Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
KEEPING SCORE: Tokyo's Nikkei 225 index gained 0.4 percent to 22,610.83 and Hong Kong's Hang Seng added 0.6 percent to 28,831.39. The Shanghai Composite Index was off 2 points at 2,904.39 and Sydney's S&P-ASX 200 shed 0.2 percent to 6,254.40.
In a loud, bipartisan message from lawmakers on Capitol Hill, and across the landscape of American business and agriculture, President Donald Trump is facing sharp questions about his tariffs on China, Mexico, Canada, and Europe, as businesses and farmers say they're being economically harmed by the President's actions on trade. In hearings this week in Congress and at the Commerce Department, in speeches on the floors of the House and Senate, and in news conferences outside the Capitol, the message has been simple the Trump Tariffs are hurting, and more won't help.
In a loud, bipartisan message from lawmakers on Capitol Hill, and across the landscape of American business and agriculture, President Donald Trump is facing sharp questions about his tariffs on China, Mexico, Canada, and Europe, as businesses and farmers say they're being economically harmed by the President's actions on trade. In hearings this week in Congress and at the Commerce Department, in speeches on the floors of the House and Senate, and in news conferences outside the Capitol, the message has been simple - the Trump Tariffs are hurting, and more won't help.
President Donald Trump's trade disputes with China, Mexico and Canada are already eroding the value of American agricultural production, with soybean growers alone expected to lose at least $3.2 billion during the next crop season. But many farmers - including some whose incomes are plunging as exports stall - are sticking by the man they helped vote into office.
The endless turnover at the White House and the constant tweeting by the US president has led to feelings that chaos in Washington is damaging the ability of the US to conduct foreign policy. Donald Trump Jr. watches his father Republican US presidential candidate Donald Trump leave the stage on the night of the Iowa Caucus.
Steven Mnuchin testifies before a Senate Finance Committee confirmation hearing on his nomination to be Treasury secretary in Washington, U.S., January 19, 2017. REUTERS/Joshua Roberts The U.S. Senate voted to confirm former banker and Hollywood financier Steven Mnuchin as Treasury secretary on Monday, installing the Trump administration's point-man on tax reform, financial de-regulation and economic diplomacy efforts.
Donald Trump won the presidency by convincing enough white voters in three states that only Donald Trump was strong enough to fix America's problems. "Nobody knows the system better than me," he said memorably after accepting his party's nomination, "which is why I alone can fix it."
Threats to US trade with China or Mexico, which have been raised by Donald Trump's US presidency, look far more serious than the loss of the TPP deal, a senior CME Group executive said, foreseeing a jump in ag price volatility. Erik Norland, executive director and senior economist of CME Group, downplayed President Trump's decision on Monday to withdraw the US from the TPP, the Trans-Pacific Partnership free trade deal, saying that "I do not think it really changes very much".
Asia summit closes with calls for free trade 21 Asia-Pacific nations agree to work toward pact despite skepticism underscored by Trump win Check out this story on USATODAY.com: http://usat.ly/2gbf9fR U.S. President Barack Obama, right, walks past China's President Xi Jinping, left, at the opening session of the Asia-Pacific Economic Cooperation in Lima, Peru, Sunday. LIMA, Peru - Leaders of 21 Asia-Pacific nations ended their annual summit Sunday with a call to resist protectionism amid signs of increased free-trade skepticism, highlighted by the victory of Donald Trump in the U.S. presidential election.
Chinese President Xi Jinping today told US President-elect Donald Trump that cooperation was the "only right choice" to bolster ties between the two major powers, in the first contact with the US President-elect who in his campaign had accused China of snatching American jobs. In his first telephonic conversation since Trump won the US presidential election last week, Xi congratulated him on his election victory, state-run CCTV reported.
The economy, and especially the anaemic recovery, has been a disappointment to all but the top 1 percent, and only the 0.1 percent have really done well. When Bill Clinton ran for president he had a note hanging from the wall beside his desk.
The Republican National Convention in Cleveland this week ought to be interesting, but whether it will be informative is another question. Barring a last-minute surprise, the delegates will nominate real estate magnate Donald Trump to be the GOP presidential candidate, and he will pledge - probably repeatedly - to "make America great again."
Obama campaigned on supposed practicality and ad hoc politicking. This left his most cynical detractors shadowboxing at the leftist positions they knew that he actually held, even as the media and his supporters Donald Trump may despise President Obama enough to question his origin of birth .