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Mexico and Canada agree to renegotiate NAFTA after Trump threatens to pull out

Donald Trump

President Donald Trump announced Thursday that both Mexico and Canada have agreed to renegotiate the North American Free Trade Agreement (NAFTA) just a day after the United States had threatened to pull out. On Wednesday, a CNN report announced that Trump was considering an executive order to end U.S. participation in NAFTA. The White House is currently mulling an executive ...

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U.S. slaps new tariff on Canadian lumber imports

lumber mill

The U.S. Department of Commerce imposed tariffs on Canadian softwood imports after trade talks on U.S. milk exports fell through. Commerce Secretary Wilbur Ross said the taxes announced Monday evening were being imposed after trade negotiations between the two countries failed to produce a positive outcome for the United States. “It has been a bad week for U.S.-Canada trade relations,” ...

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How Regulations Hurt Small Businesses

How regulations hurt small businesses

What do McDonald’s, 7-Eleven, and Subway have in common? They’re all franchisors that license franchises to small business people, who in turn employ countless Americans. But the federal government is endangering this hugely successful business model.

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Trump administration denies ExxonMobil permission to drill for oil in Russia

exxonmobile sign

Treasury Secretary Steven Mnuchin said in a statement Friday that the administration has denied ExxonMobil’s request to bypass sanctions and resume drilling in Russia. The Treasury statement said that the decision had been reached in direct consultation between Mnuchin and President Trump. Exxon’s lucrative joint venture with Russia’s Rosneft has been ground to a halt since President Obama placed sanctions ...

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Trump Stands up to Unfair Steel Trade Practices

Trump signs executive order

President Trump signed an executive memorandum Thursday prioritizing an investigation into unfair trade practices in steel importation. “As imports of steel to the United States continue to rise, an examination of foreign practices is urgently needed,” the White House said in a statement. Recent reports by the United States International Trade Commission (USITC) have found that steel imports injure the ...

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North Korea’s bluster may save struggling U.S. coal industry

Donald Trump Digs Coal

North Korean dictator Kim Jong-Un may have inadvertently revitalized America’s coal industry by continuing to develop and test nuclear weapons and missile technology. According to Reuters, China issued an order on April 7th ordering all ships carrying North Korean coal to return to their home ports without unloading their cargo. A source at Dandong Chengtai, one of China’s biggest buyers ...

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Trump Effect: +263,000 Jobs in March

ADP March

According to a report released Wednesday, the American economy created 263,000 jobs indicating accelerating growth in the critical manufacturing and construction sectors. “The U.S. labor market finished the first quarter on a strong note,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Consumer dependent industries including healthcare, leisure and hospitality, and trade had strong growth during ...

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Amazon to refund $70 million in unauthorized in-app charges

amazon logo

The U.S. Federal Trade Commission ruled Tuesday that parents of children who racked up charges through in-app purchases could get some or all of their money back. The FTC and Amazon agreed to end their battle over the legality of the charges by having Amazon refund the purchases not authorized by the parents. A federal district court found in April ...

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Consumer Confidence Index Increased Sharply in March

The Conference Board Consumer Confidence Index, which had increased in February, improved sharply in March. The Index now stands at 125.6 (1985=100), up from 116.1 in February. The Present Situation Index rose from 134.4 to 143.1 and the Expectations Index increased from 103.9 last month to 113.8. The monthly Consumer Confidence Survey, based on a probability-design random sample, is conducted ...

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Watch: Does Big Government Kill Small Businesses?

Bring Small Business Back

Small businesses employ over 57 million Americans. And yet, the government’s taxes and regulations overwhelmingly favor big businesses at the expense of small ones. Why? Find out in this short video. This video is part of a collaborative business and economics project with Job Creators Network. To learn more about JCN, visit https://www.jobcreatorsnetwork.com.

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Weaning dependents is always hard!

Weaning is when a baby transitions from breast milk to other sources of nourishment. Weaning children from anything is tough. Especially so when they have been drinking breast milk for so long. According to the American Academy of Pediatrics: “AAP recommends feeding babies only breast milk for the first 6 months of life. After that, the AAP recommends that a ...

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Trump: ‘Era of economic surrender for United States is over’

Donald Trump

President Donald Trump told automobile manufacturing executives, union leaders, and workers Wednesday that he would be directing the EPA and NHTSA to return emission standards to reasonable levels while speaking at the American Center for Mobility. “Just days before my administration took office, the EPA cut short a mid-term review,” President Trump said in his speech. “Today, I am announcing that we ...

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First Trump Administration Jobs Report: 235,000 New Jobs, 4.7% Unemployment

donald-trump-thumbs-up

President Trump has celebrated two blow-out jobs reports out earlier this week and today’s BLS report is no different. The Bureau of Labor statistics employment situation summary report showed that the economy gained 235,000 jobs while analysts had only expected between 190,000 and 220,000. The surprise jump in hiring drops the unemployment rate to 4.7%. The largest job gains came ...

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Remington Arms lays off 122 workers

Remington Logo

Remington Arms Company announced Wednesday that it had laid off 122 workers from its manufacturing plant in Ilion, NY. Remington officials say that the cuts are due to a decline in demand and increasing inventories. The firearms manufacturer’s announcement comes just a few weeks after Outdoor sporting goods and firearms retailer Gander Mountain announced that it was declaring bankruptcy due to ...

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U.S. Weekly Jobless Claims Jump More Than Expected

Workers at New Balance

With layoffs at 45-year lows, more Americans filed initial jobless claims than analysts had expected. A Department of Labor report showed that 248,000 Americans filed new unemployment insurance claims – 6,000 more than economists had expected despite the lowest level of layoffs recorded in more than four decades. Higher-than-normal layoffs in Massachusetts were more than offset by reductions in 11 other ...

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