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Chinese consumers are not happy about higher prices and decreased supplies of food.  Yesterday, Chinese buyers snapped up "at least 10 boatloads of soybeans," according to Reuters, as the U.S.-China trade war showed signs of compromise.  The South China Morning Post reports: Beijing will allow Chinese businesses to purchase a "certain amount of farm products such as soybeans and pork" from the United States, according to the Xinhua report. "China's market is big enough and there's great potential to import high-quality US farm products." The official Xinhua News Agency reported on Friday that China's National Development and Reform Commission and the Ministry of Commerce made...

Chief Elizabeth Warren, who lies constantly, has a plan to end corruption. Repeating her anti-government rhetoric, in a piece titled, END WASHINGTON CORRUPTION, Warren writes that big insurance companies and hospital conglomerates put profits ahead of the health and well-being of the American people, and dump piles of money into political campaigns and lobbying efforts to block any move toward Medicare for All. This comes from a woman who has no problem with unions and Planned Parenthood sinking a fortune into Democratic campaigns, including hers. She has no problem with their lobbyists or those of far-left groups. In order to...

The leftstream media characterization of Joe Biden is that he is moderate, likable, and the most electable Democrat candidate.  He is affable Uncle Joe, the self-made lunchbox-toting common man of the people. In truth, he is none of the above. Joe the Moderate The "Biden as moderate" canard is getting increasingly hard to defend.  On the economy-, car-, and cow-killing $93-trillion Green New Deal, Biden was asked if it goes too far or is unrealistically promising too much. He answered, "No, no it's not." When previously asked if there would be any place for fossil fuels, including coal and fracking, in his administration, Biden answered,...

This is funny in so many ways; especially for CTH readers who have a far better-than-ordinary understanding of the big picture Trump goals around China.(1) CNBC tweeted this story last night (note the date/time). (2) It is written exclusively from the perspective of the Goldman Sachs analysts who represent the U.S. multinational position. (3) However, the article was actually written on May 12, 13, 2019.What is funny about CNBC pushing this story, NOW, is how the claims within the CNBC story can be fact checked; and their predictions are, well, absurd (especially in hindsight).   Keep in mind this was written...

Full Header: The Three Issues The Democratic Debate Decided To Gloss Over To Prevent Embarrassing The 2020 Field As members of the 2020 clown show debated last night, three questions remained off the docket. Granted, there was a lot of Trump-bashing, some intense moments where the candidates slung mud at one another, and the reiteration of trash left-wing policies. One thing is clear: there is not a single person on that stage last night who can beat Donald Trump. It’s not even close. For the three-hours this breakfast was on, we learned that Democrats want to increase taxes, have a...

Recent polls reveal a downgrade in President Donald Trump's job approval rating on the economy and show he's trailing in head-to-head match-ups against the leading 2020 presidential election Democratic candidates, but a majority of U.S. business leaders believe, at least for now, that he will win reelection. More than two-thirds of North American chief financial officers surveyed by CNBC say Trump will win the 2020 election, while a quarter say former Vice President Joe Biden, according to the results of the latest CNBC Global CFO Council survey for the third quarter 2019.

President Donald Trump signaled Thursday that he may consider an interim trade deal with China. The president told reporters he would prefer a full agreement with the world’s second largest economy. However, he left the door open to thinking about striking a limited agreement with Beijing.

President Trump needs a trade deal with China as quickly as possible to avert a sharp slowdown of the US economy, as recent polls have made clear. There won’t be any deal unless the US finds some way to walk back its efforts to keep China’s top telecommunication firm Huawei out of world markets. The summary dismissal today of National Security Adviser John Bolton increases the prospects of a deal, although the immediate motivation for Bolton’s departure most likely lies elsewhere. China and the United States seemed on track for a trade deal in early December 2018 when XI Jinping...

J.P. Morgan estimates that President Trump’s tariffs will cost American families up to $1,000 next year. We have heard this before and we’ll hear it again. But the fact is that tariffs have not yet—nor will they likely—increase the cost of living. Further, the myopic obsession with the price of goods ignores the more pressing problem: millions of Americans remain chronically unemployed, and millions more have been reduced to surviving on part-time McJobs and welfare. Turns out, cheap goods aren’t so cheap if you don’t have a job.

President Trump will delay an upcoming increase in tariffs on $250billion worth of goods from China as a 'gesture of good will'. Trump tweeted Wednesday that he would push back tariffs set to go into effect on October 1, by two weeks to October 15. He said he is doing so at the request of Chinese Vice-Premier Liu He because the People's Republic of China will be celebrating its 70th anniversary on October 1. 'At the request of the Vice Premier of China, Liu He, and due to the fact that the People's Republic of China will be celebrating their...

Beijing announced the exemption plan in May and invited interested parties to apply to have certain products added to the list. A second round of applications started last week. The commission said it “will continue to conduct the work of tariff exemption on US goods and will announce follow-up waiver lists at appropriate times”. The statement came as top trade negotiators from China and the United States prepare to meet in Washington next month in their latest attempt to resolve their trade war. Working level preparations for the meeting are currently under way. China is expected to agree to buy...

PITTSFIELD — Philip Lapointe currently works for a burger joint in Pittsfield but has previous experience in sales that he would like to put to good use. So, it's only natural that the 34-year-old Pittsfield resident would be interested in working for Wayfair, which is currently hiring sales and service consultants for its new Pittsfield call center. "I applied because they have strong wages and seem like an employee-oriented company," Lapointe said Wednesday as he left the MassHire Berkshire Career Center on North Street following an interview with Wayfair representatives. Lapointe has plenty of company in his job search. Wayfair,...

* Total US debt including all forms of government, state, local, financial and entitlement liabilities comes close to 2,000% of GDP, according to AB Bernstein. * The biggest potential load comes from entitlements, but is being pressured from rising levels of federal government debt as well. * The warnings about potential debt hazards come as the total federal debt outstanding has surged to $22.5 trillion. * A debt reform advocate says now is the time for the U.S. to tackle the issue, before recession hits. Total potential debt for the U.S. by one all-encompassing measure is running close to 2,000%...

Democrats' Platform: Ban All The Things!

One of the standard criticisms of President Trump’s trade war with China is that China has the upper hand because it is not a democracy. Meanwhile, President Trump faces voters in 14 months, so therefore it was a mistake to challenge the status quo that allows China to steal intellectual property and pay for its economic and military growth via unending half-trillion-dollars-a-year trade surpluses with the United States. Foolish Trump! The problem with this view is that it greatly underestimates the vulnerability of Xi Jinping -- or any other Chinese Communist Party head. The Politburo and its Central Committee can...

China’s exports fell unexpectedly in August, as the trade war with the United States continued to hit the world’s second-largest economy. Shipments fell by 1 per cent in the month after growing 3.3 per cent in July in dollar terms, and below the 2.1 per cent growth expected by analysts in a Bloomberg poll. Imports in the month dropped by 5.6 per cent, leaving a trade surplus of US$34.84 billion, according to China’s General Administration of Customs. July’s expansion now seems like an anomaly, likely driven by front-loading as new tariffs of 15 per cent on about US$110 billion of...

What a difference two weeks makes. Two Fridays ago, pundits seemed to be beside themselves over what was the latest flare up in the U.S.-China trade war. President Trump raised tariffs in retaliation for China’s retaliatory tariffs, he called Fed Chairman Jerome Powell an “enemy,” and the Dow plummeted 623 points while the Nasdaq closed 3% lower. Now it seems like trade deal optimism is back in the air. New formal talks between the U.S. and China have been announced for next month, and there are even high-level Chinese sources suggesting a breakthrough could occur at those meetings.

Today’s Campaign Update (Because The Campaign Never Ends) Tired of all this WINNING yet? – This damn Trump economy just will not cooperate with all the Democrats and their media toadies who keep rooting for a recession. The U.S. Bureau of Labor Statistics jobs report released on Friday showed the Trump economy adding another 130,000 new jobs even as the economy approaches full employment. FED Chairman Jerome Powell called the report another sign of a growing and healthy economy, indicating that he sees no sign of any recession on the horizon. Democrats everywhere recoiled in horror. Other highlights of this...

JOE SCARBOROUGH, MSNBC: And Rick Tyler, here we go with the Republican Party again, here in the state of Alabama, a state I know well and love, but you can go around the country and see the Trump effect on one Republican Party after another, and it is truly distressing all in support of a president who says he's going to seize private lands and told his aides to do it illegally and he would pardon them. From a president who ordering private companies to move out of other countries, a guy who's running up the biggest debt ever, some...

Did Beijing blink? Just days after massive new tariffs went into effect on both sides of the US-China bilateral trade relationship, China announced it would send a team of negotiators to Washington next month. “Serious” mid-level talks would begin almost immediately in an effort to wind down the trade war, China also announced: China said Thursday its trade representatives will fly to Washington in early October to resume negotiations with the United States, raising the possibility that both sides might arrest a recent deterioration in the bilateral relationship that has cast a shadow over the world economy.China’s top trade...