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Daily Archives: April 6, 2018

Trump Administration Mulls Stiffer Rules for Auto Imports

The Trump administration is considering ways to require imported automobiles to meet stricter environmental standards in order to protect U.S. carmakers, The Wall Street Journal reported Friday.

Responding to the story, White House spokeswoman Sarah Huckabee Sanders said President Donald Trump “will promote free, fair and reciprocal trade practices to grow the U.S. economy and continue to [bring] jobs and manufacturers back to the U.S.”

Citing unnamed senior administration and industry officials, the Journal said Trump had asked several agencies to pursue plans to use existing laws to subject foreign-made cars to stiff emission standards.

It appears such nontariff barriers could have a …read more

Facebook Messenger will soon let you ‘unsend’ messages just like Mark Zuckerberg

Earlier today, TechCrunch broke the news that Facebook had wiped messages Mark Zuckerberg and other executives had sent on Messenger. While Facebook said deleting messages from top management was a security issue, it felt kind of shady, especially considering the company recently admitted its automated systems could scan user messages (again, supposedly for altruistic reasons). Deleting messages is also not a privilege everyone has – but it may soon be. Facebook now says it will allow anyone to unsend messages within the next few months. In a statement to several publications, the company said: We have discussed this feature several …read more

Trump Dismisses Fears of Trade War With China as Threats Ramp Up

U.S. President Donald Trump and his administration said Friday that the United States was not engaged in a trade war with China, even as Trump threatened to impose tariffs on an additional $100 billion worth of Chinese goods and Beijing warned it was willing to fight back.

“This is just a proposed idea, which will be vetted by USTR [the U.S. trade representative], and then open for public comment, so nothing has happened, nothing has been executed,” said White House chief economic adviser Larry Kudlow amid growing concerns about escalating rhetoric between Washington and Beijing.

The economic adviser said Beijing’s theft of …read more

Trade War Fears Send US Stocks Down Again

U.S. stocks plunged again Friday over increasing concerns about a trade war between the United States and China.

The Dow Jones industrial average lost 572 points by the close, shedding 2.3 percent. The Standard & Poor’s 500 dropped nearly 2.2 percent, while the NASDAQ fell nearly 2.3 percent at the end of trading.

Earlier Friday, President Donald Trump continued to protest China’s trade practices after threatening China on Thursday with increased tariffs on $100 billion worth of additional goods.

In a twitter post Friday, Trump said, “China, which is a great economic power, is considered a Developing Nation within the World Trade Organization. …read more