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Keyword: tariffs

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  • Tariffs Start to Ripple Their Way Through the U.S. Economy -- Effects are like a tax increase

    06/19/2018 5:20:46 AM PDT · by reaganaut1 · 152 replies
    Wall Street Journal ^ | June 19, 2018 | Josh Zumbrun
    In recent weeks, several major rounds of tariffs have moved from proposals to realities, and major new tariffs have been threatened—shifting the stakes for President Donald Trump’s trade actions on the U.S. economy. Tariffs raise the price of imported goods, increasing costs to consumers, and making domestic producers (who don’t face the tariff) more competitive. Examples of how new tariffs might ripple through the economy have already been provided by earlier, smaller rounds of tariffs. These earlier examples also show why broad effects from tariffs, on the otherwise booming U.S. economy, might be hard to detect. One of the first...
  • President Trump Drops $200 Billion M.O.A.T on Red Dragon (Beijing)…

    06/18/2018 10:17:23 PM PDT · by bitt · 17 replies
    CONSERVATIVE TREEHOUSE ^ | 6/19/2018 | SUNDANCE
    When you plant your tree in another man’s orchard, you might end up paying for your own apples; it’s a risk you take… ….and President Trump knows how to use that leverage better than anyone could possibly fathom; because in this metaphor Beijing relies upon the U.S. for both the seeds and the harvest. President Trump drops the $200b M.O.A.T (Mother of All Tariffs):
  • Postcard-sized trade agreements would solve our problems By Ambassador

    06/18/2018 12:07:57 PM PDT · by yesthatjallen · 13 replies
    The Hill ^ | 06/18/18 | John K. Veroneau
    While overshadowed by other remarks during the Group of Seven meetings last week, President Trump suggested that trade agreements could be “much simpler” and that they should eliminate all barriers to trade. The president’s instincts that trade agreements could be both simpler and more comprehensive are correct. Paradoxically, simpler agreements could go further than existing lengthy agreements in eliminating trade barriers. In fact, the surest way to eliminate all trade barriers would be through a simple, postcard-sized Free Trade Agreement (FTA). A postcard-FTA would involve a single but comprehensive obligation whereby each party would agree “to treat foreign goods, services...
  • Canadians boycott US goods, Trump over tariffs

    06/14/2018 9:09:59 PM PDT · by Berlin_Freeper · 73 replies
    thehill.com ^ | June 14, 2018 | Julia Manchester
    Canadians have started to boycott U.S. goods in the wake of President Trump's war of words with Canadian Prime Minister Justin Trudeau and the recent steel and aluminum tariffs on Canada, the European Union, and Mexico. CTV News reported on Thursday that Canadian shoppers were boycotting Florida oranges, Kentucky bourbon and California wine over the diplomatic rift. Canadians have also employed hashtags such as #BoycottUSProducts, #BuyCanadian and #BoycottUSA.
  • FBI Employee: ‘Trump’s Supporters Are All Poor, Uneducated, Lazy POS’

    06/14/2018 7:46:51 PM PDT · by familyop · 61 replies
    Breitbart ^ | June 14, 2018 | Joshua Caplan
    11:02:22, FBI Employee: “All the people who were initially voting for her would not, and were not, swayed by any decision the FBI put out. Trump’s supporters are all poor to middle class, uneducated, lazy POS that think he will magically grant them jobs for doing nothing. They probably didn’t watch the debates, aren’t fully educated on his policies, and are stupidly wrapped up in his unmerited enthusiasm.”
  • U.S. may impose tariffs against China as soon as Friday

    06/13/2018 9:43:29 PM PDT · by tcrlaf · 31 replies
    Marketwatch ^ | 6-13-2018 | Bob Davis/Lingling Wei
    Original plan called for $50 billion in tariffs on Chinese goods; retaliation likely Reuters A worker walks among containers at the port in Shanghai, China. The Trump administration, deepening its global trade offensive, is preparing to levy tariffs on tens of billions of dollars of Chinese goods in the coming week, perhaps as early as Friday — a move that is likely to spark heavy retaliation from Beijing. Senior trade officials in the White House, the Commerce and Treasury departments and the U.S. Trade Representative’s office met on the issue before President Donald Trump went to a summit of the...
  • Tariffs and the Tax Cut

    06/13/2018 4:23:50 AM PDT · by reaganaut1 · 43 replies
    Wall Street Journal ^ | June 12, 2018
    More than a few conservative intellectuals have warmed to Donald Trump’s trade protectionism because it supposedly helps blue-collar Americans. But what if his tariffs do the opposite? Erica York at the Tax Foundation crunched some numbers recently showing that Mr. Trump’s proposal for a 25% tariff on imported cars, trucks and parts could eliminate half of the income gains from tax reform for millions of Americans. Those in the lowest income quintile could lose 49% of their tax gains. Say for ease of calculation that these folks received a $100 after-tax bonus from changes like the doubled standard deduction. After...
  • President Trump Leads The ‘Great Trade Awakening’…

    06/12/2018 7:35:09 AM PDT · by bitt · 22 replies
    CONSERVATIVE TREEHOUSE ^ | 6/11/2018 | SUNDANCE
    One of the greatest gifts President Trump provides through his policy discussion(s) is an awakening to how much U.S. voter perspective has been driven by constructed fallacy. This is especially true in the discussion of domestic economic policy. There are trillions of dollars at stake; and the stakeholders are growing increasingly angry as President Trump places a spotlight on decades of economic fraud and abuse. Prior to the 2016 election few people understood that DC politicians don’t actually write legislation, lobbyists do. Politicians don’t write laws, their role is to sell legislation created by lobbyist groups. That is the modern...
  • Weak & Dishonest Justin [U.S./Canada trade war]

    06/12/2018 6:44:28 AM PDT · by snarkpup · 18 replies
    Faith J Goldy (YouTube channel) ^ | June 11, 2018 | Faith J. Goldy
    Trump called out Trudeau's hypocrisy and now the two nations are on a brink of an all-out trade war. Trudeau only has votes to gain, risking the entire Canadian economy to get them; meantime, Trump could start to patriate the entire auto sector, securing mega votes in Michigan once again. Why are Cuckservatives siding with Trudeau and is there any sane way to make Dairy Nationalism Great Again?
  • The G7 Summit: Trump’s Reykjavik Moment

    06/10/2018 5:35:08 AM PDT · by EyesOfTX · 15 replies
    DB Daily Update ^ | David Blackmon
    Today’s Campaign Update (Because The Campaign Never Ends) Someone really needs to relieve John McCain of his I-phone. – The guy whose rejection by the American people gave us Barack Hussein Obama got all upset on Saturday over President Trump’s refusal to bow to our Euro-Canadian betters at the G7 summit, and decided to send the following tweet: John McCain ✔ @SenJohnMcCain To our allies: bipartisan majorities of Americans remain pro-free trade, pro-globalization & supportive of alliances based on 70 years of shared values. Americans stand with you, even if our president doesn’t. 7:55 PM - Jun 9, 2018 There...
  • US about to slap disobedient European firms with sanctions over Russian gas project

    06/11/2018 12:54:11 PM PDT · by CondoleezzaProtege · 18 replies
    RT ^ | June 2018 | Jonathan Ernst
    The White House is on the verge of introducing penalties against companies engaged in the construction of the Nord Stream 2 gas pipeline, which will deliver Russian natural gas to the EU across the Baltic Sea. Apart from Russian state-owned energy giant Gazprom, the project is being undertaken by German energy firms Wintershall and Uniper, French multinational Engie, British-Dutch oil and gas giant Royal Dutch Shell, and Austrian energy company OMV. Initially, Gazprom's European partners were planning to become stakeholders in the Nord Stream 2 AG, which is registered in Switzerland. However, the Office of Competition and Consumer Protection, Poland’s...
  • Time for Europe to fill US vacuum, says ex-Danish PM [Helle Thorning-Schmidt]

    06/11/2018 10:32:30 PM PDT · by Olog-hai · 85 replies
    EU Observer ^ | 06/11/2018 16:43 | Eric Maurice
    “Keep calm and carry on.” In the wake of a disastrous G7 summit where US president Donald Trump all but broke off the Western alliance, the EU should stay cool and prepare to take over global leadership. That is the message on Monday (11 June) by a former member of the EU leaders club, Helle Thorning-Schmidt. “The US is leaving a vacuum. And who should step in? For me, it is completely obvious, it is Europe’s time to step in,” the former Danish prime minister said at an event in Brussels. “That’s where our new next opportunity is,” she said,...
  • Kudlow warns WTO won’t determine US policy as summit nears

    06/06/2018 3:28:34 PM PDT · by yesthatjallen · 10 replies
    The Hill ^ | 06/06/18 | Niv Elis
    The president’s top economic adviser on Wednesday implied that the U.S. may not abide by any rulings from the World Trade Organization (WTO), a tough signal ahead of a Group of Seven summit this weekend where Trump is expected to face a backlash from allied leaders over his protectionist trade agenda. “International, multilateral organizations are not going to determine American policy,” White House National Economic Council Director Larry Kudlow told reporters at a press briefing organized to preview President Trump’s trip to Canada for the G-7. The comments paint an unyielding stance on trade as the president prepares to meet...
  • I'm done with Mark Levin

    06/11/2018 4:41:57 PM PDT · by Extremely Extreme Extremist · 115 replies
    EEE | 11 JUNE 2018 | EEE
    Mark Levin calling Trump's trade and economic advisers "idiots" in the first hour. Then he drones on and on about how having a trade deficit is supposed to be good for consumers and belittling other conservative talk radio hosts as "It depends" rather than discussing free markets. Does he not know that this is a negotiation tactic of Trump and the goal here is to make trade policies better for everyone involved? Of course he doesn't, because at heart he's a Never Trumper who is secretly hoping Trump fails so that some massive conservative movement will rise up and elect...
  • Niagara cop found guilty of cheese smuggling (from 2015)

    06/11/2018 1:50:10 PM PDT · by llevrok · 55 replies
    Niagara Regional Police Const. Scott Heron has been found guilty of four criminal charges that include conspiracy to smuggle cheese and chicken wings across the border from the United States into Canada. Heron, 42, had been charged with six counts, three of which related to the Customs Act, and three breach of trust charges that related to his duties as a police officer. Heron was found guilty on all three of the charges laid under the Customs Act, but only one breach of trust charge. Justice James Ramsay delivered his decision on Friday following a five-day trial in the Superior...
  • No, Tariffs are Not 'Domestic Sanctions'

    06/11/2018 11:38:09 AM PDT · by Thalean · 98 replies
    American Greatness ^ | June 11, 2018 | Spencer P Morrison
    The Democratic People’s Republic of Korea (North Korea) is not democratic—it’s barely even a republic. The same goes for the Democratic Republic of the Congo, and the Lao People’s Democratic Republic (Laos). In fact, if a country includes democratic in its name, you can safely assume that it’s not democratic. This is a classic example of, what I like to call, the wisdom of irony: things are often not what they claim to be, and the more they claim, the less they are. Consider Reason Magazine. In a recent piece, columnist A. Barton Hinkle argues that tariffs are sanctions, since...
  • Trump's Tariffs Worry A Small Steel City In Pennsylvania

    06/10/2018 1:05:46 PM PDT · by ATOMIC_PUNK · 24 replies
    https://www.npr.org/ ^ | ASMA KHALID | June 8, 20185:00 AM ET
    Dan Moore, a 58-year-old steel mill worker, gives the president an A+ on everything from tax cuts to foreign policy, but he is not so sure about tariffs. "We need tariffs, but when it starts to impact the company where you work ... you're thinking, well wait a minute, time out!" he said. Moore is worried the tariffs might cost him his job. The mill where he works, NLMK Pennsylvania, in the town of Farrell, not far from the border with Ohio, employs 750 workers and is a subsidiary of Novolipetsk Steel, or NLMK, Russia's top steelmaker. But even though...
  • I love these pics of President Trump at G7

    06/09/2018 2:08:53 PM PDT · by Java4Jay · 156 replies
    self
    Take a look and comment please
  • Merkel predicts 'contentious' G7 summit with Trump

    06/06/2018 10:13:48 PM PDT · by Olog-hai · 44 replies
    TheLocal.de ^ | 6 June 2018 14:55 CEST+02:00 | AFP/DPA/The Local
    German Chancellor Angela Merkel said on Wednesday she expected “contentious discussions” at a G7 summit this week, given differences with US President Donald Trump on trade, climate and security. Speaking two days before the Canada meeting of the club of major industrialized democracies, Merkel also said the leaders may not necessarily manage to agree on a final joint statement. “I think everyone knows there will be difficult discussions there, because G7 summits deal with the global economy, trade, climate protection, development—and foreign policy,” she told German parliament. […] Merkel vowed to enter the talks “in good faith”, but stressed that...
  • Battered by Trump, G7 leaders choose to be 'polite,' productive

    06/07/2018 10:42:19 AM PDT · by mandaladon · 64 replies
    Reuters ^ | David Ljunggren, Jean-Baptiste Vey
    OTTAWA (Reuters) - Leaders of the Group of Seven rich nations headed for a summit in Canada on Thursday more divided than at any time in the group’s 42-year history, as U.S. President Donald Trump’s “America First” policies risk causing a global trade war and deep diplomatic schisms. In a bid to rebuild America’s industry, Trump has imposed hefty tariffs on steel and aluminum imports, including those from key G7 allies like Canada, Japan and the European Union. He has threatened to use national security laws to do the same for foreign car imports and has walked back on environmental...