(Reuters) – Alibaba <BABA.N> Chairman Jack Ma said the company can no longer meet its promise to create 1 million jobs in the United States due to U.S.-China trade tensions, Chinese news agency Xinhua reported on Wednesday.
NEW YORK (Reuters) – A top economic adviser to President Donald Trump said on Monday he expects U.S. budget deficits of about 4 percent to 5 percent of the country’s economic output for the next one to two years, adding that there would likely be an effort in 2019 to cut spending on entitlement programs.
By Stephen Culp
NEW YORK (Reuters) – U.S. stock index futures extended losses in post-market trading late Monday after President Trump announced a new round of tariffs on about $200 billion worth of Chinese imports.
The production cuts come after the Trump administration's escalating trade disputes cut off U.S. access to ethanol markets in China, contributing to a domestic supply glut that has pushed biofuel prices to near their lowest in over a decade.
President Donald Trump has instructed aides to proceed with tariffs on about $200 billion more of Chinese products, a source familiar with the process said on Friday, adding that the timing is not yet clear.
In the 220 counties that flipped from voting for Democratic candidate Barack Obama in 2012 to Republican candidate Donald Trump in 2016, the average worker earned about $46,000 in the 12 months through March, up 1.9 percent from a year earlier. That compared with a 2.6 percent increase to around $56,000 for the country as a whole, according to a Reuters analysis of Labor Department data.
Senate Democratic Leader Chuck Schumer (D-NY) and Sen. Martin Heinrich (D-NM) introduced legislation that would require the Trump administration to release wage growth data with quarterly GDP numbers.
By Roberta Rampton and Jeff Mason
WASHINGTON (Reuters) – The United States and Mexico reached a deal on Monday to replace the North American Free Trade Agreement (NAFTA) and talks with Canada were expected to begin immediately in the hopes of reaching a final agreement by Friday, a senior U.S. trade official said.
If I had a dime for every time some pundit claimed Democrats didn't have a platform or some try-hard, Kool Kid commenter claimed Leader Nancy Pelosi didn't have a platform for the people, I'd be rich.
Because she does. It's even titled...
FOR THE PEOPLE.
By Ginger Gibson
WASHINGTON (Reuters) – President Donald Trump backed boycotting American motorcycle manufacturer Harley Davidson Inc
The AP blasted President Trump for “pulling numbers out of thin air when it comes to the economy, jobs and the deficit” in a fact check.
China is slapping additional tariffs of 25 percent on $16 billion worth of U.S. imports from fuel and steel products to autos and medical equipment, the Chinese commerce ministry said, as the world's largest economies escalated their trade dispute.
Mattress Firm Inc, the largest U.S. mattress retailer, is considering a potential bankruptcy filing as it seeks ways to get out of costly store leases and shut some of its 3,000 locations that are losing money, people familiar with the matter said.
Donald Trump and Republicans will try to slap their names all over the current economy, but they deserve zero credit for it.
The U.S. economy added a disappointing 157,000 jobs in July, and the unemployment rate fell to 3.9%. This is the slowest job growth in five years, as the numbers fell shot of expectations.
I'm not trying to talk down a strong economy, but facts still matter even if the president and his supporters don't think they do.
Trump's tariff on aluminum is projected to cost 20,000 Americans their jobs in beer-related industries and impose a beer tax each year.
Top Trump economic advisor Larry Kudlow admitted that there is no trade deal with the EU, only an agreement to agree on items that are still being discussed.
Trump is celebrating the GDP growth of 4.1%, but it isn't such a great achievement when Obama's economy had higher GDP growth in four separate quarters.
Republican Senator Bob Corker of Tennessee said "the Trump-Pence tariffs are hurting the American people" as they're now "offering welfare to farmers to solve a problem they themselves created."