Keyword: imports

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  • US trade deficit widened to $50.1 billion in July

    09/05/2018 8:00:15 AM PDT · by oincobx · 15 replies
    FoxNews.com ^ | September 5, 2018 | Paul Wiseman
    The Commerce Department says the deficit in goods and services — the difference between what America sells and what it buys from other countries — rose to $50.1 billion in July from $45.7 billion in June. Exports slipped 1 percent to $211.1 billion. Imports increased 0.9 percent to a record $261.2 billion.
  • Proposed [items hit by tariffs] Modification of Action Pursuant to Section 301: China's Acts...,

    08/31/2018 5:55:05 PM PDT · by daniel1212 · 2 replies
    U.S. Gov. ^ | 7-16-18 | Office of United States Trade Representative (USTR)
    On June 20, 2018 (83 FR 28710), the U.S. Trade Representative (Trade Representative) provided notice of an initial action in the Section 301 investigation of the acts, policies, and practices of the Government of China related to technology transfer, intellectual property, and innovation. The initial action was the imposition of an additional 25 percent ad valorem duty on products of China with an annual trade value of approximately $34 billion, effective July 6, 2018. The proposed modification is to maintain the original $34 billion action and the proposed $16 billion action, and to take further action in the form of...
  • Illinois manufacturer to lay off 150 workers, move to Mexico

    08/16/2018 5:54:13 AM PDT · by KeyLargo · 60 replies
    08/15/2018 Illinois manufacturer to lay off 150 workers, move to Mexico By Associated Press A storage safe manufacturer is closing two factories in northern Illinois and moving operations to Mexico to counteract the effects of metal tariffs imposed by President Donald Trump’s administration. Stack-on Products will lay off about 150 people at its Wauconda and McHenry plants when they close Oct. 12, the Chicago Tribune reports. Human resources director Al Fletcher said Tuesday the decision to relocate operations to Juarez, Mexico, was made about two months ago. That’s when Trump announced tariffs on numerous goods and materials from China as...
  • US import prices unexpectedly drop in June

    07/13/2018 7:38:08 AM PDT · by GonzoII · 14 replies
    CNBC ^ | 2 hours ago | Terri Cullen
    U.S. import prices unexpectedly fell in June after rising sharply a month earlier. Import price fell 0.4 percent in the month. Import prices were forecast to rise 0.1 percent in June, after climbing 0.6 percent a month earlier. This is breaking news. Please check back for updates.
  • Trump administration will put steel and aluminum tariffs on Canada, Mexico and the EU

    05/31/2018 6:55:51 AM PDT · by GIdget2004 · 47 replies
    CNBC ^ | 05/31/2018 | Jacob Pramuk
    The Trump administration will put tariffs on steel and aluminum imports from Canada, Mexico and the European Union, the latest action in a string of protectionist policies to crack down on alleged trade abuses. The tariffs of 25 percent on steel imports and 10 percent on aluminum imports will take effect at midnight Thursday, Commerce Secretary Wilbur Ross told reporters. The U.S. gave those allies a reprieve from those duties, but the exemptions were set to expire Friday. The Trump administration will place quotas or volume limits on other countries such as South Korea, Argentina, Australia and Brazil instead of...
  • My Proposal and Thoughts on Import Duties and Reindustrialization [from late 2016, reposted]

    04/05/2018 10:06:30 AM PDT · by Brian Griffin · 11 replies
    Brian Griffin
    I believe we should abandon (officially denounce) trade treaties and go to a generally duty/barter-based system which would be updated from time to time by the Congress. Congress should try to steer global trade into a generally financially balanced system with some exemptions for consumer friendly producers. My proposal allows low-income countries to earn US dollars to pay for American drugs and other necessities. In brief: 1. financially balanced trade in motor vehicles and their parts, with cheap electric car exemptions until January 2024 2. US-only for building supplies, except lumber, plywood and natural stone 3. consumer electronics with exemptions...
  • _Trump Is Right. Chinese Car Makers Are Hosing America & It Must Stop Now

    11/24/2017 10:14:33 AM PST · by xzins · 38 replies
    DC Whispers ^ | November 22, 2017 | DCWhispers
    POTUS Trump speaks simple truths the Establishment Media chooses to ignore. These are truths that concern real jobs for real Americans that would help to lift up a struggling Middle Class. One of those truths is how China has economically raped the United States for decades costing millions of jobs, and likely trillions in economic growth. Mr. Trump is demanding this must end and he’s 100% correct as the following excerpt from The Weekly Standard makes abundantly clear: —————- China has announced that it will soon be marketing its cars in the United States. The People’s Republic is the largest...
  • Whirlpool's Dirty Laundry

    11/21/2017 3:32:42 PM PST · by Eric Pode of Croydon · 29 replies
    American Spectator ^ | 20 November 2017 | Andrew Wilford
    Despite Whirlpool’s arguments being the corporate equivalent of a child who wants dessert but not to clean his room, the ITC sided with Whirlpool and is now considering which “remedies” to impose. Whirlpool, for its part, suggests a prohibitively high 50 percent tariff on washing machine imports from LG and Samsung. Implementing this tariff, even in a temporary manner, would harm opportunities for thousands of American workers. Samsung is already in the process of building a washing machine factory in South Carolina, expected to employ nearly 1,000 American workers. LG is constructing a factory in Clarksville, Tennessee, which would employ...
  • Mexican court forbids imports of US potatoes

    08/04/2017 8:53:58 PM PDT · by boycott · 33 replies
    FoxBusiness.com ^ | August 04, 2017
    A Mexican federal court has made an unusual ruling that bans the import of U.S. potatoes on the grounds the imports violate Mexicans’ right to food sovereignty and a healthy environment. A group of Mexican potato growers had sought a constitutional injunction on the imports, claiming they threaten to spread agricultural diseases. The court said Mexican agricultural authorities had failed to use methods like radiation treatment of imports to prevent diseases. But because federal injunctions are intended only to protect constitutional rights, the ruling had to break some new ground. The court ruled the ban must be implemented to preserve...
  • U.S. Bans Imports of Brazilian Beef Over Safety Concerns

    06/24/2017 8:39:46 PM PDT · by nickcarraway · 24 replies
    CNN ^ | June 23, 2017 | Ivana Kottasová
    The U.S. Department of Agriculture announced the immediate suspension of fresh beef imports from the South American country on Thursday after inspections uncovered public health concerns, unsanitary conditions and animal health issues. The agency said the ban will remain in place until Brazil "takes corrective action." Brazil is the fifth biggest supplier of beef to the U.S., ranking behind only Canada, Australia, New Zealand and Mexico. It has sent nearly 50 million pounds of beef to the U.S. so far this year. "Although international trade is an important part of what we do at USDA, and Brazil has long been...
  • Largest Ship to Visit U.S. East Coast Arrives in Savannah (Mega Container Ship)

    05/12/2017 6:26:57 AM PDT · by Rebelbase · 36 replies
    gCaptain ^ | 5/11/17 | gCaptain
    COSCO Development passes River Street in downtown Savannah, Georgia. Photo: Georgia Ports Authority/Stephen Morton PhotographyThe largest ship to ever visit the U.S. east coast arrived at the port of Savannah on Thursday after traveling through the expanded Panama Canal from Asia. The COSCO Development entered the mouth of the Savannah River at about 7 a.m. Thursday morning, drawing large crowds of spectators as it made its way past Savannah’s downtown River Street and under the Talmadge Memorial Bridge before docking at the Garden City Terminal at around 11 a.m. With 13,092 TEU capacity and measuring 366 meters long by 48.2...
  • Arizona woman discovers note from 'Chinese prisoner' in purse bought at Walmart

    05/01/2017 4:37:28 PM PDT · by topher · 61 replies
    FoxNew.com ^ | 1-May-2017 | FoxNews.com
    A woman in Arizona said she made a stunning discovery inside a new purse she bought at a Walmart: A note apparently written by a desperate prisoner in China. Laura Wallace found the message, written in Chinese, tucked inside the zipper compartment of the purse she purchased at a Sierra Vista Walmart, KVOA reported.
  • Woman says note from Chinese 'prisoner' was hidden in new purse

    05/01/2017 7:24:28 AM PDT · by Morgana · 7 replies
    Fox12 ^ | May 1, 2017 | Spencer Ernst
    TUCSON, AZ (3TV/CBS 5) - A Sierra Vista woman says she believes she found a note from a Chinese "prisoner" pleading for help, claiming he or she was being forced to work under abusive conditions.
  • Trump Is Said to Abandon Contentious Border Tax on Imports

    04/25/2017 3:41:07 PM PDT · by Theoria · 36 replies
    The New York Times ^ | 25 April 2017 | KATE KELLY, RACHEL ABRAMS and ALAN RAPPEPORT
    The Trump administration has dropped any support for a so-called border adjustment tax on imports, according to two people who have been briefed on the matter. The tax was intended to be the keystone of a tax reform proposal developed by Republican leaders in the House of Representatives. But it faced immense pushback from influential companies including Walmart and Toyota. If enacted, a border adjustment tax would have effectively imposed significant levies on billions of dollars of imported goods. Retailers in particular would have been hard hit, as products ranging from tires to T-shirts, which are imported from overseas, would...
  • VIDEO-Kid Rock Blasts Imported Grills With Shotgun: ‘In Your Face, China’

    03/16/2017 9:27:45 AM PDT · by Freeport · 34 replies
    Breitbart ^ | 15 Mar 2017 | AWR Hawkins
    Kid Rock is celebrating the release of his line of American Badass Grills by catapulting imported grills into the air, shooting them with a shotgun and saying, “In your face, China.” Kid Rock’s American Badass Grills are made in the U.S.A. According to Fox News, Kid Rock released a statement coinciding with the introduction of the grills, saying, “I’m not gonna lie. It is more expensive to make things in America. But it’s important to me. I love America, and I want to do all I can to create manufacturing jobs at home.”
  • In fight with Trump, Mexico has plenty of ways to punch back

    01/29/2017 5:58:30 AM PST · by detective · 77 replies
    MSN News ^ | January 29, 2017 | Joshua Partlow, David Agren
    If the trade war is coming, how would Mexico fare? That is the question that has preoccupied politicians and business leaders here since President Trump won the election and began pursuing his agenda to impose tariffs on goods made in Mexico and to build a wall along the border. Trump has made clear his disdain for the North American Free Trade Agreement, which has governed commerce on the continent since 1994, and Mexican leaders have said that if the terms of the renegotiation did not further their interests, they might walk away, as well. A trade dispute could have painful...
  • Here’s what your guacamole — and other groceries — would cost if we had a Mexico border tax

    01/28/2017 8:37:37 PM PST · by SJackson · 232 replies
    Star Telegram ^ | ELIZABETH KOH
    It was a claim that President Donald Trump repeated on the campaign trail: that he would build a wall and that the Mexicans would pay for it. In his first few days in office, Trump appeared to make good on one portion of that promise, by signing an executive order for the planning and building of that wall to proceed. But the cost for that wall will temporarily be borne by Americans, Trump said, and Mexico’s government insists it will not pay for the construction on the border. On Thursday, President Donald Trump floated a 20 percent tax on imports...
  • Trump Threatens German Car Makers With 35 Percent Tax

    01/16/2017 6:46:30 PM PST · by bobk3 · 67 replies
    The Daily Caller ^ | Robert Donachie
    President-elect Donald Trump threatened German car makers with a big border tax of 35 percent for cars imported into the U.S. Trump criticized German auto makers like BMW and Volkswagen for producing the majority of their vehicles in Germany, not the United States. “You can build cars for the United States, but for every car that comes to the USA, you will pay a 35 percent tax,” Trump told German newspaper Bild. If the German firms decide to build factories in Mexico and plan to sell cars to the U.S., “without a 35 percent tax, you can forget that,” Trump...
  • Trump Team Begin Constructing Import Tariff Proposal – Globalists and UniParty Members Freak Out…

    12/22/2016 7:45:55 AM PST · by bobsunshine · 11 replies
    The Conservative Treehouse ^ | December 22, 2016 | Sundance
    As you review this CNN article it is CRITICAL to remember there are two divergent U.S. economies: a Wall Street economy, and a Main Street economy. The DC UniParty Politicians, the Globalists and the MSM will instantaneously conflate the two. Stay sharp. The direct target of the tariff approach is the enhancement of the Main Street economy. Due to the global nature of Wall Street this immediately puts their financial relationship, their economic risk, in the same place as the risk for foreign countries which would be subjected to the economic leveling of the trade equation. Again, stay intellectually sharp...
  • Americans Bought ‘17,850 Tons’ of Imported Ammo in Last 12 Months

    12/18/2016 8:54:07 AM PST · by dynachrome · 61 replies
    Breitbart ^ | 12-126-16 | AWR HAWKINS
    As gun sales have skyrocketed over the past 19 months, ammunition sales have also surged, with “17,850 tons” of imported ammunition being sold in the past 12 months. That is nearly 18,000 tons of ammo in a year’s time and approximately “2,865 tons of bullets” that were imported in November alone.