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  • Video/Audio
    8 months ago
    by geoleo
    +9 +1

    Why China is targeting US hogs and Harleys

    How did livestock and motorcycles become unlikely weapons in a looming trade war between the United States and China? The BBC's Anthony Zurcher has the answers.

  • Current Event
    8 months ago
    by geoleo
    +18 +1

    China's Xi renews vow to open economy, cut tariffs as U.S. trade row deepens

    Chinese President Xi Jinping promised on Tuesday to open the country’s economy further and lower import tariffs on products like cars, in a speech seen as an attempt to defuse an escalating trade dispute with the United States. While much of his pledges were reiterations of previously announced reforms that foreign businesses say are long overdue, Xi’s comments sent stock markets and the U.S. dollar higher on hopes of a compromise that could avert a trade war.

  • Current Event
    7 months ago
    by cone
    +7 +1

    Why Made in China 2025 is at the centre of US trade tensions

    Policy documents don't usually attract this much attention, but China's hi-tech manufacturing plan could have a dramatic effect on global trade. Made in China 2025 is a 10-year industrial development plan, but businesses and governments around the world are concerned it will have a dramatic effect on global trade. Chinese state media has even accused the United States of trying to provoke a trade war in order to undermine the policy. Ambitious, long-term policy documents don't always attract this much attention, so let's have a look at why this one is different.

  • Current Event
    7 months ago
    by gottlieb
    +3 +1

    US: Punitive China tariffs on hold

    China and the US say they will halt imposing punitive import tariffs, putting a possible trade war "on hold". The deal came after talks in the US aimed at persuading China to buy $200bn (£148bn) of US goods and services and thereby reduce the trade imbalance. US Treasury Secretary Steven Mnuchin did not give figures, but said the US would impose tariffs worth $150bn if China did not implement the agreement.

  • Current Event
    6 months ago
    by gottlieb
    +8 +1

    U.S.-China trade deal 'too hard to get done,' Trump says

    U.S. President Donald Trump on Wednesday signaled a new direction in U.S. and China’s trade talks, saying the current track appeared “too hard to get done” and that any possible deal needed “a different structure.

  • Current Event
    6 months ago
    by 66bnats
    +9 +1

    US to hit EU with steel and aluminum tariffs, report says

    The Trump administration is reportedly planning to impose import tariffs on European steel and aluminum after finding no satisfaction in its effort to win trading concessions on the issue. An announcement dropping the EU from an exemption to global tariffs of 25% on imported steel, and 10% on aluminum, could come on Thursday, according to the Wall Street Journal.

  • Current Event
    6 months ago
    by socialiguana
    +4 +1

    Dow drops more than 200 points as Trump tariffs reignite trade-war fears

    Stocks fell on Thursday after President Donald Trump slapped tariffs on the European Union, Mexico and Canada, sparking fears the U.S. could enter a trade war with some key partners. The Dow Jones industrial average dropped 251.94 points to close at 24,415.84, with Boeing contributing the most losses to the index. The S&P 500 declined 0.7 percent to 2,705.27 as consumer staples lagged. The Nasdaq composite, meanwhile, pulled back 0.3 percent to 7,442.12.

  • Current Event
    6 months ago
    by everlost
    +3 +1

    Macron calls US tariffs an 'illegal' decision

    French President Emmanuel Macron on Thursday said he "deplored" the US move to impose harsh tariffs on steel and aluminium imports from the European Union, declaring it an "illegal" decision. Warning about "nationalism", Macron told journalists he would talk later on Thursday with US President Donald Trump.

  • Current Event
    6 months ago
    by rexall
    +3 +1

    US sanctions have a weak spot: tiny allies like Latvia

    When the U.S. hit North Korea with sanctions last year, Pyongyang’s state-owned banks found a quiet backchannel to keep money flowing to the country’s ballistic missile programs, the U.S. says: the tiny European country of Latvia. One of the biggest banks in Latvia — a member country of the European Union and NATO — built a business from processing illegal money transfers, enabling North Korea to continue to procure missiles, the U.S. government says.

  • Current Event
    6 months ago
    by 66bnats
    +3 +1

    How 'Trump wrote a cheque for $600 million' to Canada's aluminum producers

    Trade actions like the ones taken by the Trump administration this week are intended to inflict pain, and the steel and aluminum tariffs levied by the Trump administration are unwelcome developments for both industries in Canada. But the harm will fall disproportionately on producers of steel, rather than aluminum — and not only because the tariff on steel (25 per cent) is higher than the one on aluminum (10 per cent).

  • Current Event
    6 months ago
    by ilyas
    +18 +1

    Britain won't sign any U.S. trade deal if it's not in UK interest:...

    Britain won't sign up to any trade deal with the United States if it is not in its own interest, trade minister Liam Fox said on Saturday, after U.S. tariffs on metals imports drew a rebuke from one of Washington's major European allies.

  • Current Event
    6 months ago
    by zritic
    +11 +1

    The Latest: China warns US no deal if tariffs go ahead

    The Latest on trade talks between the U.S. and China (all times local): 2:05 p.m. China has warned any agreements with Washington in their talks on settling a sprawling trade dispute "will not take effect" if threatened U.S. sanctions including tariff hikes go ahead. The statement Sunday came shortly after delegations led by U.S. Commerce Secretary Wilbur Ross and China's top economic official, Vice Premier Liu He, held another round of talks on China's pledge to narrow its trade surplus with the United States by purchasing more American goods.

  • Current Event
    6 months ago
    by hedman
    +10 +1

    Mexico hits back with $3 billion in tariffs on U.S. products

    Retaliating for tariffs imposed by the Trump administration, Mexico hit back Tuesday with fiscal penalties on U.S. exports like pork, steel, cheese and whiskey. The Mexican tariffs, announced last week, officially took effect Tuesday.

  • Expression
    6 months ago
    by zritic
    +16 +1

    Canadian government pushing back against Trump’s proposal for separate trade deals

    The Canadian government is rejecting a push by the Trump administration to strike separate, bilateral trade deals with Canada and Mexico instead of pushing ahead with a stalled effort to renegotiate the North American Free Trade Agreement. Ottawa’s refusal Tuesday to pursue a one-on-one trade deal with the United States came after Donald Trump’s top economic adviser said the president was serious about pursuing bilateral agreements with its NAFTA partners.

  • Current Event
    6 months ago
    by geoleo
    +12 +1

    China is working to change global commodities trading — to its own benefit

    Chinese exchanges are wooing international commodities traders in a bid to overtake longstanding benchmark prices — many of which are set in Europe and the U.S. — reflecting ambitious plans by the world's second-largest economy to expand its influence overseas. In the last few months, Chinese exchanges have opened up the trading of derivatives products for a few major commodities to international participants.

  • Current Event
    6 months ago
    by everlost
    +13 +1

    Macron calls on G7 members to confront Trump over trade

    Emmanuel Macron has called on other members of the G7 to stand up to Donald Trump’s trade policies in the face of what he described as the threat of a new US “hegemony”. The French president was speaking alongside the Canadian prime minister, Justin Trudeau, who is hosting the G7 summit in Quebec amid sharp disagreements between the US president and the six other leaders of industrialized liberal democracies over trade, climate change and the nuclear deal with Iran.

  • Current Event
    6 months ago
    by doodlegirl
    +8 +1

    Trump floats scrapping all tariffs, barriers at G-7 summit: report

    President Trump reportedly asked world leaders at the Group of Seven Summit on Friday to consider "no tariffs" at all amid growing tensions over the administration's trade moves. Politico, citing officials who listened and took notes of the discussions, reported that Trump told assembled world leaders that “we should at least consider no tariffs, no barriers — scrapping all of it." The newspaper reported that the idea was challenged Canadian Prime Minister Justin Trudeau, who is hosting the summit in Quebec.

  • Current Event
    6 months ago
    by geoleo
    +8 +1

    Trade war with Canada 'the apex of stupidity'

    Lamenting the unequal and contentious relationship between his country and the United States, 19th-century Mexican President Porfirio Díaz remarked: “Poor Mexico, so far from God and so close to the United States.” Take out “Mexico” and insert “Canada,” and no doubt that you will be reading the mind of Prime Minister Justin Trudeau today.

  • Current Event
    6 months ago
    by geoleo
    +9 +1

    Trade war: EU to put tariffs on US after Trump’s ‘depressing’ tweets

    Europe will implement counter-measures against US tariffs on steel and aluminium, German Chancellor Angela Merkel said on Sunday, voicing regret about President Donald Trump’s abrupt decision to withdraw support for a Group of Seven communique.

  • Current Event
    6 months ago
    by wetwilly87
    +14 +1

    Donald Trump accuses India of charging 100% tariff, says trade might stop

    President Donald Trump has taken a swipe at India along with the world's other top economies and accused New Delhi of charging 100 per cent tariff on some of the US' goods, as he threatened to cut trade ties with countries who are robbing America. Trump made the remarks in Canada's Quebec City where he was attending the G7 summit that ended in farce after he abruptly rejected the text of a consensus statement and bitterly insulted the host.

  • Current Event
    6 months ago
    by hxxp
    +3 +1

    States that supported Trump would get hit hardest in a Canada trade war

    Voters who supported President Donald Trump in 2016 can be expected to cheer his tough stance on trade policy with Canada. A review of state-level trade data, though, may give many of them second thoughts. The U.S. and its second-largest trade partner moved closer to an outright trade war Sunday, after Trump and top White House advisors lashed out at Canadian Prime Minister Justin Trudeau. The tense exchange followed Trump's decision to abruptly withdraw support for a Group of Seven communique and verbally attack Trudeau as being "very dishonest and weak."

  • Current Event
    6 months ago
    by capoti
    +7 +1

    Donald Trump Approves Tariffs on About $50 Billion of Chinese Goods

    President Donald Trump approved tariffs on about $50 billion of Chinese goods, people familiar with the decision said, as the U.S. ratchets up its trade fight with Beijing over China’s alleged pressure on U.S. firms to transfer technology to Chinese partners. The approval followed a 90-minute meeting on Thursday of senior White House officials, national-security officials and senior representatives of the Treasury, Commerce Department, U.S. Trade Representative’s Office.

  • Current Event
    6 months ago
    by Nelson
    +6 +1

    Merkel hints at probes of U.S. tech giants as Trump threatens car tariffs

    German Chancellor Angela Merkel hinted at a new front in the trade row with the United States, warning that Europe's strategic interests rode on the future of Europe's car industry and hinting at competition probes of U.S. internet giants. Just as U.S. President Donald Trump had given national security as a reason for threatening punitive tariffs on German cars, "We should think about the strategic significance of the auto industry for the European Union so we can prepare an exchange with the U.S.," she said.

  • Current Event
    6 months ago
    by everlost
    +9 +1

    The $1.4 Trillion U.S. ‘Surplus’ That Trump’s Not Talking About

    The U.S. has a surplus of $20 billion with China and $1.4 trillion with the rest of the world. That’s not a normal trade balance, of course, where the U.S. registered an annual deficit of more than $330 billion with China and about $550 billion with the world last year, but an "aggregate sales surplus" which measures both direct trade and the sales of multinational companies, according to research by Deutsche Bank AG.

  • Current Event
    6 months ago
    by cone
    +3 +1

    Trump administration explores tariffs on autos, auto parts

    The Trump administration launched an investigation into whether tariffs are needed on the imports of automobiles into the United States, moving swiftly as talks over the North American Free Trade Agreement have stalled. President Donald Trump predicted earlier that U.S. automakers and auto workers would be "very happy" with the outcome of the NAFTA talks.

  • Current Event
    6 months ago
    by ubthejudge
    +11 +1

    The only dark cloud over the U.S. economy is Trump’s trade fights with, well, everybody

    President Trump is either building up trade walls or tearing them down, but no matter which view is right, he’s definitely putting investors and Wall Street on edge. On Friday the White House said it would proceed with plans to sock $50 billion in Chinese goods with steep tariffs after talks on removing trade barriers in China got nowhere. And even though Trump promised to ratchet up sanctions if China retaliated, China quickly vowed a tit-for-tat response.

  • Current Event
    6 months ago
    by grandsalami
    +13 +1

    Trump threatens China with new tariffs on $200 billion in goods

    U.S. President Donald Trump threatened on Monday to impose a 10 percent tariff on $200 billion 150.76 billion pounds) of Chinese goods, prompting a swift warning from Beijing of retaliation, as the trade conflict between the world's two biggest economies quickly escalated.

  • Current Event
    6 months ago
    by Apolatia
    +25 +1

    Trump’s “Easy-to-Win” Trade War Wipes Out 2018 Dow Gains

    On Friday, continuing to labor under the (now fully debunked) assumption that trade wars are “good” and “easy to win,” Donald Trump announced tariffs on $50 billion of Chinese imports, with the first $34 billion going into effect July 6. Predictably, China announced a plan to retaliate, saying it would “immediately introduce the same scale and equal taxation measures,” and that “all economic and trade achievements reached by the two sides will be invalidated.”

  • Current Event
    5 months ago
    by Borska
    +15 +1

    Trudeau urges Canadians to travel and buy Canadian in the face of U.S. trade dispute

    As a Canada-U.S. trade dispute threatens to grow nastier, Prime Minister Justin Trudeau is encouraging Canadians to travel and spend at home though he stopped just shy of urging a boycott of American goods and destinations.

  • Current Event
    5 months ago
    by ckshenn
    +25 +1

    Europe will hit US products with tariffs starting Friday

    European Union tariffs on products from the United States will go into effect on Friday. The European Commission announced Wednesday that it had approved initial retaliatory tariffs on US exports worth €2.8 billion ($3.2 billion). The tariffs will hit American products including motorcycles, orange juice, bourbon, peanut butter, motor boats, cigarettes and denim. They are a response to the Trump administration's tariffs on steel and aluminum exports from Europe.

  • Current Event
    5 months ago
    by takai
    +18 +1

    Trump threatens 20% tariff on all car imports from the EU

    President Donald Trump tweeted another tariff threat Friday, this time targeting imported autos from the European Union. The president said on his feed that if the EU does not removed duties on U.S. cars, then the U.S. will have no choice but to act. The threat comes just two days after Commerce Secretary Wilbur Ross said no decision had been made on whether the U.S. would extend the volley of tariffs it has imposed on other goods to the automobile industry.

  • Current Event
    5 months ago
    by geoleo
    +15 +1

    Car Tariffs? Europe Is Ready to Retaliate as Trade Dispute Grows

    The European Union says it will continue a tit-for-tat escalation in its trade dispute with the U.S. while countering President Donald Trump’s assertion that the U.S. is being treated unfairly by the 28-nation bloc. Jyrki Katainen, the EU commissioner in charge of jobs and growth, told the French newspaper Le Monde in a story posted Saturday that if Trump applies new tariffs to European cars, as he threatened this week, the bloc “again, would have no choice but to react.”

  • Current Event
    5 months ago
    by tukka
    +14 +1

    In blow to Trump's 'America First' policy, Harley-Davidson moves some production overseas

    Milwaukee-based motorcycle manufacturer Harley-Davidson announced Monday that it will move the production of its European Union-bound motorcycles to sites overseas as a direct result of President Trump's escalating trade war, the Financial Times reports. Harley-Davidson said that European Union tariffs, which were imposed in retaliation to Trump's tariffs on imported steel and aluminum, would increase the average cost of a motorcycle to the EU from the U.S. by around $2,200, Marketwatch reports.

  • Current Event
    5 months ago
    by kxh
    +11 +1

    Iconic motorcycle company latest to feel Donald Trump's Twitter wrath

    The President has threatened Harley-Davidson with severe taxes and accused the company of misleading Americans.

  • Current Event
    5 months ago
    by baron778
    +21 +1

    Trump threatens Harley-Davidson with a 'big tax' if it moves out of the US

    President Donald Trump on Tuesday threatened the motorcycle maker Harley-Davidson with "a big tax" after the company announced plans to move some of its manufacturing to Thailand, and he also accused the company of using new trade tariffs as an excuse to leave the US. "Early this year Harley-Davidson said they would move much of their plant operations in Kansas City to Thailand," Trump tweeted Tuesday. "That was long before Tariffs were announced. Hence, they were just using Tariffs/Trade War as an excuse."