Keyword: trade
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South Lawn 11:11 A.M. EST THE PRESIDENT: Well, thank you very much. That’s beautiful music. Such talented musicians, and we appreciate it very much. We have a tremendous — (applause) — we have a tremendous list of people here today. In fact, so long that if I announced every name, we’d be here for about three hours. (Laughter.) And we have to get back to business. Everybody does. Please sit down. Please. But I want to thank everybody for coming — coming to the White House on this very momentous, historic, and joyous occasion. It’s been a long time. Everybody...
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Chinese authorities have decided to suspend trading on the nation's two major stock exchanges. This comes after fears of a coronavirus crash. Chinese authorities have announced that stock markets in Shanghai and Shenzhen will remain closed until next Monday as fears over coronavirus continue to swirl. But it may not be enough to stop a selloff once markets reopen next week.| Image: shutterstock.com Chinese authorities have decided to suspend trading on the Shanghai and Shenzhen stock exchanges.This move comes as the Wuhan coronavirus outbreak grows in size and severity.The government is kicking the can down the road. Investors can expect a...
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Paul Krugman slammed President Trump for threatening 25% tariffs on European vehicles and auto parts as they posed potential risks to national security. The Nobel Prize-winning economist and New York Times columnist also criticized Trump's refusal to turn over to Congress a report about an investigation into the national-security risks. "Pretty sure that's just plain illegal," Krugman tweeted. "Congress ... didn't make him a dictator free to set tariffs wherever he likes without even offering an explanation."
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WASHINGTON — The Trump administration has temporarily shelved a proposed rule change that would further restrict American sales to Huawei, the Chinese telecom giant, after some officials in the Defense Department and other agencies argued that the measure, which was intended to protect national security, could actually undermine it, according to people familiar with the matter. The rule change, which multiple government agencies were reviewing, would close a loophole that allowed technology companies like Intel and Micron to continue shipping chips, software and other products to Huawei despite a ban that prevented the Chinese company from buying some American products....
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U.S. stock index futures fell sharply Monday morning after more cases of the coronavirus were confirmed over the weekend, ratcheting up worries over the virus’ impact on the world economy. Around 7 a.m. ET, Dow Jones Industrial Average futures were down 426 points, indicating a loss of 438 points at the open. S&P 500 and Nasdaq 100 futures pointed to losses of more than 1% to start off the session.
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2020 is the 100th anniversary of an important U.S. law that becomes more vital each year: the Jones Act. As the United States fends off China's effort to become the world's dominant economic and military power, this law has become especially important. Yet despite the law’s significance, some Americans want to repeal it, effectively allowing China to expand their ocean dominance by moving into America's domestic waters. Last year the world learned that China's economy has surpassed Japan's to become #2 in the world, second only to the U.S.A. A major part of China’s growth has been its heavily-subsidized industry...
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Nancy Pelosi famously proclaimed that Democrats had to pass ObamaCare to find out what was in it. On the other hand, Democrats in California last year passed legislation outlawing many freelance and independent contracting jobs knowing the disruption it would cause—and voters are now discovering the damage. Ride-hailing app Uber this week rolled out changes for drivers and riders in California in an effort to duck the state’s new labor law AB5. That law reclassified a large swath of independent contractors from freelance journalists to Uber drivers as employees who are owed rest breaks, workers compensation, health benefits and paid...
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I was very skeptical when U.S. and Chinese officials announced the two nations had reached a “Phase One†trade deal last December. Neither country released any details regarding the agreement. Chinese officials have been exceptionally muted since the announcement, only emphasizing that the United States would remove a number of tariffs, without mentioning any commitments China had made. Neither the United States nor China even articulated a specific dollar amount of the additional U.S. farm products China pledges to purchase.Last week, both the White House and the U.S. Trade Representative’s Office posted the full text of the agreement, immediately...
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“It saddens me”, he says,” to see the white man beating his breast over and over, too emasculated to put up any resistance to people who’ve come to threaten him on his own doorstep”. He believes that a toxic mix of guilt, “human rightsism”, political naivety and crass ignorance of History have a debilitating effect on Europeans’ capacity to fight the invasion. He accuses the corrupt African leaders of destroying the lives of hundreds of millions of human beings in all impunity, but is equally critical of the ideologues who are paving the way for them. They should stop blaming...
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The American Left (along with the never-Trumpers who claim to be on the Right) are trumpeting two new studies, which reveal the shocking truth that the American people are paying President Trump’s punitive tariffs on Chinese goods, not the Chinese. Well… Whoop-tee-doo. That’s a newsflash. About as much of a shock as learning that the sun rises in the east. As with all taxes, the tax is paid by the person who pays it. I know that sounds like circular logic, but it’s the only way to put it. An importer pays import tariffs in import shipments. Of course. Generally,...
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In an interview with CNBC’s host Joe Kernen, Trump said he had a “great talk” with the European Commission President Ursula von der Leyen at the World Economic Forum in Davos, Switzerland. “I said, look, if we don’t get something, I’m going to have to take action, and the action will be very high tariffs on their cars and other things that come into our country,” Trump said. “Now, saying that, I don’t want your audience to get nervous. They’re going to make a deal, because they have to. They have to. They have no choice.” At Davos this year,...
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Three years ago! And one year from now (God willing!) Donald Trump will be sworn in for a second term. But in three short years, these are his accomplishments, just off the top of my head. TPP trade deal - gone Iran Deal - gone Paris Climate Change accords - gone NAFTA - gone (just last week replaced by USMCA) Individual Mandate to purchase health care - gone Corporate Taxes - slashed to 21% Regulations - large bulk eliminated Judges - Confirmed (185 total, 2 Supreme Court, 50 Circuit, 133 District) NATO - paying more of its dues ISIS Caliphate...
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Watch cable news, particularly CNN or MSNBC, and hear how the “walls are closing in” on President Trump. Impeachment is underway, a solemn and sober process, celebrated by House Speaker Pelosi handing out autographed pens during the impeachment article signing ceremony. One would think she was signing landmark legislation like the Civil Rights Act given the pomp and circumstance. Meanwhile the Senate passed the USMCA trade agreement, now ready for Trump’s signature, another promise made and kept by the accidental president who has no idea what he is doing. The rube of a president also announced a trade deal with...
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Way back in 2015, when the rumors began to circulate about Donald Trump running for president, rumors we had heard for decades, I was shocked at how many “smart people” — those snobs I enjoy heckling as “#GOPSmartSet” — underestimated The Donald. Shrugging off the idea Trump would actually run was fair enough. Like I said, he’d been flirting with the idea for decades. Even I would have bet it was a publicity stunt. No, what surprised me was how #GOPSmartSet and the elite media laughed off Trump as a clown, a huckster, a carnival barker, and bankrupt loser. That,...
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A year and a half into Donald Trump’s presidency, Henry Kissinger set out a theory. “I think Trump may be one of those figures in history who appears from time to time to mark the end of an era and to force it to give up its old pretences,” he told the Financial Times. “It doesn’t necessarily mean that he knows this, or that he is considering any great alternative. It could just be an accident.” A term has been coined to describe this notion: Ryan Evans of War on the Rocks calls them “Trumportunities.” It is the idea that,...
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WASHINGTON — President Trump’s administration is weighing whether to seek changes to a 1977 law that makes it illegal for U.S. companies to bribe foreign officials. “We are looking at it,” White House Economic Adviser Larry Kudlow said at the White House on Friday in response to a reporter’s question about the Foreign Corrupt Practices Act. (Please see full article at the link)
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President Trump trashed 2020 Democrat Mike Bloomberg, calling the septuagenarian a "terrible speaker" and mocking the billionaire's height at 5 feet, 8 inches. "Mini Mike Bloomberg doesn’t get on the Democrat Debate Stage because he doesn’t want to - he is a terrible debater and speaker," tweeted Trump on Friday. "If he did, he would go down in the polls even more (if that is possible!)." The president further slammed Bloomberg in a follow-up tweet soon after, saying, "Mini Mike Bloomberg ads are purposely wrong - A vanity project for him to get into the game. Nobody in many years...
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The Senate overwhelmingly passed President Trump's proposed replacement for the North American Free Trade Agreement (NAFTA) on Thursday, sending the deal to the president’s desk for his approval. Passage of the U.S.-Mexico-Canada Agreement (USMCA) represents a rare moment of bipartisanship in a bitterly divided Congress. The deal cleared the Senate by a vote of 89 to 10 on Thursday, close to a month after passing the House by a vote of 385-41. Republicans were eager to help Trump accomplish a major pillar of his economic agenda despite their preferences for a deal with looser restrictions. Democrats, who broadly shared Trump’s...
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TAMPA, Florida — Vice President Mike Pence told Breitbart News exclusively on Thursday that the Senate’s passage of the U.S.-Mexico-Canada (USMCA) trade agreement is a “huge win” for American workers and farmers. Pence’s exclusive interview with Breitbart News, which came on his bus tour between Tampa and Orlando, for which he was conducting a campaign swing up the all-important I-4 corridor in the Sunshine State, came moments after the U.S. Senate passed the USMCA, 89-10. The overwhelming Senate vote came a month after the House in mid-December similarly passed the deal with overwhelming bipartisan support, as the USMCA sailed through...
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President Trump has just signed one of the most consequential trade deals in American history — an agreement that promises to benefit the U.S. economy for decades to come. The "Phase One" trade deal with Beijing is a massive economic and diplomatic victory for the President, who successfully convinced communist China to abandon some of its most egregious trade abuses while at the same time dramatically increasing its purchases of U.S. exports. China has committed to purchasing $200 billion worth of American goods over two years, including $75 billion of U.S. manufacturing products alone. In addition, China will buy $50 billion...
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