Keyword: tariffs
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Today’s Campaign Update (Because The Campaign Never Ends) Hey, remember when all the “experts” were telling you that President Donald Trump could not possibly successfully renegotiate the 25 year-old NAFTA deal? – Yeah, they were wrong about that, too. Donald J. Trump ✔ @realDonaldTrump Late last night, our deadline, we reached a wonderful new Trade Deal with Canada, to be added into the deal already reached with Mexico. The new name will be The United States Mexico Canada Agreement, or USMCA. It is a great deal for all three countries, solves the many...... 5:30 AM - Oct 1, 2018 32.5K...
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Stocks rose sharply on Monday as investors cheered news of Canada joining a trade deal with the United States and Mexico. The Dow Jones Industrial Average rose 264 points as American Express and Boeing outperformed. The S&P 500 gained 0.8 percent, led by 1 percent jumps in materials and industrials. The Nasdaq Composite advanced 0.7 percent as Amazon and Apple both climbed more than 1 percent. "The biggest risk factor [in the market] is a trade war and we've dialed that down a bit," said Mike Bailey, director of research at FBB Capital Partners. Bailey noted, however, the market may...
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e are going to get relief from the trade wars between the United States and China. I don’t see how he did it, but President Trump actually worked his magic again. I was concerned about the long list of products on the Tariff List, but new imports from Canada and Mexico will help this Country to bear the tariffs on goods imported from China. The list made me realize we have to start making these products here in the United States. We cannot allow any Country to hold us hostage, because we cannot produce the products here. It makes no...
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Regardless of whether Supreme Court nominee Brett Kavanaugh is ultimately confirmed by the Senate or not, the circus surrounding it will have a tremendous impact on our body politic. The #MeToo movement, which has helped many female victims receive long-begotten justice in high-profile cases, is now being utilized as a partisan weapon by the Democratic Party, who will stoop to any level to manipulate the emotions of the citizenry to win November's crucial mid-term elections.All Republicans need to take a deep breath, shake themselves out of their cloud of anger, and try to learn lessons from the chaos and calamity...
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No doubt, Trump-haters will portray this move by China as minor and meaningless, for they cannot admit any success on the part of the 45th president of the United States. And so far, details are lacking, but this bulletin from Reuters reports that a "wide range of products" are to benefit from Chinese tariff cuts: China will cut import tariffs on textile products and metals, including steel products, to 8.4 percent from 11.5 percent, effective Nov. 1, the finance ministry said on Sunday. ... Earlier in July, China reduced import tariffs on a range of consumer items including apparel, cosmetics, home appliances,...
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BEIJING (Reuters) - China will cut import tariffs on textile products and metals, including steel products, to 8.4 percent from 11.5 percent, effective Nov. 1, the finance ministry said on Sunday.
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Is the United States ‘trade bullying’ like China says? If so, what is this going to do to the average American – like you and me? Tariffs have a direct effect on all American clothing and many of the people and businesses we work with. A tariff is a tax on goods imported into a country. This tax is a percentage of the total cost of the product. which includes insurance and freight. It goes without saying a tariff will raise prices on imported goods. Tariffs are waived when countries form free trade agreements with each other. Businesses use trade...
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Watch "President Trump Addresses the 73rd Session of the United Nations General Assembly" on YouTube https://youtu.be/q6XXNWC5Koc This speech is so damned incredible, I must post the link in case anyone here has not watched it. Unbelievable clarity and conviction.
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Prime Minister Justin Trudeau wrapped up his visit to the United Nations on Wednesday, and although he did not have a personal meeting with U.S. President Donald Trump, he said not to “read into it.” Trudeau was referring to an interaction between the two leaders at the annual UN General Assembly on Tuesday. The prime minister was greeting other leaders around a table Trump was sitting at, and after a few handshakes, he approached the president, who looked like he was reading notes on the toast he was about to give at the luncheon. The two exchanged a quick handshake,...
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Past administrations have called out China for violating the internationally agreed-upon rules of trade for decades. After countless high-level talks, admonitions and appeals, China did nothing to change its cheating ways. President Trump has dispensed with the talk and taken action, slapping tariffs on billions of dollars of goods China exports to the United States at artificially low prices. Naysayers predicted the president’s tariffs would tank the stock market and drag down the economy. But the Dow is posting record gains, unemployment is at a 49-year low and the economy remains strong. The forecasters are at a loss to explain...
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A day after a bruising round of new tariffs came into effect, China ramped up its criticism of the U.S. in a news conference of six top trade and industry officials, portraying itself as a virtuous defender of global trade and the Trump administration as hurting the global economy. Hardening China's tone, trade negotiator Wang Shouwen said new U.S. tariffs on $200 billion in Chinese goods were so massive that it made trade talks impossible. "Now that the United States has adopted such huge restrictive measures, like holding a knife to someone's neck, how can negotiations proceed?" said Wang at...
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“Consumers are paying the price” for President Trump’s tariffs, CNN claims. Millions will feel the pinch; many thousands will lose their jobs. What CNN fails to mention is that millions of Americans already feel the pinch, and millions more have already lost their jobs. Why? Chinese consumers won’t pay the price for American exports: China steals up to $600 billion in American intellectual property (IP) every year. Trump understands that tariffs are a powerful political tool that can — and should — be used to force China to pay for their crimes. Most Americans have only a fuzzy understanding of...
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The United States cannot win its tariff war with China, regardless of what President Donald Trump says or does in the coming months. Trump believes he has the upper hand in this conflict because the US economy is so strong, and also because politicians of both parties support the strategic objective of thwarting China’s rise and preserving US global dominance. But, ironically, this apparent strength is Trump’s fatal weakness. By applying the martial arts principle of turning an opponent’s strength against him, China should easily win the tariff contest, or at least fight Trump to a draw. […] In handicapping...
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Bill Maher may have made his cruelest and most ill-informed comment yet -- and that says a lot, given his track record -- on his HBO show Friday night. Maher, during a discussion of the economy under Donald Trump, acknowledged that it was "going pretty well." Then Maher, the sometime liberal, shared his hope that the economy would tank to hurt Trump politically: "I feel like the bottom has to fall out at some point. And by the way, I'm hoping for it. I think one (way) you get rid of Trump is a crashing economy." He then jaw-droppingly added,...
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Gov. Andrew Cuomo (D-NY), anxious to build on the momentum set in motion by his earlier assertion that “America was never that great,” demanded a better measure of the nation's economic health. “I know that the Trump Administration is touting last quarter's 4.2% rise in GDP as a sign that the economy is booming,” the Governor observed. “But is this really the best measure we can come up with? GDP growth never got as high as 3% during the Obama Administration. But can we really say that Americans weren't better off then?” “The problem with GDP is that it is...
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Our families will thrive. Our people will prosper. And our nation will forever be safe and strong and proud and mighty and free. President Donald J. Trump 500 DAYS: In his first 500 days in office, President Donald J. Trump has achieved results domestically and internationally for the American people. Since taking office, President Trump has strengthened American leadership, security, prosperity, and accountability. After 500 days, the results are clear: the American economy is stronger, American workers are experiencing more opportunities, confidence is soaring, and business is booming. President Trump has re-asserted American leadership on the world stage, secured vital...
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U.S. President Donald Trump will fail in his confrontation with Iran, just like Iraq's Saddam Hussein, Iranian President Hassan Rohani said on Saturday, referring to the war between the two Middle Eastern powers and vowing that Tehran will not abandon its missiles. Tensions have ramped up between Iran and the United States after Trump withdrew from a landmark multilateral nuclear deal in May and reimposed sanctions on the Islamic Republic last month.
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President Trump announced this week he would levy 10 percent tariffs on some $200 billion worth of Chinese goods. The tariff is scheduled to take effect on September 24, and is slated to increase to 25 percent by year’s end. Of course, China pledged to retaliate with tariffs of “equal scale and equal strength.” This has some American exporters worried. After all, China is the fourth-largest buyer of American goods. Even more important to these exporters, the Middle Kingdom is the world’s largest untapped consumer market. China is El Dorado—were it only open for business. GOP bigwigs agree, and are...
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As of July 2015, the USA's annual trade deficit of $803B was more then the next 14 largest debtor nations combined!
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If you like what you’ve seen Democrats do in the Brett Kavanaugh hearings, you’re going to love what they do if they win the 2018 midterm elections. They began by trying to prevent the hearings from taking place at all, interrupting repeatedly and demanding votes on frivolous points of order. Then they praised the left-wing radical “protesters” who disrupted proceedings. Then they broke the rules and released confidential information. Now, they want Kavanaugh to face a Kafkaesque show trial. The Democrats are doing their worst because a Supreme Court seat is at stake, and their base will accept nothing less....
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