Tariffs - Page 22

The Trump administration announced on Tuesday that a $12 billion farmer emergency aid plan is in the works on Tuesday to temporarily mitigate the effects of U.S. tariffs and ongoing trade negotiations.

Former CIA director John Brennan continued to criticize President Donald Trump, demanding a “smarter” and “more sophisticated” approach to Iran and China.

In another tweet, Trump said that tweet that his administration’s trade policies were getting other countries to cut new deals with the U.S.

Bloomberg reports that Toyota may stop importing some models into the U.S. if the American government raises auto tariffs.

Contents: Donald Trump threatens to impose tariffs on everything imported from China; China’s Foreign Ministry gives a vitriolic response to Trump; The Trump-Putin private meeting was almost certainly about China; North Korea denuclearization talks appear to be falling apart

“There’s no question that the weakening of the currency creates an unfair advantage for them,” Mnuchin said.

Despite the chatter about trade war and currency war on Wall Street, the U.S. stock market was unshaken.

“Global debt markets are flashing a bullish signal on America’s economic trajectory, leaving Europe and emerging markets in the dust,” Bloomberg reports.

Manufacturers say they are worried about tariffs and the tight labor market. But consumers are not feeling the bite of rising costs.

“I believe China wants to make a deal. But–in so far as we know–president Xi, at the moment, does not wish to make a deal,” Kudlow said

“The administration has said it is going for broadly lower tariffs, if that happens, that’s good,” Powell said.

House Speaker Paul Ryan — who once pushed for the job-killing Trans-Pacific Partnership (TPP) — attacked President Trump’s fair trade agenda, saying he did not believe “new tariffs” on imported goods is “the solution” to the country’s growing trade imbalance.

Although wealthier consumers appear to be deeply concerned over tariffs, the overall expectations index improved in early July, rising to 86.4 from 86.3, according to the survey.

President Donald Trump warned Thursday of possible increases in tariffs on European Union auto imports to the United States if the EU fails to negotiate “in good faith” at talks starting July 25.

The vast majority of Americans say that cheap foreign labor displacing U.S. jobs contributed to the collapse of the American manufacturing industry that occurred decades ago.

Reuters contended on Wednesday that Chinese media coverage of the trade dispute with America has been relatively muted, and it was by design because the government has instructed its media outlets not to say anything that would enrage U.S. President Donald Trump.

President Donald Trump had American farmers on his mind at the NATO summit on Wednesday, calling out other countries for trade barriers and tariffs “destroying their businesses.”

BMW spokesman Ken Sparks told the Herald-Journal of Spartanburg the company’s new deal with China won’t affect Spartanburg production.

“Unfortunately, China has not changed its behavior – behavior that puts the future of the U.S. economy at risk,” U.S. Trade Representative Robert Lighthizer said in a statement announcing the new tariffs.

More American manufacturing workers are employed today than at any time in the last ten years in President Trump’s ‘America First’ economy.

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.

China would like to turn America’s heartland against President Trump and has aimed its tariffs to maximize damage to American farmers and Midwestern industrial workers.

Richard Quest, a CNN international business correspondent, poured cold water on his network’s narrative about President Donald Trump’s tariffs levied against China during a Friday morning panel.

President Donald Trump confirmed to reporters on Air Force One flight to Montana Thursday that tariffs on $34 billion in Chinese goods will go into effect at the end of the night, another $16 billion in two weeks, and another up to $500 billion more if China refuses to change unfair trade practices.

President Donald Trump emphasized the importance of having support in negotiations – not “little ones sniping at your heels”– explaining that tariffs on countries that already levy tariffs on the U.S. will help the U.S. “make great deals.”

China’s Commerce Ministry warned on Thursday that new American tariffs amount to the United States “opening fire on the entire world, including itself” in a trade war.

The economy is doing so well that a bit of trade friction would not be bad. If it ever develops into a drag on the economy, it will simply balance out the boom created by the rise in confidence and the fall in taxes.

On Thursday’s broadcast of CNN’s “New Day,” Representative Adam Kinzinger (R-IL) stated that he is “nervous” about the new tariffs imposed by the Trump administration, but hopes the president can successfully use his leverage to deal with abusive trade practices.

Republican lawmakers are sticking to their globalist free trade agenda and opposing President Trump’s “America First” tariffs despite the popularity the tariffs have with GOP voters and conservatives.

The Trump administration has started working with motorcycle companies moving into the U.S. market over Harley-Davidson after Harley announced production moves to Europe, President Donald Trump declared on Tuesday.

President Trump sat down with Dutch Prime Minister Mark Rutte Monday and demanded fair treatment by the World Trade Organization (WTO) on behalf of the American people, calling out the European Union (EU) for hypocrisy.

The U.S. Chamber of Commerce is launching a nationwide campaign against President Trump’s popular tariffs on imported steel and aluminum, the free trade loyalists announced.

President Donald Trump issued words of warning for the World Trade Organization on Monday, calling on it to start treating the United States “properly” or the U.S. will take action.

“Why would we need a fight on Capitol Hill over a new law for powers we already have?” a person who is familiar with the thinking inside the White House said.

Canada retaliated Sunday for U.S. tariffs on steel and aluminum by inaugurating tariffs on $12.6 billion in U.S. goods.

U.S. Trade Representative Robert Lighthizer laid out a reasoned rebuke this week of countries claiming a World Trade Organization (WTO) basis for retaliating against the United States’ new national security-based tariffs.