Links for International News of the Day

Links for International News of the Day

We hope the Links for International News of the Day will help you stay abreast of happenings in the broader world that may affect your corner of it. Afghanistan To start Afghan withdrawal, U.S. would pull 5,400 troops in 135 days. New York Times. A blast hit Kabul after the briefing on U.S.-Taliban deal to … Read more

America = Free Trade, Let’s Lead

The United States is not doing enough to promote free trade. Lately we have been an initiator of trade barriers. That has been true over the last two years. Reduction and elimination of trade barriers around the world should be our goal. Barriers to trade Imposing barriers on billions of dollars’ worth of imports creates … Read more

The purpose of history is to be the glue of a nation's society.

International monetary policy going for gold

The following article appears at American Thinker. It was written by Nathan Williamson, August 2, 2019. It is interesting because it describes the situation surrounding the U.S. dollar, debt and trade. Read it to understand what some of our not so friendly creditors are saying and doing. https://www.americanthinker.com/blog/2019/08/international_monetary_policy_going_for_gold_.html Recently, the gold standard has received some … Read more

Being Outed As A Conservative

What causing political change? In America today the political landscape is shifting. That is the natural result of polarization. The underlying truth is that over the last few decades a billion people worldwide have lifted themselves out of poverty. This happened because capitalism was deployed with globalization of markets. The greatest benefits accrued in China … Read more

Donald Trump Is Winning the Trade War With China

Donald Trump is winning the trade war with China. That’s what they are saying. Who? Who is saying that? What crazy “right-wing mouthpiece” is peddling that blather? Munich-based EocnPol Europe, that’s who. In a paper titled ‘Who is Paying for the Trade War with China,’ they report that it’s not Americans. It is Chinese Exporters who are … Read more

In Other News: Trump Secures New Trade Deal With Mexico and Canada

While everyone has been distracted by the circus in the Senate, the president has been doing what he said he’d do. Getting better deals for America with our Trading partners. President Donald Trump on Monday hailed the 11th-hour trade deal struck between the United States, Mexico, and Canada to replace the quarter-century old NAFTA accord, … Read more

US Oil Exports Increase 80% in 2018 – “Fuel” Job Growth and Economic Recovery

bakken-oil-rig-north-dakota-continental-resources
Bakken Oil Rig – North Dakota

Mr. Obama did a little dance the other day repeating the Trump Derangement Syndrome Narratives while taking credit for the Republican’s Economic recovery. Does that mean that Barry is laying claim to this economic boon?

U.S. crude oil exports saw an 80 percent increase in the first half of 2018 compared to the same period last year, according to the latest data and analysis issued Thursday by the Energy Information Administration.

That’s an increase of 787,000 barrels per day, to set a new monthly record in June of 2.2 million barrels on average per day.

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Underreported story of the week: American-Mexican bilateral trade deal

“…Both the U.S. and Mexico have removed trade barriers, eliminated tariffs and subsidies…”

My, my – it looks like the use of tariffs as an economic tool (when wielded correctly) is actually having a positive result.  As a Free Trader, if nationally based and anti-free trade tariffs and subsidies are eliminated, this can only be a good thing! Conservative Treehouse has a good synopsis of the intent and result of this decision announced earlier this week on the re-negotiation of the Mexican part of the NAFTA treaty – and note the note about Canada’s unwillingness (emphasis mine):

Under the original 1993 terms and Chapter 22 of the Implementation Act, Lighthizer notifies congress that trade parties have modified the terms; this is the Section 2202 notification of modification. Ninety days after the date of the notification the U.S. and Mexico can sign the new terms of agreement; congressional approval is not required. [Canada can still join the U.S-Mexico agreement but they need to act fast.]

If Canada refuses to join the agreement Lighthizer will follow-up the 2202 modification notification with a Section 2205 notice dissolving the U.S. from the 1993 agreement with Canada; the dissolution is official six months from the date of notification. During the 6 month period, before official dissolution, the U.S. and Canada can enter into new negotiations for a separate bilateral trade agreement.

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Did Trump Just Get Mexico to Pay for ‘The Wall’?

Donald Trump’s recent trade reform with Mexico scraps NAFTA and replaces with it something much more beneficial to the United States. It does a lot to level the playing field and while the Unions want to see the final language before they sing its praises initial rumors suggest they are pleased.

The trade reforms will be a boon to auto and auto parts manufacturers and encourage more manufacturing in the United States, not just for the car business. A shift that could result in a lot more jobs, more work, and yes – more tax revenue.

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A View of Trump From China

The Fiscal Times (FT) is no right-wing rag. They are as incorporated into the globalist world culture (and its narratives) as anyone. So this piece on how China views Mr. Trump and his choices is enlightening.

Donald Trump is leading a double life. In the west, most foreign policy experts see him as reckless, unpredictable and self-defeating. But though many in Asia dislike him as much as the Europeans do, they see him as a more substantial figure. I have just spent a week in Beijing talking to officials and intellectuals, many of whom are awed by his skill as a strategist and tactician.

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