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Keyword: tariff

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  • 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, ... ..at 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,.. ...at 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,.. ....at 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...
  • Patrick Buchanan: Tariffs -- The Taxes That Made America Great

    05/14/2019 2:20:31 PM PDT · by cba123 · 71 replies
    Cnsnews.com ^ | May 14, 2019 | 5:02 AM EDT | By Patrick J. Buchanan
    As his limo carried him to work at the White House Monday, Larry Kudlow could not have been pleased with the headline in The Washington Post: "Kudlow Contradicts Trump on Tariffs." The story began: "National Economic Council Director Lawrence Kudlow acknowledged Sunday that American consumers end up paying for the administration's tariffs on Chinese imports, contradicting President Trump's repeated inaccurate claim that the Chinese foot the bill." A free trade evangelical, Kudlow had conceded on Fox News that consumers pay the tariffs on products made abroad that they purchase here in the U.S. Yet that is by no means the...
  • Gingrich: China’s economy ‘can’t take the battering’ POTUS Trump is set to deliver

    05/14/2019 1:03:51 PM PDT · by SleeperCatcher · 53 replies
    The National Sentinel ^ | 5/14/19 | Jon Dougherty
    Former House Speaker Newt Gingrich is confident that the tariffs imposed by POTUS Donald Trump on China, including the latest round of 25 percent levies on $200 billion worth of goods, is much more than Beijing will eventually be able to weather. During an appearance on “Sunday Morning Futures” with Fox Business host Maria Bartiromo, Gingrich responded to a Twitter post by the president hinting that the Chinese government is “waiting” him out hoping that 2020 Democratic presidential contender Joe Biden wins the presidency next year and things can go back to ‘normal.’ “I think the Chinese are caught in...
  • Donald Trump is a business ‘killer’ who ‘never plays by the rules’, say Chinese exporters after tari

    05/12/2019 2:28:48 AM PDT · by Zhang Fei · 96 replies
    South China Morning Post ^ | 12:23pm, 7 May, 2019 | He Huifeng
    “Those manufacturers who mainly sell to Europe and the United States need to start taking pain killers again,” said exporter Liao Yu, who produces bags and suitcases in Dongguan. “The cost of relocation is very high for small factories of our kind. But if you don’t move, how do you digest the tariffs? A 25 per cent [tariff] will kill everyone. Meanwhile, European and American customers are now using more suppliers in Southeast Asia to replace us. Trump is just a killer.” “We thought our products would be safe and excluded from the list [subject to US tariffs]. But Trump...
  • China vows to retaliate with 'necessary countermeasures' against Trump's tariff goods

    05/10/2019 5:40:19 AM PDT · by central_va · 49 replies
    dailymail UK ^ | 10MAY19 | Al Reuters
    US Customs and Border Protection imposed the new 25 percent duty on affected US-bound cargoes leaving China after 12.01am on Friday The hike comes in the midst of two days of talks between top US and Chinese negotiators to trying to rescue a faltering deal to end a 10-month trade war China's commerce ministry said 'necessary countermeasures' would be taken Mike Pence said the administration is working 'hour by hour' to reach agreement Economists and industry consultants have said it may take three or four months for American shoppers to feel the pinch from the tariff hike They say...
  • US tariffs on China jump

    05/09/2019 10:09:09 PM PDT · by BeauBo · 101 replies
    CNBC ^ | 10 May 2019 | Jacob Pramuk | Everett Rosenfeld
    The Trump administration is hiking duties on $200 billion worth of Chinese products to 25% from 10%... Industries and businesses affected by the tariff hike will not feel the effect right away: it will apply to goods exported after May 10, according to the Office of the U.S. Trade Representative. It will not affect products already in transit to the United States. Trump has prepared to put even more pressure on China as he pushes for an agreement. The president has threatened to slap 25% tariffs on $325 billion in Chinese goods that remain untaxed.
  • China STEALS $600 Billion in American Intellectual Property Every Year

    04/12/2019 6:55:21 AM PDT · by Thalean · 9 replies
    YouTube ^ | April 12, 2019 | Spencer P Morrison
    Consumers are paying the price” for President Trump’s tariffs, CNN claims. Millions will feel the pinch; many thousands will lose their jobs. What CNN fails to mention is that millions of Americans already feel the pinch, and millions more have already lost their jobs. Why? Chinese consumers won’t pay the price for American exports: China steals up to $600 billion in American intellectual property (IP) every year. Trump understands that tariffs are a powerful political tool that can — and should — be used to force China to pay for their crimes. Most Americans have only a fuzzy understanding of...
  • America Made China Great Again—They Won't Return the Favor

    04/06/2019 1:46:53 PM PDT · by Thalean · 10 replies
    YouTube ^ | April 6, 2019 | Spencer P Morrison
    China's "economic miracle"—the period of rapid economic growth & development since the 1980's—was paid for by America. We capitalized China with $5.2 TRILLION in indirect investment, not to mention FDI & technological exports. America made China great again.
  • Billionaire Kochs Fight Trump’s Economic Nationalist Agenda Ahead of 2020 Election

    02/21/2019 5:57:23 AM PST · by xzins · 40 replies
    Breitbart ^ | 20 Feb 19 | John Binder
    The pro-mass-immigration Koch brothers’ network of billionaire, donor-class organizations is fighting President Trump’s economic nationalist agenda ahead of the 2020 election with efforts to give amnesty to illegal aliens and a campaign for free trade absolutism. While Trump scores victories from his tariffs on Chinese imports and imported aluminum and steel, and from the increased interior enforcement of immigration, the Koch network of organizations — including Americans for Prosperity, Freedom Partners, and the Libre Initiative — is looking to crush the populist-nationalist gains with an unpopular economic libertarian agenda. On the immigration front, the Koch-funded Libre Initiative brought illegal aliens,...