Tag Archives: tariffs

“Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long time abused USA is bringing in Billions of Dollars a week from the abusing countries on Tariffs that are already in place. “This is despite the fact that the biggest abuser of them all, …

The Associated Press reports: Global stock markets extended a severe plunge Monday, fueled by fears that U.S. tariffs would lead to a global economic slowdown. European and Asian shares saw dramatic losses, the leading U.S. index flirted with bear market territory in pre-market trading, and oil prices sagged. Tokyo’s Nikkei 225 index lost nearly 8% shortly after the market opened …

“We have massive Financial Deficits with China, the European Union, and many others. The only way this problem can be cured is with TARIFFS, which are now bringing Tens of Billions of Dollars into the U.S.A. They are already in effect, and a beautiful thing to behold. The Surplus with these Countries has grown during the ‘Presidency’ of Sleepy Joe …

Mediaite reports: CBS anchor Margaret Brennan challenged Trump Commerce Secretary Howard Lutnick over how the Trump administration’s sweeping new tariff policy targeted remote territories such as the Heard and McDonald Islands on Sunday. She asked Lutnick, “Like, why are the Heard and McDonald Islands, which don’t export to the United States and are quite literally inhabited by penguins, why do …

“We have a total of seven Republicans in the Senate and I have some beginning support on the House side, which we’ll unveil tomorrow. It will be harder to pass this in the House, no doubt. I think if we get 60 votes in the Senate, they’ll put pressure on the House to look at this. And if we continue …

“So the fact is, the countries are angry and retaliating — and, by the way, coming to the table,” he said. I got a report from the [U.S. Trade Representative] last night that more than 50 countries have reached out to the president to begin a negotiation, but they’re doing that because they understand that they bear a lot of …

The Times of London reports: Jaguar Land Rover is pausing shipments of its British-made cars to America as the fallout from President Trump’s tariffs reverberates around the global economy. One of Britain’s biggest carmakers, JLR is making the move from Monday while it works out how to mitigate the cost of the 25 per cent import tariff that the US …

“China has been hit much harder than the USA, not even close. They, and many other nations, have treated us unsustainably badly. We have been the dumb and helpless ‘whipping post,’ but not any longer. We are bringing back jobs and businesses like never before. Already, more than FIVE TRILLION DOLLARS OF INVESTMENT, and rising fast! THIS IS AN ECONOMIC …

Axios reports: Israeli Prime Minister Benjamin Netanyahu is planning to visit the White House on Monday, four sources with knowledge tell Axios. If the visit takes place as planned, Netanyahu will be the first foreign leader to meet President Trump in person to try to negotiate a deal to remove Trump’s tariffs. The leaders are also expected to discuss the …

The New York Times reports: Jerome H. Powell, chair of the Federal Reserve, warned that President Trump’s tariffs risk stoking even higher inflation and slower growth than initially expected, as he struck a more downbeat tone about the outlook, despite the economy so far remaining in a “good place.” “While uncertainty remains elevated, it is now becoming clear that the …

Newsweek reports: The Nintendo Switch 2 is the buzz of the gaming world right now, with fans eager to get their hands on Nintendo’s latest and greatest hybrid console. It seems those wishing to preorder the console might have to wait a little bit longer, however, with the company reportedly pushing back preorders to better assess the potential impacts of …

Politico Europe reports: Donald Trump may not drink beer, but this week he messed up a lot of people’s pints. Beer was quietly added Wednesday to a list of aluminum-linked products now subject to a 25 percent U.S. import duty. The move, buried in a bureaucratic annex and part of a broader trade war unleashed by the Trump administration, has …

CNBC reports: The stock market took another pounding Friday after China retaliated with new tariffs on U.S. goods, raising fears a trade war will tip the globe into a recession. The Dow Jones Industrial Average traded down 1,130 points, or 2.8%. This follows a 1,679.39 point decline on Thursday. The S&P 500 slid 3.2% after the benchmark shed 4.84% on …

ABC News reports: As markets around the world slumped and other countries plotted retaliation in reaction to President Donald Trump’s sweeping tariffs, Republican Sen. Chuck Grassley and Democrat Maria Cantwell introduced bipartisan legislation Thursday that would require Congress to approve new tariffs. The Senate bill would require the president to notify Congress of new tariffs within 48 hours and for …

The South China Post reports: China has announced it will impose a 34 per cent tariff on imported American goods in addition to existing tariffs in response to the United States’ move to impose its 34 per cent tariffs on Chinese imports, marking the latest escalation in trade tensions between the world’s two largest economies. On Thursday morning, China’s Ministry …

CNBC reports: Stocks plummeted Thursday, sending the S&P 500 back into correction territory for its biggest one-day loss since 2020, after President Donald Trump unveiled sweeping tariffs, raising the risk of a global trade war that plunges the economy into a recession. The broad market index dropped 4.84% and settled at 5,396.52, posting its worst day since June 2020. The …

“It turns out that the supply chains all across the planet are incredibly complex. And if you like the products that you have at the quality that you have them and at the price that you have them, you’re not gonna get to keep them. Trump’s reciprocal tariffs impose hundreds of billions of dollars in new taxes on Americans without …

Politico Europe reports: Germany’s leaders aren’t concealing their preferred strategy on how to counter U.S. President Donald Trump’s “Liberation Day” tariffs: Retaliate hard enough to get Trump to come to his senses. Economy Minister Robert Habeck called for a firm response to what he termed Trump’s “tariff mania.” “The strategy [must] be aimed at, in the end, not risking or …

From the Wall Street Journal editorial board: Mr. Trump’s tariffs look “reciprocal” in name only. First he’s hitting every nation in the world with a 10% “baseline” tariff to sell in the U.S. market. For those he calls “bad actors,” he’s adding up the country’s tariff rate on U.S. goods, plus an arbitrary estimate of the cost of its “currency …

Reuters reports: China on Thursday urged the United States to immediately cancel its latest tariffs and vowed countermeasures to safeguard its own interests, after President Donald Trump declared sweeping levies on all U.S. trading partners around the world. The U.S. move disregards the balance of interests reached in multilateral trade negotiations over the years and the fact that it has …