06 Market

U.S. Lending $5 Billion To An American Natural Gas Competitor– thefederalist.com

pgnewser April 22, 2025 0

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The Export-Import Bank recently approved a $5 billion loan to French energy company TotalEnergy to build a liquefied natural gas (LNG) pipeline in Mozambique. An American organization is funding America’s economic competition, contradicting its mission and President Donald Trump’s plans to support U.S.-based businesses.

Ex-Im was established in 1934 via an executive order by Franklin D. Roosevelt as an independent executive agency with the purported goal of supporting American jobs by facilitating the export of U.S. goods and services.

Alaska Gov. Mike Dunleavy just wrapped up a trip to Asia to secure contracts for Alaska’s LNG industry and the construction of its new pipeline. U.S. Energy Secretary Chris Wright is authorizing LNG expansion nationwide. At the same time, Ex-Im is funding a direct competitor. Why? How?

The U.S. slaps even more tariffs on Southeast Asia, as solar panels get anti-dumping duties that go as high as 3,521%– fortune.com

pgnewser April 22, 2025 0

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If you think a 25% tariff is bad, what about a tariff that goes past 3,500%?

On Monday, the U.S. Department of Commerce slapped high tariffs on solar panels and their related products coming from four Southeast Asia countries, Malaysia, Vietnam, Thailand, and Cambodia, accusing manufacturers there of dumping products on the U.S. market. The announcement ends a yearlong trade probe initiated under the Biden administration.

Tariff levels varied wildly between different countries and manufacturers. Solar cells made in Malaysia by Korean company Hanwha only got a tariff of 14.64%, the lowest imposed.

In contrast, four manufacturers in Cambodia—Hounen Solar, Jinktek Photovoltaic, ISC Cambodia and Solar Long PV Tech—got tariffs of 3521.14%. The Southeast Asian country stopped cooperating with the U.S. probe, leading to such high penalties.

IMF says Trump’s tariffs will be a drag on global economic growth – The Washington Post– news.google.com

pgnewser April 22, 2025 0

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  1. IMF says Trump’s tariffs will be a drag on global economic growth  The Washington Post
  2. IMF slashes 2025 U.S. growth forecast to 1.8%, citing trade tensions  CNBC
  3. IMF slashes world growth forecasts due to trade war  politico.eu
  4. US markets live: US growth forecast to be hit hardest from tariffs, IMF says, as  BBC
  5. Alert: International Monetary Fund says economic outlooks for the US and world have worsened significantly due to trade war  San Francisco Chronicle

Trump Admin Expands Mining In ‘First Wave’ Of ‘Critical Mineral Production’– dailycaller.com

pgnewser April 21, 2025 0

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Under President Donald Trump’s administration, the permitting process for “critical mineral” mining is set to be more “transparent” as the greenlit projects will have a public review process.

The Federal Permitting Improvement Steering Council (Permitting Council) announced this adjustment on Friday to bring “increased transparency, accountability, and predictability” to the review process. This comes after the National Energy Dominance Council (NEDC) selected its “first wave” of “critical mineral” projects in accordance with Trump’s March 20 executive order on expanding “American mineral production.”

“This is just the beginning — many more projects are expected to be added to the list on a rolling basis over the next few weeks,” the announcement reads. NEDC flagged 10 initial projects in this “first wave” of domestic mining operations, outlined in the announcement.

“This is the first use of the Permitting Council’s transparency authority, and we look forward to showcasing the many benefits the Federal Permitting Dashboard can bring to critical infrastructure projects as part of President Trump’s Executive Order on increasing American mineral production,” Manisha Patel, Acting Executive Director at the Permitting Council, said in the statement.

China warns against side deals with US, vows retaliation if interests are compromised– www.arabianbusiness.com

pgnewser April 21, 2025 0

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China on Monday issued a direct warning to countries considering trade deals with the US that could disadvantage Beijing.

The warning came in the aftermath of reports that the Trump administration in the US may offer tariff exemptions to other nations in return for limiting their trade with China.
President Trump this month paused major tariff increases on other countries for 90 days, while hiking duties further on goods from China to 145 percent.

“China firmly opposes any party reaching a deal at the expense of China’s interests. If this happens, China will not accept it and will resolutely take reciprocal countermeasures,” the Chinese Ministry of Commerce said, CNBC reported.

Trump slams ‘weak’ judges as deportation row intensifies– economictimes.indiatimes.com

pgnewser April 21, 2025 0

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The clash over President Donald Trump‘s bid to exercise unprecedented powers in deporting migrants deepened Sunday as he again bashed the judiciary, while a top Democrat warned the country was “closer and closer” to a constitutional crisis.

The latest events followed a dramatic intervention by the Supreme Court in the pre-dawn hours of Saturday to temporarily block Trump‘s use of an obscure law to deport Venezuelan migrants without due process.

Trump lashed out Sunday on his Truth Social platform, not specifically naming the high court but slamming the “WEAK and INEFFECTIVE Judges and Law Enforcement Officials who are allowing this sinister attack on our Nation to continue, an attack so violent that it will never be forgotten!”

Samuel Alito, one of two conservative high-court justices to vote against the halt, called the emergency ruling by the court’s majority “legally questionable.”

“Literally in the middle of the night, the Court issued unprecedented and legally questionable relief… without hearing from the opposing party,” Alito wrote in his dissent.