White House: China Airline Demands “Orwellian”

China’s Civil Aviation Administration sent a letter this week to thirty-six foreign carriers, including airlines in the United States, demanding the removal of any reference to Taiwan, Hong Kong or Macau being independent of China. The White House responded to the letter calling the demands “Orwellian.” “President Donald J. Trump ran against political correctness in […]

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China Pledges to Open Markets, Easing Fears of Trade War

In an effort to ease rising tensions between the China and the U.S., Chinese President Xi Jinping announced that tariffs on automobile imports would be lowered “significantly” this year. The move, Xi says, is part of a “new phase of opening up” China’s large economy to foreign products. China currently has the world’s second largest […]

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As Fear of Trade War Subsides, Evidence President’s Negotiating Style May Be Working

As fears of a trade war between the U.S. and China erupted last week, high-ranking officials from both nations began negotiating possible solutions to a trade deficit President Trump has called “out of control.” “It’s the largest deficit of any country in the history of our world,” he said last week with regards to the […]

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Average U.S. Tariffs Less Than Half Those of China Research Shows

Analysis by Pew Research has revealed that the U.S. has among the lowest tariff rates against imported goods in the world. It also shows that its current tariff rates are close to the lowest they’ve been in the nation’s history. In 2016 the average tariff applied by the U.S. on imported goods was 1.61%. That […]

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President Trump Exempts U.S. Allies, EU from Steel & Aluminum Tariffs

The Trump administration has announced that the European Union, Australia, Argentina, Brazil and South Korea will be exempt from the 25% steel and 15% aluminum tariffs the President announced earlier this month. The President’s tariff announcement angered many longstanding allies and set off a flurry of backroom diplomacy as countries sought exemptions and threatened retaliatory […]

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China Announces Retaliatory Tariffs, Sparking Fears of a Trade War

The government of China announced retaliatory tariffs against the U.S. for levies signed by President Trump yesterday that raise duties on Chinese made goods entering the U.S. The President signed penalties that amount to $50 billion, and may equal as much as $60 billion, in an effort to bring the U.S.’ trade deficit, and its […]

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President Trump Levels $50 Billion in Tariffs Against China, Hints More May Be to Come

President Trump announced his administration would be imposing $50 billion on Chinese made goods entering the U.S. The measures, the President said, are aimed at correcting what he called, “the largest deficit of any country in the history of our world.” “It’s out of control,” he added. The taxes are aimed at intellectual property theft […]

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Eleven Countries, Including Canada and Mexico, Move forward With TPP Without U.S.

Eleven countries have moved forward with a trans-pacific trade pact despite President Trump pulling the U.S. out of the negotiations of the deal last year.  Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam gathered in Santiago this week to sign the renamed Comprehensive and Progressive Trans-Pacific Partnership. The agreement creates […]

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U.S. Steel Announces Reopening of Illinois Mill Because of Trump’s Tariffs

U.S. Steel, one of the nation’s largest and oldest steel makers, has announced the restart an idled steel plant in Granite City, IL, because of President Trump’s decision to impose sanctions on steel and aluminum imports, this week.  The company anticipates increased demand for steel in the wake of the Trump’s announcement. The plant at […]

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