Donald Trump signs Taiwan Travel Act, drawing China's ire

The Taiwan Travel Act will allow unrestricted two-way travel for officials from the United States and Taiwan, thus restoring direct official US contacts with the self-ruled island, which were cut in 1979 when Washington switched diplomatic recognition from Taipei to Beijing.

US President Donald Trump on Friday signed legislation promoting contacts between Washington officials and their Taiwanese counterparts, angering China, which considers Taiwan as part of its territory.

10 Other Related Articles

Global News -
U.S. industry strongly objects as Trump considers sweeping tariffs on Chinese imports

President Donald Trump is considering sweeping tariffs on imports from China, with an announcement possible as early as next week.

Early indications from the White House have officials braced for tariffs across a wide variety of consumer goods, from apparel to electronics, and even on imported parts for products made in the U.S. The size and scope remain under debate, but the U.S. Chamber of Commerce is warning that annual tariffs of as much as $60 billion on Chinese goods would be “devastating.”

DW -
Germany, the US and non-free trade

"Had we completed the TTIP trade deal, Trump would not have been in a position to impose higher tariffs," said Christian Lindner, head of Germany's pro-business Liberal Democrats (FDP), referring to the stalled trade accord between the EU and the United States. "As a last resort, some moderate countermeasures which are currently being considered by the EU are thinkable."

Send Facebook Twitter Google+ Whatsapp Tumblr linkedin stumble Digg reddit Newsvine. "I think what's on the table right now is justified, but cannot replace a greater effort to change the US president's mind."

Wall Street Jurnal -
SocGen’s Albert Edwards says there are 2 reasons Trump will start a trade war

Aside from recent tariffs on steel and aluminum imports, Albert Edwards, global strategist at Société Générale, highlighted two other reasons why Trump might double down on protectionist policies, raising the risk of a trade war.

A potential trade war is looming ominously over financial markets amid President Donald Trump’s claim that the balance of global trade needs to be retooled in favor of the U.S.

The Guardian -
'Trump’s agenda is anti-growth': Trump's new economic adviser in his own words

Larry Kudlow, the CNBC commentator who has agreed to serve as Donald Trump’s chief economic adviser, has a rich history of wildly inaccurate economic prognostications and radically different views to the president’s.

Only time will tell if his opinions on Trump, free trade, tariffs and the state of political discourse will prove any more accurate .... “Homebuilders led the stock parade this week with a fantastic 11% gain,” Kudlow wrote in 2005. All the “bubbleheads” who expect “housing-price crashes in Las Vegas or Naples, Florida, to bring down the consumer, the rest of the economy and the entire stock market” have been “dead wrong”.

The Guardian -
Donald Trump admits making up 'facts' in trade meeting with Justin Trudeau

Donald Trump bragged that he made up facts in a meeting with Canadian prime minister Justin Trudeau, according to an audio recording obtained by the Washington Post.

Notorious for making false claims on countless issues – admitted he told Trudeau that America has a trade deficit with its neighbour when he “had no idea” if that was true. The office of the US trade representative states that the American goods and services trade surplus with Canada was $12.5bn in 2016.

Washington Post -
In fundraising speech, Trump says he made up trade claims in meeting with Justin Trudeau

President Trump boasted in a fundraising speech Wednesday that he made up information in a meeting with the leader of a top U.S. ally, saying he insisted to Canadian Prime Minister Justin Trudeau that the United States runs a trade deficit with its neighbor to the north without knowing whether that was the case.

He described the North American Free Trade Agreement as a disaster and heaped blame on the World Trade Organization for allowing other countries to box the United States in on trade.

Global News -
Donald Trump taps broadcast commentator Larry Kudlow as top economic aide

U.S. President Donald Trump has chosen Larry Kudlow to be his top economic aide, elevating the influence of a long-time fixture on the CNBC business news network who previously served in the Reagan administration and has argued relentlessly in tart sound bites for tax cuts and a smaller government.

Donald Trump’s top economic adviser Gary Cohn quitting post over steel tariffs. Kudlow, too, had made clear his opposition to the tariffs, as did many economists.

TV pundit 'to be Trump economic adviser'

Television commentator Lawrence Kudlow has said he accepted the role of top economic adviser to US president Donald Trump, US media report.

As an ardent free-trader, he has defended the North American Free Trade Agreement and was critical of President Trump's recent plan to impose 25% tariffs on foreign steel and 10% tariffs on foreign aluminium. He is also a self-described "inflation hawk" - though he has called recent concerns "misplaced".

DW -
Donald Trump eyes massive tariffs on China tech sector

The Trump administration is reportedly preparing to impose tariffs targeting Chinese tech and telecommunications imports.

US President Donald Trump is preparing to take aim at China's technology and telecommunications sectors, according to media reports on Tuesday. Send Facebook Twitter Google+ Whatsapp Tumblr linkedin stumble Digg reddit Newsvine. Last week, the administration's top trade official presented the president with a $30 billion (€24.2 billion) a year tariff package on Chinese imports and Trump requested a higher number, sources told politics news site Politico.

Wall Street Jurnal -
Trump Says He Is ‘Very Strongly’ Considering Kudlow to Replace Cohn

President Donald Trump said Tuesday he is “very strongly” considering naming CNBC commentator Lawrence Kudlow to replace Gary Cohn as director of the National Economic Council.

While Mr. Kudlow would likely argue internally against more disruptive trade measures, such as a withdrawal from the North American Free Trade Agreement, his friends have said he is more likely than Mr. Cohn to publicly defend policies when the president reaches a different decision.

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte