November 19, 2018

Carney: 6 Ways the USMCA Is Much Better than NAFTA.

While the Trump administration has touted the new trade pact with Mexico and Canada as a historic achievement and a promise kept, critics say that the differences between the NAFTA and the new agreement are so slight as to make the entire effort to renegotiate the trade pact “unnecessarily painful.” “This is better than anything […]

Trump has just revolutionized global trade by replacing NAFTA with USMCA.

(AP) Trump administration negotiators reached a major agreement with Canada on trade over the weekend.  The breakthrough, which came on the heels of an earlier deal with Mexico, vindicates President Trump’s tough approach to reforming trade and will mark a fundamental turning point for American jobs and global power. The new U.S.-Mexico-Canada Agreement (USMCA), which […]

Trump Declares USMCA $1.2T Deal Biggest in U.S. History

President Donald Trump valued the U.S.-Mexico-Canada Trade Agreement (USMCA) at $1.2 trillion on Monday, thereby replacing NAFTA as the biggest trade deal in U.S. history. Trump spoke from the White House Rose Garden surrounded by those who have worked on the new USMCA trade deal. The president called the USMCA “the most important trade deal […]

Nine Things to Know About the New U.S. Mexico Canada Agreement.

Donald Trump came closer to fulfilling one of his signature campaign promises Sunday night when the U.S. and Canada agreed to replace the North American Free Trade Agreement with the United States Mexico Canada Agreement, or USMCA. Canada gave in on several fronts it had been resisting, although it won a crucial fight over how […]

Trump: New Trade Deal With Canada, Mexico ‘Solves The Many Deficiencies And Mistakes In NAFTA’

Trump Announces New Trade Deal With Canada, Mexico President Donald Trump announced a new trade deal between the U.S., Canada, and Mexico to replace the North American Free Trade Agreement, in a Monday morning tweet. “Late last night, our deadline, we reached a wonderful new Trade Deal with Canada, to be added into the deal […]

Trump Delivers: U.S., Canada Strike Deal to Replace NAFTA Hours Before U.S.-Mexico Deadline.

The U.S., Mexico, and Canada came to a late-hours agreement Sunday to create a trilateral trade deal to replace NAFTA that is being deemed the USMCA, U.S.-Mexico-Canada Agreement. Senior Trump administration officials briefed reporters late Sunday night on the new deal, just one hour before the deadline set to send a U.S.-Mexico deal to Congress. […]

Donald Trump: United States ‘Will No Longer Tolerate’ Cheating from China.

President Donald Trump took a strong stance against China on Tuesday, during his speech at the United Nations General Assembly. “We will not allow our workers to be victimized, our companies to be cheated and our wealth to be plundered and transferred,” he said. “America will never apologize for protecting its citizens.” Trump called for […]

Trump Defends Tariffs, ‘Rebuilt’ China with Tremendous U.S. Money

President Donald Trump said in Tuesday’s White House joint press conference with Poland’s President Andrzej Duda that the U.S. has “just started” dealing with China on trade and it should have been done a long time ago. Trump’s response came after a reporter asked him if his trade tariffs police are working, given the U.S. […]

China Retaliates! Levies Tariffs on $60B in U.S. Goods.

China lobbed retaliatory tariffs on $60 billion in U.S. imports Tuesday after the U.S. announced new tariffs across $200 billion in Chinese goods. The $60 billion is in line with what China said it was preparing should the United States go through with the tariffs on $200 billion in Chinese goods. President Donald Trump flagged […]

Trump announces tariffs on $200B in Chinese goods.

President Trump on Monday announced that he is directing the U.S. Trade Representative to impose tariffs on $200 billion of Chinese imports, a move expected to escalate the trade war between the world’s two largest economies. The tariffs are expected to go into effect on Sept. 24 and will be set at a 10 percent […]

Luongo: Trump Doesn’t Want Peace With The EU

Donald Trump is on a mission. His goal? Destroy the post-WWII institutional order that has outlived its usefulness. And there have been a number of major moves that fundamentally tear at the fabric of that order. In a span of a day we’ve had the following things occur in quick succession. French President Emmanuel Macron […]

BREAKING: NAFTA is Out, a New Trade Deal With Mexico is Officially Here.

Speaking from the White House Monday morning, President Trump announced a reboot of NAFTA after weeks of negotiations with Mexico. “They used to call it NAFTA, we’re going to call it the United States Mexico Trade Agreement,” Trump said from the Oval Office, saying NAFTA has a negative connotation. “It’s a big day for trade. […]

Nasdaq hits 8,000 for the first time as US and Mexico move closer to striking NAFTA deal.

Predictable market reaction to reduction in trade tensions Stocks jumped on Monday as the United States and Mexico drew closer to a deal on NAFTA. Investors also digested reassuring comments from Federal Reserve Chair Jerome Powell on the central bank’s policy-tightening path. The Nasdaq Composite climbed 0.6 percent to an all-time high, breaking above 8,000 […]

Study: Trump Tariffs Created More than 11K American Jobs in Six Months.

President Trump’s protective tariffs on imported steel, aluminum, solar panels, and washing machines have created more than 11,000 American jobs over the course of six months, a new study reveals. Analysis conducted by a Coalition for a Prosperous America (CPA) finds that Trump’s tariffs, thus far, have created about 11,100 American jobs throughout the country, a […]

Trump administration nearing deal with Mexico on revised NAFTA — but issues with Canada remain.

WASHINGTON. – The Trump administration is close to striking a deal with Mexico on a revamped North American Free Trade Agreement, analysts said, but thorny issues are yet to be resolved with Canada, the third party in the trilateral pact. Reaching an agreement with Mexico would mark a breakthrough for the administration after a year […]

Fake News: TIME Blames Trump Tariffs for Closure of ‘Major’ U.S. TV Factory… That Makes Its Products in China!

The establishment media and a TV manufacturer are blaming President Trump’s tariffs on cheap, Chinese imports for the closure of the company whose product is made in China. This week, the establishment media has used the closure of Element Electronics, a small manufacturing plant in Winnsboro, South Carolina, where 126 workers will be laid off, […]

Tectonic Shift in China: Xi Under Fire as China Realizes It Underestimated U.S. Trade Resolve.

Chinese President Xi Jinping is facing backlash from within the Communist Party over his hardline stance in the trade dispute with the United States, Reuters reported Thursday. Reuters reports: A growing trade war with the United States is causing rifts within China’s Communist Party, with some critics saying that an overly nationalistic Chinese stance may […]

China Imposes $60B Retaliatory Tariffs on U.S.

China took a shot at the United States on Friday, announcing retaliatory tariffs of $60 billion on U.S. imports to the nation. China’s commerce ministry affirmed that the decision came in response to the U.S. move this week to increase proposed tariffs on $200 billion of Chinese goods from a 10 percent rate to 25 […]

Why is Trump fighting the trade war?

Why is Trump fighting the trade war?  Here’s why. Critics of Trump’s trade policies think everything is okay if we don’t do anything.  The chart below shows that everything is not okay if we don’t do anything. This is a chart of capital spending in the U.S. from 1968 through to the present.  It is a straightforward presentation […]

China started the trade war, Trump is just trying to end it.

President Trump didn’t start a trade war with China – he’s trying to end and win the trade war that China launched against the U.S. As the president has frequently pointed out, the Chinese have been undermining the world trade system for years, and no country has been hurt more by China’s unfair actions than […]

Wall Street celebrates Trump trade deal with EU.

No, President Trump isn’t provoking a trade war that will plunge the world economy into a new depression, and the disappointment of the Trump-hating media is palpable. Yesterday, the president and E.U. president Jean-Claude Juncker appeared in the Rose Garden and announced a win-win deal on trade. The Washington Post: The United States and the European […]

Winning: Trade Deal a ‘Major Win for President Trump,’ ‘Major Concession’ by European Union.

President Donald Trump scored a “major win” on Wednesday by reaching a limited trade deal with the European Union, which made a “major concession” to the United States to avoid a trade war. That’s according to business news anchor Neil Cavuto of Fox News — who just last week blasted President Trump over his press […]

Trump Tells China No More Mr. Nice Guy.

Trump Calls Out China For Being ‘Vicious’ On Trade — Warns ‘We Were Being Nice – Until Now!’ President Donald Trump went after China for being “vicious” to the United States on trade issues in a tweet storm Wednesday. “Every time I see a weak politician asking to stop Trade talks or the use of […]

President Trump: Countries That Have Treated Us Unfairly on Trade for Years Are Coming to Washington to Negotiate.

President Trump is meeting with several international leaders this week to negotiate better trade deals for the United States. Countries that have treated us unfairly on trade for years are all coming to Washington to negotiate. This should have taken place many years ago but,as the saying goes, better late than never! — Donald J. […]

Trump To Hand Out Billions In Aid To Farmers Caught In The Trade War Crossfire

The Trump administration reportedly plans to extend $12 billion in emergency financial assistance to farmers negatively affected by the ongoing trade war between the U.S. and China, among others, Politico reported Tuesday. With tens of billions of dollars in tariffs already in effect and the possibility of tariffs on exports worth hundreds of billions of […]

The US-China trade war has begun – a shooting war could be next.

A trade war broke out Friday between the U.S. and China, when the U.S. imposed tariffs on $34 billion in Chinese products and China slapped tariffs on and equal amount of U.S. products. President Trump has said that would prompt the U.S. to impose up to $500 billion in Chinese products. But things could get […]

Trump will tell NATO nations U.S. cannot be the world’s piggy bank

ABOARD AIR FORCE ONE (Reuters) – President Donald Trump will tell fellow NATO countries at next week’s summit that the United States cannot be “the world’s piggy bank,” White House spokesman Hogan Gidley said on Tuesday. “What the president is going to do is go into these meetings with the mindset to protect the American […]

Trump to Macron: E.U. ‘Worse than China’ on Tariffs.

U.S. President Donald J. Trump said the European Union (EU) is “worse than China” in a meeting with French President Emmanuel Macron, a source has claimed. “Let’s work together, we both have a China problem,” President Macron had asked, according to the source, who is reported by Axios to have been present at a meeting of the […]

President Trump Gives ‘Hurt’ Trudeau And ‘Rip-Off’ EU An Economics Lesson — ‘Fair Trade’ Is ‘Fool Trade’

President Trump: ‘Fair Trade Is Now To Be Called Fool Trade’ The ongoing feud between President Trump and Canadian Prime Minister Justin Trudeau continued Sunday evening when Trump defined nonreciprocal trade as “fool trade” in a tweet. Why should I, as President of the United States, allow countries to continue to make Massive Trade Surpluses, […]

President Trump Proposes ZERO Tariffs, ZERO Barriers, and ZERO Subsidies at G7 Summit (VIDEO)

This ought to push the globalists back on their heels. President Trump on Saturday challenged G7 leaders to make the G7 a tariff free and subsidy free zone. “We’re the piggy bank that everybody is robbing,” Trump said. “And that ends.” President Trump announced the proposal during his press conference Saturday morning before leaving early […]

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