The cheers for the PARTIAL China agreement is premature. The majority of tariffs will stand until PART 2 of the agreement is completed.
January 15, 2020
By Daniel Moore
...But trade experts and industry groups (click here) representing a broad swath of the economy, made it clear they do not consider the pomp of the White House signing ceremony to mark the end of a period of deep uncertainty.
While the deal brings hope the two countries can work through their differences without tariff hikes, critics point out that it fails to address thornier issues. The deal, critics charged, does not truly address long-held demands on China involving intellectual property protections for American companies, currency manipulation, Chinese steel dumping, human rights and government subsidies.
Mr. Trump has called the agreement to be signed Wednesday a “phase one” trade deal, while acknowledging future agreements may not happen before the presidential election in November. The White House, which has not officially provided all the specifics, planned to release a fact sheet on Wednesday.
“We recognize your administration's efforts to date, but the phase one deal is completely inadequate and leaves much work to be done,” Scott Paul, president of Alliance for American Manufacturing, wrote in a letter to Mr. Trump on Tuesday. The Washington, D.C.-based nonprofit is led by manufacturing companies and the United Steelworkers....
December 20, 2019
By Joe Deaux
(Bloomberg) -- U.S. Steel Corp. has now lost much of the ground (click here) it gained when President Donald Trump implemented his steel import tariffs less than two years ago.
Back then, Chief Executive Officer David Burritt hailed Trump’s tariffs and the company responded by restarting two blast furnaces and rehiring steel workers. Now, U.S. Steel is facing harsh scrutiny after delivering a barrage of bad news this week that included idling its giant plant outside Detroit and laying off as many as 1,545 workers.
U.S. steelmakers have faced slowing demand for their products, and U.S. Steel has been particularly hard hit because of aging plants that are less efficient than rivals’ with newer technology. That’s led to a spate of corporate operational initiatives under different names that have shifted multiple times since 2014....
The article below states Trump is moving substantial monies to the border wall. Kindly put that into context with the demand Trump made on the USA military. the mistake he made and the ultimate consequences that could have occurred.
January 13, 2020
By Justine Coleman
President Trump plans to divert $7.2 billion from the Pentagon(click here) to go toward border wall construction this year, an amount five times greater than what Congress authorized in the budget, The Washington Post reported.
This would be the second year in a row that money is redirected to the wall on the U.S.-Mexico border from military construction projects and counternarcotics funding.
The administration will take $3.5 billion from counterdrug programs and $3.7 billion from military construction funding, according to internal planning figures obtained by the Post, compared to $2.5 billion and $3.6 billion, respectively, last year....
“We recognize your administration's efforts to date, but the phase one deal is completely inadequate and leaves much work to be done,” Scott Paul, president of Alliance for American Manufacturing, wrote in a letter to Mr. Trump on Tuesday. The Washington, D.C.-based nonprofit is led by manufacturing companies and the United Steelworkers....
December 20, 2019
By Joe Deaux
(Bloomberg) -- U.S. Steel Corp. has now lost much of the ground (click here) it gained when President Donald Trump implemented his steel import tariffs less than two years ago.
Back then, Chief Executive Officer David Burritt hailed Trump’s tariffs and the company responded by restarting two blast furnaces and rehiring steel workers. Now, U.S. Steel is facing harsh scrutiny after delivering a barrage of bad news this week that included idling its giant plant outside Detroit and laying off as many as 1,545 workers.
U.S. steelmakers have faced slowing demand for their products, and U.S. Steel has been particularly hard hit because of aging plants that are less efficient than rivals’ with newer technology. That’s led to a spate of corporate operational initiatives under different names that have shifted multiple times since 2014....
The article below states Trump is moving substantial monies to the border wall. Kindly put that into context with the demand Trump made on the USA military. the mistake he made and the ultimate consequences that could have occurred.
January 13, 2020
By Justine Coleman
President Trump plans to divert $7.2 billion from the Pentagon(click here) to go toward border wall construction this year, an amount five times greater than what Congress authorized in the budget, The Washington Post reported.
This would be the second year in a row that money is redirected to the wall on the U.S.-Mexico border from military construction projects and counternarcotics funding.
The administration will take $3.5 billion from counterdrug programs and $3.7 billion from military construction funding, according to internal planning figures obtained by the Post, compared to $2.5 billion and $3.6 billion, respectively, last year....
