Deja Vu, US Lawmakers Ask the President to Turn Over Tapes
2017-05-15 17:17:41 UTC
WASHINGTON — Forty Three Years ago. President Richard M. Nixon had struggled to maintain legal control of the White House tapes of his presidential conversations as the tide of the Watergate scandal rose, but lost.
So on Aug. 5, 1974, the White...
G7 countries made it clear they do not share US Trump's view
2017-05-13 16:32:48 UTC
BARI, ITALY — Europe and Japan showed they remained worried about Washington's new policy.
U.S. Treasury Secretary Steven Mnuchin said the United States reserved the right to be protectionist if it thought trade was not free or fair.
"We do ...
General Electric: We're very supportive of NAFTA
2017-05-12 19:35:46 UTC
MONTERREY, MEXICO — General Electric Co's chief executive on Friday praised Mexico as a big part of its future growth and said the company is "very supportive" of the North American Free Trade Agreement (NAFTA) that U.S. far-right nationalist Pres...
Warning directed at Trump: Mexico outlines plans for alternatives on trade
2017-05-12 18:44:03 UTC
In the warning directed at the U.S. far-right nationalist President Donald Trump, Mexican Economy Minister Ildefonso Guajardo, outlines plans for alternatives on trade.
He sent a stark message to Trump, saying an upcoming visit by Mexican offic...
California Leads U.S. Economy, Away From Trump
2017-05-12 05:13:22 UTC
<blockquote><h3><i>Whatever the president says, this state does the opposite. It's working.</h3></i>
To justify his executive orders nullifying policies protecting people from climate change, hazardous working conditions and persecution because...
NY Fed: Trump's protectionism is a "dead end"
2017-05-11 21:41:20 UTC
William Dudley, head of the New York Fed and one of the most influential Federal Reserve officials said on Thursday in the central bank's strongest defense yet of open borders in the face of a skeptical Trump administration, trade protectionism is...
Euro Gets Stronger Against The Dollar After French Election
2017-05-08 05:12:15 UTC
The euro pulled away from highs hit early in the Asian session on Monday as investors took profits from its gains after centrist Emmanuel Macron's victory over the far-right Marine Le Pen in France's presidential election.
Macron's resounding d...
Canada is considering duties on some exports from U.S.
2017-05-07 06:38:44 UTC
By David Ljunggren | OTTAWA — Canada struck back at the United States over a lumber dispute, threatening to ban shipments of U.S. thermal coal from Pacific ports and suggesting sanctions against products from Oregon.
Liberal Prime Minister Just...
America's Bad Health Care System Is Getting Worse
2017-05-05 01:42:08 UTC
WASHINGTON — GOP House majority approved a bill to repeal Obamacare, which enabled 20 million more Americans to get health insurance.
Democrats say it would make insurance unaffordable for those who need it most and leave millions more uninsur...
The U.S. Doesn't Have the Money to Build Trump's Wall
2017-05-01 06:03:18 UTC
U.S. Congress would not provide any money for Trump's promised border wall with Mexico,
Several important White House initiatives were rejected by the Republican and Democratic negotiators, including money for a wall on the U.S.-Mexico border t...
Trump's Nonsense Economic Plan Doesn't Work With Simple Math
2017-04-29 15:27:27 UTC
WASHINGTON — The U.S. could seek to renegotiate NAFTA (North American Free Trade Agreement), but it’s unclear what Trump wants from Mexico and Canada. There are currently no tariffs on goods traded in North America. The U.S. also could withdraw fr...
German Economy Booms Despite U.S. Protectionism Anarchy
2017-04-28 15:54:29 UTC
By Michael Nienaber | HAMBURG, GERMANY — When port manager Axel Mattern looks out onto the Elbe River from his office in Hamburg's historic warehouse district, he can literally count the rising number of container ships leaving Germany's biggest h...
Trump's Tax Plan With Big Cuts For Businesses Like His
2017-04-26 18:33:19 UTC
WASHINGTON — Trump proposed slashing the U.S. tax rate on corporate and pass-through business profits to 15 percent from 35 percent or more, while also offering tax cuts to average Americans in a rough outline of his tax policy goals.
WTO: Trump lost his first trade battle against Mexico
2017-04-26 00:12:26 UTC
GENEVA — Mexico can impose annual trade sanctions worth $163.23 million against the United States after winning a dispute over trade in tuna fish, a World Trade Organization arbitrator ruled on Tuesday.
Mexico's economy ministry said it planned...
Trudeau vows to stand up for Canadian interests against Trump
2017-04-25 17:13:52 UTC
OTTAWA — Prime Minister Justin Trudeau vowed to stand up for Canadian interests on Tuesday after the U.S. imposed new tariffs on softwood lumber and trade tensions between the two countries escalated, sending the Canadian dollar to a 14-month low....
Merkel Schools Trump: You Can't Do A Trade Deal With Germany
2017-04-22 19:08:55 UTC
"Ten times Trump asked her ( German Chancellor Angela Merkel ) if he could negotiate a trade deal with Germany," the newspaper quoted a senior German politician as saying.
"Every time she replied, 'You can't do a trade deal with Germany, only t...
U.S. Government Threatens Funding Cut To California
2017-04-22 06:24:27 UTC
WASHINGTON — The U.S. Department of Justice threatened on Friday to cut some funding to California as well as eight cities and counties across the United States, escalating a Trump administration crackdown on so-called sanctuary cities that do n...
GOP Struggling To Pass A Spending Package To Keep The Government Open
2017-04-21 15:07:39 UTC
WASHINGTOn — Trump and his fellow Republicans who control Congress face their first major budget test next week, with the threat of a U.S. government shutdown potentially hinging on his proposed Mexican border wall as well as Obamacare funding.
Trudeau rejects Trump's rhetoric over Canadian dairy system
2017-04-20 17:47:39 UTC
Canadian Prime Minister Justin Trudeau on Thursday brushed off an attack by U.S. President Donald Trump against Canada's system of dairy protections, saying every nation defended its agricultural industries.
Trudeau told Bloomberg Television th...
World Bank Express Concerns Over Trump's Economic Policy
2017-04-20 10:33:25 UTC
WASHINGTON — Global finance leaders are gathering on Trump's home turf to try to nudge his still-evolving policies away from protectionism and show broad support for open trade and global integration.
The International Monetary Fund and World B...
Protesters To Trump: We Want To See Your Tax Returns
2017-04-16 05:20:35 UTC
WASHINGTON/ NEW YORK — Tens of thousands of people marched through midtown Manhattan and dozens of U.S. cities on Saturday to demand that President Donald Trump release his tax returns and to dispute his claim that the public does not care about t...
Mexico's Economy Thriving Despite Trump's Hostility
2017-04-12 19:38:14 UTC
MEXICO CITY — The election of Donald Trump as U.S. president last year raised the specter of economic recession in Mexico, sent the country's peso into a tailspin, and threatened local industry such as car making.
But four months on, Mexican au...
Global Stocks Slide, Treasuries and Yen Up
2017-04-11 05:04:09 UTC
Asian stocks fell in choppy trade on Tuesday as the political tinderbox in the Middle East and the Korean Peninsula added to uncertainty over the looming French vote, pushing edgy investors into safer assets such as the yen and Treasuries.
Trump is well on his way to launch additional import duties
2017-04-10 06:20:52 UTC
By David Lawder |
WASHINGTON — U.S. President Donald Trump is considering an executive order to launch a trade investigation that could lead to supplemental duties in certain product categories, a Trump administration official told Reuters.
China Eyes Plant in Mexico as a New Capital of the Automotive Industries - Fact Check: Trump's Misleading Claims
2017-04-05 07:31:58 UTC
China Eyes Plant in Mexico as a New Capital of the Automotive Industries - Fact Check: Trump's Misleading Claims.
MEXICO CITY/BEIJING — Trump has criticized carmakers including General Motors for shifting production south of the border. Under...