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VIDEO Liberals are bad mouthing President Trump for placing higher tariffs on Chinese goods as a tactic to get that country to sign on to a fair trade agreement which would lower their high tariffs on American goods. They fear a Trump win so much that they don't care if their rhetoric emboldens the Chinese to continue standing firm against coming to an agreement. Meanwhile CNBC's Jim Cramer provides a reality check on what is at stake and how the liberal talking heads are so wrong about fighting a trade war with China to WIN.

Former House Speaker Newt Gingrich is confident that the tariffs imposed by POTUS Donald Trump on China, including the latest round of 25 percent levies on $200 billion worth of goods, is much more than Beijing will eventually be able to weather. During an appearance on “Sunday Morning Futures” with Fox Business host Maria Bartiromo, Gingrich responded to a Twitter post by the president hinting that the Chinese government is “waiting” him out hoping that 2020 Democratic presidential contender Joe Biden wins the presidency next year and things can go back to ‘normal.’ “I think the Chinese are caught in...

Wu Shichun is one of countless Chinese entrepreneurs who over the past four decades have prospered from access to American customers and money. Today, as the American government threatens to take that away, the serial entrepreneur and venture capital investor is fundamentally rethinking how he does business. One of his portfolio companies designs and makes fashion products in China, then sells to American consumers on Amazon.com. Another, a vape device maker, sells most of its products in the United States. The third, which makes metal materials for electronic manufacturers, exports 40 percent of its production there. All three would be...

Not as strong as many, including President Trump believes. GDP growth and even the jobs data, including the unemployment rate, though fairly sunny, look deceptively strong and need a deeper look, which we have provided for you over the past few weeks. See here.How Will The Economy Hold Up As Trade War Escalates?More important, is the U.S. economy so strong it can withstand an escalation in the trade war with China?We seriously doubt it and fully expect Trump will be forced to cave on some of his completely unrealistic demands. We have been consistent from day one: China will never...

As his limo carried him to work at the White House Monday, Larry Kudlow could not have been pleased with the headline in The Washington Post: "Kudlow Contradicts Trump on Tariffs." The story began: "National Economic Council Director Lawrence Kudlow acknowledged Sunday that American consumers end up paying for the administration's tariffs on Chinese imports, contradicting President Trump's repeated inaccurate claim that the Chinese foot the bill." A free trade evangelical, Kudlow had conceded on Fox News that consumers pay the tariffs on products made abroad that they purchase here in the U.S. Yet that is by no means the...

Slowly but steadily they build up their economic, military, and technological superiority at our expense The Chinese Communist government does not have so much a strategy to translate its economic ascendance into global hegemony as several strategies. All of them are brilliantly insidious.On matters of trade, China is always flexible in responding to critics of its asymmetrical, 30-year mercantilism. In the initial stages of Westernization, China was exempted from criticism over serial copyright and patent infringement, dumping, and espionage. Western elites assumed that these improprieties were just speed bumps on the eventual Chinese freeway to liberalism. Supposedly the richer China...

RUSH: Now, let’s go to the audio sound bites. Grab audio sound bite number six. We have a montage here of the Drive-By Media suddenly understanding how taxes hurt people. When it’s time to explain the Trump tariffs, now all of a sudden the Drive-Bys seem to know everything about taxes. KRISTEN WELKER: (voice over/b-roll noise) You could pay higher prices on thousands of products like electronics, appliances and furniture, to basic items like clothing, bedsheets, shampoo, and cereal. BEN TRACY: Companies can either take on those costs and make less money, or they raise prices on U.S. consumers, which...

The U.S. sneaker market is valued at $21.2 billion, according to Cowen Equity Research, and while sneakers were left off President Trump’s most recent duty list, many sneaker fans are wondering what effects a new round of tariffs could have on the booming industry. On May 10, Trump made good on his promise to raise tariffs by 15% on $200 billion worth of Chinese imports. The now 25% tariffs are meant as a punishment to China for the country's refusal to accept the Trump Administration’s latest version of a potential trade deal. Trump also ordered the Office of the United...

Apple closed down nearly 6% on Monday after news of a major escalation in the U.S.-China trade war. China said on Monday that it decided to raise tariffs on some U.S. goods after President Donald Trump threatened to further raise tariffs on Chinese imports last week. The trade war is affecting a lot of different stocks, but Apple seems to be hit harder than most. The Dow Jones Industrial index dropped 2.6%, and the Nasdaq Composite dropped 3.5%. Apple is especially vulnerable to a trade war with China for two primary reasons. First, it assembles its iPhones primarily in China....

Key Points President Donald Trump says he has not “made that decision yet” on whether to put tariffs on another $325 billion in Chinese goods. Trump says China’s latest round of retaliatory tariffs represent “a very positive step.” Trump confirms he will meet with Chinese President Xi Jinping and Russian President Vladimir Putin at the G-20 summit in Japan in late June. ============================================================ President Donald Trump said the latest round of retaliatory tariffs announced by China on Monday puts the United States in a great position and represents “a very positive step” in the ongoing trade negotiations. China retaliated Monday...

Former vice president Joe Biden's son Hunter Biden partnered with infamous mobster Whitey Bulger's nephew and former secretary of state John Kerry's stepson for his lucrative business deal with the Bank of China, according to reporter Peter Schweizer's latest book. Schweizer points to the business deal with state-owned Bank of China, a $1.5 billion private equity investment, as a possible reason why the current presidential candidate has adopted a conciliatory attitude toward China. The lucrative deal between the Bank of China and Hunter Biden's company was inked in 2013 just weeks after Joe Biden brought his son along on an...

While many Democrats continue to push the lie that POTUS Donald Trump is a stooge of Russia their allies in the garbage American media are serving as propaganda mouthpieces for Communist China. On Monday, the Left-wing establishment press peppered the airwaves with one fabrication after another regarding the effect of POTUS Donald Trump’s latest round of tariffs on $200 billion worth of imported goods from China as a way of finally leveling the trade playing field between both countries that has long favored Beijing, and heavily. In the process, these same propagandists finally came clean about the effect of tax...

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...

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...

I’m a free-trader and I hate tariffs — which are consumer taxes — but if ever there were a right time to impose punitive tariffs, it is now, and it is against China. President Trump is on the side of the angels on this one, and this is the right moment to shut down China’s abusive trade practices forever. Start with the basic facts: The average tariff that we imposed on China when Trump entered the White House was about 4 percent. China’s tariffs on us were about 10 percent and, even when including the 10 percent tariff that Trump...

Democratic California Sen. Kamala Harris went to great lengths to avoid agreeing with President Donald Trump on trade policy during a CNN interview that aired Sunday morning. Harris skated around the questions — she focused on how trade deals favor large corporations at the expense of the middle class — from anchor Jake Tapper during the interview that was taped in Oakland, California, earlier in the week.

“Those manufacturers who mainly sell to Europe and the United States need to start taking pain killers again,” said exporter Liao Yu, who produces bags and suitcases in Dongguan. “The cost of relocation is very high for small factories of our kind. But if you don’t move, how do you digest the tariffs? A 25 per cent [tariff] will kill everyone. Meanwhile, European and American customers are now using more suppliers in Southeast Asia to replace us. Trump is just a killer.” “We thought our products would be safe and excluded from the list [subject to US tariffs]. But Trump...

A major super PAC aligned with POTUS Donald Trump has identified six key states the president will need in order to secure his reelection next year. According to America First Action, those states are Ohio, Georgia, North Carolina, Florida, Pennsylvania and Michigan, The Daily Caller reported. No doubt whatever crazy the Democrats nominate, that candidate will win the deep blue enclaves of California and New York, and may even be able to pull off a majority of votes again (though that is looking less and less likely).

The Department of Housing and Urban Development proposed a new rule Friday to make people seeking housing assistance have to prove their legal status, in a move that could oust thousands of illegal immigrants. Secretary Ben Carson said the rule would bring policy into compliance with the law, which generally tries to restrict public benefits to citizens and legal residents. “There is an affordable housing crisis in this country, and we need to make certain our scarce public resources help those who are legally entitled to it,” Mr. Carson said. When the Washington Times broke the news of the rule...

China held back from immediate retaliation for higher U.S. tariffs, unlike in past rounds, taking time to weigh its options amid uncertainty over how the Chinese economy would weather a full-bore trade conflict. A failure to break an impasse in talks in Washington on Friday opened a new phase in the trade fight after more than five months of back-and-forth negotiations. This time, some economists and analysts said, Beijing is taking stock of potential economic damage from higher tariffs.