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 Post subject: More of Trump's winning
PostPosted: 05/21/19 3:52 pm • # 1 
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Maine lobster industry drowning in US-China trade war

In the midst of a trade war, China imposed high tariffs on various imports, hitting the lobster industry in Maine hard. CNN's Miguel Marquez reports.

https://www.cnn.com/videos/business/201 ... ay-vpx.cnn


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PostPosted: 05/21/19 8:26 pm • # 2 
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Shoe giants urge Trump to end trade war

Some of the world's biggest footwear firms are urging Donald Trump to end the US trade war with China, warning of a "catastrophic" effect on consumers.

More-> https://www.bbc.com/news/business-48360373


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PostPosted: 05/22/19 10:47 am • # 3 
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I wonder if he would have imposed the tariffs if Ivanka's company hadn't gone tits up and was still getting goods made there.


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PostPosted: 05/31/19 3:46 am • # 4 
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jimwilliam wrote:
I wonder if he would have imposed the tariffs if Ivanka's company hadn't gone tits up and was still getting goods made there.

I'm sure he would have found some way to exempt her business.


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PostPosted: 05/31/19 3:52 am • # 5 
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But the winning continues ....

U.S. ECONOMY SLIPS FROM FIRST TO THIRD PLACE IN GLOBAL COMPETITIVENESS RANKING AMID TRUMP'S TARIFFS

BY DANIEL MORITZ-RABSON

The United States lost its spot as the world's most competitive economy amid an ongoing trade war with China, according to an annual ranking from the IMD World Competitiveness Center.

Both Singapore and Hong Kong had more competitive economies than the U.S., per the report, which evaluates 63 countries on 235 measures. High fuel prices and fluctuations in the dollar's value diminished the confidence-boosting impact of Trump's tax policies, said the center.

"We need to distinguish between competition and competitiveness," Arturo Bris, the director of the IMD World Competitiveness Center, said while speaking Wednesday on CNBC's Squawk Box Asia.

He voiced agreement with President Trump's claims that China is hurting the ability of U.S. companies to compete globally.

“But China is not hurting American competitiveness, which refers to prosperity, the ability to generate growth in the economy, to create business, jobs, and for people to make a better living," he said. Bris also described Trump's ongoing trade war with China as "a tantrum in the sense that it is hurting companies in the United States more than in any other country."

The ongoing trade war between the U.S. and China has inflicted uncertainty upon, and caused rapid fluctuations among, global financial markets. President Donald Trump's regular tweeting has further contributed to market shifts.

The president sent global markets plunging and caused a drop in oil prices earlier this month when he tweeted that he would be raising tariffs from 10 percent to 25 percent on $200 billion of Chinese imports. In a single day, the Dow dropped 470 points before making up most of its losses, as some analysts claimed that the president was merely posturing to benefit negotiations. The next day, after U.S. Trade Representative Robert Lighthizer confirmed that the U.S. would be levying the tariffs, markets again plunged.

While the U.S. dropped in the rankings, Asian-Pacific countries fared much better. Eleven of the 14 regional nations analyzed stayed the same or rose in the evaluation. Indonesia and Thailand both experienced significant rises.

Some Middle Eastern nations also experienced significant progress in the rankings, with Saudi Arabia leaping 13 places and Qatar rising four to earn its spot as the world's tenth most competitive economy.

https://www.newsweek.com/us-economy-sli ... ng-1439659


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PostPosted: 06/01/19 6:51 pm • # 6 
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LOL! HK?
that's rad.


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PostPosted: 06/12/19 2:51 pm • # 7 
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Turkey to get Russian S-400 missile system 'in July' amid row over US jets

Turkey's President Erdogan says he hopes a Russian missile system that Washington sees as a threat to US jets will be delivered in July.

More-> https://www.bbc.com/news/world-europe-48617664


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PostPosted: 06/18/19 1:16 pm • # 8 
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Trump's pick for Defence withdraws after reports of domestic violence


Acting U.S. Defence Secretary Patrick Shanahan has withdrawn from consideration to head the U.S. military, President Donald Trump announced on Tuesday, stoking uncertainty about the leadership of the Pentagon at a moment of rising tension with Iran.

https://www.cbc.ca/news/world/shanahan- ... -1.5180125


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PostPosted: 06/18/19 1:50 pm • # 9 
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I think there is more to the story that he doesn't want to come out in a background investigation. Stay tuned- the bear has been poked.


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PostPosted: 06/28/19 5:09 pm • # 10 
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EU and Mercosur agree huge trade deal after 20-year talks

The EU and South American economic bloc Mercosur have clinched a huge trade deal after 20 years of negotiations.

EU Commission chief Jean-Claude Juncker said it was the EU's biggest deal to date and, at a time of trade tensions between the US and China, showed that "we stand for rules-based trade".

Brazil's President Jair Bolsonaro said it was "historic" and "one of the most important trade deals of all time".

Mercosur consists of Argentina, Brazil, Uruguay and Paraguay.

Venezuela is also a member but it was suspended in 2016 for failing to meet the group's basic standards.

The deal aims to cut or remove trade tariffs, making imported products cheaper for consumers while also boosting exports for companies on both sides.

It is set to create a market for goods and services covering nearly 800 million consumers, making it the largest in the world in terms of population.

The two parties began negotiating in 1999 but talks accelerated after US President Donald Trump's election in 2016. As a result EU-US talks were frozen.

https://www.bbc.com/news/world-europe-48807161


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PostPosted: 06/28/19 11:47 pm • # 11 
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That's what I call the art of the deal.

Grabem might end up with tariff free fish 'n chips deal with the UK after Brexit.


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PostPosted: 06/29/19 2:46 pm • # 12 
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jabra2 wrote:
That's what I call the art of the deal.

Grabem might end up with tariff free fish 'n chips deal with the UK after Brexit.


Then he'll slap a tariff on the fish because Britain isn't buying enough American chips.

(How come Americans know what chips are when they order fish n' chips but if you order a sandwich and chips you get a little bag of Fritos?)


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PostPosted: 07/07/19 7:12 am • # 13 
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Boeing loses big order for 737 Max aircraft

https://www.bbc.com/news/business-48899588


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PostPosted: 07/09/19 6:32 am • # 14 
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I can't resist

And some people say Trump has never accomplished anything worthwhile!

Tariffs could cause a Bible shortage, publishers say

Travis Loller, Associated Press

Religious publishers say President Donald Trump’s most recent proposed tariffs on Chinese imports could result in a Bible shortage.

That’s because millions of Bibles — some estimates put it at 150 million or more — are printed in China each year. Critics of a proposed tariff say it would make the Bible more expensive for consumers and hurt the evangelism efforts of Christian organizations that give away Bibles as part of their ministry.

HarperCollins Christian Publishing President and CEO Mark Schoenwald recently told the U.S. Trade Representative that the company believes the Trump administration “never intended to impose a ‘Bible Tax’ on consumers and religious organizations,” according to a transcript of his remarks provided by the publisher.

The two largest Bible publishers in the United States, Zondervan and Thomas Nelson, are owned by HarperCollins, and they incur close to 75 percent of their Bible manufacturing expenses in China, Schoenwald said. Together, they command 38 percent of the American Bible market, he said.

The full size of that market is difficult to gauge. A spokeswoman at HarperCollins said they believe around 20 million Bibles are sold in the U.S. each year.

The NDP group, which includes NPD BookScan and PubTrack Digital, captured 5.7 million print Bible sales in the U.S. in 2018. But that figure doesn’t capture all sales, including the large number of Bibles sold by publishers directly to congregations.

Regardless, it’s clear the Bible is the top-selling book in the U.S. By comparison, the next best seller in 2018 was Michelle Obama’s “Becoming,” which BookScan estimates sold 3.5 million copies.

The proposed 25 percent tariff would apply to all books, but critics say it would disproportionately affect Bibles and children’s books. Both tend to have specialized printing requirements that Chinese printers are set up to meet while many domestic printers are not.

“U.S. printers moved their Bible printing facilities abroad decades ago, leaving no substantial domestic manufacturing alternatives,” Schoenwald said.

Stan Jantz, president and CEO of the Evangelical Christian Publishers Association, said in a phone interview that over half of worldwide Bible production takes place in China. The tariff would hurt organizations that give away Bibles and also make it difficult for publishers to sell the Bible at a price people can afford, he said.

“Traditionally, historically books have been excluded from tariffs,” Jantz added.

Biblica, the International Bible Society, is a charitable religious organization that gives away Bibles to people in 55 countries. China represents 72 percent of the group’s investment in Bible publishing, according to Biblica President and CEO Geof Morin.

A Bible tariff would “dramatically affect the number of Bibles we are able to print and give away, impacting the religious freedom of individuals in countries where Bible access is limited and often nonexistent,” Morin said in testimony to the Trade Representative, according to a transcript he provided.

The critics also argue that a tariff on books would not advance the purported goals of the tariff, to stop the Chinese from acquiring American technology, trade secrets and intellectual property.

“The printing of books does not require significant technology or know-how that is at risk of theft or appropriation by China,” Tyndale House CEO Mark Taylor said in written comments on the tariffs.

For now, the publishers and other Bible distributors must simply wait to see if their pleas will be answered.

Trump and President Xi Jinping of China agreed at a recent meeting of the Group of 20 major economies to resume trade negotiations, a decision that puts all the proposed tariffs on hold. Forecasters warned, however, the two sides still face the same differences that caused talks to break down in earlier this year.

https://www.pbs.org/newshour/economy/ta ... ishers-say


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PostPosted: 07/12/19 12:43 pm • # 15 
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Turkey defies US as Russian S-400 missile defence arrives

Turkey has received the first parts of a Russian S-400 missile defence system despite opposition from the US.

More-> https://www.bbc.com/news/world-europe-48962885


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PostPosted: 07/13/19 10:54 am • # 16 
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US government is running out of money faster than expected, Mnuchin warns

(CNN) — Treasury Secretary Steven Mnuchin on Friday issued a warning Friday that the US government is at risk of running out of cash sooner than expected.

In a letter to Democratic House Speaker Nancy Pelosi, Mnuchin wrote that the US might default on its obligations as soon as early September, before Congress returns from its summer recess.

More-> https://www.cnn.com/2019/07/12/politics ... Stories%29


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PostPosted: 07/16/19 6:20 pm • # 17 
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Ikea is closing its only US factory and moving production to Europe


London (CNN Business) — Ikea is shutting down its only furniture factory in the United States.

More-> https://www.cnn.com/2019/07/16/business ... Stories%29


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PostPosted: 08/06/19 12:37 pm • # 18 
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Barneys is closing 15 of its 22 stores after filing for bankruptcy. Here's the full list.

https://www.businessinsider.com/barneys ... ess-2019-8


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PostPosted: 08/06/19 9:47 pm • # 19 
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I went to Bellingham, Wash. today on a business thing. While I was there I took a walk through Bellis Fair Mall, one of America's busiest malls due to the Canadian traffic. Today it was dead. The parking lot was pretty much empty and probably a third of the stores were closed with "For Lease" signs. The strength of the dollar is the cause for a lot of the downturn but the new American attitude toward Canada has really turned Canadians off. If you elect somebody rational next year maybe the attitude will change but, if Grabem gets in again, I've got a feeling a lot of the co-operation between the two countries will fade to black.


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PostPosted: 08/07/19 5:33 am • # 20 
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Even if Trump is ousted don't expect things to return to normal instantly. It will take time.


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PostPosted: 08/07/19 5:33 am • # 21 
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PostPosted: 08/07/19 6:17 am • # 22 
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Can't laugh about #21 anymore.
Most of these farmers still think he's making america great again and it has to be done.
Besides, after every kick, the orange one shoves subsidies into their pockets. Our tax money.


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PostPosted: 08/07/19 2:01 pm • # 23 
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That is the a problem, Chaos. Many of these people think it's just a short term thing and then everything will be back to normal at a minimum or they'll be making tons of Chinese money. In the meantime you, the tax payer, are subsidizing them. What they don't seem to realize is that China has started to secure long term supplies of the grains they used to provide.

Despite Grabem's pressure China isn't going to be able to back out of those deals. With Grabem, himself, being so untrustworthy they would never know when he would try to shaft them again and backing out of the new contracts with Argentina, etc. would put China in the position of being the untrustworthy agent.


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PostPosted: 08/07/19 2:46 pm • # 24 
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I'm fine with being called Chaos. :-)


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PostPosted: 08/08/19 10:36 am • # 25 
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(Sorry, Jab.) (Also, sorry Chaos)


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