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Dow Drops 420 Points after Trump Announces Steel Tariffs…

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Stocks plunged Thursday after President Trump announced plans to slap tariffs on steel and aluminum imports. The Dow closed more than 420 points down after the announcement. Trump said the tariffs will level the playing field for American companies and help them expand after plant closings in recent years. Trump made the dramatic announcement after […]

Justin From Canada Attempts Backup Option for Trade Mistakes, Fails Miserably…

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NAFTA is as precarious as a slow-spinning plate on a stick. Mexico and Canada are both taking half-hearted turns recharging the momentum – while simultaneously looking for trade options due to, well,.. the inevitable. The basic issue is a simple one; for the U.S. NAFTA has a fatal flaw. Canada and Mexico are used by […]

NAFTA Round #6 – USTR Robert Lighthizer Highlights Canada’s Deceptive Negotiation Approach…

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NAFTA renegotiation round six ended yesterday in Canada will no substantive progress on the most contentious trade issues. One negotiation chapter on corruption was closed, but there was little to no agreement on much else. Each of the primary Trade Representatives gave a closing statement at the conclusion of Round #6. U.S.T.R. Lighthizer blasted Canada […]

The Decline and Fall of General Electric, the Poster Child of Obamanomics…

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Sometimes we look back a decade or so and reconsider our word choice. For instance, I used to call General Electric — with its heavy lobbying, its intimate ties to the White House, all its bets on green energy, on embryonic stem cells, on Obamacare, on industrial policy — the “for-profit arm of the Obama […]

China Reports Biggest-Ever Annual Trade Surplus With U.S….

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China reported its largest-ever annual trade surplus with the U.S. last year while its overall imbalance with the world shrank, potentially strengthening the Trump administration’s case for tougher penalties and other trade actions against Beijing. A global recovery led by the U.S. provided a shot in the arm for Chinese exporters last year, boosting China’s […]

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