Stocks Sink as Market Throws a Tariff Tantrum
Stocks of the biggest U.S. multinational companies were hit the hardest by a sell-off that accelerated after the Trump administration announced new steel and aluminum tariffs.
Stocks of the biggest U.S. multinational companies were hit the hardest by a sell-off that accelerated after the Trump administration announced new steel and aluminum tariffs.
Just as no trade war erupted when George Bush imposed a 30 percent tariff on steel in 2002, retaliation against the Trump tariffs are unlikely.
Nearly 60 percent of American voters say imposing tariffs on Chinese steel and aluminum is crucial to the United States’ economic relationship with China.
President Donald Trump met about a dozen business executives in steel and aluminum, promising to enact tariffs of 25 percent for steel and 10 percent for aluminum in response to cheap foreign imports.
President Donald Trump has started to make the American economy great again with tough trade policies. Yet, Gary Cohn, the president’s chief economist has obstructed that agenda at every opportunity.
President Donald Trump is preparing to announce steel and aluminum tariffs on Thursday.
The avid free trade-wing of President Trump’s administration is trying to convince him to weaken his economic nationalist agenda, which is expected to include harsh tariffs on potentially hundreds of imported Chinese goods.
President Trump is likely to impose the “harshest tariffs” possible on imports of steel and aluminum to protect American industries from countries dumping cheap foreign goods in the U.S.
Emerson Electric CEO David Farr says that in the age of President Trump’s economic nationalism, he expects American wages to continue rising “for the next couple of years” as the labor market tightens under strict immigration enforcement.
Commerce Secretary Wilbur Ross is urging President Trump to impose tough tariffs on aluminum and steel imports to protect American industries and increase domestic production.
Chinese steel dumping into the United States, something that crushes U.S. industry, is taking center stage at the White House and in the national political conversation as President Donald Trump very publicly considers tariffs and quotas on steel and aluminum imports into the United States.
Trump previews a new round of trade penalties to be applied against other countries that tax U.S. products.
Americans are increasingly supportive of tariffs on cheap, imported goods from foreign countries to protect American industries and workers against wild globalization.
President Donald Trump’s tariff on solar imports has resulted in one of China’s largest solar companies planning to open a manufacturing plant in the United States rather than overseas.
President Donald Trump says he is committed to sanctioning and placing tariffs on foreign countries who refuse to take back their nationals after being deported from the United States.
Donald Trump is headed to the world’s top globalist gathering in Davos, Switzerland to tout his economic accomplishments and encourage investment in the United States, White House officials said Tuesday.
Trump acts to protect American makers of solar cells and washing machines from cheap foreign imports.
Peter Sutherland, 71, was a key player with a host of globalist bodies and multinational corporations, including the European Commission, the World Trade Organisation, and Goldman Sachs International.
Steve Bannon’s “economic nationalism” has much in common with the civic republicanism liberals once prescribed. These are ideas worth debating — not marginalizing using the left’s familiar shrieks of racism.
In an interview with Huntsville, AL CBS affiliate WHNT, Rep. Mo Brooks (R-AL) said he would like to see a tariff imposed on Chinese goods to finance tax cuts proposed by President Donald Trump. Brooks expressed his skepticism about the
Donald Trump sent a warning to Mexico Tuesday night about the NAFTA renegotiations.
The Japanese ambassador to the United Kingdom slapped down premature celebrations of a Japan/EU trade deal, as Hungary admits it is the EU which stands to lose if it does not make a deal with Britain.
On Friday’s Breitbart News Daily, SiriusXM host Joel Pollak asked Secretary of Commerce Wilbur Ross about the possibility of a free trade deal with Europe in the wake of America’s withdrawal from the Paris climate accords.
Lumber prices fell and Canadian lumber stocks rose after the tariff was announced.
In his March 20 speech in Louisville, Kentucky, President Trump sounded many familiar and important themes, including the importance of jobs, manufacturing, trade, and the need to revive the coal industry. And yet he also added a new and larger “meta-theme,” namely, the urgency of building up our industrial strength for the sake of economic and national security. That meta-theme, we might observe, is the essence of the “American System” of Henry Clay.
The European Union (EU) is laying the groundwork for a legal challenge against U.S. plans to impose a border tax, in what could be the biggest case in the World Trade Organization’s history.
President-elect Donald J. Trump’s incoming administration is girding for battle with corporatists, globalists, and special business interests over his core policy objective of bringing U.S. manufacturing jobs that have been shipped overseas back to the United States, several senior advisers to Trump tell Breitbart News.
China is reacting angrily following news that President-elect Donald Trump has chosen Peter Navarro, author of the book and film Death by China, to head the new White House National Trade Council.
President-elect Donald J. Trump has named University of California Irvine economics professor Peter Navarro to lead the new White House council on trade.
President-elect Donald Trump said Thursday that he is “making progress” in his attempt to keep a Carrier air conditioning plant in Indianapolis from moving to Mexico.
Thursday at the Christian Monitor Science breakfast in Washington, D.C., Sen. Bernie Sanders (I-VT) explained the one area where he could find some agreement with President-elect Donald Trump, which is in the area of how to handle corporate America.
Peter Morici, University of Maryland business professor and former director of economics for the U.S. International Trade Commission, appeared on Monday’s Breitbart News Daily to discuss his weekend column for the New York Post, “Trump Can Get Us the China Deal We Deserve.”
China said Sunday it has started imposing anti-dumping tariffs on certain steel imports from the European Union, Japan and South Korea, as Beijing itself comes under fire for similar trade practices
Quoting Alexander Hamilton, George Washington, and Abraham Lincoln, presumptive Republican nominee Donald Trump became the first major party candidate in decades to embrace economic nationalism. Trump, in a policy speech delivered in the key swing state of Pennsylvania, proclaimed “it’s time to declare our economic independence once again.”
The British and others have much basis in fact for wishing to leave the EU and its nonsensical Eurocrats.
There is much debate over the negative effects of massive trade deficits, and what the best strategy for correcting them might be, but it’s hard to deny the U.S. trade deficit with China is staggering in scale … and it got that
Republican presidential candidate Donald Trump stated, “The 45% tax is a threat, it was not a tax, it was a threat” regarding his proposed 45% tariff during Thursday’s Republican presidential debate on CNN. After fellow candidate Texas Senator Ted Cruz
You’d see a movement, a tremendous movement, of capital and labor back to the United States, that’s in China and overseas, because we’d have a more hospitable business tax environment. You include immediate deductions for new business investment, and you include repatriation, which is all in Trump’s plan, and you’ve got yourself a powerful incentive to move back to the USA,” said Kudlow.
Conventional wisdom attributes much of Donald Trump’s unexpected success in the GOP primary to his stance on immigration.
Diana Furchtgott-Roth of MarketWatch joined host Stephen K. Bannon on Breitbart News Daily Tuesday morning, to discuss a recent column listing four crucial issues where Donald Trump would prove most vulnerable in a general-election matchup against Hillary Clinton.