Keyword: tariffs
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China signaled on Monday it was now seeking a rapid and "calm" end to its ongoing trade war with the U.S., as Asian markets crumbled and China's currency plummeted to an 11-year low following the latest tariffs on $550 billion in Chinese goods announced last Friday by the Trump administration. News of the possible opening in negotiations came shortly after President Trump threatened to declare a national emergency that would result in American businesses freezing their relationships with China.
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Has there been a president in living memory who relishes a fight more than Trump? I don't think so. That is a major reason why he remains popular with conservatives and has seen his favorability ratings rise. Sure, I like President Trump's actions on job-killing regulations, tax relief, border security, energy independence, military funding, judicial appointments, and so on. But what really invigorates me and millions of other EverTrumpers is that he is fearless -- impervious to attacks by his adversaries and merciless in responding to them. Trump is an oddity: a Republican president who stands up to the Left's...
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President Trump yesterday announced that the US will increase tariffs on China and then ordered all US firms to begin seeking alternatives to doing business with China! The Chinese regime is in a lethal position and has only two choices. The regime can either give the US what it wants or perish. President Trump recognizes that China is in an all out war with the US in regards to information and economics. For years Western leaders have done nothing but negotiate into weak positions, never standing up to the Communist regime. Former US Presidents treated China like they did Russia...
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The president is irked by the dollar’s persistent strength, but he shouldn’t blame China or the Fed. This month the Trump administration officially declared China a currency manipulator. This declaration, the latest salvo in the ongoing U.S.–China trade war, came after the Chinese government allowed its currency, the yuan, to fall to its lowest value in a decade. It is now trading at just over 7 yuan to a dollar. The currency-manipulation designation is one of the most unwarranted charges volleyed against China by the Trump administration. The depreciation of the yuan was largely caused by market forces and, by...
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During Friday’s broadcast of Fox News Channel’s “The Story,” Sen. Lindsey Graham (R-SC) told host Martha MacCallum the United States had a good hand when it came to engaging China in a trade dispute. Graham downplayed market jitters and encouraged President Donald Trump to “play it out.” “The goal is to get China to stop cheating the United States out of market share, to play by the rules that everybody else in the world plays by,” he said. “When it comes to a trade war, we’ve got more bullets than they do, so I think the president is determined to...
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While speaking to reporters on Friday, President Trump stated that he has “the absolute right” to order American businesses not to do business with China. Trump said, “Well, in 1977, we had an act passed, a national emergency act. I have the absolute right to do that. We’ll see how that goes, but I have the absolute right.”
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A shadowy group in France has issued the French government with an unusual ultimatum: raise the price of wine or blood will flow. The group's name is the Crav, which stands for nothing more threatening than the Union for Viticultural Action in the Languedoc region in the south. The Crav's deadline to the government runs out this weekend, which marks exactly 100 years since wine-makers in the region led their last revolt. That ended with the French army shooting dead six demonstrators. No wine-maker will publicly admit to being part of Crav but many sympathise with their demands, if not...
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BELLEVILLE-SUR-SAONE, France (AP) - At some of France's most celebrated vineyards, vintage wine is being transformed into alcohol for disinfectants or gasoline additives - a high-tech process winemakers hope will help them stay afloat.Chronic overproduction, dipping domestic consumption and fierce overseas competition have created a European wine crisis of unprecedented scale.With lakes of unsold wine threatening to undermine prices, the European Union has resorted to paying vintners to destroy some of their stock each year, distilling billions of bottles of perfectly drinkable wine into pure alcohol.The steaming grape juice that's left is hauled back to the vineyards, where it will...
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MORE than eight million litres of this season's production of Beaujolais wine is being turned into near-pure alcohol for use in disinfectants, cleaning products or fuel additives, as French vineyards face up to a massive overproduction crisis.A chronic wine glut, falling domestic consumption and fierce overseas competition have converged to create a wine crisis on an unprecedented scale. With "lakes" of unsold wine threatening to undermine prices, the European Union has resorted to paying vintners to destroy some of their stock each year, distilling billions of bottles of perfectly drinkable wine into pure alcohol. Sceptics say the measure, which cost...
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It is the ultimate irony. For the wine growers of Bordeaux, already suffering a financial crisis, the season has been too good. Though the quality appears to offer hope of salvation, the quantity of the 2006 vintage is causing problems.
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NEARLY a billion bottles of French and Italian wine are to be turned into fuel and disinfectant because producers cannot find buyers.The EU agriculture commissioner yesterday announced plans for a radical shake-up of the wine market to prevent over-production. In the meantime, it was agreed that the EU will finance the conversion of millions of bottles of French and Italian wine into industrial alcohol. The growing popularity of wines from the New World has been blamed for the decline in the appetite for traditional European produce. "Europe is producing too much wine for which there is no market," the commissioner,...
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VAUVERT, France Olivier Gibelin tilts a glass of deep red wine, sniffs and sips at a table set between tall concrete vats of fermenting grape juice in his rustic stone winery here. The air is heavy with an odor of yeast. "Do you want to try what will be going into your tank?" he asks ruefully, pouring a visitor a glass. "If my grandfather could taste what I'm turning into alcohol, he'd turn over in his grave."
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Paris – French winemakers got some long-awaited good news this week: their wines are selling well in the United States. Or at least some of them are. Fat Bastard, for instance, is highly popular, and so too are Wild Pig, Red Bicyclette and Pont d’Avignon. Those four were among the labels on display at Vinexpo, a wine fair in Bordeaux, and they set the tone for the debate about how French vineyards confront a crisis that has resulted in a lake of unsold Gallic wine of 2.5 million hectolitres (66 million gallons). It has two causes. At home, the French...
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Paris – French wine exports sank again in the first quarter of 2005 confirming a downward spiral which has plunged the sector into crisis and brought thousands of wine-growers out onto the streets in protest. "Global over-production in 2004, which is put at between 10 to 20 million hectolitres, is pulling prices down and adding to the problems of French wines which are being asked to become simpler in taste to meet growing world consumption," said Louis-Regis Affre, an official from the French Federation of Exporters of Wines and Spirits (FEVS). Apart from champagnes and sparkling wines, exports of French...
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President Trump on Saturday sought to smooth over his prickly relationship with French President Emmanuel Macron as he arrived in France for the G7 summit – telling reporters he loves French wine, hours after threatening to slap tariffs on the export. “I love French wine,” the president told reporters sitting opposite Macron for a lunch after his arrival in Biarritz. “We actually have a lot in common, Emmanuel and I,” he said. “We’ve been friends for a long time and every once in a while we go at it just a little bit, not very much, but we get along...
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There are three negative supply shocks that could trigger a global recession by 2020. All of them reflect political factors affecting international relations, two involve China, and the United States is at the center of each. Moreover, none of them is amenable to the traditional tools of countercyclical macroeconomic policy. The first potential shock stems from the Sino-American trade and currency war, which escalated earlier this month when President Donald Trump’s administration threatened additional tariffs on Chinese exports, and formally labeled China a currency manipulator. The second concerns the slow-brewing cold war between the U.S. and China over technology. In...
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Against the dictatorship of church ladies The Church has lost its manly spirit. Nowhere is this more apparent than in the recent protests at St. Francis Church in Portland, Oregon.The ultra-progressive, borderline-heretical parish was recently assigned a new priest, Fr. George Kuforiji, who tried to restore theological and liturgical orthodoxy. For instance, the newly-minted pastor stopped using the gender-neutral terms assigned to God by the parishioners and instead began using Our Lord’s preferred pronouns: He, Him, etc. Fr. Kuforiji did away with folk music during the liturgy and took down a banner outside the church that said, “Immigrants and Refugees...
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President Donald Trump said the U.S. will hike tariffs on most imports from China as his trade war with Beijing escalates. The U.S. will raise duties on $250 billion in Chinese goods to 30% from 25%, and increase tariffs on another $300 billion in products to 15% from 10%. Earlier, China announced new tariffs on $75 billion in U.S. goods — and Trump ordered U.S. companies to find an “alternative” to operating in China.
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On May 28, 1993 Bill Clinton signed Executive Order 12850. This improper EO changed the way the U.S. made trade deals with China and led to the loss of tens of millions of American manufacturing jobs. The story of how this was done not only proves that the Clintons are behind the loss of American jobs, but shows how Bill Clinton established a Democratic strategy for manipulating foreign policy that was copied by both Hillary while she was Secretary of State and Obama while he was president. At the time, U.S.-China trade relations were conditioned upon China’s humanitarian treatment of...
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