Young Trade Professionals

04/10/2018

China's President Offers US Possible Trade Concessions

"President Xi Jinping promised Tuesday to cut China's auto tariffs and improve intellectual property protection in possible concessions aimed at defusing a worsening dispute with Washington over trade and technology that investors worry could set back the global economic recovery."

Investors and China watchers welcomed President Xi Jinping's pledge Tuesday to open his country's market wider to foreign competition, hoping it will ease a trade dispute with Washington that has unsettled financial markets and could jeopardize a global economic expansion. Xi's vow to cut...

04/10/2018

Trump Promises to 'Make It Up' to Farmers Hit by China Tariffs

"(CNN Money) -- President Trump acknowledged Monday that American farmers may be hurt by Chinese tariffs.
But he insisted that farmers would be better off over the long term. He also indicated that any pain farmers feel won't affect his political fortunes."

04/10/2018

China Files WTO Complaint Over Trump Steel Tariffs

"China on Tuesday filed a World Trade Organization (WTO) complaint to challenge President Trump’s tariffs on steel and aluminum, the Associated Press reported."

China on Tuesday filed a World Trade Organization (WTO) complaint to challenge President Trump’s tariffs on steel and aluminum,

04/09/2018

U.S, China Trade Tariffs Could Challenge Local Farmers

"When the United States engages in trade disputes, agriculture tends to not come out on top.
That’s knowledge Dennis Whitsitt has gained from his years as a grain and beef cattle farmer in Dale, and it has him worried as trade disputes between the U.S. and China heat up."

When the United States engages in trade disputes, agriculture tends to not come out on top.

04/09/2018

Florida Senators Push for NAFTA Anti-Dumping Provision

"Florida Senators Marco Rubio and Bill Nelson continue their campaign for a provision in the North American Free Trade Agreement that would allow growers to seek seasonal trade protection from imports."

Florida Senators Marco Rubio and Bill Nelson continue their campaign for a provision in the North American Free Trade Agreement that would allow growers to seek seasonal trade protection from imports.

04/09/2018

Trump Complains About STUPID TRADE With China

"President Donald Trump on Monday complained yet again about "STUPID TRADE" with China, doing little to calm investors anxious about the escalating trade conflict between the two economic superpowers."

President Donald Trump on Monday complained yet again about "STUPID TRADE" with China, doing little to calm investors anxious about the escalating trade conflict between the two economic superpowers.

04/06/2018

NAFTA Nations Seek Broad Outline of Preliminary Agreement

"WASHINGTON — The three NAFTA countries are in Washington trying to come to terms on the broad outlines of an interim agreement.
Canada’s foreign minister, Chrystia Freeland, dined with her U.S. and Mexican counterparts last night, and the three are in meetings today."

WASHINGTON — The three NAFTA countries are in Washington trying to come to terms on the broad outlines of an interim agreement. Canada’s foreign minister, Chrystia Freeland, dined with her U.S. and Mexican counterparts last night, and the three are in meetings today. Sources say if there is to b...

04/06/2018

Trump Touts Falling Aluminum Prices As Reason to Not Fear Tariffs

"President Donald Trump said falling aluminum prices are evidence that his tariffs aren't impacting the U.S. economy.
But in reality the price of the metal declined because he exempted Canada and Mexico from the tariffs."

President Donald Trump tweeted on Friday that falling aluminum prices are a sign his tariffs aren't hurting the economy.

04/06/2018

Nafta Trio Meets With Optimism Growing for a Deal

"Senior ministers from the three Nafta countries are gathering in Washington amid growing signs of optimism that they could find common ground on the toughest issues."

Senior ministers from the three Nafta countries are gathering in Washington amid growing signs of optimism that they could find common ground on the toughest issues.

04/05/2018

US Trade Deficit Rises to Near 9-1/2-Year High; Jobs Market Tightens

"WASHINGTON: The US trade deficit increased to a near 9-1/2-year high in February, with both exports and imports rising to record highs, but the shortfall with China narrowed sharply. "

https://economictimes.indiatimes.com/news/international/business/us-trade-deficit-rises-to-near-9-1/2-year-high-jobs-market-tightens/articleshow/63630244.cms

The politically sensitive goods trade deficit with China fell 18.6 percent to $29.3 billion. The deficit with Mexico surged 46.6 percent in February.

04/05/2018

Petro-Yuan May Prove a Bigger Headache to US Than Trade Wars

"While the world has been engrossed with the latest spats over tariff wars, and who and when countries will retaliate against the United States, the Chinese have very quietly set the ball rolling to end the US dollar’s hegemony in international oil trade."

Will the traditional benchmarks of Brent crude and West Texas Intermediate face a serious challenger?