By Ken Martin Published September 24, 2018 Politics FOXBusiness Facebook Twitter Comments Print article ( Chinatopix via AP ) The United States and China continue to impose new tit-for-tat tariffs against each other's goods. Continue Reading Below The latest escalation in a heated trade war between the world's two The administration will levy tariffs of 10 percent on the $200 billion of Chinese products, with the tariffs to go up to 25 percent by the end of 2018. Beijing's new levies will be 5-10 percent. The two countries already exchanged tariffs on $50 billion worth of each other's goods earlier this year. Though a senior White House official last week said the United States will continue to engage China for a "positive way forward," neither side has signaled willingness to compromise, according to Reuters. No date have been set for the next round of talks. Advertisement The Wall Street Journal reported China has canceled upcoming … [Read more...] about New US, China tariffs take effect to start the week
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Sections SEARCH Skip to content Skip to site index Politics Subscribe Log In Subscribe Log In Today’s Paper Advertisement Supported by ByJim Tankersley Sept. 17, 2018 President Trump boasted about the power of taxing imports on Monday morning and warned that countries that do not agree to his trade demands will be “tariffed,” escalating tensions as crucial negotiations loom with China and Canada. In a pair of tweets, Mr. Trump continued to make the case that tariffs largely harm the countries that are taxed, saying the impact on the American economy has been “almost unnoticeable.” His comments are likely to further rattle American businesses, which have pleaded with the administration to abandon the tariffs and warned they will raise prices, cost jobs and hurt the United States economy. Mr. Trump is not expected to relent. He is expected to announce this week that the United States will impose … [Read more...] about Trump Ratchets Up Tariff Talk as Key Week Looms for Trade
0 Have your say Nicola Sturgeon has paid tribute to the Nobel prize-winning Scottish economist Sir James Mirrlees after his death. Sir James, who was born in the small town of Minnigaff in Dumfries and Galloway, went on to teach economics at both Oxford and Cambridge universities.The 82-year-old, who jointly won the Nobel prize in economic sciences in 1996, will be remembered for his “great intellect” and “wonderfully dry sense of humour”, the Scottish First Minister said.READ MORE: Tories deny reports Ruth Davidson ‘may move to Westminster’Ms Sturgeon also told how Sir James, who studied at Edinburgh University, was also proud of his Scottish heritage.Scottish Deputy First Minister and former finance secretary John Swinney described him as a “wise, gentle and deeply thoughtful man”.Sir James won his Nobel prize for work on how to devise an optimal income tax regime, balancing both efficiency and equity, sharing the … [Read more...] about Nobel Prize-winning Scottish economist Sir James Mirrlees dies
Josh Boak and Christopher Rugaber AP Economics Writers Published 1:32 p.m. UTC Aug 17, 2018 Washington – Is the latest pickup in U.S. economic growth destined to slow in the years ahead as most analysts say? Or, as the Trump administration insists, is the economy on the cusp of an explosive boom that will reward Americans and defy those expectations? On Thursday, President Donald Trump’s chief economic adviser made his case for the boom. Calling mainstream predictions “pure nonsense,” Larry Kudlow declared that the expansion – already the second-longest on record – is merely in its “early innings.” “The single biggest event, be it political or otherwise, this year is an economic boom that most people thought would be impossible to generate,” Kudlow said at a Cabinet meeting, speaking at the president’s request and looking directly at him. “Not a rise. Not a blip.” “People may disagree with … [Read more...] about Where White House touts a boom, economists see a blip
Joel Achenbach, The Washington Post Published 10:37 am PDT, Wednesday, August 8, 2018 Scientists are pondering what might be called the volcanic solution to global warming. It would be the ultimate desperate measure, a climatological Hail Mary, and possibly a very bad idea. The only reason it's an actual subject of research is that human civilization has failed to take steps to stave off dangerous levels of climate change. In 1991, Mount Pinatubo erupted in spectacular fashion. The ash fall and lahars killed hundreds of people in the central Luzon region of the Philippines. Molten-hot ash and gas shot into the upper atmosphere, spread out across the globe, reflected sunlight and naturally cooled the planet for more than a year. Engineers say the same principle - injecting reflective particles into the atmosphere - could be used to counteract global warming. People can't command volcanoes to erupt, but they can more or less mimic the effects of a volcano through … [Read more...] about This climate change hack would reflect more sunlight. Not such a bright idea, study says.