By Jason Leopold (Bloomberg) — Former President Donald Trump’s White House asked the US Navy to hide a warship named after John McCain on his 2019 visit to Japan, stunning naval…
president trump
Biden Admin Seeks to Restore Offshore Safety Rules Sparked By Deepwater Horizon Disaster
Sept 12 (Reuters) – The Biden administration on Monday proposed offshore drilling safety measures that it said would help prevent oil spills and protect workers and the environment. The proposal aims to restore safety…
https://gcaptain.com/biden-restore-offshore-safety-rules-sparked-by-deepwater-horizon/
Lordstown Motors closes plant sale to Taiwan’s Foxconn
Lordstown Motors Corp. has sold a former General Motors plant it essentially got for free, netting about $257 million to keep its commercial electric pickup truck production on track. But the new plant owner — Taiwan electronics maker Foxconn — will build the trucks as part of the deal.
The clock was ticking against a Saturday deadline that would have forced LMC to forfeit most of its assets to repay $200 million Foxconn advanced on the plant purchase.
The cash infusion clears some of the rocks...
https://www.freightwaves.com/news/lordstown-motors-closes-plant-sale-to-taiwans-foxconn
Republican Senators Urge Biden to End Trump-Initiated Trade War
By Laura Davison (Bloomberg) — A group of Republican lawmakers asked President Joe Biden to end the “self-inflicted harm” his GOP predecessor, Donald Trump, caused in starting a multi-front trade war with…
Teamsters see pro-labor proposal leveling playing field at XPO
Legislation that the International Brotherhood of Teamsters asserts will make collective bargaining more fair at XPO Logistics [NYSE: XPO] and other trucking companies has the potential to gain traction in the current Congress – and it has the full support of President Joe Biden.
The Protecting the Right to Organize (PRO) Act was introduced in February and House Majority Leader Steny Hoyer, D-Md., said he plans to take it up for consideration next week. The bill was approved by the House when it...
https://www.freightwaves.com/news/teamsters-see-pro-labor-proposal-leveling-playing-field-at-xpo
Biden Trade Pick Says China Must Deliver on Phase-One Pact
By Eric Martin and Jenny Leonard (Bloomberg) — President Joe Biden’s nominee for trade chief called on China to live up to the commitments in its trade pact with the U.S. — the…
U.S. Annual Trade Gap Grows to Biggest Since Financial Crisis
By Eric Martin (Bloomberg) — The U.S. last year posted its biggest annual trade deficit since 2008 as the global health crisis depressed export markets for American companies. The gap in…
Trump’s Trade Deal with China Under Review, White House Says
By Jenny Leonard and Josh Wingrove (Bloomberg) — The Biden administration has former President Donald Trump’s so-called phase-one trade deal with China “under review” along with the rest of the U.S….
How America Lost Trump’s ‘Easy to Win’ Trade War with China
By Bloomberg News – U.S. President Donald Trump famously tweeted that “trade wars were good, and easy to win” in 2018 as he began to impose tariffs on about $360 billion of imports from China….
U.S. Trade Gap Widened to Second-Biggest on Record in November
By Eric Martin (Bloomberg) — The U.S. trade deficit widened to the second-largest on record in November as merchandise imports reached a more than one-year high in the midst of the…