US Politics in Trump era Public date: 19.09.2019 21:40:40

Publisher: NYTimes

Author:

4 Sep 2019

Trump Says China Will Suffer as Data Shows Trade War Hurting U.S.

President Trump said on Tuesday that Chinese manufacturing would “crumble” if the country did not agree to the United States’ trade terms, as newly released data showed his trade war was washing back to American shores and hurting the factories that the president has aimed to protect.
President Trump said on Tuesday that Chinese manufacturing would “crumble” if the country did not agree to the...
24 Aug 2019

U.S.-China trade war intensifies as Trump calls on American companies to cut ties with China

The trade war between the U.S. and China worsened Friday as Beijing imposed retaliatory tariffs on $75 billion in American goods and President Trump took the extraordinary step of calling on U.S. companies stop doing business with China. The new tariffs, which included reinstated levies on auto products, delivered a strategically timed blow as recession warning signs cast doubt on the strength of the U.S. economy.
The trade war between the U.S. and China worsened Friday as Beijing imposed retaliatory tariffs on $75 billion in...
24 Aug 2019

Fed Chair Powell vows to ‘sustain the expansion’ but not in the way Trump wants

President Trump escalated his unprecedented attacks against America’s central bank Friday, calling Federal Reserve Chair Jerome H. Powell an “enemy” of the United States that is as bad as China, a tweet that triggered a stock market slide and came minutes after Powell vowed to keep the economy growing.
President Trump escalated his unprecedented attacks against America’s central bank Friday, calling Federal Reserve...
22 Aug 2019

U.S. deficit to expand by more than $800 billion over 10 years than previously expected, CBO says

America’s federal deficit will expand by about $800 billion more than previously expected over 10 years due primarily to two legislative packages approved this year, pushing the nation further into levels of debt unseen since the end of World War II, the Congressional Budget Office said Wednesday. The CBO also said that the impact of higher trade barriers, primarily President Trump’s trade war, could hurt economic growth amid widespread fears of a recession.
America’s federal deficit will expand by about $800 billion more than previously expected over 10 years due primarily...

Publisher: NYTimes

Author:

15 Aug 2019

Germany Nears Recession and Chinese Factories Slow in Trade War Fallout

In ominous signs of the damage being done by the trade war between China and the United States, data released on Wednesday indicated that the German economy was hurtling toward recession and that growth at Chinese factories was slowing at a pace not seen in nearly two decades.
In ominous signs of the damage being done by the trade war between China and the United States, data released on...
6 Aug 2019

China Uses Currency as Weapon in Trade War, Rattling Markets

The trade war between the United States and China entered a more dangerous phase on Monday, as Beijing allowed its currency to weaken, Chinese enterprises stopped making new purchases of American farm goods and President Trump’s Treasury Department formally labeled China a currency manipulator.
The trade war between the United States and China entered a more dangerous phase on Monday, as Beijing allowed its...
2 Aug 2019

Trump says he will impose new tariffs on $300 billion of imports from China starting next month, ending brief cease-fire in trade war

President Trump unexpectedly announced on Thursday that he will impose new tariffs on $300 billion worth of imports from China, effectively taxing every product that Americans buy from China. The president acted one day after Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert E. Lighthizer wrapped up two days of talks in Shanghai aimed at a comprehensive trade deal.
President Trump unexpectedly announced on Thursday that he will impose new tariffs on $300 billion worth of imports...

Publisher: NYTimes

Author:

1 Aug 2019

Fed Cuts Interest Rates for First Time Since 2008 Crisis

The Federal Reserve cut interest rates for the first time in more than a decade on Wednesday as it attempted to guard the record-long economic expansion against mounting global risks. The widely expected quarter-point move, the Fed’s first since it cut rates to near zero in 2008, is meant to protect the economy against the potentially harmful effects of a growth slowdown in China and Europe and uncertainty from President Trump’s trade war.
The Federal Reserve cut interest rates for the first time in more than a decade on Wednesday as it attempted to guard...

Publisher: NYTimes

Author:

27 Jul 2019

U.S. Economy Slows, Denying Trump 3% Talking Point

The American economy is slowing, dragged down by trade tensions and weak growth overseas. But there are few signs that the decade-long expansion is on the verge of stalling out.Gross domestic product, the broadest measure of goods and services produced in the economy, rose at a 2.1 percent annual rate in the second quarter, according to preliminary data released by the Commerce Department on Friday.
The American economy is slowing, dragged down by trade tensions and weak growth overseas. But there are few signs that...
24 Jul 2019

Trump tweets American farmers ‘starting to do great again’ – except they are not.

President Trump began his Tuesday with a congratulatory tweet to new British Prime Minister Boris Johnson, a shout-out to the military and a rosy assessment of U.S. agriculture: “Farmers are starting to do great again, after 15 years of a downward spiral. The 16 Billion Dollar China ‘replacement’ money didn’t exactly hurt!”
President Trump began his Tuesday with a congratulatory tweet to new British Prime Minister Boris Johnson, a shout-out...

Publisher: NYTimes

Author:

25 Jun 2019

Stung by Trump’s Trade Wars, Wisconsin’s Milk Farmers Face Extinction

Wisconsin is known as “America’s Dairyland,” but the milk makers who gave the state its moniker are vanishing, falling prey to a variety of impediments, including President Trump and his global trade war.
Wisconsin is known as “America’s Dairyland,” but the milk makers who gave the state its moniker are vanishing,...

Publisher: CNBC

Author:

7 Jun 2019

Trump’s Mexico tariff threat worries US farmers already hit by China trade war

President Donald Trump’s threatened 5% tariff on all Mexican imports could hit American farmers especially hard if Mexico retaliates with punitive duties on U.S. agricultural products. Farmers are already reeling from Trump’s drawn out trade war with China and fear further losses could be in their futures.
President Donald Trump’s threatened 5% tariff on all Mexican imports could hit American farmers especially hard if...

Publisher: NYTimes

Author:

31 May 2019

Trade War Starts Changing Manufacturers in Hard-to-Reverse Ways

When the Trump administration first imposed tariffs on $34 billion in Chinese imports in July, Andy LaFrazia figured it was just another curveball for his company. “Everyone was saying: ‘Oh, it’s a negotiating tactic. It won’t last long,’” Mr. LaFrazia recalled. But nearly a year later, the trade war shows no sign of cooling off. Evidence is mounting that the conflict has taken an economic toll.
When the Trump administration first imposed tariffs on $34 billion in Chinese imports in July, Andy LaFrazia figured it...

Publisher: NYTimes

Author:

24 May 2019

Trump Gives Farmers $16 Billion in Aid Amid Prolonged China Trade War

President Trump on Thursday unveiled a $16 billion bailout for farmers hurt by his trade war with Beijing, signaling a protracted fight ahead that is already prompting some American companies to shift business away from China.
President Trump on Thursday unveiled a $16 billion bailout for farmers hurt by his trade war with Beijing, signaling a...

Publisher: NYTimes

Author:

20 May 2019

There’s No Boom in Youngstown, but Blue-Collar Workers Are Sticking With Trump

Mr. Betras, who recently stepped down as Democratic chairman of populous Mahoning County, said that while Democrats in Washington harp on President Trump’s unfitness for office, his taxes and possible impeachment, the president is solidifying blue-collar support through an aggressive trade war with China, even if his tariffs mean economic pain in the short term.
Mr. Betras, who recently stepped down as Democratic chairman of populous Mahoning County, said that while Democrats in...

Publisher: NYTimes

Author:

13 May 2019

China Retaliates With Higher Tariffs as Trump Defends U.S. Approach

The United States and China escalated their trade fight on Monday as Beijing moved to raise tariffs on nearly $60 billion worth of American goods in retaliation for President Trump’s decision to punish China with higher tariffs on a slew of imports.China’s finance ministry announced that it was raising tariffs on a wide range of American goods to 20 percent or 25 percent from 10 percent in response to Mr. Trump’s decision to raise tariffs to 25 percent on $200 billion worth of Chinese goods
The United States and China escalated their trade fight on Monday as Beijing moved to raise tariffs on nearly $60...

Publisher: NYTimes

Author:

10 May 2019

Trump Says China Tariffs Will Increase as Trade Deal Hangs in the Balance

President Trump said on Thursday that the United States would raise tariffs on $200 billion of worth of Chinese goods on Friday morning and begin the process to tax nearly all of China’s imports as he accused Beijing of trying to “renegotiate” a trade deal.
President Trump said on Thursday that the United States would raise tariffs on $200 billion of worth of Chinese goods on...
2 May 2019

Trump scrambles to salvage NAFTA rewrite, courting Democrats and trying to tamp down GOP fury

President Trump and senior White House officials are working to salvage political support for a revised trade pact with Mexico and Canada, stunned by bipartisan blowback that appeared likely to scuttle a key initiative. Several Democrats said Trump put on a charm offensive Tuesday during a White House meeting, soliciting their feedback on what he would need to do to win their support for an updated version of the North American Free Trade Agreement.
President Trump and senior White House officials are working to salvage political support for a revised trade pact with...

Publisher: NY Magazine

Author:

30 Mar 2019

Trump’s NAFTA 2.0 Puts Big Pharma First, America Second

If there’s anything Donald Trump hates more than globalist trade deals that restrict U.S. sovereignty, it’s the exorbitant cost of pharmaceuticals in this country. “The next major priority for me, and for all of us, should be to lower the cost of health care and prescription drugs,” the president said in his most recent State of the Union Address. “It is unacceptable that Americans pay vastly more than people in other countries for the exact same drugs, often made in the exact same place.”
If there’s anything Donald Trump hates more than globalist trade deals that restrict U.S. sovereignty, it’s the...

Publisher: Reuters

Author:

27 Mar 2019

U.S. labor unions say NAFTA replacement does not go far enough for workers

U.S. labor officials on Tuesday pressed lawmakers to strengthen enforcement of the provisions of the United States-Mexico-Canada Agreement (USMCA) intended to protect workers, the latest sign the trade deal could face hurdles to passage in the Democrat-led House of Representatives.
U.S. labor officials on Tuesday pressed lawmakers to strengthen enforcement of the provisions of the United...
7 Mar 2019

U.S. posted record-breaking $891 billion goods trade deficit in 2018, despite Trump’s ‘America First’ policies

The Commerce Department said Wednesday that — despite more than two years of President Trump’s “America First” policies — the United States last year posted a $891.2 billion merchandise trade deficit, the largest in the nation’s 243-year history.
The Commerce Department said Wednesday that — despite more than two years of President Trump’s “America First”...
5 Mar 2019

US banks on back foot as global rivals charge into China

European and Japanese financial institutions are breaking new ground in the Chinese market as U.S. competitors take a back seat due to tensions over trade and intellectual property practices.Although China relaxed rules on majority foreign stakes in its financial sector last year, with full ownership taking effect after 2021, authorities there have yet to grant such approval for U.S. banks' joint ventures.
European and Japanese financial institutions are breaking new ground in the Chinese market as U.S. competitors take a...

Publisher: NYTimes

Author:

28 Jan 2019

A Tiny Screw Shows Why iPhones Won’t Be ‘Assembled in U.S.A.’

Despite a trade war between the United States and China and past admonishments from President Trump “to start building their damn computers and things in this country,” Apple is unlikely to bring its manufacturing closer to home.A tiny screw illustrates why.
Despite a trade war between the United States and China and past admonishments from President Trump “to start building...
22 Jan 2019

Shutdown in U.S., slowing growth in China fuel concerns over global economy

Fears are rising about the state of the world’s biggest economies, with China posting its worst annual growth in decades and the United States injecting more uncertainty with tariffs and a lengthy government shutdown. China reported Monday that its economy expanded at 6.6 percent last year — a figure that would be good for many countries but represents the slowest growth for China in 28 years.
Fears are rising about the state of the world’s biggest economies, with China posting its worst annual growth in...
21 Jan 2019

China Grants Ivanka Trump 5 More Trademarks Ahead Of Trade Negotiations

China has granted Ivanka Trump’s company preliminary approval for another five trademarks this month, as her father’s administration pushes ahead on trade negotiations with China, Time Magazine reported Monday.
China has granted Ivanka Trump’s company preliminary approval for another five trademarks this month, as her...

Publisher: NYTimes

Author:

11 Jan 2019

Farm Country Stood by Trump. But the Shutdown Is Pushing It to Breaking Point.

Farm country has stood by President Trump, even as farmers have strained under two years of slumping incomes and billions in losses from his trade wars. But as the government shutdown now drags into a third week, some farmers say the loss of crucial loans, payments and other services has pushed them — and their support — to a breaking point.
Farm country has stood by President Trump, even as farmers have strained under two years of slumping incomes and...
9 Jan 2019

As shutdown stalls farm bailout, Trump team extends deadline

The government shutdown has stalled President Trump’s program to send billions of dollars to farmers hurt by the trade war with China, as the Agriculture Department office responsible for administering the payouts is closed for lack of funding. On Tuesday, Agriculture Secretary Sonny Perdue announced that the department has extended the deadline for farmers to apply for bailout payments. The application window was slated to close Jan. 15, but Perdue said Tuesday that the deadline will be extended, at minimum, weeks after the shutdown ends.
The government shutdown has stalled President Trump’s program to send billions of dollars to farmers hurt by the trade...

Publisher: NYTimes

Author:

10 Dec 2018

Wall St. Ignored Signs of Trouble for Months. Now It Sees Risks Everywhere

For stock investors in the United States, the political and economic outlooks have suddenly become ominous. More volatility could be in store this week. “The fact is that politics is driving the economy to an extent that is very atypical,” said Julian Emanuel, chief equity and derivatives strategist at BTIG, an institutional brokerage firm. “We would say probably to the greatest extent that we’ve seen in our investing lifetime.”
For stock investors in the United States, the political and economic outlooks have suddenly become ominous. More...

Publisher: BBC News

Author:

7 Dec 2018

Huawei arrest: China demands release of Meng Wanzhou

Meng Wanzhou, the daughter of the company's founder, could face extradition to the US. She was arrested in Vancouver on 1 December, but the news was not made public at her request. The charges remain unknown but the US has been probing Huawei over possible violation of sanctions against Iran. China says her detention is possibly a rights abuse.
Meng Wanzhou, the daughter of the company's founder, could face extradition to the US. She was arrested in Vancouver on...
6 Dec 2018

Markets Drop as Huawei Arrest Stokes Fears of U.S.-China Cold War

The arrest of a top Chinese technology executive intensified concerns about an emerging cold war between the world’s two largest economies, sending stock markets around the world lower on Thursday. The trade war has set investors on edge. The markets have been rattled about the prospect that the conflict with China would begin to impact the economy at home at a time when global growth is slowing.
The arrest of a top Chinese technology executive intensified concerns about an emerging cold war between the world’s...
4 Dec 2018

After Trump summit, no mention in China of 90-day deadline or trade concessions

China seems to have a markedly different view of the trade war cease-fire reached with the Trump administration over the weekend, with state media making no mention Monday of a 90-day time frame or a reduction in tariffs on imported American cars — or indeed any specifics about buying more American products. That raises the prospect that the two sides have come away from their meeting in Buenos Aires, on the sidelines of the Group of 20 summit, with very different ideas about what comes next.
China seems to have a markedly different view of the trade war cease-fire reached with the Trump administration over the...

Publisher: Asia Times

Author:

14 Nov 2018

Sliding Chinese yuan risks Trump trade war backlash

The laws of Trumponomics, after all, are more about resentment and victimhood than stirring animal spirits. And no woe-is-America narrative is more pervasive in the Trump era than China “raping” the US workforce and “stealing” growth from Washington. An undervalued yuan is a pillar of this theory. It’s “killing us,” as Trump likes to say. Expect Trump’s ire to increase as the yuan weakens past 7 to the dollar – from today’s 6.96 – thanks to PBOC largess. That might provoke him to ratchet up the trade war.
The laws of Trumponomics, after all, are more about resentment and victimhood than stirring animal spirits. And no...

Publisher: Reuters

Author:

7 Nov 2018

China grants more trademark approvals for Ivanka Trump firm – including voting machines

China last month granted initial approval for 16 new trademarks for the fashion brand of U.S. President Donald Trump’s daughter and adviser Ivanka, including voting machines, a search of official records on Tuesday showed. Ivanka announced in July she was shutting her fashion line to focus on her role as an informal White House adviser, where she is working on advancing working women.
China last month granted initial approval for 16 new trademarks for the fashion brand of U.S. President Donald Trump’s...
3 Nov 2018

GDP: Trump tariff, trade war hit to economy

There's mounting anecdotal evidence that President Donald Trump's trade war is causing trouble for the US economy and businesses. But Friday's report on third-quarter gross domestic product may be the best hard evidence yet that the tariffs are causing major disruptions in the economy.
There's mounting anecdotal evidence that President Donald Trump's trade war is causing trouble for the US economy and...

Publisher: Politico

Author:

22 Oct 2018

Trump tariffs lead to bleak 2019 farm forecasts

President Donald Trump’s trade war is already prompting farmers and agricultural forecasters to plan for a dismal 2019 growing season before the fall harvest is complete. Trade disputes — namely the escalating feud with China — have weighed on commodity prices and the president has threatened to ratchet up tariffs rather than ease tensions come Jan. 1. To boot, ordinary business costs like fertilizer and fuel appear to be on the rise, further squeezing bottom lines.
President Donald Trump’s trade war is already prompting farmers and agricultural forecasters to plan for a dismal 2019...

Publisher: NBC News

Author:

10 Oct 2018

Trump’s tariffs have already cost Ford $1B; now it’s planning layoffs

Ford will be making cuts to its 70,000-strong white-collar workforce in a move it calls a "redesign" of its staff to be leaner, have fewer layers, and offer more decision-making power to employees, the company announced.
Ford will be making cuts to its 70,000-strong white-collar workforce in a move it calls a "redesign" of its staff to be...
5 Oct 2018

Steel is surging under Trump. Will workers benefit?

When President Trump imposed tariffs on steel imports in June, Richard Lattanzi thought of dozens of his fellow steelworkers who have for years put off badly needed repairs of their cars and homes. “There was a lot of excitement here; there were a lot of us saying, ‘It’s about time someone is looking out for us,’ ” said Lattanzi, the mayor of this town of 7,000 and a safety inspector at the U.S. Steel plant in nearby West Mifflin. “A lot of people around here were saying, ‘We’re going to be okay.’ ”
When President Trump imposed tariffs on steel imports in June, Richard Lattanzi thought of dozens of his fellow...

Publisher: NYTimes

Author:

5 Oct 2018

Lindsey Graham Welcomed Trump’s China Tariffs, Then Helped Companies Avoid Them

Senator Lindsey Graham of South Carolina has been one of the biggest proponents of President Trump’s crackdown on China, welcoming tariffs on Chinese imports while conceding that they will raise costs for American businesses and consumers. “There is no way for us to address China without absorbing some pain here,” Mr. Graham said in August.
Senator Lindsey Graham of South Carolina has been one of the biggest proponents of President Trump’s crackdown on...

Publisher: Asia Times

Author:

25 Sep 2018

China rolls out a white paper and not a white flag in US trade war

Released on Monday by the official Xinhua news agency, Facts About the China-US Trade Dispute and China’s Stance, is the first comprehensive document from President Xi Jinping’s administration on the new economic Cold War. “Intimidation” and “bullying” are used frequently while Washington has been accused of “contradicting itself and constantly challenging China.” This, in turn, has caused “serious damage” to trade relations between the world’s two largest economies.
Released on Monday by the official Xinhua news agency, Facts About the China-US Trade Dispute and China’s Stance, is...

Publisher: CNBC

Author:

20 Sep 2018

Jack Ma: Alibaba is no longer planning to create 1 million US jobs

Jack Ma, founder and chairman of Chinese retail giant Alibaba, says the company no longer plans to create 1 million jobs in the United States in the wake of the ongoing trade conflict between the U.S. and China.
Jack Ma, founder and chairman of Chinese retail giant Alibaba, says the company no longer plans to create 1 million jobs...

Publisher: Politico

Author:

1 Sep 2018

Trump confirms leaked comments: ‘At least Canada knows where I stand!’

The Toronto Star earlier Friday printed remarks Trump made during an interview with Bloomberg News the day before, in which he said the United States won't budge on a trade deal with Canada unless it is "totally on our terms."
The Toronto Star earlier Friday printed remarks Trump made during an interview with Bloomberg News the day before, in...

Publisher: NYTimes

Author:

27 Aug 2018

Trump Reaches Revised Trade Deal With Mexico, Threatening to Leave Out Canada

President Trump said on Monday that the United States and Mexico had reached an accord to revise key portions of the North American Free Trade Agreement and would finalize it within days, suggesting he was ready to jettison Canada from the trilateral trade pact if the country did not get on board quickly. 
President Trump said on Monday that the United States and Mexico had reached an accord to revise key portions of the...

Publisher: NYTimes

Author:

6 Aug 2018

Steel Giants With Ties to Trump Officials Block Tariff Relief for Hundreds of Firms

Two of America’s biggest steel manufacturers — both with deep ties to administration officials — have successfully objected to hundreds of requests by American companies that buy foreign steel to exempt themselves from President Trump’s stiff metal tariffs. They have argued that the imported products are readily available from American steel manufacturers.
Two of America’s biggest steel manufacturers — both with deep ties to administration officials — have successfully...

Publisher: NYTimes

Author:

28 Jul 2018

G.D.P. Grew at 4.1% Rate in U.S. in Latest Quarter. Here’s What That Means.

Economic growth surged in the second quarter — but don’t expect the boom to last. The second-quarter acceleration was widely anticipated by economists, a  result of a confluence of events unlikely to recur. Most economists expect growth to slow in the second half of the year. Still, recent data does suggest that the pace of growth has picked up this year.
Economic growth surged in the second quarter — but don’t expect the boom to last....
27 Jul 2018

Trump declares premature victory with European Union deal

President Trump’s announcement on trade with the European Union completes a cycle now familiar in his presidency. The commander in chief flogs an issue repeatedly as a crisis-level threat while pursuing a fix that often creates more harm than it solves -- then beats a partial retreat that he frames as a victory. 
President Trump’s announcement on trade with the European Union completes a cycle now familiar in his...
25 Jul 2018

To Ease Pain of Trump’s Trade War: $12 Billion in Aid for Farmers

The Trump administration on Tuesday announced up to $12 billion in emergency relief for farmers hurt by the president’s trade war, moving to to insulate food producers from looming financial losses that would be a direct result of President Trump’s policies.
The Trump administration on Tuesday announced up to $12 billion in emergency relief for farmers hurt by the...

Publisher: NYTimes

Author:

25 Jul 2018

U.S. Businesses Are Bullish Amid Worldwide Instability

Potential perils are in plain sight: An intense and unpredictable tariff battle is alarming businesses across the country. The annual federal deficit is heading toward $1 trillion. Credit card debt is soaring. And the synchronous wave that lifted every world economy at the year’s start has dissipated. So what? Such risks have done little to puncture the exuberant optimism that is encouraging American businesses to ramp up hiring and consider new investment.
Potential perils are in plain sight: An intense and unpredictable tariff battle is alarming businesses...

Publisher: NYTimes

Author:

17 Jul 2018

As Tensions With U.S. Worsen, Europe Courts New Partners

President Trump is inciting a trade war, undermining NATO and painting Europe as a foe. It’s no wonder, then, that the European Union is looking elsewhere for friends. On Tuesday in Tokyo, it signed its largest trade deal ever, a pact with Japan that will slash customs duties on products like European wine and cheese, while gradually reducing tariffs on cars. The agreement will cover a quarter of the global economy — by some measures the largest free-trade area in the world — and is the latest in a string of efforts either concluded or in the works with countries like Australia, Vietnam and even China.
President Trump is inciting a trade war, undermining NATO and painting Europe as a foe. It’s no wonder, then, that the...
15 Jun 2018

Trade war could wipe out gains of GOP tax law, former top Trump economic adviser says

Gary Cohn, who served as Trump's director of the National Economic Council but left amid a rift over the president's trade policies, said that retaliatory tariffs between countries could drive up inflation and prompt American consumers to take on more debt, possibly pushing the country into another economic downturn.
Gary Cohn, who served as Trump's director of the National Economic Council but left amid a rift over the...

Publisher: NYTimes

Author:

15 Jun 2018

U.S. and China Expand Trade War as Beijing Vows to Match Trump’s Tariffs

he Trump administration said on Friday that it would move ahead with  tariffs on $50 billion of Chinese products, drawing a vow of retaliation from Beijing and escalating a trade war between the world’s two largest economies.
he Trump administration said on Friday that it would move ahead with  tariffs on $50 billion of Chinese...

Publisher: Vox

Author:

13 Jun 2018

Trump-Kim summit: Trump is killing America’s alliances

Trump’s betrayal of South Korea and eruption at Trudeau are not one-offs, or events you can write off as simple quirks of the president’s personality. It is part of a broader slate of Trump policies and diplomatic efforts that have, put together, fundamentally weakened America’s ties with its traditional allies — in ways that could have potentially disastrous consequences for the world.
Trump’s betrayal of South Korea and eruption at Trudeau are not one-offs, or events you can write off as simple...
9 Jun 2018

Trump calls for Russia to be reinstated to G-7, threatens allies on trade

Trump’s comments, made just hours before he arrived in Canada for the annual G-7 summit, have further scrambled talks with other leaders, most of whom were already fuming about the U.S. leader’s protectionist trade policies. But in a sign that European unity against Trump is cracking, new Italian Prime Minister Giuseppe Conte said he agreed with Trump and wanted Russia back in the fold.
Trump’s comments, made just hours before he arrived in Canada for the annual G-7 summit, have...

Publisher: NYTimes

Author:

22 May 2018

Trump’s Charm and Threats May Not Be Working on China. Here’s Why.

China has called President Trump’s bluff. Chinese negotiators left Washington this weekend with a significant win: a willingness by the Trump administration to hold off for now on imposing tariffs on up to $150 billion in Chinese imports. China gave up little in return, spurning the administration’s nudges for a concrete commitment to buy more goods from the United States, and  avoiding limits on its efforts to build new high-tech Chinese industries.
China has called President Trump’s bluff. Chinese negotiators left Washington this weekend with a significant...
21 May 2018

Mnuchin says Trump putting trade war with China ‘on hold’

Treasury Secretary Steven Mnuchin said the Trump administration is putting its trade war with China “on hold” after two days of talks in Washington that he said had produced agreement on increased Chinese purchases of American products and measures to make it easier for U.S. companies to operate in China.
Treasury Secretary Steven Mnuchin said the Trump administration is putting its trade war with China...

Publisher: The Hill

Author:

18 May 2018

China buys record amount of Russian soybeans after canceling US orders over Trump threats

China has purchased record amounts of soybeans from Russia in recent months amid trade tensions with the U.S., Bloomberg reported. The world's biggest soybean importer, China has nearly tripled its imports from Russia, according to Bloomberg. Russian trade data show the country sold 850,000 metric tons of soybeans to China between July 2017 and mid-May this year. The record sales represent more than twice the 340,000 tons sold during the previous growing period.
China has purchased record amounts of soybeans from Russia in recent months amid trade tensions with the U.S., Bloomberg...
16 May 2018

Yep, That $500 M from China to Trump Project Looks Like a Pretty Big Deal

You probably saw the news yesterday that just days before President  Trump tweeted that he was intent on saving that sanctions-busting Chinese telecommunications company, China had agreed to loan $500 million to a major Trump-backed development in Indonesia
You probably saw the news yesterday that just days before President  Trump tweeted that he was intent on saving...

Publisher: NYTimes

Author:

13 May 2018

Trump Vows to Save ZTE Jobs Lost After U.S. Sanctions Against the Chinese Company

Mr. Trump’s tweet on Sunday left many  scratching their heads. The president has taken a tough stance on what his administration deems unfair trade practices by the Chinese government. And he has trumpeted his efforts to safeguard American jobs even if it means creating economic strain in other countries. The prospective shutdown of ZTE has been seen as major leverage in continuing trade discussions between China and the United States over Chinese trade practices.
Mr. Trump’s tweet on Sunday left many  scratching their heads. The president has taken a...

Publisher: NYTimes

Author:

19 Apr 2018

Farmers warn of GOP losses over Trumps’s trade policy

“If he doesn’t understand what he’s doing to the nation by doing what  he’s doing, he’s going to be a one-term president, plain and simple,” said Mr. Runck, a fourth-generation farmer who voted for Mr. Trump. Pausing outside the post office in this town of 2,300, Mr. Runck said the repercussions could be more immediate for Representative Kevin Cramer, a Republican whose bid against Senator Heidi Heitkamp, a Democrat, has been complicated by the proposed tariffs.
“If he doesn’t understand what he’s doing to the nation by doing what  he’s doing,...
18 Apr 2018

In new sign of trade battle, China slaps U.S. sorghum producers with 179 percent deposit

China announced temporary anti-dumping measures Tuesday on U.S. sorghum,  potentially hitting U.S. growers and exacerbating the brewing trade war between Beijing and Washington. Hitting U.S. sorghum exports could hurt American growers — potentially having an impact on farming states that have backed President Trump. 
China announced temporary anti-dumping measures Tuesday on U.S. sorghum,  potentially hitting U.S. growers and...
13 Apr 2018

Trump weighs rejoining Trans-Pacific Partnership amid trade dispute with China

President Trump ordered top administration officials  Thursday to look at rejoining the Trans-Pacific Partnership, the sprawling trade pact he rejected three days after taking office. The move would mark a stunning reversal for Trump, who sharply criticized the pact as a “disaster” and made opposition to global trade deals a centerpiece of his economic agenda as a candidate.
President Trump ordered top administration officials  Thursday to look at rejoining the Trans-Pacific...

Publisher: NYTimes

Author:

11 Apr 2018

How long can we last? Tariffs hit home in US.

CP Industries just got an expensive lesson in the unintended consequences of protectionism. Based in McKeesport, Pa., the company makes seamless vessels to store gases at high pressure — steel cylinders of up to six tons that it sells to the likes of the Navy, NASA and T. Boone Pickens’s Clean Energy. It has received the first bill from the 25 percent tariff that President Trump  placed on steel from China and a few other countries: $178,703.09 assessed on a steel-pipe shipment scheduled to arrive at the Port of Philadelphia on Thursday.
CP Industries just got an expensive lesson in the unintended consequences of protectionism. Based in McKeesport,...
9 Apr 2018

Ivanka Trump’s clothing company will be spared from tariffs, thanks to her dad

The steel and aluminum industries in China will soon be slapped with tariffs up to $50 billion by President Donald Trump. On Thursday, after China announced their intentions to retaliate against the United States with $50 billion in tariffs of their own against U.S. goods, Trump warned that his administration would respond with another set of tariffs, this time targeting $100 billion worth of Chinese goods. Exempt from the proposed tariffs against China, however, is the clothing manufacturing industry.
The steel and aluminum industries in China will soon be slapped with tariffs up to $50 billion by President Donald...
7 Apr 2018

China threatens to hit back as Trump seeks additional tariffs on $100 billion of Chinese goods

President Trump ordered his chief trade negotiator  to consider imposing tariffs on an additional $100 billion of Chinese products Thursday, in a dramatic escalation of his trade war with China.  In the latest barb, China’s commerce ministry said that “China has very detailed countermeasures” and will “fight at any cost” to defend its economic interests, drawing the world’s two largest economies into a deeper confrontation. 
President Trump ordered his chief trade negotiator  to consider imposing tariffs on an...
6 Apr 2018

They voted for Donald Trump. Now soybean farmers could get slammed by the trade war he started.

Bret Davis voted for Donald Trump in 2016, as did many of his fellow farmers in central Ohio. But as a brewing Chinese trade war begins to threaten U.S. exports, Gordon fears his fifth-generation farm will suffer. The farm, where Davis and his stepson grow 1,300 acres of soybeans, corn and wheat for Ritz crackers, may not withstand the long-term drop in crop prices a trade war could bring, Davis said.
Bret Davis voted for Donald Trump in 2016, as did many of his fellow farmers in central Ohio. But as a brewing...

Publisher: NYTimes

Author:

4 Apr 2018

China Strikes Back at the U.S. With Plans for Its Own Tariffs

China hit back at the United States on Wednesday with proposed tariffs on $50 billion worth of American soybeans, cars, chemicals and other  goods, in a move likely to stoke fears that the countries’ escalating confrontation could become an all-out trade war.
China hit back at the United States on Wednesday with proposed tariffs on $50 billion worth of American soybeans,...

Publisher: NYTimes

Author:

23 Mar 2018

Trump Hits China With Stiff Trade Measures

President Trump said he would impose tariffs on about $60 billion worth  of Chinese imports on Thursday as the White House moved to punish China for what it says is a pattern of co-opting American technology and trade secrets and robbing companies of jobs and billions of dollars in revenue.
President Trump said he would impose tariffs on about $60 billion worth  of Chinese imports on Thursday as...

Publisher: NYTimes

Author:

9 Mar 2018

Trump Authorizes Tariffs in Defiance of Allies at Home and Abroad

President Trump defied opposition from his own party and protests from overseas on Thursday as he signed orders imposing stiff and sweeping new tariffs on imported steel and aluminum. But he sought to soften the  impact on America’s closest allies with a more flexible plan than  originally envisioned.
President Trump defied opposition from his own party and protests from overseas on Thursday as he signed orders imposing...
8 Mar 2018

U.S. Allies Sign Sweeping Trade Deal in Challenge to Trump

A trade pact originally conceived by the United States to counter China’s growing economic might in Asia now has a new target: President Trump’s embrace of protectionism. A  group of 11 nations — including major United States allies like Japan,  Canada and Australia — signed a broad trade deal on Thursday in Chile’s  capital, Santiago, that challenges Mr. Trump’s view of trade as a zero-sum game filled with winners and losers.
A trade pact originally conceived by the United States to counter China’s growing economic might in Asia now...

Publisher: NYTimes

Author:

7 Mar 2018

Gary Cohn Says He Will Resign as Trump’s Top Economic Adviser

White House officials insisted that there was no single factor behind the departure of Mr. Cohn, who heads the National Economic Council. But his decision to leave came as he seemed poised to lose an internal struggle over Mr. Trump’s plan to impose large tariffs on steel and aluminum imports. Mr. Cohn had warned last week that he might resign if Mr. Trump followed through with the tariffs, which Mr. Cohn had lobbied against internally.
White House officials insisted that there was no single factor behind the departure of Mr. Cohn, who heads the...

Publisher: Bloomberg

Author:

23 Jan 2018

Trump’s Tariffs on Solar Mark Biggest Blow to Renewables Yet

President Donald Trump dealt his biggest blow to the renewable energy industry yet.On Monday, Trump approved duties of as much as 30 percent on solar equipment made outside the U.S., a move that threatens to handicap a $28 billion industry that relies on parts made abroad for 80 percent of its supply.
President Donald Trump dealt his biggest blow to the renewable energy industry yet.On Monday, Trump approved duties of...

Publisher: NYTimes

Author:

12 Oct 2017

Trump’s Tough Talk on Nafta Raising Fears of Pact’s Demise

In recent weeks, the Trump administration has sparred with American businesses that support Nafta and pushed for significant changes that negotiators from Mexico and Canada say are nonstarters. All the while, the president has continued threatening to withdraw the United States  from the trade agreement, which he has maligned as the worst in history.
In recent weeks, the Trump administration has sparred with American businesses that support Nafta and pushed for...

Publisher: Asia Times

Author:

17 Aug 2017

Trump is late on China trade, too

If Donald Trump thought slapping China would divert attention from events in Virginia, he miscalculated. That’s because, just like his slow disavowal of racist protestors, Trump’s move to investigate Beijing’s trade practices is too little, too late. Directing Trade Representative Robert Lighthizer to probe America’s deficit with China makes for great optics for the reality-TV president.
If Donald Trump thought slapping China would divert attention from events in Virginia, he miscalculated. That’s...
6 Jul 2017

Ahead of G-20 summit, new trade deal snubs the U.S.

Ahead  of the G-20 summit, Japan and the European Union are expected to  announce a trade deal on Thursday in yet another sign that President  Donald Trump’s “America First” approach to trade and policy isn’t paying off. Creating a free trade area the size of North America, the deal will greatly expand global trade. Expected to lower barriers to the exportation of cars between Japan and the European bloc, the agreement will also reportedly allow for the import of trains and agricultural products to Japan specifically.
Ahead  of the G-20 summit, Japan and the European Union are expected to  announce a trade deal on Thursday in...
17 Jun 2017

Trump keeps rolling back Obama legacy by tightening travel and trade with Cuba

Donald Trump has announced a partial rollback of his predecessor’s rapprochement with Cuba, tightening travel and trade rules on the grounds of what he said was a worsening human rights situation on the island. The new rules will stop individual travel to Cuba and seek to  restrict the flow of payments to the many Cuban companies owned by the  regime’s security forces. It will not fully reverse the steps taken by Barack Obama in 2015 to ease the half-century policy of isolating Cuba.
Donald Trump has announced a partial rollback of his predecessor’s rapprochement with Cuba, tightening travel and...

Publisher: Spiegel

Author:

20 Apr 2017

Germany Seeks to Explain Trade Surplus to Trump

U.S. President Donald Trump has said it is "very unfair" that Germany sells more products in the United States than vice versa. Now German Finance Minister Wolfgang Schäuble is traveling to the U.S. with a paper obtained by DER SPIEGEL. The message: Trade surpluses aren't really a problem.
U.S. President Donald Trump has said it is "very unfair" that Germany sells more products in the United States than vice...
23 Jan 2017

Merkel advisors say Germany has ‘given up’ on Donald Trump acting like a President

German Vice Chancellor Sigmar Gabriel has warned the country could be in for a "rough ride" under President Donald Trump - but Chancellor Angela Merkel has expressed a more optimistic view EPA
German Vice Chancellor Sigmar Gabriel has warned the country could be in for a "rough ride" under President Donald Trump...

Publisher: The Japan Times

Author:

8 Jan 2017

‘Trump shock’ after Toyota tweet reverberates as Japan business community reacts with concern

U.S. president-elect’s protectionist threats put big business on back foot. President-elect Donald Trump’s tweet blasted Toyota’s plans to make U.S.-bound cars in Mexico, threatening expensive tariffs. In the wake of Trump’s latest tweet, some companies are giving second thoughts to plans to expand in Mexico, with one executive calling such a move “risky.”
U.S. president-elect’s protectionist threats put big business on back foot. President-elect Donald Trump’s tweet...

Leave a Comment

Your email address will not be published. Required fields are marked *

Name *