Lots of people around the world say that no one wins in a trade war. But trade wars are like workers’ strikes, according to CNBC’s Rick Santelli. They have costs but they also have winners.
President Donald Trump spotlighted Tuesday the countries that have been brought to the trade negotiating table as a result of new United States tariffs and American industries thriving under those same tariffs.
President Donald Trump challenged Harley-Davidson for announcing plans to move production overseas to escape the tariffs leveled on motorcycles by the European Union.
The market went into a tailspin after Treasury Secretary Steven Mnuchin tweeted about restrictions on foreign investment in U.S. companies. Then Trump trade guru Peter Navarro set things straight.
Harley-Davidson, the iconic American motorcycle company, announced that it will be moving some of its United States manufacturing and production overseas after the European Union (EU) began imposing $3.2 billion worth of tariffs on American products, including motorcycles.
On Monday’s broadcast of MSNBC’s “Morning Joe,” Senator Jeff Flake (R-AZ) stated that it might be necessary to put a hold on the president’s executive calendar and not move forward on confirming nominees or threaten to vote no on nominees
A surge in popularity of tariffs and an accelerating economy has made President Donald Trump’s economic stewardship much more popular.
Donald Trump issued a challenge to U.S. trading partners over the weekend, calling on them to bring down their own trade barriers or be met with retaliatory U.S. measures.
Trump tweeted that the U.S. would impose tariffs on auto imports if the EU does not drop its ten percent duty on American made cars.
BRUSSELS (AP) — The European Union started enforcing tariffs Friday on American imports like bourbon, peanut butter and orange juice, part of a growing global trade rift that’s likely to intensify over the next few weeks. The EU tariffs on
During the peak of tensions at the Group of Seven (G-7) summit, Eurasia Group President Ian Bremmer said that Trump tossed candy onto the table in front of Angela Merkel and said, “Don’t say I never give you anything.”
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.
Senior White House adviser Peter Navarro, director of trade and industrial policy and director of the White House National Trade Council, joined SiriusXM hosts Rebecca Mansour and Joel Pollak on Tuesday’s edition of Breitbart News Daily to talk about President Trump’s tariff showdown with China.
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.
Richard Grenell, U.S. ambassador to Germany, is bringing home some good news. Germany automakers are willing to give up the ten percent E.U. tariff on U.S. cars.
U.S.-China trade negotiations have seen “no progress,” major presidential trade advisor Peter Navarro revealed on Tuesday.
Stocks of global companies with extensive China exposure suffered most while smaller, domestically focused stocks actually rose Tuesday.
National Association of Home Builders complained that Trump administration tariffs on lumber imported from Canada were hurting builders. Housing starts data, however, show the market is roaring ahead.
Stocks tumbled Tuesday after President Trump promised hundreds of billions in new tariffs in response to China trade retaliation.
A spokesperson for Commerce Secretary Wilbur Ross confirmed in a statement to Fox News host Steve Hilton that Ross invested in a shipping firm involved in importing steel from South Korea, which received an exemption to tariffs imposed by the Trump administration. The conflict of interest was first exposed in a report by the Government Accountability Institute.
More than one quarter of stocks traded on the Shanghai exchange fell by 10 percent, the one-day limit for Chinese stocks. The Shanghai Composite Index dived below 3,000.
President Donald Trump ordered the U.S. Trade Representative to identify $200 billion in Chinese products on which to levy tariffs in response to China’s retaliatory tariffs and threatened more if China refuses to change its “unfair” trade practices.
While lumber prices are up sharply this year, there is little evidence connecting the tariffs to the rise. Instead, the major factor appears to be increasing demand for new homes.
The most severe impact would be on the province of Ontario, where the Canadian auto sector is concentrated. Economic growth there would drop by two percentage points and one in five manufacturing jobs would be at risk.
President Donald Trump told reporters a 25 percent tariffs on Chinese technology goods will help Silicon Valley, but a top industry trade group that represents Google and other companies says Trump’s tariffs will hurt profits.
The Chinese government retaliated against the United States with matching tax penalties to tariffs the United States announced Friday would be levied on Chinese goods.
President Donald Trump announced his decision to level a 25 percent tariff on $50 billion worth of Chinese goods on Friday, citing “unfair” practices from China on intellectual property.
The United States is expected to announce $50 billion in U.S. tariffs on Chinese goods on Friday, a decision President Donald Trump sanctioned on Thursday afternoon, according to a report from the Wall Street Journal.
“There’s a bit of a patriotic boost going on these past few days,” Canada’s Prime Minister Justin Trudeau said this week.
Commerce Secretary Wilbur Ross’ conflicts of interests may complicate his ability to negotiate international trade policy, according to a new report from the Government Accountability Institute.
U.S. President Donald J. Trump said the European Union (EU) is “worse than China” in a meeting with French president Emmanuel Macron, a source has claimed.
President Donald Trump unloaded on Canadian prime minister Justin Trudeau Saturday for remarks the G7 summit host made on trade, announcing the U.S. will not endorse the communique signed by the seven largest advanced economies in the world.
Donald Trump concluded his trip to the Group of 7 (G7) economics conference in Canada with a combative, unscheduled statement in which he promised that the United States would no longer be the “piggy bank that everyone is robbing.”
Mnuchin’s rise didn’t last long. After the meetings in Washington, Treasury Secretary Steven Mnuchin announced that trade war with China was “on hold” only to have the administration announce a short while later that it was preparing the apply tariffs to $50 billion of Chinese technology imports.
President Donald Trump ridiculed Sen. Jeff Flake for criticizing his trade policies on Thursday.
President Donald Trump told Corker in a heated call Wednesday to stand down on the legislation. Corker says he will push ahead.
Adding together those who think the Trump administration’s trade policies will have a positive effect or only a marginally negative effect produces a 58 percent majority of economists.
“All economic and trade outcomes of the talks will not take effect if the US side imposes any trade sanctions including raising tariffs,” a statement from China’s official Xinhua News Agency said.
On Friday’s “PBS NewsHour,” New York Times columnist David Brooks reacted to President Trump’s latest tariff announcement by stating the president “just has a mentality that sees the world as me and enemies.” Brooks said, “I think what strikes me is Donald
In a preview clip from an interview that will air Sunday on NBC’s “Meet the Press,” Canadian Prime Minister Justin Trudeau said President Donald Trump’s 25 percent tariffs on steel and 10 percent on aluminum on the European Union, Canada and Mexico
