Free Republic

Key Points China will raise tariffs on $60 billion in U.S. goods in retaliation for the Trump administration’s latest decision to increase duties on $200 billion worth of Chinese products. U.S. stock indexes fall about 2% as the trade war between the world’s two largest economies escalates. ================================================================ China will raise tariffs on $60 billion in U.S. goods in retaliation for the U.S. decision to hike duties on Chinese goods, the Chinese Finance Ministry said Monday. Beijing will increase tariffs on more than 5,000 products to as high as 25%. Duties on some other goods will increase to 20%. Those...

RUSH: It’s amazing. The Drive-By Media now understands the concept of tax cuts and tax increases, but it took tariffs and a tariff war with the ChiComs for the Drive-Bys to understand it. I’m being ironic and a little sarcastic. They know it and understand it. It’s just that since the Republicans own mantra of tax cuts, since that is a Republican owned belief… Democrats don’t believe in cutting taxes; Republicans do, and the Democrats know it. So whenever the concept of tax cuts comes up, the Democrats and the media have to destroy it, as they did the latest...

Wall Street was setting up for a tough start to the week on Monday, with Dow Jones Industrial Average futures down over 300 points as investors waited for countermeasures from China after trade talks with the U.S. appeared to end in a stalemate. How did the benchmark indexes fare? Dow futures YMM9, -1.28% fell 311 points, or 1.2%, to 25,653, while S&P 500 futures ES, +1.86% dropped 36.40 points, or 1.2%, to 2,850.50. Nasdaq-100 futures NQM9, -1.76% slid 127.75 points, or 1.7%, to 7,482.50. On Friday, the Dow Jones Industrial Average DJIA, +0.44% rose 114.01 points, or 0.4%, to end...

Stocks fell sharply on Monday, giving back the gains from a strong turnaround in the previous session, after China decided to raise tariffs on some U.S. goods as the ongoing trade war between the worldÂ’s largest economies intensifies. The Dow Jones Industrial Average traded down 490 points, while a 2.8% drop in the tech sector pushed the S&P 500 down by 1.9%. The Nasdaq Composite dropped 2.6%. China will hike tariffs on $60 billion worth of U.S. imports, starting on June 1. The goods targeted include a broad range of agricultural products. This comes after President Donald Trump raised tariffs...

"The risk of a complete breakdown in trade talks has certainly increased," said Michael Taylor of Moody's Investors Service in a report.WINING!!!!!!

The Trump administration is hiking duties on $200 billion worth of Chinese products to 25% from 10%... Industries and businesses affected by the tariff hike will not feel the effect right away: it will apply to goods exported after May 10, according to the Office of the U.S. Trade Representative. It will not affect products already in transit to the United States. Trump has prepared to put even more pressure on China as he pushes for an agreement. The president has threatened to slap 25% tariffs on $325 billion in Chinese goods that remain untaxed.

US Customs and Border Protection imposed the new 25 percent duty on affected US-bound cargoes leaving China after 12.01am on Friday The hike comes in the midst of two days of talks between top US and Chinese negotiators to trying to rescue a faltering deal to end a 10-month trade war China's commerce ministry said 'necessary countermeasures' would be taken Mike Pence said the administration is working 'hour by hour' to reach agreement Economists and industry consultants have said it may take three or four months for American shoppers to feel the pinch from the tariff hike They say...

WASHINGTON: US President Donald Trump voiced confidence Saturday that North Korea’s Kim Jong Un would not “break his promise,” after South Korea said Pyongyang had launched several unidentified projectiles into the sea. “Anything in this very interesting world is possible, but I believe that Kim Jong Un fully realizes the great economic potential of North Korea, & will do nothing to interfere or end it,” Trump tweeted. “He also knows that I am with him & does not want to break his promise to me. Deal will happen!”

President says Moore has withdrawn from consideration https://twitter.com/realDonaldTrump/status/1123987855053873154

... Democrats in Congress visited the White House on Tuesday, and they emerged to say that they and President Trump had agreed to spend $2 trillion on public works ... The question is who is going to pay for all this? The annual federal budget deficit is already nearing $1 trillion. House Democrats couldn’t even pass a budget outline because their left flank wants $67 billion more in domestic spending than the leadership offered. Republicans want more for defense. And that’s before any infrastructure blowout. Democrats have been saying they won’t agree to raise the gasoline tax unless Mr. Trump...

Ahead of the 2020 presidential election, President Trump is abandoning his prior “America First” legal immigration reforms to support increases of legal immigration levels in order to expand profits for businesses and corporations. For the fourth time in about a month, Trump suggested increasing legal immigration levels. With Apple CEO Tim Cook sitting next to him at the White House on Wednesday, Trump said he not only wanted more legal immigration but that companies needed an expansion of new arrivals to grow their business. “We’re going to have a lot of people coming into the country. We want a lot...

Kim Jong Un was not responsible for the horrific injuries sustained by American student Otto Warmbier, who died shortly after being released from 17 months of detention in North Korea, President Donald Trump said Thursday. "Some really bad things happened to Otto - some really, really bad things. But he tells me that he didn't know about it, and I will take him at his word," Trump said, referring to the North Korean dictator. The president added that Kim told him that he "felt very badly about it."

"The agreement reached tonight would include: -$1.375b for border barriers (55 new miles of bollard fencing) -Dems drop call for new cap on ICE beds for detentions in interior -Overall cap on detention beds drops from 49,057 to 40,520 Per congressional official."

A Republican-Democrat border security deal that is expected to be offered to President Trump funds about $1.3 billion for a United States-Mexico border wall and includes no increase in detention space to control increasing illegal immigration at the border. [Snip] This funding is set to provide about 55 miles of new border wall along the roughly 2,000-mile long southern border. Much like the 2018 omnibus spending, which prevented Trump from building a border wall out of new materials, the deal is set to tack on stipulations as to what the barrier can be made from and where it can be...

They think pulling out of Syria and Afghanistan would be a debacle. They think North Korea cannot be trusted. They think the Islamic State is still a threat to America. They think Russia is bad and NATO is good. The trouble is their president does not agree. More than two years into his administration, the disconnect between President Trump and the Republican establishment on foreign policy has rarely been as stark.

President Trump will only accept a stopgap spending bill to reopen the government if it contains a “down payment” for his long-desired border wall, the White House said Thursday, shortly after the Senate rejected two separate funding bills. “The president would consider a CR only if it includes a down payment on the wall,” White House press secretary Sarah Huckabee Sanders said in a statement to The Hill.

Headline: CEO: POTUS Trump’s tariffs like ‘gun to the head’ of China, forcing Beijing to negotiate or suffer MASSIVE recession and unrestThe CEO of a U.S.-based global investment firm said Tuesday that POTUS Donald Trump’s tariff regime against China is having the desired effect of both slowing Beijing’s economy while “holding a gun to the head” of a county that is used to enormous economic growth. On Monday, the Chinese government announced in response to its slowest economic growth since 1990 that it was willing to spend as much as $1 trillion to close the yawning trade deficit with the...

President Trump latest action of denying Pelosi use of military planes within hours of departure overseas in light of the shutdown, puts Nancy and the Democrats in a goading box If Pelosi acquiesce and allow Trump to speak before all of Congress in the House then she will appear as groveling and weak as she backs down from her supposedly power move praised by the media. The radical leftists in the House wouldn’t like it either and would slam Pelosi as a weakling and not standing up to Trump. President Trump wins If Pelosi denies Trump to speak before all...

Attorney General hopeful Bill Barr WON'T fire Mueller and doesn't think he's on a 'witch hunt' says Lindsey Graham as he reveals they've been 'best friends' for 20 years and their wives share a Bible study and Mueller attended his daughters' weddings Sen. Lindsey Graham, a key Trump confidant, told reporters Barr has no plan to fire Special Counsel Robert Mueller and doesn't think he's running a 'witch hunt' Barr and Mueller are 'best friends,' he said, noting that the two men have known each other for 20 years Their wives attend the same Bible study together, and Mueller has...

I hoped for a long time for him to do this address, but I thought, while okay, it could have been better in terms of detail. I was hoping for something longer and infused with stats. I'm afraid what we heard was general comments usually made. I would have had border patrol there if I could have & local sheriffs - have a couple step forward & give their experience at the border & the impact a wall has had in the places where it is and would have. I guess the format I'd have used is: ~Number of illegal...