According to a report from the U.S. government data and consulting agency, the amount of foreign direct investment in the U.S. has dropped sharply for two consecutive years since 2016. Due to the Trump administration's implementation of isolationist trade policies, increasing unc

Reference News Network reported on August 16th Taiwan media said that according to the report of the US government data and consulting agency, the amount of foreign direct investment in the United States (FDI) has dropped sharply for two consecutive years since 2016. Due to the implementation of isolationist trade policies by the Trump administration, the increase in uncertainties in the US economy, and the cooling of global economic growth, the willingness to invest in foreign capital has dropped significantly.

Taiwan Business Times reported on August 15 that the latest U.S. official data showed that after the U.S. FDI reached a new high of US$440 billion (1 US dollar is about 7 yuan) in 2015, it fell sharply for two consecutive years in 2016 and 2017. Although it rebounded to US$296 billion in 2018, this data still decreased by more than 30% compared with the previous high.

reported that foreign investment has always been the key to driving the growth of US employment, and the sharp decline in FDI amount will inevitably have an impact on the US economy. But Trump insists many times that foreign investment in the United States is increasing.

Trump tweeted on August 6, "The large amount of funds from mainland China and other countries have poured into the United States, for reasons including security, investment and interest rate considerations. Our situation is great. Foreign capital is rushing to the United States, which is great."

The picture shows US President Trump. Xinhua News Agency /Faxin

[Extended Reading] Arouses public anger? The Trump administration has been sued by 22 U.S. states -

Reference News Network reported on August 15 Foreign media said that California Attorney General Bessilla, Governor Newsom and Air Resources Committee Chairman Nichols announced on August 13 that California is passing lawsuits to prevent the Trump administration from abolishing clean energy plans aimed at reducing greenhouse gas emissions from power plants by nearly one-third. So far, 22 states across the United States have initiated lawsuits against the Trump administration's policy.

Singapore Lianhe Zaobao website reported on August 14 that Wheeler, an administrator of the U.S. Environmental Protection Agency, announced in June that the agency is replacing the Obama administration's clean energy program with a policy that reduces emissions by less than 1% by 2030. The federal government negotiates with states for more than a decade of clean energy plans, requiring states to reduce greenhouse gas emissions from power plants by 35% from 2005 levels by 2030.

California Governor Newsom believes that the Trump administration's approach is short-sighted and ignores the welfare of the next generation. He said, "I will only ask this government: How can you look in the eyes of your children and say, anything you are doing is for their good?"

report quoted the Los Angeles Times as saying that Bessilla said at a morning press conference in Sacramento that Trump's attempt to abolish the clean energy plan is stupid and illegal.

Bessilla said: "His fossil fuel protection program disappoints everyone who advocates cleaner air. It has made our recession and now reliant on clean energy more than ever. We are not following Trump's wrong proposals and we are ready to face Trump in court."

According to Bessilla spokesman Taragos, the lawsuit is the 55th time in California's administration and the 27th time in the Environmental Act.

The US " San Francisco Chronicle " reported that the lawsuit believes that the abolition and replacement of the clean energy program will prevent the US Environmental Protection Agency from taking responsibility for reducing power plant pollution, limiting its regulatory rights, and causing the best emission reduction system to not be adopted.

California is at the forefront of the United States in the utilization of clean energy. According to NPC, California officially promised that by 2045, 100% of the state's electricity will come from clean energy.

The picture shows US President Trump. Xinhua News Agency issued

(2019-08-15 00:16:01)

[Extended Reading] Partially gave up the plan to impose tariffs on China Overseas media: Trump also began to worry about

Reference News Network reported on August 15 Overseas media said that US President Trump partially gave up the plan to impose 10% tariffs on the remaining Chinese goods imported to the United States from September 1, postponing the time for imposing tariffs on mobile phones, laptops and many other consumer goods, hoping to alleviate the impact of the new round of tariffs on U.S. holiday sales.

According to Taiwan’s Juheng Network on August 14, Trump said on August 13: "We do this for Christmas to prevent some tariffs from affecting American consumers."

reported that this is the first time that Trump admitted that tariffs may damage sales during the U.S. holiday shopping season.

Also, according to Reuters August 13, the United States delayed the imposition of tariffs on some Chinese goods, which made retailers and technology companies cautiously relieved.

reported that the delay in imposing tariffs has eased the pressure on retailers to a certain extent. The U.S. Chamber of Commerce also expressed appreciation for the tariff extension. The Association of Business Leaders in the Retail Industry said this is welcome news as it will relieve some of the burden on consumers during the holidays.

"This news does bring some trade optimism," said Joseph Sroka, chief investment officer of NovaPoint.

report said that given that toys and footwear were temporarily removed from the tariff list, US stocks rose sharply on August 13, with Nike's stock price rising 2.0%. Shares of toy maker Hasbro and Mattel rose 2.7% and 4.6% respectively.

[Extended Reading] Taiwan media: The "turnaround season" of the US retail industry may be screwed up by Trump

Reference News Network reported on August 14 Taiwan media reported that the US retail industry has been very busy recently. It is estimated that the monthly imports of containers will exceed 1.8 million in the next three months. On the surface, it looks thriving, and everyone wants to make a special profit in the last peak sales season of this year. However, the actual situation is not so optimistic, but rather a hidden crisis. Affected by the recession, the US retail industry has long been shaky. If the US imposes additional tariffs on the mainland, it will become the last straw that crushes the US retail industry.

According to Taiwan's "Want Daily" report on August 13, US President Trump threatened to impose 10% tariffs on US$300 billion of mainland products from September, which may cause the US retail industry to fall into storms again. Originally, the retail industry in the United States was beaten by e-commerce and became the first mainstream industry in the United States to have a sharp decline in employment. Now with the threat of tariff war, whether the US retail industry can pass the so-called peak season has also become the focus of attention of all walks of life.

report pointed out that raising taxes is equivalent to charging consumers more money. The US retail industry has not been operating well recently, and layoffs are everywhere. There will be annual sales seasons such as Christmas and Thanksgiving at the end of the year. This was originally a bargaining chip for the retail industry to turn the tables, but it was screwed up by Trump. He threatened to impose additional tariffs, which put all livelihood supplies in the face of price increases. Now it depends on whether consumers will pay.

report believes that Trump has always hoped that American manufacturing will return and also buy American goods, but this idea is unrealistic. The first thing to consider is that the entire industrial chain does not change at any time, and in addition, the procurement system of American companies does not change at any time, which involves many levels.

But now Trump is calling for tariffs. Wangbao believes that related products will inevitably increase prices, and it seems that the biggest loser is consumers. Because the retail industry in the United States is in a very recession now, it is difficult to absorb the cost of price increase on its own, and in the end it is the consumer who pays the bill.

Data picture: American Street (Xinhua News Agency)

(2019-08-14 00:12:01)