Tuesday, April 10, 2018

ARCHIVE TARIFFS AND TRADE: March 3 - April 10, 2018

Live Blog


April 10, 2018


CHINA BLINKS: XI PROMISES LOWER TARIFFS


Chinese President Xi Jinping on Tuesday (Monday night in the U.S.) promised to open the country’s economy further and lower import tariffs on products including cars, in a speech that comes amid rising trade tensions between China and the United States. Xi also said China would raise the foreign ownership limit in the automobile sector “as soon as possible” and push previously announced measures to open the financial sector. “This year, we will considerably reduce auto import tariffs, and at the same time reduce import tariffs on some other products,” Xi said at the Chinese Boao Forum for Asia in Hainan province. The comments sent U.S. stock futures, the dollar and Asian shares higher. (More)





April 7, 2018


TRUMP: SO CALLED 'FREE TRADE' IS REDISTRIBUTION


President Trump explains in one single tweet why what is called "free trade" is actually the redistribution of wealth from developed countries to developing countries. This is how globalists think. The world's wealth is a zero sum game to them. It's world Socialism! On the other hand, imposing tariffs, as leverage in negotiations or as an instrument to counter unfair trade practices, is not "protectionism" but a healthy defense against globalist redistribution.





April 4, 2018

TRUMP: TRADE WAR WAS LOST YEARS AGO


In retaliation for $50 billion in U.S. trade tariffs against Chinese imports, China laughably hits back with $3 their own billion tariffs against the U.S. According to most reporting Beijing has selected U.S. pork and scrap aluminum as targets for a 25% tariff, along with wine and fruit tariffs around 15%. It should be emphasized the approach by China is rather ridiculous considering the Chinese government purchased the largest U.S. pork manufacturer Smithfield in 2013 for $5 billion; at the time the purchase price was 30% more than the company was worth. Smithfield, now a Chinese company, represents 25% of all U.S. pork products. Do you really think China is going to not import it’s own pork products… or subject them to a domestic tax? Think about it. It’s ridiculous. China knows they have ZERO leverage in a trade-dispute with the U.S., they cannot afford to lose access to the U.S. market. (More)





March 25, 2018


(THREAD) WHY PRESIDENT TRUMP SIGNED THE SPENDING BILL


As is the case with tariffs, President Trump signing Congress' spending Bill has many Trump supporters distraught and confused as to the President's goals and motives. Equal and fair trade is easier to explain than a boondoggle of a spending Bill that is putting Obama era Omnibuses to shame. After 48 hours the synapses have started working again and the reality why the President signed off on the Bill are slowly becoming apparent. After more than a year in office, some of the more ideological followers still have not learned to trust their President. There is always a very good reason why he is making the choices that he does with American interests first in mind. In the threads are a number of ideas, for what they are worth at this point, because neither can be verified at this stage. Clue: it's a spending Bill, not a budget. Our Stable Genius can spend as he wants, slow walking funding of Planned Parenthood, or holding back until the Senate finally confirms his appointments.





March 8, 2018


(LIVE STREAM) PRESIDENT TRUMP SIGNS EO ON TARIFFS



Live stream: The White House - President Trump Signs the Section 232 Proclamations on Steel and Aluminum Imports. 
Today in a meeting with steel and aluminium representatives President Trump is expected to officially announce import tariffs of 25 percent for steel and 10 percent for aluminium, applicable two weeks from now. The President is reserving the right to make exemptions, as will probably be the case for Canada and Mexico, currently renegotiating NAFTA trade agreement with the Trump administration and close allies, like Britain and Australia.

Here's the entire thread: ↓


(VIDEO) WILBUR ROSS: TARIFFS ARE A NATIONAL SECURITY ISSUE




March 8, 2018 Wilbur Ross: Trump tariff plan is about economic, national security.




March 3, 2018

EUROCRATS THREATEN A TRADE WAR


It didn’t take long for the European Union to prepare retaliatory taxes on a number of U.S. goods after President Trump announced his intention to impose tariffs on steel and aluminum imports. If Trump follows through with the tariffs, the U.S. goods that could be affected include agricultural goods like corn, steels products, and consumer items such as motorcycles, cosmetics, jeans, bourbon whiskey, and more. In all, the products are valued at more than 800 million euros. Some of the consumer items would target those in the GOP heartland. (More)

The EU last year hiked tariff on steel from China by 36%. Trump setting a tariff of 25% on steel offers the Left an opportunity to demonize Trump. 



BACKGROUND

PLANET TRUMP: 50 PARADIGM SHIFTS

Donald Trump has won the Presidential election. But what does that mean? Welcome into the new world. The repercussions of Donald Trump as leader of the most powerful nation on earth are almost infathomable. The political and media establishment (but also entire swathes of the world population) still don't know what hit them. (More)




Related