President Joe Biden’s administration is considering a drawdown of tariffs on Chinese goods in an effort to combat record-high inflation in the U.S. Commerce Secretary Gina Raimondo confirmed the potential move on Sunday, saying Biden has personally asked her team …
via reason: Former President Donald Trump and his top trade advisers spent years arguing that tariffs applied to imports from China were not being paid by Americans—despite what economic theories and actual reality suggested. Since taking office, the Biden administration has picked up that same line of argument. U.S. Trade Representative Katherine Tai …
“At a time when soaring lumber prices have added nearly $36,000 to the price of a new home and priced millions of middle class households out of the housing market, the Biden administration’s preliminary finding to double the tariffs on …
The European Union and the United States have announced the start of discussions to resolve their trade dispute around steel and aluminium — while at the same time address the market distortions caused by China. The trade dispute dates back …
The S&P has all time highs and the MSM doesn’t event care, they use to care but now they are downplaying because they can’t use the economy as a weapon. Trump has taken control of the Fed and the Fed …
via CNBC: President Trump says European Union tariffs hitting Harley Davidson are “unfair.” He pledges to retaliate after the company posted first-quarter profit that fell 26.8%. Harley says falling demand, higher costs from U.S. tariffs on raw materials and European …
by Spencer P Morrison, NEE From Why Trump’s Tariffs Won’t Cost You a Penny: The big reason why so many Americans oppose tariffs is because they don’t understand them. They think tariffs are just another sales tax, and assume that imposing a …
via mishtalk: Trump is on an impossible mission. Tariffs will not reduce the trade deficit and will likely make matters worse. To fully understand Trump’s trade dilemma, consider the following chart. Trump’s Current Account and Trade Deficit Problem in One Picture …
via mishtalk: Trump is hopping mad the EU for at least seven reasons. Mad enough to foolishly smack them with tariffs? I Believe so. MarketWatch reports Trump Threatens Europe With Tariffs and Vows Veto as Senate Rejects Border Emergency. As the U.S. …
Trump is continually making the point that the stock market is up, NASDAQ is up and the economy is doing fantastic, he is using all the [DS] [CB] weapons against them and stopping the [DS][CB] from bringing the country into …
from Zero Hedge The fact that the bottom hasn’t fallen out of the US economy (as many free traders warned that it would) has largely vindicated President Trump’s decision to push ahead with his trade war over objections from Republicans, Democrats …
by sundance In November of last year the New York Post interviewed President Trump asking specifically why he was not declassifying “spygate” documents, and inquiring about the purpose for his reluctance. President Trump responded: “Maybe it’s better that the public not see what’s been …
by WARREN MOSLER Imports are real benefits, exports real costs. Seems everyone of consequence has it backwards? A collapse in global trade can make 2008 look tame:
President Donald Trump suggested he could place a 10 percent tariff on iPhones and laptops imported from China, in an interview with the Wall Street Journal published Monday. He also said it’s “highly unlikely” that he would delay an increase …
China’s former chief trade negotiator has hit out at Beijing over its approach to the US trade war, saying it’s not thinking “deeply enough” about it. “If we have people who always talk about politics engaging in negotiations, we will …
by Mac Slavo of SHTFplan Former Federal Reserve chairman, Alan Greenspan has taken to blasting president Donald Trump’s tariffs, which have flung the United States into a full-fledged trade war with China. Greenspan says that Trump’s policies on tariffs are “insane.” When responding …
President Donald Trump plans to meet with his trade team on Tuesday, according to Bloomberg. He reportedly wants to discuss a draft report on European auto tariffs. Trump sees the threat of auto tariffs as a successful negotiating tactic, according …
by NineteenEighty9 The United States is preparing new tariffs against all remaining Chinese imports if trade talks between Presidents Donald Trump and Xi Jinping fail to reconcile the ongoing trade dispute, according to Bloomberg News. The U.S. stock market fell …
by Mac Slavo of SHTFplan The warnings against tariffs were not heeded by the United States government, and they are now coming to fruition. Ford Motor Company has announced that the Trump Administration’s tariffs on imported Chinese goods and retaliatory tariffs have cost …
BY PATRICK WATSON Trade policy is not a popular or well-understood topic among Americans. It’s even less so among younger Americans. Until now… maybe. I’ve recently visited the Texas Tribune Festival in Austin. There, Senator Amy Klobuchar (D-Minnesota) said something that …
by Spencer P Morrison, NEE Too often the tariff debate is fought along economic lines: will tariffs create jobs or will they funnel wealth into dying industries? This line of reasoning is fundamentally flawed. Economics and politics—wealth and power—are inseparable, they …
via yahoo: With little prospect of a restart for U.S.-China trade talks, JPMorgan Chase & Co. now expects an escalation in tensions that will see higher American tariffs on all Chinese imports, sending the yuan sliding to its weakest against …
by Mac Slavo of SHTFplan As the trade war intensifies and president Donald Trump continues to hold firm on raising tariffs, many are feeling the pinch. If you’re looking for a new car though, your wallet could be dramatically impacted, as those higher …
by Ruby Henley I had to shop for clothes today, and I realized I would have to spend more than I had expected. I bought less, but I did buy what I really needed. You need to buy now, instead …
by Ruby Henley Is the United States ‘trade bullying’ like China says? If so, what is this going to do to the average American – like you and me? Tariffs have a direct effect on all American clothing and many …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The primary culprit of the ballooning US trade deficit is being purposefully obscured: Corporate America China is taking its propaganda on trade directly to the US. And “folly” seems to be the preferred official term. The …
via Stephen Nellis A “wide range” of Apple Inc (AAPL.O) products including the Apple Watch would be affected by proposed U.S. tariffs on Chinese goods, the company told U.S. trade officials, but gave no sign of an impact on its …
ADP Big Miss pic.twitter.com/7DeJzHz5Tb — Alastair (@StockBoardAsset) September 6, 2018 https://twitter.com/FerroTV/status/1037634872632860677 The Social Media Bubble Is About To Pop $FB $TWTR $SNAP pic.twitter.com/5bw5DDySH2 — Alastair (@StockBoardAsset) September 6, 2018 Default fears mount for "BATS" as emerging-market rout deepens. #Turkey’s implied …
