Trump ready to put tariffs on $500B of Chinese imports, report

Jul 23, 2018, 01:14
Trump ready to put tariffs on $500B of Chinese imports, report

"If the election was today, and Hillary was on the ticket and Trump was on the ticket, I'd absolutely vote the same way", he tells CNBC.

"We're down a tremendous amount", Trump said in an interview about trade imbalances with China on CNBC broadcast on Friday. I don't really - I am not happy about it.

"If the administration continues forward with its misguided and reckless reliance on tariffs, I will work to advance trade legislation to curtail presidential trade authority", Hatch said.

The dollar index .DXY , a measure of its value against a basket of six major currencies, was on track to post its largest one-day loss in three weeks. "We have been ripped off by China for a long time", he said.

U.S. President Donald Trump on Friday dug in on his criticism of the Federal Reserve's policy on raising interest rates, saying it takes away from the United States' "big competitive edge", Reuters reports. USA stock prices briefly pared losses after Trump's comments on interest rates.

‘The Crown’: First Image Revealed Of Olivia Colman As Queen Elizabeth II
Olivia replaces the utterly brilliant Claire Foy as Lizzie, a role which bagged her a Golden Globe for the Netflix series in 2017. The Netflix series traces Elizabeth's journey from princess to queen and through the years of her reign, beginning in the 1950s.

The Fed has hiked interest rates twice this year and could jack the rate up twice more before year's end.

His remarks anxious investors already grappling with the impact of a strengthening dollar on corporate results, and key stock indexes on Wall Street dropped at the open on Friday.

"Now I'm just saying the same thing that I would have said as a private citizen", he said, according to CNBC. "I couldn't care less what they say, because my views haven't changed".

Trump nominated current Fed Chair Powell, who had served as a governor on the board of the US central bank, to serve at its helm after Janet Yellen's retirement in February.

Trump also said Fed Chairman Jerome Powell, whom he nominated, is "a very good man". Eventually Burns relented, aiding Nixon but also helping to feed runaway inflation that dogged the USA economy for almost a decade. "The economy has been on its strongest footing in some time". Governments and automakers are warning the move would come with dire consequences for the United States economy.

Trump Administration Seeks More Time to Reunite Families Separated at Border
They will need more time to collect DNA samples or other evidence from parents who have been released from government custody. It's been more than a week since they released a tally of how many kids from separated families remain in government custody.

The central bank's job is to keep prices stable, including raising interest rates to prevent the economy from overheating and inflation from rising.

"I am not pleased", said Carl Tannenbaum, a former Chicago Fed official and chief economist at Northern Trust.

Speaking to reporters on the sidelines of a Group of 20 meeting in Buenos Aires, Argentina, Mnuchin said he can't comment on why the US president made the comments but he doesn't think they were a mistake. "In light of the European Union and others saying they are ready to respond to tariffs on cars, the stakes are rising fast".

"It would be much easier for me", Trump continued.

"I'm not thrilled", he said. The Treasury, usually the lead spokesperson for the dollar, for years has stuck to the script that a strong dollar is good for the economy.

Trump accuses Democrats of ‘demeaning’ ICE border agents
In an interview with CNN's Chris Cuomo , Gillibrand said that ICE is no longer "working as intended". But they seemed an bad lot like disgruntled Hillary Clinton fans, mad that their candidate lost.

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