Trump refers to US-China trade dispute as a 'little squabble'

President Trump on Tuesday called the trade dispute between the U.S. and China a “little squabble,” as he sought to calm financial markets rattled by the escalating standoff involving the world’s two largest economies.

“We’re having a little squabble with China because we’ve been treated very, very unfairly for many decades,” Trump told reporters at the White House before departing for Louisiana. “I think it’s going to turn out extremely well, we’re in a strong position.”

Trump said his “extraordinary” relationship with Chinese President Xi Jinping remains “very good” and insisted that talks with Beijing have not collapsed, even though he decided to raise tariffs on Chinese goods after negotiations ended last week without a deal.

“We have a very good dialogue going. It will always continue,” the president said.

Trump said Chinese officials “want to make a deal” and an agreement “could absolutely happen” but said the U.S. is happy to collect additional revenue from tariffs in the meantime.

“You want to know something? We always win,” he added.

The Dow Jones Industrial Average and the S&P 500 closed on Monday in the worst day since Jan. 3 after China said it would ramp up tariffs on $60 billion in U.S. imports in retaliation for Trump’s decision.

Trump said he “wasn’t surprised” by the increased Chinese tariffs, but said he is looking "very strongly” at slapping new tariffs on an additional $325 billion in Chinese goods, which would cover almost all of the imports the U.S. brings in from China and dramatically escalate the conflict.

Comments

Biden's connections to Chinese money under scrutiny

President Joe Biden is under investigation for holding on to classified documents from his time in the Obama administration, but now lawmakers have a new question: did Chinese money influence Biden’s policies? The question arose when news broke that some of the classified documents were reportedly found in a closet at the Penn Biden Center, which House Oversight lawmakers say has taken millions of dollars from “anonymous Chinese sources.” “The Penn Biden Center appears to have acted as a foreign-sponsored source of income for much of a Biden Administration in-waiting,” House Oversight Chair Rep. James Comer, R-Ky., said in a letter to Mary Magill, the group’s president. “Between 2017 and 2019, UPenn paid President Biden more than $900,000, and the university employed at least 10 people at the Penn Biden Center who later became senior Biden administration officials. This level of access and opportunity raises questions about who had access to the classified documents found at the Penn

Randall County gives update on area flooding and road closures

According to the National Weather Service, rain is likely for the Central and East Texas Panhandle this afternoon, and will affect Randall County and the City of Canyon. The severe storm threat will be from 1:00 pm to 10:00 pm today, which will bring flash flooding, golf ball size hail, and strong winds. Because rivers are high and soil is saturated, there is an elevated chance of flooding due to these storms. The flood watch is expected to last from 1:00 pm today until 7:00 am Saturday morning. Randall County and City of Canyon officials, including leadership from the Villages of Lake Tanglewood, Timbercreek Canyon, and Palisades, are currently working to remove debris near dams and waterways in an effort to keep spillways working as designed, mitigate damage to these structures, and keep floodwaters from pooling in areas where property damage or hazardous conditions could result. Due to a large amount of debris, high water levels, and swift-running water, all lakes will remain clo

Texas House adjourns special session after passing property tax, border legislation

The first special session of the 88th Texas Legislature lasted one day for the House as it adjourned sine die after expediting filing and passage of its property tax and border-related bill. Gov. Greg Abbott called a special session immediately after the regular session ended Monday evening without a property tax bill having passed. He placed two items on the call: provide property tax relief solely through compression of school district Maintenance & Operations rates, and pass an criminal penalty increase for human smuggling and operating a stash house. Both chambers expedited their priority bills on the two issues, passing them to their opposite chamber. But whereas the Senate adjourned until Friday after passing its pair, the House adjourned sine die, ending its first special session this year after one day. “When Governor Abbott declared a special session yesterday evening, we had every intention of gaveling in this morning, fulfilling the Governor’s call, and gaveling out,” S

APD investigating Sunday morning shooting

Early Sunday morning, Amarillo police officers responded to a shooting the 3100 block of Westhaven Drive. When officers arrived, they found one person had been shot with a shotgun. The victim was taken to an area hospital with non-life-threatening injuries. APD violent crime detectives and patrol officers obtained statements from witnesses on the scene and this incident. No arrests have been made and this shooting is still under investigation.

Guess what? People want affordable energy

So how is Joe Biden’s war on conventional energy and “things that work” shaping up so far? If you ask the people in the administration and the various climate alarmists around the country, things are going swimmingly. Bans on gas-powered vehicles are being enacted in multiple states and issuance of drilling permits for oil and gas remain locked up in bureaucratic red tape. Wind farms and solar arrays funded by massive and unsustainable subsidies that burden taxpayers continue to be erected. But how is this all sitting with the public in general? According to the most recent polling presented by the American Energy Alliance, not very well at all: The American Energy Alliance and the Committee to Unleash Prosperity recently completed a nationwide survey of 1000 likely voters (3.1% margin of error) executed in the first two weeks of May. A full slide deck of the results can be found here. As Mike McKenna of MWR Strategies notes, there are a few salient points worth noting. “First, and

High Plains Pundit

Search This Blog