November 20, 2019

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: 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 […]

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. […]

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 […]

In Angry Tweetstorm Trump Escalates Attack On Media: “They Can Also Cause War”, Claims US Winning Trade War With China.

Trump started off his Sunday early with a tweetstorm that continued his spirited defense of trade war with China from the previous day, claiming his rising tariffs on other nations are “working big time,” vowing to tax any nation that doesn’t manufacture its products in the US: “as they come,Tax them. If they don’t want […]

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 […]

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 […]

Trump and Putin Meet for 1-on-1 Discussion on Trade, Military, Missiles, Nuclear, and China

President Donald Trump and Russian President Vladimir Putin briefly spoke to cameras before beginning a one-on-one meeting Monday that Trump said would include discussion of nuclear arms, China, and hopes of building an “extraordinary relationship.” Trump and Putin met at the Presidential Palace in Helsinki, Finland, to give opening statements before beginning their closed-door private […]

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 […]

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, […]

Trade Deficits Paying for China Military Buildup.

One little detail largely escaped media notice when Chinese president Xi Jinping met with North Korean dictator Kim Jong-un on May 8.  The visit coincided with China’s launch of its first indigenous aircraft carrier in the town where the two met, perhaps sending a message to friend and foes of both China and North Korea: The […]

Trump kicks off G-7 summit with dings at Canada, Europe over trade policies.

President Trump came out swinging as he entered the G-7 summit in Quebec on Friday, vowing to fight “unfair” trade policies despite terse warnings from U.S. allies over his administration’s tough new tariffs. Trump was saluted by Canadian Mounties as he arrived at a military base in Quebec Friday afternoon — but it is unclear […]

Trump Hits Justin Trudeau Square In The Jaw Over Trade.

President Donald Trump hit back at Canadian Prime Minister Justin Trudeau’s protests at the recent leveling of tariffs on steel and aluminium imports to the U.S. from his country. Canada has treated our Agricultural business and Farmers very poorly for a very long period of time. Highly restrictive on Trade! They must open their markets and […]

Donald Trump Signals Victory with China as Trade War Stalls.

President Donald J. Trump signaled a victory with China on trade as threatened tariffs from both countries were put on hold as negotiations continue. “On China, Barriers and Tariffs to come down for first time,” Trump wrote Monday on Twitter, as talks between representatives of the two countries continue. “China has agreed to buy massive […]

US, China agree to abandon trade war: Beijing.

China’s Vice-Premier Liu He said the two sides “reached a consensus, will not fight a trade war, and will stop increasing tariffs on each other” (AFP Photo/) Beijing (AFP) – Washington and Beijing have agreed to abandon any trade war and back off from imposing tariffs on each other, Chinese state media reported Sunday. The […]

US, China tentatively agree on ending American trade deficit: White House.

United States and China officials have agreed this weekend to take steps to reduce the U.S. trade deficit, the White House said Saturday. The agreement between the world’s two biggest economies was made this week in Washington by high-level negotiators from both countries, including Treasury Secretary Steven Mnuchin. “There was a consensus on taking effective […]

Record exports cut US trade deficit to $49 billion.

WASHINGTON (AP) — Record exports trimmed the U.S. trade deficit in March, the first drop in seven months in a massive gap that President Donald Trump is determined to shrink with an aggressive America first policy. The Commerce Department says the trade deficit — the difference between what America sells and what it buys in […]

Tariffs, Trade, Terrorism, Syria, Iran on the Table for Trump and Macron Bilateral Meetings.

U.S. President Donald Trump and French President Emmanuel Macron are expected to tackle controversial topics from trade to terrorism during the first state visit of the Trump administration. Trump and Macron will discuss economic, diplomatic, and global issues during the state visit, White House press secretary Sarah Sanders informed reporters on Monday. “The first lady […]

U.S. Trade Deficit with China Has Eliminated at Least 3.4M American Jobs.

The United States’ trade deficit with China has eliminated at least 3.5 million American jobs since 2001, data reveals. As President Trump is set to release a package of $50 billion worth of tariffs and restrictions on Chinese investments, the U.S. goods trade deficit with China remains at $29.3 billion. Since 2001, free trade with […]

WATCH: Whistleblower Says Illegal Aliens Have ‘Taken Over Every Trade’ in CA Construction, Driven Down U.S. Wages

A whistleblower in the southern California construction industry says illegal alien workers have “taken over every trade” in the business while driving down wages by an estimated 40 percent. In an interview with the group Progressives for Immigration Reform, a whistleblower who was an independent contractor throughout the 1980s and 1990s explains how the California […]

Donald Trump Resolute on Tariffs and Trade: I Was Elected to Protect Our Workers.

President Donald Trump was resolute on his proposed tariffs on steel and aluminum, promising to stand for American workers despite complaints from foreign leaders and company CEOs in the United States. “I’m here to protect and one of the reasons I was elected was I’m protecting our workers, I’m protecting our companies,” Trump said during a […]

White House, Graham Trade Barbs Amid Stalemate: Shutdown Update.

White House Deputy Press Secretary Hogan Gidley called the South Carolina senator “an outlier” in a statement Sunday after Graham publicly criticized a senior Trump aide known for hardline views on restricting immigration. “As long as Senator Graham chooses to support legislation that sides with people in this country illegally and unlawfully instead of our […]

In Beijing Trump BLASTS Previous Administrations for $347 Billion Trade Deficit with China (VIDEO)

Trump BLASTS Previous Administrations for Screwing US Workers The U.S. trade deficit with China was $347 billion in 2016. The trade deficit exists because U.S. exports to China were only $116 billion while imports from China were $463 billion — via The Balance. On Thursday President Trump told a Beijing audience, “I don’t blame China!” for the massive US trade deficit with the economic giant. In […]

DEVELOPING: Multiple People Dead In Manhattan Following Car Attack Near World Trade Center

NYPD Handout Given To The New York Post The New York City Police Department (NYPD) confirmed that a suspect is in custody following a shooting in Lower Manhattan on Tuesday in which there were multiple reported injuries. At least six people are dead and 15 more injured in what police initially called a “road rage […]

Trump and Mnuchin Threaten China with Trade Sanctions After North Korea Nuke Test

North Korea’s latest nuclear test is also a test of China and the resolve of the United States. On Sunday, North Korea set off its sixth nuclear explosion. Tremors from the explosion, which was as much as 10 times bigger than the previous test last year, could be felt in cities in China’s northeast. The […]

US Preparing New Wave of Sanctions against Venezuelan Regime, Including Bond Trade Ban

The US has sanctioned Venezuela on three previous occasions, including more than a dozen high-standing regime members and Maduro himself. (flickr) The United States is preparing to issue a new wave of sanctions against the dictatorship in Venezuela. The Wall Street Journal reported Wednesday, August 24 that US President Donald Trump and his adminsitration will […]

Source: