Keyword: tariff

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  • Narendra Modi is what Trump would be without constitutional restraints [BARF Alert x 2]

    06/15/2019 12:06:16 AM PDT · by Jyotishi · 12 replies
    The Week ^ | June 13, 2019 | Shikha Dalmia
    Both my native country, India, and my adopted country, America, are liberal democracies that are right now in the thrall of right-wing populist demagogues -- Prime Minister Narendra Modi in India's case and President Donald Trump in America's. Few would deny that between the two, Trump is the crazier one -- a showboat with impulse control issues. Modi, by contrast, a humble tea stall owner once, is a veritable picture of discipline and restraint. Yet Modi, who got re-elected by a landslide last month, is potentially more dangerous because Indian democracy lacks strong institutional checks on his illiberal ambitions. In...
  • Texas border town feels stress of Trump tariff threat against Mexico

    06/10/2019 9:37:43 AM PDT · by McQ444 · 32 replies
    NBC ^ | 06-10-19 | Phil McCausland
    LAREDO, Texas — The edges of this small border city bustle with activity as construction vehicles clear flat expanses of land for massive warehouses, and semi-trucks moving American and Mexican goods appear to cover every inch of roadway. To James Gonzalez, 33, the sterile, boxy buildings and traffic congestion only a few miles from the five bridges that connect the U.S. to Mexico represent financial success and future business opportunities. The city's fortunes, based entirely on trade between the two countries, is forever tied to the United States’ kinship with or animus for its southern neighbor. The closeness of that...
  • Trump wins

    06/07/2019 5:38:42 PM PDT · by Hojczyk · 127 replies
    twitter ^ | Hojczyk
    I am pleased to inform you that The United States of America has reached a signed agreement with Mexico. The Tariffs scheduled to be implemented by the U.S. on Monday, against Mexico, are hereby indefinitely suspended. Mexico, in turn, has agreed to take strong measur
  • Here Are The Republicans In Congress Standing With Trump Over Mexico Tariff Threat

    06/05/2019 3:39:33 PM PDT · by ding_dong_daddy_from_dumas · 50 replies
    Daily Caller ^ | 06/05/2019 | Henry Rodgers
    A number of Republicans in the Senate are standing with President Donald Trump over his threat to apply tariffs to Mexico on Tuesday after several party members spoke out against it. Senate Majority Leader Mitch McConnell said Tuesday that “there is not much support in my conference for tariffs” and he is hoping that the tariffs are not implemented. Other Senators also decided to speak out against Trump’s threat. Utah Republican Sen. Mitt Romney said he will not support applying a tariff to Mexico, saying he “would not be inclined to vote [for] a tariff against a friend,” Politico reported...
  • Mexico Officials Prepare To Intercept About 1,000 Migrants

    06/05/2019 11:44:32 AM PDT · by Its All Over Except ... · 37 replies
    Fox News ^ | 6/5/2019 | Marco Ugarte
    Metapa, Mexico - Some 200 military police, immigration agents and federal police were awaiting a group of about 1,000 Central American migrants who were walking north along a southern Mexico highway on Wednesday. The group of migrants, including many women and children, set out early from Cuidad Hidalgo at the Mexico Guatemala border and was headed for Tapachula, the principal city in the region. State and local police accompanied the caravan. ...
  • China threatens corporate hit list on eve of new US tariffs

    06/02/2019 1:37:52 PM PDT · by tcrlaf · 26 replies
    Reuters ^ | 6-2-2019 | Stella Qiu and Dominique Patton
    China on Friday threatened to unveil an unprecedented hit list of "unreliable" foreign firms, groups and individuals who harm the interests of Chinese companies as a slate of retaliatory tariffs on imported U.S. goods was set to kick in at midnight. The commerce ministry did not single out any country or company, but the threat could further heighten tensions after Washington this month put Huawei on a blacklist that effectively blocks U.S. firms from doing business with the Chinese telecoms equipment giant. Beijing's "unreliable entities list" would apply to those who violate market rules and the spirit of contracts, block...
  • Mitt Romney warns of harmful consequences for American consumers if Trump imposes tariffs on Mexico

    06/02/2019 12:04:17 PM PDT · by Trump20162020 · 159 replies
    The Salt Lake Tribune ^ | June 1, 2019 | Thomas Burr
    Sen. Mitt Romney warned Friday that President Donald Trump’s proposed tariffs against Mexico were the wrong approach and could harm Americans more than they help curtail illegal immigration. “A tariff targeting Mexico that negatively impacts our own interests will only end in a waiting game of increasingly harmful consequence to the American people,” Romney said.
  • Stephen Miller’s Racism Might Cause a Recession

    06/02/2019 3:27:35 AM PDT · by Zhang Fei · 34 replies
    Slate ^ | May 31, 20193:34 PM | Jordan Weissmann
    Nobody is happy about Donald Trump’s new threat to slap tariffs on Mexico unless it clamps down on migrants crossing the border. Well, almost nobody. Investors? They’re panicking. Stocks are down. So are treasury yields, which is a sign that folks are worried and fleeing to safe assets. Mexico? What do you think? Republicans in Congress? Senate Finance Chair Chuck Grassley says the move is a “misuse of presidential tariff authority and counter to congressional intent.” The business lobby? It’s peeved. Trump’s own advisers? Some of them are reportedly furious. Specifically, Treasury Secretary Steve Mnuchin, a free trader, and U.S....
  • Mexico's president open to negotiating with US over Trump's tariff threat

    06/01/2019 11:40:56 AM PDT · by Innovative · 22 replies
    CNN ^ | June 1, 2019 | Veronica Stracqualursi, Susanna Capelouto and Sandra Sanchez
    Mexico's president on Saturday said he's open to negotiating with the United States after President Donald Trump threatened to slap tariffs on all Mexican imports over immigration. "I believe we will be able to reach an agreement, because reason is with us," Mexican President Andrés Manuel López Obrador said at a news conference in Veracruz, insisting that Mexico wants to maintain a good relationship with the United States.
  • Grassley slams Trump tariffs on Mexico: 'A misuse of presidential tariff authority'

    06/01/2019 4:01:21 AM PDT · by SMGFan · 83 replies
    The Hill ^ | May 30, 2019
    Senate Finance Committee Chairman Chuck Grassley (R-Iowa) condemned President Trump's new tariffs on Mexico late Thursday, calling the move a "misuse" of presidential tariff authority and cautioning the levies could derail passage of the United States-Mexico-Canada Agreement (USMCA). "Trade policy and border security are separate issues. This is a misuse of presidential tariff authority and counter to congressional intent," Grassley said in a statement. The lawmaker cautioned that following through on Trump's tariff threat "would seriously jeopardize passage of USMCA," a revision of the North American Free Trade Agreement (NAFTA). "I support nearly every one of President Trump’s immigration policies,...
  • Mexico's Nat Farm Council-Supports surgical application of retaliatory tariffs (Target Trump States)

    05/31/2019 12:33:07 PM PDT · by tcrlaf · 24 replies
    Forex live ^ | 1-31-2019 | Greg Michalowski
    The proposed Trump tariffs on Mexico in an attempt to get them to stop the flow of immigrants across the border, has solicited response from the Mexican National Farm Council. They say: It supports surgical application of retaliatory tariffs aimed at US states that support trumps Republican Party, if the tariffs are enacted Such retaliatory tariffs voting US states should be a last resort US exports to Mexico include greens, pork, apples could form part of a new list of possible Mexican targets for retaliatory tariffs
  • Mexico president tells Donald Trump: 'America First is a fallacy' in response to tariff threat

    05/31/2019 8:20:37 AM PDT · by Mariner · 107 replies
    USA Today via Yahoo ^ | May 31st, 2019 | David Jackson
    <p>WASHINGTON – The president of Mexico says he wants to avoid a confrontation with the United States, but had harsh words about President Donald Trump's plan to impose tariffs on Mexican goods to pressure the nation to stem the flow of Central American migrants.</p>
  • THAT WAS QUICK: Mexico’s President Begs Trump For Friday Meeting on Just Announced Tariffs

    05/30/2019 9:47:59 PM PDT · by tcrlaf · 185 replies
    Gatewsy ^ | 5-30-2019 | Cristina Laila
    Just hours after President Trump announced he will be imposing 5% tariffs on Mexican imports over illegal immigration, Mexico’s president Lopez Obrador sent Trump a letter begging for a meeting to work toward a solution. “Mexico’s President Lopez Obrador asks Trump to have U.S. officials meet with the Mexican foreign minister in Washington on Friday to seek a solution that benefits both nations,” Reuters reported.
  • Trump announces tariffs against Mexico, starting at 5 percent, until illegal immigrants 'STOP'

    05/30/2019 5:37:59 PM PDT · by Hojczyk · 43 replies
    Fox News ^ | May 31,2019 | Greg Re
    Trump announced a new 5 percent tariff on Mexico beginning in early June, saying the levy will "gradually increase" until the ongoing illegal immigration surge at the southern border is "remedied" and illegal migrants "STOP." "On June 10th, the United States will impose a 5% Tariff on all goods coming into our Country from Mexico, until such time as illegal migrants coming through Mexico, and into our Country, STOP," Trump wrote. "The Tariff will gradually increase until the Illegal Immigration problem is remedied, ... which time the Tariffs will be removed. Details from the White House to follow."
  • Trump to impose 5% tariff on Mexico to stop illegal immigration (Twitter)

    05/30/2019 4:50:28 PM PDT · by bkopto · 72 replies
    TheRealDonaldTrump ^ | 5/30/2019 | President Trump
    On June 10th, the United States will impose a 5% Tariff on all goods coming into our Country from Mexico, until such time as illegal migrants coming through Mexico, and into our Country, STOP. The Tariff will gradually increase until the Illegal Immigration problem is remedied,.. which time the Tariffs will be removed. Details from the White House to follow.
  • June 10th, United States will impose a 5% Tariff on all goods coming into our Country from Mexico

    05/30/2019 4:50:28 PM PDT · by SMGFan · 176 replies
    On June 10th, the United States will impose a 5% Tariff on all goods coming into our Country from Mexico, until such time as illegal migrants coming through Mexico, and into our Country, STOP. The Tariff will gradually increase until the Illegal Immigration problem is remedied,.. which time the Tariffs will be removed. Details from the White House to follow.
  • Amazon is the third superpower heightening the drama of the U.S. China trade war

    05/20/2019 11:43:01 AM PDT · by KingofZion · 12 replies
    The Washington Post ^ | May 17, 2019 | Jeanne Whelan
    *** Maxsa, which manufactures many of its products in China, had to start paying 25 percent more to import some goods after the United States introduced tariffs on Chinese-made products last summer. Faced with higher costs, Maxsa says it managed to persuade several small U.S. retailers to pay roughly 20 percent more for the company’s wares. But its biggest customer, Amazon, drove a much harder bargain. Amazon, which buys products from Maxsa and then sells them to consumers, initially rejected Maxsa’s attempt to charge more for a laser-guided parking aid called Park Right, forcing Maxsa to cut off sales to...
  • Trump’s Trade War With China Is Taxing Missouri Farmers

    05/18/2019 4:38:33 AM PDT · by reaganaut1 · 34 replies
    Wall Street Journal ^ | May 17, 2019 | Blake Hurst
    ... Atchison County, my small farming community in northwest Missouri, is home to about 5,000 people. One hundred thousand acres of soybeans are planted here each year. The drop in soybean prices has meant a loss of around $100 in potential income on each of those acres. Atchison County farmers will be looking at a decline of $10 million in gross income this year, or about $2,000 per capita. We won’t be buying many Whirlpool washers. Supporters of the tariffs begin each conversation with a litany of Chinese wrongs. They say China ignores the rules governing international trade and is...
  • Trade war pushes China into current account deficit

    05/15/2019 8:04:22 AM PDT · by SeekAndFind · 25 replies
    American Thinker ^ | 05/15/2019 | Chriss Street
    The biggest damage from a renewed trade war with the United States will be China’s swing from 25 years as a net domestic saver to a global net borrower. More than $1 trillion in stock value was wiped out on Monday due to the collapse of the expected U.S./China Trade Deal. The American government mostly ignored the 600 point drop in the Dow Jones Industrial Average and soybean futures hitting an 11-year low; but China’s central bank was forced to inject $3.5 billion into the financial system after foreign investors dumped a record $1.6 billion worth of mainland shares...
  • Williams-Sonoma CEO says the company saw tariff hikes coming, hired more US workers

    05/14/2019 5:26:58 PM PDT · by tcrlaf · 32 replies
    CNBC ^ | 5-13-2019 | Tyler Clifford
    Williams-Sonoma CEO Laura Alber said Monday that the company shuffled its operations over the past year in anticipation of high tariffs on imports from China. The home goods retailer made adjustments over the past year believing that tariffs on Chinese imports could reach 25%. “I think that you’re better off preparing for the worst,” she said in a one-on-one interview with “Mad Money” host Jim Cramer Monday in San Francisco. “Unfortunately that pessimism has come true, and we are more prepared.” Williams-Sonoma shifted some furniture production to Vietnam, Indonesia and the United States after President Donald Trump slapped 10% duties...