trade

Tom Hudson

It seems appropriate that the first item on the list of Chinese goods facing the threat of a U.S. tariff in the gathering storm over trade -- Thorium -- is named for the Norse God of Thunder.

 

The last item on America’s $50 billion, 1,300-item list is parts of seats made of bamboo. The U.S. imported about $1 million worth of it from China last year.

 

Updated at 1:30 p.m. ET

China is retaliating against the Trump administration's tariffs on Chinese goods, imposing charges of its own Monday on a list of 128 imports from the United States, including agricultural products ranging from fruit to wine to frozen pork.

China's tariffs add fuel to what many economists fear is a burgeoning trade war between the two economic superpowers.

Updated at 4:47 p.m. ET

President Trump ordered steep tariffs on imported steel and aluminum from every country except Canada and Mexico. It's the boldest move to date for the president who campaigned on a protectionist platform that is sharply at odds with Republicans' free trade orthodoxy.

Updated at 3:00 p.m. ET

Fears of economic and political backlash are motivating senior congressional Republicans to move forward this week with public and private lobbying efforts aimed at getting President Trump to change his mind about tariffs he intends to levy on steel and aluminium imports.

President Trump's promise to impose hefty tariffs on U.S. imports of steel and aluminum sent markets around the globe into a tailspin and prompted anger and threats of retaliation from major U.S. trading partners, raising the specter of a full-fledged trade war.

Amanda Rabines / WLRN News

U.S. congressman Mario Diaz-Balart, one of the first local Republican congressman to endorse Donald Trump, found himself in an awkward place during a luncheon in Coral Gables, on Tuesday.

Diaz-Balart was the featured speaker at a lunch at the Biltmore hotel sponsored by the U.S. Global Leadership Coalition, a non-profit dedicated to promote foreign investment. In front of nearly a hundred foreign business leaders and non-profits, Diaz-Balart spoke about investing overseas - something the president’s administration has not been too keen on.

T
Jorge Duenes/Reuters

Here’s the central question: Is renegotiating NAFTA, the North American Free Trade Agreement, an opportunity or a mistake? Simple question, tricky answer.

“If you take the view that this is just updating the agreement, then I think it can be a good thing for all three countries,” says economist Marc Melitz with Harvard University.

 

A Cuban trade delegation visited Port Everglades in Broward County on Thursday - and the port and the Cubans were supposed to sign an agreement. But Florida’s governor made sure that didn’t happen.

In Washington, lobbyists, trade association leaders and journalists are passing around names that President-elect Donald Trump may be considering for key economic policy positions.

His choices to lead Treasury, Trade, Commerce, Labor and Housing and other departments will help shape Trumponomics in 2017. So whom will he choose?

Tom Hudson

  Nobody would give Ian MacDonald a job when he came to Fort Lauderdale more than 30 years ago, so he says he started a company.

 

MacDonald was born in England, raised in Nigeria and now runs a company that makes underwater lights for boats.  Today, he has 11 employees, nine of whom are based in Fort Lauderdale. The combination sales office, showroom, and assembly area is in a small industrial park cradled in the northeast corner of the I-95/ I-595 exchange.

 

Tom Hudson

    

It's a familiar saying among exporters -- South Florida is the shopping cart for Latin America.

From cell phones to gold, medicine to aircraft parts, it all leaves the United States from South Florida destined for overseas markets. While the pace of trade is down from a year ago, according to trade media company WorldCity, the seaports and airports here maintain a trade surplus.

Flickr

Last year I spoke by phone with a frustrated woman in Santiago, Cuba, who was trying to start a seamstress business. It’s the sort of small private enterprise that Cuban leader Raúl Castro claims to be encouraging as part of free-market reforms meant to salvage the island’s threadbare, communist economy. (But don’t dare say Raúl is copying China’s communist-capitalist system. That makes him mad.)

C.W. Griffin / Miami Herald Staff

Arriving in South Florida, visitors from Spain might feel as if they’ve never left the Iberian Peninsula.

Port Everglades On Florida's Short List For $35M In Investment Upgrades

Oct 17, 2013
Ed Webster/Flickr

Port Canaveral, Port Everglades and the Port of Tampa are in line to receive $35 million next year to expand their facilities through a state program for strategic port investments.

As part of an effort to position the state's 15 seaports as a single global shipping hub, Gov. Rick Scott announced Wednesday he will recommend that the Legislature allocate the money to the projects. The announcement came during an appearance at the American Association of PortAuthorities convention in Orlando.

Soccer isn't just a sport in Brazil, it's a religion, and the main temple is the Maracana in Rio de Janeiro.

The venue is not only the biggest stadium in Brazil but the biggest in South America. Over the weekend, the newly renovated complex reopened to great fanfare, with stirring musical numbers, a light show and dignitaries including Brazil's president.

The headlines in the local media, however, focused not on the fanfare but on the many problems, from flooding in the VIP area to malfunctioning seats and turnstiles. The stadium was also four months late reopening.

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