}

Trump’s erratic policy moves put national security at risk


“Trump’s threats work to some extent against weak targets, but not against stronger ones. Canada and Mexico, which are so dependent on exports to the U.S., have been willing to make tough concessions rather than risk serious harm to their own economies. Korea, which is so dependent on the U.S. security umbrella, was also willing to do a quick deal,” said Edward Alden, an economics professor at Western Washington University. “But bigger trading partners — China, the E.U., even Japan — have proved far less compliant.”

Xi you at the G20


Could a trade agreement with China be on the horizon? Maybe. President Trump said he and Chinese President Xi Jinping will have an “extended meeting” next week at the G-20 summit in Japan. Trump tweeted that he and Xi “had a very good telephone conversation,” and that “our respective teams will begin talks prior to our meeting.” Xi has said he hopes the U.S. treats Chinese companies “fairly”—possibly a reference to the U.S. ban of telecommunications giant Huawei over national security concerns.

Justin Trudeau and Donald Trump to meet in Washington to talk trade


Prime Minister Justin Trudeau and U.S. President Donald Trump are to discuss continental trade and their shared challenges with China in a meeting in Washington next week. The Prime Minister’s Office says the leaders will use next Thursday’s meeting to talk about the ratification of the new North American trade agreement and outstanding trade disputes between Canada and the United States.

The rising influence of Peter Navarro


The recent showdown with Mexico marks a high point in Donald Trump’s economic adviser Peter Navarro’s tumultuous tenure in the White House, as Trump’s increasingly aggressive actions on trade, including toward China, mirror policies that the man he calls “my Peter” has pushed since the beginning of the administration.

Expectations low for Trump-Xi talks


With under three weeks to go before proposed talks between the Chinese and U.S. leaders, expectations for progress toward ending the trade war are low and sources say there has been little preparation for a meeting even as the health of the world economy is at stake.

‘Trump recession’ on the horizon?


As China and the U.S. engage in an increasingly aggressive trade war, economists are concerned that DonaldTrump’s tariffs may tip the U.S. economy into a recession. “They are taxes, they hurt consumers, they hurt American companies,” said Gary Shapiro, president and CEO of the trade organization Consumer Technology Association. Trump’s “weaponization of tariffs” hurts the U.S. economy and “creates uncertainty” with trading partners, said Myron Brilliant, head of international affairs at the U.S. Chamber of Commerce.

Huawei appears to be hurting following US action


Shao Yang, Huawei’s chief strategist, suggested that the company would have become the number one smart phone producer in the world this year if it was not for “unexpected” circumstances. It is believed that Yang is referring to U.S. action taken against Huawei, including the placement of Huawei on the U.S. exports blacklist and banning its sale in the very lucrative, U.S. market.

Apple’s tech rebound


Foxconn, an electronics industry company, is making it clear that should the trade war between the U.S. and China worsen, forcing Apple to move its supply chain out of China, Foxconn is large enough to fill in and help Apple.

Julio Ricardo Varela: Trump’s Mexico fake news


“Mexico has actually been placating the U.S. appetite for immigration enforcement for years now. Mexico has deported more migrants back to El Salvador, Guatemala, and Honduras than the United States since 2015, according to Migration Policy. Mexico still honors agreements like the Mérida Initiative that call ‘for better infrastructure and technology to strengthen and modernize border security at northern and southern land crossings, ports and airports.’ The real U.S. southern border has already been extended into Mexico for years—a fact Trump doesn’t want to let people know, since it would fly in the face of his anti-Mexican positioning.”

Trump’s trade tantrum


In true Trump tantrum fashion, President Trump is demanding that Chinese President Xi meet with him at the upcoming G-20 summit to talk trade. If he refuses, Trump threatened to impose more tariffs on Chinese imports.

Trump solves a problem of his own making


Donald Trump is claiming victory, as the U.S. and Mexico have struck some sort of a deal on immigration and trade, avoiding Trump’s proposed tariffs on Mexican imports. Many view Trump’s proposed tariffs as a problem of his own making, of which he is now claiming victory.

Vietnam and others benefiting from US-China trade war


Trump’s trade war with China is doing little to bring jobs back to the U.S., but it is doing a lot for China’s neighbors. U.S. imports from Vietnam, Taiwan, and South Korea have all increased by 38 percent, 22 percent, and 17 percent respectively. Amid the trade war U.S. imports from China have dropped by 12 percent.

Maine lobster industry needs aid due to China trade war


The four members of Maine’s congressional delegation sent a letter this morning urging President Donald Trump to provide relief to members of the lobster industry affected by the ongoing trade war with China – much as American farmers received government support to mitigate negative economic consequences.

Which states would be hit hardest by Mexican tariffs?


New tariffs on Mexico won’t be in anyone’s best interests, either in Mexico or stateside. For state economies, the impact of these rising prices depends on how reliant their major industries — from automakers to food producers to energy companies — are on suppliers in Mexico. Here’s how they would affect each state in the Union.

Trump’s self-made Mexican standoff


President Trump is signaling that talks on immigration with Mexico are progressing, but not enough to stop his tariffs. He said, “I’m very happy with [the tariffs]…” It is unclear if Congress will block the tariffs or if Mexico can make enough changes to satisfy Trump.

Mexican soldiers block migrants at southern border


Mexican soldiers, armed police and migration officials blocked hundreds of migrants after they crossed the border from Guatemala in a caravan into southern Mexico on Wednesday, and detained dozens of them. The operation coincided with a meeting of Mexican and U.S. officials at the White House on Wednesday to work out a deal that would avoid blanket tariffs on Mexico threatened by U.S. President Donald Trump last week.

Trump threatens China with even more tariffs


U.S. President Donald Trump threatened to hit China with tariffs on “at least” another $300 billion worth of Chinese goods but said he thought both China and Mexico wanted to make deals in their trade disputes with the United States. While Trump said on Thursday that talks with China were ongoing, no face-to-face meetings have been held since May 10.

The Economist: Asian countries fear China, but won’t side with US


“The larger issue is that Donald Trump’s unpredictably incendiary foreign policy sits uneasily with the principles of FOIP (‘free and open Indo-Pacific’). Tensions with Iran are pulling America’s attention back to the Middle East. The compulsive resort to tariffs undercuts a rules-based trading order. Mr. Trump’s lack of interest in human rights hardly furthers freedom. And to many in Asia, America’s war on Huawei or its sanctions against buyers of Russian arms or Iranian oil look an awful lot like China’s ‘toolkit of coercion,’ as Mr. Shanahan put it.”

Greg Sargent: Trump worldview is failing spectacularly


“President Trump’s tariffs and trade wars play a critical role in his reelection schema. Having largely thrown in with conventional GOP plutocracy—most notably with the massive 2017 corporate tax cuts—Trump’s moves on trade are the political life support that keeps alive the faint-pulsed aura of economic populism he concocted in 2016, largely betrayed in office, and hopes to duplicate in 2020.”

Trump talks post-Brexit trade…and creates turmoil


Attempting to accomplish something concrete on his largely ceremonial UK visit, Donald Trump couldn’t help causing controversy. He brashly promised that the U.S. and UK could as much as triple their trade after Brexit, while hinting that Britain’s popular government-run National Health Service could be opened up to American companies. He later walked back the comment after a British outcry.

Another Trump emergency…Mexican tariffs?


Republicans who let Donald Trump slide on his border wall emergency declaration may regret it sooner than they thought. Senate Republicans said Tuesday that the administration has floated declaring a second national emergency to implement new tariffs on Mexico. But the move would pave the way for a significant fight, as Senate Republicans have publicly and privately voiced opposition to the tariffs.

Could Trump face a GOP mutiny over tariffs on Mexican imports?


Donald Trump is turning the Republican Party into the party of tariffs, this time threatening tariffs on Mexican goods, should Mexico fail to stop Central American migrants from moving through the country. Republican senators have threatened to block the tariffs with a veto-proof majority. Will this be the issue that finally pushes them to stand up to the president?

Trump anti-free trade tirade


Donald Trump warned Republicans in Congress not to block his tariffs on Mexico, saying that such a decision would be “foolish”. Unless Congress can block the tariffs or Mexico can solve the immigration problem that has beguiled Trump for years, the tariffs on Mexico will go into effect on June 10.

Trump promises Britain a substantial post-Brexit trade deal


Donald Trump promised Britain a substantial post-Brexit trade deal with the United States on Tuesday, quipping to outgoing Prime Minister Theresa May that she should stick around to see it through. “We’ll have a very, very substantial trade deal, it’ll be a very fair deal, and I think it’s something we both want to do,” Trump told May at a meeting.

Mexico warns Trump admin of countertariffs


The Mexican government has employed a tone of friendship that’s averse to conflict, but behind the scenes, officials are warning the Trump administration that they’re prepared use targeted countertariffs if the U.S. carries out threats of new tariffs on Mexican imports. Mexican Foreign Sec. Marcelo Ebrard met with State Department officials in Washington over the past 48 hours in an effort to find a solution to a tariff fight he described as “counterproductive” and would not decrease immigration.

Crikey! Tariffs on Australia?


The Tariff Man has another target in his sights, and it’s our ally from down under. The Trump administration considered imposing tariffs on imports from Australia last week, in response to a surge of Australian aluminum flowing onto the American market over the past year. The move was halted for now, as officials at the Defense and State departments warned it would alienate a top ally and could come at significant cost to the U.S.

China signals it wants trade talks again


In a government policy paper released on trade issues, China signaled to the U.S. that it was willing to work out an agreement to stop the trade tensions. Trump is hopeful that his tariffs will push China back to the negotiating table.

‘America First is a fallacy’


In a letter, Mexican President Andrés Manuel López Obrador wrote that Trump’s tariffs against Mexico would not solve the issue. In the letter he expressed how his country was already doing as much as they legally could to stem the flow of migrants without violating human rights. Obrador also noted in the letter that “America First is a fallacy.”

Michael Bloomberg: Congress needs to stop Trump on trade


“President Donald Trump’s approach to trade policy had set new benchmarks of incoherence and irresponsibility even before his threat to impose escalating tariffs on imports from Mexico — but this latest maneuver takes the cake. The administration plans to harm businesses north and south of the border, and to impose additional new taxes on U.S. consumers, not to remedy a real or imagined trade grievance but to force Mexico to curb migration to the U.S.”

Trump jeopardizes trade agreement by threatening Mexico with tariffs


U.S. President Donald Trump said Thursday that an additional tariff on Mexican goods would address what he claimed was a “border crisis” that resulted in America being “invaded by hundreds of thousands of people.” Trump’s threat puts the fate of the United States-Mexico-Canada Agreement, or USMCA, in serious jeopardy.