Keyword: commerce
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Nvidia, the world’s undisputed leader in chipmaking, says it will invest hundreds of billions of dollars over the next four years on its U.S.-based manufacturing operations — part of the manufacturing renaissance under President Donald J. Trump as he solidifies the U.S. as the global leader in artificial intelligence.“Having the support of an administration who cares about the success of this industry and not allowing energy to be an obstacle is a phenomenal result for AI in the U.S.,” said Nvidia CEO Jensen Huang.Here’s what they’re saying:Axios: “It’s another win for President Trump’s push to increase U.S. manufacturing, with a...
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We now have more information on the corruption involved in the pause in LNG exports. Joe Biden approved the pause but didn’t know he did. When questioned by Speaker Johnson, Biden said he wouldn’t do that. During the Houthi attacks and the Ukraine crisis, Biden paused all LNG shipments to Europe. He halted the approval process for export licenses and facilities being built/planned to save the climate. A Louisiana judge granted a stay. It turns out that Secretary Granholm, a wholly unprincipled agent for the hard left, buried a report with data and conclusions refuting the premise they used to...
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The U.S. military conducted wide-ranging air strikes against Houthi targets in Yemen on Saturday, President Trump said. Why it matters: It was the biggest wave of U.S. strikes in Yemen since Trump assumed office. A U.S. official said Saturday's strikes were not a one-off but the start of a series of "relentless" U.S. strikes against the Houthis that are expected to last for days or maybe even weeks. Driving the news: According to local reports in Yemen, numerous explosions took place in Sana'a around 1:30pm ET. Trump said the strikes were aimed at "terrorists' bases, leaders, and missile defenses." Behind...
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Anyone who took Trump’s statements about Canada as merely overheated bluster will have to rethink their assessment of him after his latest Oval Office statements. In one of his classic ‘allow me to unconfuse you’ moments, Trump spells out exactly what he meant when he made his most provocative statements about Canada being absorbed into the United States. “I’m not going to bend at all.” ‘Canada only works as a state’, he says. He’s even talking up how great it would be as a state. But the flip side of that coin is simple: Canada, as it is currently being...
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The Trump administration is wasting no time reversing President Joe Biden's disastrous energy policies and is already opening up new lanes of production less than two months after being sworn into office. Last week Interior Secretary Doug Burgum and Energy Secretary Chris Wright traveled to Louisiana to announce new liquified natural gas exports are back in business. Bergum and Wright were hosted by Venture Global, which committed to $18 billion in new energy investments. "Venture Global announced plans for a brownfield expansion at its Plaquemines LNG facility south of New Orleans, Louisiana. Joining Venture Global for the announcement was Secretary...
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Canada and Europe, to the U.S.: “How dare you do to us what we did to you long ago! What gives you the right to do to us what we're doing to you now?!” Canada and several European nations (as well as other nations, such as China) have long placed tariffs on American goods, and/or subsidized their businesses and industries placing them at a distinct advantage over their American counterparts. Yet they, almost without exception, go ballistic when the U.S. reciprocates. This seems exceedingly odd, hypocritical-- and outright ungrateful-- as the United States essentially rebuilt much of Europe after the...
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China went from controlling less than 5% of the global ship building market in 1999 to more than 50% today, while pushing its direct ownership of the commercial world fleet to nearly 20%. They did so by largely unfair and illegal actions. Trump administration has proposed serious penalties to not only Chinese built ships that dock in US ports, but also, penalties to any company docking a ship at US ports that has a Chinese built ship in their fleet. Trump administrations policy of America First, is far far more than simply tariffs.
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Commerce Secretary Howard Lutnick said Sunday that Americans should “absolutely not” brace for a recession as President Donald Trump plans to implement far-reaching reciprocal tariffs on goods from foreign countries. “There’s going to be no recession in America. ... Global tariffs are going to come down because President Trump has said, ‘You want to charge us 100%? We’re going to charge you 100%,’” Lutnick told NBC News’ “Meet the Press.” Lutnick argued that Trump plans to “unleash America out to the world” and “grow our economy in a way we’ve never grown before.” “So, if Donald Trump is bringing growth...
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.."For 40 years, we’ve seen the devastating effects of so-called 'free trade' on the working class," the UAW, headed by Shawn Fain, said in a press release. "Corporations have been driving a non-stop race to the bottom by killing good blue-collar jobs in America to go exploit some poor worker in another country by paying poverty wages. Tariffs are a powerful tool in the toolbox for undoing the injustice of anti-worker trade deals." "We are glad to see an American president take aggressive action on ending the free trade disaster that has dropped like a bomb on the working class,"...
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U.S. Treasury Secretary Scott Bessent said on Friday that Mexico has proposed matching U.S. tariffs on China in a move that he described as “very interesting” and one that Canada should match.
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Tariffs are taxes charged on goods imported from other countries. The companies that bring the foreign goods into the country pay the tax to the government. Typically, tariffs are a percentage of a product's value. The 10% tariff on Chinese goods means a product worth $10 would have an additional $1 charge applied to it. Tariffs are a central part of Trump's economic plans. He promised to introduce import duties against some of America's main trade partners during his election campaign.He says tariffs will boost US manufacturing and protect jobs, as well as raising tax revenue and growing the economy.How...
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WASHINGTON — President Trump revealed Friday that he’s considering merging the US Postal Service with the Commerce Department. Trump told reporters in the Oval Office that his administration is looking at a “merger” of the two government institutions to increase efficiency. “We want to have a post office that works well and doesn’t lose massive amounts of money, and we’re thinking about doing that, and will be a form of a merger, but it’ll remain the Postal Service, and I think it’ll operate a lot better than it has been over the years,” Trump said. He had floated the consideration...
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https://x.com/TonySeruga/status/1886110888731840537Just love how uneducated both Americans and Canadians truly are.Here are just some historic tariffs Canada hits America with.Milk: 270%Cheese: 245%Butter: 298%Chicken: 238%Sausages: 69.9%Barley seed: 57.8%Bovine/meat: 26.5%Cars: 25%HVAC: 45%Vacuums: 35%Cable boxes: 35%TVs: 45%Steel: 25%Aluminum: 45%Copper: 48%Take a guess how much financial aide the U.S. sends Canada EVERY YEAR and how much military defense $$$$ we provide?
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Hong Kong will file a complaint on recent US tariffs imposed on the city to the World Trade Organization, claiming the United States has completely ignored the city's status as a separate customs territory, chief secretary Eric Chan said on Tuesday (Feb 11). "This is absolutely inconsistent with the WTO rules. Of course, they have totally disregarded Hong Kong is a separate customs territory," Chan, the China-ruled city's number two official, told reporters. "We will file a complaint to the WTO regarding this unreasonable arrangement," he said without giving specifics. Chan was responding to a US decision to impose 10...
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The United States Postal Service announced Tuesday night that it is temporarily suspending accepting packages sent from China and Hong Kong until further notice. The suspension is effective immediately, the USPS said. Letters and flats are not included in the suspension, it said. The postal service did not provide a reason for the suspension or say how long it expects the suspension to last.
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President Trump has now started implementing his promise to impose new or additional tariffs on goods from various countries, starting with China, Canada, and Mexico. Trump already imposed tariffs in 2018 against various countries. Now, once again, the media are all over how prices are going to jump for consumers because tariffs are a “regressive consumption tax,” and how tax receipts from tariffs won’t go up, etc. etc. Now we’ll look at what tariffs did and didn’t do last time. One, they didn’t trigger inflation, which stayed below the Fed’s target. Two, they more than doubled tax receipts from customs...
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Mexican President Claudia Sheinbaum immediately responded to President Donald Trump’s implementation of tariffs on Monday by vowing to post 10,000 troops along its shared northern border with the United States. In return, Trump agreed to delay tariffs for a month while he finalizes an agreement on security and trade with Sheinbaum. The agreement came after the two leaders spoke earlier about Trump’s 25 percent tariffs on goods from Mexico. “We put tariffs on, they owe us a lot of money, and I’m sure they’re going to pay,” Trump told reporters of Mexico Sunday night. After Monday’s conversation, Sheinbaum posted on...
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With federal Parliament paralyzed and a lame-duck Prime Minister Trudeau biding his time until his successor takes the reins, tensions are boiling over as Canada plunges toward economic chaos. Canada is in the midst of a political dumpster fire, and instead of looking better, things are looking increasingly chaotic. The country is without federal leadership, with Prime Minister Justin Trudeau’s government paralyzed and Parliament prorogued earlier this month amid dwindling approval ratings. With no government in action, Canadians are left in a state of turmoil — while the Trudeau Liberals focus on a leadership campaign rather than addressing the looming...
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Sylvester Stallone, Mel Gibson, and Jon Voight As President Donald Trump selected Mel Gibson to be one of his Special Ambassadors with the purpose of promoting business in Hollywood, the actor explained why he chose to stay in California while several celebrities packed their bags. "A lot of people have left, and I don't blame them," Gibson said during an appearance on "Hannity." "It didn't suit them anymore. Even… people who were liberal, it didn't suit them anymore. But if everybody leaves, what's going to happen?" Gibson’s comments come as Fox News host Sean Hannity shared that he left New...
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When it comes to trading and investing, elections don’t just elect leaders…They ignite or douse market trends.That’s why Wall Street wasn’t just watching the presidential election… It was bracing for what could be another seismic shift.The last time Trump rode to victory in 2016, markets trembled, then soared. That election night saw Dow futures plunge 800 points as traders caught their breath, only to witness a reversal that kicked off a remarkable bull run. The Dow soared 56% through 2019.Now, with Trump set to begin his second term, smart money is positioning for what could be another wild ride.The Deregulation...
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