Tag Archives: trade wars

EU Announces Tariffs On US Goods To Begin Friday

Reuters reports: The European Union will begin charging import duties of 25 percent on a range of U.S. products on Friday, in response to U.S tariffs imposed on EU steel and aluminum early this month, the European Commission said on Wednesday. The move confirms a tit-for-tat dispute that could escalate into a full trade war, particularly if U.S. President Donald ...

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China Blasts Trump’s Tariffs As “Extreme Blackmail”

The Associated Press reports: China’s government has denounced President Donald Trump’s threat of tariffs on $200 billion of Chinese goods as blackmail and warned it would respond with “strong countermeasures.” The Commerce Ministry on Tuesday gave no details but said Beijing is ready to “defend the interests of the Chinese people and enterprises.” Trump ordered the U.S. Trade Representative to ...

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Some Canadians #BoycottUSA Over Trump’s Trade War

The New York Post reports: Blame America. Canadians have taken to practicing pocketbook diplomacy in defense of Prime Minister Justin Trudeau, who is caught in a trade war of words with President Trump, by boycotting American goods and canceling vacations to the United States, according to a report. Shoppers are shunning Kentucky bourbon, California wine and Florida oranges, and avoiding ...

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Trump Approves Tariffs On $50B In Chinese Goods

Bloomberg reports: President Donald Trump has approved tariffs on Chinese goods worth about $50 billion, said a person familiar with the decision, ratcheting up a confrontation on trade with Beijing and triggering losses in the domestic stock market. The Trump administration is preparing to release a refined list of the first batch of Chinese products to be hit with tariffs ...

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Canada Considers Sanctions On Trump’s Businesses

This would go over with hilarious results: Canadian Foreign Minister Chrystia Freeland says she is not ruling out potential retaliatory sanctions against the Trump Organization in response to the U.S. president’s recently announced tariffs. Freeland was asked by a Canadian lawmaker during a question period whether the nation’s government has considered sanctions targeting Trump’s businesses, rather than the American people, ...

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GOP Senator: Trump’s Attacks On Allies Are Like Fights With A Spouse, You Say Things You Wish You Hadn’t

“Have you ever had a fight with your spouse? And in that fight, you just make the decision, OK things were said that we wish were not but there’s an underlying issue that has to be addressed. Now you put this aside and hope it never happens again but you begin to address the issue. I think we as a ...

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GOP Senator Defends Canada After Trump’s Attacks

The Hill reports: Sen. Susan Collins (R-Maine) came to the defense of Canada following attacks on Canadian Prime Minister Justin Trudeau by President Trump and some of his top advisers. Trump and some of his top economic aides targeted Trudeau over the weekend after the Canadian leader criticized steep tariffs imposed by the U.S. on Canadian steel and aluminum imports. ...

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Angela Merkel: Trump’s Behavior Is Depressing [VIDEO]

Politico reports: At the end of a long weekend of rhetorical salvos over the G7 summit’s chaotic ending, German Chancellor Angela Merkel added her voice to the chorus, saying she found Donald Trump’s actions “sobering and a bit depressing,” while calling for more civility in international exchanges. “The situation isn’t very nice,” Merkel told German public television in a lengthy ...

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White House Trade Adviser Peter Navarro: There’s A Special Place In Hell For Justin Trudeau [VIDEO]

Politico reports: White House trade adviser Peter Navarro lit into Canadian Prime Minister Justin Trudeau on Sunday, saying there’s a “special place in hell” for a world leader that double crosses President Donald Trump. “There’s a special place in hell for any foreign leader that engages in bad-faith diplomacy with President Donald J. Trump and then tries to stab him ...

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Trump Economic Adviser Larry Kudlow: Trudeau Double Crossed America And Stabbed Us In The Back [VIDEO]

The Hill reports: White House economic adviser Larry Kudlow on Sunday tore into Canadian Prime Minister Justin Trudeau for “double crossing” President Trump with critical comments about U.S. trade policy. “He was polarizing. He really kind of stabbed us in the back,” Kudlow said in strikingly critical remarks during an appearance on CNN’s “State of the Union.” “He did a ...

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Glorious Leader Calls Justin Trudeau A Liar

CBS News reports: Canadian Prime Minister Justin Trudeau announced he told President Trump he will go through retaliatory tariffs after Mr. Trump’s decision not to exempt allies such as Canada from tariffs on steel and aluminum imports. Although Mr. Trump signed onto the communique for the G-7 summit, he tweeted afterward that he had instructed representatives “not to endorse” it ...

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Angela Merkel Posts G7 “Stare Down” Photo With Trump

Reuters reports: If a picture is worth 1,000 words, Angela Merkel has some thoughts. The German chancellor uploaded a photograph on Instagram of her and French President Emmanuel Macron seeming to stare down President Trump. The U.S. president is staring back, arms crossed, as Japanese Prime Minister Shinzo Abe looks on with his arms also crossed. National Security Adviser John ...

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Trump Lashes Out At “Fake News” CNN Reporter For Question About Trade War Tensions With Allies [VIDEO]

Even on the world stage, he just cannot resist: President Trump slammed CNN as “fake news” after a reporter with the news organization asked him a question during a press briefing at the Group of Seven (G-7) summit. After the reporter asked Trump a question about tensions between him and other leaders at the G-7 summit, the president asked what ...

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LIVE VIDEO: Trump Holds Presser With Japanese PM

CBS News reports: President Trump and Japanese Prime Minister Shinzo Abe are meeting at the White House and holding a joint press conference Thursday, as the date of the U.S.-North Korea summit fast approaches. Speaking to reporters alongside Abe on Thursday, Trump said that the Tuesday summit is still subject to change. “I think I’m very well prepared,” Trump said ...

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GOP Senator Blasts Trump’s “Not Grownup” Leadership: We’re About To Have A Full-Scale Trade War [VIDEO]

CBS News reports: Outspoken Trump critic Sen. Jeff Flake, R-Arizona, is lashing out against the administration’s latest tariff policy leveled against U.S. allies, calling the move “not grown-up leadership” in excerpts of remarks he delivered on the Senate floor on Thursday. The administration announced the move to impose tariffs last week after President Trump initially proposed them back in March, ...

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ARKANSAS: Three Tire Makers Request Exemption From Trump’s Steel Tariffs Or They Will Go Out Of Business

Arkansas Online reports: Bekaert Corp., Kiswire America and Tokusen USA jointly requested blanket exclusion from what they described as “grade 1078 and above wire rod for tire cord” that they import, arguing that the quality of wire rod they require is unavailable from U.S.-based steel producers. If they can’t get access to the imported steel they need, the companies say ...

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Merkel Predicts “Contentious” G7 Summit With Trump

The Associated Press reports: Before President Donald Trump sits down with a third-generation North Korean autocrat, he will face what may well turn out to be a tougher crowd — some of America’s oldest allies. With his new tariffs increasing U.S. isolation, Trump heads to Canada on Friday for a meeting of the Group of Seven industrialized nations. The White ...

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Corker Rebuffs Trump’s Plea To Drop Anti-Tariffs Bill

The Washington Post reports: Sen. Bob Corker (R-Tenn.) introduced a bipartisan bill Wednesday that would give Congress new authority to check the president’s trade moves, going forward with the legislation after rebuffing a personal appeal from President Trump to back off. Corker’s bill would require congressional approval when the president enacts tariffs under the auspices of national security, as Trump ...

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Senate Bill Would Rein In Trump’s Tariffs Authority

The Hill reports: Senators are planning to introduce legislation as soon as Tuesday to require President Trump to get congressional approval for tariffs implemented for national security purposes. Sen. Bob Corker (R-Tenn.), who is spearheading the legislation, told reporters that he will roll out the bill as early as Tuesday and wants to try to get it attached to a ...

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McConnell Begs Trump To Pull Back From Tariffs

The Louisville Business Journal reports: Senate Majority Leader Mitch McConnell (R-Ky.) is urging President Trump to “pull back from the brink” from an international fight over tariffs, warning they could start a “trade war.” “I don’t think anything good will come out of a trade war, and I hope we pull back from the brink here,” McConnell said at the ...

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