USTR made a determination in its Section 301 investigation into "Acts, Policies, and Practices of Various Economies Related to the Failure To Impose and Effectively Enforce a Prohibition on the Importation of Goods Produced With Forced Labor". USTR proposed the following tariff action in response: for economies that impose a forced labor import prohibition: Canada, Ecuador, the European Union, Indonesia, Mexico, Pakistan, and the United Kingdom. For all other economies that have failed to impose and effectively enforce the prohibition, USTR proposes 12.5% as the rate of additional duties. A hearing was held on July 7 through 9. Written comments were due by July 6 and can be
Iranian attacks on three commercial vessels, including an Oil tanker and an LNG carrier, prompted operators to pause transit attempts. Washington responded with strikes on air-defence systems, command networks, coastal radar and anti-ship capabilities. Tehran retaliated against U.S military facilities in Bahrain and Kuwait. President Donald Trump declared the ceasefire “Over” and withdrew a temporary sanctions waiver covering Iranian oil and petrochemical sales.
SK Hynix raised US$26 billion in its American depositary receipt offering. This is the largest ever US first-time share sale by a foreign company. Asia-Pac stocks rose across the board in overnight trading. In the Middle East, the US and Iran launched strikes, each blaming the other for breaching the MoU. Disagreements over Iran’s desire to toll its shipping lanes through the Strait of Hormuz and Iran's nuclear programme remain unresolved. In Canada, the June employment report is in focus.
Unemployment claims for last week came in at 215,000. The last time it was this low was in 1968 and 1969. The economy has added 3.1 million jobs since January. The layoff rate in healthcare and social assistance is 0.9%, which is better than the economy-wide 1.2%.
Edward Carr looks at the Wrecking-ball revolution in the U.S. as a revolution against the world America created. Donald Trump dumped 66 international bodies, including 31 UN agencies. Marco Rubio declared that the post-war global order is obsolete and being used against the West.
Farmers want to expand the H-2A visa program that brings foreign workers to America's farms. The program has grown by 500% since 2012. It provides workers, primarily from Mexico, for farms that need someone to pick, fertilize and prune crops on a seasonal and temporary basis. The Labor Department warns that increasing resources for immigration enforcement risks supply chain disruptions.
President Trump will ask the Supreme Court to rehear the birthright citizenship case. Mission Regional Medical Center put up billboards in Mexico selling American citizenship packages for $4000. Texas’s Health and Human Services Commission is investigating Mission Hospital for aiding and abetting immigration fraud.
USTR made a determination in its Section 301 investigation into "Acts, Policies, and Practices of Various Economies Related to the Failure To Impose and Effectively Enforce a Prohibition on the Importation of Goods Produced With Forced Labor". USTR proposed the following tariff action in response: for economies that impose a forced labor import prohibition: Canada, Ecuador, the European Union, Indonesia, Mexico, Pakistan, and the United Kingdom. For all other economies that have failed to impose and effectively enforce the prohibition, USTR proposes 12.5% as the rate of additional duties. A hearing was held on July 7 through 9. Written comments were due by July 6 and can be
Iranian attacks on three commercial vessels, including an Oil tanker and an LNG carrier, prompted operators to pause transit attempts. Washington responded with strikes on air-defence systems, command networks, coastal radar and anti-ship capabilities. Tehran retaliated against U.S military facilities in Bahrain and Kuwait. President Donald Trump declared the ceasefire “Over” and withdrew a temporary sanctions waiver covering Iranian oil and petrochemical sales.
SK Hynix raised US$26 billion in its American depositary receipt offering. This is the largest ever US first-time share sale by a foreign company. Asia-Pac stocks rose across the board in overnight trading. In the Middle East, the US and Iran launched strikes, each blaming the other for breaching the MoU. Disagreements over Iran’s desire to toll its shipping lanes through the Strait of Hormuz and Iran's nuclear programme remain unresolved. In Canada, the June employment report is in focus.
Unemployment claims for last week came in at 215,000. The last time it was this low was in 1968 and 1969. The economy has added 3.1 million jobs since January. The layoff rate in healthcare and social assistance is 0.9%, which is better than the economy-wide 1.2%.
Edward Carr looks at the Wrecking-ball revolution in the U.S. as a revolution against the world America created. Donald Trump dumped 66 international bodies, including 31 UN agencies. Marco Rubio declared that the post-war global order is obsolete and being used against the West.
Farmers want to expand the H-2A visa program that brings foreign workers to America's farms. The program has grown by 500% since 2012. It provides workers, primarily from Mexico, for farms that need someone to pick, fertilize and prune crops on a seasonal and temporary basis. The Labor Department warns that increasing resources for immigration enforcement risks supply chain disruptions.
President Trump will ask the Supreme Court to rehear the birthright citizenship case. Mission Regional Medical Center put up billboards in Mexico selling American citizenship packages for $4000. Texas’s Health and Human Services Commission is investigating Mission Hospital for aiding and abetting immigration fraud.