China May Restrict Access of U.S. Companies to Technology

China is taking steps to protect its technological advancements, it says, in the latest tit-for-tat in escalating trade tensions with the U.S. The move is seen as retaliation to the U.S. government’s stance against Chinese technologies companies. Last month the U.S. added Huawei, the giant Chinese smartphone maker, to a blacklist of companies prevented from […]

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Google Halts Business with Smartphone Maker Huawei

Google’s parent company Alphabet, Inc, has discontinued business with Huawei in the wake of the Trump administration adding the Chinese smartphone maker to a blacklist of companies prevented from doing business in the U.S. The business includes any operations that require the transfer of hardware, software and technical services except those publicly available via open […]

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Trump Drops Tariffs on Canada, Mexico Steel Imports to Ease Passage of Trade Deal

The Trump administration has agreed to lift tariffs on steel imports from Canada and Mexico, paving the way for a new trilateral trade deal to go through. President Trump made the announcement in remarks to the National Association of Retailers in Washington, D.C., Friday. “I’m pleased to announce that we’ve just reached an agreement with […]

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Canada Responds with $13 Billion in Tariffs on U.S. Goods

Canada has responded to American tariffs on steel and aluminum imports by slapping $16.6 billion Canadian dollars, or about $12.5 billion U.S. dollars, worth of taxes on U.S. imports. The levies went into effect yesterday. The U.S. has placed 25% and 10% tariffs on steel and aluminum imports respectively, from Mexico, China, Turkey, India, the […]

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Harley Davidson to Become First Causality in Trump’s Bourgeoning Trade War

Harley Davidson is about to be an unintended causality in the President’s growing trade war with the European Union. The company has announced it will be moving some of its iconic motorcycle production out of the U.S. in order to avoid new tariffs imposed by the EU. The Trump administration announced tariffs on steel and […]

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Unemployment at 3.9% After Positive Jobs Report

The U.S. economy added 164,000 jobs last month in a positive jobs report that indicated the country’s near-record expansion is continuing unabated. Economists were expecting an increase of about 193,000 jobs, but revisions to job figures for February (slightly downward), and March (significantly upward) means a net gain of an additional 30,000 jobs over previous […]

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Foreign Trade and Wars

President Trump announced he was replacing Gen. H.R. McMaster with former U.N. Ambassador John Bolton as National Security Adviser this week.  Observers are worried the change indicates a shift to a more forward-leaning and aggressive foreign policy, militarily.  International trade is also an area where the Trump administration seems to be leaning a little more […]

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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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