Free Republic

It doesn't get worse for a leftist when even CNN is warning that your 'economic solution' to the economic problems you've laid out are going to destroy the economy. Democratic presidential candidate Elizabeth Warren came out with a big, serious-looking economic plan intoning about a coming economic crash, her own supposed ability to forecast such things, and then calling for free college, a soaring minimum wage, more Dodd-Frank regulations on big bad banks, and lots of free stuff. It ran at the top of the screen on RealClearPolitics yesterday afternoon, suggesting it's something likedly to be talked about. Christina Alesci, a plain-vanilla CNN "politics and...

The Democratic presidential candidate Elizabeth Warren thinks she knows how to prevent the next economic crisis. Warren, who says she spent years before the 2008 financial crisis warning Congress and regulators of the faulty loans that would eventually collapse, wrote a post on Medium on Monday cautioning about another "coming economic crash." "When I look at the economy today, I see a lot to worry about again," Warren said. "And I see a number of serious shocks on the horizon that could cause our economy's shaky foundation to crumble." Here are the three things Warren says could cause the next...

The U.S stock markets are being absolutely pummeled today as the trade tussle between the Trump and Xi administrations escalates. Against this backdrop it is imperative for investors to focus on the names that are not working as harbingers for further downside. Yes, Microsoft, Apple and Amazon are all down at least 2.5% in today’s trading, but anyone who bought any of those tech titans on August 5, 2018, still has a nice unrealized capital gain. It is in the names that are hitting new 52-week lows that we can see the seeds of panic. Contagion is a real thing...

China announced on Tuesday that it has suspended purchases of US agricultural products in retaliation for a “serious violation” of agreements between its President Xi Jinping and his counterpart Donald Trump. Trump’s announcement last week that the US would put a new 10 per cent tariff on US$300 billion worth of imports from China was “a serious violation of the consensus of the heads of state of the two countries”, state news agency Xinhua said in a report issued soon after midnight. China “has not ruled out import tariffs on US agricultural products purchased after August 3, and related Chinese...

The decline of China’s yuan on Monday to its lowest level in 11 years against the US dollar could continue into 2020 amid the apparent shift in its policy stance by the Chinese authorities, who are showing increasing reluctance to provide concessions to resolve its trade war with the United States. The Chinese currency’s drop has also rattled the currency market, sending 11 regional currencies lower. The yuan slid 1.3 per cent to 7.0298 against the dollar on Monday in response to President Donald Trump’s threat to impose a new 10 per cent tariff on the US$300 billion of Chinese...

The Mexican government on Sunday demanded protections for Mexicans and Mexican-Americans living in the U.S. following the deadly shooting in El Paso, Texas. “We consider this an act of terrorism against the community of Mexico,” Secretary of Foreign Affairs Marcelo Ebrard said during a press conference, signaling that Mexico’s prosecutor might make that designation official. Designating the incident as an act of terrorism would “permit Mexico access to all the information related to the case,” and “let us evaluate whether there are other individuals involved or potentially involved” that could put Mexicans at risk, Ebrard explained. He also indicated that...

This is a 5-minute read via a series of 40 tweets (It's his style of presentation) He explains how tariffs have been used (and abused) since WW-2, and how OUR POTUS is the only guy big enough and brave enough to remedy the present imbalance. It is pretty excellent as a an explanation of how this is a fine weapon for the trade wars with China and Europe.

Futures on Monday morning pointed to a lower open for stocks stateside. Dow Jones Industrial Average futures dropped 333 points, implying an opening decline of 378 points on Monday’s open, as of 4:35 a.m. ET Monday. Futures also pointed to opening declines for the S&P 500 and Nasdaq on Monday.

The Chinese yuan fell more than 1% on Monday, dropping below the 7-per-US-dollar mark for the first time since the global financial crisis. The dip came days after Beijing warned it would hit back at US President Donald Trump's threat to impose new tariff hikes on Chinese goods. The yuan was trading at 7.024 to the dollar on Monday morning — its lowest level in more than a decade. (please see link for full article)

President Donald Trump overruled the adamant objections of nearly his entire trade team when he ordered the imposition of 10% tariffs on China's remaining $300 billion of exports to the United States, according to The Wall Street Journal, citing people familiar with the matter. Trump, in his decision announced on Twitter Thursday, said China has not made good on a promise to buy American agricultural goods in large quantities, and as a consequence the U.S. would impose new tariffs starting Sept. 1. (please see link, for full story)

Ben & Jerry’s co-founders announced a limited edition ice cream on Friday in support of Sen. Bernie Sanders (I-VT) and his presidential bid. Ben Cohen, a co-founder of the Vermont-based ice cream giant, announced the new political flavor in a tweet Friday morning. He said Sanders is “the best candidate to beat Trump and drive the transformational change that we need to create a country that works for working families”:

As China considers ways to retaliate against President Trump’s mounting tariffs, it has increasingly acknowledged that it must first address its main obstacle to punching back: its own slumping economy. Chinese officials have vowed to respond with measures of their own if Mr. Trump follows through on his threat to put 10 percent tariffs on $300 billion in Chinese imports a year. If Mr. Trump enacts the tariffs next month, as he said he would do on Thursday, the costs would rise for nearly everything China ships to the United States, from shoes to car parts to the latest gadgets....

Chuck Schumer offered some rare praise for President Trump on Thursday, amidst his decision to slap a 10% tariff on $300 billion worth of Chinese goods on Sept. 1. “We have to be really tough on China. They’ve taken advantage of us,” he said. “America has lost trillions of dollars and millions of jobs because China has not played fair. And being tough on China is the right way to be.” Schumer is a frequent critic of the president and his trade policies.

Press Release (note, press releases can be published in full): WASHINGTON – The National Retail Federation today issued the following statement from Senior Vice President for Government Relations David French in response to the Trump administration’s plans to impose a 10 percent tariff on $300 billion worth of goods imported from China beginning September 1. “As we’ve said repeatedly, we support the administration’s goal of restructuring the U.S.-China trade relationship. But we are disappointed the administration is doubling-down on a flawed tariff strategy that is already slowing U.S. economic growth, creating uncertainty and discouraging investment. These additional tariffs will only...

US President Donald Trump announced on Thursday that he will impose new tariffs on US$300 billion worth of Chinese imports following a high-level trade mission that, Trump said, produced too little in terms of concessions from Beijing. US customs will impose “a small, additional” levy of 10 per cent on the imports, starting September 1. “China agreed to buy agricultural product from the US in large quantities, but did not do so,” the US leader said in a series of tweets. “Additionally, my friend President Xi said that he would stop the sale of Fentanyl to the United States –...

When US President Donald Trump’s administration imposed tariffs on US$250 billion of Chinese goods last year, the move was sold to the American public as a magic bullet that would bring jobs back to the US. It misfired. Under mounting pressure as tariffs threaten to drive up costs, US manufacturers in China are indeed packing up and heading elsewhere. Companies including Nike, Crocs, Roomba and GoPro are now producing most of their goods outside the country, having set up operations in Vietnam, India, Bangladesh and Mexico. Dell, Sony, Nintendo and HP are reportedly considering such moves. But very few are...

<p>Proud of Shep Smith for figuring out that if corporations are taxed more, they pass it on to the consumers.</p> <p>Cut the corp tax rate and it'll save us all a pile of money.</p> <p>By the way, wonder when he'll figure out how stupid it was to shift all our manufacturing jobs to China in the first place?</p>

President Trump announced Thursday that his administration would impose a 10 percent tariff on the $300 billion of imports from China that have not yet been subject to new import duties. Trump described the new tariffs as “small” and said talks would continue. The new tariffs will kick-in on September 1, according to President Trump’s tweet. In his tweets, Trump accused China of repeated reneging or failing to live up to past agreements. Donald J. Trump ✔ @realDonaldTrump · 1h Our representatives have just returned from China where they had constructive talks having to do with a future Trade Deal....

Trump is working on a proposal that would allow the U.S. to import drugs from Canada, HHS Secretary Alex Azar says.“Working on a plan on how we can import drugs safely and effectively from Canada so the American people get the benefit of the deals that pharma themselves are striking with other countries,” he says.

Is a trade deal with China just around the corner? The White House announced this morning that an “enforceable trade deal” is now in sight after “constructive” talks with China in Shanghai. In a key concession, China has agreed to open its market for more American agricultural imports, which would be a huge win for farmers in the Midwest.That is, if China gets pinned down to that position: Update from the White House on the Shanghai talks: "The Chinese side confirmed their commitment to increase purchases of United States agricultural exports. … we expect negotiations on an enforceable trade...