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Keyword: trade

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  • Trump’s triumphal visit to India has all the right people worried

    02/24/2020 8:52:46 AM PST · by rktman · 24 replies ^ | 2/24/2020 | Thomas Lifson
    It’s unfortunate that live coverage of President Trump receiving what AP calls “adulation from a massive, colorful crowd” of 125,000 took place during the wee hours of the morning for most Americans. But the consequences of his roughly 36 hours in India will be long lasting and important. He is about to retire for the night in New Delhi after the enormous rally in Ahmedabad, the economically advanced capital of the state Gujarat, Prime Minister Modi’s home turf, and a quick visit to the Taj Mahal. However personally gratifying it may have been to equal the overseas crowds Barack Obama...
  • U.S. officials worried about Chinese control of American drug supply

    02/22/2020 11:25:24 PM PST · by RomanSoldier19 · 48 replies
    nbc ^ | SEP 12 20195:55 PM EDT | nbc
    The vast majority of key ingredients for drugs that many Americans rely on are manufactured abroad, mostly in China. Antibiotics, which turn life-threatening infections into minor nuisances, are considered the single biggest advance in modern medicine. A leading Chinese economist gave voice to the worst fears of U.S. policymakers in March, in a speech to an annual national congress.
  • China suspends more penalties on US goods after trade truce

    02/21/2020 3:55:55 AM PST · by Oldeconomybuyer · 3 replies
    The Associated Press ^ | February 21, 2020
    BEIJING -- China on Friday suspended more punitive tariffs on imports of U.S. industrial goods in response to a truce in its trade war with Washington that threatened global economic growth. Financial markets have welcomed announcements by both sides of reductions in penalties on each other’s goods, though they have yet to resolve much of the conflict that erupted in 2018 over Beijing’s technology ambitions and trade surplus. Goods affected by the latest reduction include industrial components and medical and factory equipment, according to the Finance Ministry. It gave no details of the value of goods affected but said penalties...
  • Coronavirus is interrupting the supply chain for wedding dresses coming out of China

    02/18/2020 3:28:44 PM PST · by nickcarraway · 33 replies
    KSBW ^ | Feb 17, 2020 | Kyla Linville
    If you’re a bride to be and are on the search for the perfect dress, you may want to start looking earlyIf you're a bride to be and are on the search for the perfect dress, you may want to start looking early. The coronavirus is interrupting the supply chain for wedding and prom dresses that are coming out of China. Some bridal shops on the Central Coast say they haven't taken a hit yet but are aware it could happen. "It's not just the factories, but also the manufacturers that create the lace and the fabric that are also...
  • China to Grant Tariff Exemptions on 696 US Goods to Support Purchases

    02/18/2020 10:26:36 AM PST · by SeekAndFind · 8 replies
    BEIJING—China will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so far, as Beijing seeks to fulfill commitments made in its interim trade deal with the United States. The announcement on Feb. 18 comes after the Phase 1 trade deal between the two countries took effect on Feb. 14 and is the third round of tariff exemptions China has offered on U.S. goods. China has committed to boosting its purchases of goods and services from the United States by $200 billion over two years as part of the agreement, and...
  • Why You Shouldn’t Borrow Too Much Money, China Edition

    02/17/2020 6:47:05 PM PST · by SeekAndFind · 14 replies
    Dollar Collapse ^ | 02/17/2020 | John Rubino
    When the US housing bubble burst in 2007, most observers were focused on the threat to Wall Street banks and their massive derivatives books. This was a legitimate fear, since the worst case scenarios involved the death of Goldman Sachs and JP Morgan Chase, with all the stock market carnage that that implied.But for China the stakes were a lot higher — picture half a billion people taking to the streets and demanding an end to a government whose only claim to legitimacy was its ability to provide millions of ever-more-lucrative jobs. So while the US was bailing out every...
  • Opinion: The ABCs of trade: If it can’t be made in America, it should be made Anywhere But China

    02/16/2020 6:22:45 PM PST · by BeauBo · 35 replies
    MSN ^ | 14 Fab 2020 | Zach Mottl
    The annual 2019 trade figures for the United States came out last week, heralding some encouraging news. America’s enormous international trade deficit actually declined slightly from 2018. This was the first decrease in six years, with the deficit in goods and services dropping 1.7%, to $616.8 billion. Better yet, America’s bilateral trade deficit with China fell for the first time in four years, dropping a hefty 17.6%, to $345.6 billion. These are promising numbers and they show that tariffs on Chinese products are successfully moving the needle on U.S. trade flows. In fact, America’s 2019 imports from China actually fell...
  • France warns of bloody Brexit talks battle

    02/16/2020 10:36:38 PM PST · by Berlin_Freeper · 32 replies ^ | February 16, 2020 | AFP
    France on Sunday warned Britain to expect a bitter, bloody battle in Brexit trade talks with the EU, saying the two sides would "rip each other apart".
  • Nextrush Unplugged: Weekend Edition

    02/15/2020 9:17:18 PM PST · by Nextrush · 4 replies
    Nextrush Free ^ | 2/15/2020 | Nextrush/Self
    "Hello Goodbye" by the Beatles, a number one song from early 1968 here in the USA. That's around the time my father left the factory to higher paying and longer lasting government employment as inflation kicked in here in the USA. Lyndon Johnson was ramping up government with Medicare and Medicaid and the cost of medical care was beginning to skyrocket, debt was beginning to accumulate and wow here we are 23 trillion dollars plus later. The 2021 federal budget proposed by President Trump adds another 966 billion to that. Well the currency is devalued and its easy to tell...
  • Rob Spalding: Trump’s ‘Real Challenge’ Is China Using ‘Corporate America as Proxies to Fight Their War’

    02/15/2020 5:06:04 PM PST · by E. Pluribus Unum · 9 replies
    Breitbart ^ | 15 Feb 2020 | Robert Kraychik
    China’s Communist Party uses “corporate America [and] Wall Street” as proxies in its war against America, said retired Air Force Brig. Gen. Robert Spalding, author of Stealth War: How China Took Over While America’s Elite Slept and senior fellow at the Hudson Institute, in a Friday interview on SiriusXM’s Breitbart News Tonight with host Rebecca Mansour and special guest host Ed Martin. China procures the political support of American companies and institutions through financial incentives, explained Spalding, who reflected on his time in the Trump administration as a national security advisor to President Donald Trump. “The real challenge that the...
  • Book Review: China Rx: Exposing the Risks of America’s Dependence on China for Medicine

    02/12/2020 8:14:30 PM PST · by Pelham · 29 replies
    Assoc of American Phys and Surgeons ^ | June 8, 2019 | Gibson and Singh
    “Without firing a missile or hacking the electric grid, China can take America down by disrupting access to essential drugs,” write the authors of this important book. This book is a fine piece of investigative journalism that educates the reader about the genesis of China’s grip on our supply of medications. China is now the largest global supplier of the active ingredients and chemical building blocks needed to make many vitamins, and prescription and over-the-counter drugs. These include antibiotics, steroids, and cancer drugs. Until the mid-1990s, the U.S., Europe, and Japan manufactured 90 percent of the global supply of key...
  • Could the coronavirus take China's communist dictatorship down?

    02/11/2020 2:29:12 AM PST · by RoosterRedux · 26 replies
    American Thinker ^ | Monica Showalter
    The root of the problem is that ruling Chinese communists refuse to permit the free flow of information. In an epidemic, that's deadly, that's precisely what extends the duration of an epidemic, information being the one thing that needs to be shared freely, to prevent panic, to ensure the distribution of medical supplies, to obtain effective cures, to isolate transmission areas. Foreign Affairs explains the details of this very well. So the more the Chicoms act like Chicoms, the worse the epidemic gets and the worse the effects. To look at the comments section of the YouTube video about, it's...
  • Coronavirus tests U.S. medical system's unhealthy reliance on China for drugs, supplies

    02/06/2020 1:02:04 PM PST · by Oldeconomybuyer · 25 replies
    NBC News ^ | February 6, 2020 | By Tim Morrison, senior fellow at the Hudson Institute
    Chinese President Xi Jinping recently warned of the “grave” situation posed by the “accelerating spread” of the coronavirus in China. Xi’s frank warnings were unusual for the seniormost official of the Chinese Communist Party and reveal the depth of the concern at the highest levels of the country’s leadership. While many are rightfully concerned about stopping the virus, few are focused on the fact that the more it spreads, the more the U.S. ability to treat any Americans who are stricken is vulnerable to the tender mercies of the Chinese Communist Party because of a strategic shift in health care...
  • China to halve retaliatory tariffs on hundreds of US goods

    02/05/2020 11:50:34 PM PST · by Dana1960 · 36 replies
    CNBC ^ | FEB 5 2020 | Weizhen Tan & Evelyn Cheng
    Retaliatory duties on some U.S. goods will be cut from 10% to 5%, and from 5% to 2.5% on others, according to a statement from China’s Ministry of Finance. The adjustments will take effect from 1:01 p.m on Feb. 14, it said, without specifying which time zone it was referring to. The statement said the move was made in order to “advance the healthy and stable development of China-U.S. trade.” China said that the next adjustment will depend on how Sino-U.S. trade ties evolve, adding it hopes to work with Washington to completely eliminate all tariff increases.
  • Knock-On Effects of China’s Coronavirus May Be Worse Than Thought

    02/05/2020 1:23:41 PM PST · by Zhang Fei · 37 replies
    Foreign Policy ^ | February 3, 2020, 10:06 AM | Keith Johnson, James Palmer
    Economists and analysts still caution that the full economic fallout depends on how well China can ultimately contain the outbreak and on whether the return to work—especially for migrant laborers, who make up a substantial part of China’s manufacturing workforce—can be managed smoothly. But most expect Chinese growth in the first quarter of the year to slide sharply, before rebounding later in the year to finish not much worse than the 6 percent increase in GDP China posted last year. Within China, the outbreak and the government’s response—essentially firewalling off nearly 100 million people in central Hubei province, where the...
  • Coronavirus will delay export ‘boom’ from US-China phase 1 trade deal, President's Economic Adviser Larry Kudlow says

    02/04/2020 10:33:11 AM PST · by SeekAndFind · 16 replies
    CNBC ^ | 02/04/2019 | Kevin Breuninger
    * President Donald Trump’s economic advisor Larry Kudlow said Tuesday that the deadly Chinese coronavirus outbreak will dent a surge in exports that is expected to flow from the first “phase” of the U.S.-China trade deal signed last month. * “It is true the trade deal, the phase one trade deal, the export boom from that trade deal will take longer because of the Chinese virus. That is true,” Kudlow said in a Fox Business Network interview. * But Kudlow noted that the Trump administration, which imposed travel restrictions and quarantines in response to the coronavirus last week, still projects...
  • There Is A Revolt Against Democrats Coming In America – Latest Poll Shows Black Approval Of Trump 42%

    02/03/2020 8:27:13 AM PST · by USA Conservative · 44 replies
    Conservative US ^ | 02.03.2020 | Natalie D.
    President Trump wasn’t called a racist until he ran against Hillary. That’s how liberals operate. Play the race card every time. They’ve done it for decades. Fortunately, minorities aren’t falling for it as much as they used to. The black people no longer think they are victims – but free men – to do and achieve as they can. Just like all should be able to do. In November, two polls found that President Trump’s approval rating among black likely voters had reached 34%. An Emerson poll found that Trump has a 34.5% approval rating among black likely voters and...
  • Trump reinvented tariffs and it worked

    02/01/2020 10:54:03 AM PST · by SpeedyInTexas · 27 replies
    Washington Examiner ^ | 01/29/2020 | Jason Orestes
    Tariffs were once a mainstay in U.S. trade policy. Constituting the main source of federal revenue from 1790-1914, and at one point providing over 90% of government income, they were a pivotal component of U.S. fiscal and foreign policy. Their main motivation in those times: protect U.S. industry from foreign opposition. It wasn’t until colossal industrial growth coupled with the introduction of the income tax rendered them less critical to the government balance sheet, and their use declined. Post-World War II, tariffs took on the negative connotation you see today. The West largely eschewed them in favor of free trade...
  • Pelosi unready to support UK trade deal as Brexit progresses

    01/31/2020 3:44:42 AM PST · by Libloather · 14 replies
    The Hill ^ | 1/30/20 | NIV ELIS
    The European Union's decision to accept "Brexit," the United Kingdom's exit from the EU, has not left House Speaker Nancy Pelosi (D-Calif.) ready to support a potential trade deal between the United States and U.K. “I don’t think we’ll know for a while,” she said in response to a question from The Hill about a potential deal. Pelosi said last year that she would oppose a U.K. trade deal if Brexit harmed the Good Friday Accords, an agreement that led to power-sharing in Northern Ireland, and which was ratified in elections in Ireland and Northern Ireland. The agreement was reached...
  • United States GDP Growth Continues Exceeding Expectations

    01/30/2020 9:21:53 PM PST · by ransomnote · 9 replies ^ | January 30, 2020 | White House
    Today, the Bureau of Economic Analysis released its advance estimate for United States GDP for the fourth quarter of 2019 and the entire calendar year of 2019. The release estimates that real GDP grew 2.1 percent at an annual rate in the fourth quarter of 2019 and 2.3 percent over the four quarters of 2019. Consumer spending and residential investment posted notable gains, propelling GDP growth and setting the stage for future economic expansion. These results show that the economy remains resilient despite a slowdown across the rest of the world and the continuation of the longest expansion in American...