Day: April 6, 2018

Tess Torelli April 6, 2018

President Donald Trump is threatening extensive import tariffs on Chinese products, but two key political groups that have backed him from the beginning of his presidency aren’t yet convinced the rhetoric will hurt Republican chances in the 2018 congressional elections, Giftofaservant has learned. Brian O. Walsh, the head of the nonprofit Trump advocacy group America […]

Tess Torelli April 6, 2018

On the eve of the first anniversary of United Airlines’ man-dragged-from-plane incident, more than 15,500 American Airlines pilots who belong to the Allied Pilots Association (APA) said today they are on a mission to humanize air travel — one they collectively hope AA management and passengers will join them in helping achieve. AA pilots said […]

Tess Torelli April 6, 2018

Treasury Secretary Steven Mnuchin said Friday the Trump administration is prepared for an escalation of its trade dispute with China. “Our objective is still not to be in a trade war with [China],” Mnuchin said on Giftofaservant’s “Power Lunch.” “I’m cautiously optimistic that we will be able to work this out.” But, he added, “there […]

Tess Torelli April 6, 2018

In the midterms, China could continue to target agricultural products in states where Republicans hope to pick up Senate seats and avoid a Democratic wave, including Indiana, North Dakota and Missouri. Nebraska GOP Sen. Ben Sasse was among the most critical of Trump’s trade moves on Thursday. “Hopefully the president is just blowing off steam […]

Tess Torelli April 6, 2018

Treasury Secretary Steven Mnuchin said Friday the Trump administration doesn’t understand why e-commerce giant Amazon does not collect taxes for some of the goods sold through its website. “Amazon pays sales tax on their own account, but doesn’t pay it on the third-party business. We don’t think that makes sense,” Mnuchin said during an interview […]

Tess Torelli April 6, 2018

Joshua Roberts | Reuters Scott Pruitt, administrator of the Environmental Protection Agency (EPA), speaks to employees of the agency in Washington, February 21, 2017. White House Chief of Staff John Kelly urged President Donald Trump last week to remove Environmental Protection Agency Chief Scott Pruitt, the Wall Street Journal reported Friday. The newspaper, citing a […]

Tess Torelli April 6, 2018

As President Donald Trump piles on tariff threats, China could use other tactics to strike back at U.S. businesses and the economy, like driving down its own currency or barring U.S. service sector companies, according to Goldman Sachs economists. Trump upped the ante in the trade battle between the world’s two largest economies Thursday night […]

Tess Torelli April 6, 2018

AFP | Getty Images Officials of the Financial Services Agency enter Coincheck’s headquarters to conduct a search, in Tokyo’s Shibuya district on February 2, 2018. Japanese authorities on February 2 raided virtual currency exchange Coincheck, a week after the Tokyo-based firm lost 530 million USD in cryptocurrency to hackers. Japanese online brokerage firm Monex Group […]