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
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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?
Sections SEARCH Skip to content Skip to site index Economy Subscribe Log In Subscribe Log In Advertisement Supported by ByBen Casselman May 6, 2018 DUBLIN, Ohio — When Pat Tiberi announced last fall that he was retiring after representing Ohio’s 12th Congressional District for almost two decades, there was a long line of fellow Republicans waiting to replace him. The party’s primary on Tuesday will feature 10 candidates, including two state senators, a county prosecutor and a local conservative activist. Then there is Tim Kane. Mr. Kane, 50, has a résumé that sounds as if he answered a casting call for a Republican congressional candidate: An Ohio native, he served in the Air Force, then earned a Ph.D. in economics and worked at conservative think tanks such as the Heritage Foundation and the Hoover Institution. Along the way, he helped start two companies, wrote four books and became a familiar commentator on … [Read more...] about Meet the Pro-Trade, Pro-Immigration Economist Running for Congress. As a Republican. In Ohio.
President Trump took to Twitter early Wednesday morning to criticize the United States' "very weak" border laws, blaming congressional Democrats for their existence. It's the latest salvo in Mr. Trump's recent series of attacks on immigration. "Our Border Laws are very weak while those of Mexico & Canada are very strong," Mr. Trump tweeted at 7:19 a.m. ET. "Congress must change these Obama era, and other, laws NOW! The Democrats stand in our way - they want people to pour into our country unchecked....CRIME! We will be taking strong action today." Illegal immigration, particularly that originating from the southern border, has been one of Mr. Trump's signature issues since his early days in the political sphere. But recently, the president has warned of "caravans" of people are approaching the U.S.-Mexico border with intent to cross into the country. On Monday, he tweeted that "Mexico has the absolute power not to let these large 'Caravans' of people enter their country." Mr. Trump … [Read more...] about Trump vows “strong action” on border security, dismisses China “trade war”