Leader Kevin McCarthy on Monday refused to back President-elect Donald Trump’s push for a 35-percent tariff on companies that move operations abroad and then sell their goods back in the United States, saying corporate tax reform is the key to retaining American jobs. “I think that’s a better way to solve the problem than getting in a trade war over a 35-percent tariff,” the California Republican told reporters.
  • What Will China Do If President Trump Starts a Trade War?

    12/04/2016 11:34:56 PM PST · by vannrox · 26 replies ^ | 30NOV16 | Adams Lee
    What Will China Do If President Trump Starts a Trade War? By Adams Lee on November 30, 2016 POSTED IN CHINA BUSINESS China Law Team By Li Feng, in the China Daily ( During the recent presidential campaign, President-Elect Donald Trump said “we can’t continue to allow China to rape our country” and vowed to aggressively fight back against China’s unfair trade practices. Trump promised his trade agenda would: Declare China to be a currency manipulator Impose a 45 percent tariff on all Chinese imports into the U.S. Abandon/ renegotiate “bad” trade agreements such as the Trans-Pacific Partnership (TPP), and...
  • President-elect Trump doubles down on 35% tax for businesses that ship jobs out of U.S.

    12/04/2016 7:16:40 AM PST · by Wolfie · 65 replies
    Fox 6 Now ^ | Dec. 4, 2016
    President-elect Trump doubles down on 35% tax for businesses that ship jobs out of U.S. NEW YORK — Fresh off saving 800 Carrier factory jobs from being off-shored to Mexico, President-elect Donald Trump is renewing his threat against companies that move their operations to foreign countries. Donald J. Trump ✔ @realDonaldTrump The U.S. is going to substantialy reduce taxes and regulations on businesses, but any business that leaves our country for another country, 6:41 AM - 4 Dec 2016 Donald J. Trump ✔ @realDonaldTrump without retribution or consequence, is WRONG! There will be a tax on our soon to be...
  • Philippines' Duterte gets Trump invite during 'animated' call: aide

    12/02/2016 10:02:12 AM PST · by 2ndDivisionVet · 15 replies
    Reuters ^ | December 2, 2016 | Manuel Mogato and David Brunnstrom
    U.S. President-elect Donald Trump spoke on the telephone on Friday with Philippines leader Rodrigo Duterte and invited him to the White House next year during a "very engaging, animated" talk, an aide to Duterte said. The call lasted just over seven minutes, Duterte's special advisor, Christopher Go, said in a text message to media. The conversation came amid tension and uncertainty between the United States and the Philippines after months of anti-American rhetoric from Duterte, fueled by his anger over the Obama administration's concerns about his deadly war on drugs. Though Duterte has spoken of his optimism for better ties...
  • House Republicans Want to Make the Wrong Change to the Corporate Tax [CUTS ONLY FOR EXPORTERS]

    12/02/2016 2:58:01 AM PST · by expat_panama · 8 replies
    Reason ^ | December 1, 2016 | Veronique de Rugy
    Economic research shows that the corporate tax is harmful to workers' wages and overall economic growth. If left to their own devices, politicians still wouldn't be likely to reduce or eliminate the destructive tax. They only act when tax competition—whereby taxpayers shop around for favorable tax environments—forces their hand. That's why it is alarming that House Republicans—I repeat, House Republicans—are talking about a change to the corporate tax that would insulate it from competitive pressures going forward. The change in the Ryan-Brady blueprint (as in Speaker of the House Paul Ryan and Chairman of the Joint Economic Committee Kevin Brady)...
  • What Donald Trump got right — and many economists got wrong — about the costs of trade

    11/30/2016 4:52:33 PM PST · by bobsunshine · 81 replies
    VOX News ^ | November 30, 2016 | Timothy B. Lee
    A group of distinguished trade economists have quietly released a paper estimating that if Chinese imports had grown half as quickly over the past 15 years, Hillary Clinton rather than Donald Trump would be preparing to move into the White House right now. There’s reason to be skeptical about this specific result, since it focuses on regions harmed by trade with China and doesn’t factor in benefits enjoyed by people elsewhere in the country. Nevertheless, it underscores just how big an impact trade with China has had on the American economy — and on our politics. For decades, experts have...
  • Towards a More Constructive Engagement with China under a Trump Administration

    11/24/2016 7:45:12 AM PST · by Sean_Anthony · 4 replies
    Canada Free Press ^ | 11/24/16 | Joseph Klein
    Engaging with China need not be a zero sum game: Obama Administration’s Pointless Confrontation with China over the South China Sea Amidst concerns over how a Trump administration will interact with China, especially with respect to trade, China’s President Xi Jinping told President-elect Trump during their recent telephone conversation that “The facts prove that cooperation is the only correct choice for China and the United States.” According to a statement from President-elect Trump’s presidential transition office, “the leaders established a clear sense of mutual respect for one another, and President-elect Trump stated that he believes the two leaders will have...
  • Walgreen's $140 Million Lawsuit Shows Theranos Is Way Worse Than We Thought

    11/23/2016 11:10:50 PM PST · by CorporateStepsister · 15 replies
    Thrill List ^ | 11/23/2016, 2:58 PM | By Christina Stiehl
    <p>Theranos, the biotech company started by a 19-year-old Stanford dropout, has another hurdle to cross in its whole "we're totally a legit blood-testing company" campaign. This time, it turns out that tens of thousands of blood tests were voided, making them totally invalid. Whoops!</p>
  • Mark Levin: Populism, nationalism and Americanism

    11/23/2016 8:00:22 AM PST · by 198ml · 58 replies
    Conservative Review ^ | 11/23/16 | Mark Levin
    I would like to discuss something rather foundational. What do you think about this “new nationalism”? Do you think it's new? What does it mean? Does it mean putting America first? Does it, in fact, put America first? Has this new nationalism been tried before? It very much has. The phrase "new nationalism" was actually coined by Theodore Roosevelt in a speech he gave in Kansas on Sept. 1, 1910. In that speech, Theodore Roosevelt, a Republican, later to become a Progressive Party candidate, in essence denounced the Declaration of Independence, and embraced the new nationalism.
  • A Video Mssg From President Elect Donald J. Trump

    11/22/2016 12:10:34 PM PST · by To-Whose-Benefit? · 6 replies
    Transistion 2017 ^ | Nov 21, 2016 | Transition 2017 Eliminate 2 existing regulations for every new one enacted? That alone could fix miles and miles of our national problems.
  • Who's The New Philippine Envoy? The Man Building Trump Tower Manila

    11/22/2016 2:13:55 AM PST · by 2ndDivisionVet · 2 replies
    WFDD-FM ^ | November 22, 2016 | Michael Sullivan
    Philippine President Rodrigo Duterte has had a strained relationship with the U.S. since taking office in June, mainly because of U.S. criticism of his controversial — and often brutal — war on drugs. But he says he's hoping to get along with President-elect Trump. Toward that end, he's appointed real estate magnate Jose E.B. Antonio as a special trade envoy to the U.S. — and he just so happens to be the man building Trump Tower Manila. "Donald Trump himself is an icon of real estate," Antonio says on the website for the project. "He has been my reference for...
  • The CEO of the world’s biggest ad agency says “the markets are right” to rally on Trump

    11/21/2016 11:46:17 PM PST · by 2ndDivisionVet · 6 replies
    Quartz | November 22, 2016 | Janet Guyon
    Link only due to copyright issues:
  • Theranos's Insane Campaign To Punish Whistleblower, Who Happened To Be Famous Boardmember's Grandson

    11/21/2016 7:48:00 PM PST · by CorporateStepsister · 40 replies
    TechDirt ^ | Mon, Nov 21st 2016 5:13pm | by Mike Masnick
    We haven't really written much about the insane Theranos scandal, though we discussed it on our podcast. The whole story is pretty crazy -- involving a heavily hyped up company that appeared to basically be flat out lying to everyone about what it could do. The company still exists, but barely. The company's founder and CEO, who was plastered across magazine covers and compared frequently to Steve Jobs, has been banned from running a lab for two years, and the company is now facing a $140 million lawsuit from its biggest partner, Walgreens, who claims that Theranos repeatedly lied to...
  • Trump: I'm Pulling Out of TPP on Day One

    11/21/2016 6:11:12 PM PST · by 2ndDivisionVet · 3 replies
    Newser ^ | November 21, 2016 | Staff
    Donald Trump railed against the Trans-Pacific Partnership as a candidate, and now he plans to do far more as president. Trump said Monday in a video address that he would announce a US is withdrawing from the pact on his first day in office. Trump called the pact, a deal among the US and 11 Pacific Rim nations, "a potential disaster" for the nation. "Instead, we will negotiate fair, bilateral trade deals that bring jobs and industry back to Amerian shores," he said. Earlier Monday, Japan's prime minister discounted the idea of going ahead with the TPP without American participation,...
  • Donald Trump to meet with Bernie Sanders supporter Tulsi Gabbard

    11/21/2016 8:45:10 AM PST · by nhwingut · 46 replies
    McClatchy DC ^ | 11/21/2016 | ALEX DAUGHERTY
    WASHINGTON - Tulsi Gabbard is willing to go out on a limb. The Democratic U.S. congresswoman from Hawaii was one of the first Democrats to support Vermont Sen. Bernie Sanders, and now she is one of the first Democrats to meet with President-elect Donald Trump. Gabbard met with Trump and Vice President-elect Mike Pence on Monday morning, but Trump spokesman Jason Miller said it was “premature” to discuss Gabbard’s potential role in the Trump administration.
  • Famed attorney David Boies severs legal ties with Theranos

    11/20/2016 3:37:10 PM PST · by CorporateStepsister · 39 replies
    The Wall Street Journal ^ | Nov 20, 2016 4:23 p.m. ET | By John Carreyrou
    Litigator David Boies and the law firm he founded, Boies, Schiller & Flexner LLP, have stopped doing legal work for Theranos Inc. after disagreeing about the strategy for handling ongoing government investigations of the blood-testing company, according to people familiar with the matter. Boies, 75, has been one of the country’s best-known litigators since the late 1990s. He became Theranos’s outside counsel after being approached in 2011 by two investors in the Palo Alto, Calif., startup. He fiercely defended Theranos against questions about its technology and operations. Read: ‘Fraud is not a trade secret’: How a 27-year-old blew the whistle...
  • [Red] China state media warn Trump against renouncing free trade deals

    11/19/2016 7:03:27 AM PST · by BenLurkin · 26 replies ^ | 11/19/2016
    "Turning his trade-bashing campaign talks into actual policies could bash any hope that the Asia-Pacific will finally have its much-wanted free trade deal," said a commentary in the official Xinhua news agency on Saturday. "Worse, it could drag his country and the wider world into deeper economic distress," added the agency, which is a barometer of government thinking. ... China's Xi is selling an alternate vision for regional trade by promoting the Beijing-backed Regional Comprehensive Economic Partnership (RCEP), which as it stands excludes the Americas. Chinese state media has warned Trump against isolationism and interventionism, calling instead for the United...
  • Op Ed: Stop it. Trump's trade policy is not 'the apocalypse'

    11/18/2016 11:19:24 AM PST · by kingu · 9 replies
    CNBC ^ | Nov 18, 2016 | Greg Autry
    Donald Trump's election will disrupt the global economic status quo and it has significant implications for our technology entrepreneurs as well. I have spent years advocating for practical change in U.S. trade and economic policy. I'm very proud that several of my colleagues in this fight have helped to develop the Trump economic program. That plan and their bold advocacy inspired America's working class and propelled Trump through the "Blue Wall" of the rust belt and into the White House. The promise of good jobs is what made the difference in this campaign despite all the protest over the candidate's...
  • Apple could make iPhones in US in future: sources

    11/17/2016 5:11:31 PM PST · by cba123 · 11 replies
    Nikkei ^ | November 18, 2016 12:20 am JST | Debby Wu
    TAIPEI iPhones might one day soon carry "Made in America" labels. (full article available at link, not copied because it requires setting up an account)
  • Chinese media praise Trump's 'experience and ideology'

    11/15/2016 7:11:17 AM PST · by GilGil · 22 replies
    Yahoo ^ | 11/15/2016 | Staff
    Beijing (AFP) - Chinese state-run media lauded Donald Trump Tuesday after a phone call between him and President Xi Jinping, saying that the president-elect's emergence could mark a "reshaping" of Sino-American relations. The pair spoke Monday, when Xi said that the two powers needed to co-operate and Trump's office said the leaders "established a clear sense of mutual respect for one another".
  • Economic Doctors Have Misdiagnosed the Economy

    11/15/2016 3:35:21 AM PST · by expat_panama · 17 replies
    Real Clear Markets ^ | November 15, 2016 | Ray Keating
    Too often, when listening to politicians talk about what ails our economy, I feel like I'm watching a television medical drama. And I don't like doctor and hospital TV shows. It's a faulty formula. Early in the hour, a patient shows up in dire trouble. The doctors misdiagnose the ailment, and try various mistaken treatments. Eventually, with the patient's life hanging in the balance, somebody figures out what's really going on, offers a remedy, and viewers await the next episode. During the 2016 presidential campaign, there was a great deal of bad diagnoses served up on the U.S. economy. As...
  • China fires its first warning shot, warning iPhone sales will suffer if Trump starts a trade war

    11/14/2016 6:28:34 AM PST · by Enlightened1 · 69 replies
    CNBC ^ | 11/14/16
    Apple iPhones and other U.S. goods could suffer sales hits in China if President-elect Donald Trump goes through with his "naive" plan of slapping a large import tariff on Chinese products, a state-backed newspaper warned on Sunday.  During his election campaign this year, Trump spoke of a 45 percent import tariff on all Chinese goods while failing to outline how it would work. Should any such policy come into effect, China will take a "tit-for-tat approach", according to an opinion piece in the Global Times, a newspaper backed by the Communist party.  "A batch of Boeing orders will be replaced by Airbus. U.S. auto and iPhone...
  • Free Trade vs. the Republican Party

    11/13/2016 6:32:49 AM PST · by central_va · 37 replies
    The American Conservative ^ | May 2oth 2016 | Pat Buchanan
    In the 1895 “History of the Republican Party,” the authors declare, “the Republican Party … is the party of protection … that carries the banner of protection proudly.” Under protectionist policies from 1865 to 1900, U.S. debt was cut by two-thirds. Customs duties provided 58 percent of revenue. Save for President Cleveland’s 2 percent tax, which was declared unconstitutional, there was no income tax. Commodity prices fell 58 percent. Real wages, despite a doubling of the population, rose 53 percent. Growth in GDP averaged over 4 percent a year. Industrial production rose almost 5 percent a year.
  • Was Trump’s Campaign Rhetoric on Trade for Real?

    11/12/2016 6:06:00 PM PST · by expat_panama · 26 replies
    National Review ^ | November 11, 2016 4:00 AM | Simon Lester
    We’re about to find out. During his campaign, President-elect Donald Trump made some very confrontational statements on trade. He called the Trans-Pacific Partnership (TPP) the “rape of our country.” He suggested renegotiating, or even withdrawing from, the North American Free Trade Agreement (NAFTA). And he accused China and Mexico, among others, of “cheating” the U.S. in trade. At the same time, some of his proposals merely reflect current U.S. trade policy. For example, he said he would “instruct the U.S. Trade Representative to bring trade cases against China, both in this country and at the WTO,” which is already a...
  • Trump's Revolution is Here

    11/11/2016 11:57:12 AM PST · by LS · 32 replies
    self | 11/11/2016 | LS
    Anyone who thought Trump might be "Bush-like" in his eagerness to "cross the aisle" and "work with the Democrats" might want to look at his hires. He has named a hard-line immigration guy, a no-global-warming guy, and currently the name of Rudy Guiliani is being floated as Secretary of State. (I know, I preferred John Bolton, but Rudy absolutely will take no nonsense from any foreign dictators) I'm sure, for his support of Trump, Bolton will still be well rewarded, perhaps as head of DHS. I expect to see Sarah Palin, Sheriff David Clark, and possibly Jeff Sessions somewhere, although...
  • Trump will quit TPP in first days (and maybe NAFTA too)

    11/11/2016 4:35:00 AM PST · by Trump20162020 · 16 replies
    POLITICO ^ | 11/11/2016 | Adam Behsudi
    President-elect Donald Trump plans to move quickly to fulfill some of his most controversial campaign promises related to what he derided as “job-killing” trade policies, according to an internal transition team document shared with POLITICO. Within the first 100 days, his administration will drop out of the Trans-Pacific Partnership, and 100 days after that it could withdraw from the North American Free Trade Agreement unless certain demands are met, according to the described policy road map.
  • New Balance Faces Social Media Backlash After Welcoming Trump

    The Boston-based footwear maker has opposed the Trans-Pacific free trade agreement; rival Nike supports it New Balance Athletic Inc. may be the first corporation to get hit by backlash against President-elect Donald Trump. The privately held sneaker company—long an opponent of the proposed Trans-Pacific Partnership trade agreement—welcomed the election of Mr. Trump as a reprieve from the policies of President Barack Obama. “The Obama administration turned a deaf ear to us and frankly, with President-elect Trump, we feel things are going to move in the right direction,” Matthew LeBretton, New Balance’s vice president of public affairs, said in an interview...
  • Donald Trump tells Theresa May: UK is special place

    11/10/2016 1:03:28 PM PST · by GonzoII · 15 replies
    BBC ^ | 39 minutes ago
    US President-elect Donald Trump has invited Theresa May to visit Washington in a phone call in which both stressed the importance of UK/US relations. Downing Street said Mr Trump had spoken of his warmth and personal connections with the UK while Mrs May congratulated him on his victory. Mr Trump, who mother was Scottish, said the UK was a "very, very special place for me and for our country". The two shared a "desire to strengthen bilateral trade and investment". Mr Trump has contacted a number of world leaders in the wake of his surprise victory in the US presidential...
  • Canada open to renegotiating free trade with Trump

    11/09/2016 4:25:57 PM PST · by Olog-hai · 26 replies
    Associated Press ^ | Nov 9, 2016 5:02 PM EST | Rob Gillies
    Canada’s ambassador to Washington said Wednesday that Canada is open to renegotiating the North American Free Trade Agreement if that’s what President-elect Donald Trump wants. Ambassador David MacNaughton, on a conference call with journalists, said free trade on lumber, long an irritant, would be one of the first things he’d like to see if there’s a new agreement. He noted that the U.S. is Canada’s largest trading partner and Canada is the largest trading partner for the U.S. “We’re ready to come to the table,” he said. …
  • The Trans-Pacific Partnership is dead, Schumer tells labor leaders

    11/10/2016 11:40:33 AM PST · by Trump20162020 · 27 replies
    The Washington Post ^ | 11/10/2016 | Mike DeBonis
    The Senate’s soon-to-be top Democrat told labor leaders Thursday that the Trans-Pacific Partnership, the trade deal at the center of President Obama’s “pivot” to strengthen ties with key Asian allies, will not be ratified by Congress. That remark from Sen. Charles E. Schumer (D-N.Y.), who is expected to be the incoming Senate minority leader, came as good news to the AFL-CIO executive council, which met Thursday in Washington. Schumer relayed statements Republican congressional leaders had made to him, according to an aide who confirmed the remarks. Obama’s signature global trade deal had been on life support for months as both...
  • Which Trump Will Americans Get?

    11/10/2016 6:07:57 AM PST · by reaganaut1 · 8 replies
    Wall Street Journal ^ | November 9, 2016 | DONALD LUSKIN
    The wild gyrations in global markets since late on election night can signal only one thing: rampant uncertainty. Voters saw many different Donald Trumps on the campaign trail, and nobody knows which one the country will actually get. Will it be the tax-cutter? The protectionist? The deregulator? Or the self-described “King of Debt”? That will make all the difference. If Trump the tax-cutter moves into the White House, prepare for a great bull market. He proposes slashing the corporate income-tax rate from 35%, about the highest in the world, to only 15%, nearly the lowest. This would, at a stroke,...
  • Clinton never set foot in Wisconsin — then she lost it, and it helped cost her the presidency

    11/09/2016 3:42:03 PM PST · by afraidfortherepublic · 53 replies
    Business Insider ^ | 11-9-16 | Pamela Engel
    Wisconsin is such a solidly blue state that Hillary Clinton didn't feel the need to campaign there in her general-election battle against Donald Trump. That turned out to be a mistake. No recent Wisconsin polls showed the Republican presidential nominee ahead of his Democratic counterpart in the Badger State. The RealClearPolitics polling average, which took into account four recent Wisconsin polls, put Clinton ahead by 6.5 percentage points. But in the early-morning hours after Election Day, Trump was ahead by several points. With 95% of precincts reporting, he was at 47.9% to Clinton's 46.9%. Libertarian nominee Gary Johnson took 3.6%...
  • Stunned Mexico ponders new relationship with US

    11/09/2016 9:26:28 AM PST · by BradtotheBone · 109 replies
    Associated Press ^ | 11/9/2016 | MARIA VERZA and CHRISTOPHER SHERMAN
    MEXICO CITY (AP) -- Hours after the United States elected Donald Trump to be its next president, Mexico began carefully laying the groundwork for a relationship with a new leader who campaigned against its citizens and threatened to wreak havoc with its economy. President Enrique Pena Nieto sent a series of messages from his official Twitter account Wednesday morning, congratulating not Trump himself but the American electorate, and said he was ready to work with Trump to advance the countries' relationship. "Mexico and the United States are friends, partners and allies that must continue collaborating for the competitiveness and development...
  • Can MPs block Brexit? Will the Supreme Court overturn the Article 50 ruling?

    11/09/2016 5:15:28 AM PST · by fruser1 · 3 replies
    The Express ^ | 3 Nov 2016 | Alice Foster
    Pro-EU campaigners celebrate their victory at the High Court The High Court has ruled that MPs must vote on triggering Article 50 - the legal step which kicks off Brexit talks. Pro-EU MPs have been given a fresh opportunity to try and block Brexit after judges ruled that a Parliamentary vote is needed. Acting Ukip leader Nigel Farage declared: "I now fear that every attempt will be made to block or delay the triggering of Article 50. “If this is so, they have no idea of the level of public anger they will provoke."
  • GOP Weekly Address Future President Donald Trump "Let's Close the Book on the Clintons"

    11/05/2016 11:34:43 AM PDT · by Sybeck1 · 59 replies
  • 'I, Whiskey': Free Markets And The Human Spirit [COMMERCE GOOD, IMPORT TAXES BAD]

    10/17/2016 5:42:04 AM PDT · by expat_panama · 3 replies
    Investors Business Daily ^ | October 14, 2016 | RICHARD MORRISON
    In a political season that's seen a lot of skepticism about big business and trade, it can be good to step back and remind ourselves of how the buying and selling we do every day fits into our vision of a just society. In that spirit, a new film from the Competitive Enterprise Institute takes a look at how commerce fosters valuable connections between us and our neighbors, and how the freedom of consumers and entrepreneurs lies at the heart of our friendships, relationships, and higher goals for ourselves. "I, Whiskey: The Human Spirit" is a short-form documentary... ...Each industry...
  • Donald Trump’s War of Independence

    10/15/2016 10:52:57 AM PDT · by Kaslin · 48 replies ^ | October 15, 2016 | David R. Usher
    Donald Trump is leading America’s third war of Independence (the first two being in 1776 and the War of 1812). Donald Trump’s declaration of independence from the Establishment in both parties was long coming.  He bounced between parties for two decades before coming to the conclusion that both parties worshipped globalism. He had no choice but to run for the Presidency.  His candidacy is in fact America’s Third War for Independence.  Trump’s campaign touched the taproot of the Electorate.  Most Americans cannot quite put a finger on the reason,  but understand one thing: they know they have been sold...
  • Inequality Is Still the Defining Issue of Our Time [TPP/TRADE IS UNEQUAL]

    10/13/2016 3:42:17 AM PDT · by expat_panama · 4 replies
    The Nation ^ | October 12, 2016 2:41 pm | Robert L. Borosage
    Opponents of the Trans Pacific Partnership protest outside the White House. (Reuters / Gary Cameron) In 2011, President Obama, speaking in the wake of Occupy Wall Street, called inequality the “defining issue of our time.” Now Jason Furman, chair of the Council on Economic Advisors, argues that Obama “narrowed the inequality gap” more than any president in 50 years... ...Don’t take down the barricades. Inequality remains extreme and continues to widen... measures Obama’s reductions against what inequality would have been if George Bush’s policies had been sustained through the Great Recession... ...the richest 1 percent continue to pocket the...
  • German exports post biggest rise in more than six years

    10/10/2016 7:24:53 PM PDT · by Berlin_Freeper · 3 replies ^ | October 10, 2016 | Joseph Nasr
    German exports rebounded more than expected in August, recording their biggest rise in more than six years and dispelling fears that Europe's biggest economy is heading for a slowdown. Seasonally adjusted exports rose by 5.4 percent, the largest rise since May 2010, data from the Federal Statistics Office showed on Monday, while imports increased by 3.0 percent. The data signals that exports, which had been weakening and losing their traditional role as the main growth driver in Germany, will contribute to an expected expansion in the third quarter.
  • There Are No 'Myths' Or Exceptions About Free Trade: It's Always Unrelentingly Good

    10/10/2016 4:05:47 AM PDT · by expat_panama · 44 replies
    Forbes ^ | Oct 9, 2016 @ 09:00 AM | John Tamny
    For those who ever find themselves questioning the good of free trade, arguably the best cure for such a lapse of reason is a quick read of Henry Hazlitt’s Economics In One Lesson. In it Hazlitt wrote that “What is harmful or disastrous to an individual must be equally harmful or disastrous to the collection of individuals that make up a nation.” Hazlitt’s powerful quote will cure Keynesians of just about everything they believe, including the horrid idea that war is good for the economy. As for conservatives who occasionally find themselves swimming in a protectionist direction, the Hazlitt quote...
  • Hillary Clinton’s Wall Street Speeches Have Leaked. No Wonder She Didn’t Want Them to Get Out.

    10/08/2016 6:12:09 PM PDT · by 2ndDivisionVet · 17 replies
    Slate's Moneybox ^ | October 7, 2016 | Jordan Weissmann
    Throughout the Democratic presidential primary, Sen. Bernie Sanders challenged Hillary Clinton to release excerpts of the paid, private speeches she delivered to Wall Street audiences following her time as secretary of state. She refused—which occasionally made things pretty awkward, since her resistance suggested the remarks could contain something explosive. Now excerpts of the speech transcripts appear to be out. On Friday evening, WikiLeaks released a trove of hacked emails belonging to Clinton campaign chairman John Podesta. These include a long missive from the candidate's research director, Tony Carrk, in which he flags portions of Clinton's remarks that could potentially trip...
  • Leaked emails show Clinton professing different messages to Wall Street and the public on trade

    10/08/2016 5:10:09 PM PDT · by BenLurkin · 16 replies
    business insider ^ | 10/08/2016 | Pamela Engel
    Clinton said it's important to have both a "public" and "private" position on certain issues. "If everybody's watching, you know, all of the back room discussions and the deals, you know, then people get a little nervous, to say the least," she said. "So, you need both a public and a private position. " She also appeared to express concern about how her positions appear politically. "You just have to sort of figure out how to — getting back to that word, 'balance' — how to balance the public and the private efforts that are necessary to be successful, politically,...
  • Leaked Hillary Clinton Speech to Foreign Bank: ‘My Dream Is ... Open Trade and Open Borders’

    10/07/2016 6:54:43 PM PDT · by Rockitz · 64 replies ^ | 7 Oct 2016 | Julia Hahn
    In closed-door remarks delivered to a foreign bank, Hillary Clinton declared that her “dream is a hemispheric common market, with open trade and open borders.” This statement from one of Clinton’s private paid speeches was discovered in leaked emails of Clinton’s campaign chair, John Podesta, which were made public by WikiLeaks. One email, which provided partial transcripts of some of Clinton’s speeches, reads in part: *Hillary Clinton Said Her Dream Is A Hemispheric Common Market, With Open Trade And Open Markets. * “My dream is a hemispheric common market, with open trade and open borders, some time in the future...
  • China’s Hostile Cyber and Trade War: It's Threat To National Security

    10/07/2016 7:11:20 AM PDT · by Kaslin · 9 replies ^ | October 7, 2016 | Ken Blackwell
    As we witness the home stretch of the presidential election with candidate debates, campaign stops, and political ads, both parties have an opportunity to talk substantively about a serious trade issue – ongoing efforts by China to hack and steal intellectual property from U.S. companies and using stolen U.S. trade secrets to manufacture their own cut rate products. One assistant attorney for U.S. National Security describes the Chinese hacking campaign against the United States a true, “national security emergency.” China has created what some describe as an army of hackers – numbering in the thousands – high tech soldiers that...
  • This popular backlash to global trade threatens mass instability

    10/03/2016 4:52:55 AM PDT · by expat_panama · 5 replies
    Telegraph ^ | 30 September 2016 • 9:26pm | Andrew Sentance
    Recent events have pushed the issue of international trade to the top of the economic agenda – not just here in the UK, but elsewhere in the world. The Brexit vote in the EU referendum has called into question the trading relationship with our European trading partners and the UK’s trade relationship with the rest of the world.... ...Trump has been highly critical of the existing trade agreements between the United States and other countries. He blames these “bad trade deals”... ...the World Trade Organisation (WTO), which oversees the international trading system, is warning of the slowest growth of exports...