US BORDER OFFICERS HAVE A CREATED SCRUTINY RECORD. In March, the American government updated its website’s US travel advice to state that anyone who intends to spend more than 30 days in the US must register with the US government, according to NPR. The American government said those who didContinue Reading
Trump’s tax statement last week shook economies around the world, causing hostile levies from China, and raising concerns about a global industry war and recession. Investors and political leaders have been having trouble deciding whether Trump’s tariffs are continuous, continuous, or just a negotiating strategy to get concessions from otherContinue Reading
Trump has hyped up his looming statement on bilateral taxes as Liberation Day , because his laws aim to price the US economy from dependency on foreign products.
” We’re going to cost locations for doing business in our land and taking our work, taking our money, taking a lot of things that they’ve been taking over the years”, Trump said last week when he announced 25 per cent car taxes.
” They’ve taken so much out of our country, friend and foe. And, frankly, friend has been oftentimes much worse than foe”.
Trump’s displeasure with trade ties between the US and the global economy can be traced back to the 1980s.  ,
In an interview with CNN’s Larry King in 1987, when he discussed getting into politics, Trump said:” A lot of people are tired of watching other countries ripping off the US”.
He added:” Behind our backs, they laugh at us because of our own stupidity”.
While the main target of his ire at the time was Japan, China entered his crosshairs by the 1990s and early 2000s, and Beijing remains one of his top tariff targets, along with Canada, Mexico and the EU.
In his successful 2016 election campaign, Trump stepped up the rhetoric, saying:” We can’t continue to allow China to rape our country”.
In 2018, he declared in a social media post that he was a” Tariff Man”.
During his second term, Trump also started citing a historical precedent going back more than a century- President William McKinley.
McKinley’s passion for both territorial expansion and economic protectionism during his time in office from 1897 to 1901 could have been the model for Trump’s” Make America Great Again” policies.
” President McKinley made our country very rich through tariffs and through talent- he was a natural businessman”, Trump said in his inauguration speech in January.
America’s tariffs are generally lower than those of its trading partners. After World War II, the US pushed for other countries to lower trade barriers and tariffs, seeing free trade as a way to promote peace, prosperity and American exports around the world.
And it mostly practised what it preached, generally keeping its own tariffs low and giving American consumers access to inexpensive foreign goods.
Trump has broken with that free trade consensus, saying unfair foreign competition has hurt American manufacturers and devastated factory towns in the American heartland.
Most economists say nothing good would come out of scrambling the tariff code.
They say the tariffs would get passed along to consumers in the form of higher prices for autos, groceries, housing and other goods. Corporate profits could be lower and growth more sluggish.
Trump maintains that more companies would open factories to avoid the taxes, although that process could take three years or more.
GENEVA: China has launched a dispute at the World Trade Organization ( WTO ) over tariffs imposed by US President Donald Trump on Chinese goods, the Geneva-based body said on Wednesday. Trump imposed tariffs on goods from Mexico, Canada, and China on Saturday, demanding they stop the flow of fentanylContinue Reading
The US Justice Department announced in a statement that the leader of a Japanese crime syndicate who was accused of trafficking nuclear materials from Myanmar pleaded guilty on Wednesday ( Jan 8 ). Takeshi Ebisawa, 60, of Japan, pleaded innocent in Manhattan, New York, to conspiring with a network ofContinue Reading
The amazing Kumbh Mela event, which is billed as the world’s largest gathering, will draw 400 million pilgrims to its site on India’s holy riverbanks.  , The United Kingdom climate company has already predicted scorching global temperatures for 2025, which would make it likely to be among the hottest yearsContinue Reading
The Department of Justice has been conducting” international suppression” by US adversaries like China and Iran to terrify political opponents living in the country. China’s embassy in Washington did not respond to a request for comment on Chen’s appeal. There are centers outside China work by local volunteers, no ChineseContinue Reading
CHINA’S ECONOMIC HIT At the same time, Beijing’s business is taking a thick struck from Biden’s steps on business, including a plan to limit US expense in Chinese artificial intelligence, quantum computing and semiconductors and export restrictions on high-end computer chips. According to US leaders, all of those subjects areContinue Reading
XI AND MODI ATTENDING SUMMIT, ILLNESS KEEPS LULA AWAY Sheikh Mohammed and Saudi Crown Prince Mohammed bin Salman, who are not scheduled to attend the conference in Kazan, have received praise for their intervention efforts in relation to Ukraine. ” I assure you that we will continue to work inContinue Reading
Tokyo: Icom, a manufacturer of Japanese radio equipment, announced on Thursday ( Sep 19 ) that it was looking into the incident in Lebanon following reports that two-way radios with its logo exploded.  ,
Hand-held microphones used by military class Lebanon detonated on Wednesday across Lebanon’s south, after related explosions of the team’s pagers the day before. Pictures of the exploded walkie-talkies showed names with “ICOM” and “made in Japan”.
There were reports that two-way radios with the Icom brand had exploded in Lebanon earlier today in the world’s media, the organization said in a statement.
” We are now looking into the circumstances surrounding this subject. As new information becomes available on our website, it continued.
On Wednesday in Hezbollah hideouts in Lebanon, 20 people died and more than 450 were hurt in the next wave of machine bombs in as many times, according to authorities.