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☆ Trump’s trade threats put the world on a precipice and may say a lot about his second term
▼ + stars: | 2024-11-27 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

His first major global brouhaha since winning reelection posed the following questions that will help define the character of his second term. There’s no guarantee that Canada, Mexico and China will back down immediately. Trump’s trade war rhetoric is a reminder that in his worldview, the United States has few friends — only adversaries against whom it can choose to win or lose. The prime minister therefore has a huge incentive to avoid a trade war that could cause havoc in the Canadian economy. Initial reaction to Trump’s broadside against Canada and Mexico suggests that many observers see his outburst as a negotiating tactic.

Persons: Donald Trump, Trump, he’s, Pete, George W, Bush’s, “, “ Trump, Elon Musk, Justin Trudeau, Claudia Sheinbaum, —, Trudeau, Pierre Poilievre, Sen, Marco Rubio, Xi Jinping, ”, Gerry Connolly Organizations: CNN, Trump, Central ”, Elon, Conservative Party, Trade, North American Free Trade Locations: Canada, Mexico, China, United States, NATO, Russia, Ottawa, Canadian, Washington, Beijing, Europe, Ukraine

☆ Generative AI's hype has yet to lead to a must-have gadget for the holiday season
▼ + stars: | 2024-11-27 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +3 min

Generative artificial intelligence has taken Silicon Valley by storm since the launch of OpenAI's ChatGPT chatbot in November 2022. There was a lot of optimism over the potential of GenAI gadgets at the CES trade show in January, said Paul Gagnon, vice president for analyst firm Circana. Additionally, consumers may find current GenAI devices too expensive, and they may be confused about what the devices can actually do, he said. The reality is that while GenAI has captivated Silicon Valley, it's still "inning zero" in regard to widespread adoption, Bajarin said. Despite Silicon Valley not having a breakout year for GenAI hardware, here are a few GenAI devices early adopters can buy.

Persons: chatbot, Paul Gagnon, Gagnon, we've, — there's, hasn't, Ben Bajarin, Ray, Bajarin, Ryan Reith, Reith, GenAI, Steve Koenig Organizations: Nvidia, CES, Creative, Microsoft, Apple, Intel, Dell, Lenovo, IDC, Consumer Technology Association Locations: Silicon

☆ Goldman Sachs Asset Management is fired up about the economy heading into 2025 — but serious risks are still lurking under the surface
▼ + stars: | 2024-11-27 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

AdvertisementThe global economic expansion will continue into 2025, according to Goldman Sachs Asset Management. "But it's all a give and take here, because we're also going to be seeing a lot of efficiencies come into the labor market, potentially." GSAM strategists aren't sweating about the labor market yet, but they're watching those trends closely. Despite their lofty valuations, GSAM isn't bailing on US equities. That may finally change in 2025 as China's government gets serious about economic stimulus, Wilson-Elizondo said.

Persons: Alexandra Wilson, Elizondo, Goldman, Trump's, Wilson, We're, we're, corporates —, it's, aren't, isn't, GSAM Organizations: Goldman Sachs Asset Management, Management, Trump, Companies, Goldman, Wilson

☆ The world reacts to Donald Trump's latest trade plans
▼ + stars: | 2024-11-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, the world reacts to Donald Trump's latest trade plans , which could be a massive negotiation tactic . Michael M. Santiago/Getty ImagesThe man who dubbed himself a master negotiator is upending the global trade market with his latest tactic. AdvertisementThe world is reacting to President-elect Donald Trump's new trade proposals targeting China, Mexico, and Canada. There's a lot to unpack, so let's break it down:So, Trump finally gave us an update on his tariff plans. He's telegraphed his plans for hammering Chinese imports, but a 25% tax on Canadian and Mexican goods was a shock.

Persons: Donald Trump's, Trump, Michael M, He's, Will, Justin Trudeau, Claudia Sheinbaum's, Jenny Chang, Rodriguez, Goldman, Scott Wren, Wells Fargo's, They've, Elon Musk's, Omead Afshar, Afshar, Prince Williams, Bill Clark, Astrida Valigorsky, Alyssa Powell, Kendrick Lamar, Drake, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Affordable, Canadian, Trump, US, Companies, Getty, JPMorgan, Deutsche Bank, BI, Tesla, North, Spotify, Universal Music, Wall Street Locations: China, Russia, Mexico, Canada, Canada's, East, New York, Chicago, London

☆ CNBC Daily Open: The markets are living in Trump’s world for now
▼ + stars: | 2024-11-27 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Brandon Bell | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineEven before Trump enters the White House, investors are already living in his world. Upon Trump's election win, the so-called "Trump trade" has flourished, with risk assets in general on an upward trajectory. Posturing or not, it's likely Trump's proposed policies will sway the markets in the foreseeable future.

Persons: Donald Trump, Brandon Bell, Trump, Scott Bessent, Goldman Sachs's, Jan Hatzius, Gregory Daco, Jamie Cox, —, Sarah Min, Alex Harring, Samantha Subin Organizations: GM STLA, SpaceX, Getty, CNBC, House, Trump, Mexico —, UBS, GM, Ford, Dow Jones, Nasdaq, Harris Financial Locations: Brownsville , Texas, Mexico, Canada, EY, U.S

☆ Why Trump is threatening Canada with tariffs
▼ + stars: | 2024-11-27 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

AdvertisementPresident-elect Trump on Monday threatened to impose 25% tariffs on imported goods from Canada. In making his statement on Truth Social, Trump criticized Canada over immigration policy and drugs. President-elect Donald Trump this week has made waves with his vow to impose new tariffs on imported goods from Canada, China, and Mexico, which also happen to be the United States' top trading partners. "Canada places the highest priority on border security and the integrity of our shared border." "In addition, the CBSA [Canada Border Services Agency] is continually strengthening its ability to detect opioids through enhanced inspections at ports of entry, detector dogs, and emerging technologies, preventing opioids from entering and leaving Canada."

Persons: Trump, Donald Trump, Justin Trudeau, Canada's, " Trudeau, he'd, Jake Colvin, Chrystia Freeland, Dominic LeBlanc, Trump's Organizations: Social, Canada, Toronto Region Board of Trade, US Border Patrol, Customs, Border Patrol, New York Times, NPR, North American Free, National Foreign Trade Council, Canada Border Services Agency, Business, Trump Locations: Canada, Toronto, China, Mexico, United States, apprehensions

☆ FTC opens wide-ranging antitrust probe into Microsoft
▼ + stars: | 2024-11-27 | by ( Elisabeth Buchwald | Clare Duffy | ) edition.cnn.com time to read: +2 min

The FTC, in a letter sent to Microsoft, demanded that it hand over information to assist in the agency’s investigation, a source familiar with the matter told CNN. The FTC and Microsoft declined to comment. Microsoft also battled FTC resistance to its $69 billion acquisition of video game publisher Activision Blizzard, which closed in October 2023. The agency had argued the merger would give Microsoft a monopoly in video game publishing, which the company denied. Trump’s reelection has raised questions about how his administration will handle ongoing antitrust cases against tech giants, including Apple and Amazon.

Persons: Microsoft’s, Donald Trump, Trump, Lina Khan, Khan, hasn’t Organizations: New, New York CNN, Microsoft, Federal Trade Commission, FTC, CNN, Bloomberg, Activision Blizzard, Apple, Google, Justice Department Locations: New York, OpenAI

☆ 10 things the Club is watching in the market Wednesday, including CrowdStrike, HP, Dell
▼ + stars: | 2024-11-27 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

CrowdStrike delivered a very good quarter after Tuesday's closing bell, with management raising its full-year outlook on sales, operating income, and earnings. Mortgage rates dropped last week, pushing home loans for purchases up 12% week over week and 52% year over year. Best Buy shares were steady Wednesday morning after their nearly 5% post-earnings drop in the previous session. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: CrowdStrike, Wells, Donald Trump, Kevin Hassett, Hassett, Stanley Black, Decker, Jim Cramer, We're, — CNBC's Zev Fima, Jim Cramer's, Jim Organizations: Dow, Nasdaq, Street, RBC, Dell, HP, Wall Street, National Economic Council, of Economic Advisers, Apple, Financial Times, Citi, holding's, Disney, Comcast's Universal, Paramount, Comcast, NBC Universal, CNBC, Jim Cramer's Charitable Locations: Wells Fargo, China

☆ Microsoft faces wide-ranging U.S. antitrust probe
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: +3 min

The U.S. Federal Trade Commission has opened a broad antitrust investigation into Microsoft , including of its software licensing and cloud computing businesses, a source familiar with the matter said on Wednesday. The probe was approved by FTC Chair Lina Khan ahead of her likely departure in January. The FTC fielded complaints about Microsoft last year as it examined the cloud computing market. Until now, Microsoft has been somewhat of an exception to U.S. antitrust regulators' recent campaign against allegedly anticompetitive practices at Big Tech companies. In 2019, the Pentagon awarded it a $10 billion cloud computing contract that Amazon had widely been expected to win.

Persons: Lina Khan, Donald Trump, Satya Nadella, Trump, JD Vance Organizations: U.S . Federal Trade Commission, Microsoft, Republican, FTC, Amazon, Google, Bloomberg, Big Tech, Facebook, Meta, Apple, Amazon.com Inc, U.S, Trump, Pentagon, Web Services

☆ CNBC Daily Open: A new day, a new Trump policy for markets to digest
▼ + stars: | 2024-11-27 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Persons: STLA, Donald Trump, Sen, Ted Cruz, Brandon Bell, Trump, Scott Bessent, Goldman Sachs's, Jan Hatzius, Gregory Daco, Jamie Cox, —, Sarah Min, Alex Harring, Samantha Subin Organizations: SpaceX, Getty, CNBC, House, Trump, Mexico —, UBS, GM, Ford, Dow Jones, Nasdaq, Harris Financial Locations: Brownsville , Texas, Mexico, Canada, EY, U.S

☆ Trump is directing the trade war even before he takes office. Surprise tariffs were just the start.
▼ + stars: | 2024-11-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

AdvertisementUS President-elect Trump announced sweeping tariffs on Mexico, Canada, China, impacting global markets and currencies. Some analysts see Trump's tariff threats as leverage for countries to comply with the President-elect's wishes. President-elect Donald Trump has two months until he takes office, but he's already dishing out orders — and shaking the markets. Trump wrote. Trump jolted global markets, but the reaction was 'benign'Trump's announcements surprised global markets, with the Canadian dollar and the Mexican peso losing ground against the US dollar.

Persons: elect's, Donald Trump, —, Trump, George Saravelos, Saravelos, Dave Townsend, Dorsey, Whitney, Townsend, Nick Marro, Marro, Goldman Sachs Organizations: Trump, Canadian, greenback, Deutsche Bank, Economist Intelligence Locations: Mexico, Canada, China, Trump, Asia

☆ 'Europe's Detroit' built a thriving car industry. Trump tariffs now threaten to unravel its success
▼ + stars: | 2024-11-27 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Skoda Kodiaq automobiles on the production line at the Volkswagen AG plant in Bratislava, Slovakia, on Friday, Dec. 1, 2023. A small landlocked country in the heart of Europe appears to be uniquely exposed to President-elect Donald Trump's "America First" economic agenda. Nicknamed the "Detroit of Europe" due to its thriving automotive industry, Slovakia produces more cars per capita than any other country in the world. The measures include an additional 10% tariff on all Chinese products coming into the U.S. and a 25% tariff on all goods coming from Canada and Mexico. "Slovakia has turned into a Detroit of Europe," Vladimir Vaňo, chief economist at Globsec, a think tank based in Slovakia's capital of Bratislava, told CNBC via telephone.

Persons: Donald Trump's, it's, Trump, Vladimir Vaňo, Vaňo Organizations: Skoda, Volkswagen AG, European Union, CNBC Locations: Bratislava, Slovakia, Europe, Detroit, U.S, China, Canada, Mexico, Trump's, Slovakia's

☆ Oil watchers say inflation risks will stave off Trump's Canada tariff threat
▼ + stars: | 2024-11-27 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Higher fuel prices could be in the cards if President-elect Donald Trump follows through with his tariff threats on Canada, according to industry experts, who are skeptical on whether the new levies will ever be implemented. Trump on Monday pledged to implement additional tariffs on China, Canada and Mexico on day one of his presidency, according to his posts on social media platform Truth Social. He said he would sign an executive order on Jan. 20 imposing a 25% tariff on all imports from Canada and Mexico, a move that may breach the terms of a regional free trade agreement. Goldman Sachs' Co-Head of Global Commodities Research Daan Struyven said that if a 25% levy hit Canadian crude exports to the U.S. "that could, in theory, lead to some pretty significant consequences for three groups." U.S. refiners who rely on Canadian oil barrels could face lower profit margins, and consumers may potentially face higher prices, surmised Struyven.

Persons: Donald Trump, Goldman Sachs, Daan Struyven Organizations: Trump, Global Commodities, Daan, U.S . Energy Information Administration Locations: Canada, China, Mexico

☆ European markets set for a shaky start amid Trump tariff threat
▼ + stars: | 2024-11-27 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are heading for a mixed open Wednesday as investors continued to assess the potential impact of President-elect Donald Trump's plans to hike tariffs. Economists have warned of the potential inflationary impact of Trump's fiscal plan, which could see the U.S. Federal Reserve cutting interest rates at a slower pace. Overnight, Asia-Pacific markets were mixed Wednesday, following gains on Wall Street that saw the S&P 500 and the Dow Jones Industrial Average reach new intraday and closing records. U.S. stock futures were little changed on Wednesday morning as traders await the release of the Fed's favorite inflation gauge: the personal consumption expenditures price index. Earnings are set to come from Easyjet and data releases include German and French consumer confidence.

Persons: Donald Trump's, Germany's DAX, Trump Organizations: France's CAC, IG, U.S . Federal Reserve, Dow Jones Locations: Mexico, Canada, Asia, Pacific

☆ A way to get long Nvidia on the dip with less risk using options
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: +3 min

Following its latest earnings report, which exceeded expectations across all key segments, NVDA is trading at a compelling valuation relative to its peers. From a technical perspective, the recent pullback after the earnings report provides an attractive entry point for bullish exposure with strong risk/reward potential. Its 56% net margin significantly surpassing competitors which highlight why NVDA deserves its premium valuation while still offering substantial upside potential. The trade offers a 2:1 reward-to-risk ratio, providing a favorable way to participate in NVIDIA's expected upside while limiting downside exposure. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: NVDA, Max Organizations: Nvidia, Blackwell, CNBC, NBC UNIVERSAL Locations: OptionsPlay

☆ Gold trades in tight range ahead of US inflation data
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: +2 min

Gold prices flitted within a narrow range on Wednesday as investors awaited key U.S. inflation data for insights into the potential scale of a Federal Reserve rate cut next month. Spot gold was steady at $2,635.56 per ounce, as of 0222 GMT, moving largely within a slim $9 range during the session. Gold is traditionally considered a safe-haven investment during periods of economic and geopolitical uncertainty, including trade wars and other conflicts. Investors digested a handful of economic data on Tuesday indicating the economy remained on solid footing. Elsewhere, China's net gold imports via Hong Kong in October fell from September and were down 43% from the previous year, data showed.

Persons: Bullion, Kyle Rodda, Rodda Organizations: Federal, Capital.com, Federal Reserve, U.S . Federal Reserve Locations: ., Israel, Lebanon, Capital.com . U.S, France, Iran, Hong Kong

☆ Why Trump’s proposed tariffs may be bad news for China and Asia
▼ + stars: | 2024-11-27 | by ( Rosa Deacostanoya | Rosa De Acosta | ) edition.cnn.com time to read: +3 min

In 2023, the US was South Korea’s second-largest export market after China, with $116 billion of goods traded. But Trump’s planned tariffs on Chinese goods could also benefit some countries in Southeast Asia as factories may relocate from China to other places in the region. Shoe seller Steve Madden announced earlier this month that it will halve its Chinese production to avoid Trump’s tariffs, and it will be sourcing from Cambodia, Vietnam, Mexico and Brazil, among other countries. In 2023, the US was the number one recipient of exports from China, Vietnam, Thailand, India and Japan. In the first nine months of 2024, the United States’ largest trade deficit was with China.

Persons: Donald Trump, Steve Madden, Trump, ”, Philip Daniele, — CNN’s Rachel Wilson Organizations: Hong Kong CNN —, Malaysia, US Locations: Hong Kong, Mexico, Canada, China, United States, Asia, South, Southeast Asia, Cambodia, Vietnam, Brazil, Thailand, India, Japan, South Korea, Indonesia, Singapore

Trump puts inflation on the agendaThe inflation risk stalking the markets eased over the summer, but it never really went away. It’s front and center again as investors contend with a Trumponomics crackdown on immigration, a rising trade-war risk and a potential bonanza of tax cuts. An important inflation measure comes out at 10 a.m. Eastern: the Personal Consumption Expenditures index report. Economists fear that it could add bottlenecks and costs to supply chains and reignite inflation, and that it could scramble the Fed’s policy on interest rates. next year would jump by an additional 1.1 percentage points if the Trump tariffs were fully enacted.

Persons: Trump, Donald Trump’s Organizations: United States ’, Deutsche Bank Locations: Canada, China, Mexico, United States

☆ Asia markets to open mixed even as Wall Street notches fresh records; investors assess Australia inflation
▼ + stars: | 2024-11-27 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

The full moon, otherwise known as a strawberry supermoon, is seen over the Skyline of the CBD in Sydney, Australia June 15, 2022. Steven Saphore | Anadolu Agency | Getty ImagesAsia-Pacific markets are set to open mixed on Wednesday, following gains on Wall Street that saw the S&P 500 and the Dow Jones Industrial Average reach new intraday and closing records. Traders in Asia will assesses monthly consumer price index figures out of Australia, set for release later in the day. A poll from Reuters expects the monthly CPI indicator to have risen 2.3% in October year on year, from 2.1% in September. Hong Kong Hang Seng index futures were at 19,172 slightly higher than the HSI's last close of 19,159.2.

Persons: Steven Saphore, Australia's Organizations: Skyline, Anadolu Agency, Getty, Dow Jones, Traders, Reuters, Nikkei Locations: Sydney, Australia, Asia, Pacific, Chicago, Osaka, Hong Kong

☆ Oil prices steady amid focus on Israel-Hezbollah ceasefire, OPEC+ policy
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: +2 min

Oil prices steadied in early trade on Wednesday, with markets assessing the potential impact of a ceasefire deal between Israel and Hezbollah, and ahead of Sunday's OPEC+ meeting. Both benchmarks settled lower on Tuesday after Israel agreed to a ceasefire deal with Lebanon's Hezbollah. Israeli Prime Minister Benjamin Netanyahu said he was ready to implement a ceasefire deal with Lebanon and would "respond forcefully to any violation" by Hezbollah. Crude oil would not be exempt from the trade penalties, two sources familiar with the plan told Reuters on Tuesday. Meanwhile, U.S. crude oil stocks fell while fuel inventories rose last week, market sources said, citing API figures on Tuesday.

Persons: Israel, Joe Biden, Benjamin Netanyahu, Hiroyuki Kikukawa, Donald Trump Organizations: Hezbollah, Brent, U.S, West Texas, Lebanon's Hezbollah, NS, Nissan Securities, Organization of, Petroleum, Reuters Locations: Israel, United States, France, U.S, Lebanese, Gaza, Lebanon, China, OPEC, Russia, Mexico, Canada

☆ Analyst says Trump tariffs on China, Mexico and Canada could lead to a trade war 'spiral'
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst says Trump tariffs on China, Mexico and Canada could lead to a trade war 'spiral'Wendy Cutler, vice president and managing director at the Asia Society Policy Institute, discusses U.S. President-elect Donald Trump's plan to impose tariffs on products from Canada, Mexico and China.

Persons: Wendy Cutler, Donald Trump's Organizations: Asia Society Policy Institute Locations: China, Mexico, Canada

☆ The senators who will determine the fate of Trump's Cabinet picks: From the Politics Desk
▼ + stars: | 2024-11-26 | by ( The Politics Desk | ) www.nbcnews.com time to read: +8 min

In today’s edition, two of our Capitol Hill experts, Sahil Kapur and Frank Thorp V, break down the key senators to watch in the confirmation battles over Donald Trump's Cabinet. Plus, national political correspondent Steve Kornacki takes a break from election data to dive into the polling around what Americans plan to serve at Thanksgiving this year. Programming note: From the Politics Desk is taking a holiday break the rest of the week. Trump’s Cabinet picks present an opening for Collins to further demonstrate her independent streak if she chooses to vote against some of Trump’s more controversial picks. The Cabinet nominees could be an opportunity for him to flex his muscle and use his vote to shape Trump’s agenda.

Persons: Sahil Kapur, Frank Thorp V, Donald Trump's, Steve Kornacki, We’ll, Frank Thorp, Donald Trump, JD Vance, Sen, Susan Collins, Trump, Trump’s, Collins, Lisa Murkowski, Matt Gaetz, Wade, Mitch McConnell, McConnell, Thom Tillis, Tillis, John Fetterman, Fetterman, “, that’s, John Thune, Bill Cassidy, John Curtis, Jon Ossoff, Frank →, ️, ina, guration in, e, roa, uli Organizations: NBC, White House, Capitol, Trump’s, Trump’s Cabinet, Cabinet, Republican, GOP Locations: Maine, Alaska, Roe, Israel, Gaza, Utah, Sahil, Turkey

☆ Trump says he plans to enact new tariffs on Canada, China and Mexico on his first day in his office
▼ + stars: | 2024-11-26 | by ( Zoë Richards | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Steve_Kopack.Jpg | ) www.nbcnews.com time to read: +3 min

President-elect Donald Trump on Monday said his incoming administration would slap new tariffs on imported goods from Mexico, Canada and China, solidifying a key campaign promise that could have a major impact on trade. Trump said that he would also seek to impose additional tariffs on China. Mexico and Canada are the United States’ top two trading partners, accounting for nearly 30% of trade volumes. Embassies for Canada, China and Mexico did not immediately respond to requests for comment on Monday night. The tariffs floated by Trump would upend one of the biggest economic deals of his first term.

Persons: Donald Trump, Trump, Joe Biden, Xi Jinping, Biden, Kamala Harris, ” Trump, Harris, Trump's, Arturo Sarukhan Organizations: Monday, United, United States ’, Democratic, Trump, Capitol, NBC News, National Retail Federation, CNBC Locations: Mexico, Canada, China, United States, United States of America, U.S, California

☆ Trump selects Jamieson Greer as U.S. trade representative
▼ + stars: | 2024-11-26 | by ( ) www.cnbc.com time to read: +1 min

U.S. President-elect Donald Trump tapped attorney Jamieson Greer on Tuesday to serve as the U.S. Trade Representative, a pick that will play an important role in the Republican's agenda to remake the international trading environment through tariffs. Greer, an attorney who has practiced international trade law, served as chief of staff to the USTR Robert Lighthizer during the first Trump administration. Trump said Greer's efforts under Lighthizer helped reverse decades of "disastrous trade policies." His focus, if confirmed by the U.S. Senate, will be to rein in the trade deficit and open up "export markets everywhere," among other things, Trump said. Lutnick will have "direct responsibility" for the Office of the U.S. Trade Representative, he said last week.

Persons: Donald Trump, Jamieson Greer, Jamieson, Trump, Greer, Robert Lighthizer, Lighthizer, Howard Lutnick, Lutnick Organizations: U.S . Trade Representative, USMCA, American Workers, U.S . Senate Locations: China

☆ The Art of the Tariff: Trump's latest threat is right out of his negotiating playbook
▼ + stars: | 2024-11-26 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +5 min

AdvertisementDuring his first term, Trump threatened tariffs while renegotiating trade with Mexico and Canada. Scott Bessent, Trump's pick for Treasury secretary, has called tariffs a "negotiating tool." In June of 2019, Trump threatened tariffs against Mexico if the country didn't alter its immigration system, which it eventually did. While financial analysts are taking Trump's threats seriously, some banking leaders seem to think that Trump's most recent tariff threat is a continuation of his prior negotiation tactic. Advertisement"This is President Trump's negotiating style: step one, punch in the face, step two, let's negotiate," Kieran Calder, the head of equity research for Asia at Union Bancaire Privée, said, according to Bloomberg.

Persons: Trump, Scott Bessent, Donald Trump, Robert Lawrence, Lawrence, Mark Blyth, Blyth, He's, he's, Trump's, Kieran Calder, Union Bancaire Privée, — Trump, Luis Costa Organizations: Biden, Peterson Institute for International Economics, European Union, American Free Trade, Brown University, White, Brookings Institute, NAFTA, Union Bancaire, Bloomberg, UBS, Citi Bank, Trump Locations: Mexico, Canada, Asia, China

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