Tag Archives: tariffs

Trump Threatens Unspecified Countries With Tariffs

Business Insider reports: President Donald Trump escalated his trade-war rhetoric on Monday, threatening unspecified countries with tariffs if they “will not make fair deals with us.” The US is already engaged in a trade war with China and is expected to levy new tariffs on $200 billion worth of Chinese goods as soon as Monday, on top of the tariffs ...

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Trump Plans To Rebrand NAFTA Pact As “USMC”

The Hill reports: President Trump told donors that he hopes to rebrand the North American Free Trade Agreement (NAFTA) among the U.S., Mexico and Canada as the “USMC” pact, The Wall Street Journal reported Thursday. If the U.S. is unable to come to terms on a deal with Canada, Trump said he’s willing to drop the “C” from the new ...

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Trump: Apple Prices May Rise Due To My Tariffs

Politico reports: President Donald Trump on Saturday warned that the prices of Apple products may climb as a result of a new round of proposed tariffs against China, and called on the technology giant to bolster production at home to avoid the consequences of an escalating trade war. The president on Friday threatened to impose tariffs on another $267 billion ...

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Trump Threatens To “Terminate NAFTA Entirely”

The Daily Beast report: President Trump on Saturday threatened to exclude Canada from a new NAFTA deal and “terminate” the trade pact entirely if Congress gets involved in negotiations. He went on to warn Congress, which has authority over trade agreements, “not to interfere” or he will scrap NAFTA altogether. Under NAFTA rules, Trump can withdraw the U.S. from the ...

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Ford Cancels China-Made Import Because Trump

Bloomberg News reports: Ford Motor Co. is canceling plans to import a new crossover model from a plant in China after President Donald Trump’s tariffs undermined the business case for bringing the vehicle to the U.S. market. Trump’s move to slap China-built autos with an additional 25 percent levy in July undermined the profitability of the Focus Active that Ford ...

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Bombshell Trump Leak Upends Canadian Trade Deal

The Toronto Star reports: High-stakes trade negotiations between Canada and the U.S. were dramatically upended on Friday morning by inflammatory secret remarks from President Donald Trump, after the remarks were obtained by the Toronto Star. In remarks Trump wanted to be “off the record,” Trump told Bloomberg News reporters on Thursday, according to a source, that he is not making ...

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Trump Administration To Pay $4.7 Billion In Relief To US Farmers Hurt By Trump’s Stupid Trade War With China

NPR reports: The Department of Agriculture will pay $4.7 billion to farmers growing soybeans, cotton and other products hit by tariffs in the Trump administration’s hard-line trade war with China, announcing the first batch of payments from a $12 billion government aid package. Starting next Tuesday, the agency will take applications from farmers who produce corn, cotton, dairy, hogs, sorghum, ...

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Trump Says He’ll Terminate NAFTA, Threatens Canada

The Associated Press reports: President Donald Trump says he’ll be “terminating” the North American Free Trade Agreement as he pursues a deal with Mexico and starts negotiations with Canada. Trump said Monday during an Oval Office event that he’ll be calling the emerging agreement the “United States-Mexico Trade Agreement.” He says it will mark the end of the NAFTA name. ...

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China Retaliates As Billions In New US Tariffs Kick In

CNBC reports: A new round of U.S. tariffs on $16 billion worth of Chinese imports kicked in on Thursday, prompting Beijing to retaliate with its own levies on American goods worth the same amount. The latest trade escalation comes as officials from the world’s two largest economies meet for tariff negotiations in Washington. At 12.01 a.m. EDT on Thursday, the ...

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Bikers To Boycott Harley-Davidson Because Trump

The New York Times reports: Gary Rathbun rumbled into South Dakota to attend the United States’ pre-eminent gathering of motorcycle enthusiasts atop his Harley-Davidson, a 2009 Ultra Classic that brought him 800 miles from Idaho. It is the 40th Harley he has owned. It will also likely be his last. Like many of Harley’s most loyal customers, Mr. Rathbun was ...

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Trump To Dine Tonight With Apple CEO Tim Cook

The Hill reports: President Trump will dine with Apple CEO Tim Cook on Friday, praising the tech leader in a tweet for making investments in the U.S. Trump announced late Friday that he would meet with the CEO, a dinner conversation that will take place just days after the president met with a number of business leaders representing various industries ...

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SOUTH CAROLINA: Tariffs To Shutter Television Plant

CNBC reports: A South Carolina television maker says it’s laying off 126 workers because of President Donald Trump’s tariffs on imports from China. Element TV Company said in a letter to state employment officials Monday that workers will be let go Oct. 5, leaving a skeleton crew of eight employees to watch the Fairfield County plant in hopes it can ...

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Trump Brags About Trade Deal As Farmers Lose Money

ABC News reports: Pig prices are plunging – so, too, those of American soybeans. America’s heartland farmers, in states largely supportive of President Donald Trump, say they are starting to feel real financial pain from a tit-for-tat trade war Trump once promised will be “easy to win.” “We have loss of confidence in our products and we have loss of ...

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LIVE VIDEO: Trump Holds Joint Presser With EU Leader After Reportedly Striking Deal To Avoid Trade War

The Wall Street Journal reports: The European Union delegation meeting with President Donald Trump Wednesday agreed to some concessions in an effort to avoid a trade war with the U.S., according to a European official in the room. The official said European Commission President Jean-Claude Juncker and his top trade official Cecilia Malmström agreed to work with the U.S. administration ...

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Agriculture Sec. Sonny Perdue Unveils $12B Bailout Of US Farmers Due To China’s “Illegal Retaliatory Tariffs”

The Hill reports: The Department of Agriculture (USDA) on Tuesday announced it would offer $12 billion in aid to farmers hindered by retaliatory tariffs imposed on U.S. grain, produce and meat exports as the Trump administration digs in for a protracted trade battle. The department will use the emergency aid to assist and buy crops from farmers who’ve lost billions ...

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Trump Plans $12 Billion Bailout To Farmers Because Of Tariffs Imposed On Their Goods By His Own Trade War

CNBC reports: The Trump administration plans to offer billions of dollars in aid to farmers hit by tariffs on their goods, an emergency bailout intended to ease the pain caused by Trump’s escalating trade war in key electoral states, people briefed on the plan told CNBC. The total aid amount is reportedly about $12 billion. A senior administration official told ...

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Trump Hails “Greatest” Tariffs Ahead Of EU Meeting

USA Today reports: Ahead of a big trade meeting with European officials, President Donald Trump on Tuesday hailed tariffs as both a negotiating tactic and as punishment. The tweet came ahead of his Wednesday meeting with European Commission President Jean-Claude Juncker. The two leaders plan to discuss U.S tariffs on aluminum and steel, and Trump’s threat to extend duties to ...

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Mike Pence’s Hometown Hit Hard By Trump’s Tariffs

The Washington Post reports: According to the Brookings Institution, the Columbus, Indiana area is the most export-reliant region in the country, with just over half of its economic output linked to foreign purchases. “I’m very worried,” said Tom Linebarger, the chief executive of Cummins, who met with President Trump over dinner at the White House in January in a bid ...

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Trump Threatens Tariffs On All Chinese Goods [VIDEO]

CNBC reports: President Donald Trump said the stock market rally since his election victory gives him the opportunity to be more aggressive in his trade war with China and other countries. “This is the time. You know the expression we’re playing with the bank’s money,” he told CNBC’s Joe Kernen in a “Squawk Box” interview aired Friday. The president also ...

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Chinese Tariffs May Double Price Of MAGA Hats

ABC News reports: The latest round of tariffs on products from China proposed by President Donald Trump could double the price of “Make America Great Again” hats inspired by his 2016 campaign slogan, according to a merchandiser who imports them. The new tariffs announced Thursday would hit $200 billion worth of Chinese imports, especially consumer goods, including the popular hats ...

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