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Keyword: trumptrade

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  • EU to respond to any U.S. auto tariff move: report

    06/23/2018 8:52:49 AM PDT · by GonzoII · 14 replies
    Reuters ^ | June 23, 2018 | Mathieu Rosemain
    PARIS (Reuters) - The European Union will respond to any U.S. move to raise tariffs on cars made in the bloc, a senior European Commission official said, the latest comments in an escalating trade row.
  • ["IF"]...we will be placing a 20% Tariff on all of their [EU] cars coming into the U.S.

    06/22/2018 7:32:39 AM PDT · by GonzoII · 33 replies
    Twitter ^ | 7:25 AM - 22 Jun 2018 | Donal J. Trump 45th President of the United States of America
    Based on the Tariffs and Trade Barriers long placed on the U.S. and it great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the U.S. Build them here!
  • Dow falls 325 points as trade war fears escalate

    06/19/2018 6:48:08 AM PDT · by Red Badger · 55 replies ^ | 06/19/2018 | by Nathaniel Meyersohn
    Stocks are off to another rocky start on Wall Street. Trade war fears drove the Dow down 325 points at the open on Tuesday. That put it in negative territory for the year and on track for its sixth straight decline. The Dow opened down 325 points on Tuesday, turning negative for the year and on track for its sixth straight day of losses. President Donald Trump threatened Monday evening to impose tariffs on an additional $200 billion worth of Chinese goods if Beijing follows throw with its promise to retaliate against a previous round of US tariffs. "Further action...
  • 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 · 161 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...
  • Trump calls for tariffs on additional $200B in Chinese goods as trade war ramps up

    06/18/2018 4:58:57 PM PDT · by SpeedyInTexas · 58 replies
    The Hill ^ | 06/18/2018 | Brett Samuels
    President Trump said Monday he's directed his administration to identify $200 billion worth of Chinese goods that will be subject to additional tariffs, escalating the ongoing trade dispute between the U.S. and China. The president announced Friday that the U.S. would impose 25 percent tariffs on $50 billion in Chinese goods. Beijing responded with reciprocal tariffs on U.S. products. Trump declared Monday that "further action must be taken to encourage China to change its unfair practices." As a result, he asked his trade representative, Robert Lighthizer, to identify $200 billion worth of Chinese goods that would be taxed at a...
  • 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
    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):
  • Trump puts 25% tariff on Chinese goods

    06/15/2018 6:08:41 AM PDT · by GonzoII · 26 replies
    BBC ^ | 10 Minutes ago
    US President Donald Trump has imposed 25% tariffs on $50bn worth of Chinese goods, accusing Beijing of intellectual copyright theft. The US will impose further tariffs if China retaliates, the White House said. The tariffs affect more than 800 types of products and are due to come into effect on 6 July. China has already vowed to retaliate, raising fears of a trade war between the world's two largest economies. Mr Trump said the tariffs were "essential to preventing further unfair transfers of American technology and intellectual property to China, which will protect American jobs."
  • Weak and Dishonest Justin

    06/12/2018 10:41:06 AM PDT · by A Formerly Proud Canadian · 27 replies
    YouTube ^ | Monday 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?
  • President Trump Didn't Sign G7's Leftist Agenda — Smart Move

    06/12/2018 7:03:33 AM PDT · by mairdie · 10 replies
    Investor's Business Daily ^ | 6/12/2018 | Editorial
    G7: President Trump created a quite a stir among the other Western leaders by refusing to sign the "communique" that capped the G7 summit. But he was right to do so. This is once again being styled as the crude, unnuanced American president refusing to accommodate himself to the much wiser leaders of Europe. In fact, he wisely refrained from signing what was an empty, far-left political document, which is typical of the G7 "consensus" that American presidents have gone along with for decades. We're indebted to Susan Jones of who pored over the entire tedious document from the...
  • 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?
  • Trump on 'Fair Trade' not 'Fool Trade' with Canada: 'Justin acts hurt'

    06/11/2018 7:58:44 AM PDT · by a little elbow grease · 86 replies ^ | 6/11/18 | Alex Swoyer
    DJT Tweet:Fair Trade is now to be called Fool Trade if it is not Reciprocal. According to a Canada release, they make almost 100 Billion Dollars in Trade with U.S. (guess they were bragging and got caught!). Minimum is 17B. Tax Dairy from us at 270%. Then Justin acts hurt when called out!
  • Graham: I'm 'not so sure' McCain is right that a majority of Americans back free trade

    06/10/2018 8:28:58 AM PDT · by E. Pluribus Unum · 28 replies
    The Hill ^ | 06/10/18 10:15 AM EDT | JULIA MANCHESTER
    Sen. Lindsey Graham (R-S.C.) took a jab at Sen. John McCain (R-Ariz.) on Sunday, saying he was "not so sure" about McCain's remarks on Saturday that a majority of Americans favor free trade. "I'm not so sure John's right about where America is on trade," Graham told ABC's George Stephanopoulos on "This Week." "The [Sen.] Bernie Sanders [I-Vt.] element of the Democratic Party doesn't stand for free trade. Hillary Clinton said she would get out of the Trans-Pacific Partnership if she had become president. There is a movement in our party that Trump's seized that got him the nomination, and...
  • President Trump Threatens to Stop All Trade With Countries That Don’t Drop Tariffs on U.S. Goods

    06/10/2018 7:50:12 AM PDT · by Mariner · 86 replies
    Fortune via Yahoo ^ | June 10th, 2018 | Erin Corbett
    President Donald Trump delivered a threat to foreign leaders during a press conference Saturday at the 2018 G7 summit in Quebec, Canada: If they don’t dramatically reduce tariffs and trade barriers, “we'll stop trading with them.” Halting all trade with countries that don’t drop tariffs is a “very profitable answer,” Trump said. Trump also repeated an earlier proposal that U.S. trading partners should drop all trade barriers, including tariffs and subsidies to industries and producers in their own countries. “We're the piggy bank that everybody is robbing. And that ends,” Trump said. The comments come in the midst of Trump’s...
  • Trump's tariff on Canadian newsprint is killing US newspapers, Republicans warn

    06/08/2018 9:17:48 AM PDT · by DFG · 103 replies
    Washington Examiner ^ | 06/08/2018 | Pete Kasperowicz
    A dozen House lawmakers have introduced legislation to remove President Trump's tariffs on Canadian newsprint so a study can be done on how much those tariffs are crushing local newspapers around the country. The bill, introduced by Rep. Kristi Noem, R-S.D., is a response to the 22 percent tariff that the Trump administration has imposed on some Canadian newsprint since the beginning of this year. Noem said that tariff has led to rising costs for local newspapers, and are a threat to their survival. "In recent years, new tariffs on Canadian newsprint have increased paper prices by 20 to 30...
  • A Vicious Cycle: Berlin Worried about Losing Trump's Trade War

    06/07/2018 9:40:17 AM PDT · by Olog-hai · 15 replies
    Der Spiegel ^ | June 06, 2018 12:35 PM | Dinah Deckstein, Frank Dohmen, Simon Hage, Peter Müller and Gerald Traufetter
    It was exactly 4 p.m. last Thursday when Peter Altmaier plopped into his seat. The pilot of the government plane quickly taxied to the runway and the German economics minister was happy to get out of Le Bourget business airport in Paris as quickly as possible. Altmaier had spent two days in the French capital last week as part of efforts to prevent the United States from imposing punitive tariffs on steel and aluminum from the European Union. And just before taking off for home, he received official word that his efforts had been in vain. […] In contrast to...
  • Putin Tells Europe on U.S. Trade Threat: 'I Told You So'

    06/07/2018 4:47:09 PM PDT · by CondoleezzaProtege · 20 replies
    Reuters via Moscow Times ^ | June 7, 2018 | Reuters
    Russian President Vladimir Putin said on Thursday that he had warned European countries years ago about the risk of the United States imposing its rules on others, and that they were now paying the price for ignoring him. Speaking during an annual live television phone-in with the Russian people, Putin likened the tariffs that Washington imposed last week on steel and aluminum imports from Canada, Mexico and the European Union to economic sanctions. "It appears our partners thought that this would never affect them, this counterproductive politics of restrictions and sanctions. But now we are seeing that this is happening."...
  • U.S. Steel to restart second furnace in Granite City, hire 300 employees

    06/07/2018 1:28:48 PM PDT · by tcrlaf · 27 replies
    STLToday ^ | 6-6-2018 | Staff
    U.S. Steel Corp. says it will restart the second of two shuttered blast furnaces at its Granite City mill and hire 300 employees. The decision by the Pittsburgh-based company follows a March announcement that it would restart the other blast furnace at the Granite City Works in the Metro East and recall 500 workers. U.S. Steel laid off hundreds of workers when it idled the furnaces in late 2015, with employment at the nearly 2,000 worker plant dipping as low as 100 in the ensuing two years. The company says the restart of the first furnace is in progress and...
  • 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...
  • 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...
  • On Cue – Mitch McConnell Welcomes Legislation To Block President Trump Trade Policy…

    06/06/2018 8:05:09 AM PDT · by Bratch · 16 replies
    There are Trillions At Stake.   There is no upper limit to what congress is willing to do to stop President Trump from turning off the lobbyist funding.  Without influence in DC there can be no affluence in DC.  That’s why McConnell cancelled the recess. If the president continues to remain focused exclusively on what is in the U.S. best interests, he must be stopped.  Politicians in DC cannot just sit-by and allow the U.S. economy to be based on the interests of Americans; it would mean the destruction of years of central planning by DC Lobbyists, multinational banks, Wall Street and...