Keyword: trade

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  • Trump's dinner for Modi, a first for a visiting leader

    06/23/2017 10:44:02 PM PDT · by Jyotishi · 12 replies
    PTI, ^ | Saturday, June 24, 2017 | Lalit K. Jha
    Seeking to "roll out a red-carpet welcome" to Prime Minister Narendra Modi, US President Donald Trump would host him for a working dinner at the White House on Monday, the first of its kind under this administration. "The White House is very interested in making this a special visit. We're really seeking to roll out the red carpet. In fact, the two (leaders) will have dinner, a working dinner at the White House. “This will be the first dinner for a foreign dignitary at the White House under this administration. So, we think that's very significant," a senior administration official...
  • US will need India to counter China: US think tank

    06/23/2017 10:20:20 PM PDT · by Jyotishi · 8 replies
    The Pioneer ^ | Friday, June 23, 2017 | Press Trust of India
    Washington -- Even as the Trump administration is cosying up to the Chinese, the US will need India to counter Beijing's growing influence in the world, a top American think-tank has said. Describing India as a "key piece in the jigsaw" for the US, the Atlantic Council urged the Trump administration to prioritise its ties with New Delhi. "Given the advancements that China has made both economically and militarily, the US will need to channel considerable resources to assert its global and regional primacy," Atlantic Council, a top American think-tank said in a policy paper 'Transforming India from a Balancing...
  • Morning in America Here in America: Debate over America First & manufacturing enters a new phase

    06/23/2017 11:16:13 AM PDT · by 2ndDivisionVet · 1 replies
    The American Spectator ^ | June 23, 2017 | Peter Roff
    Up until Donald Trump’s election it looked like the trade wars were largely over. Policymakers in both parties seemed to have accepted full integration of the United States into the global economy was both a good and a goal. Trump turned that on its head. He built his Electoral College majority on the resentment of folks who believed free trade and global commerce helped create jobs for other people in other places while leaving them behind. It’s a powerful message that’s starting to resonate in Congress. Even Texas Rep. Kevin Brady, chairman of the House Committee on Ways and Means...
  • Donald Trump is a willing listener ‘you can work with,’ Trudeau says

    06/22/2017 2:30:08 PM PDT · by 2ndDivisionVet · 32 replies
    The Toronto Star ^ | June 22, 2017 | Daniel Dale, Washington Bureau
    Trudeau complimented Trump but downplayed his importance to the Canada-U.S. relationship in an interview at the University of Toronto on Thursday, saying that the U.S. president “knows how to interact socially on a very effective level.” According to Prime Minister Justin Trudeau, U.S. President Donald Trump is a willing listener with good social skills who keeps his word and is open to changing his mind when presented with opposing positions. Trudeau, who has made a determined effort to avoid angering the mercurial president, offered his complimentary assessment in a public interview with two New York Times journalists at the University...
  • China opens gates to US beef imports [and natural gas/ some financial services]

    06/21/2017 8:34:11 PM PDT · by GonzoII · 30 replies
    AFP/Yahoo ^ | 21 June 2017
    Beijing (AFP) - China opened its gates to US beef imports this week, giving American cattle farmers much sought-after access to the country's massive market following a 14-year ban. Shipments of eligible US beef have been allowed to enter China since Tuesday, the General Adminstration of Quality Supervision, Inspection and Quarantine said in a statement. Announced last month, the lifting of the beef embargo was one of the first concrete results of trade discussions that began when Chinese President Xi Jinping met with Donald Trump at the US leader's resort in Florida in April.
  • Market Volatility Has Vanished Around the World

    06/19/2017 7:34:06 PM PDT · by jonno · 25 replies
    As Wall Street’s ‘fear gauge’ nears all-time lows, one commonly used measure shows Asian equities near their least volatile this century. The calm that has descended on U.S. financial markets is stretching around the world. Based on one commonly used measure, Asian equities are near their least volatile this century—a byproduct of improving corporate earnings, stabilizing economic growth and the diminishing impact of geopolitical events on markets. In the U.S., Wall Street’s “fear gauge” is near all-time lows, and in Europe, volatility has also largely subsided.
  • Avra Valley I-11 Proposals Draw Opposition at Tucson Meetings

    06/05/2017 5:14:32 AM PDT · by Tolerance Sucks Rocks · 6 replies
    Arizona Public Media ^ | May 9, 2017 | Zachary Ziegler
    There were not many open seats at a pair of meetings last week over proposed routes that would send Interstate 11 through the Tucson area. Many of those in attendance were there to speak against two of the alternatives, which run west of Saguaro National Park West in the Avra Valley.“I understand the need to provide ways for people to move around," said Kimberly Baeza, "But it doesn't have to come at the expense of our open landscapes and beautiful Sonoran Desert.”The meeting is part of the second step in selecting the route I-11 could take through Arizona. The freeway...
  • Trump hails signing of trade deals worth 'billions' with Vietnam

    05/31/2017 5:31:50 PM PDT · by 2ndDivisionVet · 55 replies
    Channel NewsAsia ^ | June 1, 2017 | Reuters
    US President Donald Trump discussed trade with Vietnamese Prime Minister Nguyen Xuan Phuc during a White House visit on Wednesday (May 31) and welcomed the signing of business deals worth billions of dollars and the jobs they would bring. General Electric Co said it had signed deals with Vietnam worth about US$5.58 billion for power generation, aircraft engines and services, its largest ever single combined sale with the country. "They just made a very large order in the United States - and we appreciate that - for many billions of dollars, which means jobs for the United States and great,...
  • Thanks to Mexican dumping, you can say aloha to Hawaiian sugar (opinion)

    05/31/2017 6:58:54 AM PDT · by huldah1776 · 37 replies
    Washington Examiner ^ | May 30, 2017 | James Martin
    Those of us of a certain age have a real attachment with Hawaii. We defended her when Japan attacked. We celebrated when she officially became a state in 1959. And we dreamed of vacations on her picturesque beaches. We also remember those commercials about sweet Hawaiian sugar for which the islands were synonymous. Not anymore. Hawaii stopped producing sugar entirely in December, after more than a century in the business. Not because Hawaii isn't good at producing sugar — it was one of the best. It's because Mexico violated United States trade laws, dumped subsidized sugar on the market, distorted...
  • US should focus on the economy and skip irrelevant talking forums

    05/29/2017 10:05:04 AM PDT · by Lorianne · 6 replies
    CNBC ^ | 29 May 2017 | Dr. Michael Ivanovitch
    Given the vacuity of last week's European meetings, one may question why was it necessary for the U.S. president to spend four days and all that money to repeat for the nth time to people who took $165 billion net out of their U.S. trade in 2016 what he has been telling them over the last two years. No European leader has been in any doubt for quite some time that (a) trillions of dollars in U.S. trade deficits and a soaring net foreign debt of $8.1 trillion could not continue, (b) trade policies would be reviewed with particular attention...
  • Trump Signals New US Approach to China With Tough Actions

    05/29/2017 12:14:22 PM PDT · by Tolerance Sucks Rocks · 8 replies
    The Daily Signal ^ | May 26, 2017 | Dean Cheng
    Two developments in the past few weeks suggest that America’s China policy is on a cusp.The more publicly discussed event involves the Arleigh Burke-class destroyer USS Dewey, which conducted a freedom of navigation operation near Mischief Reef in the Spratlys island group.This is the first freedom of navigation action conducted by the Trump administration. It is the first true freedom of navigation conducted since at least 2012.By contrast, the Obama administration had undertaken a handful of “innocent passage” activities in the South China Sea, which failed to demonstrate the critical issues at stake.The actions carried out in the previous administration...
  • Largest Ship to Visit U.S. East Coast Arrives in Savannah (Mega Container Ship)

    05/12/2017 6:26:57 AM PDT · by Rebelbase · 36 replies
    gCaptain ^ | 5/11/17 | gCaptain
    COSCO Development passes River Street in downtown Savannah, Georgia. Photo: Georgia Ports Authority/Stephen Morton PhotographyThe largest ship to ever visit the U.S. east coast arrived at the port of Savannah on Thursday after traveling through the expanded Panama Canal from Asia. The COSCO Development entered the mouth of the Savannah River at about 7 a.m. Thursday morning, drawing large crowds of spectators as it made its way past Savannah’s downtown River Street and under the Talmadge Memorial Bridge before docking at the Garden City Terminal at around 11 a.m. With 13,092 TEU capacity and measuring 366 meters long by 48.2...
  • China Plans $1 Trillion New ‘Silk Road’: Aims to re-create Marco Polo's ancient trade route

    05/12/2017 6:42:43 AM PDT · by SeekAndFind · 22 replies
    NBC News ^ | 05/12/2017
    BEIJING — China is aiming to re-create Marco Polo's ancient "Silk Road" that connected Europe to Asia. But instead of the camels and caravans that transported spices and silk hundreds of years ago, a $1.4 trillion network of modern trading routes would be built. On Sunday, Chinese President Xi Jinping will host 28 heads of state at the opening of a two-day summit focusing on the so-called "Belt and Road" initiative. Analysts suggest the project could shift the center of global economy and challenge the U.S.-led world order. Beijing hopes the gathering will rally international support for the plan. Xi's...
  • Senate confirms Trump's chief trade negotiator

    05/11/2017 1:11:49 PM PDT · by monkapotamus · 20 replies
    The Hill ^ | May 11, 2011 | Vicki Needham
    The Senate on Thursday easily confirmed President Trump’s nominee for United States trade representative. After months of delays, Robert Lighthizer sailed through in an 82-14 confirmation vote. The bulk of the Trump administration’s trade agenda has been in a holding pattern, leaving issues such as the renegotiation of the North American Free Trade Agreement (NAFTA) and the direction of future global deals up in the air while Lightizer waited for Senate approval... Republican Sens. John McCain (Ariz.) and Ben Sasse (Neb.) had written a letter to Lighthizer saying they would oppose his nomination because “your confirmation process has failed to...
  • Two GOP senators come out against Trump trade nominee

    05/11/2017 5:34:02 AM PDT · by Dave346 · 36 replies
    The Hill ^ | 05/10/17 07:40 PM EDT | Sylvan Lane
    Two Republican senators announced Wednesday that they will oppose Robert Lighthizer, President Trump’s nominee for United States Trade Representative, ahead of his likely confirmation this week. Sens. John McCain (Ariz.) and Ben Sasse (Neb.) told Lighthizer in a letter released Wednesday that they’d vote against him because “your confirmation process has failed to reassure us that you understand the North American Free Trade Agreement’s (NAFTA) positive economic benefits to our respective States and the nation as a whole.” “We fear that you do not have an appreciation for the millions of jobs created by this free trade deal, and that...
  • Two GOP senators come out against Trump trade nominee

    05/10/2017 5:05:23 PM PDT · by jazusamo · 61 replies
    The Hill ^ | May 10, 2017 | Sylvan Lane
    Two Republican senators announced Wednesday that they will oppose Robert Lighthizer, President Trump’s nominee for United States Trade Representative, ahead of his likely confirmation this week. Sens. John McCain (Ariz.) and Ben Sasse (Neb.) told Lighthizer in a letter released Wednesday that they’d vote against him because “your confirmation process has failed to reassure us that you understand the North American Free Trade Agreement’s (NAFTA) positive economic benefits to our respective States and the nation as a whole.” “We fear that you do not have an appreciation for the millions of jobs created by this free trade deal, and that...
  • Erdogan ‘won’ his referendum, but what does that mean for Turkey’s foreign policy?

    05/10/2017 6:47:35 AM PDT · by Texas Fossil · 9 replies
    KOM News ^ | 9 May 2017 13:40 CEST | none stated
    President Erdogan's posters adorn Diyarbakir's main roads alongside Turkish flags, 1 April 2017. By Ahmet Erdi Öztürk and Salih Dogan*Victory for the “yes” side in the country’s April 16 constitutional referendum granting Turkish President Recep Tayyip Erdogan sweeping new powers has left commentators wondering whether his foreign policy still includes joining the European Union as a primary goal.EU leaders Donald Tusk and Jean-Claude Juncker will seek a meeting with Erdogan at the May 25 NATO summit in what could be the European Union’s last effort to find common ground with Turkey. But EU-Turkey tensions are high, and it would not be surprising...
  • The Religious Liberty Order is a Good Start, Here's What Needs to Happen Next

    05/04/2017 3:13:30 PM PDT · by detective · 8 replies
    Front Page ^ | May 4, 2017 | Daniel Greenfield
    President Trump's Religious Liberty executive order, like many of his orders, set out good general principles. The principles, e.g. "It shall be the policy of the executive branch to vigorously enforce Federal law's robust protections for religious freedom" are good. The actual legal authority is limited. It's a good start for a much broader program. The order largely takes on the Johnson Amendment. But as a practical matter, that needs to be repealed by Congress. And it should find its way to the agenda. President Trump can try to limit its enforcement, but as long as it's there, it's a...
  • Trade Ignorance and Demagoguery

    05/03/2017 5:14:40 AM PDT · by Kaslin · 3 replies ^ | May 3, 2017 | Walter E. Williams
    When we discuss international trade and balance of payments, there are two types of accounts. There is the current account, which includes goods and services imported and exported and receives the most political attention. In 2016, the American people imported $479 billion worth of goods and services from Chinese producers, and we sold $170 billion worth of goods and services to Chinese customers. That made for a $309 billion current account deficit. In other words, we purchase more goods and services from Chinese producers than Chinese consumers purchase from American producers. How much of a problem is it when there...
  • Negative Balance of Trade? So What?

    05/01/2017 9:56:07 AM PDT · by rey · 5 replies
    FEE ^ | 1 May 2017 | Robert Higgs
    The tendency of the USA to have a negative balance of trade (more accurately known as a negative balance on current account) played a prominent role in the recent U.S. presidential campaign. Donald Trump criticized this tendency repeatedly and promised that if elected he would take various actions to reduce or eliminate it. Like most members of the public, Trump views this negative balance as a highly undesirable, economically damaging condition. Despite the prominence of discussions of the negative balance of trade in recent times, however, it is likely that few people really understand much if anything about the system...