Page 5 - Trade Rep News Today

This morning between chinas top negotiator and steve mnuchin and trade rep robert lighthizer. the breakthrough comes days after the u.s. imposed more tariffs on $110 billion worth of chinese goods hours after the president insisted beijing will come around. >> president trump: weve taken in tens of billions of dollars in tariffs from china. prices have not gone up. or theyve gone up very little. china has paid for most of that. i would say paid for all of it. china has now had the worst year the...

Computers, toys and president trump spoke about why the decision was made. >> we are doing this for the christmas season just in case the terrorist would have an impact on u.s. -- so far they have virtually none. the only impact has been reelected almost $16 billion from china. but just in case they might have an impact on people, what we have done is delayed it until then. it wont be relevant for christmas shopping. >> that news greeted on wall street, dow jones industrial average closed by mor...

Billion consumer goods. that doubly hits his base in middle america, if you think about it, because we know farming is being adversely affected. thats why all the billions of dollars were collecting in tariffs are being socialized, are being pushed back to farmers right now. what comes next? this is what you have to think about. if we do have these consumer tariffs are there going to be tax cuts for individuals? do they need a bailout? does that come next? i think these are important issues to f...

Personal computers, toys. donald trump spoke about why the decision was made. >> just in case of the tariffs with an impact but so far they have had virtually. the only impact is weve collected $60 billion from china compliments of china but just in case they might have an impact, so they wont be relevant to christmas. >> that news was greeted warmly on wall street as the dow jones industrial average moved up by 370 points, companies like apple father stock prices rise. apple shares higher by 4%...

At the same time, they have to be careful about how much tax burden we put on american companies and consumers by the application of more and more tariffs. what his action and the trade rep action today said is simple message. were backing away a little. were going to take care of christmas. we think were going to be able to start moving forward with the chinese negotiations and were going to see the markets go up and thats good for everybody. thats what i think were watching. >> neil: tom, the ...

Rate cut. at least one from the frervel. so if you want to buy a home. mortgage rates below 4% very attractive. also there are expectations that we are going to get some sort of positive rhetoric. maybe even a u.s.-china trade deal g-20. ed: president was talking to reporters before he went to camp david to focus on iran. he brought up china. watch. this the dow suspect. looks like it could be 80-year high. the tariffs are obviously doing very well because we are taking in billions and billions ...

To be coming? much more on that, lauren. where do negotiations stand between the trump administration and mexico over the presidents demands here? >> there are some optimistic signs. from mexico, weve been hearing based on what theyve seen from the white house, they feel like a deal can be worked out. that sounds somewhat comforting to all of those business people and farmers and republicans, members of the presidents own party, who have been so concerned out there. and today the white house, on...

Circumstances. >> what do you think the answer is? >> i think we need to see a deal done. i would love to see it this summer. i dont see that happening in summer. at what point do you say national security, the interests of our country, thats enough? i think the president and our trade rep understand those negotiations. the president has asked those farmers to hang on just a little bit longer. it is hurting in the midwest. its hurting all over the country with the tariffs, but at the same time w...

Been giving running room despite the fact its hurting them economically. what is that? how much time does the president have? >> yeah. and that is difficult because every farmer will have different circumstances. >> what do you think the answer is? >> i think we need to see a deal done. i would love to see it this summer. i dont see that happening this summer. >> so, should he say enough? >> well, at what point do you say national security, the interest of our country, thats enough. i think the ...

Entire world is slowing. fedex earnings slumped more than 20% compared to last year. a host of problems. the trade war between u.s. and china needs tariffs and countertariffs. the moving brexit deadline has slowed trade. and worker shortages from the downside of a strong labor market. this paragraph in its earnings report set the stock down more than 5%. here we go, slowing international macro economic conditions and weaker global trade continue. the good news, u.s. domestic economy is strong. a...