Trade conflicts have cost Nebraska economy more than $1 billion, Farm Bureau says

“To put a $1.2 billion loss into perspective, every person in the state of Nebraska would need to contribute $632 to cover that volume of lost dollars [from Trump’s tariffs].”

– Jay Rempe, Nebraska Farm Bureau, senior economist.

GM to slash jobs and production, cancel some car models

‘General Motors plans to halt production at 3 assembly plants in Canada, Ohio, and Michigan by not allocating new products, Reuters reports.

Cost pressures have increased. GM also has said Trump-imposed tariffs on imported steel have cost it $1 billion.’

Stocks tumble again on report US plans more tariffs

‘Stocks are falling sharply on Wall Street, erasing an early gain, following a report that the U.S. will announce tariffs on all remaining imports from China by early December if the two countries can’t make progress in resolving their trade dispute.’

U.S. Charges Alleged Chinese Government Spy With Stealing U.S. Trade Secrets

Breaking: DOJ arrests & extradites officer of China’s Ministry of State Security for espionage. Yanjun Xu was lured to Belgium, arrested there and extradited to US yesterday. His targets were multiple US aerospace and aviation companies. Fascinating case & collar for DOJ

U.K., Germany Consider Fresh Russian Sanctions After Hacking Charges

The U.K. and Germany are considering fresh measures to put pressure on Russia after U.S. and European investigators disclosed a range of new accusations over hacking activities by Russian military intelligence.

U.S. Unemployment Rate Drops To 3.7 Percent, Lowest In Nearly 50 Years

‘The U.S. jobless rate dropped to 3.7 percent in September — the lowest since 1969, though the economy added a lower-than-expected 134,000 jobs, the Bureau of Labor Statistics said. The jobless rate fell from August’s 3.9 percent.’

U.S. not invited to Canada’s upcoming trade meeting — only ‘like minded’ nations allowed

Leader of the Free World 1919 – 2017.

‘Canada has not included the United States in an upcoming meeting aimed at saving the international trading system because it doesn’t share the views of the 13 invited countries, says the new Canadian trade minister.’