Category Archives: Donald Trump & Economics
Donald Trump:“The wall will save hundreds of billions of dollars – many many times what it’s going to cost!”
Visiting California for the first time since assuming the presidency, President Donald Trump has called his wish for a border wall with Mexico a national necessity, as he accused the state of putting the “entire nation at risk” by not dealing with illegal immigration.
“If you don’t have a wall system, we’re not going to have a country”, Mr Trump said.
The President was touring eight wall prototypes, erected near the border in the San Diego area, that stand as the chief concrete progress towards one of his central campaign promises. Congress has so far not allocated the billions of dollars needed to build the larger structure, with the Trump administration seeking $18bn (£12.9bn) for the first phase.
Total economic output in the third quarter was slightly above the maximum sustainable level of output as estimated by the nonpartisan Congressional Budget Office.
This is a measure of the economy’s potential to produce goods and services based on the supply of people working and how productive they are. In downturns actual output drops below potential and slows inflation. In advanced stages of expansions output can exceed potential and cause the economy to overheat.
WASHINGTON—U.S. industrial output rose sharply in April, the latest evidence that economic growth is picking up following a lackluster start to the year.
Industrial production—a measure of output at factories, mines and utilities—jumped 1.0% from a month earlier, the Federal Reserve said Tuesday. That was the largest gain in more than three years.The strong showing follows a string of upbeat April indicators, including the unemployment rate falling to its lowest level since 2007, solid consumer spending gains at online
Donald Trump has promised repeatedly throughout his campaign to save the U.S. coal industry after years of bankruptcies and dwindling job prospects for coal miners. On Tuesday, he stood before a crowd in Virginia with "Trump Digs Coal" signs and declared that he was the "last shot for the miners."
But experts say Trump's plan, to the extent that he has has one, is removed from the tough economic reality of coal, which has been forced to compete with the declining price of alternatives like natural gas and renewable energy sources, even as federal regulations push the U.S. away from fossil fuels. And many believe that Trump's possibly futile focus on saving the coal industry detracts attention from the real proposals needed to help coal workers transition into new jobs in a new industry. "We really want the solar industry to come to the table now and find ways to get more jobs going in some of these communities that need jobs," says Van Jones, an environmental activist who served as President Obama's first-term green jobs czar. "If we’re concerned about coal country, and I am, we have to do a lot more than just yell."
The tweet criticizing the company came shortly after a report on the industrial-bearings company aired on NBC's “Nightly News.”
Three new Ivanka Trump brand trademarks were approved in China on the same day Ivanka Trump and husband Jared Kushner sat next to Chinese President Xi Jinping and wife Peng Liyuan earlier this month at a Mar-a-Lago state dinner, The Associated Press reported early Tuesday.
Xi visited Mar-a-Lago, President Trump's luxury resort in Palm Beach, Fla., on April 6. Trump and Kushner attended the state dinner that evening, sitting next to the world leader. The AP found that three trademarks that confer monopoly rights to sell Ivanka brand jewelry, bags and spa services were approved in China on the same day as the dinner.
Confidence among chief executives of U.S.-based companies — and relative to other CEOs around the world — just experienced one of the largest single-quarter gains in history, up by 4.2 points in the quarterly YPO Global Pulse survey. Why? By now it's easy to just say "Trump." Here's an underappreciated part of that business optimism story.
Last week President Donald Trump signed an executive order requiring that for every new federal regulation that's adopted, two old ones must be scrapped. This goes a step further than Canada's One-for-One Rule, implemented in 2012. It managed to save Canadian businesses more than $22 million and 290,000 compliance hours between 2012 and 2014 alone, according to the Government of Canada.
Since taking office 20th January, Trump has signed 16 executive orders, met with an array of foreign leaders, delivered an unforgettable speech to congress, and made a meaningful impact on restoring the nation to prosperity. Here we look at what Trump has achieved in his first 50 days in office.
Jack Ma (R), founder and executive chairman of Alibaba Group, and President-elect Donald Trump pose for the media after their meeting at Trump Tower January 9, 2017. Alibaba's Jack Ma says job creation will focus on small business
13 Hours Ago | 03:31