HONG KONG — As China contends with an economic slowdown and a stock market slump, the authorities on Tuesday sharply devalued the country’s currency, the renminbi, a move that could raise geopolitical tensions and weigh on growth elsewhere. [Reposted from The New York Times | Neil Gough and Keith Bradsher | August 10, 2015] The…
Late Monday evening six US producers filed petitions for the imposition of antidumping and countervailing duties on hot-rolled coil imports from Australia, Brazil, Japan, The Republic of Korea, the Netherlands, Turkey and the UK. [by Michael Fitzgerald | August 11, 2015| Platts.com] According to a filing with the US Department of Commerce, the petitioners…
In this video, some members of the U.S. dairy industry talk about how the TPP will benefit U.S. Farmers. However, Joe Logan, President of the Ohio Farmers Union, is skeptical and begs to differ. Joe Logan is also the Co Chair of Agriculture on the Board of the Coalition for a Prosperous America.
China’s central bank has just devalued its currency. [Reposted from Business Insider | David Scutt | August 10, 2015] In a sign Beijing is anxious to make its exports more competitive as the nation’s economy slows, the People’s Bank of China set the yuan midpoint at 6.2298 against the US dollar, 1.85% weaker than Monday’s…
China devalued the yuan in a move that rippled through global markets, as policy makers stepped up efforts to support exporters and boost the role of market pricing in Asia’s largest economy. [Reposted from Bloomberg Business | August 11, 2015] The central bank cut its daily reference rate by 1.9 percent, triggering the yuan’s biggest…
The following is a news release from R-CALF USA. Brian O’Shaughnessy, CPA’s Co Chair for Manufacturing, is to speak at their 16th annual convention. [Reposted from KXLO-KLCM.com | August 6, 2015] R-CALF USA to host 16th annual convention in Denver: COOL, Argentinian and Brazilian imports to be highlights Billings, Mont. – R-CALF USA, the nation’s largest…
An earlier protest against the Trans-Pacific Partnership (James Robins) Papers have been filed in the High Court in Wellington, seeking an urgent judicial review of the secrecy surrounding the Trans Pacific Partnership trade deal. [Reposted from ZB Newstalk | Newstalk ZB Staff | August 5, 2015] TPP opponent Professor Jane Kelsey is bringing the legal…
US Trade Representative Michael Froman says after a week of intense talks, they have made considerable progress toward reaching a major trade deal, but have not reached a full and final agreement. [Reposted from NB Newstalk | Newstalk ZB Staff | August 1, 2015] He told a media conference negotiators will continue their intensive talks…
I had a conversation over the weekend about the Trans-Pacific Partnership (TPP). She’s for it, because “more trade is always good.” [Reposted from the Campaign for America’s Future blog | Dave Johnson | August 5, 2015] TPP covers a whole lot more than what we would think of as “trade.” Regardless, let’s look here at…
The U.S. Census Bureau reported Wednesday that the June goods and services trade deficit was an enormous, humongous $43.8 billion. This is an increase from May’s enormous, humongous $40.9 billion trade deficit. [Reposted from the Campaign for America’s Future blog | Dave Johnson | August 5, 2015] The monthly U.S. goods deficit with China fell…
