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Tag Archives: Subsidies

GM shares collapse after Trump threatens to cut back on all subsidies

"Very disappointed with General Motors and its CEO Mary Barra for closing plants in Ohio, Michigan and Maryland," Trump tweeted. "We are now checking the reduction of all @ GM subsidies, including electric cars." The GM (GM) share fell 3.8% from the comments. GM closed 2.6%, making up part of Monday's gains. It is not clear what subsidies Trump was …

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Venezuela Crisis: Maduro to curb fuel subsidies

image copyright EPA The president of Venezuela has announced that subsidized fuel prices are set to rise so that smugglers do not cheat the country by the millions. "Gasoline must be sold at an international price to stop smuggling into Colombia and the Caribbean," said Nicolás Maduro in a televised address. Like many oil producing countries, Venezuela offers heavily subsidized …

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China retaliates for U.S. tariffs, slaps duties on soybeans, plans; markets skid

BEIJING / WASHINGTON (Reuters) – China quickly hits back on Wednesday at Trump administration plans to slap tariffs on $ 50 billion in Chinese goods. imports including soybeans, planes, cars, whiskey and chemicals. FILE PHOTO: A worker takes a sample from an incoming truckload of soybeans at Peterson Farms Seed Facility in Fargo, North Dakota, US, December 6, 2017. REUTERS …

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Almost 11.8 million have signed up for Obamacare for the year 2018, but there are questions for next year

Obamacare remained popular with millions of Americans in 2018, despite the Trump government's repeated attacks. Almost 11.8 million people voted for coverage this year at the federal and state stock exchanges. The official credentials received on Tuesday from the Centers for Medicare & Medicaid Services have been shortened, the enrollment deadline. That's only 3.8%, much less than some advocates of …

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