Mark Carney in dire straits: Canada, one of the largest and richest countries in the world, added just 7,400 jobs in April as unemployment rate rises to 6.9% read more
WASHINGTON, May 11 (Reuters) - U.S. President Donald Trump said on Sunday he would sign an executive order to cut prescription prices to the level paid by other high-income countries, an amount he put at 30% to 80% less. In a post on Truth Social, Trump said he would sign the executive order on Monday morning to pursue what is known as "most favored nation" pricing or international reference pricing. read more
WASHINGTON (Reuters) -U.S. President Donald Trump on Friday cautioned fellow Republican in Congress of the political consequences if they raise taxes on the wealthiest Americans, but added that he would be "OK" if they do increase to top tax rate. read more
The number of Americans filing new applications for unemployment benefits fell more than expected last week, suggesting the labor market continued to chug along, though risks are mounting from tariffs. read more
This practice, known as trans-shipment, has become a focal point in ongoing trade enforcement efforts by US Customs officials since the Trump administration unveiled its so-called "Liberation Day" tariffs on April 2. Malaysia's Ministry of Investment, Trade and Industry (Miti) announced on May 5 that with effect from May 6, it will be the only body that will issue non-preferential certificates of origin (NPCOs) for shipments to the US, stopping the issuance of these certificates by Miti-appointed organisations like local business councils, chambers or associations. read more
"You'll actually price your products competitively or you'll go out of business.
#51 | Posted by THEBULL"
Which is what drove the offshoring from the start. Once one company did it and was not punished by consumers - all were forced to follow. Trump is finally turning this back by removing the ability of companies to offshore to China or their sales literally go to zero. As I said from the start - the Chinese tariffs are not about raising tariff revenue - it is about stopping Chinese exports to the US.