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Tag Archives: Donald Trump

South Korean President Moon Jae-in to Meet President Trump

The lead up to the coming meeting between President Moon Jae-in of South Korea and President Donald Trump is full of anticipation over the many things the two leaders are preparing to discuss.

One of those issues concerns South Koreans desire to import more American shale gas and also build new factories in the United States.

The summit is scheduled for next week in Washington, DC. South Korea’s largest business group, the Korea Chamber of Commerce, are preparing a large gamut of new investment opportunities which can potentially be a source of job growth for the US. Offering jobs to US citizens should give the Koreans a better position vis a vis the enlarging trade imbalance in favor of Korea which is of special concern to the isolationist tendencies of President Trump.

Samsung Electronics announced earlier this week that it plans to build a new appliance factory in South Carolina for about $380 million. In addition, the giant consumer electronics company would like to beef up its semiconductor plant in Texas for about $1.5 billion. Additional states in the US can also expect some job growth if LG Electronics implements its plan to invest $250 million into constructing a new factory to make washing machines in Tennessee, and $300 million on a new building in New Jersey.

Since 2012 the trade deficit the US has with South Korea has almost doubled. At that time, the US and South Korea signed a bilateral trade agreement. Trump criticized this very deal while on the campaign trail last year.

Total trade between the two allies totaled $144.6 billion in 2016, with the US holding a $17 billion deficit.

Daniel Taub Interviewed on CNN

While the Prime Minister of Israel, Benjamin Netanyahu, was in England visiting the recently appointed Prime Minister of the United Kingdom, Theresa May, Daniel Taub, former ambassador to the United Kingdom, discussed current events with CNN international news Anchor Christiane Amanpour. Amanpour’s opening question addressed the issue of settlements, and US President Trump’s recent statement… Continue Reading

Big Business Afraid of Trump Paris Accord Pullout

Some of America’s largest businesses are worried enough about global warming to send off an open letter to the president-elect, Donald Trump, urging him not to flee from the agreement signed in Paris to slow down climate change. The three-hundred companies include 72 which bring in more than $100 million in annual revenues. Among the… Continue Reading

Trump Vows Tax Breaks for Business

Promising to “revolutionize” the tax code in favor of business, Donald Trump revealed a comprehensive and coherent agenda for how he will lure businesses back to the United States through taxation policy. In his address to the Economic Club of Detroit, the Republican candidate for president promised what he called the biggest “tax revolution” since… Continue Reading

Buffet Challenges Trump: Release Your Tax Returns

On the campaign trail in support of Democratic presidential candidate Hillary Clinton, billionaire Warren Buffet challenged Clinton’s rival, Republican candidate Donald Trump, to release his tax returns. The race for the President of the United States is Trump’s first encounter with running for any kind of office. Not a politician, Trump is a businessman who… Continue Reading

US Businesses Find it Hard to Get Behind Trump

The Republican party has traditionally been the political home of business in America. This usual refuge of the wealthy and small-government minded electorate are having their presumptions stood on their heads as Donald Trump appears likely to be the Republican nominee for president in the upcoming election. Just as mainstream Republican party supporters have watched… Continue Reading

Buffet Says Neither President Can Stop US Economy

Warren Buffet, a financial guru for many in the US, says the US economy will continue to grow whether Hillary Clinton or Donald Trump wins the Presidential election. Though neither candidate is yet officially running for president, by the end of the summer, after the Republican and Democratic conventions choose their candidates, the most likely… Continue Reading