About half of U.S. business owners say President Trump’s tariffs on Chinese goods, as well as imported steel and aluminum, are good for business, calling them “positive” for the economy.
Critics said tariffs would be a tax on U.S. consumers. The recent data on producer prices, however, show higher costs are not getting passed on to American consumers.
Tariffs were predicted to be a drag on productivity. Instead, U.S. worker productivity saw the biggest quarterly increase in three years after the Trump administration implemented steel and aluminum tariffs.
Remember when they said tariffs would raise the prices of beer, soup, and canned food? The latest data shows that prices are actually falling.
U.S. Steel will invest $750 million at their 110-year-old steel manufacturing plant in Gary, Indiana, crediting President Trump’s tariffs.
There are 20 times as many American jobs that have been created in the last six months thanks to President Trump’s tariffs on imported foreign goods than jobs that have been lost.
“Our relations with Turkey are not good at this time!” Trump wrote on Twitter.
“They were dumping steel all over the country, dumping it like garbage, and they were putting you people out of work,” Trump told the workers at the factory, referring to subsidized cheap steel imports from countries like China.
Tax cuts boosted profits although metals tariffs raised the cost of raw materials.
Manufacturers say they are worried about tariffs and the tight labor market. But consumers are not feeling the bite of rising costs.
American workers in an Illinois steel town are finally seeing relief after years of job-killing free trade thanks to President Trump’s 25 percent tariff on imported steel.
Experts said American industries that use imported metals were going to suffer under tariffs. Instead, they added 27,000 new jobs in recent months and wages for workers are rising.
Canada retaliated Sunday for U.S. tariffs on steel and aluminum by inaugurating tariffs on $12.6 billion in U.S. goods.
Testifying before the Senate Finance Committee Wednesday, Commerce Secretary Wilbur Ross took Senator Michael Bennet (D-CO) to task over the Trump administration’s plan to hold China accountable for dumping steel globally.
People were declaring it “game over” for the northern Minnesota region two years ago. Now the mines, factories, and business of the Iron Range are booming again.
“There’s a bit of a patriotic boost going on these past few days,” Canada’s Prime Minister Justin Trudeau said this week.
The European Union (EU) will retaliate against President Donald J. Trump’s metal tariffs by July, with €2.8 billion (£2.5bn) of levies on U.S. key exports, designed to do maximum damage to iconic American brands.
“It is simply ridiculous to view any trade with Canada as a national security threat to the US and we will continue to stand up for Canadian workers & Canadian businesses,” Canada’s prime minister said in a tweet.
The United States ended a delay of steel and aluminum tariffs for the European Union, Canada, and Mexico with a proclamation on Thursday.
President Donald Trump hinted at the need for a “different structure” for a bilateral trade deal with China just one day after the Commerce Department’s Tuesday determination that China has been using Vietnam to circumvent anti-steel dumping measures.
Massive increases in U.S. steel imports from Vietnam that coincided with led to a Commerce Department investigation and announcement on Tuesday that China is using Vietnam to circumvent anti-dumping and countervailing duty orders.
The United States will not lift tariffs on Chinese steel and aluminum, Treasury Secretary Steven Mnuchin said on Tuesday.
When Wilbur Ross went on CNBC to explain that tariffs wouldn’t hurt consumers, he held up a can of Campbell’s soup to make his point. The company reacted by claiming that prices would increase.
Gary Cohn says that he is, indeed, a globalist and that his biggest regret about his time in the White House was not being able to make the personal tax cuts permanent.
“If we’re going to impose it, we’re going to have to do it very soon, or else people will start gaming the system,” Commerce Secretary Wilbur Ross said Tuesday.
With all the talk of trade war and tariffs in the media lately, we often hear from economists and CEOs of major corporations, but we don’t often hear from the small business owners who feel the pain the most when costs are increased even by just a small amount.
Republicans who opposed President Donald Trump’s announced tariffs on steel and aluminum imports now signal openness to a narrower package of duties levied solely on America’s strategic competitor, China.
The vast majority of Americans say it is more important for the United States to have a strong manufacturing base than to have an exorbitant amount of cheap, foreign products.
The pro-open borders, avid free trader Sen. Jeff Flake (R-AZ) has introduced legislation to “nullify” President Trump’s tariffs on imported steel and aluminum designed to increase American manufacturing for U.S. workers.
American workers whose lives were uprooted by multinational free trade deals are thanking President Trump for signing into law tariffs on imported steel and aluminum to protect U.S. jobs.
The stench of hypocrisy and the reek of duplicity remain alive and well with the EU and its camp followers on trade tariffs, writes Global Britain’s Brian Monteith.
MSNBC host Chris Matthews said President Donald Trump is using tariffs to look out for “people that nobody else is looking out for” and argued that tariffs are also very much a “cultural issue” in the Rust Belt.
A group of workers in the steel and aluminum industry spoke with reporters outside the White House, after attending a signing ceremony for President Donald Trump’s steel tariffs at the Oval Office.
The vast majority of Americans support President Trump’s economic nationalist agenda on foreign trade, wherein the populist president is in the process of renegotiating multinational trade deals like the North American Free Trade Agreement (NAFTA).
Retiring Senator Jeff Flake took yet another swipe at resisting President Donald Trump on Thursday with the announcement that he would seek to “nullify” the tariffs that Trump signed into being on Thursday.
“Those who poured their souls into building this great nation were betrayed. But that betrayal is now over,” he said. “I’m delivering on a promise I made during the campaign and I’ve been making it for a good part of my life.”
“Looking forward to 3:30 P.M. meeting today at the White House,” he wrote. “We have to protect & build our Steel and Aluminum Industries while at the same time showing great flexibility and cooperation toward those that are real friends and treat us fairly on both trade and the military.”
Officials with influence on trade policy inside the White House believe that imposing the tariffs on Canada and Mexico in the near term, only to remove them within months if a new Nata deal is reached, would be unnecessarily disruptive.
Monday on Fox News Channel’s “Special Report,” network senior political analyst Brit Hume said that although he was skeptical of President Donald Trump’s effort to impose tariffs on imported steel and aluminum, he noted that it was something Trump had
White House trade adviser Peter Navarro challenged establishment forces and lobbyists for raising alarms about a “trade war” in response to President Donald Trump’s proposed tariffs.
