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Keyword: trade

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  • British PM May Puts Britain First- Goes Hard Brexit

    01/19/2017 8:43:08 AM PST · by Sean_Anthony · 6 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
    http://www.investors.com ^ | 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 · 5 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 said...it 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....
  • U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES November 2016 [9 MONTH HIGH --TRUMP EFFECT?]

    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...
  • Beijing Goes Ballistic after Peter Navarro Appointment

    12/23/2016 6:35:37 AM PST · by CapitalistCrusader · 36 replies
    Breitbart ^ | 12/23/2016 | Chriss W. Street
    The London Financial Times reported that Chinese Foreign Ministry spokesperson Hua Chunying said immediately after the appointment that Beijing is now monitoring the policy positions of the incoming Trump Administration: “As two major powers with broad mutual interests, co-operation is the only correct choice.”
  • NAFTA Has Practically Expelled Our Best Companies

    12/22/2016 5:07:55 AM PST · by central_va · 49 replies
    E-I-C ^ | 8/26/16 | G. Barlow
    Since the passage of NAFTA, the American economy, which was already stagnating, has gone downhill at an increasing clip. When we examine the details of the “free trade” agreement, it is easy to see why it has caused so much devastation.
  • Opinion: How much can Trump do by himself to fix trade deals?

    12/22/2016 4:59:52 AM PST · by expat_panama · 17 replies
    Market Watch ^ | Dec 21, 2016 9:05 a.m. ET | Caroline Baum
    Could Trump single-handedly tear up NAFTA or tax U.S. companies that outsource?... ...Trump calls himself a free-trader. That self-assessment would appear to depend on what the meaning of “free” is... ...Trump has flip-flopped on everything from political affiliation (Republican, Democrat, Independent) to issues (a woman’s right to choose) to wives (three so far). But the one constant dating back at least to the 1980s is his protectionist stance on trade... ...Does Trump have the unilateral authority to do what he says he will do under the power... ...as president of the United States? The short answer is this: The president...
  • Sorry Politicians, Jobs Can't Be Stolen [AND THERE'S NO 'MINIMUM WAGE']

    12/22/2016 2:58:43 AM PST · by expat_panama · 21 replies
    Pittsburgh Tribune ^ | Tuesday, Dec. 20, 2016, 2:51 p.m. | Donald J. Boudreaux
    Tyranny's misleading phrases In an 1822 tract titled “Tyranny Unmasked,” Virginian John Taylor (1753-1824) observed that “Tyranny is wonderfully ingenious in the art of inventing specious phrases to spread over its nefarious designs.” Indeed. Here are two especially misleading phrases that today's opponents of free markets regularly use to mask the ugly reality of their policies. • “Minimum wage.” By legislating... ...the real minimum wage is $0 — the amount earned by workers who, because of the minimum wage, can't find jobs. • “Elect me and I'll stop foreigners from stealing our jobs.” This boast — issued by politicians from...
  • Trump’s Trade Deal Chief: Britain at Front of the Queue

    12/17/2016 11:39:21 AM PST · by GonzoII · 20 replies
    Daily Telegraph/Breitbart ^ | 17 Dec 2016 | Oliver JJ Lane
    The United States will seek out a trade deal with the United Kingdom as a top priority during the Trump Administration, his head of commerce has revealed. While Billionaire businessman Wilbur Ross Jr., a vocal supporter of the Trump election campaign nominated as Commerce Secretary this week has not made a public statement on the matter, Britain’s Daily Telegraph has reported a “senior Trump source” who has emphasised the priority with which a British trade deal is treated.
  • Donald Trump says U.S. doesn't make TVs anymore

    12/16/2016 6:58:35 PM PST · by central_va · 123 replies
    Politifact.com ^ | 3/14/16 | W. Fiske
    We have re-rated the statement as True and removed the older report from Trump's Truth-O-Meter record. TRUE
  • 5 Broken Promises of The North American Free Trade Agreement(NAFTA)

    12/16/2016 9:54:55 AM PST · by central_va · 14 replies
    E-I-C ^ | 6/30/16 | Dan Mills
    Our trade surplus with Mexico turned into a deficit. It went from $885 million in May of 1994 to $6.9 billion a year later.
  • The Silent Economic War Being Waged Against America

    12/16/2016 8:49:07 AM PST · by central_va · 58 replies
    Economy In Crises ^ | 7/31/16 | George Barlow
    “Free trade” means uncontrolled, unrestricted access to our economy for foreign-made goods, tariff- and duty-free. These goods are made at wages of $4 per hour or less. We cannot compete with these wages, so we are forced to outsource nearly all of our manufacturing, sell-out to foreign interests, or simply go bankrupt.
  • The Consequences of Defeat in an Economic War

    12/16/2016 8:35:08 AM PST · by central_va · 24 replies
    Economy In Crisis ^ | August 31, 2016 | George Barlow
    America must stop thinking that protecting our economy is a bad thing. Protectionism, through appropriate and applicable tariffs could save our jobs, homes and economy. But, as long as we keep apologizing for doing what we must, we will not be able to rejuvenate our economy. We will keep begging for whatever jobs foreigners are willing to throw at us. Is this what we want to be – a nation of beggars? We need to be a proud nation, a strong nation once again and re-instate needed tariffs to protect and rebuild our economy.
  • NAFTA 2.0: Upgrading Economic Ties To Boost Competitiveness

    12/16/2016 2:33:36 AM PST · by expat_panama · 115 replies
    Investors Business Daily ^ | Dec. 15, 2016 4:36 PM ET | REP. WILL HURD
    During these last twenty-three months of my first term in Congress, I crisscrossed 820 miles of the U.S.-Mexico border between El Paso and Eagle Pass, Texas, many times talking about international trade. Despite the campaign rhetoric, I believe that under a Trump Administration we have a real opportunity to improve North American Competitiveness in the rest of the world through an upgrade of the North American Free Trade Agreement (NAFTA). This belief was confirmed during several days of discussions on energy, commerce and rule of law in Mexico with business and political leaders. Our recently concluded election cycle has almost...
  • Trump's Trade Tirades Won't Benefit Consumers, Workers

    12/16/2016 2:33:32 AM PST · by expat_panama · 22 replies
    Investors Business Daily ^ | Dec. 15, 2016 5:18 PM ET | JESSE HATHAWAY
    In a video posted to his political campaign's YouTube account on Nov. 21, President-elect Donald Trump vowed to withdraw the U.S. from the ongoing negotiations related to the Trans-Pacific Partnership (TPP), a 12-nation trade agreement designed to reduce government barriers and tariffs restricting exchanges between consumers and producers in Asian countries. By restricting trade and making it harder for goods to flow in and out of the country, Trump, who campaigned on promises to make government work for the working man, would actually be making government work for special-interest groups, such as industry lobbyists. Milton Friedman, an economist allegedly revered...
  • Trump’s 757 and Trade Deficit Realities

    12/13/2016 2:45:00 AM PST · by expat_panama · 56 replies
    The American Thinker ^ | December 13, 2016 | C. Edmund Wright
    When Donald Trump goes shopping for large aircraft, which he does from time to time, there is one item at the top of his "non-negotiable" list. Trump insists on British-made Rolls Royce turbo fan jet engines. He doesn't need to worry much about the interior, or even the cockpit windshield when jet shopping, as those refinements can be redone after he buys. (Both were redone, in fact, on the Trump 757.) However, the engines must be Rolls... ...Certainly those American workers would want the Donald to "buy American... ...British engines were merely part of an even more massive American jetliner...
  • Trump packs trade team with veterans of steel wars with China

    12/12/2016 3:49:38 AM PST · by TigerLikesRooster · 12 replies
    Reuters ^ | Dec 12, 2016 | David Lawder
    Trump packs trade team with veterans of steel wars with China Mon Dec 12, 2016 | 5:54am EST By David Lawder | WASHINGTON President-elect Donald Trump is stacking his trade transition team with veterans of the U.S. steel industry's battles with China, signaling a potentially more aggressive approach to U.S. complaints of unfair Chinese subsidies for its exports and barriers to imports. Led by Wilbur Ross, a billionaire steel investor and Trump's nominee for commerce secretary, Dan DiMicco, the former CEO of steelmaker Nucor Corp, and three veteran steel trade lawyers, the team is expected to help shift the U.S....
  • Why NAFTA Is A Job Creator, Not A Job Killer

    12/09/2016 12:59:45 AM PST · by expat_panama · 46 replies
    Investors Business Daily ^ | Dec. 8, 2016 12:04 PM ET | GARY SHAPIRO
    President-elect Donald Trump's stance on trade deals assumes unbalanced international trade agreements are domestic job killers. In the election, that won him favor in broad swathes of the country where globalization seems irrelevant, and foreigners and Washington alike are viewed with suspicion. So, what will happen to established trade agreements, such as the North American Free Trade Agreement (NAFTA), when Trump takes office Jan. 20? When NAFTA was finalized more than two decades ago, Ross Perot infamously predicted it would create "a giant sucking sound" of jobs leaving for Mexico. Since then, NAFTA has been blamed for our county's trade...
  • We Do Not Have a Trade Deficit, We have a capital surplus

    12/07/2016 8:34:45 AM PST · by SeekAndFind · 69 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 · 59 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 · 144 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
    TheLocal.ch ^ | 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
    http://www.chinalawblog.com/ ^ | 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 (bit.ly/2gFMaDa) 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
    https://youtu.be/7xX_KaStFT8 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: http://qz.com/842976/the-ceo-of-the-worlds-biggest-ad-agency-says-the-markets-are-right-to-rally-on-trump/
  • 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...