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Keyword: trade

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  • Putin, Macron bond over shared unease at Trump's actions

    05/26/2018 8:30:34 AM PDT · by CondoleezzaProtege · 10 replies
    Reuters ^ | May 25, 2018 | Michel Rose, Denis Pinchuk
    Russian President Vladimir Putin and his French counterpart Emmanuel Macron on Friday found a common cause in their shared unease at U.S. President Donald Trump’s actions on Iran, climate change and international trade. Speaking at a question-and-answer session in front of an audience of business executives and Russian officials, Putin said the U.S. withdrawal from the Iran deal was damaging and counter-productive. Macron said he would try to convince Trump to return to talks about Iran’s nuclear program, and was also critical of Trump’s decision to move the U.S. embassy in Israel to Jerusalem. “That was not desirable,” Macron said,...
  • Putin blasted Trump's trade fights without ever saying his name

    05/25/2018 9:45:13 PM PDT · by Berlin_Freeper · 13 replies
    Business Insider ^ | May 25, 2018 | Bob Bryan
    Russian President Vladimir Putin took US President Donald Trump to task over a recent increase in trade barriers and an abandonment of the international trade order, all without saying his counterpart's name. In a speech at the St. Petersburg International Economic Forum, Putin disparaged recent trade protectionism from countries including the US and urged nations to recommit to free trade. "We do not need trade wars or even temporary trade truces," Putin told a crowd of world leaders. "We need full-time trade peace." In addition to the general comments about protectionism, Putin also specifically attacked Trump's recent tariffs. Without specifically...
  • Trump strikes deal with China over ZTE

    05/25/2018 4:48:43 PM PDT · by Zhang Fei · 12 replies
    Fox News ^ | 6 hours ago | John Roberts
    President Trump told Fox News on Friday he has struck a deal with Chinese President Xi Jinping to ease U.S. sanctions imposed on Chinese telecommunications giant ZTE. The Commerce Department last month blocked China's ZTE from importing American components for seven years, accusing it of misleading U.S. regulators after it last year settled charges of violating sanctions against Iran and North Korea. The ban was a virtual death sentence for ZTE, which relies on U.S. parts. The Trump administration, though, caused controversy by putting ZTE in play amid trade negotiations. According to Trump, Xi recently called him to ask if...
  • ZTE revenues fall $2bn as US sanctions bite

    05/23/2018 5:56:17 PM PDT · by Zhang Fei · 1 replies
    Financial Times ^ | May 23, 2018 | Emily Feng and Louise Lucas
    ZTE, the Chinese telecoms equipment maker, is estimated to have lost more than $2bn in revenue since the imposition of a ban on the supply of US components by Washington last month, according to calculations based on last year’s figures. ZTE reported full-year revenues of Rmb108.8bn ($17bn) in 2017, or an average of $1.4bn a month. The US ban on supplying parts to ZTE — after the group was found to have violated sanctions against North Korea and Iran — was imposed roughly six weeks ago, implying lost revenues of more than $2bn. The potential reversal of the US ban...
  • Trump's hawkish national security advisor John Bolton jumps into the White House's China trade talks

    05/24/2018 4:56:17 AM PDT · by TigerLikesRooster · 4 replies
    CNBC ^ | 22 May 2018 | Kevin Breuninger
    Trump's hawkish national security advisor John Bolton jumps into the White House's China trade talks National security advisor John Bolton is involved with U.S.-China trade negotiations. A National Security Council official told CNBC that it was only "natural" that Bolton be involved in recalibrating the U.S. trade relationship with China. Bolton, who was recently criticized by North Korea, said in March that a revamped trade policy with China "could be a little shock therapy." Kevin Breuninger | Kayla Tausche Published 11:45 AM ET Tue, 22 May 2018 Updated 11:52 AM ET Tue, 22 May 2018 As the U.S. and China...
  • Senate panel overwhelmingly approves amendment blocking Trump on ZTE

    05/22/2018 12:27:32 PM PDT · by Theoria · 21 replies
    The Hill ^ | 22 May 2018 | Harper Reidig
    A Senate panel on Tuesday rebuked President Trump's efforts to ease sanctions on the Chinese telecom firm ZTE, which the intelligence community and trade regulators have warned poses a national security risk for the U.S. The Senate Banking Committee approved an amendment in an overwhelming and bipartisan 23-2 vote that would block Trump from easing sanctions on ZTE without first certifying to Congress that the company is complying with U.S. law. The move comes the same day The Wall Street Journal reported that the Trump administration and China are closing in on a deal to ease off ZTE in exchange...
  • Trade Deals Must Protect Intellectual Property Rights

    05/22/2018 5:25:19 AM PDT · by Kaslin · 1 replies
    Townhall.com ^ | May 22, 2018 | Stephen Moore
    Donald Trump is now deep into trade negotiations with China and NAFTA 2.0 negotiations with Canada and Mexico. We are strong free traders, but we believe that Trump's plans to negotiate better trade agreements that reduce trade barriers abroad are right on the mark. He also has to make sure those deals fully protect U.S. intellectual property, or what is commonly called know-how. American investments, ingenuity and entrepreneurship have made intellectual property one of our nation's most important assets. IP-intensive industries, including software, biotechnology and entertainment, now support nearly one-third of all U.S. jobs. But too often, our foreign trading...
  • Washington Post: China is winning Trump’s trade war

    05/21/2018 3:02:42 PM PDT · by SeekAndFind · 15 replies
    Washington Post ^ | 05/21/2018 | Heather Long
    It was easy to miss the U.S.-China trade statement that the White House released Saturday, right in the midst of royal wedding mania. But it's hard to hide that China looks as if it's winning President Trump's trade skirmish — so far. The statement said that, after several days of talks, the Chinese agreed to “substantially” reduce the United States' $375 billion trade deficit with China and that the details would be worked out later. It was noticeably vague. Notice China didn't agree to a specific amount. On Friday, Trump's top economic adviser, Larry Kudlow, was telling reporters that the...
  • China reportedly considers scrapping two-child limit per family

    05/21/2018 6:31:55 AM PDT · by Poison Pill · 25 replies
    CNBC ^ | 5/21/2018 | Shafi Musaddique
    China is reportedly planning to scrap its controversial two child-policy.The country imposed a one-child policy for decades.China's birthrate has been declining rapidly since the 1980s and has become a pressing concern for President Xi JinPing as he looks to develop the economy.
  • Has China succumbed to the art of the deal?

    05/20/2018 10:01:19 AM PDT · by Kaslin · 9 replies
    Hot Air.com ^ | May 20, 2018 | JAZZ SHAW
    >How real is the deal? We may not know for a couple of weeks yet (if not longer) but recent talks between China and the United States have resulted in an initial announcement that Beijing will prioritize closing the trade gap with the U.S. by purchasing significantly greater amounts of goods. Included in the few details offered thus far is a plan to increase both agricultural and energy exports from America. While China’s Foreign Ministry disputed some of the target amounts, the rest of the announcement looks as if it may soon become a reality. (CNN) Both parties said in...
  • China agrees to purchase more U.S. goods after trade talks with Trump officials

    05/19/2018 11:53:21 AM PDT · by jazusamo · 27 replies
    The Washington Times ^ | May 19, 2018 | Dave Boyer
    China has agreed to “meaningful increases” in its purchase of U.S. agriculture and energy exports to help reduce the U.S. trade deficit, both countries said Saturday after wrapping up two days of high-stakes trade talks in Washington. A joint statement released by the White House said negotiators from both sides found “consensus on taking effective measures to substantially reduce the United States trade deficit in goods with China.” “To meet the growing consumption needs of the Chinese people and the need for high-quality economic development, China will significantly increase purchases of United States goods and services,” the statement said. “This...
  • Beijing showing signs of compromise in trade talks with US

    05/18/2018 10:39:01 PM PDT · by Olog-hai · 14 replies
    Associated Press ^ | May 18, 2018 5:26 PM | Paul Wiseman and Kelvin Chan
    China is sending conciliatory signals as U.S. and Chinese negotiators meet in Washington to try to head off a trade war between the world’s two biggest economies. Beijing has dropped an anti-dumping investigation into imported U.S. sorghum, which it had accused the United States of unfairly subsiding. It has also given approval for a U.S. private equity firm to buy Toshiba’s memory chip business. Those gestures could suggest a thaw with the U.S. as trade talks went on for a second day Friday in Washington. “China has come to trade,” Larry Kudlow, the top White House economic adviser, told reporters....
  • Trump doubts China trade negotiations will succeed (four hours ago)

    05/17/2018 4:33:16 PM PDT · by cba123 · 11 replies
    CNBL ^ | 5/18/2018 | Jacob Pramuk
    "Will that be successful? I tend to doubt it," the president said during an appearance with NATO Secretary-General Jens Stoltenberg. "The reason I doubt it is because China has become very spoiled. The European Union has become very spoiled. Other countries have become very spoiled, because they always got 100 percent of whatever they wanted from the United States." "But we can't allow that to happen anymore," Trump added. (please see full story at link)
  • Denmark's Maersk Tankers ends Iran shipping after renewed US sanctions

    05/17/2018 9:43:01 AM PDT · by Salman · 10 replies
    The Local (Denmark) ^ | 17 May 2018 | AFP/The Local
    Danish shipping group Maersk Tankers on Thursday said it would cease its activities in Iran due to the US decision to leave a landmark nuclear deal and reimpose sanctions against Tehran. Maersk Tankers would honour customer agreements entered into before May 8th, but then wind them down by November 4th, "as required by the reimposed US sanctions," the company told AFP. The group said it "has been transporting cargoes for customers in and out of Iran on a limited basis," without providing precise figures for its activities.
  • Rubio: #ZTE issue should have nothing to do with broader trade talks.

    05/16/2018 12:22:39 PM PDT · by conservative98 · 13 replies
    Marco Rubio Twitter ^ | May 16, 2018 | Marco Rubio
    Marco Rubio ‏ Verified account @marcorubio Follow Follow @marcorubio More #ZTE issue should have nothing to do with broader trade talks. What is the point of cancelling Iran deal if we aren’t going to sanction those like ZTE who help Iran avoid sanctions? Plus ZTE helps #China spy on America & steal our intellectual property.
  • TRUMP IS STARTING TO SPOOK THE LEFT

    05/13/2018 9:10:46 PM PDT · by Hojczyk · 54 replies
    Powerline ^ | May 13,2018 | Steven Hayward
    Did anyone happen to catch David Brooks’s latest column, “Donald Trump’s Lizard Wisdom,” in the New York Times? I about fell out of my chair, because Brooks almost tacitly admits that maybe he was wrong about Trump. Referring to Trump’s experience dealing with the mobbed-up New York construction scene in his long real estate career, Brooks says: And yet I can’t help but wonder if that kind of background has provided a decent education for dealing with the sort of hopped-up mobsters running parts of the world today. There is growing reason to believe that Donald Trump understands the thug...
  • Dow Jones Futures Rise On Trump China Tweets; Keep Eye On This Tech Group

    05/13/2018 5:36:56 PM PDT · by John W · 7 replies
    Investor’s Business Daily ^ | May 13, 2018 | Ed Carson
    Dow Jones futures today rose modestly vs. fair value, along with S&P 500 futures and Nasdaq futures. President Donald Trump tweeted that it "will all work out" on U.S.-China trade. He also tweeted that he wants to help China's ZTE "get back into business, less than a month after the U.S. banned domestic companies from selling components to the telecom gear giant. That could be good news for U.S. optical stocks such as Oclaro, Finisar, Acacia Communications and Lumentum Holdings which also is an Apple iPhone supplier.
  • Trump says he's working with Chinese president to get ZTE 'back into business, fast'

    05/13/2018 12:41:49 PM PDT · by Poison Pill · 18 replies
    CNBC ^ | 5/13/2018
    U.S. President Donald Trump said on Sunday that he and Chinese President Xi Jinping are working to give Chinese telecom company ZTE Corp "a way to get back into business, fast."ZTE earlier this month suspended its main operations after the U.S. Commerce Department banned American supplies to its business.As one of the world's largest telecom equipment makers, ZTE relied on U.S. companies such as Qualcomm and Intel for components.
  • China tech giant crippled, US imports held amid trade spat

    05/10/2018 5:22:52 AM PDT · by Olog-hai · 19 replies
    Associated Press ^ | May 10, 2018 7::44 AM | Kelvin Chan
    A Chinese tech giant brought to its knees and delays for imported U.S. cars, apples, lumber and other agricultural products are early signs the widening trade dispute between China and the U.S. is exacting a toll on both sides. More talks aimed at resolving the conflict are planned for next week in Washington, while both sides dig in for a fight over their trade imbalance. The tech company, telecommunications equipment and smartphone maker ZTE, said Wednesday that it’s ceasing “major operations” after the U.S. last month banned it from doing business with American suppliers for seven years as a punishment...
  • Don’t Try to Blackmail Us on Nafta, Mr. President

    05/11/2018 5:23:40 AM PDT · by reaganaut1 · 43 replies
    Wall Street Journal ^ | May 10, 2018 | Pat Toomey
    The Trump administration will soon unveil a “new” North American Free Trade Agreement. U.S. trade negotiators have sought, among other things, to limit its duration, impose new domestic content requirements on certain products, and weaken investor legal protections. Even with these protectionist features, congressional Democrats are unlikely to vote for President Trump’s Nafta 2.0. He will need the support of pro-trade Republicans like me to ensure passage of any new agreement. To pressure us into voting for an agreement that diminishes free trade, some in the administration suggest offering a grim choice: either approve a diminished Nafta, or the president...