International Trade

New Zealand primary sector nervous over prospect of world trade wars

New Zealand’s primary sector is viewing the rising tide of global trade protectionism with trepidation, but escalating trade tensions between the United States and China have yet to spill over into this country’s main exports. Primary sector and trade representatives welcomed last week’s launch of trade talks with the EU as positive step. At the time, European Union trade commissioner Cecilia Malmström voiced concerns about trade issues that have plagued markets in recent weeks after the US Donald Trump administration…

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Imagine Trump Doing Brexit, Johnson Says

Don’t expect fireworks over London tonight on the second anniversary of the Brexit vote. Murmurs of satisfaction in Brussels are more likely, as European Union mandarins congratulate themselves on casting a spanner into Britain’s efforts to save itself from the continent’s super state. Brexiteers sold independence at least partly on the basis that EU trade restrictions penalized British producers and consumers, imposing high tariffs within the bloc and keeping members from enjoying more favorable trade relationships with non-member countries. Freed…

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Why the fuss about Canadian trade? It comes down to milk. – The Buffalo News

WASHINGTON – To hear President Trump tell it, Canada is one of America’s arch-villains when it comes to trade. But the overall numbers show something different. Canada sold about 6 percent more goods in the U.S. last year than American companies sold north of the border, federal figures show. In comparison, China – America’s leading trading partner – sold nearly three times as much stuff in America last year as America was able to peddle in the once-forbidden kingdom. In fact, of America’s…

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UK ‘hides extent of arms sales to Saudi Arabia’ | World news

Hundreds of millions of pounds worth of British-made missiles and bombs have been sold to Saudi Arabia for use in Yemen under an opaque licensing system that makes tracking arms sales more difficult. The disclosure has prompted accusations that the government is trying to mask the true extent of British-made arms exports to Saudi, a claim denied by the Department for International Trade. Britain’s role in selling weapons to the Saudis is attracting controversy amid the kingdom’s operations in Yemen,…

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“The World’s Financial Crisis”- The printing press solution” Or more commonly known as The Qwerty keyboard!

By Dr. Mehenou Amouzou History is repeating itself with a human desire to control or rule the world by any means. This obsession has created three categories of human beings: One that has chosen the route to rule, one that has chosen the role of servant and a third that considers themselves to be subordinate to all other humans.   For many centuries the world has been and continues to support the aspects mentioned above by the actions of its…

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AP FACT CHECK: Trump’s skewed claims on immigration, economy

Photo: Pablo Martinez Monsivais, AP In this June 20, 2018, photo, President Donald Trump holds up the executive order he signed to end family separations at the border, during an event in the Oval Office of the White House in Washington. Trump is distorting the truth when it comes to the impact of his administration’s policy regarding separating children from their parents at the U.S. border. less In this June 20, 2018, photo, President Donald Trump holds up the executive…

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Report to the People on the Progress of the Implementation of Recommendations on Rakhine State (January to April 2018) [EN/MY] – Myanmar

Introduction As the Government of Myanmar works towards achieving stability, durable peace and development across the country including Rakhine State, the Committee for Implementation of the Recommendations on Rakhine State was established with an aim to help create a peaceful, fair and prosperous future for the people living in the State. This report provides an update to the people of Myanmar regarding the progress of the implementation by the Committee, for the period of January to April 2018. Economic and…

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Minnesota’s soybean sales could take big hit if China tariffs proceed | Economy

President Donald Trump touts his trade policy as long-overdue action to help America’s workers and industries, but some economists warn that tariffs he has placed or is threatening to place on China and Chinese retaliation to them could actually bolster other countries at the expense of the U.S. Nowhere is that more apparent than in the case of Minnesota’s vital agricultural staple, soybeans. The state ranks fourth in the country in all agricultural exports. Soybeans, as Worthington, Minn., farmer and…

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Varcoe: Canada’s economy ‘under attack’ by U.S., says chamber head

Resurrect Energy East. Review government regulations. Find new customers for Canadian resources. With NAFTA under threat by the “whims of a wildly unpredictable president,” it’s time the country examine its own economic options and develop a new strategy, says the head of the Canadian Chamber of Commerce. In a blunt speech that laid out the stakes of “the ratcheting up of tensions” between Canada and the United States, chamber CEO Perrin Beatty asserted this country can no longer sit back…

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President Trump Struck the First Blow on Trade. The World Is Starting to Hit Back

(WASHINGTON) — The United States attacked first, imposing tariffs on steel and aluminum from around the globe and threatening to hit tens of billions of dollars in Chinese products. Now, the world is punching back. The European Union is set Friday to slap tariffs on $3.4 billion in American products, from whiskey and motorcycles to peanuts and cranberries. India and Turkey have already targeted U.S. products, ranging from rice to autos to sunscreen. And the highest-stakes fight still looms: In…

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After peaceful, democratic elections, a stable, engaged U.S. relationship with Colombia will benefit both countries

This week, a clear majority of Colombians picked a new president in a peaceful, democratic election. This an extraordinary achievement. One of us served as special envoy to the Americas for President Clinton, and helped organize the first Summit of the Americas almost 25 years ago. The other spent decades in the Foreign Service, and from 2001 to 2004 served as President Bush’s ambassador to the UN. We can both clearly remember a time when Colombia was on the brink…

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Cross-border bond: Windsor-Detroit history of culture and commerce could be tested with trade war

By Trevor Wilhelm – Windsor Star and JC Reindl – Detroit Free Press From his 10th floor office downtown, Detroit businessman Dan Gilbert can look across the Detroit River, see into Windsor, and spot opportunity. For Gilbert, founder of mortgage giant Quicken Loans, Windsor was a key component in Detroit’s proposal last year to become the second North American headquarters for e-commerce giant Amazon. Canada’s immigration laws enable tech workers to locate in Windsor and collaborate in real time with U.S. counterparts, along with other advantages. In Gilbert’s…

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Top 7 Jamaican & Caribbean News Stories You Missed The Week Ending June 22nd, 2018

THIS WEEK’S TOP NEWS  STORIES Top 7 Jamaican & Caribbean News Stories JAMAICAN GOVERNMENT TO INSTALL 1,000 CCTV CAMERAS TO THWART CRIMEAs part of its effort to fight crime, Jamaica’s government has decided to install 1,000 closed-circuit television (CCTV) cameras in strategic spots across the island by the end of 2018. The installations will take place under the JamaicaEye initiative of the Ministry of National Security. JamaicaEye is a partnership between public and private stakeholders designed to create a network…

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Farmers stuck with wool

Bereng Mpaki SEVERAL farmers across the country are stuck with unsold wool and mohair after the recent regulations that that blocked the fabric from being processed and auction out of the country. Some of the farmers who have tonnes of the fabric stashed in wool shed have expressed concern that they may end up starving as they have failed to sell the commodity. The farmers registered their fears during the ongoing awareness campaign by the ministries of agriculture, small business…

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EU to impose tariffs on $3.4bn worth of US goods

The European Union is set to slap tariffs on $3.4bn in American products on Friday, from whiskey and motorcycles to peanuts and cranberries. India and Turkey have already targeted US products, ranging from rice to autos to sunscreen. The United States attacked first, imposing tariffs on steel and aluminium from around the globe and threatening to hit tens of billions of dollars in Chinese products. Now, the world is punching back. But the highest-stakes fight still looms: in two weeks, the…

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