by Killing the goose that’s laying the golden eggs: Trump says China has been asked for plan to cut trade imbalance with U.S. Mar 7 (Reuters) — U.S. President Donald Trump said on Wednesday that China has been asked to develop a plan to reduce its trade surplus with the United States. Trump is pressing to implement campaign promises of hardening the U.S. stance on trade. Last week, he announced that he planned to impose heavy tariffs on imported steel and aluminum. “China has been asked to develop a plan for the year of a One Billion Dollar reduction in their massive Trade Deficit (surplus) with the United States,” Trump tweeted. “We look forward to seeing what ideas they come back with,” Trump wrote. Looks like it’s flattened further recently? Highlights Retail sales
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WARREN MOSLER writes Consumer sentiment, real retail sales, industrial production, wages
WARREN MOSLER writes New manufacturers orders, vehicle sales, unemployment claims, rents, oil prices
WARREN MOSLER writes Saudi price hike, private payrolls, new hires, corporate profits
WARREN MOSLER writes Pending home sales, Durable goods orders, oil rigs and production
Killing the goose that’s laying the golden eggs:
Trump says China has been asked for plan to cut trade imbalance with U.S.
Mar 7 (Reuters) — U.S. President Donald Trump said on Wednesday that China has been asked to develop a plan to reduce its trade surplus with the United States. Trump is pressing to implement campaign promises of hardening the U.S. stance on trade. Last week, he announced that he planned to impose heavy tariffs on imported steel and aluminum. “China has been asked to develop a plan for the year of a One Billion Dollar reduction in their massive Trade Deficit (surplus) with the United States,” Trump tweeted. “We look forward to seeing what ideas they come back with,” Trump wrote.
Looks like it’s flattened further recently?
Highlights
Retail sales proved weak in both December and January and today’s chain-store results, which are no better than mixed, point to another soft month for February. Unit vehicle sales for February, released last week, proved flat and are also pointing to retail disappointment.