Trump administration officials are gearing up for a new round of trade talks with Chinese officials at the White House on Thursday after a U.S. trade delegation traveled to China earlier this month. The White House announced on Wednesday that Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross, U.S. Trade Representative Robert Lighthizer and additional […]
China Responsible for Destroying U.S. Manufacturing…
Tensions Erupt in Trump’s Trade Team Ahead of China Talks…
Dow Drops 420 Points after Trump Announces Steel Tariffs…
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 […]
Our Trade Imbalance Is Absolutely Killing Our Quarterly & Annual GDP Rates…
Another Slap in the Face When BEA Updated 4th Q GDP…
Leaked Treasury Report Warns of Painful ‘Economic Shock’ IF, Big IF, Britain Crashes Out of EU without a Deal…
Theresa May’s plans to rely on World Trade Organisation tariffs in the case of a hard Brexit will cause a “major economic shock” and is worse than any other option, according to an unpublished Treasury document leaked to The Independent. Crashing out of the EU without a trade deal is the “alternative to membership with […]
May’s 12-Point Brexit Plan…
PM May Issues Warning to Brussels and Promises to Drop Membership of Single Market…
Theresa May has suggested the UK will reject a “punitive” Brexit deal from the EU and trade on default World Trade Organisation (WTO) rules with the economic bloc. The prime minister issued the warning to Brussels after confirming the government would not seek to maintain single-market membership in a central London speech on Tuesday (17 […]
With Globalization in Danger, G-20 Double Down on a Defense…
Finance chiefs from the world’s biggest economies signaled escalating concern about a wave of anti-globalization sentiment that threatens core principles long embraced by the group…