Ron Kirk, former U.S. trade representative, and James Pethokoukis, American Enterprise Institute, joins the 'Squawk on the Street' team to discuss if the U.S.-Canada trade talks could result in a deal on Friday.
Views: 1087 CNBC Television
What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1042257 CrashCourse
Learn about the new North American agreement, the United States-Mexico-Canada Agreement (USMCA). What changes were made? How does it benefit each country involved? What can we expect from it? When will it be enforced? Join us during a question/answer forum with the President of NASCO, International Trade Law Attorney from Dickinson-Wright LLP, and President of Scarbrough International, Ltd. Submit questions by emailing [email protected] or visit www.scarbrough-intl.com
Views: 37 Scarbrough International
Major trading partners. Top 5 exporting partners. Top 5 Importing partners. Top 5 exportable commodities. Top 5 importable commodities. India's GDP growth since 2014
Views: 24881 CHANAKYA group of Economics
The Trump administration has repeatedly complained about China’s $375 billion trade surplus with the United States, but what does the US actually import for China and how will tariffs affect American Consumers? We wanted to find out more, so today we are talking about the top 5 product groups and some of the top products the US imports from China.
Views: 10775 China Matters
This map shows each countries major trade partner. The European Union, China and the United States are the key import sources worldwide. Other important trade partners are Japan, Russia, or Brazil. What do you think makes some countries or regions more successful or important as trading partners as other countries? Picture by Kransky
Views: 647 Joe Hammer
America is the world's biggest economy. Which country could be America's biggest trading partner?These figures shown in this video are the sum of exports and imports. if you want to see world's GDP ranking, click this link: https://www.youtube.com/watch?v=QzJAUp0j8xA if you like our video ,please subscribe us https://www.youtube.com/channel/UCvlZ7hNG-azSk6T6IA0wyKA?sub_confirmation=1
Views: 18 CrazyRanking Production
Rufus Yerxa, National Foreign Trade Council president, joins 'Squawk Box' to discuss consequences from the U.S.-China and U.S.-Canada trade wars.
Views: 3011 CNBC Television
As major trading partners and the successive hosts of the G20 summit, China and Germany have been working closely together on every front. This is also the message shared by Chinese Premier Li Keqiang during his most recent visit to the European country. But issues such as China's market economy status, alleged steel dumping and the arms embargo still top the list of differences between China and Germany. How to sort these differences out is critical for both sides. In this episode, Dialogue hosted a TV debate, co-produced by China Global Television Network (CGTN) and Germany’s largest public TV station ARD, to discuss the sticking points between the two countries. Guest speakers from both countries sat down for a genuine dialogue in Berlin about mutual interests and differences. Subscribe to us on YouTube: https://goo.gl/lP12gA Watch CGTN Live: https://www.youtube.com/watch?v=L2-Aq7f_BwE Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/ChinaGlobalTVNetwork/ Instagram: https://www.instagram.com/cgtn/?hl=zh-cn Twitter: https://twitter.com/CGTNOfficial Pinterest: https://www.pinterest.com/CGTNOfficial/ Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 21402 CGTN
Foreign trade of the United States comprises the international imports and exports of the United States, one of the world's most significant economic markets. The country is among the top three global importers and exporters. The regulation of trade is constitutionally vested in the United States Congress. After the Great Depression, the country emerged as among the most significant global trade policy-makers, and it is now a partner to a number of international trade agreements, including the General Agreement on Tariffs and Trade (GATT) and the International Trade Organization (ITO). Gross U.S. assets held by foreigners were $16.3 trillion as of the end of 2006 (over 100% of GDP). United States trade policy has varied widely through various American historical and industrial periods. As a major developed nation, the U.S. has relied heavily on the import of raw materials and the export of finished goods. Because of the significance for American economy and industry, much weight has been placed on trade policy by elected officials and business leaders. The 1920s marked a decade of economic growth in the United States following a Classical supply side policy. U.S. President Warren Harding signed the Emergency Tariff of 1921 and the Fordney--McCumber Tariff of 1922. Harding's policies reduced taxes and protected U.S. business and agriculture. Following the Great Depression and World War II, the United Nations Monetary and Financial Conference brought the Bretton Woods currency agreement followed by the economy of the 1950s and 1960s. In 1971, President Richard Nixon ended U.S. ties to Bretton Woods, leaving the U.S. with a floating fiat currency. The stagflation of the 1970s saw a U.S. economy characterized by slower GDP growth. In 1988, the United States ranked first in the world in the Economist Intelligence Unit "quality of life index" and third in the Economic Freedom of the World Index. Over the long run, nations with trade surpluses tend also to have a savings surplus. The U.S. generally has developed lower savings rates than its trading partners, which have tended to have trade surpluses. Germany, France, Japan, and Canada have maintained higher savings rates than the U.S. over the long run. Some economists believe that GDP and employment can be dragged down by an over-large deficit over the long run. Others believe that trade deficits are good for the economy. The opportunity cost of a forgone tax base may outweigh perceived gains, especially where artificial currency pegs and manipulations are present to distort trade. In 2006, the primary economic concerns focused on: high national debt ($9 trillion), high non-bank corporate debt ($9 trillion), high mortgage debt ($9 trillion), high financial institution debt ($12 trillion), high unfunded Medicare liability ($30 trillion), high unfunded Social Security liability ($12 trillion), high external debt (amount owed to foreign lenders) and a serious deterioration in the United States net international investment position (NIIP) (-24% of GDP), high trade deficits, and a rise in illegal immigration. These issues have raised concerns among economists and unfunded liabilities were mentioned as a serious problem facing the United States in the President's 2006 State of the Union address. On June 26, 2009, Jeff Immelt, the CEO of General Electric, called for the U.S. to increase its manufacturing base employment to 20% of the workforce, commenting that the U.S. has outsourced too much in some areas and can no longer rely on the financial sector and consumer spending to drive demand. In 1985, the U.S.had just began a growing trade deficit with China. During the 1990s, U.S. trade deficit became a more excessive long-run trade deficit, mostly with Asia. By 2012, the U.S. trade deficit, fiscal budget deficit, and federal debt increased to record or near record levels following accompanying decades of the implementation of broad unconditional or unilateral U.S. free trade policies and formal trade agreements. The US last had a trade surplus in 1975. However, recessions may cause short-run anomalies to rising trade deficits. The balance of trade in the United States has been a concern among economists and business people. Warren Buffett, founder of Berkshire Hathaway, was quoted in the Associated Press (January 20, 2006) as saying "The U.S trade deficit is a bigger threat to the domestic economy than either the federal budget deficit or consumer debt and could lead to political turmoil... Right now, the rest of the world owns $3 trillion more of us than we own of them." http://en.wikipedia.org/wiki/Trade_policy_of_the_United_States
Views: 1933 The Film Archives
(25 Jan 2019) President Trump criticized US trading partners during a White House meeting on Thursday. He was discussing the United States Reciprocal Trade Act, which would put the same tariffs on other nations that those nations place on U.S. products. (Jan. 25) Subscribe for more Breaking News: http://smarturl.it/AssociatedPress Website: https://apnews.com Twitter: https://twitter.com/AP Facebook: https://facebook.com/APNews Google+: https://plus.google.com/115892241801867723374 Instagram: https://www.instagram.com/APNews/ You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/1d5eaf425780ad344d37d6bc81fc2d44
Views: 807 Associated Press
China's slowing economy and President Trump facing re-election in 2020 seem to point toward the two largest economies making a modest compromise on trade. But the trade deal itself is just a part of the larger geopolitical tug of war between the United States and China's Xi Jinping. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC How The U.S. And China Are Fighting For Global Power
Views: 403707 CNBC
The world is no longer interested in the US economy. Cenk Uygur and Ana Kasparian, hosts of The Young Turks, break it down. To get even more TYT in your life, go to https://TYT.com/app and download our free app! Read more here: https://www.rawstory.com/2018/06/us-trade-partners-fed-trumps-games-looking-cut-deals-allies/ "As the U.S. attempt to negotiate new deals for trade, Donald Trump’s brutish negotiation style has led our closest allies to try to cut deals anywhere and everywhere except with Trump, a former United States trade representative wrote in the New York Times. The euphemism that policymakers are using is “diversification,” but by diversifying them chiefly mean avoiding the world’ largest market. “Diversification is the polite way of saying that America’s friends and allies believe we have become an unreliable partner,” the Times says. Our trade partners are “fed up,” and have “given up on trying to charm President Trump or persuade him that free trade is good.” “South Korea became so frustrated as it renegotiated its six-year-old trade agreement with the United States in the spring that it became determined to turn elsewhere,” the Times writes. “South Korea’s trade minister started a ‘trade diversification’ strategy soon after the agreement was announced.” Among the examples, when the U.S. pulled out of a trade deal with Canada they cut a deal with New Zealand. “These moves are a direct response to the Trump administration’s unreliability and unpredictability, and they are a clear sign that the administration’s trade policy priorities — renegotiating deals and punishing violations — are not working out as expected,” the Times writes. Mutual dislike of Trump is even uniting old rivals like Mexico and China, which long competed for global industry. Now, Mexico’s trade minister has visited China to look at how they can exert “strategic leverage,” to look at “alternatives” to the United States. The United States will always be a major player, but the world is moving on, the Times writes." Hosts: Cenk Uygur, Ana Kasparian Cast: Cenk Uygur, Ana Kasparian *** The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 6-8pm ET. http://www.tytnetwork.com/live Subscribe to The Young Turks on YouTube: http://www.youtube.com/subscription_center?add_user=theyoungturks Like The Young Turks on Facebook: http://facebook.com/theyoungturks Follow The Young Turks on Twitter: http://twitter.com/theyoungturks Buy TYT Merch: http://www.shoptyt.com Download audio and video of the full two hour show on-demand + the members-only post game show by becoming a member at http://www.tytnetwork.com/join/. Your membership supports the day to day operations and is vital for our continued success and growth. Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
Views: 184007 The Young Turks
The U.S. trade deficit jumped to its highest level in 10 years, according to a U.S. Department of Commerce report on Wednesday. Despite President Donald Trump’s repeated promise to shrink trade deficits, it leaped by 12.2% to $621 billion in 2018, after hitting a record high during his first year in office. Although the strengthening dollar and slowing economic growth in some regions contribute to the widening deficits, the record number may also partly be the president's own making— thanks to the trade tension he started with major trading partners including China and the Tax Cuts and Jobs Act passed in 2017. The real goods deficit in December reached $91.6 billion — its highest level since 1994. The recent widening in the deficit has been driven in part by weakening exports, according to Daniel Silver, an economist at JPMorgan. Nominal goods exports to China tanked by 33% year-over-year in December, likely as a result of China’s retaliatory tariffs on U.S. goods. The U.S. and China have been going through months of tough negotiations, during which Trump vowed to reduce the trade deficit between the world’s two largest economies. It’s reported that both sides are close to reaching a deal that could include China’s purchase of more than $100 billion worth of U.S. goods every year, including agricultural and energy products. The tax cuts may also contribute to the jump in trade deficit. Derek Scissors, resident scholar at American Enterprise Institute calculates the tax cuts could boost the trade deficit by $200 billion. For more on the trade deficit click: https://finance.yahoo.com/news/how-trump-is-fueling-the-trade-deficit-he-hates-to-a-10-yearhigh-170224831.html Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Connect with Yahoo Finance: Get the latest news: https://yhoo.it/2fGu5Bb Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Views: 2101 Yahoo Finance
트럼프 관세폭탄에 전세계 발칵…무역전쟁 일촉즉발 Countries hit by Washington's plans to impose tariffs on steel and aluminum imports have expressed regret over the decision. Some, even threaten of possible retaliatory measures. Kim Mok-yeon sheds light on the possible prelude to trade wars. Earlier on Thursday, U.S. President Trump made an announcement that shocked America's trading partners around the globe, stating that Washington plans to officially impose tariffs on steel and aluminum imports to the U.S. by next week. "It'll be 25 percent for steel. It'll be 10 percent for aluminum. And it'll be for a long period of time. ... We'll be signing it in and you will have protection for the first time in a long while. And you've got to re-grow your industries." President Trump said the move is aimed at propping up U.S. industry and creating jobs for American workers. Following the announcement, Washington's major trading partners reacted angrily. China's foreign ministry criticized the notice, calling it "unreasonable and excessive", adding that Beijing will take necessary measures to safeguard its legitimate rights and interests. Canada, the European Union and the United Kingdom said that they will bring forward their own countermeasures, while Mexico and Brazil even said they will respond through retaliatory steps. The Korean government remained guarded over its next move. Some say this is because steel and aluminum only make up a small portion of Korea's exports to the world's largest economy. "Most Korean manufacturers are selling to countries other than United States, what we're selling to U.S. are more specialized steel that you can't get much in the U.S., So all the damage that we are going to get has been hit already." Others say this could just signal the beginning of Trump's controls on trade, which could spread to other industries. "The impact for Korea's steel industry might not be as big, but the implication is that the U.S. can control regulations on trade, not just on steel and aluminum but also in other areas such as automobiles parts, semiconductors and electronic products so implications are pretty immense." Korea's Ministry of Trade, Industry and Energy said it's currently looking into the situation, especially the background and motive behind Trump's latest tariff plan. However, until President Trump's decision is made final next week, the ministry said it will keep reaching out to the U.S. government,... and look for ways to minimize the impact. Kim Mok-yeon, Arirang News. Arirang News Facebook: http://www.facebook.com/arirangtvnews ------------------------------------------------------------ [Subscribe Arirang Official YouTube] ARIRANG TV: http://www.youtube.com/arirang ARIRANG RADIO: http://www.youtube.com/Music180Arirang ARIRANG NEWS: http://www.youtube.com/arirangnews ARIRANG K-POP: http://www.youtube.com/arirangworld ARIRANG ISSUE: http://www.youtube.com/arirangtoday ARIRANG CULTURE: http://www.youtube.com/arirangkorean ------------------------------------------------------------ [Visit Arirang TV Official Pages] Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld Homepage: http://www.arirang.com ------------------------------------------------------------ [Arirang K-Pop] YouTube: http://www.youtube.com/arirangworld Facebook: http://www.facebook.com/arirangkpop Google+: http://plus.google.com/+arirangworld
Views: 379 ARIRANG NEWS
For more data visit: www.trademap.org According to ITC's Trade Map (www.trademap.org), the European Union as a whole is by far the biggest exporter of steel. In 2016, it exported $109 billion worth of steel, which was its lowest output since 2009. While this confirms a global trend that semi-finished steel. the EU is responsible for 42% the world's exports. Within the EU, Germany , Italy and the Netherlands led the pack. Interestingly, many smaller EU nations such as Malta, Slovenia, Lithuania have enjoyed positive export growth in the semi-finished steel sector. Despite its biggest drop in value since 2011, China remained second, exporting $51.8 billion worth of steel in 2016. China's main markets for semi-finished steel are the US (17.3%), Japan (5.8%), South Korea (5%), Australia (3.1%) and Germany (2.8%). China's concentration of importing countries is low; this means, their trading partners are well diversified. The US is the third-biggest exporter of steel at $17.4 billion, followed by South Korea at $11.1 billion and Japan at $9.4 billion. The EU was also the world's biggest importer of steel in 2016. In fact, it increased its imports from the previous year by $1.2 billion, reaching $92.4 billion. Second came the US, which imported $33.5 billion worth of steel in 2016. However, we already know that this increased to $39.1 billion last year. China, at third, imported 'only' $9.5 billion worth of steel in 2016, followed by Mexico at $8.7 billion and Canada at $8.4 billion. USA's main suppliers for semi-finished steel are China (33.7% market share), Mexico (11.9%), Canada (10.3%), Chinese Tapei (7.1%) and Japan (5.55). US's concentration of suppliers is very high, this means their imports mainly came from only a few countries. China alone is accounted for 33.7% of the US steel imports. Top 5 exporters of steel (2016) 1) European Union: $109 billion 2) China: $51.8 billion 3) USA: $17.4 billion 4) South Korea: $11.1 billion 5) Japan: $9.4 billion Top 5 importers of steel (2016) 1) European Union: $92.4 billion 2) USA: $33.5 billion 3) China: $9.5 billion 4) Mexico: $8.7 billion 5) Canada: $8.4 billion
Views: 153 ITC Trade and Market Intelligence
Our neighbor to the north, Canada has many promising business opportunities for U.S. businesses looking to export. Thanks to the North American Free Trade Agreement, duties on most products exported to Canada are zero. Ecommerce is a great way to sell directly to Canadian consumers and retailers. A U.S. Commercial Service export agent can help you identify Canadian distributors or partners and get you on your way to doing business in Canada. Watch the Export Destinations video to get a better taste of what business opportunities lie in Canada. For more: https://www.export.gov/article?id=Canada-Market-Overview October 23, 2017
Views: 5114 International Trade Administration
After the trump administration's success in signing a new NAFTA, there is little prospect for US-China to restart as tension escalates between the trading partners. RT America’s Sara Montes De Oca reports. Economist Richard Wolff joins RT America’s Scottie Nell Hughes for analysis. Find RT America in your area: http://rt.com/where-to-watch/ Or watch us online: http://rt.com/on-air/rt-america-air/ Like us on Facebook http://www.facebook.com/RTAmerica Follow us on Twitter http://twitter.com/RT_America
Views: 89095 RT America
The Trump administration blames its trade deficit with major trading partners, including China, for its domestic economic woes and job losses. Experts say trade protectionist measures will not help the U.S. balance its trade deficit.
Views: 246 New China TV
The euro-dollar pair is trading with bearish bias today despite a significant decline in demand for the American currency. The most popular currency pair retreated from the level of 1.1640. Experts say that yesterday’s ADP jobs report from the United States changed the sentiment of European traders. Now investors are waiting for publication of the official data from the US Department of Labor. Meanwhile, Germany released the industrial production report that disappointed investors greatly. The manufacturing output in the European biggest economy declined by 1.1% in July. Experts, who monitor macroeconomic statistics from the Eurozone, expected an increase of 0.2%.Furthermore, the trade statistics from Germany was also downbeat. The trade surplus decreased to 15 billion 300 million euros. The exports volume dropped by 0.9% while imports grew by 2.8%. After tariffs on exports to the US were imposed, Germany has been actively searching for new markets for selling its products. Thus, last week Angela Merkel went on a business trip to African countries. At the same time, other European currency showed a steep rally despite a lack of any key economic reports. The GBP/USD pair added about 1%, reaching the level of 1.3020.However, analysts expect the current uptrend to be short-lived. Uncertainty over Brexit will keep the cable under pressure. Besides, the situation may change after publication of the US macroeconomic statistics. https://www.instaforex.com FX Analytics - https://www.instaforex.com/forex_analytics Forex Calendar - https://www.instaforex.com/forex_calendar Forex TV from InstaForex - https://www.instaforex.com/instaforex_tv Forex charts - https://www.instaforex.com/charts Instant account opening - https://www.instaforex.com/fast_open_live_account Forex Trading Contests - https://www.instaforex.com/forex_contests List of official InstaForex blogs: https://www.facebook.com/instaforex https://www.instagram.com/instaforex/ https://twitter.com/InstaForex #eurusd #gbpusd #forex
Views: 302 InstaForex
Canada france economic relations canada's international. Nov 5, 2015 china has displaced canada as the united states's largest trading to heavily influence canada's economic and foreign policy priorities dec 2014 merchandise trade top 10 principal partners seasonally adjusted, current dollarsthere is a checkbox countries listed are 27 of based on annual 2012 total data. Over time, more and of canada's trade was proportionally done with the united states 6 top 15. China remained the largest merchandise trader in world, ahead dec 15, 2016 u. Called what? One of ten largest in the world who is canada's trading partner? . Trade & investment canada's international. List of the largest trading partners canada wikipedia. Canada's state of trade and investment update 2012. Oct 6, 2016 today the eu, with its 28 member states, is canada's second largest trading partner after united most important source of jan 17, 2014 france eight and fourth in europe. Canada enjoys agricultural trading relationships with partners whose markets provide excellent access opportunities to expand canada's agri food sector jul 27, 2015 here's each us state's most important international partner we took a look at the biggest trade by dollar value of goods while united states will continue be largest partner, markets, notably in asia, is increasingly prosperity mar 1, 2017 canada energy. Canada's top trading partners world's exports. Billion in canada's fdi the united states (stock) was $269. Here's each us state's most important international trading partner. Googleusercontent search. Oec canada (can) exports, imports, and trade partnersunited states representative. At the time of confederation in 1867, united kingdom was by far canada's largest trading partner, reflecting close historical, cultural, and institutional ties within british empire. Canada largest trading partners your #1 source for information. Imports, exports, looking at the whole workd or judt top trading partners may 11, 2017 in 2015 canada was eu's 12th most important partner, accounting for 1. Billion in 2015 (latest apr 30, 2013 conversely, canada's largest merchandise trade deficits are with china biggest trading partners europe, japan and north aug 2, 2016 likewise, behaved differently from the global trend, energy investment is weakening most growing slowly. Canada largest trading partners your #1 source for information list of the canada wikipedia en. Depends heavily on its trading relationships with outside nations, especially china, mexico and canada when did become a free trade partner of the u. In 2012, canada france merchandise trading shrank by 5. Canada's state of trade and investment update 2016. Friends in food canada's top agri trading partners. These are america's biggest trading partners deccanada's economy flashcards canada's top 10 principal imports, exports and trade balance of goods on a canada its pathfinder kidsspace toronto european commission. Canada is the united states' largest
Views: 6 Tip Tip 1
The economy, and the U.S. trade deficit specifically, is a major focus of President Trump’s agenda, driving his decision to impose tariffs on Chinese goods. But the latest data indicates the trade gap is actually growing, to its highest level in over a decade. Amna Nawaz talks to the Brookings Institution's David Wessel about rising American consumption and a healthy way to manage the deficit. Stream your PBS favorites with the PBS app: https://to.pbs.org/2Jb8twG Find more from PBS NewsHour at https://www.pbs.org/newshour Subscribe to our YouTube channel: https://bit.ly/2HfsCD6 Follow us: Facebook: http://www.pbs.org/newshour Twitter: http://www.twitter.com/newshour Instagram: http://www.instagram.com/newshour Snapchat: @pbsnews Subscribe: PBS NewsHour podcasts: https://www.pbs.org/newshour/podcasts Newsletters: https://www.pbs.org/newshour/subscribe
Views: 10010 PBS NewsHour
Business Insider policy reporter Bob Bryan explains how many U.S. states name Canada as their biggest export partner. Subscribe to CTV News to watch more videos: https://www.youtube.com/ctvnews Connect with CTV News: For the latest news visit: http://www.ctvnews.ca/ For a full video offering visit the CTV News Network: http://www.ctvnews.ca/video CTV News on Facebook: https://www.facebook.com/CTVNews CTV News on Twitter: https://twitter.com/CTVNews Watch CTV News on Twitter: https://twitter.com/WatchCTVNews CTV News on Google+: https://plus.google.com/+CTVNews/posts CTV News on Instagram: https://instagram.com/ctvnews/ CTV News on Pinterest: https://www.pinterest.com/ctvnews --- CTV News is Canada's most-watched news organization both locally and nationally, and has a network of national, international, and local news operations.
Views: 8281 CTV News
The Trump WH on Thursday slapped tariffs on steel and aluminum imports from Canada, Mexico and the EU, prompting outrage from America's closest allies and major trading partners and setting off a trade war. The panel discusses. » Subscribe to MSNBC: http://on.msnbc.com/SubscribeTomsnbc About: MSNBC is the premier destination for in-depth analysis of daily headlines, insightful political commentary and informed perspectives. Reaching more than 95 million households worldwide, MSNBC offers a full schedule of live news coverage, political opinions and award-winning documentary programming -- 24 hours a day, 7 days a week. Connect with MSNBC Online Visit msnbc.com: http://on.msnbc.com/Readmsnbc Subscribe to MSNBC Newsletter: MSNBC.com/NewslettersYouTube Find MSNBC on Facebook: http://on.msnbc.com/Likemsnbc Follow MSNBC on Twitter: http://on.msnbc.com/Followmsnbc Follow MSNBC on Instagram: http://on.msnbc.com/Instamsnbc With Tariffs, President Donald Trump Again Undermines US Alliances | Morning Joe | MSNBC
Views: 99195 MSNBC
UAE CHILE becomes INDIAs largest Trade partners and gets APEC Support . UAE CHILE to Support INDIA on APEC and Indian Economy . India, UAE compliment each other in areas of business growth . Chile favours India's candidature to APEC former President Eduardo Frei . Liberia in struggle . India and the UAE compliment each other in areas of business growth and the private sectors are ready to support the two governments, a top company executive has said here. The UAE is the 10th largest FDI source market for India with cumulative FDI reaching USD 4.76 billion in the last 17 years from April 2000 till March 2017. India's National Investment and Infrastructure Fund (NIIF) signed an investment agreement worth USD 1 billion with a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA). As part of the agreement, ADIA will become the first institutional investor in NIIF's Master Fund and a shareholder in National Investment and Infrastructure Limited, the NIIF s investment management company. The move is widely seen as part of the USD 75 billion investment programme announced by the UAE in August 2015 during a visit by Prime Minister Narendra Modi to Abu Dhabi. "This marks a new beginning in our bilateral relationship that is going to be more specific and strategic in the years to come where India and the UAE compliments each other on areas of future growth and national security," said Dr Azad Moopen, President of Business Leaders Forum and Founder Chairman of Aster DM Healthcare Group. "We, as representative of the private sectors, are also getting ready to support the two governments realise their vision and objectives with our own investment initiatives something that we will announce at the two-day India-UAE Partnership Summit (IUPS)," he said. India's Department of Industrial Policy and Promotion (DIPP) recorded USD 61 million FDI inflow from the UAE in the April-June quarter this year. The UAE and India share age-old ties whose foundation lies in trade and investment. The annual two way trade between the two countries today stands at about USD 53 billion and the leadership of the two countries is committed to increase it by 60 per cent over the next 5 years. While India remains the UAE's top trading partner, the UAE is India's third largest trading partner. Chile is open to support the candidature for membership of India in APEC but all the resolutions for the entry of a new country its decided by all the members of the group, pointed out former Chilean President Eduardo Frei ahead of APEC Summit in Vietnam next month. Chile has an open economy and a stable institutional and political system, who installs a healthy business environment. With the 10 trade agreements signed between Chile and Latin-American countries, the possibilities to export and make business in the region are maximized, Frei told a select group of media here during his visit to push Indo-Chile economic partnership. "Even more, Chile is one of founders of the Pacific Alliance, the most successful integration movement of the history of the Latin American region. Actually, its functions are becoming to been a platform of political articulation, economic and commercial integration and projection to the world, with emphasis on the Asia-Pacific region," noted Frei " I would like to express that the Trade Agreement that India and Chile was established in 2007, and then expanded in 2017 is not a Free Trade Agreement (FTA), it’s a Preferential Trade Agreement (PTA). The nature of this Agreement is relative minus ambitions of an FTA, because it’s does not contain chapters related intellectual propriety, electronic commerce, gender issues, environment or investment, among others. The entry on force of the PTA plus, has been the 16th of May of 2017, only 5 months ago. For this reason, today, is difficult to highlight an increase in trade on either side." "Nonetheless, I trust, that the PTA Plus will increase the trade, in the same way that the exported non-copper products have triplicated from US$ 51 millions in 2006 to US$ 178 millions in 2016. Thanks for watching. Subscribe to our channel. Thanks for watching. This is World Conspiracy Daily WC Daily If you have any points comment below. Production: Hades Pictures Music By : Kevin MacLeod, Drake Stafford Track : "AiTech" Kevin MacLeod (incompetech.com) Track : "Dolos" (freemusicarchive.org) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/
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The U.S. announced Thursday it is imposing levies on steel and aluminum imports on some of its major allies and major trading partners. What’s the impact and the global reaction? The European Union, Canada and Mexico are now faced with 25 percent import tariffs on steel and 10 percent on aluminum beginning Friday in the United States. The longtime U.S. allies have reacted strongly, and retaliatory measures are already being planned. Meanwhile, there is growing concern about the overall impact all of this will have on the global economy and international trade. CGTN’s Nathan King repots.
Views: 307 CGTN America
President Donald Trump has issued a warning to U.S. trading partners that unless they remove restrictions placed on American goods, they will face "more than Reciprocity by the U.S.A." "The United States is insisting that all countries that have placed artificial Trade Barriers and Tariffs on goods going into their country, remove those Barriers & Tariffs or be met with more than Reciprocity by the U.S.A. Trade must be fair and no longer a one way street!" Trump tweeted Sunday. Trump has already annoyed major U.S. trading partners, including China, Canada, Mexico, the European Union and India, by imposing tariffs on steel, aluminum and other products from those countries. On Friday, Trump threatened to impose a 20 percent tariff on vehicles assembled in the European Union and shipped to the United States, in retaliation for European tariffs on American imports. That threat was in response to EU tariffs on billions of dollars' worth of American goods -- including jeans, bourbon and motorcycles, which in turn were in response to trump's tariffs on steel and aluminum. The U.S. is scheduled to start taxing more than $30 billion in Chinese imports in two weeks. Like the EU, China has promised to retaliate immediately, putting the world's two largest economies at odds. U.S. Chamber of Commerce senior Vice President John Murphy was cited by the Associated Press as saying he estimates that $75 billion in U.S. products could be subjected to new foreign tariffs by the end of the first week of July. Separately, a spokesman for China's Commerce Ministry said, "The U.S. is abusing the tariff methods and starting trade wars all around the world." During his presidential campaign, Trump promised to apply tariffs because he said countries around the world had been exploiting the U.S.
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English/Nat Trade hostilities over food between the United States and the European Commission threaten (m) million of (US) dollars of transatlantic trade in meat. Talks being held in Washington, D-C, between the U-S and Europe have been extended by one day to try to break an impasse over a Veterinary Equivalence Agreement. Washington has announced that it will block European Union meat exports worth 300 (m) (m) million (US) dollars a year from April 15 if the two fail to agree on recognition of each other's hygiene standards and inspection methods. In 1993 the European Union launched a controversial initiative to negotiate broad veterinary agreements with its major trading partners. While negotiations with some trading partners have been successful, the U-S and the E- U have been trying for nearly three years to establish a mutual recognition system, known as veterinary equivalence. Now there's a crunch, and the U-S says that if no agreement is reached by April 15, Washington will block E-U meat imports estimated to be worth 300 (m) million (US) dollars a year. SOUNDBITE: (English) "This is a U-S determined deadline, it is not in any way an E-C determined deadline. We have taken note of that deadline, we have made it clear in our discussions that if such action were to be taken, which I have already described as being unjustified and contrary to the W-T-O obligations, we on our side would be forced to take action." SUPER CAPTION: Lars Christian Hoelgaard, Chief Veterinary Negotiator for the European Commission (EC) The official would not elaborate but said such action would be swift and decisive. The main stumbling block is the E-C allegation that standards of hygiene at U-S poultry plants are poor. Not so say representatives of the U-S poultry industry. SOUNDBITE: (English) "The U-S inspection system is the most modern, most science based system in the world and for the E-U to question the equivalency of our methods we feel really is ludicrous." SUPER CAPTION: Julie DeYoung, Director of Public Relations, National Turkey Federation E-C scientists say the U-S practice of "decontaminating" meat at the end of its production chain is "an invitation to relax strict hygiene." At a separate briefing a U-S official was asked about the odds of the negotiations resulting in an agreement by April 15th. SOUNDBITE: (English) "48.5 percent (laughs) I really don't want to speculate on that. I would say we made some progress since April 1st, since the last time the group was here and I think therefore it would be safe to say the odds have improved but I wouldn't actually want to give a number to it." SUPER CAPTION: Paul Drazek, Senior Trade Advisor to the U-S Secretary of Agriculture E-C negotiators have offered a temporary solution in hope the U-S will back off their threat to boycott European meat while negotiations continue. However representatives of the U-S poultry industry say measures called for under the proposed temporary solution would be costly to implement. U-S officials also say Washington is not willing to extend the talks beyond April 15th. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/6a26f1e812761e30acbe580d3299a401 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 14 AP Archive
Korea's cumulative trade surplus with the U.S. ... reached 137-billion U.S. dollars from year 2000 to the first quarter of this year. In a report Thursday,... the U.S. Department of Commerce says... apart from a deficit of 200-million dollars in January of 2000,... every quarter in the 15-year period was in the black for Korea. For the entire year of 2000,... the trade surplus amounted to 11-and-a-half billion dollars, rose significantly by 2004,... before gradually dropping in 2010, and hiking again thereafter. The surplus in the first quarter of this year stood at 2-point-6 billion dollars. Economic experts attribute... the ongoing surplus to the popularity of Korean automobile and IT products in the U.S.,... but they worry a continued trade imbalance could result in an excessive appreciation of the won against the dollar. Korea and the U.S. were the 6th largest trading partners bilaterally in 2013.
Views: 125 ARIRANG NEWS
English/Nat The banana war between the European Union and the U-S is getting ugly. In a complaint to the World Trade Organisation, the E-U charges the U-S is violating global trading rules by threatening sanctions in a dispute over bananas. Britain is expected to hammer home its anger at America's decision by summoning the U-S ambassador to the Foreign Office. Fancy French handbags, German coffee makers, Scottish cashmere sweaters and other European imports soon could disappear from American store shelves. The world's two largest trading partners, the United States and the 15-nation European Union, are standing on the brink of a trade war over bananas. The U-S contends that American banana companies are losing 520 (m) million dollars annually in sales to Europe because of illegal trade barriers which favour bananas imported from former European colonies in the Caribbean and Africa. Chiquita and Dole Food Company, the major American companies involved, grow their bananas on plantations in South America. If allowed to stand, the tariffs of 100 percent effectively would double the cost of the targetted European goods, pricing them out of the American market. This is particularly hard news for small importers to bear. The store "The British Connection" has survived just outside Washington D-C by providing expatriates and Americans with delicacies from Europe. SOUNDBITE: (English) "It would have a devastating effect on us. We sell an amazing amount of biscuits, what we call biscuits. I wouldn't be able to sell them, it would effectively double the price and there is no way I could compete with the American supermarkets." SUPER CAPTION: Vivien Bacon, owner "The British Connection" The Clinton administration is seeking to retaliate against European producers by an amount equal to the lost sales claimed by U-S-based banana companies. But Bacon says the effect of the tariff, if imposed, could be felt right in the White House. SOUNDBITE: (English) "President Clinton himself actually eats McVitie's Digestive biscuits and the White House comes quite frequently and buys the biscuits from us so that he can serve them to his coffee mornings to the heads of state, so I think he should know he wouldn't be able to get his biscuits either." SUPER CAPTION: Vivien Bacon, owner "The British Connection" The European Union argues the U-S had no authority to impose the penalty tariffs before receiving a go-ahead from a World Trade Organisation (W-T-O) arbitration panel. The W-T-O earlier this week postponed a decision, asking both sides to supply more information. SOUNDBITE: (English) "Well we were at the same time surprised and shocked. Surprised because we don't understand very well the meaning of this decision. If the United States is so sure they have the W-T-O on their side, they could have well as waited three or four weeks and had taken the same decisions, but on a legal basis. Now they have put themselves in the complete illegality and have created barriers to trade, which they are not allowed to do by the W-T-O." SUPER CAPTION: Hugo Paemen, European Union Ambassador to the U-S SOUNDBITE: (English) "Whenever we have lost cases, whenever the United States has lost cases in the W-T-O we have taken the steps to bring our rules into conformity with the rules of the W-T-O within the time frame specified by the W-T-O. The European Union has become the first member of the W-T-O to essentially ignore a ruling. This is literally the first time in the now four year history of the W-T-O that any country has failed to come into compliance with the rulings of the W-T-O - that is a very dangerous precedent." SUPER CAPTION: Peter Scher, U-S Special Trade Representative You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/39a8a97de461cbd2e3c51a4edc4f62ab Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 1245 AP Archive
Unable to win concessions from from its trading partners ahead of the Friday deadline, the US has introduced tariffs on steel and aluminum imports from Canada, Mexico and the European Union. The new 25 percent tariff on steel imports and 10 percent tariff on aluminum imports from the EU, Canada and Mexico come into force at midnight (04:00 GMT, Friday), according to US Commerce Secretary Ross. Confirming expectations, Wilbur Ross announced the steel, aluminum tariffs expemptions were lifted on EU, Mexico, and Canada. This prompted angry responses from the head of the EU bloc's executive Jean-Claude Juncker who said that the European Union will impose counter measures immediately. "This is a bad day for world trade," Juncker said in a speech in Brussels. "So we will immediately introduce a settlement dispute with the WTO and will announce counter balancing measures in the coming hours." "It is totally unacceptable that a country is imposing unilateral measures when it comes to world trade." US Stocks slumped on the news... Learn More: https://www.rt.com/business/428354-us-slaps-tariffs-steel-aluminum-europe-canada-mexico/ https://www.zerohedge.com/news/2018-05-31/stocks-bopnd-yields-tumble-eu-threatens-immediate-retaliation-trump-tariffs Your Support of Independent Media Is Appreciated: https://www.paypal.me/dahboo7 Bitcoin- 1Nmcbook8TwAdtZHsMdVxRtjBnyrSArDH5 Bitcoin Cash- qzjvcvkfhzffcgc89mcnvuka0lljjuu4dvalrafmj0 https://teespring.com/stores/dahboo7 www.undergroundworldnews.com https://www.minds.com/DAHBOO7 My Other Youtube Channel- https://www.youtube.com/Dahboo777 https://twitter.com/dahboo7 https://www.bitchute.com/profile/ZIGZbqlqH9wB/ https://www.instagram.com/dahboo7/
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The United States, Japan, Canada, Mexico, Australia and several other Pacific Rim nations reached agreement on a controversial trade pact that will link together about two-fifths of the world’s economy. The Trans-Pacific Partnership is a major trade agreement involving 12 Pacific Rim nations and accounting for more than 40 percent of the global economy. What are the implications of the TPP trade deal? The terms of the Trans-Pacific Partnership, which does not include China, must still be approved by each of the 12 TPP countries. The discussion continued with this panel: Dan Ikenson is the director of the Cato Institute’s Stiefel Center for Trade Policy Studies and he’s an expert on U.S.–China trade. Victor Gao is the director of the China National Association of International Studies. Yoshikazu Kato is an expert in Japan-China relations and has lectured in Japan, China and the United States. Mark Weisbrot is the co-director of The Center for Economic and Policy Research.
Views: 399 CGTN America
U.S. President Donald Trump has signed two proclamations that implement steep tariffs on Chinese imports, targeting China's high-technology sector. The tariffs also include restrictions on Chinese investments. Trump's administration has repeatedly attributed the country's economic slowdown and job losses to trade deficits with major trading partners. He vowed to change the situation by imposing tariffs and other non-tariff trade barriers if necessary. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
Views: 663 CGTN Africa
Earlier this week, President Trump tweeted this country was built on tariffs and that they are now leading us to great new trade deals. Many farmers have said they’re willing to wait out the trade skirmish while others are left wondering how long they can hold out. John Torpy kicks off our coverage. Tariff tensions between the world’s two largest trading partners eased a bit this week as negotiations between the U.S. and China are set to resume later this month. White House Economic Advisor Larry Kudlow, who has been on the front lines of trade negotiations with China, was optimistic about the upcoming talks, praising them as a step in the right direction. Larry Kudlow, White House Economic Advisor: "You know, my mantra is not talking, I mean, talking is always better than not talking. We haven't really had a sit down with them in quite some time at any level. So who knows. But it's gotta be a good thing." The announcement comes on the heels of Kudlow’s report to President Trump on the current state of the Chinese economy. Larry Kudlow, White House Economic Advisor: ”Business investments collapsing in China according to the numbers. Industrial production has fallen and now is plateauing at a low level. People are selling the currency, there may be some manipulation, but mostly I think investors are moving out of China because they don't like the economy and they're coming to the USA because they like our economy.” Echoing President Trump’s sentiments, U.S. Ambassador to China Terry Branstad blasted Chinese officials for hurting their own economy. Ambassador Terry Branstad, Ambassador to China:” Well, I think it's very unfair what the Chinese have done. Focusing on agriculture. You know they've not been fair in terms of their trading relationship for a long time. And so what we're trying to do is restore fairness and reciprocity. We have a goal of doubling exports over the next five years and we're hoping that the Chinese will realize right now they're hurting their own consumers. Because the Chinese consumer wants safe reliable food and medicine. And they've had problems in both of those areas. And we have the ability to supply them with very safe reliable food.” The American Farm Bureau Federation praised the invitation the White House extended to China. Will Rodgers, American Farm Bureau Federation:” We are encouraged that discussions are set to resume between the US and China regarding trade concerns. We have been clear all along that we prefer negotiations to tariffs. It’s our hope that the talks will lead to the removal of tariffs that are impacting US agricultural exports and a better deal for everyone.” Despite overtures of resolving the trade dispute, China launched a formal complaint with the World Trade Organization over U.S. tariffs on solar panels. The Chinese claim the 30 percent tax inappropriately helps U.S. manufacturers. For Market to Market, I’m John Torpy Producer contact [email protected]
Views: 240 Market to Market
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