User: newstrust Topic: Business
Category: Global Economy :: Trade
1 new since Aug 26 2019 05:50 IST RSS 2.0
 
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Stock Markets Suffer Significant Losses After Trump Responds Angrily to China's Retaliatory Tariffs 24.8.2019 Newsweek Top Stories
China said Friday morning that it would be levying tariffs of 5 and 10 percent on $75 billion of U.S. goods.
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China: U.S. Loves to Put On A Show But the World Boos 'More Often Than Not' 24.8.2019 Newsweek Top Stories
The U.S. accused China of violating arms control agreements, but Beijing said Washington "is in no place to talk about honoring commitments" after leaving the Iran nuclear deal and a mid-range missile ban.
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Hong Kong Fund Manager Explains the Economics Behind Protests and What's Next for the Trade War 24.8.2019 Newsweek Top Stories
"There's been little wage progression. Housing costs are so high thirty-year olds are still living with their parents. There's no way to get ahead."
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Fed Chairman Labels Trade War As Source Of Concern, Trump Labels Him An Enemy 23.8.2019 Outside the Beltway
President Trump's hand-picked Federal Reserve Chairman is stating the blindingly obvious about the ongoing trade war, so of course the President labeled him an enemy.
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Trump melts down after Fed chair critiques his trade policy 23.8.2019 The Atlantic - Matthew Ygblesias
In November 2017, President Donald Trump — who campaigned on a promise to appoint “only the best and most serious people” — appointed Jerome Powell to be chair of the Federal Reserve’s Board of Governors. On Friday, he accused Powell of being possibly a bigger “enemy” of the American people than even the General Secretary […]
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No day at the beach: G7 adapts summit to the age of ‘America First’ 23.8.2019 Raw Story
Even before this weekend’s G7 summit in Biarritz, host Emmanuel Macron did away with the final communiqué. Officially to spur dialogue, the move, a G7 first, reflects the challenge of corralling a difficult cast of summiteers in undiplomatic times. With last year’s turbulent edition of the Group of Seven summit not soon forgotten, Macron’s brazen adjustment effectively doubles as pre-emptive […]
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‘They sense weakness’: Former senator says the world is ‘smirking’ as Trump flails away at latest China tariffs 23.8.2019 Raw Story
Former Sen. Max Baucus (D-MT) appeared on CNN Friday to discuss how President Donald Trump has completely mishandled his long-running trade war with China. While talking about trade with CNN’s Jim Sciutto, Baucus said that China timed its new announcements of tariffs against $75 billion worth of American goods specifically to humiliate the president. “They […]
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Brazil's Bolsonaro Fires Back at Macron After He Called for Amazon Fires to Be Top of G7 Agenda: 'Colonialist Mindset That Is Unacceptable' 23.8.2019 Newsweek Top Stories
"I regret that president Macron seeks to take advantage of what is a domestic Brazilian issue and of other Amazonian countries for personal political gain," Bolsonaro tweeted.
More rate cuts? Powell says Fed is ready to help economy grow amid trade tensions 23.8.2019 Minnesota Public Radio: Business
The central bank will "act as appropriate" to sustain the economic expansion as the trade war with China takes a toll on global growth and parts of the U.S. economy, Fed Chairman Jerome Powell says.
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Nancy Pelosi stopping in Broomfield next week for health care talks 23.8.2019 Denver Post: All Political News
House Speaker Nancy Pelosi will stop in Broomfield next week for a discussion on affordable health care.
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Trump responds with fury over Fed chief's speech 23.8.2019 BBC: Business
The US president asks if the Federal Reserve head is a bigger enemy than China's premier Xi Jinping.
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The unhinged presidency 23.8.2019 The Moderate Voice

John Darkow, Columbia Missourian[/caption WASHINGTON — The flood of bizarre pronouncements and behavior from President Trump is likely to get worse, I fear. He is now completely unfiltered — and, apparently, increasingly untethered to reality. Quick, can you name the White House press secretary? Do you have any idea what she looks or sounds like? […]

The post The unhinged presidency appeared first on The Moderate Voice.

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G7 diplomats cringing at weekend with Trump: ‘You just try to get through the summit without any damage’ 23.8.2019 Raw Story
Diplomats headed to France for the G7 are approaching it with a great deal of trepidation at the idea of spending a weekend with President Donald Trump who is escaping the U.S. at a time when a global recession appears to be on the horizon. Put more bluntly the Washington Post reports, “Like an annual […]
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Setting the historical record straight for the critics of The New York Times project on slavery in America 23.8.2019 Raw Story
Four hundred years after the event, the New York Times has published a special project focusing on the first Africans arriving in 1619 at Point Comfort, Virginia, and the legacy of slavery in the U.S. “No aspect of the country that would be formed here has been untouched by the years of slavery that followed,” […]
Fed will act ‘as appropriate’ to sustain US expansion: Powell 23.8.2019 Raw Story
Federal Reserve Chair Jerome Powell stressed Friday that the central bank will act to ensure the US economic expansion continues, even in the face of “significant risks” posed by slowing global growth. But as Beijing stepped up retaliation in the US-China trade war, Powell warned that trade tensions are exacerbating the global slowdown and the […]
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China says it will hit U.S. with tariffs on additional $75 billion of U.S. products 23.8.2019 LA Times: Business

The move comes in retaliation for President Trump's planned Sept. 1 duty increase in the trade war.

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Federal Reserve chief Jerome Powell keeps more interest-rate cuts on the table 23.8.2019 LA Times: Business

Central bankers from around the world are gathering in Jackson Hole, Wyo., for the Kansas City Federal Reserve's annual retreat.

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China announces tariff hike on $75 billion of U.S. products 23.8.2019 Minnesota Public Radio: Business
China on Friday announced tariff hikes on $75 billion of U.S. products in retaliation for President Donald Trump's planned increase, deepening a trade war that threatens to tip the global economy into recession.
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David Koch, Businessman, Political Activist, and Philanthropist, Dead At 79 23.8.2019 Outside the Beltway
David Koch, one-half of the Koch Brothers and the head of a wide-ranging business empire who also went on to have a huge impact on politics and cultural philanthropy, has died at the age of 79.
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Amazon fires: France and Ireland threaten to block EU trade deal 23.8.2019 BBC: World
Mr Macron says Brazil's leader lied to him as UK and German leaders voice concerns over the fires.
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