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Trump Effect: More Than 50 Companies — Including Apple — Rush To Pull Production Out Of China

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More than 50 global companies including Apple, Nintendo and Dell are rushing to pull production out of China amid the country’s trade war with the United States. U.S., Japanese, Taiwanese and even Chinese manufacturers are moving out of the country in fear of a prolonged trade conflict, including those who make personal computers, smartphones and other electronics, Nikkei Asian Review ...

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China’s Factories Are Getting ‘Desperate’ Amid Trade Tensions With The US

The largest supplier of consumer goods in the world said Wednesday that China’s factories are becoming “desperate” as they struggle with the consequences of U.S. tariffs. Li & Fung Ltd, which designs and transports products for stores like Walmart, Kohl’s and Nike, is trying to move out of China as quickly as possible at the request of its American retailers, ...

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Trump Slams India’s Tariffs On American Products, Says Country Has Been Having A ‘Field Day’

President Donald Trump on Twitter Tuesday expressed his discontent with India’s tariffs on U.S. goods. India and the Trump administration have been engaged in a trade war for the past few months, after Trump complained of what appears to be one-way tariffs coming from the Hindu nation. “India has long had a field day putting Tariffs on American products. No ...

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China is Losing the Trade War with Trump

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China’s state-owned media might talk tough, but major tech companies are fleeing the country due to Beijing’s unfair trade practices, national security concerns, continued economic warfare with the United States and rising labor costs. The Nikkei Asian Review reported Wednesday that HP, Dell and Microsoft are joining Amazon, Google, Apple and other tech giants in moving production out of China. ...

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Mexico Ratifies Trump’s Trade Agreement

Donald Trump success

The Mexico Senate overwhelmingly voted to ratify the United States-Mexico-Canada Agreement (USMCA) Wednesday, making them the first country to approve the deal. The USMCA was previously a signed but not yet ratified free trade treaty between the U.S., Mexico and Canada. It was signed November 30, 2018 but was not ratified by any country until Wednesday. The USMCA replaces the ...

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Vietnam Says Some Chinese Exporters Are Using Fake ‘Made-In-Vietnam’ Labels To Avoid US Tariffs

Some Chinese exporters are putting fake “Made in Vietnam” stickers to try and avoid the U.S. tariffs, Vietnam alleged on Sunday. Vietnam said in a government statement that they have found dozens of cases where Chinese exports, including textiles, iron, steel, and aluminum, are being illegally transferred to Vietnam where fake stickers are then placed so that China can skirt the recent ...

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Trump Allows For Expanded Ethanol Sales As Chinese Tariffs Squeeze Farmers

The Environmental Protection Agency (EPA) announced Friday it would allow the year-round sale of higher ethanol gasoline. EPA Administrator Andrew Wheeler said the agency was fulfilling President Donald Trump’s promise to Midwestern agriculture states, which have been hit hard by retaliatory Chinese tariffs. EPA previously restricted the sale of “E15” gasoline — fuel blended with 15 percent ethanol — in ...

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China Halts Purchases Of American Soybeans

China has halted purchases of American soybeans as Washington and Beijing trade tensions continue to grow, according to a Bloomberg report Thursday morning. While China doesn’t have any plans to cancel previous purchases of American soybeans, there haven’t been orders for state-grain buyers to continue, people close to the situation told Bloomberg. The sources, who asked to remain anonymous, said ...

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China’s Latest Trade Threat Reignites Concerns Over US Mineral Dependency

The escalating U.S.-China trade dispute has brought American mineral dependency back into the spotlight. The U.S. is dependent on China for rare earth minerals used in hundreds of hi-tech products and military equipment. “China is letting the U.S. know that it has leverage,” said Dan McGroarty, head of the American Resources Policy Network. Reports of Chinese threats to escalate its ...

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A Third Of American Companies In China Will Cancel Or Delay Investments. Even More Are Considering Leaving: Survey

Roughly one-third of surveyed American companies in China will cancel or delay investments in the country due to the ongoing trade standoff with the U.S., according to a May report from the American Chambers of Commerce in China and Shanghai. Even more of those companies, roughly 40 percent, said they are considering moving their manufacturing facilities out of China to ...

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No More Kowtow – A.F. Branco Cartoon

Trump strikes back with big tariffs when China reneges on the original deal outline and talks ended. China has now retaliated with their own tariffs. Political Cartoon by A.F. Branco ©2019. See more Branco toons HERE

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Trump’s USMCA Trade Agreement Just Cleared A Major Hurdle In Mexico

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The Mexican legislature’s lower chamber approved labor reforms Thursday called for by President Donald Trump in his attempt to renegotiate the North American Free Trade Agreement, The Wall Street Journal reports. The reforms passed the chamber in a 417-1 vote with widespread support from the Morena party of President Andrés Manuel López Obrador and many of Mexico’s main opposition parties. ...

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Mollie Hemingway Breaks Down The Pros And Cons Of Shutting Down The Southern Border

Senior Editor for The Federalist, Mollie Hemingway, tackled the pros and cons of President Donald Trump’s proposal to close the southern border on “Fox & Friends” Wednesday. “The idea behind shutting down the border, there would be two issues there. One, there are so many people flowing over the border — there are so many people flowing across the parts ...

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Trump Announces Trade Summit With Chinese President Xi

Donald Trump and Xi Jinping

President Donald Trump took to Twitter Sunday to confirm reports that he and Chinese President Xi Jinping will hold a summit at Mar-a-Lago following successful trade talks between U.S. and Chinese officials. “I am pleased to report that the U.S. has made substantial progress in our trade talks with China on important structural issues including intellectual property protection, technology transfer, ...

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Trump Says US Is ‘A Lot Closer Than We Ever Were’ to China Trade Deal

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President Donald Trump on Friday extolled the progress U.S. and Chinese negotiators have made as they work to reach a sweeping new trade agreement. In a Rose Garden speech that largely revolved around his emergency declaration, Trump also told reporters that trade talks with China have been going “extremely well” and that the U.S. is closer than ever before at ...

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