On Thursday’s broadcast of MSNBC’s “Deadline: White House,” former FBI Special Agent Clint Watts stated the US is “closer to being a Third World power, as of today.” He added “tariffs and pardons” “are things that we see from banana
Speaker Paul Ryan undercut President Donald Trump on Thursday after Trump ended a delay on tariffs imposed on foreign steel and aluminum.
All the sound and fury over tariffs and retaliation was met with a very small decline in major stock market indexes.
“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 wants to use trade policy to squeeze German carmakers so that there are no Mercedes-Benz models driving down New York City’s Fifth Avenue, according to a German magazine citing unnamed U.S. and European diplomats.
In reaction to the unexpected U.S. announcement that it would move forward with tariffs, China may offer to open its markets up to foreign companies that line up with it against the U.S., the WSJ said, citing Chinese officials.
The Trump administration announced on Tuesday that it would levy $50 billion of tariffs on certain Chinese tech imports, implement investment restrictions, and enhance export controls on Chinese tech on the basis of national security.
“I don’t blame the foreign countries. They’re doing what is best for them. The stupidity is that we’ve let ourselves get into this box of extremely low [tariff] rates. We gave it away unilaterally,” Ross said.
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.
President Donald Trump asked Commerce Secretary Wilbur Ross during a Wednesday meeting to consider investigating automobile, truck, and parts imports on the basis of national security, a decision that could lead to tariffs on such imports.
“There will be big news coming soon for our great American Autoworkers. After many decades of losing your jobs to other countries, you have waited long enough!” Trump tweeted Wednesday.
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.
Senator Marco Rubio (R-FL) taunted President Trump for being “out-negotiated” by China as the U.S. works to resolve a host of trade issues, ranging from deficit reduction to tariffs.
The United States will not lift tariffs on Chinese steel and aluminum, Treasury Secretary Steven Mnuchin said on Tuesday.
President Donald Trump famously said, “Trade wars are good, and easy to win.” The early results of the last few weeks of negotiations with China suggest that may have been overly optimistic.
In a move that could benefit the global auto industry, China announced on Tuesday it will slash tariffs on imported cars.
“We cannot allow the theft of IP, we cannot allow the forced technology transfers. That’s America’s golden jewels, that’s America’s bread and butter,” Larry Kudlow said Monday in an interview.
U.S. trade negotiators will head back to China to work out details of an agreement between the two nations reached during continued trade negotiations this week resulted in a joint framework to reduce the U.S. trade deficit with China.
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.
Treasury Secretary Steven Mnuchin will continue to lead Trump administration officials holding trade talks with Chinese Vice Premier Liu He in Washington, DC, on Thursday and Friday with a focus on “rebalancing” the U.S.-China bilateral economic relationship.
The smaller than expected rise is a sign inflationary pressures in the economy remain low. The rise was the lowest since December, when producer prices were unchanged.
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.
Five top Trump administration officials are returning from two days of trade meetings with officials in China, bringing with them the message that the administration needs to give “immediate attention” to changing the U.S.-China trade and investment relationship.
“What I heard from the first day, and again they’ve been there for a full day of negotiations, has been fairly positive,” White House economic adviser Mark Calabria said.
“If you don’t take some risks and you don’t show you are willing to absorb a little bit of pain, how on earth are you going to get things changed?” Commerce Secretary Wilbur Ross said.
“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.
Top Trump administration economic officials are headed to China in the second half of this week to discuss trade contentions between the two nations.
The majority of black Americans say multinational free trade deals have led to American job loss rather than job creation or lower prices for consumers as promised by the last few decades of the political and economic establishment.
U.S. President Donald Trump and French President Emmanuel Macron are expected to tackle controversial topics from trade to terrorism during the first state visit of the Trump administration.
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.
In a survey of 135 Chinese exporters, 65 percent said they have “worries” about a trade war. But only 26 percent expect a “full-blown” trade war.
The Fed clearly is not suffering from Trump Derangement Syndrome, the compulsion to present all of Trump’s policies as terrible, no-good, very bad. It knows what Trump has done and thinks the economy has strengthened.
“The golden opportunity for Chinese start-ups to ‘go Latin’ may have arrived,” China’s state-run Global Times declared on Tuesday, pointing to the enormous increase in Chinese trade with Latin America over the past two decades and China’s promise to invest $250 billion in the decade to come.
Chinese President Xi Jinping’s Tuesday pivot on trade and intellectual property is encouraging to the White House, but the Trump administration will move forward with intentions President Donald Trump has announced until the Chinese government produces concrete actions.
At the Boao Forum for Asia’s annual conference in the southern Chinese province of Hainan, Chinese President Xi Jinping promoted globalism as the key to mutual prosperity among all nations.
“Very thankful for President Xi of China’s kind words on tariffs and automobile barriers … also, his enlightenment on intellectual property and technology transfers,” Trump wrote on Twitter. “We will make great progress together!”
President Donald Trump acknowledged that his stand-off with China on trade was hurting American farmers, but promised that conditions would change eventually.
President Donald Trump explained his frustration on the trade disparity between the United States and China by highlighting the unfair tariffs on automobile sales.
National Economic Advisor Larry Kudlow revealed Friday afternoon that the Trump administration is mulling over creating and providing to China a list of suggestions that the United States would like to see come out of negotiations over trade practices and tariffs with the country.
