Just after midnight on Thursday EDT, the United States and China escalated their acrimonious trade war implementing punitive 25% tariffs on $16 billion worth of each other’s goods, even as mid-level officials from both sides resumed talks in Washington. China’s Commerce Ministry said Washington was “remaining obstinate” by implementing the latest tariffs, which kicked-in on […]
EU Steels Itself with New Tariffs Aimed at Protected Domestic Industry…
The European Union has announced that it will impose tariffs on steel imports into the bloc as part of its response to the US imposition of tariffs on steel and aluminum products. The measures are not just retaliatory, but a way to help shield the EU’s market from a glut of steel heading to the […]
China Files WTO Challenge to U.S. $200B Tariff Plan…
China announced it filed a World Trade Organization challenge Monday to President Donald Trump’s latest tariff threat, stepping up its diplomatic efforts to counter U.S. pressure in a spiraling technology dispute. The Trump administration has criticized the WTO as unable to deal with the problems posed by China, suggesting a challenge there might have little […]
EU Threatens $300 Billion Retaliation If U.S. Moves Ahead With Auto Tariffs…
More than a week after President Trump threatened to slap a 20% tariff on auto imports from the European Union, Brussels has issued a written warning to the US Department of Commerce with a threat of its own: If the Trump administration moves ahead with the auto tariffs, the bureaucrats in Brussels won’t hesitate to […]
Trump Announces Tariffs on $50B in Chinese Goods…
President Trump on Friday announced that the United States would impose tariffs on $50 billion in Chinese products, making good on a threat that has been months in the making. The White House’s move is expected to ramp up trade tensions with Beijing and possibly risk a key cooperative partnership to help denuclearize the Korean […]
A Listing of U.S. Imports from China Causing a Huge Trade Deficit…
Billionaire Koch Brothers Launch Million Dollar Campaign Against Trump’s Popular Tariffs…
Charles and David Koch are two of the Republican Party’s biggest billionaire donors, supporting an agenda of endless, multinational free trade agreements and open borders that keep U.S. wages stagnant. The Koch’s network of organizations — Americans for Prosperity, Freedom Partners Chamber of Commerce and the LIBRE Initiative — now say they will be spending […]
President Trump and Commerce Secretary Wilbur Ross Lowered the Hammer on the Big Club…
Today is the day I’ve been waiting for. Today President Trump and Commerce Secretary Wilbur Ross lowered the hammer on the Big Club. China, the EU, Canada and Mexico have been exploiting weak U.S. trade policy for years. Through the effective utilization of targeted tariffs, with multiple opportunities -and warnings- to avoid the outcome, President […]
Billionare Charles Koch: ‘We’re working hard against’ Trump’s Pro-American Tariffs on China…
Trump Officials Set for New Round of China Trade Talks at White House…
Trump administration officials are gearing up for a new round of trade talks with Chinese officials at the White House on Thursday after a U.S. trade delegation traveled to China earlier this month. The White House announced on Wednesday that Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross, U.S. Trade Representative Robert Lighthizer and additional […]
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