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President Trump plans to meet with members of his trade team Saturday to receive an update on ongoing negotiations with China, the White House said.

“President Trump plans to meet with members of his trade team Saturday to receive an update on ongoing negotiations with China, the White House said” reports washingtonexaminer.com. Press secretary Sarah Sanders said Trump will meet at his Mar-a-Lago resort in Florida with Trade Representative Robert Lighthizer, Commerce Secretary Wilbur Ross, chief of staff Mick Mulvaney, and trade adviser Peter Navarro.Trump has pledged to raise tariffs on $200 billion worth of Chinese goods — to 20 percent, compared to 10 percent currently — if the U.S. and China cannot reach an…

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Canada’s Freeland pushes end of steel, aluminum tariffs in meeting with Pelosi

“Freeland said that while Canada is now focused on its domestic ratification process for the U.S.-Mexico-Canada (USMCA) trade deal, it remains strongly opposed to the Section 232 tariffs on steel and aluminum” writes Midwest Communications Inc for 95kqds.com. “The Canada position is now that we have concluded (USMCA) that is all the more reason why the tariffs must be lifted,” she said on a conference call with reporters. Source: 95kqds.com

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Markets News 

Most Cryptos See Gentle Green Amid Exceedingly Calm Market Picture

“The altcoin has thus again dislodged EOS and Bitcoin Cash (BCH) as fourth-largest cryptocurrency by market cap, which it holds with a market cap of around $990 million” writes Marie Huillet for cointelegraph.com. Ripple (XRP) — like its larger market cap counterparts — is seeing virtually no price change on the day, and is trading around $0.301 at press time.On the month, Ethereum is similarly stable, trading at virtually the same price point (0.4 percent down) as in mid-January.On the month, the coin has seen virtually no movement, trading down…

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Automakers brace for U.S. government report on import tariffs

“Known as a Section 232 investigation, the probe’s purpose is to determine the effects of imports on national security” reports autoblog.com. “There is no way that minivans from Canada are a national security threat,” Portman told reporters.Trump said on Friday that tariffs protect industry and also help win trade agreements.”Nobody I’ve talked to in the industry thinks the report won’t recommend tariffs” in view of the Trump administration’s stated trade priorities, said an automotive official who spoke on condition of anonymity. Source: autoblog.com

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GBP News 

Hammond’s China trip scuppered after Williamson remarks

“Philip Hammond is not going to China this weekend for trade talks, following reports that Beijing scuppered advanced preparations for a meeting after the defence secretary, Gavin Williamson, threatened to deploy a warship in the Pacific” writes Mattha Busby for theguardian.com. It is believed that there is an internal row brewing between the Treasury and the defence department over Williamson’s remarks, which the former chancellor George Osborne described as a throwback to an era of “gunboat diplomacy”. Source: theguardian.com

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Trump seems worried about falling short on a US-China trade deal. He has good reason to be, according to experts.

“But it has denied engaging in practices Washington wants to change, including the forced transfer of American trade secrets” writes Gina Heeb for businessinsider.com. After multiple meetings between high-level trade delegations from each country, there has been little evidence China has committed to the structural changes the US seeks. Source: businessinsider.com

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NHL trade rumors: Edmonton Oilers open to trading Jesse Puljujarvi

“With 10 days left until the NHL trade deadline, the Edmonton Oilers are willing to trade winger Jesse Puljujarvi for the right offer, TSN’s Ryan Rishaug reports” writes Mark Suleymanov for sportingnews.com. After Ken Hitchcock took over as head coach, one of his firsts requests was for Puljujarvi to be recalled from the AHL. MORE: When is the NHL trade deadline 2019?.  Source: sportingnews.com

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Trump’s next national security charade: Car tariffs

“President Trump has already used national security to justify damaging steel and aluminum tariffs” reports washingtonexaminer.com. A report from the Department of Commerce on its determination of the national security implications of imported cars and car parts is due to the White House by Feb. 17.To understand why Trump would be interested in imposing new taxes, and tariffs are definitely taxes, it’s critical to look at Trump’s 2020 political ambitions.Typically, Republicans have understood this and been a pretty pro-free trade bunch, leaving protectionist tariffs and raising taxes to Democrats. Source: washingtonexaminer.com

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