Tag Archives: tariffs

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 …

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 …

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 …

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 …

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 …

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, …

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 …

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 …

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 …

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 …

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 …

The Hill reports: President Trump fired back at Canadian Prime Minister Justin Trudeau on Friday after Trudeau called Thursday’s implementation of U.S. tariffs on steel and aluminum an affront to Canadian soldiers who died serving alongside their U.S. compatriots. Trump accused Canada’s government of treating U.S. agricultural interests “very poorly” in a tweet, adding that the country was “highly restrictive …

“These tariffs are totally unacceptable. The numbers are clear: The United States has a $2 billion U.S. dollars surplus in steel trade with Canada – and Canada buys more American steel than any other country in the world, half of U.S. steel exports. Canada is a secure supplier of aluminum and steel to the U.S. defense industry, putting aluminum in …

Not that he’ll do anything about it: House Speaker Paul Ryan (R-Wis.) on Thursday condemned President Trump’s decision to impose a new set of steel and aluminum tariffs against close trading allies.  “I disagree with this decision,” Ryan said in a statement after Commerce Secretary Wilbur Ross announced the new duties Thursday morning. “Instead of addressing the real problems in …

NPR reports: Japan’s Prime Minister Shinzo Abe says his government “cannot accept” new U.S. tariffs on imported automobiles, as is reportedly being considered as a possible next move by the White House. President Trump last week launched an investigation into whether auto imports posed a national security risk to the U.S., a justification that might be used to raise the …

The Associated Press reports: The Trump administration announced Thursday it will impose tariffs on steel and aluminum imports from Europe, Mexico and Canada after failing to win concessions from the American allies. Europe and Mexico pledged to retaliate quickly, exacerbating trans-Atlantic and North American trade tensions. The European Commission’s president, Jean-Claude Juncker, said Trump’s decision amounted to trade protectionism and …

The Hill reports: GOP Sen. Orrin Hatch (Utah), the chairman of the Senate Finance Committee, on Thursday, blasted the Trump administration’s decision to slap steel and aluminum tariffs on the European Union, Canada and Mexico saying the financial penalties are a “tax hike on Americans.” “My position remains unchanged: Tariffs on steel and aluminum imports are a tax hike on …

CNBC reports: The United States is likely to impose steel and aluminum tariffs on Canada, Mexico and the EU Thursday, according to a source familiar with the decision. The source, who preferred to remain anonymous due to the sensitivity of the situation, said the tariff decision is coming this morning and is “99.9” percent done. The U.S. expects the EU …

The Hill reports: Retailers are going straight to the source in an expanding effort to stop a potential flurry of steep tariffs proposed by President Trump on foreign-made goods coming into the United States. The National Retail Federation (NRF) has recreated an iconic scene with Ben Stein, an economist and an actor, about tariffs and voodoo economics in the iconic …

The Hill reports: The Tampa Bay Times announced that it would cut about 50 jobs after new tariffs imposed by the Trump administration caused the cost of newsprint to dramatically rise. A spokeswoman for the Times confirmed the layoffs to the Tampa Bay Business Journal, saying they are directly in response to the tariffs imposed on newsprint imported from Canada. …