Tag Archives: tariffs

Mexico Hits Back With New Round Of Retaliatory Tariffs

Politico reports: Mexico on Thursday began imposing its second stage of retaliatory tariffs on dozens of U.S. goods in response to President Donald Trump’s duties on Mexican steel and aluminum exports to the United States. The tariffs complete Mexico’s two-part retaliation on almost $3 billion worth of U.S. products. The Mexican government, which first announced its retaliation list last month, …

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40+ WTO Nations Raise Alarm Over Trump’s Tariffs

Reuters reports: Major U.S. trading partners including the European Union, China and Japan voiced deep concern at the World Trade Organization (WTO) on Wednesday about possible U.S. measures imposing additional duties on imported autos and parts. Japan, which along with Russia had initiated the discussion at the WTO Council on Trade in Goods, warned that such measures could trigger a …

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Trump Rages: Screw Harley-Davidson, I’m Just Going To Get Other Motorcycle Companies To Move To The US

CNBC reports: President Donald Trump is blasting Harley-Davidson again for announcing it’s shifting some operations overseas in the wake of retaliatory EU tariffs against U.S. duties. Trump said on Tuesday his administration is working with other motorcycle companies to move into the U.S. Harley-Davidson said on June 25 that EU tariffs implemented would increase the average cost per motorcycle by …

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Canada’s Retaliatory Tariffs On US Goods Go Into Effect

The Associated Press reports: Canada began imposing tariffs Sunday on $12.6 billion in U.S. goods as retaliation for the Trump administration’s new taxes on steel and aluminum imported to the United States. Some U.S. products, mostly steel and iron, face 25 percent tariffs, the same penalty the United States slapped on imported steel at the end of May. Other U.S. …

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Trump Wants US To Leave World Trade Organization

Axios reports: President Trump has repeatedly told top White House officials he wants to withdraw the United States from the World Trade Organization, a move that would throw global trade into wild disarray, people involved in the talks tell Axios. What we’re hearing: “He’s [threatened to withdraw] 100 times. It would totally [screw] us as a country,” said a source …

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Trump Continues Attack On Harley-Davidson

CNBC reports: President Donald Trump said Tuesday that Harley-Davidson will be “taxed like never before” if they move production overseas, and that the U.S. motorcycle company was using increased trade tensions as an excuse to justify planned changes in manufacturing. On Monday, Harley said it was moving some production overseas due to increased costs from the EU’s retaliatory tariffs against …

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Trump Attacks Harley-Davidson Over Backfired Tariffs

Business Insider reports: President Donald Trump late Monday went after iconic American motorcycle company Harley-Davidson after the company announced it was moving some production out of the US. Harley announced Monday that due to the European Union’s new tariffs on US motorcycles — which came in retaliation for Trump’s steel and aluminum tariffs — the company was shifting some production …

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European Automakers Brace For Trump’s Tariffs

The Washington Post reports: For as long as Donald Trump has been president, he has been threatening to slap tariffs on foreign carmakers to stop flashy German vehicles from “flooding” American streets. On Friday, he repeated the threat and attached a specific number, tweeting about a 20 percent tariff on all automobile imports from Europe. Car tariffs are shaping up …

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Turkey Hits US With Steep Retaliatory Tariffs

When will all this endless winning ever stop? Turkey on Thursday hit back at the United States with steep tariffs on $1.8 billion of goods for President Trump’s duties on steel and aluminum imports that went into effect in March. The additional retaliatory tariffs range between 5 and 40 percent and are set to start on Thursday. Trump has imposed …

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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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Stocks Tumble Over Trump-China Trade Battle [VIDEO]

CBNC reports: Stocks fell sharply on Tuesday after President Donald Trump’s latest threat to China increased fears of an impending trade war between the world’s largest economies. The Dow Jones industrial average fell 324 points at the open, with Boeing and Caterpillar as the worst-performing stocks in the index. The 30-stock index also erased all of its gains for the …

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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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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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