U.S. Shown to Add 304,000 Jobs in January in Stellar Jobs Report

The U.S. economy, surpassing expectations, added 304,000 jobs in January, indicating the economy remains as strong as it has been in recent months. Economists had been expecting gains of about 180,000 new jobs for the month. The unemployment rate ticked up slightly from 3.9% to 4%, mainly due to the government shutdown. The U.S. government […]

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Trump Administration Imposes Record Penalties on Chinese ZTE

U.S. Commerce Secretary Wilbur Ross announced fines of over $1.4 billion against ZTE last week in an agreement that would allow the Chinese telecommunications giant to continue purchasing materials critical to its business from U.S. companies. Under the terms of the agreement the company has agreed to pay $1 billion before the Commerce Department’s Bureau […]

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War of Words Erupts Between Trump and Canadian Prime Minister

A war of words has erupted between President Trump and his senior advisers and Canadian Prime Minister Justin Trudeau in the wake of comments Trudeau made at the end of the recent G7 summit in Quebec. “I personally negotiated with Prime Minister Trudeau, who by the way, I basically like working with, but not until […]

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Trump Decides to Keep Chinese Telecom Giant ZTE Alive

The Trump administration has reached a deal that would keep Chinese telecom giant ZTE in business it was announced yesterday. The administration had previously barred it from doing business with American companies, including San-Francisco-based microchip maker Qualcomm, a main ZTE supplier. The decision threatened to put ZTE out of business within weeks. ZTE employs roughly […]

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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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Longtime Trump Advisor and Billionaire Investor Carl Icahn Sold Millions in Stock in Heavily Steel Reliant Company Weeks Before President Trump Announced Steel Tariffs

Longtime Trump adviser and billionaire investor Carl Icahn, sold tens of millions of dollars’ worth of stock in a company heavily reliant on steel weeks before the Trump administration announced hefty tariffs on steel and aluminum imports, according to an SEC filing. The total dollar amount of stock sold was roughly $32 million and the […]

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President Trump Ties Steel Tariff Exemptions for Canada, Mexico to NAFTA Renegotiation – Negotiating Style May Already Be Paying Off

President Trump wrote today on Twitter that exemptions for Canada and Mexico on steel and aluminum imports would be granted only if a more equitable version of NAFTA, the North American Free Trade Association is signed between the three countries. “We have large trade deficits with Mexico and Canada. NAFTA, which is under renegotiation right […]

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President Trump’s Steel Tariffs Draw Praise, Criticism from Lawmakers, Corporations and Unions

President Trump’s decision to impose tariffs on foreign imports of steel and aluminum has drawn both harsh criticism and loud praise from lawmakers, corporations and unions. Republican Governor Scott Walker urged the president to reconsider his decision to impose tariffs of 25% and 10% on steel and aluminum imports respectively, arguing that the taxes would […]

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In Effort to Shore Up American Industry President Trump Announces Sweeping New Tariffs on Steel and Aluminum Imports

Updated 3/1/18 7:30 p.m. The Trump administration has announced sweeping new tariffs on steel and aluminum imports in an effort to protect struggling U.S. industry from drastically cheaper foreign imports.  According to the President the new tariffs would be 24% on foreign steel and 10% on aluminum. “We’ll be signing it next week. And you’ll […]

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