Tag Archive : trump

As AMLO’s MORENA Party Wins Big in Mexico Election, Trump’s Tariffs Loom

The National Regeneration Movement, known as MORENA and led by Mexico President Andrés Manuel López Obrador (AMLO), won two governorships and many local elections in yesterday’s vote, which took place in six Mexican states.

The elections underscore AMLO’s popularity nearly one year after he easily won the Presidency, and his party won majorities in both houses of Congress. No Mexican President since 1997 has won such a broad mandate.

The vote marks the first since AMLO’s inauguration in December. MORENA won governorships in Baja California and Puebla. It also won mayoral offices and seats in statehouses. Read More

U.S. Imposes Sanctions Against Iran Financial Network

The U.S sanctioned a network of Iranian companies worth billions on Tuesday, including banks and funds accused of financing the country’s paramilitary apparatus. Washington’s move increases pressure on Tehran, sending a message to governments and companies still working with Iran to stop or face penalties.

The U.S.’s goal in targeting the Basij militia’s financing network, emphasizing the network’s use of child soldiers and other humans rights abuses in its announcement of the sanctions, is to undermine the financing of the prominent Islamic Revolutionary Guard corps unit and disincentivize the doing of business with the nation.

“The IRGC is pervasive within the Iranian economy,” a senior administration official said. “This is precisely the kind of activity that we have warned other companies and governments about extensively.”

Firms are leaving Iran as the U.S. increases sanctions meant ensure Tehran renegotiates a new nuclear and security deals that addresses Trump administration concerns, writes the Wall Street Journal.

Companies and governments in China and Europe may still trade with Tehran in order to have access to the country’s oil – effectively amounting to an opposition to Washington’s having left the 2015 Iran nuclear deal.

U.S. Treasury sanctions claim Basij’s ownership of banks and companies spans across the entire Iranian economy. These entities are subject to U.S. sanctions effective November 5 – the second phase in Washington’s new pressure campaign meant to cut Iran from financial and trade ties to the world.

Human-rights groups condemned the sanctions, which were announced on Tuesday. The European Union and other Western governments blacklisted the sanctions. Companies or banks could face U.S. penalties for preserving ties with Iran.

Alireza Miryousefi, spokesman for Iran’s mission to the United Nations, called the sanctions a “unilateral campaign of bellicosity against Iran.”

The Treasury says Mehr Eqtesad Bank is integral to the Basij network. U.S. officials claim it provides hundreds of millions of dollars to the militia’s foundation through dividends and interest-free credit lines.

Bank Mellat, which in part financed Iran’s nuclear program, sent similar amounts to Mehr Eqtesad Bank, claims the U.S..

“This vast network provides financial infrastructure to the Basij’s efforts to recruit, train and indoctrinate child soldiers who are coerced into combat under the IRGC’s direction,” U.S. Treasury Secretary Steven Mnuchin said. “The international community must understand that business entanglements with the [Basij] network and IRGC front companies have real world humanitarian consequences.”

A senior U.S. official added: “We’re going to make sure, whether it’s through SWIFT or through other means, that sanctions are enforced. If there are prohibited transactions, going through SWIFT or any other entity, we’re going to make sure we enforce those sanctions quite vigorously.”

Dow Surges Despite Trump’s New Tariffs On $200 Billion Worth Of Chinese Goods

The latest tariffs on American and Chinese goods aren’t as severe as expected, making stocks rise on Tuesday. Substantial profits in tech also propelled market gains.

The S&P 500 increased 0.5 percent to close at 2,904.31, headed by buyer discretionary spending and industrials. It is also less than half a percent from its record high. Read More

Donald Trump Unveils New US Business Policy in SHOCKING Tweetstorm



President elect Donald J Trump took to Twitter last week to promise punitive actions for those companies who left the US. It’s hardly the sort of free trade beliefs he pushed during the election, and a nightmare scenario for US business.

Mr. Trump outlined what could become one of his legacy policies as President of the United States in a tweetstorm.

Mr. Trump first tweeted,“Just tried watching Saturday Night Live – unwatchable! Totally biased, not funny and the Baldwin impersonation just can’t get any worse. Sad”

He then launched the bombshell US business policy on which there will be a tax for US companies, who re-incorporated abroad, to sell their products back to US businesses and consumers.

That Mr. Trump fails to distinguish between small and big companies – “any business” he tweets – could have implications for thousands of small and family businesses.

“The U.S. is going to substantially reduce taxes and regulations on businesses, but any business that leaves our country for another country,” Trump’s first tweet of on the subject begins, “fires its employees, builds a new factory or plant in the other country, and then thinks it will sell its product back into the U.S.  ……

without retribution or consequence, is WRONG! There will be a tax on our soon to be strong border of 35% for these companies …..”

Trump spells out why: this will make it harder for US companies to escape.

Across the tweets, the President essentially threatens US companies, offering back nothing more than a promise of future low taxes for those who obey.

“these companies are able to move between all 50 states, with no tax or tariff being charged,” he tweets. “Please be forewarned prior to making a very …expensive mistake!

In a truly Orwellian ending, Mr. Trump tweets: “THE UNITED STATES IS OPEN FOR BUSINESS”

We were watching when last week Mr. Trump declared at a rally in Indiana, “companies are not going to leave the US anymore without consequences.” We waited for him to elaborate. He has.

CEO’s are asking, ‘Who’s next?’ in context of last week’s Carrier deal.

Sarah Palin called that deal “crony capitalism.” Mike Pence denied it. Mr Trump, meanwhile, uses the Carrier deal as an example of a business first approach.

Mr. Trump’s actions could disrupt balances in the ‘Chimerica’ arrangement with China, prompting a trade war so soon as his first 100 days in office.

Trump: “Companies are not going to leave the United States anymore without consequences”



“Companies are not going to leave the United States anymore without consequences. Not going to happen. It’s not going to happen, I’ll tell you right now,” Trump said on Thursday at a rally in Indiana as he boasted about the job’s he’d saved at Carrier, a company that purportedly planned to go to move 2,100 jobs to Mexico.

Read More

Check Out President Trump’s 24k Vodka

Trump’s 24k vodka might now be defunct, but its demonstrative of the President’s love for the yellow metal, and a big reason why the goldbug community supported the businessman for President. The vodka bottle even looks like a gold brick.

Donald Trump predicted back in 2006 it’d be America’s favorite vodka. Read More

Trump & Clinton Debate Sex Assault Comments Tape

Early in the Presidential Debate, attention turned to recent recordings leaked from a 2005 discussion in which Trump made derogatory comments towards women.

“This was locker room talk,” he said. “I’m not proud of it. I apologize to my family, to the American people. Certainly, I’m not proud of it.”

He added: “I have great respect for women. Nobody has more respect for women than i do. You hear these things. I was embarrassed by it. I have tremendous respect for women, and women have respect for me.” 

Like everyone else, I spent a lot of thinking over the last 48 hrs about what we heard and saw,” Mrs. Clinton said. “With prior republican nominees, I disagreed with them on policies and principles, but I never questioned their fitness to serve. Donald trump is different. I said starting back in June he was not fit to be commander and chief.  And many republicans and independents have said the same thing. What we all saw and heard on Friday was Donald talking about women, what he thinks about women, what he does to women, and he has said the video doesn’t represent who he is. But i think it’s clear to anyone who heard it that it represents  who he is. We’ve seen this throughout the campaign, we have seen him assault women, rate women on appearance, ranking them from 1 to 10, we’ve seen him embarrass woman on TV and Twitter. We saw him after the first debate, nearly a week denigrating a former miss universe in the harshest most personal terms.”

She added: “Yes, this is who Donald Trump is. But it’s not only women, and it;s not only this video that raises questions about his fitness to be our president because he has also targeted immigrants, native americans, latinos, people with disabilities, pows, muslims and so many others.”

Trump concluded: “Its just words, those words. I’ve been hearing them for many years, I heard them when they were running senate where Hillary was gonna bring jobs back to upstate New York and she failed. Hillary is constantly talking about inner cities which are a disaster education wise.  I am going to help african americans, latinos, hispanics.” He then evoked Bill Clinton.

“What President Clinton did he was impeached, lost his license to practice law, he had to pay 850k to one of the women, Paula Jones,” he said. “I will tell you, that when Hillary brings up a point like that and she talks about words i said years ago, i think it’s disgraceful and I think she should be ashamed of herself.”

Clinton then riposted: “I am reminded of what my friend Michelle Obama advised us all: ‘when they go low, you go high.'”