Republican introduces bill to revoke normal trade relations with China
A top Republican focused on America's competition with China introduced a bill on Thursday to end normal trade relations with China. Rep. John Moolener (R-Mich.), chairman of the House Select Committee on the Communist Party of China, proposed reversing China's Permanent Normal Trade Relations (PNTR) policy, which has been in place for more than 20 […]
XAU/USD: Gold Selloff Continues as Trump Agenda Wipes Out Demand for Haven Trade – TradingView
Important points: Gold falls for 5th straight day Prices down 9% from record Strong dollar and high stock prices weigh on gold Illustration: TradingView With all the volatility in stocks, cryptocurrencies, and foreign exchange, who needs a risk-averse asset? Gold fell 8% in November. gold XAUUSD I'm having a tough timeThe decline intensified after Donald […]
Dollar holds firm at one-year high on Trump trade momentum – Yahoo Finance
Written by Kevin Buckland TOKYO (Reuters) – The U.S. dollar hit a one-year high against major currencies on Thursday, heading for a fifth straight day of gains, boosted by rising yields and Donald Trump's election victory. The dollar rose above 156 yen for the first time since July. The euro fell to $1.0546, the lowest […]
Australian Dollar recovers losses as PM Albanese shares about trade discussion with Trump – FXStreet
The Australian dollar rose as Prime Minister Albanese shared trade talks with President Trump last week. Australia's wage price index rose 3.5% year-on-year in the third quarter, slowing from a 4.1% rise in the second quarter. The North American session will focus on the announcement of the US consumer price index. The Australian dollar (AUD) […]
Germany braces under collapsing government and looming Trump trade war
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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 […]