Trade War

‘Nobody is disrupting world trade more than Trump and the US,’ Professor Wolff tells Boom Bust

US President Donald Trump complained this week at the World Economic Forum in Davos that the United States has not been “treated fairly” by the World Trade Organization (WTO). Professor Richard Wolff joins Boom Bust to discuss Trump’s comments, and what may be in store for Transatlantic relations.

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German Defence Minister Confirms Reports of Trump’s Threats to Slap EU With Higher Tariffs Over Iran

Three European signatories to the Joint Comprehensive Plan of Action, also known as Iran nuclear deal, initiated the accord’s dispute mechanism on 14 January thus threatening to put an end to the agreement’s existence following the US withdrawal from it in 2018. German Defence Minister and head of a governing coalition party, the CDU, Annegret […]

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Trump’s tariffs hurt more than helped, leading to job losses & higher prices – Fed study

US tariffs meant to boost the US economy by eliminating “unfair” trade practices, primarily by China, actually took a toll on manufacturing sector jobs and hiked prices, a study by the US Federal Reserve Board has concluded. The Fed has become the latest body to stress the damaging consequences of “unprecedented” punitive tariffs unleashed by […]

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Can Boeing be trusted ever again? RT’s Boom Bust explores  🎞️

Very ‘disturbing’ documents have been submitted to the Federal Aviation Administration by Boeing on the same day the company fired its CEO Dennis Muilenburg. They contained a new batch of messages between Boeing employees on the development of the troubled 737 MAX, showing concerns about the aircraft.

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WTO Allows China to Impose Retaliatory Measures Worth $3.6 Bln Against US

This comes amid US President Trump’s announcement that the signing site of the ‘phase one’ trade deal with China would be announced ‘soon’. A World Trade Organization’s arbitrator ruled Friday that China could impose $3.6 billion worth of tariffs on US goods over its unfair anti-dumping practices.

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EU ‘Regrets’ Record US Tariffs Over Airbus, Sees no Other Way but to Retaliate – Trade Chief

The statement comes in response to the imposition of tariffs by the United States on a record $7.5 billion worth of EU goods, after the WTO ruled that EU nations gave illegal state aid to Airbus.

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Chinese Negotiators Cancel Earlier Planned Trip to US Farms, Leaving Washington Early

Chinese trade negotiators suddenly changed their plans on Friday, cancelling a visit to meet US farmers after they wrapped up trade talks in Washington this week. The Chinese delegation has changed its travel schedule heading back to China earlier than planned, according to Nicole Rolf, the Montana Farm Bureau Federation’s director of national affairs.

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Brace for higher prices: New round of US-China tariffs comes into force

The trade war between the world’s two largest economies entered a new phase on Sunday, as US tariffs targeting Chinese-made products and Beijing’s retaliatory hikes on American imports both kick in.

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All Fair in Trade War? White House Aides Claim Trump Faked Phone Call with China – Report

It is alleged that the phone call, in which Chinese officials invited their US counterparts to resume trade talks, didn’t happen the way Donald Trump described it did. The POTUS has yet to comment on the speculation.

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Dow Jones tanks 600+ points as Trump trades barbs with Beijing and the Federal Reserve

The Dow Jones saw a steep drop of 700 points after a threat from Beijing to slap new tariffs on billions of dollars in American goods, and a harsh response from US President Donald Trump, but picked up before ending 621 down.

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Full-on trade war: Trump jacks up tariffs on $550bn of Chinese goods, blasts ‘unfair’ response

US President Donald Trump has announced yet another major hike of existing and future tariffs on some $550 billion in Chinese goods, criticizing Beijing’s attempt to offset the losses as ‘unfair’ and ‘politically motivated.’

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Higher tariffs & currency devaluation don’t solve trade disputes, IMF warns US & China

The International Monetary Fund (IMF) has warned trade war rivals, China and the US, that hiking tariffs only harms both domestic and global growth. The IMF also noted that manipulating exchange rates also doesn’t work.

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Trump bribing American farmers with taxpayer money to fix trade war damage – Prof. Richard Wolff

US President Donald Trump is essentially buying votes with money from American taxpayers after his aggressive tariff policy on China boomeranged on US farmers, Professor Richard Wolff has told RT. To compensate for lost crop sales to China, the Trump administration announced aid for farmers, expected to total $28 billion.

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Moscow Ready to Grab US Markets in China as Chinese-US Trade Spat Intensifies

Beijing has blasted US President Donald Trump’s claims that China is a “currency manipulator,” and promised to halt the import of US agricultural goods after the White House announced plans to slap 10 percent tariffs on $300 billion of Chinese imports from September.

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‘Gambler Trump plays poker while China plays chess’, thinking a few moves ahead

The Trump administration is putting the US on a dangerous course by not assessing the long-term risks in the ongoing trade war with China, analysts told RT as tensions flare between the world’s biggest economies.

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