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"You kick some butt." That's not the kind of dry, technocratic language one usually associates with trade negotiations.
But it's another example of how President Trump has turned international commerce into a highly unusual spectator sport.
A day earlier, Trump threatened to set a new 10% tariff on 0 billion worth of products imported from China. ET The economy is slowing down, but it keeps creating jobs at a healthy pace. and China have agreed to restart trade talks, and the Trump administration will hold off for now adding new and costly tariffs on some 0 billion in Chinese imports.
Employers added 164,000 jobs last month, as the unemployment rate held steady at 3.7%, the Labor Department said Friday. Analysts had expected about 165,000 jobs to be added in July and the unemployment rate to be 3.6%. ET The Federal Reserve is cutting interest rates for the first time in over a decade — a preemptive move aimed at extending the already record-long economic expansion. trade negotiators opened a new round of talks in China on Tuesday. That's well above the pace many forecasters were expecting, and a sharp pickup after a disappointing May. President Trump announced the trade truce after an 80-minute meeting with Chinese President Xi Jinping on the sidelines of the Group of 20 summit in Osaka, Japan.
The S&P 500 jumped 1.2% and the Nasdaq was up 1.35%.
When I found a Regal Horned Lizard on my front stoop, I found out that even though I thought I was paying attention, the learning process wasn’t just about looking, it was about looking it up.
The two big, very different personalities will be jockeying for global power and economic might, with hundreds of billions of dollars in trade on the line. ET The Federal Reserve left interest rates unchanged Wednesday but signaled it is ready to cut rates in the future if necessary to shore up a slowing U. But trade tensions, a slowdown in manufacturing and sagging business investment have injected more uncertainty into the crystal ball. ET Ronald Reagan's former budget director, David Stockman, calls Art Laffer "the greatest Fake Economist to ever come down the pike." Laffer helped popularize the notion that tax cuts pay for themselves through faster economic growth. But Laffer and his namesake curve remain darlings of Republican politicians.
White House economic adviser Larry Kudlow said Thursday that the Trump administration is determined to make China play by the rules of international trade. " Kudlow told an audience at a pro-trade think tank in Washington.
He also reported from the Pentagon during the early phases of the wars in Iraq and Afghanistan.
Before joining NPR in 2001, Horsley worked for NPR Member stations in San Diego and Tampa, as well as commercial radio stations in Boston and Concord, New Hampshire.