China believes it has economic resilience in the face of U.S. tariffs. However, the communist regime is engaging in a dangerous game of economic chicken, and its bravado is nothing more than smoke and mirrors. China's leaders are claiming they can protect jobs and limit damage from higher tariffs. That's just not true. By definition, tariffs disrupt trade flows and … [Read more...] about China Brushes Off US Tariffs, Promises Powerful Moves to Protect Its Economy
Canada Tariffs
Trump Floats Canada as 51st State: ‘We’d Cherish Them’
Donald Trump said, in a Friday press conference, that Canada was a "cherished" state for the United States, even though it did not need its northern neighbor. Trump told the press, "Canada is not a country we need. We don't even need its lumber. We don’t need Canada's energy, we don’t need anything, but it costs us $200 billion per year to keep Canada afloat." He added … [Read more...] about Trump Floats Canada as 51st State: ‘We’d Cherish Them’
White House: Mexico Committed, Canada May Have Misread Tariffs
The White House announced on Monday that Mexico was "serious' about President Donald Trump’s executive order regarding tariffs, but Canada had "misunderstood". Trump ordered tariffs against goods imported from Mexico, Canada, and China on Saturday, demanding that they stop the flow of illegal immigrants and fentanyl into the United States. This could spark a trade conflict … [Read more...] about White House: Mexico Committed, Canada May Have Misread Tariffs