Friday, February 24, 2017 7:56:34 PM
Manufacturing CEOs Push Border Tax During Meeting With Trump
"For Americans, Trump’s tariffs on imports could be costly"
by Shannon Pettypiece, Justin Sink, and Matthew Townsend
24 February,2017, 11:18 am AEDT
[...]
Taking part in a session on the workforce of the future, Liveris said there must be a “systemic fix” to address
the shortage of workers prepared for jobs requiring skills in science, technology, engineering and mathematics.
“We have supply-side issues today,” he said, “half a million open STEM jobs that we can’t fill. We need to fill them with Americans.”
He also said community colleges need to provide more vocational training for “the noble trades,” which had been a priority of the Obama administration.
Trump has used previous meetings with companies to encourage corporate leaders to build their products in the U.S., offering
tax breaks and lower regulation to bring down costs -- and warning that he wants to raise tariffs on products produced overseas.
https://www.bloomberg.com/politics/articles/2017-02-24/manufacturing-ceos-push-border-tax-during-meeting-with-trump
--
If Trump imposes punitive tariffs, Europe must counter them: Merkel ally
Fri Feb 24, 2017 | 7:02pm EST
http://www.reuters.com/article/us-germany-usa-trade-idUSKBN164001?il=0
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BHP Holds Talks With Trump Amid Concerns on Tariffs, Climate
by David Stringer
11 January,2017, 10:17 am AEDT 11 January,2017, 6:36 pm AEDT
* BHP CEO, chairman meet with president-elect in New York
* Trump’s infrastructure pledges seen as positive for demand
Executives from BHP Billiton Geoff Healy, from left, Andrew Mackenzie, and Jack Nasser stand in the lobby of Trump Tower in New York,
on Jan. 10, 2017, before meeting with President-elect Donald Trump. Photographer: Evan Vucci/AP Photo
Executives from BHP Billiton Ltd. .. https://www.bloomberg.com/quote/BHP:AU , the world’s biggest miner, met with President-elect Donald Trump for talks on the industry, as the incoming administration’s pledges to boost infrastructure spending lift metals and producers.
Chief Executive Officer Andrew Mackenzie and Chairman Jacques Nasser met Tuesday in New York with Trump and Vice President-elect Mike Pence to discuss subjects including the resources sector and BHP’s investments in the U.S., according to a statement Wednesday from the Melbourne-based company.
Mackenzie told investors at a November meeting that BHP hoped Trump’s administration would honor commitments by the U.S. to global climate change accords, while Nasser warned at the meeting over risks of any move by the president-elect to impose large tariffs on Chinese imports. The company declined to immediately provide details of specific issues discussed in Tuesday’s talks.
BHP is the largest overseas investor in U.S. shale, has offshore oil and gas assets in the Gulf of Mexico and is a partner with Rio Tinto Group in a copper project in Arizona. London-based Rio is seeking talks with Trump’s administration, CEO Jean-Sebastien Jacques said last month .. https://www.bloomberg.com/news/terminal/OH6MEF6TTDS9 .. in Melbourne.
Miners’ Boost
Trump’s signals that he could spend billions of dollars to rebuild U.S. infrastructure lifted metals and producers in the wake of his election, promising to bolster global demand and add to a commodities price revival driven in 2016 by stimulus in China. The Bloomberg World Mining Index has advanced about 4.6 percent since Trump’s victory in November, while the London Metal Exchange Index of six key metals jumped about 6 percent.
BHP stock rose 2.6 percent in Sydney on Wednesday to the highest close since Dec. 13.
While Trump has promised to build roads, bridges and airports, the U.S. remains a smaller metals consumer and less reliant on imports than China. A 10 percent surge in U.S. copper demand would be equivalent to just a 1.5 percent gain in consumption in China, the world’s No. 1 user of commodities, UBS Group AG estimates.
Trump’s spokesman Sean Spicer confirmed .. https://www.bloomberg.com/news/terminal/OJKPPC6S972U .. BHP executives were among those to hold meetings Tuesday with the incoming administration.
https://www.bloomberg.com/news/articles/2017-01-10/bhp-held-talks-with-trump-amid-china-tariff-climate-concerns
"For Americans, Trump’s tariffs on imports could be costly"
by Shannon Pettypiece, Justin Sink, and Matthew Townsend
24 February,2017, 11:18 am AEDT
[...]
Taking part in a session on the workforce of the future, Liveris said there must be a “systemic fix” to address
the shortage of workers prepared for jobs requiring skills in science, technology, engineering and mathematics.
“We have supply-side issues today,” he said, “half a million open STEM jobs that we can’t fill. We need to fill them with Americans.”
He also said community colleges need to provide more vocational training for “the noble trades,” which had been a priority of the Obama administration.
Trump has used previous meetings with companies to encourage corporate leaders to build their products in the U.S., offering
tax breaks and lower regulation to bring down costs -- and warning that he wants to raise tariffs on products produced overseas.
https://www.bloomberg.com/politics/articles/2017-02-24/manufacturing-ceos-push-border-tax-during-meeting-with-trump
--
If Trump imposes punitive tariffs, Europe must counter them: Merkel ally
Fri Feb 24, 2017 | 7:02pm EST
http://www.reuters.com/article/us-germany-usa-trade-idUSKBN164001?il=0
--
BHP Holds Talks With Trump Amid Concerns on Tariffs, Climate
by David Stringer
11 January,2017, 10:17 am AEDT 11 January,2017, 6:36 pm AEDT
* BHP CEO, chairman meet with president-elect in New York
* Trump’s infrastructure pledges seen as positive for demand
Executives from BHP Billiton Geoff Healy, from left, Andrew Mackenzie, and Jack Nasser stand in the lobby of Trump Tower in New York,
on Jan. 10, 2017, before meeting with President-elect Donald Trump. Photographer: Evan Vucci/AP Photo
Executives from BHP Billiton Ltd. .. https://www.bloomberg.com/quote/BHP:AU , the world’s biggest miner, met with President-elect Donald Trump for talks on the industry, as the incoming administration’s pledges to boost infrastructure spending lift metals and producers.
Chief Executive Officer Andrew Mackenzie and Chairman Jacques Nasser met Tuesday in New York with Trump and Vice President-elect Mike Pence to discuss subjects including the resources sector and BHP’s investments in the U.S., according to a statement Wednesday from the Melbourne-based company.
Mackenzie told investors at a November meeting that BHP hoped Trump’s administration would honor commitments by the U.S. to global climate change accords, while Nasser warned at the meeting over risks of any move by the president-elect to impose large tariffs on Chinese imports. The company declined to immediately provide details of specific issues discussed in Tuesday’s talks.
BHP is the largest overseas investor in U.S. shale, has offshore oil and gas assets in the Gulf of Mexico and is a partner with Rio Tinto Group in a copper project in Arizona. London-based Rio is seeking talks with Trump’s administration, CEO Jean-Sebastien Jacques said last month .. https://www.bloomberg.com/news/terminal/OH6MEF6TTDS9 .. in Melbourne.
Miners’ Boost
Trump’s signals that he could spend billions of dollars to rebuild U.S. infrastructure lifted metals and producers in the wake of his election, promising to bolster global demand and add to a commodities price revival driven in 2016 by stimulus in China. The Bloomberg World Mining Index has advanced about 4.6 percent since Trump’s victory in November, while the London Metal Exchange Index of six key metals jumped about 6 percent.
BHP stock rose 2.6 percent in Sydney on Wednesday to the highest close since Dec. 13.
While Trump has promised to build roads, bridges and airports, the U.S. remains a smaller metals consumer and less reliant on imports than China. A 10 percent surge in U.S. copper demand would be equivalent to just a 1.5 percent gain in consumption in China, the world’s No. 1 user of commodities, UBS Group AG estimates.
Trump’s spokesman Sean Spicer confirmed .. https://www.bloomberg.com/news/terminal/OJKPPC6S972U .. BHP executives were among those to hold meetings Tuesday with the incoming administration.
https://www.bloomberg.com/news/articles/2017-01-10/bhp-held-talks-with-trump-amid-china-tariff-climate-concerns
It was Plato who said, “He, O men, is the wisest, who like Socrates, knows that his wisdom is in truth worth nothing”
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