The Guardian view on Trump’s tariff push: it should spark a global call for fairer trade | Editorial
“handOh, the most beautiful word in the dictionary is tariff,” Donald Trump told business leaders in October. “These are my favorite words. We need a public relations firm.''Now that he has won the election, Trump's words are shaking the world's capital. Many fear he will pull back the curtain on the U.S. economy, locking it […]
Mexican Peso depreciates on rumors of Lighthizer trade appointment – FXStreet
The Mexican peso has fallen following rumors that Donald Trump has offered Robert Lighthizer the job of trade representative. The former U.S. trade representative is known for his protectionist stance and could weigh on Mexico in future negotiations. Concerns that the Republicans will gain a majority in Congress and achieve a “clean sweep” have further […]
Mike Williams catches Steelers TD vs. Commanders after Jets trade
Mike Williams became a hero for the Steelers in the days after Aaron Rodgers' final selection. The former Jet scored the winning touchdown in the Steelers' 28-27 victory over the Commanders on Sunday afternoon at Northwest Stadium. Pittsburgh was leading Washington by six points with just over two minutes remaining when Russell Wilson sent a […]
Republicans inch closer to ending China’s favored trade status
Fresh off a red light Tuesday, House Republicans began renewing their idea of ending China's preferential trade status. They have begun to promote the idea of ending China's Permanent Normal Trade Relations (PNTR). The idea, once considered hopeless, is now a reality, as Republicans control the White House and the Senate, and are on track […]
EU signals desperation to avoid trade war with Trump, desire to buy American gas
President-elect Donald Trump is still months away from taking office, but the European Union already appears eager to strike a deal with him. Ursula von der Leyen, President of the European Commission, dealt with European Council members in Budapest, Hungary, on Friday said they want to avoid a trade war with the United States and […]
Financial trade group calls on SEC chief Gensler to 'immediately' step down
The American Securities Association (ASA), a financial industry group, has called on Securities and Exchange Commission (SEC) Chairman Gary Gensler to resign immediately following former President Donald Trump's re-election. “Last night, the people voted to move this country in a new direction, and Chairman Gensler should respect that vote and resign immediately,” ASA President and […]
How Warren Buffett bet against the ‘Trump trade’ — and lost
Donald Trump and many of his supporters did pretty well in the stock market after he took back the White House. Warren Buffett, apparently, not so much. This has led to the post-election market frenzy, notable winners (among them Trump himself), and, if trading desk chatter is to be believed, the so-called Trump race that […]
Gold (XAU) Daily Forecast: U.S.-China Trade Tensions Add Pressure to Gold Outlook – FX Empire
The recent decision by the US Federal Reserve to cut interest rates by 25 basis points, with a target range of 4.50%-4.75%, has further impacted gold's safe-haven status. Fed Chairman Jerome Powell's comments also suggested further rate cuts are on the horizon to counter economic pressures, potentially pushing up the dollar and impacting gold demand. […]
Trump tariffs could send US toy prices soaring more than 50%: trade group
If President-elect Donald Trump changes policy, toy makers could be forced to significantly raise prices by up to 56%. Price proposal Regulations on foreign-made products are report From the National Retail Federation. A $50 tricycle can now cost up to $78, according to a report released this week by a U.S. industry group. Under the […]
Xi Jinping warns Trump US would ‘lose from confrontation’ with China as renewed trade war looms
President Xi Jinping congratulated President-elect Trump on his election victory and warned that the United States would “gain from cooperation and lose from confrontation” with China. The message comes as the Chinese Communist Party (CCP) must brace for further escalation as President Trump promises to revive the trade wars of his predecessor's era with blanket […]