Tag: International trade

Trump: ‘Major, Major’ Conflict With North Korea Possible

In an interview with Reuters on Thursday, President Trump said “there is a chance that we could end up having a major, major conflict with North Korea,” but he is hopeful that the U.S. can find other ways to work with the country regarding its nuclear and missile programs. “We’d love to solve things diplomatically,…

Trump Won’t Pull U.S. Out of NAFTA

President Donald Trump has announced that he will not pull the U.S. out of the North American Free Trade Agreement, despite numerous promises to do so. Trump informed the leaders of Mexico and Canada of his decision Wednesday, and the White House later confirmed that the president had “agreed not to terminate NAFTA at this…

Trump Reverses On NATO: “No Longer Obsolete”

On Wednesday, President Trump publicly contradicted several long-stated policy views, bringing his stances more in line with Washington orthodoxy. Meeting with NATO Secretary General Jens Stoltenberg, Trump said of the military alliance: “I said it was obsolete. It’s no longer obsolete.” A week after calling China the “world champion” of currency manipulation, a common refrain…

Jared Kushner Omitted Russia Meetings on Security Forms

President Trump’s son-in-law, Jared Kushner, is reported to have omitted dozens of contacts with foreign officials and leaders in recent months on his top-secret security-clearance application form. In order to get clearance, Kushner, according to The New York Times, was required to note all such encounters with foreign governments over the past seven years, but…

Britain Formally Triggers Brexit

A letter signed by Prime Minister Theresa May has been delivered to European Council President Donald Tusk, formally triggering Britain’s exit from the European Union. The letter was handed over by Tim Barrow, Britain’s permanent representative to the EU. By invoking Article 50 of the Lisbon Treaty, Britain now has two years to negotiate an…

Billionaire Wilbur Ross Wins Senate Confirmation

President Trump’s nominee for U.S. commerce secretary won Senate confirmation on Monday, paving the way for work to begin on renegotiating trade deals with China and Mexico. Billionaire Wilbur Ross was confirmed with a Senate vote of 72-27, with support from 19 Democrats. Ross will now be at the helm of an agency with over…

Trump Affirms ‘One China’ Policy In Phone Call With China’s President

President Trump and Chinese President Xi Jinping had a “lengthy” and “very cordial” phone conversation Thursday evening, the White House said in a statement, and “President Trump agreed, at the request of President Xi, to honor our ‘one China’ policy.” Trump had irked Beijing by speaking with Taiwan’s president on the phone soon after his…

American Automakers To Meet With Trump Tuesday

President Donald Trump meets Tuesday with the CEOs of General Motors, Ford, and Chrysler in the Oval Office. “I want new plants to be built here for cars sold here!” Trump tweeted Tuesday. Trump made a point on the campaign trail of slamming American automakers for importing cars from Mexico and vowed a border tax…

Obama Lifts US Embargo On Lethal Arms Sales To Vietnam [VIDEO]

President Barack Obama has announced the US is fully lifting its embargo on sales of lethal weapons to Vietnam, its one-time enemy. Speaking during a visit to communist Vietnam and talks with its leaders, Mr Obama said the move removed a “lingering vestige of the Cold War”. The US is trying to bolster its relationship…

Obama signs trade, worker assistance bills into law

President Barack Obama has signed into law two hard-fought bills giving him greater authority to negotiate international trade deals and providing aid to workers whose jobs are displaced by such pacts. The measures were politically linked to secure bipartisan support for the trade legislation. They set the stage for the conclusion of a 12-nation Pacific…