The South Korean industry minister is scheduled to visit Washington, D.C., this week, to discuss the country's concerns about being put on the U.S. Watchlist, and to press for fair treatment in tariffs, according to the ministry of industry. The U.S. Department of Energy's designation of South Korea, as a "sensitive nation", sparked controversy at Seoul. This U.S. ally was … [Read more...] about Top South Korean Official Heads to U.S. for High-Stakes Talks on Tariffs, Trade Status
Tariffs
Hiring Slumps: U.S. Adds 151K Jobs as Unemployment Climbs to 4.1%
U.S. employers created a solid 151,000 new jobs in the last month. However, the outlook remains cloudy as Donald Trump threatens a global trade war and purges federal employees. The Labor Department announced Friday an increase in hiring from the revised figure of 125,000 for January. The rate of unemployment rose to 4.1%. The job market has remained resilient despite the … [Read more...] about Hiring Slumps: U.S. Adds 151K Jobs as Unemployment Climbs to 4.1%
Trump’s New Tariffs Prompt Major Automaker to Shift Production to Indiana
Jim Banks (R-Ind.) praised Honda's decision to produce its Honda Civic in Indiana rather than Mexico. Reuters reports that the move was triggered because of President Donald Trump’s 25% tariffs against Mexico. These are due to take effect after a one-month pause following a temporary deal with Mexico. It was reported by the outlet that the production of over 200,000 cars … [Read more...] about Trump’s New Tariffs Prompt Major Automaker to Shift Production to Indiana
Top House Republican Warns China: CCP Officials Will Be Exposed if Taiwan Is Invaded
Deterring China is a top priority in Congress for the House's number four Republican. Michigan Rep. Lisa McClain is the GOP conference chairwoman. She has introduced legislation to expose the assets of CCP top officials and prohibit them from accessing U.S. banks if China decides to invade Taiwan. The bill requires the Treasury Secretary to reveal details of illegal … [Read more...] about Top House Republican Warns China: CCP Officials Will Be Exposed if Taiwan Is Invaded
Canada Concedes to Trump’s Tariff Demands
Mexico, as we reported previously, has bowed to the tariff threats of President Donald Trump. The Mexican government agreed to send 10,000 National Guard troops to the border to stop illegal aliens from entering our country and to prevent drugs. The U.S. agreed in return to delay tariffs by a month while they worked out the deal. It was a sign of success that Trump's tactic … [Read more...] about Canada Concedes to Trump’s Tariff Demands