Trump takes on trade deals in Pennsylvania speech

June 28, 2016 Posted by admin




MONESSEN, Pa. (AP) — Republican Donald Trump took aim at U.S. free trade deals in a speech delivered in Western Pennsylvania Tuesday that painted his likely Democratic rival Hillary Clinton as a champion of the kind of globalization that has pushed manufacturing jobs overseas.

‘‘This wave of globalization has wiped out totally, totally our middle class,’’ said Trump, standing in front of stacks of compressed metal on the floor of Alumisource, a plant that provides aluminum scrap and other raw materials to the aluminum and steel industries. ‘‘It doesn’t have to be this way. We can turn it around and we can turn it around fast.’’

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The speech, delivered in the heart of America’s struggling rust belt, stressed a central premise of his campaign: that global free trade — a Republican Party staple for decades — has hurt American workers because deals have been negotiated poorly. Trump has vowed to bring back manufacturing jobs, in part, by slapping tariffs on goods produced by companies that move manufacturing jobs offshore.

It’s a message that he’s hoping will continue to resonate with the white, working class voters, who powered his primary campaign.

Trump, in his speech, portrayed Clinton as an agent of a status quo ‘‘that worships globalism over Americanism’’ and criticized her past support for the Trans-Pacific Partnership, which he described as ‘‘the deathblow for American manufacturing.’’

He said the North American Free Trade Agreement, which was signed by Bill Clinton, was a ‘‘disaster’’ and pointed to the Clintons support for normalizing trade relations with China.

He said that, as president, he would dramatically overhaul the way the country approaches trade, threatening to wield new tariffs and taxes to push his way.

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‘‘Ladies and gentlemen, It’s time to declare our economic independence once again,’’ he said.

He vowed to renegotiate North American Free Trade Agreement to get a better deal ‘‘by a lot, not just a little,’’ for American workers — and threatened to withdraw the U.S. from the deal if his proposals aren’t agreed.

‘‘We already have a trade war. And were losing badly,’’ Trump said.

The setting was a change of scenery for the presumptive GOP nominee. It’s a change of setting for Trump, who typically favors his own ritzy golf clubs and ballrooms for formal speeches.

Monessen, the sleepy manufacturing city of about 7,500 about an hour south of Pittsburgh, has been especially hard-hit by the decline in steel industry.

The speech comes as Trump, facing sliding poll numbers and a far larger Clinton operation, is working to re-tool his message for the general election. In addition to a slew of new hires, Trump has been delivering a series of prepared speeches aimed at calming the nerves of GOP donors and others concerned about his often combative style.

Clinton’s positon on trade has been a frequent attack line for Trump. Clinton announced her opposition to the Pacific trade deal last October, saying it failed to meet her test of providing good jobs, rising wages and protecting national security. She raised specific concerns about a potential for currency manipulation by China and provisions that she said would benefit pharmaceutical companies at the expense of patients.

That marked a striking reversal for the former secretary of state, who promoted the deal in dozens of appearances during Obama’s first term. During a 2012 trip to Australia, she called it the ‘‘gold standard in trade agreements.’’ Video clips of Clinton talking about the trade deal are stored on YouTube, giving her opponents footage that could be used in television ads to highlight her shifting positions.

Trump heads later to St. Clairsville, Ohio for a rally at the eastern campus of Ohio University. It will be Trump’s first visit to the crucial battleground state since he secured enough delegates to become his party’s presumptive nominee.

Trump will also stop in Wheeling, West Virginia for an invitation-only fundraiser with coal magnate Robert Murray. Trump has promised to revive the coal industry, while Clinton has emphasized cleaner fuel sources.

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Associated Press writer Lisa Lerer contributed to this report from Washington.


Article source: https://www.bostonglobe.com/news/politics/2016/06/28/trump-takes-trade-deals-pennsylvania-speech/PdBWSDfLvaJyMncVkCGGtI/story.html

US Scrap Gold rises on Britain’s exit from Euro zone; Gold futures post best finish in nearly 2 years

June 27, 2016 Posted by admin

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UNITED STATES June 27 2016 10:03 AM

NEW YORK (Scrap Register): United States scrap gold prices rose on Friday, while gold futures prices at New York Mercantile Exchange finished at their highest level in nearly two years as investors rushed to buy the metal in the wake of the U.K.s decision to exit from the European Union.

The major gold scrap commodities on the Scrap Register Price Index traded higher on Friday. The 9ct hallmarked gold scrap prices advanced to $478.513 an ounce and 14ct hallmarked gold scrap prices increased to $746.48 an ounce. The 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices also up at $957.026 ounce and $1168.848 an ounce respectively.

According to Scrap Register Price Index, the 9ct non-hallmarked gold scrap prices gained to $452.614 an ounce and 14ct non-hallmarked gold scrap prices up to $706.078 an ounce on Friday. The 18ct non-hallmarked gold scrap and 22ct non-hallmarked gold scrap prices are also traded higher at $905.228 an ounce and $1105.586 an ounce respectively.

The most active August gold contract on the COMEX division of the New York Mercantile Exchange settled higher by $59.30 to $1,322.40 an ounce on Friday with prices marking the largest single-session dollar and percentage climb since September 2013. The settlement was highest since July 11, 2014.

Gold tends to rally in times of economic, market or political uncertainty because precious metals are considered a haven asset. As might be expected, riskier assets, including U.S. stocks, tumbled.

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UNITED STATES June 27 2016 10:03 AM     

NEW YORK (Scrap Register): United  States scrap gold prices rose on Friday, while gold futures prices at New York  Mercantile Exchange finished at their highest level in nearly two years as  investors rushed to buy the metal in the wake of the U.K.’s decision to exit  from the European Union.

The major gold scrap commodities on the Scrap  Register Price Index traded higher on Friday. The 9ct hallmarked gold scrap  prices advanced to $478.513 an ounce and 14ct hallmarked gold scrap prices  increased to $746.48 an ounce. The 18ct hallmarked gold scrap and 22ct  hallmarked gold scrap prices also up at $957.026 ounce and $1168.848 an ounce  respectively.

According to Scrap Register Price Index, the  9ct non-hallmarked gold scrap prices gained to $452.614 an ounce and 14ct  non-hallmarked gold scrap prices up to $706.078 an ounce on Friday. The 18ct  non-hallmarked gold scrap and 22ct non-hallmarked gold scrap prices are also  traded higher at $905.228 an ounce and $1105.586 an ounce  respectively.

The most active August gold contract on the COMEX division  of the New York Mercantile Exchange settled higher by $59.30 to $1,322.40 an  ounce on Friday with prices marking the largest single-session dollar and  percentage climb since September 2013. The settlement was highest since July 11,  2014.

Gold tends to rally in times of economic, market or political  uncertainty because precious metals are considered a haven asset. As might be  expected, riskier assets, including U.S. stocks, tumbled.

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Article source: http://www.metal.com/newscontent/94186_us-scrap-gold-rises-on-britains-exit-from-euro-zone-gold-futures-post-best--finish-in-nearly-2-years

Team USA Men Claim Water Polo Silver For Best World League Finish In 8 Years

June 26, 2016 Posted by admin




The men’s team meets in the pool before their match at the 2016 U.S. Olympic Team Trials for Water Polo at the Uytengsu Aquatics Center on May 22, 2016 in Los Angeles.

The United States men’s water polo team wrapped up the 2016 FINA World League Super Final with its best showing in eight years, coming away with a silver medal after falling to Serbia, the reigning world champion, 10-6 in the championship game Sunday in Huizhou, China.

Trailing 5-1 at halftime and 8-1 at the end of the third period, the Americans came storming back with five fourth-quarter goals to put the heat on the Serbians, but there wasn’t enough time to complete the comeback.

Six players found the net for the U.S., which converted three of its 12 power play opportunities. Serbia used the power play to its advantage, scoring five goals in seven tries. 

The U.S. side had to scrap and claw for its results in China, battling through a pair of shootouts to get to the gold-medal match, first against Australia (16-15) for a spot in the semifinals, then against Greece (17-16). They opened the tournament with a 12-6 win over host China, then downed Brazil 10-7 before falling to Serbia 10-8 to close out the preliminary round.

The showing in China puts the United States in the hunt for its seventh Olympic medal in men’s water polo. They have won three bronzes (Paris 1924, Los Angeles 1932 and Munich 1972) and three silvers (Los Angeles 1984, Seoul 1988 and Beijing 2008).

The Americans will return to southern California to continue preparations for the Rio 2016 Olympic Games. The final team that will travel to Brazil will be announced July 7 on the deck of the USS Midway in San Diego.

Article source: http://www.teamusa.org/News/2016/June/26/Team-USA-Men-Claim-Water-Polo-Silver-For-Best-World-League-Finish-In-8-Years