Keyword: tariffs
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About 3-in-4 American voters favor a populist-nationalist “America First” legal immigration, trade, and foreign policy platform from candidates running for office that prioritizes protecting the way of life and economic security of United States citizens above all else. The latest Harvard/Harris Poll finds near unanimous support for populist-nationalist candidates among Republicans, conservatives, and President Trump supporters, as well as a majority of support from all voters. The findings are the latest evidence that the open borders, globalization, and endless wars ideology of former administrations — such as President George W. Bush’s — has very little support with the American electorate.
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The Big Apple’s fast-food industry, The New York Times recently reported, has long served as a laboratory for progressive politicians and the nation’s labor machine.
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The long-awaited first read on Q4 GDP has just come out, with results better than expected: +2.6%, whereas analysts had been pivoting right around that 2.0% figure ahead of the release. The historically strong Q3 results were revised upward in its third and final headline: 3.5%. Even though it’s too early to take the long view of 2018 GDP as a whole, this 2.6% number joins the 2.2%, 4.2% and now 3.5% from the previous quarter to put preliminary GDP at 3.125%, or above 3% for the first time since prior to the Great Recession a decade ago. That this...
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The U.S. Trade Representative’s office said on Wednesday it would move to formally suspend a scheduled tariff increase on Chinese goods “until further notice” following President Donald Trump’s decision to delay his Friday deadline for a U.S.-China trade deal. The statement was issued after U.S. Trade Representative Robert Lighthizer’s testimony to the U.S. House Ways and Means Committee, in which he said USTR was following a legal process to implement the delay. “In accordance with the president’s direction, the Office of the United States Trade Representative will publish a notice in the Federal Register this week to suspend the scheduled...
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For the college-educated elite, work has morphed into a religious identity—promising identity, transcendence, and community, but failing to deliver... In his 1930 essay “Economic Possibilities for Our Grandchildren,” the economist John Maynard Keynes predicted a 15-hour workweek in the 21st century, creating the equivalent of a five-day weekend... In a 1957 article in The New York Times, the writer Erik Barnouw predicted that, as work became easier, our identity would be defined by our hobbies, or our family life... These post-work predictions weren’t entirely wrong. By some counts, Americans work much less than they used to. The average work year...
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Story Highlights: 58% say U.S. rates very or somewhat favorably in world's eyes 45% satisfied with U.S. position in the world Most say Trump not respected by foreign leaders
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Full headline: Winning: U.S., Chinese trade negotiators will ‘speed up’ talks as Beijing agrees to buy $1.2 trillion worth of American goodsTrade talks between U.S. and Chinese negotiators were extended for two days on Friday as both sides agreed to “speed up” talks in a bid to finalized an agreement ahead of a March 1 deadline when Washington planned to impose higher tariffs on some $200 billion worth of imported goods from China. Chinese Vice-Premier Liu He said Beijing and Washington would “redouble efforts and speed up negotiations” on trade, as talks aiming to end a tariff war between the...
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I now have been back in China for two years. I will be here for another two years, at least until October of 2020. After that I return to Florida. I want to give you some updated news from inside China. First, The Donald is winning the trade war…BIG TIME. As you know, I have been visiting or living in China for over 25 years. And based on that extensive knowledge, I can see the effects on the economy.
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Americans For Prosperity, a free-market advocacy group funded in part by the Koch network, has offered to help House Speaker Nancy Pelosi, D-Calif., pass legislation that would limit President Trump's ability to unilaterally impose new tariffs. "[W]e hope to work with your office to advance legislation to require congressional approval of any proposed tariffs," said AFP chief government affairs officer Brent Gardner and Freedom Partners Chamber of Commerce executive vice president Nathan Nascimento told Pelosi in a letter sent Friday and made public Wednesday. The group called on Pelosi to support the Bicameral Congressional Trade Authority Act, legislation jointly introduced...
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US trade officials are believed to have told President Donald Trump that European car imports harm US national security. German car makers are concerned that Trump could use the report to justify tariffs. Any decision by the US to label European car and auto-part imports a danger to US national security would be incomprehensible, the German Association of the Automotive Industry (VDA) has said. German car companies were responsible for more than 113,000 jobs at some 300 factories in the United States and were the biggest exporters of cars in the country, it said. “All this strengthens the United States,...
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OTTAWA (Reuters) - Canadian Foreign Minister Chrystia Freeland said on Saturday she had made clear in a meeting with U.S. House of Representatives Speaker Nancy Pelosi at the Munich Security Conference the importance of the U.S. lifting tariffs on steel and aluminum imports from Canada. Freeland said that while Canada is now focused on its domestic ratification process for the U.S.-Mexico-Canada (USMCA) trade deal, it remains strongly opposed to the Section 232 tariffs on steel and aluminum. “The Canada position is now that we have concluded (USMCA) that is all the more reason why the tariffs must be lifted,” she...
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Middle-Class Economics: USA Today ran a surprising story on Tuesday headlined "Can the middle-class revival under Trump last?" It's surprising — shocking really — because it might just be the first time a major news outlet has admitted that there has been a middle-class revival under Trump. We did a search for news stories that used the phrase "middle-class revival" since Trump took office. Other than the USAT story and a syndicated column written a year-and-a-half ago, we found none. Even a more generic search for "Trump middle class" turns up mostly stories about how Trump's tax cuts supposedly aren't...
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U.S. manufacturing is once again in the news. New data shows America’s factories adding 261,000 jobs from January 2018 to January 2019. In the State of the Union, President Trump emphasized the urgency of confronting predatory trade from countries like China. There’s no doubt that America’s manufacturers are currently rebounding. The tariffs that President Trump imposed a year ago on steel, aluminum, solar panels and washing machines have already created more than 11,000 new jobs. Even U.S. car companies are doing well at home. Ford’s North American operations posted a $2 billion profit in the fourth quarter, while GM’s North...
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United States Steel said Monday it will resume construction of a furnace in Alabama, adding 1.6 million tons of steelmaking capacity and hundreds of jobs. Construction on U.S. Steel’s mill in Jefferson County, Alabama, was suspended in 2015 after China’s overproduction caused a global steel glut that sent prices plummeting. The tariffs the Trump administration imposed last year have reduced the flow of foreign steel in the U.S. and allowed domestic makers to expand again. U.S. Steel Chief Executive Officer David Burritt said in a statement: Thanks to the President’s strong trade actions and improved market conditions, support from the...
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The Wall Street Journal has been against Trump’s trade tariffs, and any chance they get they will put blame on the tariffs for bad things, even when it is obvious they are not to blame. On Thursday they had a front-page story which attributed a wave of Chapter 12 bankruptcies (50 total in the U.S.) partially to small tariffs put in place by Trump in 2018. Any business reporter with a brain knows that those small tariffs had nothing to do with bankruptcies that occurred in 2018. Those farmers had to be struggling with too much debt for years, and...
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The U.S. trade deficit fell to $49.3 billion in November, the first decline after five straight months of increases. But on a year-over-year basis, the gap rose by 10.4 percent. The U.S trade deficit with its global partners fell in November for the first time after five straight months of increases as the shortfall with China and several other countries declined. Tightening the balance between imports and exports has been a major goal of the Trump administration, which last year started levying tariffs in an effort to close the gap. A release from the government Wednesday showed the gap had...
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Videos at link. The White House took a victory lap Friday after the Labor Department announced 304,000 jobs were created in January, some 139,000 more than economists anticipated. “Three hundred-thousand new jobs plus, 3.2 percent increase in wages, participation rates went up, hours worked went up, it doesn’t get much better than this,” National Economic Council Director Larry Kudlow said in a video posted to the White House Twitter page. “I hate to say I told you so folks,” he added. “We’re going at 3 percent plus, and I don’t care, you can line up 8,000 pessimistas, and they’re wrong....
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Full title: Newt Gingrich: Democrats and Never Trumpers will put Trump back in the White House in 2020 -- Here's whyAs you listen to the liberal media, the Never Trumpers and the left-wing Trump haters chatter on about President Trump’s current situation, remember these two numbers — 35 and 49. The first number was President Ronald Reagan’s approval in January 1983. The second number was the number of states Reagan carried 22 months later. I am not predicting President Trump will carry 49 states. This is a different environment, and the tribalism that divides the country is deeper than it...
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Actual headline: POTUS Trump’s tariff strategy is working: China’s Communist Party increasingly worried about internal stability as economy slows As the Trump administration signals publicly that there is a ways to go before it reaches an equitable trade arrangement with Beijing, there are growing signs that China’s Communist Party is concerned that the ongoing trade war and decline in the country’s GDP could spark widespread unrest. On Thursday, Commerce Secretary Wilbur Ross said the U.S. and China had “miles and miles” to go before reaching a deal, though a trade delegation from Beijing was headed to the United States in...
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The former chief of the top Chinese lender to foreign countries pleaded with the government to avoid a tit-for-tat trade war with the United States, according to the transcript of a just-published speech from September. The speech by Li Ruogu, the one-time head of the Export and Import Bank of China (China EXIM), the massive state-owned lending institution that provides funding to foreign companies for the purchase of Chinese-made goods and services, provides new details regarding the Communist government’s internal struggle over how to react to and deal with the Trump administration’s aggressive tariff regime, the South China Morning Post...
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