International Trade

Trump trade beef with China could backfire on meat sales, Business, Phnom Penh Post

Lin Zhengu, chef and owner of steak restaurant Stone Sal, holds a chunk of beef imported from the US at his restaurant in Shanghai. afp A key objective of President Donald Trump’s trade war is to pressure Beijing to “buy American”, but when it comes to millions of dollars of US meat imports, China may simply take its business elsewhere. Beijing’s retaliatory tariffs on US pork and beef are making them prohibitively expensive and Chinese importers are simply turning to…

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Tory Brexiteers to Surprise May by ‘Positive’ Hard Brexit Plan – Reports

Europe 04:33 14.08.2018Get short URL A group of Brexit supporters from the ruling Conservative Party are planning to surprise Prime Minister Theresa May by publishing their own “positive” paper on potential hard Brexit, The Times reported on Tuesday. According to the media outlet, the blueprint will be released next month and is expected to have the support of 60 to 80 Conservative lawmakers. The plan has not been fully formed yet, but it might reportedly allow for a Canada-style free trade agreement if the European Union…

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Canada finance minister at steel mill Tuesday amid talk…

Canada finance minister at steel mill Tuesday amid talk of new tariff steps By Reuters Published: 18:08 EDT, 13 August 2018 | Updated: 18:08 EDT, 13 August 2018 TORONTO, Aug 13 (Reuters) – Canadian Finance Minister Bill Morneau will make an announcement at steelmaker ArcelorMittal’s Dofasco plant in Hamilton on Tuesday, raising expectations that Canada could propose new tariffs or quotas to protect the industry. The Department of Finance said in a release that Morneau would also meet with local…

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Trump approves defense budget delaying delivery of F-35 warplanes to NATO ally Turkey

U.S. President Donald Trump approved late Monday a defense budget law delaying the delivery of F-35 Joint Strike Fighter jets to Turkey in a move that goes against trade agreements and disregards international trade law. In a ceremony at Fort Drum military base in New York, Trump expressed his pleasure for Congress’ quick approval of National Defense Authorization Act (NDAA), saying “We are going to strengthen our military like never ever before. And that’s what we did.” An amendment to…

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How cryptocurrency brings oppression and hope to Venezuela

Daily life in Venezuela begins and ends with one question: What is my money worth today? Venezuela has the world’s worst inflation rate at more than 40,000 percent annually and rising, according to John’s Hopkins University. The country’s almost worthless bolivar currency is breaking deli scales and credit card readers as the more than 30 million people of Venezuela struggle to buy basic necessities in a starving economy. Citizens are trapped in an ever-worsening cycle of stagnant income and empty…

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Israel & Canada high on budding medical cannabis ties

Experts warn government regulations tied to exporting marijuana could lose Israel billions of dollars in revenue Israel, the so-called Start-up Nation, could soon become known as the Silicon Valley of medical marijuana if leaders in the industry have their way. Israel’s medical cannabis sector is flourishing, thanks in part to growing business ties with Canada, which will officially legalize marijuana in October. Hundreds of millions of dollars in deals between Canadian and Israeli companies have already been inked, with investments…

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Germany official warns of consequences of global trade war

Peter Altmaier, the German Federal Minister for Economic Affairs and Energy, believes that the consequences of the global economic war will be catastrophic, reported Deutsche Welle (DW). “This trade war slows down and hinders economic growth and generates new uncertainty,” Altmaier told Bild am Sonntag newspaper of Germany. Moreover, as per the German official, consumers will suffer first of all from the price hikes of goods due to this trade war. In his words,…

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Trump’s trade tirade can’t slow this booming Canadian port

Prince Rupert is hardly the place one would expect to find an international gateway that’s weathering the Trump trade storm better than any other Pacific port in North America. There’s just one bakery in the town of 12,000 people tucked away in a misty corner of western Canada. The local Walmart outlet is affectionately known as “Smallmart.” Shuttered storefronts on its main street are obstinate reminders of the collapse of its pulp and fishing industries more than a decade ago.…

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Trump Tariffs Boost Wildfire Victims’ Rebuilding Costs « CBS San Francisco

SANTA ROSA (AP) — Add this to the challenges facing California wildfire victims: Tariffs. The import tariffs imposed by President Donald Trump are adding thousands of dollars to the cost of building homes. That especially squeezes homeowners who seek to rebuild quickly after losing their houses to natural disasters, such as the wildfires scorching parts of California. The Trump administration’s tariffs have raised the cost of imported lumber, drywall, nails and other key construction materials. One building association official said…

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Egypt, Thailand to adopt five-year joint action plan in economic activity: Thai ambassador

Over the last four decades, Thailand has achieved remarkable progress in social and economic development, moving from a low-income country to an upper-income country in less than a generation, according to the ambassador of Thailand to Egypt Chainarong Keratiyut-wong, who was a guest at a roundtable held by Daily News Egypt, along with representatives from the Thai embassy in Cairo, on Wednesday. The roundtable discussed all aspects of bilateral cooperation, as well as  Thailand boosting its economy experience and tourism refreshment,…

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The looming Brexit catastrophe

Sign Up for Our free email newsletters Britain is still trying to figure out how to packs its bags. Back in 2016, Britain voted to leave the European Union, but the departure won’t take place until March 2019. The big question in the interim has been how exactly “Brexit” will go down. While the moment of truth remains a few months off, a worst-case scenario looks increasingly likely. British Prime Minister Theresa May and many other mainstream leaders would prefer…

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Recent Growth in Internet Security Software Market including key players Symantec, McAfee, Trend Micro, AVG

Recent Growth in Internet Security Software Market including key players Symantec, McAfee, Trend Micro, AVG Aug 13, 2018 (AB Digital via COMTEX) — . The Research report presents a complete assessment of the market and contains Future trend, Current Growth Factors, attentive opinions, facts, historical data, and statistically supported and industry validated market data. The study is segmented by products type, application/end-users. The research study provides estimates for Global Internet Security Software Forecast till 2023.  If you are involved in the Internet…

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Financial Mirror dot com – ECONOMY: Tariff War could disrupt Cyprus shipping

Cyprus’ shipping industry is concerned over an escalation of a ‘trade war’ between the USA and China but feel it is in a robust position to weather the storm. With the tariff war threatening to make waves in Cyprus shipping, stakeholders have urged both sides to take a step back. US President Donald Trump has threatened to impose tariffs on over USD 500 bln of Chinese goods – virtually all of China’s annual exports to the United States. In retaliation,…

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Wildfire victims stung by Trump’s trade war | News, Sports, Jobs

FILE – In this Oct. 14, 2017, file photo, an aerial view shows the devastation of the Coffey Park neighborhood after a wildfire swept through the area in Santa Rosa, Calif. President Donald Trump’s tariffs on imported construction materials are making it more expensive to rebuild homes lost to wildfires and other natural disasters. The taxes come at a time when several other factors are also driving up building costs. (AP Photo/Marcio Jose Sanchez, File) SANTA ROSA, Calif. — Add…

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China’s FDI remains stable, quality improves –China Economic Net

China’s foreign direct investment (FDI) has remained stable in scale and optimized in quality as the business environment has become more attractive, according to industry experts. “Looking at the data for the first half of the year (H1), foreign investors maintained their enthusiasm in the Chinese market,” said Huo Jianguo, vice chairman of the China Society for WTO Studies. FDI into the Chinese mainland rose 4.1 percent year on year to 68.32 billion U.S. dollars in the first six months…

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Sherwood Park teacher off to rescue another chimpanzee

Spencer Sekyer is travelling to Guinea-Bissau to help transport Simon the chimpanzee to an animal sanctuary. Supplied When Spencer Sekyer explained his latest mission to rescue a primate, he was on a layover in Casablanca en route to West Africa. It’s only his latest because two years ago the Elk Island Public Schools teacher made headlines when he saved a chimpanzee in Iraq, an adventure soon to be chronicled in the book Saving Manno. Now he’s using the last weeks of…

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