Donald Trump, President of the United States, threatened China with an additional 50% tariff on Monday after the Asian nation imposed 34% tariffs on U.S. imported goods. He made the threat in a Truth Social posting: China retaliated yesterday with a 34% increase in Tariffs. This is on top of the already high Tariffs they have, as well as their illegal Subsidization, … [Read more...] about Trump Vows ‘Massive’ 50 Percent Tariff on China, Escalating Trade War
Tariffs
China Announces Massive 34% Tariff Strike Against US, Deadline Set for April 10
China announced Friday a number of additional tariffs against U.S. products as a response to the sweeping tariffs that President Donald Trump imposed. The Finance Ministry announced that it would be imposing additional tariffs of 34 percent on all U.S. products starting April 10. Beijing has also announced that it will begin imposing export restrictions on medium and … [Read more...] about China Announces Massive 34% Tariff Strike Against US, Deadline Set for April 10
Trump’s Tariff Bombshell Ignites Global Trade War Fears
Trump’s decision to impose tariffs against U.S. products imported by both allies and rivals has sparked retaliation, intensifying the trade war that threatens to ignite inflation and raise recession concerns. The announcement of sanctions on Wednesday has caused turmoil in world markets. Other leaders have condemned the imminent end to an era that has seen liberalized trade … [Read more...] about Trump’s Tariff Bombshell Ignites Global Trade War Fears
Thune Demands GOP Senators Block Anti-Tariff Resolution in Dramatic Showdown
The Hill reported that Senate Majority leader John Thune (R-S.D.) wants his colleagues not to vote for a Democrat sponsored resolution that would overturn President Donald Trump's 25 percent tariff on Canadian imports. The Hill reports that Thune believes tariffs are needed to address the fentanyl epidemic in the United States. Ending the emergency order, he says, would … [Read more...] about Thune Demands GOP Senators Block Anti-Tariff Resolution in Dramatic Showdown
Canadian PM Mark Carney Believes Trump Trade War Is Hurting the U.S.
Mark Carney, the Canadian prime minister, said this week that President Donald Trump’s tariffs against products from Canada and Canada-related countries "hurt American consumers and workers". During a campaign appearance in Ontario ahead of the Canadian election next month, Carney said, "The relationship between Canada and the United States has changed. We did not change … [Read more...] about Canadian PM Mark Carney Believes Trump Trade War Is Hurting the U.S.