The G20 was a temporary truce, not the end of Trump’s trade war December 4, 2018 It would be easy to see last weekend’s G20 meeting as heralding a thaw in the US-China trade war. But sadly, it hasn’t. There are some positives. It looks increasingly likely that the US will not put in place a fresh 10-25 per cent tariff hike in January on $250bn of Chinese exports, as most had [...]
Trump tweets after Xi Jinping meeting give global stock markets boost December 3, 2018 Donald Trump and Xi Jinping have agreed a 90-day respite from from the two countries’ spat over trade tariffs, causing Wall Street to jump as it opened and giving global stock markets a shot in the arm overnight. In customary fashion, Trump took to Twitter after a two-and-a-half hour dinner between the Chinese and US [...]
DEBATE: Do Jerome Powell’s recent comments suggest that Trump is influencing the Fed’s policy? December 3, 2018 Do Jerome Powell’s recent comments suggest that Trump is influencing the Fed’s policy? YES, says Andy Scott, an associate director at JCRA. Since Powell assumed the role from Janet Yellen in February, the US labour market has continued to strengthen, and the economy has grown at the fastest pace in four years. As a result, Powell’s [...]
Trump says China has agreed to cut tariffs on US cars as trade thaw continues December 3, 2018 US President Donald Trump said early this morning that China has agreed to lift its tariffs on US cars. Trump tweeted: https://twitter.com/realDonaldTrump/status/1069441198157455360 Trump said current Chinese tariffs on US cars were 40 per cent, but he did not say how much he expected them to fall. There has been no confirmation from China at this [...]
British tax burden at 50-year high, according to TaxPayers’ Alliance December 2, 2018 The TaxPayers’ Alliance campaign group has called for lower taxes as ‘poorest’ families struggle with current levels. The TPA, linked to the Atlas Network of free market advocates, said the UK’s tax take was at a 50-year high of 34.6 per cent of GDP. National current receipts are at a 21-year high as a proportion [...]
Trump cancels new tariffs as China pledges to reduce trade gap December 2, 2018 US president Donald Trump has scrapped plans to increase tariffs on Chinese goods, in an announcement that sees the year-long US-China trade war cool considerably. The White House announced it would hold fire on raising tariffs on $200bn (£156bn) worth of goods from China. They had been scheduled to increase to 25 per cent from 1 [...]
US, Mexico and Canada sign new trade deal November 30, 2018 The US, Mexico and Canada today signed a new deal governing the more than one trillion dollars (£780bn) worth of trade between the three countries. US President Donald Trump, Canada’s Prime Minister Justin Trudeau and Mexico’s President Enrique Pena Nieto signed the deal known as the United States-Mexico-Canada Agreement today in Argentina at the start [...]
Trump lawyer admits lying to Congress over president’s Russian affairs November 29, 2018 The former lawyer of US President Donald Trump has admitted he lied to Congress amid an investigation into Russia’s role in the 2016 election. Michael Cohen, who served as then-businessman Trump’s personal lawyer for several years, pleaded guilty following charges filed by special counsel Robert Mueller last night. Cohen said that he had included false [...]
Trump cancels meeting with Putin over Ukraine crisis November 29, 2018 US President Donald Trump has cancelled a meeting with Russian leader Vladmir Putin after the Russian navy seized two Ukranian vessels. The leaders were due to meet at the G20 in Argentina over the weekend, and the meeting was confirmed earlier today by the Kremlin. However, this afternoon Trump cancelled the meeting, citing Russian aggression [...]
Theresa May tells Trump the UK can sign trade deals under her Brexit plan November 27, 2018 Theresa May has hit back at claims from Donald Trump her Brexit agreement prevents a new trade deal between the UK and US. Speaking in the garden of the White House on Monday, the US president cast doubt on the UK’s ability to have an independent trade policy after Brexit under the terms of May's deal. [...]