Phoebe Wall Howard Detroit Free Press Published 9:26 p.m. UTC Aug 27, 2018 New car prices will rise, along with demand for used cars, as a result of President Donald Trump’s tentative trade agreement with Mexico announced Monday. “The new agreement will push production costs higher on Mexican products — parts and vehicles — which, eventually, will be paid by American consumers," said Michelle Krebs, executive analyst at Autotrader, the car-shopping website owned by Cox Automotive. Trump said he had made a limited bilateral trade agreement with Mexico that excludes Canada. He said the North American Free Trade Agreement will now be called the U.S.-Mexico trade agreement. An agreement on auto manufacturing has been key to trade talks involving the U.S., Mexico and Canada. Cars are a mix of components from many countries, including low-cost labor markets such as China. Monday's agreement calls for increasing the value of vehicles produced among the … [Read more...] about Car prices projected to jump under Trump trade agreement with Mexico
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AI Powered Trading Strategy-minded traders can now use artificial intelligence (with no coding) from Neotic.ai and deploy portfolios directly to the Collective2 marketplace. We are always looking for innovative companies that can help traders produce edge and alpha in the markets and Neotic is just such a company.”— Roderick CasilliNEW YORK, NEW YORK, UNITED STATES, August 20, 2018 /EINPresswire.com/ -- Collective2 ("C2"), the world’s leading trading strategy platform and marketplace, and Neotic, a customizable artificial intelligence (AI) engine for backtesting and daily forecasting, announced today a partnership and integration that allows Neotic users to publish AI-created U.S. stock portfolios as automated strategies on Collective2. Combining the power of AI with the simplicity of a no-coding-required interface, Neotic lets traders research, design, build, and test stock strategies using any combination of historical prices, corporate fundamentals and financial … [Read more...] about AI Powered Strategy Backtesting and Forecasting Platform Neotic Integrates With Collective2 to Provide Automated Trading
Britain's Prime Minister Theresa May listens to the Emir of Qatar Sheikh Tamim bin Hamad al-Thani at the start of their meeting at 10 Downing Street, London, Britain July 24, 2018.Earlier Raab, who has already held talks with the EU's chief negotiator Michel Barnier, appeared in the House of Commons to announce the publication of a new government White Paper explaining how Britain's European Union withdrawal agreement will be put into law.The prime minister has shown how wafer thin her confidence in the new DExEU minister is, launching a desperate attempt to take back control - two years late.The Europe Unit led by Olly Robbins in the Cabinet Office, which reports direct to the Prime Minister, will have "overall responsibility for the preparation and conduct of the negotiations", drawing on support from Mr Raab's Department for Exiting the European Union, she said.The ministry led by Brexit Secretary Dominic Raab, ostensibly the public face of the negotiations, will instead focus on … [Read more...] about Sterling adds to recent gains after May says to lead Brexit talks
President Trump stunned a global audience when he named the European Union as a trade "foe" in an interview with CBS News on Sunday. Here are some things to know about the EU-U.S. trade relationship: Europe and the U.S. are each other's most important market The trading partners generate $5.5 trillion in total commercial annual sales, according to a recent report from the American Chamber of Commerce to the European Union and researchers at Johns Hopkins University. The relationship accounts for as many as 15 million workers in mutually "on-shored" jobs on both sides of the Atlantic, the report said. "It is the largest and wealthiest market in the world, accounting for one-third of world GDP in terms of purchasing power and half of total global personal consumption," according to the report. Ambassadors from the EU reinforced that notion in an opinion piece in the Washington Post last month, which also mentioned the depth of the trade relationship. U.S. goods and services … [Read more...] about Trump considers the EU a trade “foe” — is it?
by Kasia Klimasinska Commerce Secretary Wilbur Ross said it’s a “little premature” to discuss the U.S. withdrawing from the World Trade Organization as the Trump administration continues to look at ways to improve the global trade body. The “WTO knows some reforms are needed. So I think there really is a need to update and synchronize its activities and we’ll see where that leads,” Ross said in an interview with CNBC on Monday. “But I think it’s a little premature to talk about simply withdrawing from it.” Axios reported on Sunday that the White House has drafted a bill that would allow President Donald Trump to ignore fundamental WTO rules and let him adjust tariff rates for different countries. It linked to a draft of the bill on its website. Trump on Friday said he wasn’t planning to exit the WTO after an earlier report by Axios that the president has told senior aides repeatedly that he wants the U.S. to leave the … [Read more...] about Will U.S. withdraw from World Trade Organization?