Energy News  
TRADE WARS
Ivanka Trump is exception to dad's 'Buy American' rule
By Ben Dooley
Beijing (AFP) March 12, 2017


Trade war will only bring "pain": China
Beijing (AFP) March 11, 2017 - China on Saturday warned the US against launching a trade war, saying that both countries would suffer if US President Donald Trump follows through on his threats.

The billionaire politician has repeatedly accused China of using unfair trade policies to steal jobs from the US, threatening to retaliate with massive tariffs unless Beijing changes tack.

"A trade war is not in the interest of the two countries and the two peoples," China's Minister of Commerce Zhong Shan told reporters on the sidelines of the country's annual political gathering in Beijing.

"It's fair to say trade war will only cause pain without gains."

He said that US exports to China have increased by an average of about 11 percent per year over the last decade, while Chinese exports have only increased by 6.6 percent over the same period, noting that the Asian giant is also a major importer of American goods like soybeans, cars and Boeing airplanes.

"This clearly shows that China and America are very important to each other," he added.

On Thursday, Zhong's American counterpart Wilbur Ross said that the trade conflict with China and other countries has already been on for decades, but the US is just now beginning to fight back.

China is the world's biggest trader in goods. It accounts for about $350 billion of the US trade deficit, about half the total.

The warning was the second time this week that China has railed against a possible trade war, amid growing indications that the Trump administration is serious about pursuing a protectionist agenda.

Last week the United States Trade Representative sent a letter to Congress saying that Americans are not directly subject to rulings by the World Trade Organization, which Washington joined when it was founded in 1995.

The assertion provoked a warning from China's commerce ministry that attempts to ignore the organisation's rules could lead to "a repetition of the trade war of the 1930s."

In his January inauguration speech, US President Donald Trump made a seemingly straightforward pledge: "We will follow two simple rules: buy American and hire American."

His daughter is the exception: even as he spoke, at least eight shipments of Ivanka Trump-branded shoes, bags and clothes -- more than 53.5 tonnes -- were steaming towards American ports from China, according to US Customs bills of lading examined by AFP.

Trump uses his presidential pulpit to censure manufacturers -- both domestic and foreign -- for using overseas labour to make goods for American consumers, but the Ivanka-branded orders have kept rolling in.

More than two tonnes of ladies' polyester woven blouses, 1,600 cowhide leather wallets and 23 tonnes of made-in-China footwear were among at least 82 such shipments that passed US Customs -- almost one per business day -- from Trump's November 8 election win through February 26, records showed.

The goods were made in China by three US companies holding licences to manufacture products for Ivanka Trump's fashion line: garment maker G-III, Mondani Handbags and Marc Fisher Footwear.

Marc Fisher told AFP it had no comment, while the others did not respond to requests.

The first daughter's business has come under scrutiny since major US department store chain Nordstrom announced in February it would stop carrying her products, citing poor sales.

That provoked a scathing attack from Trump and his advisers and even prompted senior counsellor Kellyanne Conway to urge Americans to go out and buy his daughter's products.

The Washington Post reported this week that many had done just that, with February proving a banner month for the brand, in terms of sales.

- 'Very hypocritical' -

More than 1,200 shipments of Trump-branded products have flowed into the US from China and Hong Kong over the past decade, according to an examination of US import data last year by anti-Trump political action committee Our Principles PAC.

During his campaign, Trump defended the licensing of the Trump name for goods made in China -- from shoes to ties to dress shirts -- as smart business.

But at the same time he frequently accused China of stealing US jobs through unfair trade practices and currency manipulation, while also slamming US firms such as Ford and Nabisco for off-shoring.

Since taking office, he has kept up the pressure, vowing to punish domestic and foreign companies that manufacture abroad with massive tariffs of as much as 45 percent.

His frequent fusillades have led some companies to second-guess decisions to build production facilities overseas.

In February, Japanese firm Nisshinbo Holdings, a leading global maker of automobile brake parts, dropped plans to open a factory in Mexico, saying it was due to Trump's trade policies.

But the president has been notably silent on his daughter's products, which are sold in American retailers like Macy's, Lord & Taylor and TJ Maxx.

G-III alone sold $29.4 million of the goods in 2015, and sales in the first nine months of 2016 were up $13.3 million over the same period the previous year, according to the company's public filings.

But rather than chide his daughter's partners for making their products abroad, Trump instead lashed out at Nordstrom last month after it announced it would stop carrying Ivanka's fashion range.

"My daughter has been treated so unfairly by @Nordstrom," he tweeted.

Christopher Balding, an expert on Sino-US trade relations at Peking University, called it "very hypocritical to make (bringing jobs back to the US) a policy plank and manufacture her products in China".

But "in their defence... she couldn't get those products manufactured in the US at a reasonable price point."

However, a long-time garment industry executive who spoke on condition of anonymity told AFP simple products like polyester dresses could "definitely" be made in the US at a similar price once savings from transportation and tariffs are factored in.

"The less labour involved in making the garment, the more they can compete with Asian manufacturers."

- 'Tough policies' -

Late last month, Ivanka sat in on a White House meeting where her father discussed "tough policies" to bring "our jobs back".

"Everything is going to be based on bringing our jobs back," the president said, as he addressed a group of manufacturing moguls from a dozen American firms.

Following the meeting, a spokesperson for the Ivanka Trump brand told AFP the company has "consistently expressed that we share industry leaders' interest in bringing more manufacturing opportunities to the US and are looking forward to being a part of the conversation".

Just not yet: two days later, more than 5,000 Ivanka Trump polyester blouses arrived in Newark, New Jersey.

And at least one shoe factory in southern China has received an order for 10,000 shoes for next season, according to Chinese newspaper the Global Times.

TRADE WARS
Alibaba's Jack Ma blames "outdated" law for fakes
Shanghai (AFP) March 7, 2017
Alibaba's founder Jack Ma urged stronger penalties for selling counterfeits Tuesday in an open letter arguing that "outdated and unrealistic" laws and regulations "encourage" selling and making of fake products. Alibaba has come under fire in recent years for the ease at which knock-off goods are available to consumers on its online Taobao marketplace, which accounts for more than 90 percent ... read more

Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


Comment on this article using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
New Zealand lauded for renewables, but challenges remain

EU parliament backs draft carbon trading reforms

Taiwan lantern makers go green for festival of lights

Republican ex-top diplomats propose a carbon tax

TRADE WARS
ABB delivers first urban battery storage solution in Denmark to support renewables

Space energy technology restored to make power stations more efficient

Confined nanoparticles improve hydrogen storage materials performance

New path suggested for nuclear fusion

TRADE WARS
Wind energy gaining traction, U.S. trade group says

French, Spanish companies set for more wind power off coast of France

German company to store US wind energy in batteries in Texas

Breakthrough research for testing and arranging vertical axis wind turbines

TRADE WARS
U.S. solar market set new record in 2016

King County Metro signs Urban Solar on for rare 10 year contract

New study shines light on photosynthesis

Gaz Metro Acquires Standard Solar

TRADE WARS
UN nuclear chief set for third term

Completion of dismantling of nuclear facilities at the Cadarache MOX plant

EU approves Hungary's Kremlin-backed nuclear plant

Areva narrows losses in 2016

TRADE WARS
Turning food waste into tires

New materials could turn water into the fuel of the future

Novel 3-D manufacturing leads to highly complex, bio-like materials

Yeast cell factories make gas, jet fuel alternatives

TRADE WARS
U.S. rig counts increased in February

Oil falls to below $49 per barrel in selloff

Argonne invents reusable sponge that soaks up oil

Tillerson recuses himself from Keystone XL decision

TRADE WARS
Canada faces 'herculean shift' to meet climate targets

Study reveals the atmospheric footprint of global warming hiatus

Bringing water to Kenya's drought-stricken wildlife

Trump team divided over Paris climate agreement









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.