Who Holds The Cards In US-China Trade War?
President Donald Trump and Nationwide President Xi Jinping are in the early stages of a major trade showdown, with each leader equipped with enough ammunition to inflict serious pain on his enemy. China is one of the only countries to retaliate against Trump’s “liberation day” taxation, with the Trump administration increasing the fees for US […]
Can Newsom insulate California from Trump’s trade war?
Washington – Gov. Gavin Newsom last week promised action in response to President Trump’s dramatic decision to increase tariffs on trading partners around the world. But if Trump passes with them, will he have the power to protect California’s economy? Newsletter You are reading the LA Times Politics Newsletter Michael Wilner and Anita Chhabria bring […]
China Fires Back In Trump Trade War
China retaliated against the Trump administration’s new tariffs on Wednesday, and its own tariffs rose sharply, a committee of the China State Affairs Committee announced. Trump administration announcement On Tuesday, US tariffs on Chinese products rose to 104%, and Chinese government said state On Thursday, tariffs on American products will increase from 34% to 84%. […]
Nervous senators from both parties press Trump trade rep on tariffs as high as 104% • Tennessee Lookout
WASHINGTON – US trade representative Jamieson Greer on Tuesday faced Senators from both sides of the aisle who defended the Trump administration’s fundamental tariffs and relayed the economic unrest of their members. Democrats and Republican senators questioned how policy will affect the state’s industry in the coming months. “Who can you suffocate the throat if […]
Economist For Former GOP President Says US Needs ‘Big Trade Deficit’
Former Reagan economist Artraffer said on Monday in Fox Business that the US should not only tolerate it, but to embrace a significant trade deficit. US stocks plummeted Thursday. President Donald Trump announced new baseline 10% tariffs and increased tariffs in countries with trade disruptions, leading to the worst session of the Dow since June […]
Wall Street Giants Sound Warning Bell On Trump’s Trade War
Wall Street’s key figures express concern about the economic impact of President Donald Trump’s massive tariffs on foreign countries. Billionaire hedge fund investors and Trump’s alliance Bill Ackman Posted X-Sunday claimed that the president’s new mutual tariffs on foreign countries were “large and unbalanced” and did not distinguish between his American friends and his enemies. […]
Bucking Trump tariffs, California will push to maintain global trade independently, Newsom says
Sacramento – Gov. Gavin Newsom announced Friday that California is looking for ways to exempt international partners from global recovery as the tariffs and global financial markets have fallen over by President Trump’s presidential sweeping round. “We are not afraid to use the power of the market to fight back and the biggest tax cuts […]
Trump Ends Trade Loophole That Allows Chinese Companies To Flood US With Cheap Goods
President Donald Trump has signed an executive order (EO) aimed at ending a trade loophole that allows retailers to avoid “liberation day” import operations. Trump signed EO Wednesday was aimed at eliminating minimal loopholes in Chinese and Hong Kong products. This rule protected businesses from import duties for certain packages under $800. Such Chinese packages […]
China Ramps Up Trade War In Response To Trump’s ‘Liberation Day’ Tariffs
China’s Treasury Ministry announced its plans to wipe out new tariffs on all US imports on Friday. Provision I said It establishes a 34% Customs According to a statement written in Chinese, for all goods imported from the United States since April 10th. The announcement comes after the president Donald Trump On Wednesday, massive tariffs […]
Trump, again, walks back tariffs in trade war with Canada and Mexico • Tennessee Lookout
WASHINGTON – President Donald Trump signed an executive order on Thursday to delay a month-long widespread tariffs imposed on Canada and Mexico early in the week. The tariffs have overturned Wall Street stocks, increasing the fear of economic fallout. During his signing at the White House, Trump said most of the 25% tariffs held in […]